Quarterly report pursuant to Section 13 or 15(d)


9 Months Ended
Jun. 30, 2020
Investments, Debt and Equity Securities [Abstract]  
Investments Investments
Non-current investments consisted of the following:
  June 30, 2020 September 30, 2019
Equity and fixed income mutual funds $ 24,119    $ 22,986   
Life insurance policies 4,100    4,030   
Equity-method investments 386    39,761   
Other investments 33,463    18,724   
  $ 62,068    $ 85,501   

During the first six months of fiscal 2020, the Company made $9,482 of additional investments in a non-consolidated subsidiary that was being accounted for as an equity-method investment. During the third quarter of fiscal 2020, the Company sold its ownership interest in this subsidiary for $42,210 of cash and $15,000 of senior preferred shares. The senior preferred shares earn a yield based on an escalating rate ranging from 6% to 14% and are expected to be redeemed before the end of calendar year 2022. In connection with this sale transaction, the Company recognized a pre-tax gain of $11,208 which has been recorded as a component of administrative expenses. The senior preferred shares are included within other investments in the table above along with ownership interests in various entities of less than 20%, which are recorded under the cost-method of accounting.