Long-Term Debt and Lines of Credit (Tables)
|
6 Months Ended |
Mar. 31, 2023 |
|---|
| 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, 2023 and September 30, 2022:
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March 31, 2023 |
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September 30, 2022 |
|
(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 |
|
|
$ |
392 |
|
|
$ |
70,000 |
|
|
$ |
435 |
|
Met Variable-Rate Term Loans |
|
|
19,094 |
|
|
|
102 |
|
|
|
19,906 |
|
|
|
113 |
|
Met Citree Term Loan |
|
|
3,888 |
|
|
|
25 |
|
|
|
4,013 |
|
|
|
27 |
|
Pru Loans A & B |
|
|
12,197 |
|
|
|
165 |
|
|
|
12,777 |
|
|
|
173 |
|
|
|
|
105,179 |
|
|
|
684 |
|
|
|
106,696 |
|
|
|
748 |
|
Less current portion |
|
|
1,629 |
|
|
|
— |
|
|
|
3,035 |
|
|
|
— |
|
Long-term debt |
|
$ |
103,550 |
|
|
$ |
684 |
|
|
$ |
103,661 |
|
|
$ |
748 |
|
|
| Schedule of lines of credit |
The following table summarizes lines of credit and related deferred financing costs, net of accumulated amortization at March 31, 2023 and September 30, 2022:
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|
March 31, 2023 |
|
|
September 30, 2022 |
|
(in thousands) |
|
Principal |
|
|
Deferred
Financing
Costs, Net |
|
|
Principal |
|
|
Deferred
Financing
Costs, Net |
|
Lines of Credit: |
|
|
|
|
|
|
|
|
|
|
|
|
RLOC |
|
$ |
— |
|
|
$ |
104 |
|
|
$ |
— |
|
|
$ |
110 |
|
WCLC |
|
|
21,122 |
|
|
|
— |
|
|
|
4,928 |
|
|
|
— |
|
Lines of Credit |
|
$ |
21,122 |
|
|
$ |
104 |
|
|
$ |
4,928 |
|
|
$ |
110 |
|
|
| Schedule of future maturities of debt and lines of credit |
Future maturities of long-term debt and lines of credit as of March 31, 2023 are as follows:
|
|
|
|
|
|
|
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|
(in thousands) |
|
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|
|
|
|
|
|
|
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|
March 31, 2023 |
|
Due within one year |
|
|
|
|
|
$ |
1,629 |
|
Due between one and two years |
|
|
|
|
|
|
3,035 |
|
Due between two and three years |
|
|
|
|
|
|
24,157 |
|
Due between three and four years |
|
|
|
|
|
|
3,035 |
|
Due between four and five years |
|
|
|
|
|
|
3,035 |
|
Due beyond five years |
|
|
|
|
|
|
91,410 |
|
|
|
|
|
|
|
|
|
Total future maturities |
|
|
|
|
|
$ |
126,301 |
|
|
| Schedule of interest costs expensed and capitalized |
Interest costs expensed and capitalized were as follows:
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|
|
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(in thousands) |
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Three Months Ended
March 31, |
|
|
Six Months Ended
March 31, |
|
|
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
Interest expense |
|
$ |
1,274 |
|
|
$ |
870 |
|
|
$ |
2,422 |
|
|
$ |
1,771 |
|
Interest capitalized |
|
|
333 |
|
|
|
328 |
|
|
|
614 |
|
|
|
631 |
|
Total |
|
$ |
1,607 |
|
|
$ |
1,198 |
|
|
$ |
3,036 |
|
|
$ |
2,402 |
|
|