Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.7.0.1
Debt (Tables)
 9 Months Ended
Jun. 30, 2017
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:
 
 
June 30, 2017
 
September 30, 2016
Pay fixed swaps - notional amount
 
$
393,750

 
$
403,125

Net unrealized gain (loss)
 
$
3,552

 
$
(5,834
)
Weighted-average maturity period (years)
 
3.4

 
3.9

Weighted-average received rate
 
1.22
%
 
0.53
%
Weighted-average pay rate
 
1.30
%
 
1.26
%
Derivatives
At June 30, 2017 and September 30, 2016, the interest rate swap contracts were reflected in the Consolidated Balance Sheets as follows:
Derivatives
 
June 30, 2017
 
September 30, 2016
Current assets:
 
 
 
 
Other current assets
 
$
948

 
$
43

Long-term assets:
 
 

 
 

Other assets
 
2,693

 
150

Current liabilities:
 
 

 
 

Other current liabilities
 
(25
)
 
(1,529
)
Long-term liabilities:
 
 

 
 

Other liabilities
 
(64
)
 
(4,498
)
Total derivatives
 
$
3,552

 
$
(5,834
)
Gain (Loss) on Derivatives
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
 
Amount of Gain (Loss) Recognized in Income on Derivatives
 
 
 
 
 
  
 
Three Months Ended
June 30,
 
Nine Months Ended
June 30,
 
 
 
 
 
2017
 
2016
 
2017
 
2016
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
 
Interest expense
 
$
306

 
$
(848
)
 
$
1,616

 
$
(2,424
)
The Company recognized the following gains (losses) in AOCI:
Derivatives in Cash Flow Hedging Relationships
 
Amount of Gain (Loss)
Recognized in AOCI on Derivatives
 
Location of Gain (Loss) Reclassified From AOCI into Income (Effective Portion*)
 
Amount of Gain (Loss)
Reclassified from
AOCI into Income
(Effective Portion*)
 
 
June 30, 2017
 
June 30, 2016
 
 
 
June 30, 2017
 
June 30, 2016
 
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
 
$
6,712

 
$
(4,292
)
 
Interest expense
 
$
986

 
$
(1,479
)
 
 
 
 
 
 
 
 
 
 
 
*There is no ineffective portion or amount excluded from effectiveness testing.