Annual report pursuant to Section 13 and 15(d)

Long-Term Debt and Lines of Credit (Tables)

v3.19.3
Long-Term Debt and Lines of Credit (Tables)
 12 Months Ended
Sep. 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 September 30, 2019 and September 30, 2018:

 
September 30, 2019
 
September 30, 2018
(in thousands)
Principal
 
Deferred Financing Costs, Net
 
Principal
 
Deferred Financing Costs, Net
 
 
 
 
 
 
 
 
Long-term debt, net of current portion:
 
 
 
 
 
 
 
Met Fixed-Rate Term Loans
$
89,688

 
$
724

 
$
95,938

 
$
836

Met Variable-Rate Term Loans
43,844

 
334

 
46,719

 
385

Met Citree Term Loan
4,750

 
40

 
4,925

 
44

Pru Loans A & B
16,257

 
224

 
17,417

 
241

Pru Loan E
4,455

 
9

 
4,675

 
17

Pru Loan F
4,455

 
38

 
4,675

 
40

 
163,449

 
1,369

 
174,349

 
1,563

Less current portion
5,338

 
—

 
5,275

 
—

Long-term debt
$
158,111

 
$
1,369

 
$
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 September 30, 2019 and September 30, 2018:

 
September 30, 2019
 
September 30, 2018
(in thousands)
Principal
 
Deferred Financing Costs, Net
 
Principal
 
Deferred Financing Costs, Net
 
 
 
 
 
 
 
 
Lines of Credit:
 
 
 
 
 
 
 
RLOC
$
—

 
$
8

 
$
—

 
$
58

WCLC
—

 
—

 
2,685

 
78

Lines of Credit
$
—

 
$
8

 
$
2,685

 
$
136


Schedule of future maturities of debt and lines of credit
Future maturities of long-term debt as of September 30, 2019 are as follows:
(in thousands)
 
 
 
Due within one year
$
5,338

Due between one and two years
14,990

Due between two and three years
10,755

Due between three and four years
10,755

Due between four and five years
10,755

Due beyond five years
110,856

 
 
Total future maturities
$
163,449


Schedule of interest costs expensed and capitalized
Interest costs expensed and capitalized were as follows:
(in thousands)
Fiscal Year Ended September 30,
 
2019
 
2018
 
2017
Interest expense
$
7,180

 
$
8,561

 
$
9,141

Interest capitalized
1,019

 
933

 
294

Total
$
8,199

 
$
9,494

 
$
9,435