Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.4.0.3
Debt (Tables)
 6 Months Ended
Mar. 31, 2016
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 March 31, 2016
    
 
Maturity Date
June 2012
  
$
40,000
      
1.88%
 
    
1.75%
 
  
June 2022
August 2012
    
35,000
      
1.74%
 
    
1.75%
 
  
June 2022
September 2012
    
25,000
      
1.24%
 
    
1.75%
 
  
March 2017
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
September 2015
    
25,000
      
1.39%
 
    
1.75%
 
  
September 2020
November 2015
    
25,000
      
1.32%
 
    
1.75%
 
  
November 2020
December 2015
    
25,000
      
1.59%
 
    
1.75%
 
  
December 2020
February 2016
    
25,000
      
0.99%
 
    
1.75%
 
  
February 2020
February 2016
    
25,000
      
1.03%
 
    
1.75%
 
  
February 2022
Derivatives designated as hedging instruments
At March 31, 2016 and September 30, 2015, the interest rate swap contracts were reflected in the consolidated balance sheets as follows:
 
       
Derivatives
  
March 31, 2016
    
September 30, 2015
  
Current assets:
            
Other current assets
  
$
26
    
$
-
  
Long-term assets:
                
 Other assets
    
126
      
-
  
Current liabilities:
                
Other current liabilities
    
(1,465
)
    
(1,165
)
Long-term liabilities:
                
Other liabilities
    
(4,433
)
    
(2,521
)
Total derivatives
  
$
(5,746
)
  
$
(3,686
)
                 
Loss recognized on derivatives
 
The loss recognized on derivatives was as follows:
 
 
            
Derivatives in Cash Flow Hedging Relationships
Location of Loss Recognized in Income on Derivative
  
Amount of
    
Amount of
  
 
Loss Recognized
    
Loss Recognized
  
 
in Income
    
in Income
  
 
on Derivatives
    
on Derivatives
  
      
Three Months ended
March 31,
    
Six Months ended
March 31,
  
     
2016
    
2015
    
2016
    
2015
  
                           
Interest rate swaps
Interest expense
  
$
(746
)
  
$
(996
)
  
$
(1,576
)
  
$
(2,073
)
                                   
The Company recognized the following gains or losses in AOCI:
 
               
       
 
      
       
 
      
       
  
  
Amount of Loss
  
       
 
  
Reclassified from
  
   
Amount of
  
 
  
AOCI into
  
 
  
Loss Recognized in
  
 
  
Income
  
Derivatives in Cash Flow Hedging Relationships
  
AOCI on Derivatives
  
Location of Gain or (Loss) Reclassified From AOCI into Income (Effective Portion*)
  
(Effective Portion*)
  
 
  
March 31, 2016
    
March 31, 2015
  
 
  
March 31, 2016
    
March 31, 2015
  
                           
Interest rate swaps
  
$
(2,218
)
  
$
(3,212
)
Interest expense
  
$
(961
)
  
$
(1,265
)
                                   
*There is no ineffective portion or amount excluded from effectiveness testing.