Long-Term Debt and Lines of Credit (Tables)
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9 Months Ended |
Jun. 30, 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 June 30, 2019 and September 30, 2018:
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|
(in thousands) |
June 30, 2019 |
|
September 30, 2018 |
|
Principal |
|
Deferred Financing Costs, Net |
|
Principal |
|
Deferred Financing Costs, Net |
|
|
|
|
|
|
|
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Long-term debt, net of current portion: |
|
|
|
|
|
|
|
Met Fixed-Rate Term Loans |
$ |
91,250 |
|
|
$ |
752 |
|
|
$ |
95,938 |
|
|
$ |
836 |
|
Met Variable-Rate Term Loans |
44,563 |
|
|
346 |
|
|
46,719 |
|
|
385 |
|
Met Citree Term Loan |
4,800 |
|
|
41 |
|
|
4,925 |
|
|
44 |
|
Pru Loans A & B |
16,547 |
|
|
228 |
|
|
17,417 |
|
|
241 |
|
Pru Loan E |
4,510 |
|
|
11 |
|
|
4,675 |
|
|
17 |
|
Pru Loan F |
4,510 |
|
|
38 |
|
|
4,675 |
|
|
40 |
|
|
166,180 |
|
|
1,416 |
|
|
174,349 |
|
|
1,563 |
|
Less current portion |
5,325 |
|
|
— |
|
|
5,275 |
|
|
— |
|
Long-term debt |
$ |
160,855 |
|
|
$ |
1,416 |
|
|
$ |
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 June 30, 2019 and September 30, 2018:
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|
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|
|
|
|
June 30, 2019 |
|
September 30, 2018 |
|
Principal |
|
Deferred Financing Costs, Net |
|
Principal |
|
Deferred Financing Costs, Net |
(in thousands) |
|
|
|
|
|
|
|
|
|
|
|
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Lines of Credit: |
|
|
|
|
|
|
|
RLOC |
$ |
— |
|
|
$ |
21 |
|
|
$ |
— |
|
|
$ |
58 |
|
WCLC |
— |
|
|
— |
|
|
2,685 |
|
|
78 |
|
Lines of Credit |
$ |
— |
|
|
$ |
21 |
|
|
$ |
2,685 |
|
|
$ |
136 |
|
|
| Schedule of future maturities of debt and lines of credit |
Future maturities of long-term debt as of June 30, 2019 are as follows:
|
|
|
|
|
(in thousands) |
|
|
|
Due within one year |
$ |
5,325 |
|
Due between one and two years |
10,975 |
|
Due between two and three years |
10,975 |
|
Due between three and four years |
14,605 |
|
Due between four and five years |
10,755 |
|
Due beyond five years |
113,545 |
|
|
|
Total future maturities |
$ |
166,180 |
|
|
| 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 June 30, |
|
Nine Months Ended June 30, |
|
2019 |
|
2018 |
|
2019 |
|
2018 |
Interest expense |
$ |
1,745 |
|
|
$ |
2,188 |
|
|
$ |
5,625 |
|
|
$ |
6,682 |
|
Interest capitalized |
269 |
|
|
166 |
|
|
714 |
|
|
447 |
|
Total |
$ |
2,014 |
|
|
$ |
2,354 |
|
|
$ |
6,339 |
|
|
$ |
7,129 |
|
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