Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.8.0.1
Debt (Tables)
 6 Months Ended
Mar. 31, 2018
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:
 
 
March 31, 2018
 
September 30, 2017
Pay fixed swaps - notional amount
 
$
404,688

 
$
414,063

Net unrealized gain
 
$
9,912

 
$
3,959

Weighted-average maturity period (years)
 
2.8

 
3.3

Weighted-average received rate
 
1.88
%
 
1.23
%
Weighted-average pay rate
 
1.35
%
 
1.34
%
Interest Rate Swap Contracts as Reflected on Balance Sheet
At March 31, 2018 and September 30, 2017, the interest rate swap contracts were reflected in the Consolidated Balance Sheets as follows:
Derivatives
 
March 31, 2018
 
September 30, 2017
Current assets:
 
 
 
 
Other current assets
 
$
3,039

 
$
1,098

Long-term assets:
 
 

 
 

Other assets
 
6,873

 
2,892

Current liabilities:
 
 

 
 

Other current liabilities
 
—

 
(7
)
Long-term liabilities:
 
 

 
 

Other liabilities
 
—

 
(24
)
Total derivatives
 
$
9,912

 
$
3,959

Gain (Loss) on Derivatives
The gains recognized on derivatives were as follows:
 
Derivatives in Cash Flow Hedging Relationships
 
Location of Gain Recognized in Income on Derivative
 
Amount of Gain Recognized in Income on Derivatives
 
Amount of Gain Recognized in Income on Derivatives
 
 
 
 
 
  
 
Three Months Ended
March 31,
 
Six Months Ended
March 31,
 
 
 
 
 
2018
 
2017
 
2018
 
2017
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
 
Interest expense
 
$
202

 
$
503

 
$
265

 
$
1,310










Note 5.   Debt (continued)

The Company recognized the following gains in AOCI:
Derivatives in Cash Flow Hedging Relationships
 
Amount of Gain
Recognized in AOCI on Derivatives
 
Location of Gain Reclassified From AOCI into Income (Effective Portion*)
 
Amount of Gain
Reclassified from
AOCI into Income
(Effective Portion*)
 
 
March 31, 2018
 
March 31, 2017
 
 
 
March 31, 2018
 
March 31, 2017
 
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
 
$
4,893

 
$
7,065

 
Interest expense
 
$
171

 
$
799

 
 
 
 
 
 
 
 
 
 
 
*There is no ineffective portion or amount excluded from effectiveness testing.