Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v2.4.0.8
Debt (Tables)
 6 Months Ended
Mar. 31, 2014
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, 2014
  
 
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
May 2014
    
25,000
      
1.35
%
    
1.00
%
May 2018
Derivatives designated as hedging instruments
At March 31, 2014 and September 30, 2013, the interest rate swap contracts were reflected in the consolidated balance sheets as follows:
 
Balance Sheet Location:
  
March 31, 2014
    
September 30, 2013
  
Current assets
  
   
 
Other current assets
  
$
473
    
$
427
  
Long-term assets
                
Other assets
    
3,378
      
3,309
  
Current liabilities:
                
Other current liabilities
    
(2,327
)
    
(2,590
)
Long-term liabilities:
                
Other liabilities
    
(1,077
)
    
(2,054
)
Total derivatives
  
$
447
    
$
(908
)
Gain (loss) recognized on derivatives
The loss recognized on derivatives was as follows:
 
 
Derivatives in
Cash Flow
Hedging
Relationships
Location of
Loss
Recognized in
Income on
Derivative
Amount of
Loss Recognized
in Income
on Derivatives
Amount of
Loss Recognized
in Income
on Derivatives
 
Three Months ended March 31,
Six Months ended March 31,
  2014
2013
2014
2013
 
Interest rate swaps
Interest expense
  
$
(1,054
)
  
$
(1,026
)
  
$
(2,130
)
  
$
(2,029
)

The Company recognized the following losses in AOCI:
 
 
 
 
 
 
Derivatives in
Cash Flow
Amount of
Gain or (Loss) Recognized in
AOCL on Derivatives
Location of
Gain or
(Loss)
Reclassified
From
AOCI into
Income
Amount of Loss
Reclassified from
AOCL into
Income
(Effective Portion*)
Hedging
Relationships
March 31,
2014
March 31,
2013
(Effective
Portion*)
March 31,
2014
March 31,
2013
 
Interest rate swaps
  
$
(472
)
  
$
497
  
Interest expense
  
$
(1,299
)
  
$
(1,238
)

*There is no ineffective portion or amount excluded from effectiveness testing.