Fair Value of Financial Instruments (Tables)

9 Months Ended

Jun. 30, 2019

Fair Value of Financial Instruments

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):

	June 30, 2019								September 30, 2018
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets
Cash equivalents	$	—	$	—	$	—	$	—	$	9,000	$	—	$	—	$	9,000
Current derivative assets		—		2,019		—		2,019		—		1,803		—		1,803
Noncurrent derivative assets		—		314		—		314		—		314		—		314
Noncurrent investment assets		—		—		3,076		3,076		—		—		—		—
Total assets measured at fair value	$	—	$	2,333	$	3,076	$	5,409	$	9,000	$	2,117	$	—	$	11,117
Liabilities
Current derivative liabilities		—		1,263		—		1,263		—		1,657		—		1,657
Noncurrent derivative liabilities		—		116		—		116		—		75		—		75
Contingent consideration to seller of Deltenna		—		—		2,580		2,580		—		—		1,081		1,081
Contingent consideration to seller of Shield		—		—		5,203		5,203		—		—		5,618		5,618
Contingent consideration to seller of TeraLogics - revenue targets		—		—		—		—		—		—		1,750		1,750
Contingent consideration to seller of H4 Global		—		—		679		679		—		—		665		665
Contingent consideration to seller of Nuvotronics		—		—		5,250		5,250		—		—		—		—
Total liabilities measured at fair value	$	—	$	1,379	$	13,712	$	15,091	$	—	$	1,732	$	9,114	$	10,846

Summary of change in fair value of contingent consideration liability

As of June 30, 2019, the following table summarizes the change in fair value of our Level 3 contingent consideration liabilities (in thousands):

	H4 Global		TeraLogics (Revenue Targets)		Deltenna		Shield		Nuvotronics		Total
Net balances at September 30, 2018	$	665	$	1,750	$	1,081	$	5,618	$	—	$	9,114
Initial measurement recognized at acquisition		—		—		—		—		4,900		4,900
Cash paid to seller		(385)		(1,750)		—		—		—		(2,135)
Total remeasurement loss recognized in earnings		399		—		1,499		(415)		350		1,833
Balance as of June 30, 2019	$	679	$	—	$	2,580	$	5,203	$	5,250	$	13,712

Schedule of change in fair value of Level 3 investment assets

	Investment
Balance as of September 30, 2018	$	—
Cash paid for initial investment		3,076
Total remeasurement gain/(loss) recognized in earnings		—
Balance as of June 30, 2019	$	3,076

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):

	June 30,		September 30,
	2019		2018
Fair value	$	202.9	$	193.7
Carrying value	$	200.0	$	200.0