Long-Term Debt and Lines of Credit (Tables)
|
6 Months Ended |
Mar. 31, 2019 |
|---|
| Debt Disclosure [Abstract] |
|
| 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, 2019 and September 30, 2018:
|
|
|
|
|
|
|
|
|
|
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|
|
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|
(in thousands) |
March 31, 2019 |
|
September 30, 2018 |
|
Principal |
|
Deferred Financing Costs, Net |
|
Principal |
|
Deferred Financing Costs, Net |
|
|
|
|
|
|
|
|
Long-term debt, net of current portion: |
|
|
|
|
|
|
|
Met Fixed-Rate Term Loans |
$ |
92,814 |
|
|
$ |
780 |
|
|
$ |
95,938 |
|
|
$ |
836 |
|
Met Variable-Rate Term Loans |
45,281 |
|
|
359 |
|
|
46,719 |
|
|
385 |
|
Met Citree Term Loan |
4,850 |
|
|
42 |
|
|
4,925 |
|
|
44 |
|
Pru Loans A & B |
16,837 |
|
|
232 |
|
|
17,417 |
|
|
241 |
|
Pru Loan E |
4,565 |
|
|
13 |
|
|
4,675 |
|
|
17 |
|
Pru Loan F |
4,565 |
|
|
39 |
|
|
4,675 |
|
|
40 |
|
|
168,912 |
|
|
1,465 |
|
|
174,349 |
|
|
1,563 |
|
Less current portion |
5,313 |
|
|
— |
|
|
5,275 |
|
|
— |
|
Long-term debt |
$ |
163,599 |
|
|
$ |
1,465 |
|
|
$ |
169,074 |
|
|
$ |
1,563 |
|
|
| Schedule of lines of credit |
The following table summarizes lines of credit and related deferred financing costs net of accumulated amortization at March 31, 2019 and September 30, 2018:
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|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2019 |
|
September 30, 2018 |
|
Principal |
|
Deferred Financing Costs, Net |
|
Principal |
|
Deferred Financing Costs, Net |
|
(in thousands) |
|
|
|
|
|
|
|
|
Lines of Credit: |
|
|
|
|
|
|
|
RLOC |
$ |
— |
|
|
$ |
33 |
|
|
$ |
— |
|
|
$ |
58 |
|
WCLC |
24,962 |
|
|
11 |
|
|
2,685 |
|
|
78 |
|
Lines of Credit |
$ |
24,962 |
|
|
$ |
44 |
|
|
$ |
2,685 |
|
|
$ |
136 |
|
|
| Schedule of future maturities of debt and lines of credit |
Future maturities of long-term debt and lines of credit as of March 31, 2019 are as follows:
|
|
|
|
|
(in thousands) |
|
|
|
Due within one year |
$ |
5,313 |
|
Due between one and two years |
10,975 |
|
Due between two and three years |
35,937 |
|
Due between three and four years |
14,660 |
|
Due between four and five years |
10,755 |
|
Due beyond five years |
116,234 |
|
|
|
Total future maturities |
$ |
193,874 |
|
|
| Schedule of interest costs expensed and capitalized |
Interest costs expensed and capitalized were as follows:
|
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|
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|
|
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|
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|
|
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(in thousands) |
|
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|
Three Months Ended March 31, |
|
Six Months Ended March 31, |
|
2019 |
|
2018 |
|
2019 |
|
2018 |
Interest expense |
$ |
1,963 |
|
|
$ |
2,239 |
|
|
$ |
3,880 |
|
|
$ |
4,494 |
|
Interest capitalized |
229 |
|
|
147 |
|
|
445 |
|
|
281 |
|
Total |
$ |
2,192 |
|
|
$ |
2,386 |
|
|
$ |
4,325 |
|
|
$ |
4,775 |
|
|