XML 32 R17.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Senior Notes | 12 Months Ended
--- | ---
Sep. 30, 2016
Debt Disclosure [Abstract] |
Senior Notes | Senior Notes On May 7, 2008, we issued $275 million of senior notes in a private placement to a group of institutional investors (the “2008 Senior Notes”). The 2008 Senior Notes were issued in four series as follows:
Series | Amount | Interest Rate | Maturity Date
| (In millions) |  |
A | $ | 41.0 |  | 6.37 | % | May 7, 2013
B | $ | 40.0 |  | 6.37 | % | May 7, 2015
C | $ | 63.0 |  | 6.71 | % | May 7, 2015
D | $ | 131.0 |  | 7.18 | % | May 7, 2018
On July 14, 2010, we issued $245 million of senior notes in a private placement to a group of institutional investors (the “2010 Senior Notes” and, with the 2008 Senior Notes, the “Senior Notes”). The 2010 Senior Notes were issued in four series as follows:
Series | Amount | Interest Rate | Maturity Date
| (In millions) |  |
E | $ | 60.0 |  | 4.72 | % | July 14, 2016
F | $ | 72.0 |  | 5.04 | % | July 14, 2017
G | $ | 28.0 |  | 5.42 | % | July 14, 2019
H | $ | 85.0 |  | 5.59 | % | July 14, 2020
We were and are required to pay the entire unpaid principal balances of each note series on its maturity date except for Series B notes, which required annual principal payments of $8.0 million starting on May 7, 2011 and ending on May 7, 2015. The Senior Notes require interest payments semi-annually and contain certain restrictive covenants, including the maintenance of consolidated net debt to consolidated EBITDA ratio and a fixed charge coverage ratio. The purchase agreements for the Senior Notes also contain certain covenants typical of unsecured facilities. As of September 30, 2016, we were in compliance with all financial covenants. The following table presents the principal amounts, carrying amounts and fair values for the Senior Notes at September 30, 2016 and 2015:
| September 30, 2016 |  | September 30, 2015
| Principal |  | Carrying Amounts |  | Fair Value |  | Principal |  | Carrying Amounts |  | Fair Value
| (In thousands) |  | (In thousands)
The 2008 Senior Notes | $ | 131,000 |  |  | $ | 131,000 |  |  | $ | 139,902 |  |  | $ | 131,000 |  |  | $ | 131,000 |  |  | $ | 144,009 |
The 2010 Senior Notes | $ | 185,000 |  |  | $ | 185,000 |  |  | $ | 195,715 |  |  | $ | 245,000 |  |  | $ | 245,000 |  |  | $ | 257,563 |
We measure the fair value of the Senior Notes based on Level 2 inputs, which include quoted market prices and interest rate spreads of similar securities. Future principal payments for the Senior Notes are as follows (in thousands):
Year Ended September 30, |
2017 | $ | 72,000 |
2018 | 131,000 |
2019 | 28,000 |
2020 | 85,000 |
Total | $ | 316,000 |

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for long-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_LongTermDebtTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration