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Fair Value Measurements (Tables)
3 Months Ended
Dec. 31, 2012
Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents information about the Company’s assets and liabilities measured at fair value on a recurring basis as of December 31, 2012 (in thousands):

 

     Quoted Prices in
Active Markets
for Identical
Instruments
(Level 1)
     Significant
Other
Observable
Inputs

(Level 2)
     Significant
Unobservable
Inputs

(Level 3)
     Total Fair
Value as of
December  31,
2012
 

Assets:

           

Cash equivalents

   $ —         $ 6,002       $ —         $ 6,002   

Available-for-sale debt securities:

           

U.S. government and government agency obligations

     —           33,150         —           33,150   

Mortgage-backed securities

     —           2,743         —           2,743   

Municipal bonds

     —           3,701         —           3,701   

Asset-backed securities

     —           549         —           549   

Corporate bonds

     —           2,439         —           2,439   

Other assets

     999         —           —           999   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total assets measured at fair value

   $ 999       $ 48,584       $ —         $ 49,583   
  

 

 

    

 

 

    

 

 

    

 

 

 

 

The following table presents information about the Company’s assets and liabilities measured at fair value on a recurring basis as of September 30, 2012 (in thousands):

 

     Quoted Prices in
Active Markets
for Identical
Instruments
(Level 1)
     Significant
Other
Observable
Inputs

(Level 2)
     Significant
Unobservable
Inputs

(Level 3)
     Total Fair
Value as of
September 30,
2012
 

Assets:

           

Cash equivalents

   $ —         $ 5,101       $ —         $ 5,101   

Available-for-sale debt securities:

           

U.S. government and government agency obligations

     —           28,854         —           28,854   

Mortgage-backed securities

     —           2,999         —           2,999   

Municipal bonds

     —           3,213         —           3,213   

Asset-backed securities

     —           598         —           598   

Corporate bonds

     —           6,886         —           6,886   

Other assets

     718         —           —           718   
  

 

 

    

 

 

    

 

 

    

 

 

 

Total assets measured at fair value

   $ 718       $ 47,651       $ —         $ 48,369   
  

 

 

    

 

 

    

 

 

    

 

 

 
Reconciliation of Financial Assets Measured at Fair Value on Recurring Basis using Significant Unobservable Inputs

The following tables provide a reconciliation of financial assets measured at fair value on a recurring basis using significant unobservable inputs (Level 3) (in thousands). Transfers of instruments into and out of Level 3 are based on beginning of period values.

 

     Fair Value Measurements Using Significant
Unobservable Inputs (Level 3)
Three Months Ended December 31, 2011
Available-for-Sale Debt Securities
 
     Mortgage-
Backed  Securities
    Asset-
Backed  Securities
    Total  

Balance at September 30, 2011

   $ 15      $ 9      $ 24   

Transfers into Level 3

     —          —          —     

Transfers out of Level 3

     (15     (9     (24

Total realized and unrealized gains (losses):

      

Included in other comprehensive (loss) income

     —          —          —     

Purchases, issuances, sales and settlements, net

     —          —          —     
  

 

 

   

 

 

   

 

 

 

Balance at December 31, 2011

   $ —        $ —        $ —