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Fair Value Measurements (Tables)
6 Months Ended
Mar. 31, 2019
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
 
March 31, 2019
 
Level 1
 
Level 2
 
Level 3
Assets:
 
 
 
 
 
 
 
Money market
$
27,883

 
$
27,883

 
$

 
$

Certificates of deposit
2,497

 

 
2,497

 

Total assets measured at fair value
$
30,380

 
$
27,883

 
$
2,497

 
$

Liabilities:
 
 
 
 
 
 
 
Contingent consideration on acquired businesses
$
8,527

 
$

 
$

 
$
8,527

Total liabilities measured at fair value
$
8,527

 
$

 
$

 
$
8,527

 
Total Fair
Value at
 
Fair Value Measurements Using
 Inputs Considered as
 
September 30, 2018
 
Level 1
 
Level 2
 
Level 3
Assets:
 
 
 
 
 
 
 
Money market
$
24,318

 
$
24,318

 
$

 
$

Certificates of deposit
4,736

 

 
4,736

 

Total assets measured at fair value
$
29,054

 
$
24,318

 
$
4,736

 
$

Liabilities:
 
 
 
 
 
 
 
Contingent consideration on acquired businesses
$
10,065

 
$

 
$

 
$
10,065

Total liabilities measured at fair value
$
10,065

 
$

 
$

 
$
10,065

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 March 31,
 
Six months ended March 31,
 
2019
 
2018
 
2019
 
2018
Fair value at beginning of period
$
10,147

 
$
5,981

 
$
10,065

 
$
6,388

Purchase price contingent consideration

 
2,300

 

 
2,300

Contingent consideration payments
(2,187
)
 

 
(2,348
)
 

Change in fair value of contingent consideration
567

 
(18
)
 
810

 
(425
)
Fair value at end of period
$
8,527

 
$
8,263

 
$
8,527

 
$
8,263