v3.25.4
Fair Value Measurements
 3 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Fair Value Measurements Fair Value Measurements
The following table presents the Company’s assets and liabilities measured at fair value on a recurring basis as of December 31, 2025 and September 30, 2025 under ASC 820, Fair Value Measurements (in thousands):
December 31, 2025September 30, 2025
(unaudited)
Level 2Level 2
Assets:
Interest rate swap$6,444 $7,916 
U.S. government securities12,201 13,971 
Corporate debt securities5,388 5,671 
Municipal government securities1,025 1,157 
Other debt securities2,494 2,377 
Total assets$27,552 $31,092 

The fair value of the interest rate swap contract is based on a model-driven valuation using the observable components (e.g., interest rates), which are observable at commonly quoted intervals for the full term of the contracts. The fair value of the Company’s commodity swap contracts is based on an analysis of the expected cash flow of the contract in combination with observable forward price inputs obtained from a third-party pricing source. The calculations are adjusted for credit risk. Therefore, the Company’s derivative assets and liabilities are classified within Level 2 of the fair value hierarchy. Derivative assets are included within “Prepaid expenses and other current assets” and “Other assets” on the Company’s Consolidated Balance Sheets. Derivative liabilities are included within “Accrued expense and other current liabilities” and “Other long-term liabilities” on the Company’s Consolidated Balance Sheets.