Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.2.0.727
Debt (Tables)
9 Months Ended
Jun. 30, 2015
Debt [Abstract]  
Interest rate swaps
The Company has entered into the following interest rate swaps:

Effective Date
Amount
Fixed Interest Rate
Interest Rate Spread at June 30, 2015
 
Maturity Date
October 2011
  $25,000
1.67%
1.75%
October 2015
June 2012
  $40,000
1.88%
1.75%
June 2022
August 2012
  $35,000
1.74%
1.75%
June 2022
September 2012
  $25,000
3.03%
1.75%
December 2015
September 2012
  $25,000
1.24%
1.75%
March 2017
November 2012
  $25,000
1.33%
1.75%
November 2015
May 2014
  $25,000
1.35%
1.75%
May 2018
November 2014
  $25,000
1.26%
1.75%
June 2018
March 2015
  $25,000
1.49%
1.75%
March 2019
Derivatives designated as hedging instruments
At June 30, 2015 and September 30, 2014, the interest rate swap contracts were reflected in the consolidated balance sheets as follows:
     
Derivatives
 
June 30, 2015
   
September 30, 2014
 
Current assets:
       
Other current assets
 
$
89
   
$
324
 
Long-term assets:
               
 Other assets
   
534
     
2,133
 
Current liabilities:
               
Other current liabilities
   
(953
)
   
(1,808
)
Long-term liabilities:
               
Other liabilities
   
(492
)
   
(319
)
Total derivatives
 
$
(822
)
 
$
330
 
                 
Loss recognized on derivatives
The loss recognized on derivatives was as follows:

 
       
Derivatives in
Location of Loss
 
Amount of
   
Amount of
 
Cash Flow
Recognized in
 
Loss Recognized
   
Loss Recognized
 
Hedging
Income on
 
in Income
   
in Income
 
Relationships
Derivative
 
on Derivatives
   
on Derivatives
 
      
Three Months ended June 30,
   
Nine Months ended June 30,
 
     
2015
   
2014
   
2015
   
2014
 
                   
Interest rate swaps
Interest expense
 
 
$(953)
 
 
 
$(1,987)
 
 
 
$(3,026)
 
 
 
$(4,117)
 
                                   

The Company recognized the following gains or losses in AOCI:

           
     
Location of
   
     
Gain or
   
     
  (Loss)
 
Amount of Loss
 
     
Reclassified
 
Reclassified from
 
   
Amount of (Loss)
 
From
 
AOCI into
 
Derivatives in
 
Recognized in
 
AOCI into
 
Income
 
Cash Flow
 
AOCI on Derivatives
 
Income
 
(Effective Portion*)
 
Hedging Relationships
 
June 30, 2015
   
June 30, 2014
 
(Effective Portion*)
 
June 30, 2015
   
June 30, 2014
 
                   
Interest rate swaps
 
 
$(2,548)
 
 
 
$(2,437)
 
Interest expense
 
 
$(1,846)
 
 
 
$(2,511)
 
                                   
*There is no ineffective portion or amount excluded from effectiveness testing.