Annual report pursuant to Section 13 and 15(d)

Long-Term Debt and Lines of Credit (Tables)

v3.23.3
Long-Term Debt and Lines of Credit (Tables)
 12 Months Ended
Sep. 30, 2023
Debt Disclosure [Abstract]  
Schedule of long-term debt, net of current portion
The following table summarizes long-term debt at September 30, 2023 and September 30, 2022:
(in thousands) September 30, 2023 September 30, 2022
Long-term debt, net of current portion:
Met fixed-rate term loans $ 70,000  $ 70,000 
Met variable-rate term loans 19,094  19,906 
Met Citree term loan 3,888  4,013 
Pru loans A & B 11,615  12,777 
Deferred financing fees (621) (748)
103,976  105,948 
Less current portion of long-term debt 2,566  3,035 
Long-term debt, net $ 101,410  $ 102,913 
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, 2023 and September 30, 2022:
(in thousands) September 30, 2023 September 30, 2022
Lines of Credit:
RLOC $ —  $ — 
WCLC 24,722  4,928 
Deferred financing fees (1)
(95) (110)
Lines of Credit $ 24,627  $ 4,818 
1- Represents deferred financing fees on the RLOC.
Schedule of future maturities of debt and lines of credit
Future maturities of long-term debt and lines of credit as of September 30, 2023 are as follows:
(in thousands) September 30, 2023
Due within one year $ 2,566 
Due between one and two years 3,035 
Due between two and three years 27,757 
Due between three and four years 3,035 
Due between four and five years 3,035 
Due beyond five years 89,891 
Total future maturities $ 129,319 
Schedule of interest costs expensed and capitalized
Interest costs expensed and capitalized were as follows:
(in thousands) Years Ended September 30,
2023 2022 2021
Interest expense $ 4,911  $ 3,324  $ 3,987 
Interest capitalized 1,439  1,493  1,431 
Total $ 6,350  $ 4,817  $ 5,418