Long-Term Debt and Lines of Credit (Tables)
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9 Months Ended |
Jun. 30, 2017 |
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| Debt Disclosure [Abstract] |
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| 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, 2017 and September 30, 2016:
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June 30, 2017 |
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September 30, 2016 |
|
Principal |
|
Deferred Financing Costs, Net |
|
Principal |
|
Deferred Financing Costs, Net |
|
(in thousands) |
|
|
|
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|
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Long-term debt, net of current portion: |
|
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|
|
|
|
|
Met Fixed-Rate Term Loans |
$ |
100,625 |
|
|
$ |
985 |
|
|
$ |
105,312 |
|
|
$ |
1,080 |
|
Met Variable-Rate Term Loans |
50,313 |
|
|
453 |
|
|
52,469 |
|
|
497 |
|
Met Citree Term Loan |
5,000 |
|
|
50 |
|
|
5,000 |
|
|
53 |
|
Pru Loans A & B |
23,320 |
|
|
262 |
|
|
24,190 |
|
|
274 |
|
Pru Loan E |
4,950 |
|
|
26 |
|
|
5,115 |
|
|
32 |
|
Pru Loan F |
4,950 |
|
|
43 |
|
|
5,115 |
|
|
44 |
|
John Deere equipment loan |
— |
|
|
— |
|
|
18 |
|
|
— |
|
|
189,158 |
|
|
1,819 |
|
|
197,219 |
|
|
1,980 |
|
Less current portion |
4,525 |
|
|
— |
|
|
4,493 |
|
|
— |
|
Long-term debt |
$ |
184,633 |
|
|
$ |
1,819 |
|
|
$ |
192,726 |
|
|
$ |
1,980 |
|
|
| Schedule of lines of credit |
The following table summarizes lines of credit and related deferred financing costs, net of accumulated amortization, at June 30, 2017 and September 30, 2016:
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|
|
|
|
|
|
|
June 30, 2017 |
|
September 30, 2016 |
|
Principal |
|
Deferred Financing Costs, Net |
|
Principal |
|
Deferred Financing Costs, Net |
|
(in thousands) |
|
|
|
|
|
|
|
|
Lines of Credit: |
|
|
|
|
|
|
|
RLOC |
$ |
— |
|
|
$ |
121 |
|
|
$ |
5,000 |
|
|
$ |
159 |
|
WCLC |
— |
|
|
204 |
|
|
— |
|
|
230 |
|
Lines of Credit |
$ |
— |
|
|
$ |
325 |
|
|
$ |
5,000 |
|
|
$ |
389 |
|
|
| Schedule of future maturities of debt and lines of credit |
Future maturities of debt and lines of credit as of June 30, 2017 are as follows:
|
|
|
|
|
(in thousands) |
|
|
|
Due within one year |
$ |
4,525 |
|
Due between one and two years |
8,375 |
|
Due between two and three years |
10,950 |
|
Due between three and four years |
10,975 |
|
Due between four and five years |
10,975 |
|
Due beyond five years |
143,358 |
|
Total future maturities |
$ |
189,158 |
|
|
| Schedule of interest costs expensed and capitalized |
Interest costs expensed and capitalized were as follows:
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(in thousands) |
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Three Months Ended June 30, |
|
Nine Months Ended June 30, |
|
2017 |
|
2016 |
|
2017 |
|
2016 |
Interest expense |
$ |
2,223 |
|
|
$ |
2,470 |
|
|
$ |
6,924 |
|
|
$ |
7,448 |
|
Interest capitalized |
74 |
|
|
41 |
|
|
201 |
|
|
122 |
|
Total |
$ |
2,297 |
|
|
$ |
2,511 |
|
|
$ |
7,125 |
|
|
$ |
7,570 |
|
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