FAIR VALUE MEASUREMENTS

12 Months Ended

Sep. 30, 2019

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS:

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A three level fair value hierarchy is used to prioritize the inputs used in valuations, as defined below:

Level 1:                         Observable inputs that reflect unadjusted quoted prices for identical assets or liabilities in active markets.

Level 2:                          Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.

Level 3:                         Unobservable inputs for the asset or liability.

As of September 30, 2019 and 2018, the fair values of the Company's assets and liabilities measured on a recurring basis were categorized as follows:

	September 30, 2019
	Level 1		Level 2		Level 3		Total
Assets:
Derivatives (1)	$	—	$	845	$	—	$	845
Equity and fixed income mutual funds	—		22,986		—		22,986
Life insurance policies	—		4,030		—		4,030
Total assets at fair value	$	—	$	27,861	$	—	$	27,861
Liabilities:
Derivatives (1)	$	—	$	1,379	$	—	$	1,379
Total liabilities at fair value	$	—	$	1,379	$	—	$	1,379
(1) Interest rate swaps are valued based on observable market swap rates and are classified within Level 2 of the fair value hierarchy.

	September 30, 2018
	Level 1		Level 2		Level 3		Total
Assets:
Derivatives (1)	$	—	$	11,309	$	—	$	11,309
Equity and fixed income mutual funds	—		22,758		—		22,758
Life insurance policies	—		5,894		—		5,894
Total assets at fair value	$	—	$	39,961	$	—	$	39,961
Liabilities:
Derivatives (1)	$	—	$	—	$	—	$	—
Total liabilities at fair value	$	—	$	—	$	—	$	—
(1) Interest rate swaps are valued based on observable market swap rates and are classified within Level 2 of the fair value hierarchy.