Long-Term Debt and Bank Facility Borrowings (Tables)

9 Months Ended

Jun. 30, 2020

The Company’s debt is as follows (in thousands):

	June 30,				September 30,
	2020				2019
	Carrying Amount		Fair Value (a)		Carrying Amount		Fair Value (a)
Revolving Credit Facility Borrowings	$	—	$	—	$	61,500	$	61,500
Senior Secured Term Loan (b)		125,975		126,750		91,947		92,500
Total debt	$	125,975	$	126,750	$	153,447	$	154,000
Total short-term portion of debt	$	13,000	$	13,000	$	33,000	$	33,000
Total long-term portion of debt	$	112,975	$	113,750	$	120,447	$	121,000

(a)	The face amount of the Company’s variable rate long-term debt approximates fair value.

(b)	Carrying amounts are net of unamortized debt issuance costs of $0.8 million as of June 30, 2020 and $0.6 million as of September 30, 2019.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details