Quarterly report pursuant to Section 13 or 15(d)

Investment in Derivative Instruments (Tables)

v3.23.1
Investment in Derivative Instruments (Tables)
 6 Months Ended
Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
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 interest and commodity derivative contracts for the three and six months ended March 31, 2023 and 2022 and the fair value of these derivatives as of March 31, 2023 and September 30, 2022 (in thousands):

For the Three Months Ended March 31,
2023 2022
(unaudited) (unaudited)
Change in Change in
Income Statement Classification Realized Gain (Loss) Unrealized Gain (Loss) Total Gain (Loss) Realized Gain (Loss) Unrealized Gain (Loss) Total Gain (Loss)
Cost of revenues $ 456  $ (1,279) $ (823) $ 364  $ 1,055  $ 1,419 
Interest expense, net 2,007  —  2,007  (431) 939  508 
Total $ 2,463  $ (1,279) $ 1,184  $ (67) $ 1,994  $ 1,927 

For the Six Months Ended March 31,
2023 2022
(unaudited) (unaudited)
Change in Change in
Income Statement Classification Realized Gain (Loss) Unrealized Gain (Loss) Total Gain (Loss) Realized Gain (Loss) Unrealized Gain (Loss) Total Gain (Loss)
Cost of revenues $ 1,057  $ (2,286) $ (1,229) $ 857  $ 778  $ 1,635 
Interest expense, net 3,342  —  3,342  (909) 1,352  443 
Total $ 4,399  $ (2,286) $ 2,113  $ (52) $ 2,130  $ 2,078 


March 31, 2023 September 30, 2022
Balance Sheet Classification (unaudited)
Prepaid expenses and other current assets - commodity swaps $ —  $ 1,032 
Other assets - commodity swaps —  155 
Other assets - interest rate swaps (1)
18,882  24,719 
Accrued expense and other current liabilities - commodity swaps (1,760) (601)
Other long-term liabilities - commodity swaps —  (60)
Net unrealized gain position $ 17,122  $ 25,245 
(1) Includes designated cash flow hedge of $18,882 and $24,719 as of March 31, 2023 and September 30, 2022, respectively.