Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.5.0.2
Debt (Tables)
 9 Months Ended
Jun. 30, 2016
Debt Disclosure [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, 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
June 2016
 
51,563

 
0.77%
 
1.75%
 
April 2021
June 2016
 
25,781

 
0.77%
 
1.75%
 
April 2021
June 2016
 
25,781

 
0.78%
 
1.75%
 
April 2021
Derivatives Designated as Hedging Instruments
At June 30, 2016 and September 30, 2015, the interest rate swap contracts were reflected in the consolidated balance sheets as follows:
Derivatives
 
June 30, 2016
 
September 30, 2015
Current assets:
 
 
 
 
Other current assets
 
$
—

 
$
—

Long-term assets:
 
 

 
 

Other assets
 
—

 
—

Current liabilities:
 
 

 
 

Other current liabilities
 
(2,040
)
 
(1,165
)
Long-term liabilities:
 
 

 
 

Other liabilities
 
(6,257
)
 
(2,521
)
Total derivatives
 
$
(8,297
)
 
$
(3,686
)
 
 
 
 
 
Loss Recognized on Derivatives
The Company recognized the following gains or losses in AOCI:
Derivatives in Cash Flow Hedging Relationships
 
Amount of
Loss Recognized in AOCI on Derivatives
 
Location of Gain or (Loss) Reclassified From AOCI into Income (Effective Portion*)
 
Amount of Loss Reclassified from
AOCI into
Income
(Effective Portion*)
 
 
June 30, 2016
 
June 30, 2015
 
 
 
June 30, 2016
 
June 30, 2015
 
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
 
$
(4,292
)
 
$
(2,548
)
 
Interest expense
 
$
(1,479
)
 
$
(1,846
)
 
 
 
 
 
 
 
 
 
 
 
*There is no ineffective portion or amount excluded from effectiveness testing.
The losses recognized on derivatives were as follows:
 
Derivatives in Cash Flow Hedging Relationships
 
Location of Loss Recognized in Income on Derivative
 
Amount of Loss Recognized in Income on Derivatives
 
Amount of Loss Recognized in Income on Derivatives
 
 
 
 
 
 
  
 
Three Months Ended
June 30,
 
Nine Months Ended
June 30,
 
 
 
 
 
2016
 
2015
 
2016
 
2015
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
 
Interest expense
 
$
(848
)
 
$
(953
)
 
$
(2,424
)
 
$
(3,026
)