FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Sep. 30, 2016

FAIR VALUE OF FINANCIAL INSTRUMENTS

Summary of change in fair value of liability

As of September 30, 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, 2014	$	—	$	—	$	—	$	—	$	—	$	—
Initial measurement recognized at acquisition		3,900		—		—		—		—		3,900
Total remeasurement recognized in earnings		3,607		—		—		—		—		3,607
Balance as of September 30, 2015	$	7,507	$	—	$	—	$	—	$	—	$	7,507
Initial measurement recognized at acquisition		—		1,602		2,000		3,100		2,500		9,202
Cash paid to seller		(5,000)		—		(1,000)		—		—		(6,000)
Adjustment to the provisional acquisition date valuation		—		(616)		(100)		—		—		(716)
Total remeasurement recognized in earnings		(507)		(419)		500		1,000		700		1,274
Balance as of September 30, 2016	$	2,000	$	567	$	1,400	$	4,100	$	3,200	$	11,267

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):

	September 30, 2016								September 30, 2015
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets
Cash equivalents	$	57,455	$	—	$	—	$	57,455	$	68,194	$	—	$	—	$	68,194
Marketable securities		—		12,996		—		12,996		—		30,533		—		30,533
Current derivative assets		—		14,770		—		14,770		—		11,543		—		11,543
Noncurrent derivative assets		—		1,201		—		1,201		—		13,909		—		13,909
Marketable securities in rabbi trust		4		—		—		4		992		—		—		992
Total assets measured at fair value		57,459		28,967		—		86,426		69,186		55,985		—		125,171
Liabilities
Current derivative liabilities		—		13,752		—		13,752		—		9,370		—		9,370
Noncurrent derivative liabilities		—		1,334		—		1,334		—		13,909		—		13,909
Contingent consideration to seller of GATR		—		—		3,200		3,200		—		—		—		—
Contingent consideration to seller of TeraLogics - contract extensions		—		—		1,400		1,400		—		—		—		—
Contingent consideration to seller of TeraLogics - revenue targets		—		—		4,100		4,100		—		—		—		—
Contingent consideration to seller of H4 Global		—		—		567		567		—		—		—		—
Contingent consideration to seller of DTECH		—		—		2,000		2,000		—		—		7,507		7,507
Total liabilities measured at fair value	$	—	$	15,086	$	11,267	$	26,353	$	—	$	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):

	September 30,		September 30,
	2016		2015
Fair value	$	210.0	$	125.8
Carrying value	$	201.0	$	126.7