Note 8 - Debt |
9 Months Ended | ||
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Jun. 30, 2026 | |||
| Notes to Financial Statements | |||
| Debt Disclosure [Text Block] |
On October 20, 2021, the Company completed a public offering of 4.875% notes due 2026 in the aggregate principal amount of $40,250,000 (the “2026 Notes”), which included the full exercise of the underwriters’ overallotment option. The initial net proceeds received were approximately $38,607,000 after considering the impact of issuance costs and underwriter discounts. The 2026 Notes bore interest at 4.875% per annum, payable on the last day of each calendar quarter and at maturity, beginning December 31, 2021. The 2026 Notes were scheduled to mature on December 31, 2026.
On May 28, 2026, the Company delivered a notice of full redemption to the trustee of the 2026 Notes, pursuant to the indenture governing the terms of the 2026 Notes.
On June 30, 2026, the aggregate outstanding principal amount of the 2026 Notes of $40.25 million, plus accrued and unpaid interest, was paid to holders of the 2026 Notes. Upon redemption, unamortized issuance costs were charged to interest expense.
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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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