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Debt (Tables)

9 Months Ended

Jun. 30, 2023

Debt Disclosure [Abstract]

Schedule of Debt

						June 30, 2023																		September 30, 2022
						Interest Rate						Maturity Date						Carrying Value of Debt(6)						Carrying Value of Debt(6)
Revolving Credit Facility(1)						7.41		%				Nov 2025						$	90,000					$	—
Avondale Term Loan(2)						7.21		%				May 2028						29,464						30,083
Lisle Term Loan(3)						7.16		%				Apr 2029						37,937						38,000
Finance lease(4)						6.02		%				Various						5,799						23
Total debt																		163,200						68,106
Debt issuance costs presented with debt (5)																		(497)						(568)
Total debt, net																		162,703						67,538
Less: current portion of long-term debt																		(2,478)						(1,115)
Long-term debt																		$	160,225					$	66,423

(1)     Interest on the Revolving Credit Facility (as defined below) accrues at annual rate equal to Term SOFR plus a margin of 2.0% and a lender specific spread of 0.15%.

(2)    Interest on the Avondale Term Loan (as defined below) accrues at annual rate equal to Term SOFR plus 2.0% and a tranche adjustment of 0.046%.

(3)    Interest on the Lisle Term Loan (as defined below) accrues at annual rate equal to Term SOFR plus 2.0%.

(4)    The finance lease is related to a facility lease with an annual interest rate of 6.02% that matures in 2029. See Note 11 for additional details on our finance lease.

(5)    The unamortized debt issuance costs as of June 30, 2023 relate to the Avondale Term Loan and the Lisle Term Loan.

(6)    The Credit Facility, Term Loans and finance leases bear interest at rates commensurate with market rates, and therefore, the respective carrying values approximate fair value (Level 2).

Schedule of Maturities of Long-term Debt

Scheduled principal payments due on our debt for the remainder of 2023 and for each year through the period ended September 30, 2027, and thereafter were as follows at June 30, 2023:

Maturity						Revolving Credit Facility & Term Loans						Finance Lease						Total
Remainder of 2023						$	409					$	198					$	607
2024						1,672						844						2,516
2025						71,763						932						72,695
2026						21,836						1,027						22,863
2027						1,909						1,128						3,037
Thereafter						59,812						1,670						61,482
Subtotal						157,401						5,799						163,200
Debt issuance costs presented with debt						(497)						—						(497)
Total						$	156,904					$	5,799					$	162,703

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- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

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Tabular disclosure of maturity and sinking fund requirement for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481544/470-10-50-1

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