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Short-Term Borrowings and Long-Term Debt (Tables)
 9 Months Ended
Jun. 30, 2023
Debt Disclosure [Abstract]  
Schedule of Long-term Debt

The below table summarizes the Company's long-term debt.

 

 

September 30, 2022

 

 

June 30, 2023

 

 

 

(Amounts in thousands)

 

Mortgage facility payable to Flagship Bank bearing interest at 7.25% as of June 30,
   2023 (prime minus 100 basis points with a floor of 2.00%). Requires monthly principal
   and interest payments with a balloon payment of approximately $4.0 million due
   August 2027.

 

$

6,403

 

 

$

6,031

 

Mortgage facility payable to Seacoast National Bank bearing interest at 7.63% as of
   June 30, 2023 (greater of 3.00% or prime minus 62.5 basis points). Requires
   monthly interest payments for the first year and then monthly principal and interest
   payments with a balloon payment of approximately $6.0 million due September 2031.

 

 

17,098

 

 

 

17,060

 

Mortgage facility payable to Hancock Whitney Bank bearing interest at 7.63% as of
   June 30, 2023 (prime minus 62.5 basis points with a floor of 2.25%). Requires
   monthly principal and interest payments with a balloon payment of approximately
   $15.5 million due November 2027. 50% of the outstanding borrowings are hedged
   with an interest rate swap contract with a fixed rate of 3.20%.

 

 

25,192

 

 

 

23,757

 

Revolving mortgage facility with FineMark National Bank & Trust bearing interest at
   8.00% as of June 30, 2023 (base minus 25 basis points with a floor of 3.00%).
   Facility matures in October 2027. Current available borrowings under the facility
   were approximately $23.2 million at June 30, 2023.

 

 

—

 

 

 

—

 

Term loan payable to M&T Bank bearing interest at 6.67% as of June 30,
   2023. Requires quarterly principal and interest payments. Facility matures in August 2027.

 

 

—

 

 

 

385,000

 

Loan payable to TRANSPORT S.a.s di Taula Vittorio & C. bearing interest
   at 6.55% as of June 30, 2023. Requires quarterly principal and interest payments.
   Facility matures in December 2030.

 

 

—

 

 

 

1,496

 

Total long-term debt

 

 

48,693

 

 

 

433,344

 

Less: current portion

 

 

(2,882

)

 

 

(32,409

)

Less: unamortized portion of debt issuance costs

 

 

(510

)

 

 

(1,706

)

Long-term debt, net current portion and unamortized debt issuance costs

 

$

45,301

 

 

$

399,229