Debt (Tables)

6 Months Ended

Mar. 31, 2016

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, 2016		Maturity Date
June 2012	$	40,000		1.88%		1.75%	June 2022
August 2012		35,000		1.74%		1.75%	June 2022
September 2012		25,000		1.24%		1.75%	March 2017
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
September 2015		25,000		1.39%		1.75%	September 2020
November 2015		25,000		1.32%		1.75%	November 2020
December 2015		25,000		1.59%		1.75%	December 2020
February 2016		25,000		0.99%		1.75%	February 2020
February 2016		25,000		1.03%		1.75%	February 2022

Derivatives designated as hedging instruments

At March 31, 2016 and September 30, 2015, the interest rate swap contracts were reflected in the consolidated balance sheets as follows:

Derivatives	March 31, 2016			September 30, 2015
Current assets:
Other current assets	$	26		$	-
Long-term assets:
Other assets		126			-
Current liabilities:
Other current liabilities		(1,465	)		(1,165	)
Long-term liabilities:
Other liabilities		(4,433	)		(2,521	)
Total derivatives	$	(5,746	)	$	(3,686	)

Loss recognized on derivatives

The loss recognized on derivatives was as follows:

Derivatives in Cash Flow Hedging Relationships	Location of Loss Recognized in Income on Derivative	Amount of						Amount of
		Loss Recognized						Loss Recognized
		in Income						in Income
		on Derivatives						on Derivatives
		Three Months ended March 31,						Six Months ended March 31,
		2016			2015			2016			2015
Interest rate swaps	Interest expense	$	(746	)	$	(996	)	$	(1,576	)	$	(2,073	)

The Company recognized the following gains or losses in AOCI:

								Amount of Loss
								Reclassified from
	Amount of							AOCI into
	Loss Recognized in							Income
Derivatives in Cash Flow Hedging Relationships	AOCI on Derivatives						Location of Gain or (Loss) Reclassified From AOCI into Income (Effective Portion*)	(Effective Portion*)
	March 31, 2016			March 31, 2015				March 31, 2016			March 31, 2015
Interest rate swaps	$	(2,218	)	$	(3,212	)	Interest expense	$	(961	)	$	(1,265	)
*There is no ineffective portion or amount excluded from effectiveness testing.