Derivative Financial Instruments (Tables)

9 Months Ended

Jun. 30, 2017

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of outstanding interest rate derivatives

As of June 30, 2017, the Company had the following outstanding interest rate derivatives that were designated as cash flow hedges of interest rate risk (dollars in thousands):

Interest Rate Derivative	Notional Amount		Fixed Rate		Maturity
Interest rate swap	$	1,475	5.25	%	April 1, 2022
Interest rate swap	26,400		3.61	%	May 6, 2023
Interest rate swap	27,000		4.05	%	September 19, 2026

Schedule of fair value of derivative financial instruments and classification on consolidated balance sheets

The table below presents the fair value of the Company’s derivative financial instruments as well as its classification on the consolidated balance sheets as of the dates indicated (amounts in thousands):

Derivatives as of:
June 30, 2017			September 30, 2016
Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Other Assets	$	1,489	Other Assets	$	—
Accounts payable and accrued liabilities	$	17	Accounts payable and accrued liabiltities	$	1,602

Schedule of effect of derivative financial instrument on consolidated statements of comprehensive (loss) income

The following table presents the effect of the Company’s interest rate swaps on the consolidated statements of comprehensive (loss) income for the dates indicated (dollars in thousands):

	Three Months Ended June 30,						Nine Months Ended June 30,
	2017			2016			2017			2016
Amount of gain recognized on derivative in Other Comprehensive Income (loss)	$	(309	)	$	(906	)	$	2,739		$	(935	)
Amount of gain (loss) reclassified from Accumulated Other Comprehensive Income (loss) into Interest Expense	$	(80	)	$	(50	)	$	(336	)	$	(65	)