Borrowings (Tables)
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12 Months Ended |
Sep. 30, 2016 |
Debt Disclosure [Abstract] |
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Schedule of long-term debt |
As of September 30, 2016 and September 30, 2015, we had the following debt, net of premium/discounts and unamortized debt issuance costs: | | | | | | | | | | | (In thousands) | Maturity Date | | September 30, 2016 | | September 30, 2015 | 8 1/8% Senior Notes | June 2016 | | $ | — |
| | $ | 170,879 |
| 6 5/8% Senior Secured Notes | April 2018 | | — |
| | 300,000 |
| 9 1/8% Senior Notes | May 2019 | | — |
| | 235,000 |
| 5 3/4% Senior Notes | June 2019 | | 321,393 |
| | 325,000 |
| 7 1/2% Senior Notes | September 2021 | | 198,000 |
| | 200,000 |
| 8 3/4% Senior Notes | March 2022 | | 500,000 |
| | — |
| 7 1/4% Senior Notes | February 2023 | | 199,834 |
| | 200,000 |
| Unamortized debt net premium (discount) | | | 2,362 |
| | (3,639 | ) | Unamortized debt issuance costs | | | (14,063 | ) | | (11,908 | ) | Total Senior Notes, net | | | 1,207,526 |
| | 1,415,332 |
| Term Loan (net of unamortized discount of $880 and unamortized debt issuance costs of $1,451) | March 2018 | | 52,669 |
| | — |
| Junior Subordinated Notes (net of unamortized accretion of $40,903 and $42,970, respectively) | July 2036 | | 59,870 |
| | 57,803 |
| Cash Secured Loans | November 2017 | | — |
| | 22,368 |
| Other Secured Notes Payable | Various Dates | | 11,813 |
| | 20,864 |
| Total debt, net | | | $ | 1,331,878 |
| | $ | 1,516,367 |
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Schedule of maturities of long-term debt |
As of September 30, 2016, the future maturities of our borrowings were as follows: | | | | | Fiscal Year Ended September 30, | | (In thousands) | | 2017 | $ | 25,692 |
| 2018 | 35,160 |
| 2019 | 327,351 |
| 2020 | 3 |
| 2021 | 198,000 |
| Thereafter | 800,607 |
| Total | $ | 1,386,813 |
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Debt instrument redemption |
The table below summarizes the redemption terms for our Senior Notes: | | | | | | | | Senior Note Description | | Issuance Date | | Maturity Date | | Redemption Terms | 5 3/4% Senior Notes | | April 2014 | | June 2019 | | Callable at any time before March 15, 2019, in whole or in part, at a redemption price equal to 100% of the principal amount, plus a customary make-whole premium | 7 1/2% Senior Notes | | September 2013 | | September 2021 | | Callable at a redemption price equal to 105.625% of the principal amount; after September 15, 2017, callable at a redemption price equal to 103.75% of the principal amount; after September 15, 2018, callable at a redemption price equal to 101.875% of the principal amount; after September 15, 2019, callable at 100% of the principal amount plus accrued and unpaid interest | 8 3/4% Senior Notes | | September 2016 | | March 2022 | | Callable at any time prior to March 15, 2019, in whole or in part, at a redemption price equal to 100% of the principal amount, plus a customary make-whole premium; after March 15, 2019, callable at a redemption price equal to 104.375% of the principal amount; after March 15, 2020, callable at a redemption price equal to 102.188% of the principal amount; after September 15, 2021, callable at a redemption price equal to 100% of the principal amount | 7 1/4% Senior Notes | | February 2013 | | February 2023 | | Callable at any time prior to February 1, 2018, in whole or in part, at a redemption price equal to 100% of the principal amount, plus a customary make-whole premium; after February 1, 2018, callable at a redemption price equal to 103.625% of the principal amount; after February 1, 2019, callable at a redemption price equal to 102.41% of the principal amount; after February 1, 2020, callable at a redemption price equal to 101.208% of the principal amount; after February 1, 2021, callable at 100% of the principal amount plus accrued and unpaid interest |
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