Fair Value Measurements (Tables)

6 Months Ended

Mar. 31, 2022

Our significant financial assets and liabilities measured at fair value on a recurring basis as of March 31, 2022 and September 30, 2021 were as follows:

(in thousands)	March 31, 2022
	Level 1		Level 2		Level 3		Total
Financial assets:
Cash equivalents ⁽¹⁾	$	108,064	$	—	$	—	$	108,064
Convertible note		—		—		2,000		2,000
Forward contracts		—		1,646		—		1,646
Options		—		2,322		—		2,322
	$	108,064	$	3,968	$	2,000	$	114,032
Financial liabilities:
Forward contracts		—		2,637		—		2,637
	$	—	$	2,637	$	—	$	2,637

(in thousands)	September 30, 2021
	Level 1		Level 2		Level 3		Total
Financial assets:
Cash equivalents⁽¹⁾	$	114,375	$	—	$	—	$	114,375
Convertible note		—		—		2,000		2,000
Equity securities		—		—		77,540		77,540
Forward contracts		—		5,363		—		5,363
	$	114,375	$	5,363	$	79,540	$	199,278
Financial liabilities:
Forward contracts		—		3,318		—		3,318
	$	—	$	3,318	$	—	$	3,318

(1)

Money market funds and time deposits.

Schedule of Changes in Fair Value of Level 3 Investment

The following table provides a summary of changes in the fair value of our Level 3 investment in the Matterport, Inc. shares from October 1, 2021 to March 31, 2022:

(in thousands)	March 31, 2022
	Fair Values
Balance, October 1, 2021	$	77,540
Realized loss		(38,468	)
Sale of investment⁽¹⁾		(39,072	)
Balance, March 31, 2022	$	—

(1)

Equity securities sold upon expirations of the restriction in January 2022.