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Fair Value Measurements (Tables)
9 Months Ended
Jun. 30, 2018
Fair Value Disclosures [Abstract]  
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, 2018
 
Level 1
 
Level 2
 
Level 3
Assets:
 
 
 
 
 
 
 
Money market
$
9,954

 
$
9,954

 
$

 
$

Certificates of deposit
7,006

 

 
7,006

 

Total assets measured at fair value
$
16,960

 
$
9,954

 
$
7,006

 
$

Liabilities:
 
 
 
 
 
 
 
Contingent consideration on acquired businesses
$
9,021

 
$

 
$

 
$
9,021

Total liabilities measured at fair value
$
9,021

 
$

 
$

 
$
9,021

 
Total Fair
Value at
 
Fair Value Measurements Using
 Inputs Considered as
 
September 30, 2017
 
Level 1
 
Level 2
 
Level 3
Assets:
 
 
 
 
 
 
 
Money market
$
39,524

 
$
39,524

 
$

 
$

Corporate bonds
28,255

 

 
28,255

 

Certificates of deposit
8,513

 

 
8,513

 

Total assets measured at fair value
$
76,292

 
$
39,524

 
$
36,768

 
$

Liabilities:
 
 
 
 
 
 
 
Contingent consideration on acquired businesses
$
6,388

 
$

 
$

 
$
6,388

Total liabilities measured at fair value
$
6,388

 
$

 
$

 
$
6,388

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,
 
2018
 
2017
 
2018
 
2017
Fair value at beginning of period
$
8,263

 
$
10,068

 
$
6,388

 
$
9,960

Purchase price contingent consideration

 

 
2,300

 
1,310

Contingent consideration payments

 

 

 
(518
)
Change in fair value of contingent consideration
758

 
(646
)
 
333

 
(1,330
)
Fair value at end of period
$
9,021

 
$
9,422

 
$
9,021

 
$
9,422