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Note 10 - Other Comprehensive Income (Loss)

6 Months Ended

Mar. 31, 2022

Notes to Financial Statements

Comprehensive Income (Loss) Note [Text Block]

10. Other Comprehensive Income (Loss)

A summary of other comprehensive income and loss is provided below:

						Tax
		Before-Tax				(Expense)				Net-of-Tax
		Amount				or Benefit				Amount
Three Months Ended March 31, 2022
Interest rate swaps:
Unrealized gains		$	1,903,875			$	(490,057	)		$	1,413,818
Transfer of realized losses to interest expense			163,860				(42,179	)			121,681
Net interest rate swaps			2,067,735				(532,236	)			1,535,499
Defined benefit plans:
Amortization of actuarial gains			(15,070	)			3,879				(11,191	)
Other comprehensive income		$	2,052,665			$	(528,357	)		$	1,524,308
Three Months Ended March 31, 2021
Interest rate swaps:
Unrealized gains		$	529,356			$	(136,257	)		$	393,099
Transfer of realized losses to interest expense			136,270				(35,075	)			101,195
Net interest rate swaps			665,626				(171,332	)			494,294
Defined benefit plans:
Amortization of actuarial losses			20,017				(5,153	)			14,864
Other comprehensive income		$	685,643			$	(176,485	)		$	509,158

						Tax
		Before-Tax				(Expense)				Net-of-Tax
		Amount				or Benefit				Amount
Six Months Ended March 31, 2022
Interest rate swaps:
Unrealized gains		$	2,219,858			$	(571,390	)		$	1,648,468
Transfer of realized losses to interest expense			335,723				(86,418	)			249,305
Net interest rate swaps			2,555,581				(657,808	)			1,897,773
Defined benefit plans:
Amortization of actuarial gains			(30,140	)			7,758				(22,382	)
Other comprehensive income		$	2,525,441			$	(650,050	)		$	1,875,391
Six Months Ended March 31, 2021
Interest rate swaps:
Unrealized gains		$	619,126			$	(159,364	)		$	459,762
Transfer of realized losses to interest expense			273,708				(70,451	)			203,257
Net interest rate swaps			892,834				(229,815	)			663,019
Defined benefit plans:
Amortization of actuarial losses			40,034				(10,306	)			29,728
Other comprehensive income		$	932,868			$	(240,121	)		$	692,747

The amortization of actuarial gains and losses, reflected in the preceding table, relate to the unregulated operations of the Company. Actuarial gains and losses attributable to the regulated operations are included as a regulatory asset. See Note 16 for a schedule of regulatory assets. The amortization of actual gains and losses is recognized as a component of net periodic pension and postretirement benefit costs under other income, net.

Reconciliation of Accumulated Other Comprehensive Income (Loss)

										Accumulated
										Other
		Interest Rate				Defined Benefit				Comprehensive
		Swaps				Plans				Income (Loss)
Balance at September 30, 2021		$	(888,210	)		$	(647,224	)		$	(1,535,434	)
Other comprehensive income (loss)			1,897,773				(22,382	)			1,875,391
Balance at March 31, 2022		$	1,009,563			$	(669,606	)		$	339,957

X

- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-URI https://asc.fasb.org/topic&trid=2134417

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

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- References

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