Long-term Debt and Line of Credit (Tables)

9 Months Ended

Jun. 30, 2024

Long-Term Debt, Unclassified [Abstract]

Summary of Long-term Debt and Line of Credit

Long-term debt consisted of the following at:

($ in thousands except monthly payment amounts)	June 30, 2024		September 30, 2023
Term note payable to Truist Bank, secured and bearing interest at 7.80% at June 30, 2024 and 7.53% at September 30, 2023. The note requires quarterly principal payments commencing on December 31, 2022 and maturing with a full repayment on August 9, 2027	$	383,813	$	428,313
Revolving note payable for an amount up to $65.0 million to Truist Bank, secured and bearing interest at 7.81% at June 30, 2024 and 7.50% at September 30, 2023. The note requires full repayment on August 9, 2027	45,000		30,000
Notes payable to commercial vehicle lenders secured by the value of the vehicles bearing interest at rates ranging from 0.0% to 10.8% per annum. The notes require monthly installment payments of principal and interest ranging from $200 to $3,100 through April 2029	2,843		3,645
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
Note payable to Tom George Yacht Group, unsecured and bearing interest at 5.5% per annum. The note requires quarterly interest payments, with a balloon payment of principal due on December 1, 2023	—		2,056
Total debt outstanding	432,782		465,140
Less current portion (net of debt issuance costs)	(8,632)		(29,324)
Less unamortized portion of debt issuance costs	(6,551)		(7,377)
Long-term debt, net of current portion and unamortized debt issuance costs	$	417,599	$	428,439