Annual report pursuant to Section 13 and 15(d)

Leases (Tables)

v3.20.2
Leases (Tables)
12 Months Ended
Sep. 30, 2020
Leases [Abstract]  
Assets and Liabilities, Lessee The following table presents the balance sheet and lease classification for the Company's lease portfolio:
Balance Sheet Classification Lease Classification
September 30, 2020
Non-current assets:
Property, plant and equipment, net Finance $ 9,185 
Other assets Operating 72,011 
Total lease assets $ 81,196 
Current liabilities:
Long-term debt, current maturities Finance $ 3,515 
Other current liabilities Operating 23,942 
Non-current liabilities:
Long-term debt Finance 6,169 
Other liabilities Operating 49,297 
Total lease liabilities $ 82,923 
Summary of Components of Lease Cost
The following table presents the components of lease cost:
For the Year Ended September 30, 2020
Finance lease cost:
Amortization of ROU assets $ 2,112 
Interest on lease liabilities 206 
Operating lease cost (a)
23,735 
Variable lease cost (a)
5,298 
Sublease income (732)
Total lease cost $ 30,619 
(a) Annual lease cost under operating leases were $29,033, $38,015 and $38,934 in fiscal 2020, 2019 and 2018, respectively. 

Supplemental information regarding the Company's leases follows:
For the Year Ended September 30, 2020
Cash paid for finance and operating lease liabilities:
Operating cash flows from finance leases $ 207 
Operating cash flows from operating leases $ 29,309 
Financing cash flows from finance leases $ 2,064 
ROU assets obtained in exchange for new finance lease liabilities $ 2,613 
ROU assets obtained in exchange for new operating lease liabilities $ 12,442 
September 30, 2020
Weighted-average remaining lease term - finance leases (years) 4.39
Weighted-average remaining lease term - operating leases (years) 3.52
Weighted-discount rate - finance leases 2.89  %
Weighted-discount rate - operating leases 2.82  %
Schedule of Maturities of Lease Obligations
Maturities of lease obligations by fiscal year were as follows as of September 30, 2020:
Operating Leases Finance Leases
2021 $ 25,804  $ 3,847 
2022 18,973  2,877 
2023 12,939  1,168 
2024 8,706  462 
2025 5,515  407 
Thereafter 5,224  1,753 
Total future minimum lease payments 77,161  10,514 
Less: Interest 3,922  830 
Present value of lease liabilities: $ 73,239  $ 9,684 
Schedule of Maturities of Lease Obligations
Maturities of lease obligations by fiscal year were as follows as of September 30, 2020:
Operating Leases Finance Leases
2021 $ 25,804  $ 3,847 
2022 18,973  2,877 
2023 12,939  1,168 
2024 8,706  462 
2025 5,515  407 
Thereafter 5,224  1,753 
Total future minimum lease payments 77,161  10,514 
Less: Interest 3,922  830 
Present value of lease liabilities: $ 73,239  $ 9,684