Fair Value Measurements (Tables)

9 Months Ended

Jun. 30, 2017

Fair Value of Assets Measured on Recurring Basis

The following tables provide information by level for financial assets and liabilities that are measured at fair value on a recurring basis (in thousands):



	Total Fair Value at		Fair Value Measurements Using Inputs Considered as
	June 30, 2017		Level 1		Level 2		Level 3
Assets:
Money market	$	53,874	$	53,874	$	—	$	—
Corporate bonds	10,213		—		10,213		—
Commercial paper	1,999		—		1,999		—
Certificates of deposit	7,029		—		7,029		—
Total assets measured at fair value	$	73,115	$	53,874	$	19,241	$	—
Liabilities:
Contingent consideration on acquired businesses	$	9,422	$	—	$	—	$	9,422
Total liabilities measured at fair value	$	9,422	$	—	$	—	$	9,422



	Total Fair Value at		Fair Value Measurements Using Inputs Considered as
	September 30, 2016		Level 1		Level 2		Level 3
Assets:
Money market	$	44,319	$	44,319	$	—	$	—
Corporate bonds	28,767		—		28,767		—
Commercial paper	23,943		—		23,943		—
Certificates of deposit	7,309		—		7,309		—
Government municipal bonds	1,904		—		1,904		—
Total assets measured at fair value	$	106,242	$	44,319	$	61,923	$	—
Liabilities:
Contingent consideration on acquired businesses	$	9,960	$	—	$	—	$	9,960
Total liabilities measured at fair value	$	9,960	$	—	$	—	$	9,960

Fair Value of Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

The following table presents a reconciliation of the contingent consideration liability measured at fair value on a recurring basis using significant unobservable inputs (Level 3) (in thousands):



	Three months ended June 30,					Nine months ended June 30,
	2017			2016		2017			2016
Fair value at beginning of period	$	10,068		$	10,522	$	9,960		$	—
Purchase price contingent consideration	—			—		1,310			10,400
Contingent consideration payments	—			—		(518		)	—
Change in fair value of contingent consideration	(646		)	65		(1,330		)	187
Fair value at end of period	$	9,422		$	10,587	$	9,422		$	10,587