XML 54 R39.htm IDEA: XBRL DOCUMENT
v3.20.2

LONG-TERM DEBT (Tables) | 12 Months Ended
--- | ---
Sep. 30, 2020
Debt Disclosure [Abstract] |
Long-Term Debt | Long-term debt at September 30, 2020 and 2019 consisted of the following:
| 2020 |  | 2019
Revolving credit facilities | $ | 416,793 |  |  | $ | 476,132 |
Securitization facility | 67,700 |  |  | 93,950 |
Senior secured term loan | 22,359 |  |  | 53,497 |
2025 Senior Notes | 297,256 |  |  | 296,716 |
Notes payable to banks | — |  |  | 16,376 |
Other borrowings | 20,742 |  |  | 395 |
Finance lease obligations | 9,684 |  |  | 3,631 |
| 834,534 |  |  | 940,697 |
Less current maturities | (26,824) |  |  | (42,503) |
| $ | 807,710 |  |  | $ | 898,194 |
Interest Rate Contracts | The following table presents information related to interest rate contracts entered into by the Company and designated as cash flow hedges:
|  | September 30, 2020 |  | September 30, 2019
Pay fixed swaps - notional amount |  | $ | 312,500 |  |  | $ | 293,750 |
Net unrealized loss |  | $ | (7,792) |  |  | $ | (534) |
Weighted-average maturity period (years) |  | 2.6 |  | 1.9
Weighted-average received rate |  | 0.15 | % |  | 2.02 | %
Weighted-average pay rate |  | 1.34 | % |  | 1.41 | %
Interest Rate Swap Contracts Reflected in Consolidated Balance Sheets | At September 30, 2020 and 2019, the interest rate swap contracts were reflected on a gross-basis in the consolidated balance sheets as follows:
Derivatives: | 2020 |  | 2019
Current assets: |  |  |
Other current assets | $ | — |  |  | $ | 548 |
Long-term assets: |  |  |
Other assets | — |  |  | 297 |
Current liabilities: |  |  |
Other current liabilities | (3,164) |  |  | (484) |
Long-term liabilities: |  |  |
Other liabilities | (4,628) |  |  | (895) |
Total derivatives | $ | (7,792) |  |  | $ | (534) |
Gains (Losses) Recognized on Derivatives | The (losses) gains recognized on derivatives was as follows:
Derivatives in Cash Flow Hedging Relationships |  | Location of (Loss) Gain Recognized in Income on Derivatives |  | Amount of (Loss) Gain Recognized in Income on Derivatives
|  |  |  | 2020 |  | 2019 |  | 2018
Interest rate swaps |  | Interest expense |  | $(861) |  | $3,181 |  | $1,380
The Company recognized the following (losses) gains in AOCI:
Derivatives in Cash Flow Hedging Relationships |  | Amount of (Loss) Gain Recognized in AOCI on Derivatives |  | Location of (Loss) Gain Reclassified from AOCI into Income |  | Amount of (Loss) Gain Reclassified from AOCI into Income (Effective Portion*)
|  | 2020 |  | 2019 |  | 2018 |  | (Effective Portion*) |  | 2020 |  | 2019 |  | 2018
Interest rate swaps |  | $(6,130) |  | $(6,540) |  | $6,095 |  | Interest expense |  | $(650) |  | $2,402 |  | $1,042
* There is no ineffective portion or amount excluded from effectiveness testing. |  |
Aggregate Maturities of Long-Term Debt | Aggregate maturities by fiscal year of long-term debt, including other borrowings, is as follows:
2021 | $ | 55,564 |  | (a)
2022 | 68,650 |  |
2023 | 979 |  |
2024 | 979 |  |
2025 | 395,816 |  |
Thereafter | 302,862 |  |
| 824,850 |  |
Finance lease obligations | 9,684 |  | (b)
| $ | 834,534 |  |
(a) The Company maintains certain debt facilities with current maturity dates in fiscal 2021 that it intends and has the ability to extend beyond fiscal 2021 totaling $32,255. These balances have been classified as non-current on the Company's Consolidated Balance Sheet. (b) Aggregate maturities of finance lease obligations can be found in Note 10, "Leases."

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4E -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624181-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5618551-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624163-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624163-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5580258-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121590274&loc=d3e41620-113959 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5579245-113959 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=121590274&loc=d3e41638-113959 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=121590274&loc=d3e41678-113959 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=121590274&loc=d3e41641-113959 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5624171-113959 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121590274&loc=SL5579240-113959 + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration