Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.21.2
Debt (Tables)
 9 Months Ended
Jun. 30, 2021
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt
Long-term debt at June 30, 2021 and September 30, 2020 consisted of the following:
  June 30, 2021 September 30, 2020
Revolving credit facilities $ 382,253  $ 416,793 
Securitization facility 90,710  67,700 
Senior secured term loan —  22,359 
2025 Senior Notes 297,661  297,256 
Other borrowings 11,612  20,742 
Finance lease obligations 10,251  9,684 
  792,487  834,534 
Less current maturities (4,994) (26,824)
  $ 787,493  $ 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:
June 30, 2021 September 30, 2020
Pay fixed swaps - notional amount $ 250,000  $ 312,500 
Net unrealized loss
$ (2,982) $ (7,792)
Weighted-average maturity period (years) 2.5 2.6
Weighted-average received rate 0.10  % 0.15  %
Weighted-average pay rate 1.34  % 1.34  %
Interest Rate Swap Contracts as Reflected on Balance Sheet
At June 30, 2021 and September 30, 2020, the interest rate swap contracts were reflected in the Consolidated Balance Sheets as follows:
Derivatives June 30, 2021 September 30, 2020
Current liabilities:    
Other current liabilities $ (2,411) $ (3,164)
Long-term liabilities:    
Other liabilities (571) (4,628)
Total derivatives $ (2,982) $ (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 Recognized in Income on Derivatives Amount of (Loss) Gain Recognized in Income on Derivatives
     Three Months Ended
June 30,		 Nine Months Ended
June 30,
    2021 2020 2021 2020
Interest rate swaps Interest expense $ (790) $ (438) $ (2,444) $ 108 

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 (Loss) Gain Reclassified From AOCI into Income (Effective Portion*) Amount of (Loss) Gain
Reclassified from
AOCI into Income
(Effective Portion*)
  June 30, 2021 June 30, 2020   June 30, 2021 June 30, 2020
Interest rate swaps $ 1,787  $ (4,248) Interest expense $ (1,845) $ 82 
* There is no ineffective portion or amounts excluded from effectiveness testing.