XML 56 R33.htm IDEA: XBRL DOCUMENT v3.20.2
Fair Value Measurements and Derivative Instruments (Tables)
12 Months Ended
Sep. 30, 2020
Derivative Instruments Gain Loss [Line Items]  
Summary of Financial Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table summarizes the financial assets and liabilities measured at fair value on a recurring basis as of September 30, 2020 and September 30, 2019:

 

 

 

September 30, 2020

 

 

 

Carrying Value

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Other assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments held by Rabbi Trust

 

$

11.4

 

 

$

11.4

 

 

$

 

 

$

 

Fuel hedges

 

 

0.7

 

 

 

 

 

 

0.7

 

 

 

 

Total Assets

 

$

12.1

 

 

$

11.4

 

 

$

0.7

 

 

$

 

Accrued expenses and other current liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap contracts

 

$

4.5

 

 

$

 

 

$

4.5

 

 

$

 

Fuel hedges

 

 

0.8

 

 

 

 

 

 

0.8

 

 

 

 

Other liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap contracts

 

 

5.5

 

 

 

 

 

 

5.5

 

 

 

 

Obligation to Rabbi Trust

 

 

11.4

 

 

 

11.4

 

 

 

 

 

 

 

Total Liabilities

 

$

22.2

 

 

$

11.4

 

 

$

10.8

 

 

$

 

 

 

 

September 30, 2019

 

 

 

Carrying Value

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

Other assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments held by Rabbi Trust

 

$

11.1

 

 

$

11.1

 

 

$

 

 

$

 

Total Assets

 

$

11.1

 

 

$

11.1

 

 

$

 

 

$

 

Accrued expenses and other current liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap contracts

 

$

6.3

 

 

$

 

 

$

6.3

 

 

$

 

Other liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap contracts

 

 

10.9

 

 

 

 

 

 

10.9

 

 

 

 

Obligation to Rabbi Trust

 

 

11.1

 

 

 

11.1

 

 

 

 

 

 

 

Total Liabilities

 

$

28.3

 

 

$

11.1

 

 

$

17.2

 

 

$

 

Interest Rate Swaps  
Derivative Instruments Gain Loss [Line Items]  
Summary of Effects on Consolidated Financial Statements of Designated As Cash Flow Hedges

The effects on the consolidated financial statements of the interest rate swaps which were designated as cash flow hedges were as follows:

 

 

 

Fiscal Year Ended

 

 

 

September 30, 2020

 

 

September 30,

2019

 

 

September 30,

2018

 

(Loss) income recognized in Other comprehensive

   income (loss)

 

$

(10.3

)

 

$

(10.2

)

 

$

9.8

 

Net loss reclassified from Accumulated other

   comprehensive loss into Interest expense

 

 

(16.9

)

 

 

(8.1

)

 

 

(9.8

)

Fuel Swap Contracts  
Derivative Instruments Gain Loss [Line Items]  
Summary of Effects on Consolidated Financial Statements of Designated As Cash Flow Hedges

The effects on the consolidated financial statements of the fuel swaps which were designated as cash flow hedges were as follows:

 

 

 

Fiscal Year Ended

 

 

 

September 30, 2020

 

 

September 30,

2019

 

 

September 30,

2018

 

(Loss) income recognized in Other comprehensive

   income (loss)

 

$

(2.7

)

 

$

1.4

 

 

$

0.1

 

Net (loss) gain reclassified from Accumulated other

   comprehensive loss into Cost of services provided

 

 

(2.4

)

 

 

1.1