Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v2.4.0.8
Debt (Tables)
 9 Months Ended
Jun. 30, 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 June 30, 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 June 30, 2013 and September 30, 2012, the interest rate swap contracts were reflected as net asset and net liability on the balance sheets.  The following derivatives are designated as hedging instruments:

Liability Derivatives
 
 
 
Balance Sheet Location:
 
June 30, 2013
 
 
September 30, 2012
 
Current assets
 
 
 
 
 
 
Other current assets
 
$
416
 
 
$
-
 
Long-term assets
 
 
 
 
 
 
 
 
Other assets
 
 
3,329
 
 
 
 
 
Current liabilities:
 
 
 
 
 
 
 
 
Other current liabilities
 
 
2,503
 
 
 
2,851
 
Long-term liabilities
 
 
 
 
 
 
 
 
Other liabilities
 
 
2,429
 
 
 
6,282
 
Total derivatives
 
$
1,187
 
 
$
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 June 30,
 
 
Nine Months ended June 30,
 
 
 
 
2013
 
 
2012
 
 
2013
 
 
2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
Interest expense
 
$
(1,065
)
 
$
(888
)
 
$
(3,094
)
 
$
(2,308
)

The Company recognized the following losses in AOCL:

 
 
 
 
 
 
 
 
 
 
 
 
Location of
 
 
 
 
 
 
 
Gain or
 
 
 
 
 
 
 
  (Loss)
 
Amount of Loss
 
 
 
 
 
Reclassified
 
Reclassified from
 
 
 
Amount of Gain or (Loss)
 
From
 
AOCL into
 
Derivatives in
 
Recognized in
 
AOCL into
 
Income
 
Cash Flow
 
AOCL on Derivatives
 
Income
 
(Effective Portion*)
 
Hedging Relationships
 
June 30,
2013
 
 
June 30,
2012
 
(Effective
Portion*)
 
June 30, 2013
 
 
June 30,
2012
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
 
$
2,960
 
 
$
(2,068
)
Interest expense
 
$
(1,887
)
 
$
(1,408
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
*There is no ineffective portion or amount excluded from effectiveness testing.