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Debt (Tables)

3 Months Ended

Dec. 31, 2020

Debt Disclosure [Abstract]

Schedule of Long-Term Debt

Long-term debt at December 31, 2020 and September 30, 2020 consisted of the following:

			December 31, 2020						September 30, 2020
Revolving credit facilities			$	413,483					$	416,793
Securitization facility			64,300						67,700
Senior secured term loan			22,406						22,359
2025 Senior Notes			297,391						297,256
Other borrowings			18,112						20,742
Finance lease obligations			8,939						9,684
			824,631						834,534
Less current maturities			(26,826)						(26,824)
			$	797,805					$	807,710

Interest Rate Contracts

The following table presents information related to interest rate contracts entered into by the Company and designated as cash flow hedges:

						December 31, 2020						September 30, 2020
Pay fixed swaps - notional amount						$	262,500					$	312,500
Net unrealized loss						$	(6,422)					$	(7,792)
Weighted-average maturity period (years)						2.8						2.6
Weighted-average received rate						0.14		%				0.15		%
Weighted-average pay rate						1.31		%				1.34		%

Interest Rate Swap Contracts as Reflected on Balance Sheet

At December 31, 2020 and September 30, 2020, the interest rate swap contracts were reflected in the Consolidated Balance Sheets as follows:

Derivatives						December 31, 2020						September 30, 2020
Current liabilities:
Other current liabilities						$	(2,889)					$	(3,164)
Long-term liabilities:
Other liabilities						(3,533)						(4,628)
Total derivatives						$	(6,422)					$	(7,792)

Gain (Loss) on Derivatives

The (losses) gains recognized on derivatives were as follows:

Derivatives in Cash Flow Hedging Relationships						Location of (Loss) Gain Recognized in Income on Derivative						Amount of (Loss) Gain Recognized in Income on Derivatives
																																	Three Months Ended December 31,
																																	2020						2019
Interest rate swaps						Interest expense						$	(903)					$	364

The Company recognized the following (losses) gains in AOCI:

Derivatives in Cash Flow Hedging Relationships						Amount of Gain Recognized in AOCI on Derivatives												Location of (Loss) Gain Reclassified From AOCI into Income (Effective Portion*)						Amount of (Loss) Gain Reclassified from AOCI into Income (Effective Portion*)
						December 31, 2020						December 31, 2019												December 31, 2020						December 31, 2019
Interest rate swaps						$	353					$	566					Interest expense						$	(682)					$	275
*There is no ineffective portion or amount excluded from effectiveness testing.

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