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POSTRETIREMENT BENEFITS (Tables)
 12 Months Ended
Sep. 30, 2025
Retirement Benefits [Abstract]  
Schedule of Net Periodic Benefit Cost The net periodic cost for the periods presented was as follows: 
Fiscal Year Ended
(in thousands)September 30, 2025September 30, 2024September 30, 2023
Interest cost$4,556 $5,264 $5,175 
Expected return on plan assets(4,323)(3,364)(5,027)
Amortization of actuarial loss208 266 667 
Net periodic cost$441 $2,166 $815 

The weighted-average assumptions used to determine net periodic pension cost during the period were as follow:
September 30, 2025September 30, 2024September 30, 2023
Discount rate4.9 %5.8 %5.4 %
Expected return on plan assets4.0 %3.3 %5.0 %
Rate of compensation increaseN/aN/aN/a
Schedule of Change in Benefit Obligations and Plan Assets
The change in the benefit obligations, plan assets and the amounts recognized on the consolidated balance sheets was as follows (in thousands):

Change in benefit obligations:
Balance as of September 30, 2023$95,330 
Interest cost5,264 
Actuarial gain8,979 
Benefits and administrative expenses paid(6,384)
Balance as of September 30, 2024103,189 
Interest cost4,556 
Actuarial loss(3,432)
Benefits and administrative expenses paid(6,559)
Balance as of September 30, 2025$97,754 
 
Change in plan assets:
Balance as of September 30, 2023$105,443 
Actual return on plan assets12,599 
Employer contributions276 
Benefits and administrative expenses paid(6,384)
Balance as of September 30, 2024111,934 
Actual return on plan assets677 
Employer contributions280 
Benefits and administrative expenses paid(6,558)
Balance as of September 30, 2025$106,333 
Funded status:
Funded status as of September 30, 2024$8,745 
Funded status as of September 30, 2025$8,578 
Schedule of Amounts Recognized in Balance Sheet
(in thousands)September 30, 2025September 30, 2024
Amounts recognized in the consolidated balance sheets consist of:
Pension Non-Current Assets $8,578 $8,745 
Pension liabilities— — 
Net amount recognized$8,578 $8,745 
  
Amounts recognized in accumulated other comprehensive loss (before income taxes) consist of:
Net actuarial loss$(15,113)$(15,108)
Total loss recognized$(15,113)$(15,108)
  
Weighted-average assumptions used to determine pension benefit obligations at year end:
Discount rate5.2 %4.9 %
Rate of compensation increaseN/aN/a
Schedule of Accumulated Benefit Obligations in Excess of Fair Value of Plan Assets
The following table summarizes the defined benefit pension plans with accumulated benefit obligations in excess of plan assets:
(in thousands)September 30, 2025September 30, 2024
Accumulated benefit obligation$— $— 
Fair value of plan assets— — 
The following table summarizes the defined benefit pension plans with projected benefit obligations in excess of plan assets:
(in thousands)September 30, 2025September 30, 2024
Projected benefit obligation$— $— 
Fair value of plan assets— — 
Schedule of Allocation of Plan Assets
Pension plans have the following weighted-average asset allocations:
Asset Category:September 30, 2025September 30, 2024
Debt securities97%96%
Cash and cash equivalents3%4%
Total100%100%
The Company’s asset allocations are presented in the table below:

September 30, 2025September 30, 2024
(in thousands)Level 1Level 2TotalLevel 1Level 2Total
Fixed income securities$31,389 $71,355 $102,744 $34,077 $73,394 $107,471 
Cash and cash equivalents 3,589 — 3,589 4,463 — 4,463 
Total$34,978 $71,355 $106,333 $38,540 $73,394 $111,934 
Schedule of Future Benefit Payments
Benefit payments, which reflect future expected service as appropriate, are expected to be paid in each fiscal year as follows:

(in thousands)
2026$7,333 
20277,383 
20287,417 
20297,457 
20307,482 
2030 to 203436,705