Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v2.4.1.9
Debt (Tables)
 6 Months Ended
Mar. 31, 2015
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, 2015
 
Maturity Date
October 2011
  $25,000
1.67%
1.75%
October 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 March 31, 2015 and September 30, 2014, the interest rate swap contracts were reflected in the consolidated balance sheets as follows:
     
Derivatives
  
March 31, 2015
    
September 30, 2014
  
Current assets:
        
Other current assets
  
$
-
    
$
324
  
Long-term assets:
                
 Other assets
    
-
      
2,133
  
Current liabilities:
                
Other current liabilities
    
(1,360
)
    
(1,808
)
Long-term liabilities:
                
Other liabilities
    
(1,502
)
    
(319
)
Total derivatives
  
$
(2,862
)
  
$
330
  
                 
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 March 31,
    
Six Months ended March 31,
  
     
2015
    
2014
    
2015
    
2014
  
                   
Interest rate swaps
Interest expense
  
 
$(996)
 
  
 
$(1,054)
 
  
 
$(2,073)
 
  
 
$(2,130)
 
                                   

The Company recognized the following gains or losses in AOCI:
           
     
Location of
    
     
Gain or
    
     
  (Loss)
  
Amount of Loss
  
     
Reclassified
  
Reclassified from
  
   
Amount of
  
From
  
AOCI into
  
Derivatives in
  
(Loss) Recognized in
  
AOCI into
  
Income
  
Cash Flow
  
AOCI on Derivatives
  
Income
  
(Effective Portion*)
  
Hedging Relationships
  
March 31,2015
    
March 31,2014
  
(EffectivePortion*)
  
March 31, 2015
    
March 31, 2014
  
                   
Interest rate swaps
  
 
$(3,212)
 
  
 
$(472)
 
Interest expense
  
 
$(1,265)
 
  
 
$(1,299)
 
                                   
*There is no ineffective portion or amount excluded from effectiveness testing.