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Fair Value Measurements (Tables)
12 Months Ended
Sep. 30, 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):
 
 
 
Fair Value Measurements at September 30, 2019 using:
 
Total carrying
value at
September 30, 2019
 
Quoted price in
active markets
(Level 1)
 
Significant other
observable inputs
(Level 2)
 
Significant
unobservable inputs
(Level 3)
Assets:
 
 
 
 
 
 
 
Money market
$
56,700

 
$
56,700

 
$

 
$

Total assets measured at fair value
$
56,700

 
$
56,700

 
$

 
$

Liabilities:
 
 
 
 
 
 
 
Contingent consideration on acquired business
$
5,407

 
$

 
$

 
$
5,407

Total liabilities measured at fair value
$
5,407

 
$

 
$

 
$
5,407

 
 
 
Fair Value Measurements at September 30, 2018 using:
 
Total carrying
value at
September 30, 2018
 
Quoted price in
active markets
(Level 1)
 
Significant other
observable inputs
(Level 2)
 
Significant
unobservable inputs
(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 business
$
10,065

 
$

 
$

 
$
10,065

Total liabilities measured at fair value
$
10,065

 
$

 
$

 
$
10,065

Fair Value, 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):
 
 
Fiscal year ended September 30,
 
 
2019
 
2018
Fair value at beginning of period
 
$
10,065

 
$
6,388

Purchase price contingent consideration
 

 
2,300

Contingent consideration payments
 
(5,848
)
 

Change in fair value of contingent consideration
 
1,190

 
1,377

Fair value at end of period
 
$
5,407

 
$
10,065