Fair Value of Financial Instruments (Tables)

12 Months Ended

Sep. 30, 2020

Fair Value of Company's Contingent Consideration, Investment in Debt Security and Foreign Currency Forward Contracts by Valuation Hierarchy

The following tables present the fair value of the Company’s contingent consideration and foreign currency forward contract by valuation hierarchy and input (in thousands):

AS OF SEPTEMBER 30, 2020

Quoted Prices

in Active

Markets for

Identical Assets

(Level 1)

Significant Other

Observable

(Level 2)

Significant

Unobservable

(Level 3)

Totals

Contingent consideration

—

(10,962

)

(10,962

)

	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	)

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 years ended September 30, 2019 and 2020:

Balance at October 1, 2018	$	7,713
Business acquisition		4,342
Fair value adjustments		(2,115	)
Balance at September 30, 2019		9,940
Fair value adjustments		1,100
Payment of contingent consideration		(78	)
Balance at September 30, 2020	$	10,962