Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.20.4
Debt (Tables)
 3 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt
Long-term debt at December 31, 2020 and September 30, 2020 consisted of the following:

  December 31, 2020 September 30, 2020
Revolving credit facilities $ 413,483  $ 416,793 
Securitization facility 64,300  67,700 
Senior secured term loan 22,406  22,359 
2025 Senior Notes 297,391  297,256 
Other borrowings 18,112  20,742 
Finance lease obligations 8,939  9,684 
  824,631  834,534 
Less current maturities (26,826) (26,824)
  $ 797,805  $ 807,710 
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, 2020 September 30, 2020
Pay fixed swaps - notional amount $ 262,500  $ 312,500 
Net unrealized loss
$ (6,422) $ (7,792)
Weighted-average maturity period (years) 2.8 2.6
Weighted-average received rate 0.14  % 0.15  %
Weighted-average pay rate 1.31  % 1.34  %
Interest Rate Swap Contracts as Reflected on Balance Sheet
At December 31, 2020 and September 30, 2020, the interest rate swap contracts were reflected in the Consolidated Balance Sheets as follows:

Derivatives December 31, 2020 September 30, 2020
Current liabilities:    
Other current liabilities $ (2,889) $ (3,164)
Long-term liabilities:    
Other liabilities (3,533) (4,628)
Total derivatives $ (6,422) $ (7,792)
Gain (Loss) on Derivatives
The (losses) gains recognized on derivatives were as follows:
Derivatives in Cash Flow Hedging Relationships Location of (Loss) Gain Recognized in Income on Derivative Amount of (Loss) Gain Recognized in Income on Derivatives
     Three Months Ended
December 31,
    2020 2019
Interest rate swaps Interest expense $ (903) $ 364 

The Company recognized the following (losses) gains in AOCI:
Derivatives in Cash Flow Hedging Relationships Amount of Gain
Recognized in AOCI on Derivatives		 Location of (Loss) Gain Reclassified From AOCI into Income (Effective Portion*) Amount of (Loss) Gain
Reclassified from
AOCI into Income
(Effective Portion*)
  December 31, 2020 December 31, 2019   December 31, 2020 December 31, 2019
Interest rate swaps $ 353  $ 566  Interest expense $ (682) $ 275 
*There is no ineffective portion or amount excluded from effectiveness testing.