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Fair Value Measurements (Tables)
3 Months Ended
Dec. 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
 
December 31, 2019
 
Level 1
 
Level 2
 
Level 3
Liabilities:
 
 
 
 
 
 
 
Contingent consideration on acquired businesses
$
14,766

 
$

 
$

 
$
14,766

Total liabilities measured at fair value
$
14,766

 
$

 
$

 
$
14,766


 
Total Fair
Value at
 
Fair Value Measurements Using
 Inputs Considered as
 
September 30, 2019
 
Level 1
 
Level 2
 
Level 3
Assets:
 
 
 
 
 
 
 
Money market
$
56,700

 
$
56,700

 
$

 
$

Total assets measured at fair value
$
56,700

 
$
56,700

 
$

 
$

Liabilities:
 
 
 
 
 
 
 
Contingent consideration on acquired businesses
$
5,407

 
$

 
$

 
$
5,407

Total liabilities measured at fair value
$
5,407

 
$

 
$

 
$
5,407

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 December 31,
 
2019
 
2018
Fair value at beginning of period
$
5,407

 
$
10,065

Contingent consideration recognized for acquired business
9,100

 

Contingent consideration payments

 
(161
)
Change in fair value of contingent consideration
259

 
243

Fair value at end of period
$
14,766

 
$
10,147