Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

v2.4.0.6
Debt (Tables)
 3 Months Ended
Dec. 31, 2012
Debt [Abstract]  
Interest rate swaps
The Company has entered into the following interest rate swaps:

November 2012
Effective Date
  
Amount
    
Fixed Interest Rate
    
Interest Rate Spread at December 31, 2012
  
 
Maturity Date
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
August 2012
     35,000       1.74 %     1.25 %
June 2022
September 2012
     25,000       3.03 %     1.25 %
December 2015
September 2012
     25,000       1.24 %     1.25 %
March 2017
  25,000   1.33%  1.25%November 2015
Derivatives designated as hedging instruments
At December 31, 2012 and September 30, 2012, 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:
  
December 31, 2012
    
September 30, 2012
  
Current liabilities:
            
Other current liabilities
   $ 2,852     $ 2,851  
Long-term liabilities
                
Other liabilities
     5,260       6,282  
Total derivatives
   $ 8,112     $ 9,133  


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

 
Location of
  
Derivatives in
Loss
Amount of Loss
Cash Flow
Recognized in
Recognized in Income
Hedging
Income on
on Derivatives
Relationships
Derivative
Three Months Ended December 31,
   
2012
  
2011
         
Interest rate swaps
Interest expense
$(1,003)
  
$(687)

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

*There is no ineffective portion or amount excluded from effectiveness testing.
       
Location of
      
       
Gain or
      
       
(Loss)
      
       
Reclassified
  
Amount of Loss
  
   
Amount of Gain or
  
from
  
Reclassified from
  
Derivatives in
  
(Loss) Recognized in
  
AOCL into
  
AOCL into Income
  
Cash Flow
  
AOCL on Derivatives
  
Income
  
(Effective Portion*)
  
Hedging Relationships
  
December 31,
2012
    
December 31,
2011
  
(Effective
Portion*)
  
December 31, 2012
    
December 31,
2011
  
                           
Interest rate swaps
   $ 11     $ (320)  
Interest expense
   $ (612)     $ (419)