Long-Term Debt and Lines of Credit (Tables)
|
6 Months Ended |
Mar. 31, 2017 |
|---|
| Debt Disclosure [Abstract] |
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| Schedule of long-term debt, net of current portion |
The following table summarizes long-term debt and related deferred financing costs net of accumulated amortization at March 31, 2017 and September 30, 2016:
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March 31, 2017 |
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September 30, 2016 |
|
Principal |
|
Deferred Financing Costs, Net |
|
Principal |
|
Deferred Financing Costs, Net |
|
(in thousands) |
|
|
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Long-term debt, net of current portion: |
|
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|
|
|
|
|
Met Fixed-Rate Term Loans |
$ |
102,188 |
|
|
$ |
1,016 |
|
|
$ |
105,312 |
|
|
$ |
1,080 |
|
Met Variable-Rate Term Loans |
51,030 |
|
|
467 |
|
|
52,469 |
|
|
497 |
|
Met Citree Term Loan |
5,000 |
|
|
51 |
|
|
5,000 |
|
|
53 |
|
Pru Loans A & B |
23,610 |
|
|
266 |
|
|
24,190 |
|
|
274 |
|
Pru Loan E |
5,005 |
|
|
29 |
|
|
5,115 |
|
|
32 |
|
Pru Loan F |
5,005 |
|
|
43 |
|
|
5,115 |
|
|
44 |
|
John Deere equipment loan |
— |
|
|
— |
|
|
18 |
|
|
— |
|
|
191,838 |
|
|
1,872 |
|
|
197,219 |
|
|
1,980 |
|
Less current portion |
4,500 |
|
|
— |
|
|
4,493 |
|
|
— |
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Long-term debt |
$ |
187,338 |
|
|
$ |
1,872 |
|
|
$ |
192,726 |
|
|
$ |
1,980 |
|
|
| Schedule of lines of credit |
The following table summarizes lines of credit and related deferred financing costs net of accumulated amortization at March 31, 2017 and September 30, 2016:
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|
|
|
|
|
|
March 31, 2017 |
|
September 30, 2016 |
|
Principal |
|
Deferred Financing Costs, Net |
|
Principal |
|
Deferred Financing Costs, Net |
|
(in thousands) |
|
|
|
|
|
|
|
|
Lines of Credit: |
|
|
|
|
|
|
|
RLOC |
$ |
11,417 |
|
|
$ |
134 |
|
|
$ |
5,000 |
|
|
$ |
159 |
|
WCLC |
— |
|
|
130 |
|
|
— |
|
|
230 |
|
Lines of Credit |
$ |
11,417 |
|
|
$ |
264 |
|
|
$ |
5,000 |
|
|
$ |
389 |
|
|
| Schedule of future maturities of debt and lines of credit |
Future maturities of debt and lines of credit as of March 31, 2017 are as follows:
|
|
|
|
|
(in thousands) |
|
|
|
Due within one year |
$ |
4,500 |
|
Due between one and two years |
19,767 |
|
Due between two and three years |
10,938 |
|
Due between three and four years |
10,975 |
|
Due between four and five years |
10,975 |
|
Due beyond five years |
146,100 |
|
Total future maturities |
$ |
203,255 |
|
|
| Schedule of interest costs expensed and capitalized |
Interest costs expensed and capitalized were as follows:
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(in thousands) |
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Three Months Ended March 31, |
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Six Months Ended March 31, |
|
2017 |
|
2016 |
|
2017 |
|
2016 |
Interest expense |
$ |
2,374 |
|
|
$ |
2,475 |
|
|
$ |
4,701 |
|
|
$ |
4,978 |
|
Interest capitalized |
64 |
|
|
38 |
|
|
127 |
|
|
81 |
|
Total |
$ |
2,438 |
|
|
$ |
2,513 |
|
|
$ |
4,828 |
|
|
$ |
5,059 |
|
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