Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v2.4.0.6
Debt (Tables)
 6 Months Ended
Mar. 31, 2013
Debt [Abstract]  
Interest rate swaps
The Company has entered into the following interest rate swaps:

Effective Date
Amount
Fixed Interest Rate
Interest Rate Spread at March 31, 2013
 
Maturity Date
May 2011
$25,000
1.37%
1.50%
May 2014
October 2011
  25,000
1.67%
1.50%
October 2015
November 2011
  25,000
2.13%
1.50%
November 2014
March 2012
  25,000
2.44%
1.50%
March 2015
June 2012
  40,000
1.88%
1.50%
June 2022
August 2012
  35,000
1.74%
1.50%
June 2022
September 2012
  25,000
3.03%
1.50%
December 2015
September 2012
  25,000
1.24%
1.50%
March 2017
November 2012
  25,000
1.33%
1.50%
November 2015
Derivatives designated as hedging instruments
At March 31, 2013 and September 30, 2012, the interest rate swap contracts were reflected as a liability on the balance sheets.  The following derivatives are designated as hedging instruments:

Liability Derivatives
      
Balance Sheet Location:
  
March 31, 2013
    
September 30, 2012
  
Current liabilities:
            
Other current liabilities
   $ 2,727     $ 2,851  
Long-term liabilities
                
Other liabilities
     3,562       6,282  
Total derivatives
   $ 6,289     $ 9,133  
Gain (loss) recognized on derivatives
The loss recognized on derivatives was as follows:

 
Location of
            
Derivatives in
Loss
  
Amount of
    
Amount of
  
Cash Flow
Recognized in
  
Loss Recognized
    
Loss Recognized
  
Hedging
Income on
  
in Income
    
in Income
  
Relationships
Derivative
  
on Derivatives
    
on Derivatives
  
     
Three Months ended March 31,
    
Six Months ended March 31,
  
     
2013
    
2012
    
2013
    
2012
  
                           
Interest rate swaps
Interest expense
     $(1,026)       $(733)       $(2,029)       $(1,420)  
                                   

The Company recognized the following losses in AOCL:

               
       
Location of
      
       
Gain or
      
       
(Loss)
  
Amount of Loss
  
       
Reclassified
  
Reclassified from
  
   
Amount of
  
From
  
AOCL into
  
Derivatives in
  
Gain or (Loss) Recognized in
  
AOCL into
  
Income
  
Cash Flow
  
AOCL on Derivatives
  
Income
  
(Effective Portion*)
  
Hedging Relationships
  
March 31,
2013
    
March 31,
2012
  
(Effective
Portion*)
  
March 31, 2013
    
March 31,
2012
  
                           
Interest rate swaps
     $497       $(661)  
Interest expense
     $(1,238)       $(866)  
                                   
*There is no ineffective portion or amount excluded from effectiveness testing.