Long-Term Debt and Bank Facility Borrowings (Tables)

9 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Company's Debt

The Company’s debt is as follows (in thousands):

	June 30,				September 30,
	2022				2021
	Carrying Amount		Fair Value (a)		Carrying Amount		Fair Value (a)
Revolving Credit Facility Borrowings	$	129,510	$	129,510	$	8,618	$	8,618
Senior Secured Term Loan (b)		95,514		95,885		110,006		110,500
Total debt	$	225,024	$	225,395	$	118,624	$	119,118
Total short-term portion of debt (c)	$	71,895	$	71,895	$	26,239	$	26,239
Total long-term portion of debt (b), (c)	$	153,129	$	153,500	$	92,385	$	92,879

(a)The face amount of the Company’s variable rate long-term debt approximates fair value.

(b)Carrying amounts are net of unamortized debt issuance costs of $0.4 million as of June 30, 2022 and $0.5 million as of September 30, 2021.

(c)On July 6, 2022, the Company refinanced its five-year term loan and the revolving credit facility with the execution of the sixth amended and restated revolving credit facility agreement. (See Note 16—Subsequent Events). As of June 30, 2022, the Company has classified $69.1 million of its revolving credit facility borrowings as long term debt. Proceeds from the new term loan were used to repay the outstanding balance of the existing term loan ($95.9 million) and $69.1 million of the revolving credit facility borrowings.