CREDIT FACILITIES (Tables)

12 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Schedule of Debt

A summary of borrowings at period end follows:   

	Fixed/		September 30, 2020				September 30, 2019
	Variable	Maturity			Interest				Interest
Debt	Rate	Date	Balance		Rate		Balance		Rate
(in thousands)
M&T credit facilities:
Revolving Credit Facility	v	6/4/2023	$	19,960	2.75	%	$	26,646	4.31	%
Master Lease	v	6/4/2023	1,782		3.00		—		—
Term Loan B	v	5/5/2022	—		—		2,779		4.59
Equipment Line Term Note	v	Various	—		—		1,125		4.56
Total debt, gross			21,742				30,550
Unamortized debt issuance costs			(266)				(269)
Total debt, net			21,476				30,281
Less: current portion			—				(1,371)
Long-term debt			$	21,476			$	28,910

Schedule of Maturities of Long-term Debt

A summary of contractual principal payments under IEC’s borrowings at September 30, 2020 for the next three years taking into consideration the Credit Facility is as follows:

Debt Repayment Schedule	Contractual Principal Payments
(in thousands)
Twelve months ending September 30,
2021	$	—
2022	—
2023	21,742
	$	21,742