XML 21 R8.htm IDEA: XBRL DOCUMENT v2.4.1.9
Debt
3 Months Ended
Dec. 31, 2014
Debt [Abstract]  
Debt

3.  DEBT

At December 31, 2014 and September 30, 2014, our long-term debt balance of $10,208 relates to amounts drawn on our revolving credit facility, which matures on August 9, 2018. Our interest rate on these borrowings was 3.38% at December 31, 2014 and 3.25% at September 30, 2014.  At December 31, 2014, we also had $6,918 in outstanding letters of credit, and total availability of $18,049 under this facility.  There have been no changes to the financial covenants disclosed in Item 7 of our Annual Report on Form 10-K for the year ended September 30, 2014, and the Company was in compliance with all covenants at December 31, 2014. At December 31, 2014, the carrying value of amounts outstanding on our revolving loan approximated fair value, as debt incurs interest at a variable rate. The fair value of the debt is classified as a level 2 measurement.