Fair Value of Financial Instruments (Tables)

6 Months Ended

Mar. 31, 2016

Fair Value of Financial Instruments

Summary of change in fair value of liability

As of March 31, 2016, the following table summarizes the change in fair value of our Level 3 contingent consideration liability (in thousands):

		DTECH		H4		TeraLogics (Contract Extensions)		TeraLogics (Revenue Targets)		GATR		Total
Balance as of September 30, 2015	$	7,507	$	—	$	—	$	—	$	—	$	7,507
Initial measurement recognized at acquisition		—		1,602		2,000		3,100		—		6,702
Cash paid to seller		(5,000)		—		—		—		—		(5,000)
Total remeasurement recognized in earnings		809		—		—		—		—		809
Balance as of December 31, 2015	$	3,316	$	1,602	$	2,000	$	3,100	$	—	$	10,018
Initial measurement recognized at acquisition		—		—		—		—		2,500		2,500
Adjustment to the provisional acquisition date valuation		—		(616)		(100)		—		—		(716)
Total remeasurement recognized in earnings		1,084		(187)		100		(200)		100		897
Balance as of March 31, 2016	$	4,400	$	799	$	2,000	$	2,900	$	2,600	$	12,699

Summary of assets and liabilities measured and recorded at fair value on Balance Sheet on a recurring basis

The following table presents assets and liabilities measured and recorded at fair value on our balance sheets on a recurring basis (in thousands):

	March 31, 2016
	Level 1		Level 2		Level 3		Total
Assets
Cash equivalents	$	65,035	$	—	$	—	$	65,035
Marketable securities		—		14,381		—		14,381
Current derivative assets		—		13,613		—		13,613
Noncurrent derivative assets		—		841		—		841
Marketable securities in rabbi trust		553		—		—		553
Total assets measured at fair value	$	65,588	$	28,835	$	—	$	94,423
Liabilities
Current derivative liabilities	$	—	$	13,002	$	—	$	13,002
Noncurrent derivative liabilities		—		918		—		918
Contingent consideration to seller of GATR		—		—		2,600		2,600
Contingent consideration to seller of TeraLogics - contract extensions		—		—		2,000		2,000
Contingent consideration to seller of TeraLogics - revenue targets		—		—		2,900		2,900
Contingent consideration to seller of H4 Global		—		—		799		799
Contingent consideration to seller of DTECH		—		—		4,400		4,400
Total liabilities measured at fair value	$	—	$	13,920	$	12,699	$	26,619
	September 30, 2015
	Level 1		Level 2		Level 3		Total
Assets
Cash equivalents	$	68,194	$	—	$	—	$	68,194
Marketable securities		—		30,533		—		30,533
Current derivative assets		—		11,543		—		11,543
Noncurrent derivative assets		—		13,909		—		13,909
Marketable securities in rabbi trust		992		—		—		992
Total assets measured at fair value	$	69,186	$	55,985	$	—	$	125,171
Liabilities
Current derivative liabilities	$	—	$	9,370	$	—	$	9,370
Noncurrent derivative liabilities		—		13,909		—		13,909
Contingent consideration to seller of DTECH		—		—		7,507		7,507
Total liabilities measured at fair value	$	—	$	23,279	$	7,507	$	30,786

Schedule of estimated fair value and carrying value of our long-term debt

The following table presents the estimated fair value and carrying value of our long-term debt (in millions):

	March 31,		September 30,
	2016		2015
Fair value	$	206.6	$	125.8
Carrying value	$	201.4	$	126.7