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Commitments | 9 Months Ended
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Jun. 30, 2025
Commitments and Contingencies Disclosure [Abstract] |
Commitments | Commitments Letters of Credit Under the Revolving Credit Facility, the Company had a total capacity of $500.0 million at June 30, 2025 that may be used for a combination of cash borrowings and letter of credit issuances. At June 30, 2025, the Company had aggregate letters of credit outstanding in the amount of $6.5 million, primarily related to certain insurance policies as described in Note 2 - Significant Accounting Policies. Purchase Commitments As of June 30, 2025, the Company had unconditional purchase commitments for diesel fuel and natural gas in the normal course of business in the aggregate amount of $2.2 million. Management does not expect any significant changes in the market value of these goods during the commitment period that would have a material adverse effect on the financial condition, results of operations or cash flows of the Company. As of June 30, 2025, the Company’s purchase commitments for the remainder of fiscal 2025 and for fiscal 2026 were as follows (unaudited, in thousands):
Fiscal Year |  | Amount
Remainder of 2025 |  | $ | 952 |
2026 |  | 1,264 |
Total |  | $ | 2,216 |
Minimum Royalties The Company has lease agreements associated with aggregates facilities under which the Company makes royalty payments. These agreements are outside the scope of Topic 842. The payments are generally based on tons sold in a particular period; however, certain agreements have minimum annual payments. The Company had commitments in the form of minimum royalties as of June 30, 2025 in the amount of $3.5 million, due as follows (unaudited, in thousands):
Fiscal Year |  | Amount
Remainder of 2025 |  | $ | 11 |
2026 |  | 396 |
2027 |  | 384 |
2028 |  | 359 |
2029 |  | 347 |
Thereafter |  | 1,977 |
Total |  | $ | 3,474 |
Royalty expense recorded in cost of revenue was $0.8 million and $0.5 million for the three months ended June 30, 2025 and 2024, respectively, and $2.2 million and $1.3 million for the nine months ended June 30, 2025 and 2024, respectively.

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- Definition The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 440 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/440/tableOfContent + Details
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