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Long-Term Debt and Bank Facility Borrowings (Tables)

12 Months Ended

Sep. 30, 2019

Debt Disclosure [Abstract]

Company's Debt

The Company's debt is as follows		September 30,
(in thousands):		2019								2018
		Carrying								Carrying
		Amount				Fair Value (a)				Amount				Fair Value
Revolving Credit Facility Borrowings		$	61,500			$	61,500			$	1,500			$	1,500
Senior Secured Term Loan (b)			91,947				92,500				99,280				100,000
Total debt		$	153,447			$	154,000			$	100,780			$	101,500
Total short-term portion of debt (c)		$	33,000			$	33,000			$	9,000			$	9,000
Total long-term portion of debt (c)		$	120,447			$	121,000			$	91,780			$	92,500

(a) The face amount of the Company’s variable rate long-term debt approximates fair value.   

(b) Carrying amounts are net of unamortized debt issuance costs of $0.6 million as of September 30, 2019 and $0.7 million as of September 30, 2018.

(c) On December 4, 2019, the Company refinanced its five-year term loan and the revolving credit facility with the execution of the fifth amended and restated revolving credit facility agreement. (See Note 21—Subsequent Events). As of September 30, 2019, the Company has classified $37.5 million of its revolving credit facility borrowings as long term debt and repaid it on December 4, 2019 using proceeds provided by the fifth amended and restated revolving credit facility agreement

Maturities Including Working Capital Borrowings and Expected Repayments Due to Excess Cash Flow

As of September 30, 2019, the maturities (including working capital borrowings and expected repayments due to Excess Cash Flow) during fiscal years ending September 30, considering the terms of our fifth amended and restated credit agreement, are set forth in the following table (in thousands):

2020		$	9,000
2021		$	13,000
2022		$	13,000
2023		$	13,000
2024		$	13,000
Thereafter		$	93,000

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented.

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