Annual report pursuant to Section 13 and 15(d)

DERIVATIVES AND HEDGING ACTIVITIES (Tables)

v3.24.3
DERIVATIVES AND HEDGING ACTIVITIES (Tables)
 12 Months Ended
Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Interest Rate Swap Contracts Reflected in Consolidated Balance Sheets At September 30, 2024 and 2023, derivative instruments were reflected on a gross-basis in the consolidated balance sheets as follows:
Derivatives: September 30, 2024 September 30, 2023
Interest Rate Swaps Cross-Currency Swaps Interest Rate Swaps Cross-Currency Swaps
Current assets:
Other current assets $ —  $ —  $ 920  $ — 
Long-term assets:
Other assets —  —  3,086  — 
Current liabilities:
Other current liabilities (863) (18,042) —  — 
Long-term liabilities:
Other liabilities (1,743) (48,925) —  (2,766)
Total derivatives (1)
$ (2,606) $ (66,967) $ 4,006  $ (2,766)
(1) Fiscal 2024 cross-currency swaps amount includes $58,432 of partial advance payments received from the counterparties to certain swap contracts (see below).
Schedule of Interest Rate Contracts
The following table presents information related to interest rate swaps entered into by the Company and designated as cash flow hedges:
September 30, 2024 September 30, 2023
Notional amount $ 175,000  $ 175,000 
Weighted-average maturity period (years) 3.2 4.1
Weighted-average received rate 4.85  % 5.32  %
Weighted-average pay rate 3.83  % 3.83  %
The following table presents information related to cross currency swaps entered into by the Company and designated as net investment hedges:
Notional Amount Unrealized Losses Recognized in AOCI
Swap Currencies Maturity Date September 30, 2024 September 30, 2023 September 30, 2024 September 30, 2023
USD/EUR September 2027 $ 81,392  $ 81,392  $ (5,440) $ (2,065)
USD/SEK June 2025 20,000  —  (468) — 
USD/SGD August 2026 20,000  —  (441) — 
USD/EUR August 2026 25,000  —  (30) — 
$ 146,392  $ 81,392  $ (6,379)
(1)
 $ (2,065)
(1)
(1) Total unrealized losses are presented net of tax of $2,156 and $701, for the years ended September 30, 2024 and 2023, respectively.