XML 50 R39.htm IDEA: XBRL DOCUMENT v3.4.0.3
NOTES PAYABLE TO BANKS (Detail Textuals) - USD ($)
$ in Millions
 1 Months Ended 3 Months Ended
Nov. 30, 2015
Jan. 17, 2014
Mar. 31, 2016
Sep. 30, 2015
Revolving credit facility        
Line of Credit Facility [Line Items]        
Amount of credit facility $ 125.0     $ 350.0
Percentage of ownership 100.00%      
Term of line of credit facility 5 years      
Decrease in interest rates on amended loans   (0.125%)    
Commitment fees and other debt related costs   $ 0.7    
Loan origination fees and other debt related costs     $ 3.0  
Non-current other assets net     $ 0.3  
Description of variable rate basis of debt instrument    

Revolving loans under the Revolving Credit Agreement bear interest at one of the following two rates, at the Company's election:

 

· the Base Rate, which is the highest of Bank of America’s "prime rate" for the day of the borrowing, a fluctuating rate per annum equal to the Federal Funds Rate plus 0.50%, and a rate per annum equal to the one (1) month LIBOR rate plus 1.00%; in each case plus a margin that ranges from 0.125% to 1.125% based on a quarterly debt covenant calculation; or

 

· with respect to any Eurodollar borrowings, Adjusted LIBOR (which equals LIBOR as increased to account for the maximum reserve percentages established by the U.S. Federal Reserve) plus a margin ranging from 1.125% to 2.125%, based upon a quarterly debt covenant calculation.
 
Revolving credit facility | Minimum        
Line of Credit Facility [Line Items]        
Fees on unused portion of facility     0.225%  
Revolving credit facility | Maximum        
Line of Credit Facility [Line Items]        
Fees on unused portion of facility     0.325%  
Revolving credit facility | Option 1 A        
Line of Credit Facility [Line Items]        
Basis spread on variable rate     0.50%  
Description of reference rate basis     Federal Funds Rate  
Revolving credit facility | Option 1 A | Minimum        
Line of Credit Facility [Line Items]        
Range of margin based on quarterly debt covenant calculation     0.125%  
Revolving credit facility | Option 1 A | Maximum        
Line of Credit Facility [Line Items]        
Range of margin based on quarterly debt covenant calculation     1.125%  
Revolving credit facility | Option 1 B        
Line of Credit Facility [Line Items]        
Basis spread on variable rate     1.00%  
Description of reference rate basis     LIBOR rate  
Revolving credit facility | Option 1 B | Minimum        
Line of Credit Facility [Line Items]        
Range of margin based on quarterly debt covenant calculation     0.125%  
Revolving credit facility | Option 1 B | Maximum        
Line of Credit Facility [Line Items]        
Range of margin based on quarterly debt covenant calculation     1.125%  
Letter of credit subfacility        
Line of Credit Facility [Line Items]        
Amount of credit facility $ 50.0      
Swingline subfacility        
Line of Credit Facility [Line Items]        
Amount of credit facility $ 35.0 $ 25.0