Long-Term Debt and Lines of Credit (Tables)
|
12 Months Ended |
Sep. 30, 2021 |
|---|
| 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 September 30, 2021 and September 30, 2020:
|
|
|
September 30, 2021
|
|
|
September 30, 2020
|
|
|
(in thousands)
|
|
Principal
|
|
|
Deferred
Financing
Costs, Net
|
|
|
Principal
|
|
|
Deferred
Financing
Costs, Net
|
|
|
Long-term debt, net of current portion:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Met Fixed-Rate Term Loans
|
|
$
|
70,000
|
|
|
$
|
524
|
|
|
$
|
83,438
|
|
|
$
|
621
|
|
|
Met Variable-Rate Term Loans
|
|
|
38,094
|
|
|
|
241
|
|
|
|
40,969
|
|
|
|
286
|
|
|
Met Citree Term Loan
|
|
|
4,263
|
|
|
|
31
|
|
|
|
4,512
|
|
|
|
36
|
|
|
Pru Loans A & B
|
|
|
13,937
|
|
|
|
190
|
|
|
|
15,097
|
|
|
|
207
|
|
|
Pru Loan E
|
|
|
—
|
|
|
|
—
|
|
|
|
4,235
|
|
|
|
1
|
|
|
|
|
|
126,294
|
|
|
|
986
|
|
|
|
148,251
|
|
|
|
1,151
|
|
|
Less current portion
|
|
|
4,285
|
|
|
|
—
|
|
|
|
9,145
|
|
|
|
—
|
|
|
Long-term debt
|
|
$
|
122,009
|
|
|
$
|
986
|
|
|
$
|
139,106
|
|
|
$
|
1,151
|
|
|
| Schedule of lines of credit |
The following table summarizes amounts outstanding under lines of credit and related deferred financing costs, net of accumulated amortization at September 30, 2021 and September 30, 2020:
|
|
|
September 30, 2021
|
|
|
September 30, 2020
|
|
|
(in thousands)
|
|
Principal
|
|
|
Deferred
Financing
Costs, Net
|
|
|
Principal
|
|
|
Deferred
Financing
Costs, Net
|
|
|
Lines of Credit:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RLOC
|
|
$
|
—
|
|
|
$
|
126
|
|
|
$
|
—
|
|
|
$
|
141
|
|
|
WCLC
|
|
|
—
|
|
|
|
—
|
|
|
|
2,942
|
|
|
|
—
|
|
|
Lines of Credit
|
|
$
|
—
|
|
|
$
|
126
|
|
|
$
|
2,942
|
|
|
$
|
141
|
|
|
| Schedule of future maturities of debt and lines of credit |
Future maturities of long-term debt and lines of credit as of September 30, 2021 are as follows:
|
(in thousands)
|
|
September 30, 2021
|
|
|
Due within one year
|
|
$
|
4,285
|
|
|
Due between one and two years
|
|
|
4,285
|
|
|
Due between two and three years
|
|
|
4,285
|
|
|
Due between three and four years
|
|
|
4,285
|
|
|
Due between four and five years
|
|
|
4,285
|
|
|
Due beyond five years
|
|
|
104,869
|
|
|
Total future maturities
|
|
$
|
126,294
|
|
|
| Schedule of interest costs expensed and capitalized |
Interest costs expensed and capitalized were as follows:
|
(in thousands)
|
|
Fiscal Year Ended September 30,
|
|
|
|
|
2021
|
|
|
2020
|
|
|
2019
|
|
|
Interest expense
|
|
$
|
3,987
|
|
|
$
|
5,981
|
|
|
$
|
7,180
|
|
|
Interest capitalized
|
|
|
1,431
|
|
|
|
1,228
|
|
|
|
1,019
|
|
|
Total
|
|
$
|
5,418
|
|
|
$
|
7,209
|
|
|
$
|
8,199
|
|
|