Long-Term Debt and Lines of Credit (Tables)
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9 Months Ended |
Jun. 30, 2023 |
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| 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, 2023 and September 30, 2022:
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June 30, 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 |
|
|
$ |
371 |
|
|
$ |
70,000 |
|
|
$ |
435 |
|
Met Variable-Rate Term Loans |
|
|
19,094 |
|
|
|
97 |
|
|
|
19,906 |
|
|
|
113 |
|
Met Citree Term Loan |
|
|
3,888 |
|
|
|
24 |
|
|
|
4,013 |
|
|
|
27 |
|
Pru Loans A & B |
|
|
11,907 |
|
|
|
161 |
|
|
|
12,777 |
|
|
|
173 |
|
|
|
|
104,889 |
|
|
|
653 |
|
|
|
106,696 |
|
|
|
748 |
|
Less current portion |
|
|
2,098 |
|
|
|
— |
|
|
|
3,035 |
|
|
|
— |
|
Long-term debt |
|
$ |
102,791 |
|
|
$ |
653 |
|
|
$ |
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 June 30, 2023 and September 30, 2022:
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|
June 30, 2023 |
|
|
September 30, 2022 |
|
(in thousands) |
|
Principal |
|
|
Deferred
Financing
Costs, Net |
|
|
Principal |
|
|
Deferred
Financing
Costs, Net |
|
Lines of Credit: |
|
|
|
|
|
|
|
|
|
|
|
|
RLOC |
|
$ |
— |
|
|
$ |
99 |
|
|
$ |
— |
|
|
$ |
110 |
|
WCLC |
|
|
17,910 |
|
|
|
— |
|
|
|
4,928 |
|
|
|
— |
|
Lines of Credit |
|
$ |
17,910 |
|
|
$ |
99 |
|
|
$ |
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 June 30, 2023 are as follows:
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|
|
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|
(in thousands) |
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|
|
|
|
|
|
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|
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|
June 30, 2023 |
|
Due within one year |
|
|
|
|
|
$ |
2,098 |
|
Due between one and two years |
|
|
|
|
|
|
3,035 |
|
Due between two and three years |
|
|
|
|
|
|
20,945 |
|
Due between three and four years |
|
|
|
|
|
|
3,035 |
|
Due between four and five years |
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|
|
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|
3,035 |
|
Due beyond five years |
|
|
|
|
|
|
90,651 |
|
|
|
|
|
|
|
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|
Total future maturities |
|
|
|
|
|
$ |
122,799 |
|
|
| 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
June 30, |
|
|
Nine Months Ended
June 30, |
|
|
|
2023 |
|
|
2022 |
|
|
2023 |
|
|
2022 |
|
Interest expense |
|
$ |
1,196 |
|
|
$ |
854 |
|
|
$ |
3,618 |
|
|
$ |
2,625 |
|
Interest capitalized |
|
|
391 |
|
|
|
395 |
|
|
|
1,005 |
|
|
|
1,026 |
|
Total |
|
$ |
1,587 |
|
|
$ |
1,249 |
|
|
$ |
4,623 |
|
|
$ |
3,651 |
|
|