v3.22.4
Leases (Tables)
 3 Months Ended
Dec. 31, 2022
Leases [Abstract]  
Schedule of Lease Expense
The components of lease expense during the three months ended December 31, 2022 and 2021 were as follows:
Three Months Ended December 31,
Lease Expense20222021
Operating lease expense(1)
$5,704 $6,363 
Finance lease expense:
Amortization of leased assets198 18 
Interest on lease liabilities87 1 
Variable lease expense1,950 1,091 
Sublease income(32)(59)
Total net lease expense$7,907 $7,414 
(1)    Excludes the expense for short-term leases not accounted for under ASC 842, which was not significant for the three months ended December 31, 2022 and 2021.
Schedule of Supplemental Information
Supplemental balance sheet, cash flow and other information related to our leases was as follows (in thousands, except lease term and discount rate):

LeasesClassificationDecember 31, 2022September 30, 2022
Assets:
Operating lease assets
Right-of-use assets for operating leases(1)
$199,947 $132,038 
Finance lease assets
Property and equipment, net(2)
2,719 22 
Total leased assets$202,666 $132,060 
Liabilities:
Current
   Operating lease liabilities
Operating lease liability, current portion(1)
$24,206 $12,959 
   Finance lease liabilitiesLong-term debt, current portion642 23 
Noncurrent
   Operating lease liabilities
Operating lease liability(1)
195,730 129,302 
   Finance lease liabilitiesLong-term debt4,982 — 
Total lease liabilities$225,560 $142,284 
(1)     As noted in Note 4, during the three months ended December 31, 2022, our right-of-use assets and operating lease liability increased due to the acquisition of Concorde.
(2)     Finance lease assets are recorded net of accumulated amortization of $0.3 million and $0.2 million as of December 31, 2022 and September 30, 2022, respectively.

Lease Term and Discount RateDecember 31, 2022September 30, 2022
Weighted-average remaining lease term (in years):
   Operating leases8.438.92
   Finance leases6.080.33
Weighted average discount rate:
   Operating leases3.58 %3.91 %
   Finance leases9.29 %3.08 %

Three Months Ended December 31,
Supplemental Disclosure of Cash Flow Information and Other Information20222021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$4,963 $2,567 
Financing cash flows from finance leases115 18 
Non-cash activity related to lease liabilities:
   Lease assets obtained in exchange for new operating lease liabilities (1)
$117 $7,457 
   Lease assets obtained in exchange for new finance lease liabilities— — 
(1) Excludes the operating leases recorded for the Concorde and MIAT acquisitions discussed in Note 4.
Schedule Operating Lease Liabilities Maturities Maturities of lease liabilities were as follows:
As of December 31, 2022
Years ending September 30,Operating LeasesFinance Leases
Remainder of 2023$21,804 $854 
202433,160 1,159 
202531,829 1,193 
202630,763 1,229 
202729,301 1,266 
2028 and thereafter108,252 1,743 
Total lease payments255,109 7,444 
Less: interest(35,173)(1,820)
Present value of lease liabilities219,936 5,624 
Less: current lease liabilities(24,206)(642)
Long-term lease liabilities$195,730 $4,982 
Schedule of Finance Lease Liabilities Maturities Maturities of lease liabilities were as follows:
As of December 31, 2022
Years ending September 30,Operating LeasesFinance Leases
Remainder of 2023$21,804 $854 
202433,160 1,159 
202531,829 1,193 
202630,763 1,229 
202729,301 1,266 
2028 and thereafter108,252 1,743 
Total lease payments255,109 7,444 
Less: interest(35,173)(1,820)
Present value of lease liabilities219,936 5,624 
Less: current lease liabilities(24,206)(642)
Long-term lease liabilities$195,730 $4,982