v3.26.1
Derivative and Hedging Instruments (Tables)
 9 Months Ended
Jun. 30, 2026
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 June 30, 2026:
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 LocationJune 30, 2026September 30, 2025
Prepaid expenses and other current assets$1,630 $532 
Other long-term assets385 — 
Other long-term liabilities— (1,448)
Net asset (liability)$2,015 $(916)
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)
Information about the effect of the interest swap agreements in the accompanying unaudited condensed consolidated statements of operations and unaudited condensed consolidated statements of comprehensive income (loss) for the three months ended June 30, 2026 and 2025, is as follows ($ in thousands):
For the three months ended June 30,Gain or (Loss) Recognized in Accumulated Other Comprehensive Income (Loss) (effective Portion)Location of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss) to EarningsGain or (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss) to Earnings
2026$1,440 Interest expense – other and Interest expense – floor plan$156 
2025$(1,188)Interest expense – other and Interest expense – floor plan$814 
Location and Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss) to Earnings
For the three months ended June 30,Interest expense – otherInterest expense – floor plan
2026$105 $51 
2025$408 $406 
Information about the effect of the interest swap agreements in the accompanying unaudited condensed consolidated statements of operations and unaudited condensed consolidated statements of comprehensive income (loss) for the nine months ended June 30, 2026 and 2025, is as follows ($ in thousands):
For the nine months ended June 30,Gain or (Loss) Recognized in Accumulated Other Comprehensive Income (Loss) (effective Portion)Location of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss) to EarningsGain or (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss) to Earnings
2026$3,865 Interest expense – other and Interest expense – floor plan$937 
2025$4,463 Interest expense – other and Interest expense – floor plan$2,952 
Location and Amount of Gain or (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss) to Earnings
For the nine months ended June 30,Interest expense – otherInterest expense – floor plan
2026$456 $481 
2025$1,395 $1,557