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Fair Value Measurements (Tables)
12 Months Ended
Sep. 30, 2024
Fair Value Disclosures [Abstract]  
Summary of Financial Assets that are Measured at Fair Value and Indicates the Fair Value Hierarchy of the Valuation Inputs

The following table presents information about our financial assets that are measured at fair value and indicates the fair value hierarchy of the valuation inputs used (dollars in thousands) as of:

 

 

 

September 30, 2024

 

 

Fair Value

 

 

Cash and Cash Equivalents

 

 

Marketable Securities

 

Level 1:

 

 

 

 

 

 

 

 

 

Money market funds $77,785 at cost (a)

 

$

77,785

 

 

$

77,785

 

 

$

-

 

Level 2:

 

 

 

 

 

 

Government securities $3,940 at cost (b)

 

 

3,950

 

 

 

-

 

 

 

3,950

 

Time deposits, $3,700 at cost (a)

 

 

3,700

 

 

 

3,700

 

 

 

-

 

Corporate bonds, $4,984 at cost (b)

 

 

5,005

 

 

 

-

 

 

 

5,005

 

Convertible debt, $2,000 at cost (c)

 

 

3,099

 

 

 

-

 

 

 

-

 

Total assets

 

$

93,539

 

 

$

81,485

 

 

$

8,955

 

 

 

 

 

September 30, 2023

 

 

Fair Value

 

 

Cash and Cash Equivalents

 

 

Marketable Securities

 

Level 1:

 

 

 

 

 

 

 

 

Money market funds $66,349 at cost (a)

 

$

66,349

 

 

$

66,349

 

 

$

-

 

Government securities $4,421 at cost (b)

 

 

4,375

 

 

 

-

 

 

 

4,375

 

Level 2:

 

 

 

 

 

 

 

 

Government securities $5,046 at cost (b)

 

 

5,000

 

 

 

-

 

 

 

5,000

 

Time deposits, $8,536 at cost (a)

 

 

8,536

 

 

 

8,536

 

 

 

-

 

Commercial paper, $496 at cost (b)

 

 

496

 

 

 

-

 

 

 

496

 

Corporate bonds, $10,073 at cost (b)

 

 

9,947

 

 

 

-

 

 

 

9,947

 

Debt securities, $2,000 at cost (c)

 

 

2,847

 

 

 

-

 

 

 

-

 

Total assets

 

$

97,550

 

 

$

74,885

 

 

$

19,818

 

(a)
Money market funds and other highly liquid investments with original maturities of 90 days or less are included within Cash and cash equivalents in the Consolidated Balance Sheets.
(b)
Government securities, commercial paper and corporate bonds with original maturities greater than 90 days are included within Marketable securities in the Consolidated Balance Sheets and classified as current or noncurrent based upon whether the maturity of the financial asset is less than or greater than 12 months.
(c)
Debt securities are classified as current within the Consolidated Balance Sheet based upon whether the maturity of the financial asset is less than or greater than 12 months. During the second quarter of fiscal year 2023, we obtained debt securities in a privately held company as part of a non-cash transaction.