Long-Term Debt and Lines of Credit (Tables)
|
6 Months Ended |
Mar. 31, 2020 |
|---|
| 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, 2020 and September 30, 2019:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2020 |
|
September 30, 2019 |
(in thousands) |
Principal |
|
Deferred Financing Costs, Net |
|
Principal |
|
Deferred Financing Costs, Net |
|
|
|
|
|
|
|
|
Long-term debt, net of current portion: |
|
|
|
|
|
|
|
Met Fixed-Rate Term Loans |
$ |
86,563 |
|
|
$ |
672 |
|
|
$ |
89,688 |
|
|
$ |
724 |
|
Met Variable-Rate Term Loans |
42,406 |
|
|
309 |
|
|
43,844 |
|
|
334 |
|
Met Citree Term Loan |
4,638 |
|
|
38 |
|
|
4,750 |
|
|
40 |
|
Pru Loans A & B |
15,677 |
|
|
221 |
|
|
16,257 |
|
|
224 |
|
Pru Loan E |
4,345 |
|
|
— |
|
|
4,455 |
|
|
9 |
|
Pru Loan F |
— |
|
|
— |
|
|
4,455 |
|
|
38 |
|
|
153,629 |
|
|
1,240 |
|
|
163,449 |
|
|
1,369 |
|
Less current portion |
5,130 |
|
|
— |
|
|
5,338 |
|
|
— |
|
Long-term debt |
$ |
148,499 |
|
|
$ |
1,240 |
|
|
$ |
158,111 |
|
|
$ |
1,369 |
|
|
| Schedule of lines of credit |
The following table summarizes lines of credit and related deferred financing costs, net of accumulated amortization at March 31, 2020 and September 30, 2019:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2020 |
|
September 30, 2019 |
(in thousands) |
Principal |
|
Deferred Financing Costs, Net |
|
Principal |
|
Deferred Financing Costs, Net |
|
|
|
|
|
|
|
|
Lines of Credit: |
|
|
|
|
|
|
|
RLOC |
$ |
20,000 |
|
|
$ |
149 |
|
|
$ |
— |
|
|
$ |
8 |
|
WCLC |
46,714 |
|
|
— |
|
|
— |
|
|
— |
|
Lines of Credit |
$ |
66,714 |
|
|
$ |
149 |
|
|
$ |
— |
|
|
$ |
8 |
|
|
| Schedule of future maturities of debt and lines of credit |
Future maturities of long-term debt and lines of credit as of March 31, 2020 are as follows:
|
|
|
|
|
(in thousands) |
|
|
|
Due within one year |
$ |
5,130 |
|
Due between one and two years |
61,374 |
|
Due between two and three years |
10,535 |
|
Due between three and four years |
10,535 |
|
Due between four and five years |
10,535 |
|
Due beyond five years |
122,234 |
|
|
|
Total future maturities |
$ |
220,343 |
|
|
| Schedule of interest costs expensed and capitalized |
Interest costs expensed and capitalized were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(in thousands) |
|
|
|
|
|
|
|
|
Three Months Ended March 31, |
|
Six Months Ended March 31, |
|
2020 |
|
2019 |
|
2020 |
|
2019 |
Interest expense |
$ |
1,452 |
|
|
$ |
1,963 |
|
|
$ |
2,996 |
|
|
$ |
3,880 |
|
Interest capitalized |
303 |
|
|
229 |
|
|
572 |
|
|
445 |
|
Total |
$ |
1,755 |
|
|
$ |
2,192 |
|
|
$ |
3,568 |
|
|
$ |
4,325 |
|
|