XML 55 R43.htm IDEA: XBRL DOCUMENT v3.25.3

Short-Term Borrowings and Long-Term Debt (Tables)

12 Months Ended

Sep. 30, 2025

Debt Disclosure [Abstract]

Schedule of Long-term Debt

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

		September 30, 2025
		(Amounts in thousands)
Mortgage facility payable to Flagship Bank bearing interest at 6.25% (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.		$	4,915
Mortgage facility payable to Seacoast National Bank bearing interest at 6.40% (SOFR plus 225 basis points). Requires monthly interest payments for the first year and then monthly principal and interest payments with a balloon payment of approximately $10.0 million due September 2031.			14,020
Mortgage facility payable to Hancock Whitney Bank bearing interest at 6.63% (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%.			19,452
Mortgage facility payable to M&T Bank bearing interest at 6.37% (SOFR plus 220 basis points). Requires quarterly principal and interest payments. Facility matures in August 2027.			36,083
Term loan payable to M&T Bank bearing interest at 6.0%. Requires quarterly principal and interest payments. Facility matures in August 2027.			317,500
Loan payable to TRANSPORT S.a.s di Taula Vittorio & C. bearing interest at 5.44%. Requires quarterly principal and interest payments. Facility matures in December 2030.			1,226
Total long-term debt			393,196
Less: current portion			(35,593	)
Less: unamortized portion of debt issuance costs			(1,368	)
Long-term debt, net current portion and unamortized debt issuance costs		$	356,235

		September 30, 2024
		(Amounts in thousands)
Mortgage facility payable to Flagship Bank bearing interest at 7.00% (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.		$	5,411
Mortgage facility payable to Seacoast National Bank bearing interest at 7.09% (SOFR plus 220 basis points). Requires monthly interest payments for the first year and then monthly principal and interest payments with a balloon payment of approximately $10.0 million due September 2031.			15,378
Mortgage facility payable to Hancock Whitney Bank bearing interest at 7.38% (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%.			21,366
Revolving mortgage facility with FineMark National Bank & Trust bearing interest at 7.75% (prime minus 25 basis points with a floor of 3.00%). Facility matures in October 2027. Current available borrowings under the facility were approximately $21.0 million at September 30, 2024.			—
Term loan payable to M&T Bank bearing interest at 6.67%. Requires quarterly principal and interest payments. Facility matures in August 2027.			347,500
Loan payable to TRANSPORT S.a.s di Taula Vittorio & C. bearing interest at 7.21%. Requires quarterly principal and interest payments. Facility matures in December 2030.			1,531
Total long-term debt			391,186
Less: current portion			(33,766	)
Less: unamortized portion of debt issuance costs			(1,514	)
Long-term debt, net current portion and unamortized debt issuance costs		$	355,906

Summary of Aggregate Maturities of Long Term Debt

As of September 30, 2025, the aggregate maturities of long-term debt by fiscal year are summarized as follows:

		(Amounts in thousands)
2026		$	35,593
2027			329,445
2028			16,984
2029			1,357
2030			8,591
Thereafter			1,226
Total long-term debt		$	393,196

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:	dtr-types: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
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-1

+ Details

Name:	us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration