Construction Partners, Inc. Quarterly report pursuant to Section 13 or 15(d)

Other Comprehensive Income (Tables)

9 Months Ended

Jun. 30, 2023

Amounts in accumulated other comprehensive income (“AOCI”), net of tax, at June 30, 2023 and September 30, 2022, were as follows (in thousands):


AOCI	June 30, 2023 (unaudited)		September 30, 2022

Interest rate swap contract, net of blend and extend arrangement	$	23,206	$	23,761
Unrealized loss on available-for-sale securities	(581)		(566)
Less net tax effect of other comprehensive income items	(5,642)		(5,575)
Total	$	16,983	$	17,620

Changes in AOCI, net of tax, are as follows (in thousands):

Amounts reclassified from AOCI to earnings are as follows (unaudited, in thousands):



	For the Three Months Ended June 30,
	2023		2022
Interest (benefit) expense	$	(2,377)	$	55
Realized loss on restricted investments	6		—
Expense (benefit) from income taxes	612		(14)
Total reclassifications from AOCI to earnings	$	(1,759)	$	41



	For the Nine Months Ended June 30,
	2023		2022
Interest (benefit) expense	$	(5,719)	$	691
Realized loss on restricted investments	10		—
Expense (benefit) from income taxes	1,473		(178)
Total reclassifications from AOCI to earnings	$	(4,236)	$	513