Long-term Debt and Line of Credit (Tables)

6 Months Ended

Mar. 31, 2023

Long-Term Debt, Unclassified [Abstract]

Summary of Long-term Debt and Line of Credit

Long-term debt consisted of the following at:

($ in thousands)	March 31, 2023		September 30, 2022
Term note payable to Truist Bank, secured and bearing interest at 6.98% at March 31, 2023 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	$	433,875	$	445,000
Revolving note payable for an amount up to $65.0 million to Truist Bank, secured and bearing interest at 7.65% at March 31, 2023. The note requires full repayment on August 9, 2027	30,000		-
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	4,477		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	471,534		452,355
Less current portion (net of debt issuance costs)	(23,919)		(21,642)
Less unamortized portion of debt issuance costs	(8,359)		(9,551)
Long-term debt, net of current portion and unamortized debt issuance costs	$	439,256	$	421,162