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Debt (Tables)

3 Months Ended

Dec. 31, 2024

Debt Disclosure [Abstract]

Schedule of Debt

						December 31, 2024																		September 30, 2024
						Interest Rate						Maturity Date						Carrying Value of Debt(6)						Carrying Value of Debt(6)
Revolving Credit Facility(1)						6.21		%				Nov 2027						$	51,000					$	56,000
Avondale Term Loan(2)						6.60		%				May 2028						28,169						28,390
Lisle Term Loan(3)						6.55		%				Apr 2029						36,710						36,929
Finance lease(4)						6.02		%				Jan 2029						4,546						4,768
Total debt																		120,425						126,087
Debt issuance costs presented with debt (5)																		(360)						(383)
Total debt, net																		120,065						125,704
Less: current portion of long-term debt																		(2,738)						(2,697)
Long-term debt																		$	117,327					$	123,007

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

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

(3)    Interest on the Lisle Term Loan (as defined below) accrues at a rate equal to one-month 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 7 for additional details on our finance lease.

(5)    The unamortized debt issuance costs 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 the remainder of 2025 and for each fiscal year through the period ended September 30, 2029, and thereafter were as follows at December 31, 2024:

Maturity						Revolving Credit Facility & Term Loans						Finance Lease						Total
Remainder of 2025						$	1,323					$	712					$	2,035
2026						1,837						1,029						2,866
2027						52,909						1,131						54,040
2028						26,610						1,239						27,849
2029						33,200						435						33,635
Thereafter						—						—						—
Subtotal						115,879						4,546						120,425
Debt issuance costs presented with debt						(360)						—						(360)
Total						$	115,519					$	4,546					$	120,065

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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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