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Investments | 9 Months Ended
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Jun. 30, 2020
Investments, Debt and Equity Securities [Abstract] |
Investments | Investments Non-current investments consisted of the following:
| June 30, 2020 |  | September 30, 2019
Equity and fixed income mutual funds | $ | 24,119 |  |  | $ | 22,986 |
Life insurance policies | 4,100 |  |  | 4,030 |
Equity-method investments | 386 |  |  | 39,761 |
Other investments | 33,463 |  |  | 18,724 |
| $ | 62,068 |  |  | $ | 85,501 |
During the first six months of fiscal 2020, the Company made $9,482 of additional investments in a non-consolidated subsidiary that was being accounted for as an equity-method investment. During the third quarter of fiscal 2020, the Company sold its ownership interest in this subsidiary for $42,210 of cash and $15,000 of senior preferred shares. The senior preferred shares earn a yield based on an escalating rate ranging from 6% to 14% and are expected to be redeemed before the end of calendar year 2022. In connection with this sale transaction, the Company recognized a pre-tax gain of $11,208 which has been recorded as a component of administrative expenses. The senior preferred shares are included within other investments in the table above along with ownership interests in various entities of less than 20%, which are recorded under the cost-method of accounting.

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