v3.22.4
Fair Value Measurements
 3 Months Ended
Dec. 31, 2022
Fair Value Disclosures [Abstract]  
Fair Value Measurements Fair Value Measurements
Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.  A three level fair value hierarchy is used to prioritize the inputs used in valuations, as defined below:
Level 1: Observable inputs that reflect unadjusted quoted prices for identical assets or liabilities in active markets.
Level 2:
Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.
Level 3:
 Unobservable inputs for the asset or liability.

The fair values of the Company's assets and liabilities measured on a recurring basis are categorized as follows:
 December 31, 2022September 30, 2022
 Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
Assets:        
Derivatives (1)
$— $10,079 $— $10,079 $— $14,421 $— $14,421 
Life insurance policies— 4,608 — 4,608 — 4,439 — 4,439 
Total assets at fair value$— $14,687 $— $14,687 $— $18,860 $— $18,860 
Liabilities:        
Derivatives (1)
$— $2,082 $— $2,082 $— $— $— $— 
Total liabilities at fair value$— $2,082 $— $2,082 $— $— $— $— 
(1) Interest rate swaps and cross currency swaps are valued based on observable market swap rates and are classified within Level 2 of the fair value hierarchy.

The carrying values for other financial assets and liabilities approximated fair value at December 31, 2022 and September 30, 2022.