Debt (Tables)

6 Months Ended

Mar. 31, 2020

Debt Disclosure [Abstract]

Interest Rate Contracts

The following table presents information related to interest rate contracts entered into by the Company and designated as cash flow hedges:

	March 31, 2020			September 30, 2019
Pay fixed swaps - notional amount	$	350,000		$	293,750
Net unrealized loss	$	(6,032)		$	(534)
Weighted-average maturity period (years)	2.8			1.9
Weighted-average received rate	0.99		%	2.02		%
Weighted-average pay rate	1.32		%	1.41		%

Interest Rate Swap Contracts as Reflected on Balance Sheet

At March 31, 2020 and September 30, 2019, the interest rate swap contracts were reflected in the Consolidated Balance Sheets as follows:

Derivatives	March 31, 2020		September 30, 2019
Current assets:
Other current assets	$	—	$	548
Long-term assets:
Other assets	777		297
Current liabilities:
Other current liabilities	(2,821)		(484)
Long-term liabilities:
Other liabilities	(3,988)		(895)
Total derivatives	$	(6,032)	$	(534)

Gain (Loss) on Derivatives

The gains recognized on derivatives were as follows:

Derivatives in Cash Flow Hedging Relationships	Location of Gain Recognized in Income on Derivative	Amount of Gain Recognized in Income on Derivatives				Amount of Gain Recognized in Income on Derivatives
		Three Months Ended March 31,				Six Months Ended March 31,
		2020		2019		2020		2019
Interest rate swaps	Interest expense	$	182	$	880	$	546	$	1,615

The Company recognized the following gains (losses) in AOCI:

Derivatives in Cash Flow Hedging Relationships	Amount of Loss Recognized in AOCI on Derivatives				Location of Gain Reclassified From AOCI into Income (Effective Portion*)	Amount of Gain Reclassified from AOCI into Income (Effective Portion*)
	March 31, 2020		March 31, 2019			March 31, 2020		March 31, 2019
Interest rate swaps	$	(3,739)	$	(3,702)	Interest expense	$	412	$	1,219
*There is no ineffective portion or amount excluded from effectiveness testing.