Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurements

v2.4.0.8
Fair Value Measurements
 6 Months Ended
Mar. 31, 2014
Fair Value Measurements [Abstract]  
Fair Value Measurements
Note 3.   Fair Value Measurements

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.  A three level fair value hierarchy is used to prioritize the inputs used in valuations, as defined below:

Level 1: Observable inputs that reflect unadjusted quoted prices for identical assets or liabilities in active markets.

Level 2: Inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly or indirectly.

Level 3:Unobservable inputs for the asset or liability.

The fair values of the Company’s assets and liabilities measured on a recurring basis are categorized as follows:

 
  
March 31, 2014
    
September 30, 2013
  
 
  
Level 1
    
Level 2
    
Level 3
    
Total
    
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets:
  
   
   
   
   
   
   
   
 
Derivatives (1)
  
$
-
    
$
3,850
      
-
    
$
3,850
    
$
-
    
$
3,736
      
-
    
$
3,736
  
Trading securities
  
$
18,879
      
-
      
-
    
$
18,879
    
$
17,929
      
-
      
-
    
$
17,929
  
Total assets at fair value
  
$
18,879
    
$
3,850
      
-
    
$
22,729
    
$
17,929
    
$
3,736
      
-
    
$
21,665
  
 
                                                                
Liabilities:
                                                                
Derivatives (1)
   
-
    
$
3,403
      
-
    
$
3,403
      
-
    
$
4,644
      
-
    
$
4,644
  
Total liabilities at fair value
    
-
    
$
3,403
      
-
    
$
3,403
      
-
    
$
4,644
      
-
    
$
4,644
  

(1) Interest rate swaps are valued based on observable market swap rates.