Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v2.4.0.8
Debt (Tables)
 3 Months Ended
Dec. 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 December 31, 2013
 
Maturity Date
May 2011
$25,000
1.37%
1.00%
May 2014
October 2011
  25,000
1.67%
1.00%
October 2015
November 2011
  25,000
2.13%
1.00%
November 2014
March 2012
  25,000
2.44%
1.00%
March 2015
June 2012
  40,000
1.88%
1.00%
June 2022
August 2012
  35,000
1.74%
1.00%
June 2022
September 2012
  25,000
3.03%
1.00%
December 2015
September 2012
  25,000
1.24%
1.00%
March 2017
November 2012
  25,000
1.33%
1.00%
November 2015
Derivatives designated as hedging instruments
At December 31, 2013 and September 30, 2013, the interest rate swap contracts were reflected in the consolidated balance sheets as follows:
       
Balance Sheet Location:
  
December 31, 2013
    
September 30, 2013
  
Current assets
            
Other current assets
   $ 601     $ 427  
Long-term assets
                
 Other assets
     4,507       3,309  
Current liabilities:
                
Other current liabilities
     (2,498 )     (2,590 )
Long-term liabilities:
                
Other liabilities
     (1,497 )     (2,054 )
Total derivatives
   $ 1,113     $ (908 )
                 
Gain (loss) recognized on derivatives
The loss recognized on derivatives was as follows:

 
Location of
  
Derivatives in
Loss
Amount of Loss
Cash Flow
Recognized in
Recognized in Income
Hedging
Income on
on Derivatives
Relationships
Derivative
Three Months Ended December 31,
   
2013
  
2012
         
Interest rate swaps
Interest expense
$(1,076)
  
$(1,003)

The Company recognized the following gains or losses in AOCI:

       
Location of
      
       
Gain or
      
       
(Loss)
      
       
Reclassified
  
Amount of Loss
  
   
Amount of Gain
  
from
  
Reclassified from
  
Derivatives in
  
Recognized in
  
AOCI into
  
AOCI into Income
  
Cash Flow
  
AOCI on Derivatives
  
Income
  
(Effective Portion*)
  
Hedging Relationships
  
December 31,
2013
    
December 31,
2012
  
(Effective
Portion*)
  
December 31, 2013
    
December 31,
2012
  
                           
Interest rate swaps
     $577       $11  
Interest expense
     $(656)       $(612)  
                                   
*There is no ineffective portion or amount excluded from effectiveness testing.