Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.6.0.2
Debt (Tables)
 3 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Interest Rate Contracts
The following table presents information related to interest rate contracts entered into by the Company and designated as cash flow hedges:
 
 
December 31, 2016
 
September 30, 2016
Pay fixed swaps - notional amount
 
$
400,000

 
$
403,125

Net unrealized gain (loss)
 
$
3,334

 
$
(5,834
)
Weighted-average maturity period (years)
 
3.6

 
3.9

Weighted-average received rate
 
0.77
%
 
0.53
%
Weighted-average pay rate
 
1.26
%
 
1.26
%
Derivatives
At December 31, 2016 and September 30, 2016, the interest rate swap contracts were reflected in the consolidated balance sheets as follows:
Derivatives
 
December 31, 2016
 
September 30, 2016
Current assets:
 
 
 
 
Other current assets
 
$
833

 
$
43

Long-term assets:
 
 

 
 

Other assets
 
2,854

 
150

Current liabilities:
 
 

 
 

Other current liabilities
 
(201
)
 
(1,529
)
Long-term liabilities:
 
 

 
 

Other liabilities
 
(152
)
 
(4,498
)
Total derivatives
 
$
3,334

 
$
(5,834
)
Gain (Loss) on Derivatives
The Company recognized the following gains (losses) in AOCI:
Derivatives in Cash Flow Hedging Relationships
 
Amount of
Gain Recognized in AOCI on Derivatives
 
Location of Loss Reclassified From AOCI into Income (Effective Portion*)
 
Amount of Loss Reclassified from
AOCI into Income
(Effective Portion*)
 
 
December 31, 2016
 
December 31, 2015
 
 
 
December 31, 2016
 
December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
 
$
5,100

 
$
1,076

 
Interest expense
 
$
(493
)
 
$
(506
)
 
 
 
 
 
 
 
 
 
 
 
*There is no ineffective portion or amount excluded from effectiveness testing.
The gains (losses) recognized on derivatives were as follows:
 
Derivatives in Cash Flow Hedging Relationships
 
Location of Gain (Loss) Recognized in Income on Derivative
 
Amount of Gain (Loss) Recognized in Income on Derivatives
 
 
 
 
 
  
 
Three Months Ended
December 31,
 
 
 
 
 
2016
 
2015
 
 
 
 
 
 
 
 
 
Interest rate swaps
 
Interest expense
 
$
807

 
$
(830
)