v3.26.1
Derivatives and Hedging Activities (Tables)
9 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments The following table summarizes the terms of our outstanding interest rate cap agreements as reported in prepaid and other current assets on our condensed consolidated balance sheets:
Fair Value at
Underlying InstrumentMaturity DateStrike RateNotional AmountJune 30, 2026September 30, 2025
Raleigh, NC mortgage loan8/15/20283.00%$47,870 $1,015 $760 
Orlando, FL mortgage loan10/1/20283.00%$59,984 1,341 998 
$2,356 $1,758 
The following table summarizes the activity related to our cash flow hedges within cumulative other comprehensive income for the three and nine months ended June 30, 2026. There was no activity related to our cash flow hedges within other comprehensive income for the three and nine months ended June 30, 2025 as these mortgages were entered into in the fourth fiscal quarter of 2025:
Three Months Ended June 30, 2026Nine Months Ended June 30, 2026
Amount of gain recognized on derivatives in other comprehensive income$556 $1,232 
Amount of gain reclassified from cumulative other comprehensive income (loss) into interest expense$17 $156 
Total amount of interest expense presented in the consolidated statements of comprehensive income$(3,205)$(8,463)