FAIR VALUE MEASUREMENTS

12 Months Ended

Sep. 30, 2023

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS:

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. A three level fair value hierarchy is used to prioritize the inputs used in valuations, as defined below:

Level 1:	Observable inputs that reflect unadjusted quoted prices for identical assets or liabilities in active markets.
Level 2:	Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.
Level 3:	Unobservable inputs for the asset or liability.

As of September 30, 2023 and 2022, the fair values of the Company's assets and liabilities measured on a recurring basis were categorized as follows:

	September 30, 2023
	Level 1		Level 2		Level 3		Total
Assets:
Derivatives (1)	$	—	$	4,006	$	—	$	4,006
Equity and fixed income mutual funds	—		699		—		699
Life insurance policies	—		4,926		—		4,926
Total assets at fair value	$	—	$	9,631	$	—	$	9,631
Liabilities:
Derivatives (1)	$	—	$	2,766	$	—	$	2,766
Total liabilities at fair value	$	—	$	2,766	$	—	$	2,766

	September 30, 2022
	Level 1		Level 2		Level 3		Total
Assets:
Derivatives (1)	$	—	$	14,421	$	—	$	14,421
Equity and fixed income mutual funds	—		—		—		—
Life insurance policies	—		4,439		—		4,439
Total assets at fair value	$	—	$	18,860	$	—	$	18,860
(1) Interest rate swaps and cross currency swaps are valued based on observable market swap rates and are classified within Level 2 of the fair value hierarchy.

The carrying values for other financial assets and liabilities approximated fair value for the years ended September 30, 2023 and 2022.