Long-Term Debt and Lines of Credit (Tables)
|
9 Months Ended |
Jun. 30, 2018 |
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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, 2018 and September 30, 2017:
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June 30, 2018 |
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September 30, 2017 |
|
Principal |
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Deferred Financing Costs, Net |
|
Principal |
|
Deferred Financing Costs, Net |
|
(in thousands) |
|
|
|
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Long-term debt, net of current portion: |
|
|
|
|
|
|
|
Met Fixed-Rate Term Loans |
$ |
97,500 |
|
|
$ |
865 |
|
|
$ |
99,062 |
|
|
$ |
954 |
|
Met Variable-Rate Term Loans |
47,438 |
|
|
398 |
|
|
49,594 |
|
|
439 |
|
Met Citree Term Loan |
4,950 |
|
|
45 |
|
|
5,000 |
|
|
49 |
|
Pru Loans A & B |
17,707 |
|
|
245 |
|
|
23,030 |
|
|
258 |
|
Pru Loan E |
4,730 |
|
|
19 |
|
|
4,895 |
|
|
25 |
|
Pru Loan F |
4,730 |
|
|
41 |
|
|
4,895 |
|
|
42 |
|
|
177,055 |
|
|
1,613 |
|
|
186,476 |
|
|
1,767 |
|
Less current portion |
5,250 |
|
|
— |
|
|
4,550 |
|
|
— |
|
Long-term debt |
$ |
171,805 |
|
|
$ |
1,613 |
|
|
$ |
181,926 |
|
|
$ |
1,767 |
|
|
| Schedule of lines of credit |
The following table summarizes lines of credit and related deferred financing costs net of accumulated amortization at June 30, 2018 and September 30, 2017:
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|
June 30, 2018 |
|
September 30, 2017 |
|
Principal |
|
Deferred Financing Costs, Net |
|
Principal |
|
Deferred Financing Costs, Net |
|
(in thousands) |
|
|
|
|
|
|
|
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Lines of Credit: |
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|
|
|
|
|
|
RLOC |
$ |
— |
|
|
$ |
71 |
|
|
$ |
— |
|
|
$ |
109 |
|
WCLC |
— |
|
|
127 |
|
|
— |
|
|
153 |
|
Lines of Credit |
$ |
— |
|
|
$ |
198 |
|
|
$ |
— |
|
|
$ |
262 |
|
|
| Schedule of future maturities of debt and lines of credit |
Future maturities of long-term debt and lines of credit as of June 30, 2018 are as follows:
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|
|
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|
(in thousands) |
|
|
|
Due within one year |
$ |
5,250 |
|
Due between one and two years |
10,950 |
|
Due between two and three years |
10,975 |
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Due between three and four years |
14,825 |
|
Due between four and five years |
10,755 |
|
Due beyond five years |
124,300 |
|
|
|
Total future maturities |
$ |
177,055 |
|
|
| 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, |
|
2018 |
|
2017 |
|
2018 |
|
2017 |
Interest expense |
$ |
2,188 |
|
|
$ |
2,223 |
|
|
$ |
6,682 |
|
|
$ |
6,924 |
|
Interest capitalized |
166 |
|
|
74 |
|
|
447 |
|
|
201 |
|
Total |
$ |
2,354 |
|
|
$ |
2,297 |
|
|
$ |
7,129 |
|
|
$ |
7,125 |
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