v3.22.4
Leases
 3 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Leases
12. LEASES

We enter into various contractual arrangements for the right to use facilities, vehicles and equipment. The lease terms generally range from two to ten years for facilities and three to five years for vehicles and equipment. Our lease terms may include the exercise of renewal or termination options when it is reasonably certain these options will be exercised. Our lease agreements do not contain any material residual value guarantees or restrictive covenants.

Current operating and finance lease liabilities of $17,495 and $3,663, respectively, as of December 31, 2022, and $17,319 and $2,928, respectively, as of September 30, 2022, were included in “Accounts payable and accrued expenses” in the Condensed Consolidated Balance Sheets. Non-current finance lease liabilities and finance lease right-of-use assets were included in the “Other non-current liabilities” and “Other non-current assets”, respectively, in the Condensed Consolidated Balance Sheets.
The maturities of our lease liabilities as of December 31, 2022 are as follows:
Operating LeasesFinance LeasesTotal
Remainder of 2023
$13,802 $2,829 $16,631 
202415,272 3,744 19,016 
202511,906 3,503 15,409 
20268,619 2,601 11,220 
20275,379 1,061 6,440 
Thereafter7,935 37 7,972 
Total undiscounted lease payments$62,913 $13,775 $76,688 
Less: imputed interest6,655 1,340 7,995 
Present value of lease liabilities$56,258 $12,435 $68,693 
The total future undiscounted cash flows related to lease agreements committed to but not yet commenced as of December 31, 2022 is $2,104.

Lease cost recognized in our Condensed Consolidated Statements of Comprehensive Income is summarized as follows:
Three Months Ended
December 31, 2022December 31, 2021
Operating lease cost $4,926 $3,287 
Finance lease cost
Amortization of lease assets675 176 
Interest on lease liabilities150 33 
Finance lease cost825 209 
Short-term lease cost589 330 
Variable lease cost413 321 
Total lease cost$6,753 $4,147 

Other information about lease amounts recognized in our Condensed Consolidated Financial Statements is summarized as follows:
Three Months Ended
December 31, 2022December 31, 2021
Operating cash flows used for operating leases$5,951 $4,240 
Operating cash flows used for finance leases150 47 
Right-of-use assets obtained in exchange for new operating lease liabilities6,319 6,982 
Right-of-use assets obtained in exchange for new finance lease liabilities2,944 1,092 

December 31, 2022September 30, 2022
Weighted-average remaining lease term - operating leases4.7 years4.8 years
Weighted-average remaining lease term - finance leases3.9 years3.9 years
Weighted-average discount rate - operating leases4.3 %4.0 %
Weighted-average discount rate - finance leases5.3 %4.7 %
Leases
12. LEASES

We enter into various contractual arrangements for the right to use facilities, vehicles and equipment. The lease terms generally range from two to ten years for facilities and three to five years for vehicles and equipment. Our lease terms may include the exercise of renewal or termination options when it is reasonably certain these options will be exercised. Our lease agreements do not contain any material residual value guarantees or restrictive covenants.

Current operating and finance lease liabilities of $17,495 and $3,663, respectively, as of December 31, 2022, and $17,319 and $2,928, respectively, as of September 30, 2022, were included in “Accounts payable and accrued expenses” in the Condensed Consolidated Balance Sheets. Non-current finance lease liabilities and finance lease right-of-use assets were included in the “Other non-current liabilities” and “Other non-current assets”, respectively, in the Condensed Consolidated Balance Sheets.
The maturities of our lease liabilities as of December 31, 2022 are as follows:
Operating LeasesFinance LeasesTotal
Remainder of 2023
$13,802 $2,829 $16,631 
202415,272 3,744 19,016 
202511,906 3,503 15,409 
20268,619 2,601 11,220 
20275,379 1,061 6,440 
Thereafter7,935 37 7,972 
Total undiscounted lease payments$62,913 $13,775 $76,688 
Less: imputed interest6,655 1,340 7,995 
Present value of lease liabilities$56,258 $12,435 $68,693 
The total future undiscounted cash flows related to lease agreements committed to but not yet commenced as of December 31, 2022 is $2,104.

Lease cost recognized in our Condensed Consolidated Statements of Comprehensive Income is summarized as follows:
Three Months Ended
December 31, 2022December 31, 2021
Operating lease cost $4,926 $3,287 
Finance lease cost
Amortization of lease assets675 176 
Interest on lease liabilities150 33 
Finance lease cost825 209 
Short-term lease cost589 330 
Variable lease cost413 321 
Total lease cost$6,753 $4,147 

Other information about lease amounts recognized in our Condensed Consolidated Financial Statements is summarized as follows:
Three Months Ended
December 31, 2022December 31, 2021
Operating cash flows used for operating leases$5,951 $4,240 
Operating cash flows used for finance leases150 47 
Right-of-use assets obtained in exchange for new operating lease liabilities6,319 6,982 
Right-of-use assets obtained in exchange for new finance lease liabilities2,944 1,092 

December 31, 2022September 30, 2022
Weighted-average remaining lease term - operating leases4.7 years4.8 years
Weighted-average remaining lease term - finance leases3.9 years3.9 years
Weighted-average discount rate - operating leases4.3 %4.0 %
Weighted-average discount rate - finance leases5.3 %4.7 %