Long-Term Debt and Bank Facility Borrowings (Tables)

9 Months Ended

Jun. 30, 2018

Debt Disclosure [Abstract]

Company's Debt

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

	June 30,				September 30,
	2018				2017
	Carrying Amount		Fair Value (a)		Carrying Amount		Fair Value (a)
Revolving Credit Facility Borrowings	$	41,500	$	41,500	$	-	$	-
Senior Secured Term Loan (b)		68,412		68,800		75,717		76,300
Total debt	$	109,912	$	110,300	$	75,717	$	76,300
Total long-term portion of Term Loan (b)	$	60,912	$	61,300	$	65,717	$	66,300
Total long-term portion of Revolving Credit Facility Borrowings (c)	$	33,700	$	33,700	$	-	$	-

(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, 2018 and $0.6 million as of September 30, 2017.

(c) On July 2, 2018, the Company refinanced its five-year term loan and the revolving credit facility with the execution of the fourth amended and restated revolving credit facility agreement. (See Note 14—Subsequent Events). As of June 30, 2018, the Company has classified $33.7 million of its revolving credit facility borrowings as long term debt and repaid it on July 3, 2018 using $33.7 million of proceeds provided by the fourth amended and restated revolving credit facility agreement.