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FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Sep. 30, 2023
FAIR VALUE MEASUREMENTS [Abstract]  
Assets and Liabilities Measured at Fair Value on Recurring Basis
The following table presents the Company’s assets and liabilities that are measured at fair value on a recurring basis based on the three-level valuation hierarchy (in thousands):

   
Total fair value at
September 30, 2023
   
Quoted prices in active
markets for identical
assets (Level 1)
   
Significant other
observable inputs
(Level 2)
   
Significant
unobservable inputs
(Level 3)
 
Assets:
                       
Investment in Rubicon at fair value
 
$
1,573
   
$
1,573
   
$
   
$
 
 
 
$
1,573
   
$
1,573
   
$
   
$
 
Liabilities:
                               
Contingent earnout liabilities
 
$
2,330
   
$
   
$
   
$
2,330
 
 
 
$
2,330
   
$
   
$
   
$
2,330
 

   
Total fair value at
September 30, 2022
   
Quoted prices in active
markets for identical
assets (Level 1)
   
Significant other
observable inputs
(Level 2)
   
Significant
unobservable inputs
(Level 3)
 
Assets:
                       
Investment in Rubicon at fair value
 
$
2,371
   
$
2,371
   
$
   
$
 
 
 
$
2,371
   
$
2,371
   
$
   
$
 
Liabilities:
                               
Contingent earnout liabilities
 
$
4,580
   
$
   
$
   
$
4,580
 
 
 
$
4,580
   
$
   
$
   
$
4,580
 
Changes in Fair Value of Contingent Earnout Liabilities Measured at Fair Value on Recurring Basis Utilizing Level 3 Assumptions
The following table sets forth a summary of the changes in the fair value of the Company’s contingent earnout liabilities, which are measured at fair value on a recurring basis utilizing Level 3 assumptions in their valuation (in thousands):

 
 
September 30,
 
   
2023
   
2022
 
Balance at beginning of year
 
$
4,580
    $ 3,600  
Fair value of contingent consideration recorded in connection with business combinations
   
300
     
 
Earnout payment
    (1,693 )      
Fair value adjustment of contingent earnout liabilities
    (857 )     980  
Balance at end of year
 
$
2,330
    $ 4,580