XML 51 R35.htm IDEA: XBRL DOCUMENT v3.22.0.1
Fair Value Measurements (Tables)
3 Months Ended
Dec. 31, 2021
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis The following table presents the Company’s financial assets and liabilities at fair value. The fair values related to the pension plan assets are determined using net asset value (“NAV”) as a practical expedient, or by information categorized in the fair value hierarchy level based on the inputs used to determine fair value. The reported carrying amounts of deferred compensation plan assets and liabilities and debt approximate their fair values. The Company uses interest rates and other relevant information generated by market transactions involving similar instruments to measure the fair value of these assets and liabilities, therefore all are classified as Level 2 within the valuation hierarchy.
Net Asset Value
Quoted Market
Prices in Active
Markets (Level 1)
Significant Other
Observable Inputs
(Level 2)
Significant
Unobservable Inputs
(Level 3)
As of December 31, 2021
Assets:
Pension plan
Cash $— $756 $— $— 
Global Multi-Asset Fund15,093 — — — 
Government Securities 2,494 — — — 
Liability Driven Investment 6,201 — — — 
Guernsey Unit Trust 2,493 — — — 
Global Absolute Return 2,221 — — — 
Deferred compensation plan assets
Cash— 1,235 — — 
Mutual Funds— 17,769 — — 
Total return swaps—deferred compensation— — 55 — 
Interest rate swaps— — 9,469 — 
Foreign currency forward contracts— — 19 — 
Commodity swaps— — — 
Liabilities:
Pension plan — — (45,394)— 
Deferred compensation plan liabilities — — (25,331)— 
Long‑term debt — — (738,585)— 
Interest rate swaps— — (156)— 
Foreign currency forward contracts— — (29)— 
Earn-outs related to acquisitions— — — (50)
Purchase Right— — — (8,305)
Net Asset ValueQuoted Market
Prices in Active
Markets (Level 1)
Significant Other
Observable Inputs
(Level 2)
Significant
Unobservable Inputs
(Level 3)
As of September 30, 2021
Assets:
Pension plan
Cash$— $831 $— $— 
Global Multi-Asset Fund15,244 — — — 
Government Securities5,158 — — — 
Liability Driven Investment2,793 — — — 
Guernsey Unit Trust2,387 — — — 
Global Absolute Return2,225 — — — 
Deferred compensation plan assets
Cash— 1,251 — — 
Mutual Funds— 17,806 — — 
Interest rate swaps— — 3,127 — 
Foreign currency forward contracts— — 24 — 
Liabilities:
Pension plan— — (46,013)— 
Deferred compensation plan liabilities— — (24,382)— 
Total return swaps—deferred compensation— — (130)— 
Long‑term debt— — (752,988)— 
Interest rate swaps— — (303)— 
Foreign currency forward contracts— — (102)— 
Commodity swaps— — (19)— 
Earn-outs related to acquisitions— — — (150)
Purchase Right— — — (8,305)