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Revenue Recognition (Tables)
9 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
Summary of Disaggregation of Revenue by Major Sources

The following disaggregates our revenue by major sources for the three and nine months ended June 30, 2024 and June 30, 2023:

 

 

Three Months
Ended June 30,

 

 

Nine Months
Ended June 30,

 

(in thousands)

 

2024

 

 

2023

 

 

2024

 

 

2023

 

Petroleum Products:

 

 

 

 

 

 

 

 

 

 

 

 

Home heating oil and propane

 

$

155,161

 

 

$

122,003

 

 

$

1,014,530

 

 

$

1,123,983

 

Other petroleum products

 

 

93,840

 

 

 

101,562

 

 

 

278,319

 

 

 

338,723

 

   Total petroleum products

 

 

249,001

 

 

 

223,565

 

 

 

1,292,849

 

 

 

1,462,706

 

Installations and Services:

 

 

 

 

 

 

 

 

 

 

 

 

Equipment installations

 

 

30,143

 

 

 

27,474

 

 

 

90,682

 

 

 

85,471

 

Equipment maintenance service contracts

 

 

35,164

 

 

 

34,564

 

 

 

93,466

 

 

 

92,241

 

Billable call services

 

 

17,332

 

 

 

14,518

 

 

 

48,771

 

 

 

45,507

 

   Total installations and services

 

 

82,639

 

 

 

76,556

 

 

 

232,919

 

 

 

223,219

 

   Total Sales

 

$

331,640

 

 

$

300,121

 

 

$

1,525,768

 

 

$

1,685,925

 

 

Summary of Changes in Allowance for Credit Losses

Changes in the allowance for credit losses are as follows:

 

(in thousands)

Credit Loss Allowance

 

Balance at September 30, 2023

$

8,375

 

Current period provision

 

6,945

 

Write-offs, net and other

 

(5,292

)

Balance as of June 30, 2024

$

10,028