| Leases |
Leases Total lease expense included in selling, general and administrative expenses in our unaudited condensed consolidated statements of income for the three and six months ended March 31, 2026, and 2025 is as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, | | Six Months Ended March 31, | | 2026 | | 2025 | | 2026 | | 2025 | | Operating lease expense – fixed payments | $ | 1,154 | | | $ | 1,079 | | | $ | 2,310 | | | $ | 2,188 | | | Variable lease expense | 351 | | | 364 | | | 755 | | | 759 | | Short-term and other lease expense (includes $89 and $89 recorded in advertising and marketing for the three months ended March 31, 2026, and 2025, respectively, and $183 and $191 for the six months ended March 31, 2026, and 2025, respectively; and $190 and $133 recorded in repairs and maintenance for the three months ended March 31, 2026, and 2025, respectively, and $343 and $275 for the six months ended March 31, 2026, and 2025, respectively; see Note 6) | 364 | | | 316 | | | 702 | | | 658 | | | Total lease expense, net | $ | 1,869 | | | $ | 1,759 | | | $ | 3,767 | | | $ | 3,605 | | | | | | | | | | | Other information: | | | | | | | | | Operating cash outflows from operating leases | $ | 1,946 | | | $ | 1,821 | | | $ | 3,915 | | | $ | 3,779 | | | Weighted average remaining lease term – operating leases | | | | | 8.6 years | | 9.3 years | | Weighted average discount rate – operating leases | | | | | 5.8 | % | | 5.7 | % |
Future maturities of operating lease liabilities as of March 31, 2026, are as follows (in thousands): | | | | | | | | | | | | | | | | | | | Principal Payments | | Interest Payments | | Total Payments | | April 2026 - March 2027 | $ | 3,379 | | | $ | 1,516 | | | $ | 4,895 | | | April 2027 - March 2028 | 3,003 | | | 1,325 | | | 4,328 | | | April 2028 - March 2029 | 2,814 | | | 1,155 | | | 3,969 | | | April 2029 - March 2030 | 2,659 | | | 985 | | | 3,644 | | | April 2030 - March 2031 | 2,469 | | | 841 | | | 3,310 | | | Thereafter | 14,683 | | | 2,067 | | | 16,750 | | | $ | 29,007 | | | $ | 7,889 | | | $ | 36,896 | |
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