Quarterly report pursuant to Section 13 or 15(d)

Investment in Derivative Instruments (Tables)

v3.23.2
Investment in Derivative Instruments (Tables)
9 Months Ended
Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivatives Instruments, Income Statement and Balance Sheet Classification
The following table represents the approximate amount of realized and unrealized gains (losses) and changes in fair value recognized in earnings on interest and commodity derivative contracts for the three and nine months ended June 30, 2023 and 2022 and the fair value of these derivatives as of June 30, 2023 and September 30, 2022 (in thousands):

For the Three Months Ended June 30,
2023 2022
(unaudited) (unaudited)
Change in Change in
Income Statement Classification Realized Gain (Loss) Unrealized Gain (Loss) Total Gain (Loss) Realized Gain (Loss) Unrealized Gain (Loss) Total Gain (Loss)
Cost of revenues $ (970) $ 878  $ (92) $ 1,349  $ 143  $ 1,492 
Interest expense, net 2,377  —  2,377  (121) 316  195 
Total $ 1,407  $ 878  $ 2,285  $ 1,228  $ 459  $ 1,687 

For the Nine Months Ended June 30,
2023 2022
(unaudited) (unaudited)
Change in Change in
Income Statement Classification Realized Gain (Loss) Unrealized Gain (Loss) Total Gain (Loss) Realized Gain (Loss) Unrealized Gain (Loss) Total Gain (Loss)
Cost of revenues $ (2,027) $ (1,408) $ (3,435) $ 2,206  $ 921  $ 3,127 
Interest expense, net 5,719  —  5,719  (1,030) 1,668  638 
Total $ 3,692  $ (1,408) $ 2,284  $ 1,176  $ 2,589  $ 3,765 


June 30, 2023 September 30, 2022
Balance Sheet Classification (unaudited)
Prepaid expenses and other current assets - commodity swaps $ 16  $ 1,032 
Other assets - commodity swaps —  155 
Other assets - interest rate swaps (1)
24,478  24,719 
Accrued expense and other current liabilities - commodity swaps (898) (601)
Other long-term liabilities - commodity swaps —  (60)
Net unrealized gain position $ 23,596  $ 25,245 
(1) Includes designated cash flow hedge of $24,478 and $24,719 as of June 30, 2023 and September 30, 2022, respectively.