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Debt (Tables)

12 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

Schedule of Debt

						September 30, 2024																		September 30, 2023
						Interest Rate						Maturity Date						Carrying Value of Debt (6)						Carrying Value of Debt (6)
Revolving Credit Facility(1)						6.81		%				Nov 2027						$	56,000					$	90,000
Avondale Term Loan(2)						7.24		%				May 2028						28,390						29,251
Lisle Term Loan(3)						7.20		%				Apr 2029						36,929						37,740
Finance lease(4)						6.02		%				Jan 2029						4,768						5,601
Total debt																		126,087						162,592
Debt issuance costs presented with debt (5)																		(383)						(475)
Total debt, net																		125,704						162,117
Less: current portion of long-term debt																		(2,697)						(2,517)
Long-term debt																		$	123,007					$	159,600

(1)     Interest on the Revolving Credit Facility (as defined below) accrues at annual rate equal to Term SOFR plus a margin of 1.85%.

(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 the Term SOFR plus 2.0%.

(4)    The finance lease balance as of September 30, 2024 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 leases.

(5)    The unamortized debt issuance costs as of September 30, 2024 relate to the Avondale Term Loan and the Lisle Term Loan.

(6)    The Revolving Credit Facility, Avondale Term Loan, Lisle Term Loan 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 each year through the period ended September 30, 2029, and thereafter were as follows at September 30, 2024:

Maturity						Revolving Credit Facility & Term Loans						Finance Leases						Total
2025						$	1,763					$	934					$	2,697
2026						1,837						1,029						2,866
2027						57,909						1,131						59,040
2028						26,610						1,239						27,849
2029						33,200						435						33,635
2030 and thereafter						—						—						—
Subtotal						121,319						4,768						126,087
Debt issuance costs presented with debt						(383)						—						(383)
Total						$	120,936					$	4,768					$	125,704

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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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