Annual report [Section 13 and 15(d), not S-K Item 405]

FAIR VALUE MEASUREMENTS

v3.25.3
FAIR VALUE MEASUREMENTS
 12 Months Ended
Sep. 30, 2025
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS:
Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A three level fair value hierarchy is used to prioritize the inputs used in valuations, as defined below:
Level 1: Observable inputs that reflect unadjusted quoted prices for identical assets or liabilities in active markets.
Level 2:
Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.
Level 3:
 Unobservable inputs for the asset or liability.
       
As of September 30, 2025 and 2024, the fair values of the Company's assets and liabilities measured on a recurring basis were categorized as follows:
  September 30, 2025
  Level 1 Level 2 Level 3 Total
Assets:
Derivatives (1)
 $ —  $ 39  $ —  $ 39 
Equity and fixed income mutual funds —  859  —  859 
Life insurance policies —  5,239  —  5,239 
Total assets at fair value $ —  $ 6,137  $ —  $ 6,137 
Liabilities:        
   Derivatives (1) (2)
$ —  $ 60,918  $ —  $ 60,918 
Total liabilities at fair value $ —  $ 60,918  $ —  $ 60,918 

  September 30, 2024
  Level 1 Level 2 Level 3 Total
Assets:
Equity and fixed income mutual funds $ —  $ 839  $ —  $ 839 
Life insurance policies —  5,493  —  5,493 
Total assets at fair value $ —  $ 6,332  $ —  $ 6,332 
Liabilities:        
   Derivatives (1) (2)
$ —  $ 69,573  $ —  $ 69,573 
Total liabilities at fair value $ —  $ 69,573  $ —  $ 69,573 
(1) Interest rate swaps and cross currency swaps are valued based on observable market swap rates and are classified within Level 2 of the fair value hierarchy.
(2) Derivative amounts at September 30, 2025 and 2024 reflect $40,186 and $58,432 of partial advance payments received from the counterparties to certain cross-currency swaps, respectively. See Note 12, "Derivatives and Hedging Activities" for further details.

The carrying values for other financial assets and liabilities approximated fair value for the years ended September 30, 2025 and 2024.