v3.25.1
Derivative and Hedging Instruments (Tables)
 6 Months Ended
Mar. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Positions The following table provides information on the attributes of each swap as of March 31, 2025:
Inception DateHedged RateNotional Value at Inception (in thousands)Maturity Date
September 2024SOFR$200,000 September 2027
September 2024Term SOFR$200,000 September 2027
Schedule of Interest Rate Derivatives The following table provides information regarding the fair value of the interest rate swap agreements and the impact on the unaudited condensed consolidated balance sheets at ($ in thousands):
Balance Sheet LocationMarch 31, 2025September 30, 2024
Prepaid expenses and other current assets$1,787 $1,560 
Other long-term liabilities(340)(3,626)
Net asset (liability)$1,447 $(2,066)
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) Information about the effect of the interest swap agreements in the accompanying unaudited condensed consolidated statements of operations and unaudited condensed consolidated statements of comprehensive income (loss), is as follows ($ in thousands):
For the three months ended March 31,Results Recognized in Accumulated Other Comprehensive Income (Loss) (effective Portion)Location of Results Reclassified from Accumulated Other Comprehensive Income (Loss) to EarningsResults Reclassified from Accumulated Other Comprehensive Income (Loss) to Earnings
2025$(2,922)Interest expense – other and Interest expense – floor plan$854 
2024$— Interest expense – other and Interest expense – floor plan$— 
For the six months ended March 31,Results Recognized in Accumulated Other Comprehensive Income (Loss) (effective Portion)Location of Results Reclassified from Accumulated Other Comprehensive Income (Loss) to EarningsResults Reclassified from Accumulated Other Comprehensive Income (Loss) to Earnings
2025$5,651 Interest expense – other and Interest expense – floor plan$2,138 
2024$— Interest expense – other and Interest expense – floor plan$— 
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location
The following table sets forth the location and amount of gain or (loss) recognized in earnings on cash flow hedging relationships for the three and six months ended March 31, 2025 and 2024 ($ in thousands):
Three Months Ended March 31, 2025Three Months Ended March 31, 2024
Interest expense – otherInterest expense – floor planInterest expense – otherInterest expense – floor plan
Amount of gain (loss) reclassified from accumulated other comprehensive income (loss) to earnings$419 $435 $— $— 
Six Months Ended March 31, 2025Six Months Ended March 31, 2024
Interest expense – otherInterest expense – floor planInterest expense – otherInterest expense – floor plan
Amount of gain (loss) reclassified from accumulated other comprehensive income (loss) to earnings$987 $1,151 $— $—