Quarterly report pursuant to Section 13 or 15(d)

Other Comprehensive Income (Loss) (Tables)

v3.23.1
Other Comprehensive Income (Loss) (Tables)
 6 Months Ended
Mar. 31, 2023
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
Amounts in accumulated other comprehensive income (“AOCI”), net of tax, at March 31, 2023 and September 30, 2022, were as follows (in thousands):
AOCI March 31, 2023 (unaudited) September 30, 2022
Interest rate swap contract, net of blend and extend arrangement $ 17,715  $ 23,761 
Unrealized loss on available-for-sale securities (417) (566)
Less net tax effect of other comprehensive income items (4,313) (5,575)
Total $ 12,985  $ 17,620 
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)
Changes in AOCI, net of tax, are as follows (in thousands):
AOCI
Balance at September 30, 2022 $ 17,620 
Net OCI changes (4,635)
Balance at March 31, 2023 (unaudited) $ 12,985 
AOCI
Balance at September 30, 2021 $ (23)
Net OCI changes 6,903 
Balance at March 31, 2022 (unaudited) $ 6,880 
Reclassification out of Accumulated Other Comprehensive Income
Amounts reclassified from AOCI to earnings are as follows (unaudited, in thousands):
For the Three Months Ended March 31,
2023 2022
Interest (benefit) expense $ (2,007) $ 304 
Realized loss on restricted investments (4) — 
Expense (benefit) from income taxes 517  (78)
Total reclassifications from AOCI to earnings $ (1,494) $ 226 
For the Six Months Ended March 31,
2023 2022
Interest (benefit) expense $ (3,342) $ 636 
Realized loss on restricted investments (4) — 
Expense (benefit) from income taxes 861  (164)
Total reclassifications from AOCI to earnings $ (2,485) $ 472