XML 63 R47.htm IDEA: XBRL DOCUMENT
v3.24.3

DERIVATIVES AND HEDGING ACTIVITIES (Tables) | 12 Months Ended
--- | ---
Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
Schedule of Interest Rate Swap Contracts Reflected in Consolidated Balance Sheets | At September 30, 2024 and 2023, derivative instruments were reflected on a gross-basis in the consolidated balance sheets as follows:
Derivatives: | September 30, 2024 |  | September 30, 2023
| Interest Rate Swaps | Cross-Currency Swaps |  | Interest Rate Swaps | Cross-Currency Swaps
Current assets: |  |  |  |  |
Other current assets | $ | — |  | $ | — |  |  | $ | 920 |  | $ | — |
Long-term assets: |  |  |  |  |
Other assets | — |  | — |  |  | 3,086 |  | — |
Current liabilities: |  |  |  |  |
Other current liabilities | (863) |  | (18,042) |  |  | — |  | — |
Long-term liabilities: |  |  |  |  |
Other liabilities | (1,743) |  | (48,925) |  |  | — |  | (2,766) |
Total derivatives (1) | $ | (2,606) |  | $ | (66,967) |  |  | $ | 4,006 |  | $ | (2,766) |
(1) Fiscal 2024 cross-currency swaps amount includes $58,432 of partial advance payments received from the counterparties to certain swap contracts (see below).
Schedule of Interest Rate Contracts | The following table presents information related to interest rate swaps entered into by the Company and designated as cash flow hedges:
|  | September 30, 2024 |  | September 30, 2023
Notional amount |  | $ | 175,000 |  |  | $ | 175,000 |
Weighted-average maturity period (years) |  | 3.2 |  | 4.1
Weighted-average received rate |  | 4.85 | % |  | 5.32 | %
Weighted-average pay rate |  | 3.83 | % |  | 3.83 | %
The following table presents information related to cross currency swaps entered into by the Company and designated as net investment hedges:
|  | Notional Amount |  | Unrealized Losses Recognized in AOCI |
Swap Currencies | Maturity Date | September 30, 2024 | September 30, 2023 |  | September 30, 2024 |  | September 30, 2023 |
USD/EUR | September 2027 | $ | 81,392 |  | $ | 81,392 |  |  | $ | (5,440) |  |  | $ | (2,065) |  |
USD/SEK | June 2025 | 20,000 |  | — |  |  | (468) |  |  | — |  |
USD/SGD | August 2026 | 20,000 |  | — |  |  | (441) |  |  | — |  |
USD/EUR | August 2026 | 25,000 |  | — |  |  | (30) |  |  | — |  |
|  | $ | 146,392 |  | $ | 81,392 |  |  | $ | (6,379) |  | (1) | $ | (2,065) |  | (1)
(1) Total unrealized losses are presented net of tax of $2,156 and $701, for the years ended September 30, 2024 and 2023, respectively.

X
- References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
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 -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types: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 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 815 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1B Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-8 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-5 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration