Leases (Tables)

3 Months Ended

Dec. 31, 2024

Leases [Abstract]

Summary of Lease Term and Incremental Borrowing Rates for Leases

The following table presents certain information related to lease term and incremental borrowing rates for leases as of December 31, 2024 and September 30, 2024:


		December 31, 2024			September 30, 2024
Weighted-average remaining lease term (in months):
Operating leases			47.9			46.0
Finance leases			10.2			13.4
Weighted-average discount rate:
Operating leases			6.8	%		6.6	%
Finance leases			4.4	%		4.4	%

Summary of Lease Expense

The following table presents lease expense for the three months ended December 31, 2024 and 2023 (dollars in thousands):


		Three Months Ended December 31,
		2024				2023
Finance lease costs:
Amortization of right of use asset		$	96			$	108
Interest on lease liability			3				7
Operating lease cost			1,410				1,628
Variable lease cost			455				764
Sublease income			(43	)			(60	)
Total lease cost		$	1,921			$	2,447

Summary of Undiscounted Future Minimum Lease Payments Under Non-cancelable Leases

The table below reconciles the undiscounted future minimum lease payments under non-cancelable leases to the total lease liabilities recognized on the Condensed Consolidated Balance Sheet as of December 31, 2024 (dollars in thousands):


Year Ending September 30,		Operating Leases				Financing Leases				Total
2025		$	3,702			$	259			$	3,961
2026			3,698				53				3,751
2027			3,302				—				3,302
2028			2,691				—				2,691
2029			1,986				—				1,986
Thereafter			764				—				764
Total future minimum lease payments		$	16,143			$	312			$	16,455
Less effects of discounting			(2,244	)			(4	)			(2,248	)
Total lease liabilities		$	13,899			$	308			$	14,207
Reported as of December 31, 2024
Short-term lease liabilities		$	3,828			$	282			$	4,110
Long-term lease liabilities			10,071				26				10,097
Total lease liabilities		$	13,899			$	308			$	14,207