Annual report pursuant to Section 13 and 15(d)

Investment in Derivative Instruments (Tables)

v3.23.3
Investment in Derivative Instruments (Tables)
 12 Months Ended
Sep. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of derivatives instruments statements of financial performance and financial position, location
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 fiscal years ended September 30, 2023, 2022 and 2021 and the fair value of these derivatives as of September 30, 2023 and 2022 (in thousands):

For the Fiscal Year Ended September 30,
2023 2022 2021
Change in Change in Change in
Realized Gain (Loss) Unrealized Gain (Loss) Total Gain (Loss) Realized Gain (Loss) Unrealized Gain (Loss) Total Gain (Loss) Realized Gain (Loss) Unrealized Gain (Loss) Total Gain (Loss)
Cost of revenues $ (2,255) $ (342) $ (2,597) $ 3,472  $ (1,286) $ 2,186  $ 830  $ 2,315  $ 3,145 
Interest expense, net 8,297  —  8,297  (806) 1,668  862  (890) 894  4 
Total $ 6,042  $ (342) $ 5,700  $ 2,666  $ 382  $ 3,048  $ (60) $ 3,209  $ 3,149 
September 30,
Balance Sheet Classification 2023 2022
Prepaid expenses and other current assets - commodity swaps(2)
$ 204  $ 1,032 
Other assets - commodity swaps(2)
—  155 
Other assets - interest rate swap (1)
26,909  24,719 
Accrued expense and other current liabilities - commodity swaps(2)
(20) (601)
Other long-term liabilities - commodity swaps(2)
—  (60)
Net unrealized gain (loss) position $ 27,093  $ 25,245 

(1) Represents designated cash flow hedge of $26.9 million and $24.7 million as of September 30, 2023 and 2022, respectively.
(2) Represents derivatives not designated as hedges.