| Schedule of Derivatives Instruments, Income Statement and Balance Sheet Classification |
The following table represents the approximate amount of realized and unrealized gains (losses) and changes in fair value recognized in earnings on commodity derivative contracts for the three and six months ended March 31, 2022 and 2021 and the fair value of these derivatives as of March 31, 2022 and September 30, 2021 (in thousands):
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For the Three Months Ended March 31, |
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2022 |
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2021 |
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Change in |
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Change in |
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| Income Statement Classification |
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Realized Gain (Loss) |
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Unrealized Gain (Loss) |
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Total Gain (Loss) |
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Realized Gain (Loss) |
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Unrealized Gain (Loss) |
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Total Gain (Loss) |
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| Cost of revenues |
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$ |
364 |
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$ |
1,055 |
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$ |
1,419 |
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$ |
94 |
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$ |
813 |
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$ |
907 |
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| Interest expense, net |
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(431) |
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939 |
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508 |
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(168) |
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400 |
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232 |
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| Total |
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$ |
(67) |
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$ |
1,994 |
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$ |
1,927 |
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$ |
(74) |
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$ |
1,213 |
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$ |
1,139 |
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For the Six Months Ended March 31, |
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2022 |
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2021 |
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Change in |
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Change in |
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| Income Statement Classification |
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Realized Gain (Loss) |
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Unrealized Gain (Loss) |
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Total Gain (Loss) |
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Realized Gain (Loss) |
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Unrealized Gain (Loss) |
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Total Gain (Loss) |
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| Cost of revenues |
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$ |
857 |
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$ |
778 |
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$ |
1,635 |
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$ |
(45) |
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$ |
1,758 |
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$ |
1,713 |
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| Interest expense, net |
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(909) |
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1,352 |
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443 |
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(348) |
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619 |
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271 |
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| Total |
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$ |
(52) |
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$ |
2,130 |
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$ |
2,078 |
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$ |
(393) |
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$ |
2,377 |
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$ |
1,984 |
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March 31, 2022 |
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September 30, 2021 |
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| Balance Sheet Classification |
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(unaudited) |
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| Prepaid expenses and other current assets - commodity swaps |
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$ |
2,616 |
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$ |
990 |
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| Other assets - commodity swaps |
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39 |
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822 |
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Other assets - interest rate swaps (1)
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9,991 |
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— |
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| Accrued expense and other current liabilities - interest rate swaps |
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(16) |
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(97) |
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| Other long-term liabilities - commodity swaps |
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(65) |
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— |
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Other long-term liabilities - interest rate swaps (2)
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— |
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(748) |
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| Net unrealized gain position |
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$ |
12,565 |
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$ |
967 |
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(1) Includes designated cash flow hedge of $9,437 and $0 as of March 31, 2022 and September 30, 2021, respectively.
(2) Includes designated cash flow hedge of $0 and $(31) as of March 31, 2022 and September 30, 2021, respectively.
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