Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v2.4.1.9
Debt (Tables)
 3 Months Ended
Dec. 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 December 31, 2014
 
Maturity Date
October 2011
  25,000
1.67%
1.75%
October 2015
March 2012
  25,000
2.44%
1.75%
March 2015
June 2012
  40,000
1.88%
1.75%
June 2022
August 2012
  35,000
1.74%
1.75%
June 2022
September 2012
  25,000
3.03%
1.75%
December 2015
September 2012
  25,000
1.24%
1.75%
March 2017
November 2012
  25,000
1.33%
1.75%
November 2015
May 2014
  25,000
1.35%
1.75%
May 2018
November 2014
  25,000
1.26%
1.75%
June 2018
March 2015
  25,000
1.49%
1.75%
March 2019
Derivatives designated as hedging instruments
At December 31, 2014 and September 30, 2014, the interest rate swap contracts were reflected in the consolidated balance sheets as follows:
     
Derivatives
  
December 31, 2014
    
September 30, 2014
  
Current assets:
        
Other current assets
  
$
99
    
$
324
  
Long-term assets:
                
 Other assets
    
597
      
2,133
  
Current liabilities:
                
Other current liabilities
    
(1,508
)
    
(1,808
)
Long-term liabilities:
                
Other liabilities
    
(188
)
    
(319
)
Total derivatives
  
$
(1,000
)
  
$
330
  
                 
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,
   
  2014
2013
          
Interest rate swaps
Interest expense
$(1,077)
$(1,076)

The Company recognized the following gains or losses in AOCI:

   
Location of
  
   
Gain or
  
   
   (Loss)
  
   
Reclassified
Amount of Loss
  
 
Amount of Gain or (Loss)
  
from
Reclassified from
  
Derivatives in
Recognized in
  
AOCI into
AOCI into Income
  
Cash Flow
AOCI on Derivatives
  
Income
(Effective Portion*)
  
Hedging Relationships
December 31, 2014
  
December 31, 2013
  
(Effective
Portion*)
December 31, 2014
  
December 31, 2013
  
           
Interest rate swaps
  
 
$(1,468)
 
  
 
$577
  
Interest expense
  
 
$(657)
 
  
 
$(656)
 
                                   
*There is no ineffective portion or amount excluded from effectiveness testing.