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Investment in Derivative Instruments | 6 Months Ended
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Mar. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Investment in Derivative Instruments | Investment in Derivative Instruments The Company’s operations expose it to a variety of market risks, including the effects of changes in commodity prices. As part of its risk management process, the Company began entering into commodity swap transactions through regulated commodity exchanges in February 2020. The Company is exposed to interest rate risk related to its ongoing business operations. To manage interest rate exposure, the Company has entered into derivative instruments using interest rate swaps. The objective of entering into interest rate swaps is to eliminate the variability of cash flows associated with movements in interest rates over the life of the loans. The following table represents the approximate amount of realized and unrealized gains (losses) and changes in fair value recognized in earnings on commodity derivative contracts for the three and six months ended March 31, 2020 and the fair value of these derivatives as of March 31, 2020 and September 30, 2019 (in thousands):
|  | For the Three Months Ended March 31, 2020 (unaudited) |  |  |  |  |  | For the Six Months Ended March 31, 2020 (unaudited) |  |  |  |  |
|  | Change in |  |  |  |  |  | Change in |  |  |  |  |
Income Statement Classification |  | Realized Gain (Loss) |  | Unrealized Gain (Loss) |  | Total Gain (Loss) |  | Realized Gain (Loss) |  | Unrealized Gain (Loss) |  | Total Gain (Loss) |
Cost of revenues |  | $ | (21) |  |  |  | $ | — |  |  |  | $ | (21) |  |  |  | $ | (21) |  |  |  | $ | — |  |  |  | $ | (21) |  |
Other income (expense) |  | — |  |  |  | (797) |  |  |  | (797) |  |  |  | — |  |  |  | (797) |  |  |  | (797) |  |
Interest expense, net |  | (24) |  |  |  | (1,532) |  |  |  | (1,556) |  |  |  | (49) |  |  |  | (1,466) |  |  |  | (1,515) |  |
Total |  | $ | (45) |  |  |  | $ | (2,329) |  |  |  | $ | (2,374) |  |  |  | $ | (70) |  |  |  | $ | (2,263) |  |  |  | $ | (2,333) |  |
|  | For the Three Months Ended March 31, 2019 (unaudited) |  |  |  |  |  | For the Six Months Ended March 31, 2019 (unaudited) |  |  |  |
|  | Change in |  |  |  |  |  | Change in |  |  |  |
Income Statement Classification |  | Realized Gain (Loss) |  | Unrealized Gain (Loss) |  | Total Gain (Loss) |  | Realized Gain (Loss) |  | Unrealized Gain (Loss) |  | Total Gain (Loss)
Cost of revenues |  | $ | — |  |  |  | $ | — |  |  |  | $ | — |  |  | $ | — |  |  |  | $ | — |  |  |  | $ | — |
Other income (expense) |  | — |  |  |  | — |  |  |  | — |  |  | — |  |  |  | — |  |  |  | — |
Interest expense, net |  |  | 9 |  |  |  | (106) |  |  |  | (97) |  |  |  | 5 |  |  |  | (331) |  |  |  | (326) |
Total |  |  | $ | 9 |  |  |  | $ | (106) |  |  |  | $ | (97) |  |  | $ | 5 |  |  |  | $ | (331) |  |  |  | $ | (326) |
|  | March 31, 2020 |  | September 30, 2019 |
Balance Sheet Classification |  | (unaudited) |  |  |
Accrued expense and other current liabilities - commodity swaps |  | $ | (588) |  |  | $ | — |  |
Other long-term liabilities - commodity swaps |  | $ | (209) |  |  | $ | — |  |
Other long-term liabilities - interest rate swaps |  |  | $ | (1,777) |  |  |  | $ | (311) |  |
Net gain (loss) position |  | $ | (2,574) |  |  |  | $ | (311) |  |  |

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- References No definition available. + Details
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- Definition The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -URI http://asc.fasb.org/topic&trid=2229140 + Details
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