Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v2.4.0.6
Debt (Tables)
9 Months Ended
Jun. 30, 2012
Debt [Abstract]  
Interest Rate Swaps
The Company has entered into the following interest rate swaps:

Effective Date
Amount
Fixed Interest Rate
Interest Rate Spread at June 30, 2012
 
Maturity Date
September 2007
$25,000
4.77%
1.25%
September 2012
May 2008
  20,000
3.72%
1.25%
September 2012
May 2011
  25,000
1.37%
1.25%
May 2014
October 2011
  25,000
1.67%
1.25%
October 2015
November 2011
  25,000
2.13%
1.25%
November 2014
March 2012
  25,000
2.44%
1.25%
March 2015
June 2012
  40,000
1.88%
1.25%
June 2022
September 2012
  25,000
3.03%
1.25%
December 2015
September 2012
  25,000
1.24%
1.25%
March 2017
November 2012
  25,000
1.33%
1.25%
November 2015

Derivatives Designated as Hedging Instruments
At June 30, 2012 and September 30, 2011, the interest rate swap contracts were reflected as a liability on the balance sheets.  The following derivatives are designated as hedging instruments:

Liability Derivatives
     
Balance Sheet Location:
 
June 30, 2012
   
September 30, 2011
 
Current liabilities:
           
Other current liabilities
  $ 2,761     $ 2,061  
Long-term liabilities
               
Other liabilities
    5,483       5,100  
Total derivatives
  $ 8,244     $ 7,161  

Gain (Loss) Recognized on Derivatives
The loss recognized on derivatives was as follows:

 
Location of
           
Derivatives in
Loss
 
Amount of
   
Amount of
 
Cash Flow
Recognized in
 
Loss Recognized
   
Loss Recognized
 
Hedging
Income on
 
in Income
   
in Income
 
Relationships
Derivative
 
on Derivatives
   
on Derivatives
 
     
Three Months ended June 30,
   
Nine Months ended June 30,
 
     
2012
   
2011
   
2012
   
2011
 
                           
Interest rate swaps
Interest expense
    $(888)       $(719)       $(2,308)       $(2,178)  
                                   

The Company recognized the following losses in accumulated other comprehensive loss ("AOCL"):

               
       
Location of
     
       
Gain or
     
       
(Loss)
 
Amount of Loss
 
       
Reclassified
 
Reclassified from
 
   
Amount of
 
From
 
AOCL into
 
Derivatives in
 
Loss Recognized in
 
AOCL into
 
Income
 
Cash Flow
 
AOCL on Derivatives
 
Income
 
(Effective Portion*)
 
Hedging Relationships
 
June 30,
2012
   
June 30,
2011
 
(Effective
Portion*)
 
June 30, 2012
   
June 30,
2011
 
                           
Interest rate swaps
    $(2,068)       $(1,410)  
Interest expense
    $(1,408)       $(1,329)  
                                   
*There is no ineffective portion or amount excluded from effectiveness testing.