Quarterly report pursuant to Section 13 or 15(d)

Other Comprehensive Income (Tables)

v3.24.0.1
Other Comprehensive Income (Tables)
 3 Months Ended
Dec. 31, 2023
Other Comprehensive Income (Loss), Tax [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
Amounts in accumulated other comprehensive income (“AOCI”), net of tax, at December 31, 2023 and September 30, 2023, were as follows (in thousands):
AOCI December 31, 2023 (unaudited) September 30, 2023
Interest rate swap contract, net of blend and extend arrangement $ 16,114  $ 25,533 
Unrealized loss on available-for-sale securities (342) (847)
Less tax effect of other comprehensive income (loss) items (3,783) (5,992)
Total 11,989  18,694 
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)
Changes in AOCI, net of tax, are as follows (in thousands):

AOCI Interest Rate Hedge
Balance at September 30, 2023 $ 18,694 
Net OCI changes (6,705)
Balance at December 31, 2023 (unaudited) $ 11,989 

AOCI Interest Rate Hedge
Balance at September 30, 2022 $ 17,620 
Net OCI changes (1,256)
Balance at December 31, 2022 (unaudited) $ 16,364 
Reclassification out of Accumulated Other Comprehensive Income Amounts reclassified from AOCI to earnings are as follows (unaudited, in thousands):
For the Three Months Ended December 31,
2023 2022
Interest expense (benefit) $ (2,638) $ (1,335)
Benefit from income taxes 654  344 
Total reclassifications from AOCI to earnings $ (1,984) $ (991)