LEASES (Tables)
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12 Months Ended |
Sep. 30, 2025 |
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| Leases [Abstract] |
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| Schedule of Assets and Liabilities, Lessee |
The following table presents the balance sheet and lease classification for the Company's lease portfolio as of September 30, 2025 and 2024, respectively:
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| Balance Sheet Classification |
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Lease Classification |
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2025 |
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2024 |
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| Non-current assets: |
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| Property, plant and equipment, net |
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Finance |
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$ |
31,641 |
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$ |
26,428 |
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| Operating lease right-of-use-assets |
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Operating |
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51,610 |
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60,499 |
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| Total lease assets |
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$ |
83,251 |
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$ |
86,927 |
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| Current liabilities: |
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| Long-term debt, current maturities |
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Finance |
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$ |
7,230 |
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$ |
5,820 |
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| Current portion of operating lease liabilities |
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Operating |
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17,186 |
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22,617 |
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| Non-current liabilities: |
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| Long-term debt |
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Finance |
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15,334 |
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16,283 |
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| Operating lease liabilities |
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Operating |
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36,099 |
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40,073 |
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| Total lease liabilities |
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$ |
75,849 |
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$ |
84,793 |
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| Summary of Components of Lease Cost |
The following table presents the components of lease cost for the years ended September 30, 2025, 2024 and 2023, respectively:
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2025 |
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2024 |
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2023 |
| Finance lease cost: |
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Amortization of ROU assets |
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$ |
7,035 |
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$ |
5,104 |
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$ |
2,791 |
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Interest on lease liabilities |
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1,159 |
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808 |
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248 |
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| Operating lease cost |
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24,371 |
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21,463 |
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21,546 |
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| Variable lease cost |
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8,518 |
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10,960 |
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10,601 |
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| Sublease income |
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(185) |
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(273) |
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(89) |
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| Total lease cost |
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$ |
40,898 |
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$ |
38,062 |
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$ |
35,097 |
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Supplemental information regarding the Company's leases follows:
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For the Year Ended September 30, |
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2025 |
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2024 |
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2023 |
| Cash paid for finance and operating lease liabilities: |
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Operating cash flows from finance leases |
$ |
1,159 |
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$ |
824 |
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$ |
259 |
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Operating cash flows from operating leases |
26,609 |
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28,121 |
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27,194 |
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Financing cash flows from finance leases |
7,051 |
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5,055 |
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2,642 |
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| ROU assets obtained in exchange for new finance lease liabilities |
7,521 |
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17,720 |
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4,745 |
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| ROU assets obtained in exchange for new operating lease liabilities |
23,475 |
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7,577 |
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8,294 |
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September 30, |
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2025 |
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2024 |
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2023 |
| Weighted-average remaining lease term - finance leases (years) |
3.21 |
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3.75 |
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4.47 |
| Weighted-average remaining lease term - operating leases (years) |
3.40 |
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3.12 |
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3.52 |
| Weighted-discount rate - finance leases |
5.27 |
% |
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5.33 |
% |
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4.48 |
% |
| Weighted-discount rate - operating leases |
4.48 |
% |
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4.19 |
% |
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3.47 |
% |
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| Schedule of Maturities of Operating Lease Obligations |
Maturities of lease obligations by fiscal year were as follows as of September 30, 2025:
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Operating Leases |
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Finance Leases |
| 2026 |
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$ |
18,734 |
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$ |
8,086 |
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| 2027 |
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13,706 |
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7,849 |
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| 2028 |
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10,123 |
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4,961 |
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| 2029 |
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7,553 |
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2,330 |
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| 2030 |
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4,182 |
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1,200 |
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| Thereafter |
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4,096 |
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134 |
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| Total future minimum lease payments |
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58,394 |
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24,560 |
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| Less: Interest |
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5,109 |
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1,996 |
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| Present value of lease liabilities: |
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$ |
53,285 |
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$ |
22,564 |
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| Schedule of Maturities of Finance Lease Obligations |
Maturities of lease obligations by fiscal year were as follows as of September 30, 2025:
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Operating Leases |
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Finance Leases |
| 2026 |
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$ |
18,734 |
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$ |
8,086 |
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| 2027 |
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13,706 |
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7,849 |
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| 2028 |
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10,123 |
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4,961 |
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| 2029 |
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7,553 |
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2,330 |
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| 2030 |
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4,182 |
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1,200 |
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| Thereafter |
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4,096 |
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134 |
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| Total future minimum lease payments |
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58,394 |
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24,560 |
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| Less: Interest |
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5,109 |
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1,996 |
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| Present value of lease liabilities: |
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$ |
53,285 |
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$ |
22,564 |
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