Long-term Debt and Line of Credit (Tables)

3 Months Ended

Dec. 31, 2022

Long-term Debt and Line of Credit [Abstract]

Long-term Debt and Line of Credit

Long-term debt consisted of the following at:

($ in thousands)	December 31, 2022			September 30, 2022
Term note payable to Truist Bank, secured and bearing interest at 6.72% at December 31, 2022 and 5.31% at September 30, 2022. The note requires quarterly principal payments commencing on December 31, 2022 and maturing with a full repayment on August 9, 2027	$	445,000		$	445,000
Revolving note payable for an amount up to $65.0 million to Truist Bank, secured and bearing interest at 6.72% at December 31, 2022. The note requires full repayment on August 9, 2027		20,000			-
Notes payable to commercial vehicle lenders secured by the value of the vehicles bearing interest at rates ranging from 0.0% to 8.4% per annum. The notes require monthly installment payments of principal and interest ranging from $100 to $5,600 through July 2028		4,586			4,173
Note payable to Tom George Yacht Group, unsecured and bearing interest at 5.5% per annum. The note requires monthly interest payments, with a balloon payment of principal due on December 1, 2023		2,056			2,056
Note payable to Norfolk Marine Company, unsecured and bearing interest at 4.0% per annum. The note requires quarterly interest payments, with a balloon payment of principal due on December 1, 2024		1,126			1,126
Total debt outstanding		472,768			452,355
Less current portion (net of debt issuance costs)		(29,247	)		(21,642	)
Less unamortized portion of debt issuance costs		(8,851	)		(9,551	)
Long-term debt, net of current portion and unamortized debt issuance costs	$	434,670		$	421,162