XML 20 R8.htm IDEA: XBRL DOCUMENT v3.8.0.1
Debt
6 Months Ended
Mar. 31, 2018
Debt [Abstract]  
Debt

3.  DEBT

At March 31, 2018, and September 30, 2017, our long-term debt of $29,570 and $29,434, respectively, primarily related to amounts drawn on our revolving credit facility. Our weighted-average annual interest rate on these borrowings was 3.53% at March 31, 2018, and 3.04% at September 30, 2017. At March 31, 2018, we also had $6,408 in outstanding letters of credit and total availability of $43,738 under this facility without violating our financial covenants.

There have been no changes to the financial or other covenants disclosed in Item 7 of our Annual Report on Form 10-K for the year ended September 30, 2017. The Company was in compliance with the financial covenants as of March 31, 2018.

At March 31, 2018, the carrying value of amounts outstanding on our revolving credit facility approximated fair value, as debt incurs interest at a variable rate. The fair value of the debt is classified as a Level 2 measurement.