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Note 6 - Derivative Instruments | 12 Months Ended
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Sep. 30, 2025
Notes to Financial Statements |
Derivative Instruments and Hedging Activities Disclosure [Text Block] | 6. Derivative Instruments Net gains and losses related to foreign exchange contracts are recorded as a component of “Other income (expense)” in the Consolidated Statements of Operations and are as follows for the fiscal years ended September 30, 2025, 2024 and 2023 (in thousands):
|  | Year Ended September 30, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
Realized losses on derivatives not designated as hedging instruments |  | $ | (4,103 | ) |  | $ | (2,808 | ) |  | $ | (1,174 | )
The notional amounts of the Company’s derivative instruments as of September 30, 2025 and 2024 were as follows (in thousands):
|  |  | Year Ended September 30, |
| Hedge Designation |  | 2025 |  |  | 2024 |
Cross-currency swap | Net Investment Hedge |  | $ | 260,025 |  |  | $ | 75,978 |
Foreign exchange contracts | Undesignated |  |  | 44,603 |  |  |  | 60,101 |
The fair value of derivative instruments are as follows at September 30, 2025 and 2024 (in thousands):
|  | Fair Value of Assets |  |  | Fair Value of Liabilities |
As of September 30, |  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Derivatives designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cross-currency swap |  | $ | — |  |  | $ | — |  |  | $ | (33,420 | ) |  | $ | (1,915 | )
Derivatives not designated as hedging instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts |  | $ | 21 |  |  | $ | 9 |  |  | $ | (120 | ) |  | $ | (213 | )
Total fair value |  | $ | 21 |  |  | $ | 9 |  |  | $ | (33,540 | ) |  | $ | (2,128 | )
Hedging Activities On February 1, 2023, the Company entered into a cross-currency swap agreement to hedge the variability of exchange rate impacts between the U.S. dollar and the Euro. Under the terms of the cross-currency swap agreement, the Company notionally exchanged $436.0 million for €400.0 million at a weighted average interest rate of 1.66%. The Company designated the cross-currency swap as a hedge of net investments against one of its Euro denominated subsidiaries, which requires an exchange of the notional amounts at maturity. At the maturity of the cross currency-swap on February 1, 2024, the Company delivered a notional amount of €400.0 million and received a notional amount of $436.0 million at a Euro to U.S. dollar exchange rate of 1.09, which included a gain of $1.4 million. On February 1, 2024, the Company entered into another cross-currency swap agreement to hedge the variability of exchange rate impacts between the U.S. dollar and the Euro. Under the terms of the cross-currency swap agreement, the Company notionally exchanged $76.0 million for €70.0 million at a weighted average interest rate of 1.44%. The Company designated the cross-currency swap as a hedge of net investments against one of its Euro denominated subsidiaries, which requires an exchange at maturity of the notional amounts. At the maturity of the cross currency-swap on February 3, 2025, the Company delivered a notional amount of €70.0 million and received a notional amount of $73.0 million at a Euro to U.S. dollar exchange rate of 1.0419, which included a gain of $3.0 million. On February 3, 2025, the Company entered into another cross-currency swap agreement to hedge the variability of exchange rate impacts between the U.S. dollar and the Euro. Under the terms of the cross-currency swap agreement, the Company notionally exchanged $260.0 million for €250.0 million at a weighted average interest rate of 1.80%. The Company designated the cross-currency swap as a hedge of net investments against one of its Euro denominated subsidiaries, which requires an exchange of the notional amounts at maturity on February 2, 2026. The cross-currency swaps were $33.4 million and $1.9 million and recorded within a “Derivative liability” as of September 30, 2025 and September 30, 2024, respectively, in the Consolidated Balance Sheets. The outstanding cross-currency swap is marked to market at each reporting period, representing the fair value of the cross-currency swap, any changes in fair value are recognized as a component of “Accumulated other comprehensive income (loss)” in the Consolidated Balance Sheets. The cross-currency swap is classified within Level 2 of the fair value hierarchy, described in Note 2, Summary of Significant Accounting Policies and in Note 15, Fair Value Measurements below. Interest earned on the cross-currency swap is recorded within “Interest income, net” in the Consolidated Statements of Operations. For the fiscal years ended September 30, 2025 and 2024, the Company recorded interest income of $3.4 million and $3.1 million, respectively, on these instruments.

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