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Fair Value of Financial Instruments (Tables)
12 Months Ended
Sep. 30, 2019
Fair Value Disclosures [Abstract]  
Fair Value of Company's Short-term Investments, Contingent Consideration And Foreign Currency Forward Contracts

The following tables present the fair value of the Company’s short-term investments, contingent consideration and foreign currency forward contracts by valuation hierarchy and input (in thousands):

 

 

 

AS OF SEPTEMBER 30, 2019

 

 

 

Quoted Prices

in Active

Markets for

Identical Assets

(Level 1)

 

 

Significant Other

Observable

(Level 2)

 

 

Significant

Unobservable

(Level 3)

 

 

Totals

 

Contingent consideration

 

$

 

 

$

 

 

$

(9,940

)

 

$

(9,940

)

Foreign currency forward contract

 

 

 

 

 

(4

)

 

 

 

 

 

(4

)

Total

 

$

-

 

 

$

(4

)

 

$

(9,940

)

 

$

(9,944

)

 

 

 

AS OF SEPTEMBER 30, 2018

 

 

 

Quoted Prices

in Active

Markets for

Identical Assets

(Level 1)

 

 

Significant Other

Observable

(Level 2)

 

 

Significant

Unobservable

(Level 3)

 

 

Totals

 

Short-term investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Corporate bonds

 

$

17,791

 

 

$

 

 

$

 

 

$

17,791

 

Government bonds

 

 

7,680

 

 

 

 

 

 

 

 

 

7,680

 

Contingent consideration

 

 

 

 

 

 

 

 

(7,713

)

 

 

(7,713

)

Foreign currency forward contract

 

 

 

 

 

(270

)

 

 

 

 

 

(270

)

Total

 

$

25,471

 

 

$

(270

)

 

$

(7,713

)

 

$

17,488

 

 

Changes in Fair Value of Company Level 3 Financial Instruments

 

The following table summarizes changes in the fair value of the Company’s Level 3 financial instruments for the fiscal year ended September 30, 2019:

 

Balance at October 1, 2018

 

$

7,713

 

Contingent consideration pursuant to acquisitions

 

 

4,342

 

Fair value adjustments

 

 

(2,115

)

Balance at September 30, 2019

 

$

9,940