Quarterly report pursuant to Section 13 or 15(d)

Other Comprehensive Income (Tables)

v3.22.1
Other Comprehensive Income (Tables)
 6 Months Ended
Mar. 31, 2022
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
Amounts in accumulated other comprehensive income (AOCI), net of tax, at March 31, 2022 and September 30, 2021, were as follows (in thousands):
AOCI March 31, 2022 (unaudited) September 30, 2021
Interest rate swap contract $ 9,437  $ (31)
Unrealized loss on available-for-sale securities (154) — 
Less tax effect of other comprehensive income (loss) items (2,403) 8 
Total 6,880  (23)
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, 2020 $ — 
Net OCI changes — 
Balance at March 31, 2021 $ — 
AOCI Interest Rate Hedge
Balance at September 30, 2021 $ (23)
Net OCI changes 6,903 
Balance at March 31, 2022 $ 6,880 
Reclassification out of Accumulated Other Comprehensive Income
Amounts reclassified from AOCI to earnings are as follows (in thousands):
For the Three Months Ended March 31,
2022 2021
Interest expense $ 304  $ — 
Benefit from income taxes (78) — 
Total reclassifications from AOCI to earnings $ 226  $ — 
For the Six Months Ended March 31,
2022 2021
Interest expense $ 636  $ — 
Benefit from income taxes (164) — 
Total reclassifications from AOCI to earnings $ 472  $ —