Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v3.21.4
Debt (Tables)
 3 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt
Long-term debt at December 31, 2021 and September 30, 2021 consisted of the following:
  December 31, 2021 September 30, 2021
Revolving credit facilities $ 405,000  $ 350,597 
Securitization facility 104,690  95,990 
2025 Senior Notes 297,931  297,796 
Other borrowings 20,296  10,150 
Finance lease obligations 8,145  9,177 
Total debt 836,062  763,710 
Less current maturities (4,271) (4,624)
Long-term debt $ 831,791  $ 759,086 
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, 2021 September 30, 2021
Pay fixed swaps - notional amount $ 250,000  $ 250,000 
Net unrealized loss
$ (102) $ (2,062)
Weighted-average maturity period (years) 2.0 2.2
Weighted-average received rate 0.10  % 0.08  %
Weighted-average pay rate 1.34  % 1.34  %
Interest Rate Swap Contracts as Reflected on Balance Sheet
At December 31, 2021 and September 30, 2021, the interest rate swap contracts were reflected on a gross-basis in the Consolidated Balance Sheets as follows:
Derivatives December 31, 2021 September 30, 2021
Current assets:    
Other current assets $ 269  $ 31 
Long-term assets:    
Other assets 883  139 
Current liabilities:    
Other current liabilities (1,148) (1,922)
Long-term liabilities:    
Other liabilities (106) (310)
Total derivatives $ (102) $ (2,062)
Gain (Loss) on Derivatives
The losses recognized on derivatives were as follows:
Derivatives in Cash Flow Hedging Relationships Location of Loss Recognized in Income on Derivative Amount of Loss Recognized in Income on Derivatives
     Three Months Ended
December 31,
    2021 2020
Interest rate swaps Interest expense $ (801) $ (903)

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, 2021 December 31, 2020   December 31, 2021 December 31, 2020
Interest rate swaps $ 875  $ 353  Interest expense $ (606) $ (682)
* There is no ineffective portion or amounts excluded from effectiveness testing.