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Fair Value Measurements (Tables)
 3 Months Ended
Dec. 31, 2016
Fair Value Disclosures [Abstract]  
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, 2016:

 

(Dollars 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,

2016

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

—

 

 

$

13,775

 

 

$

—

 

 

$

13,775

 

Available-for-sale securities

 

 

—

 

 

 

27,474

 

 

 

—

 

 

 

27,474

 

Total assets

 

$

—

 

 

$

41,249

 

 

$

—

 

 

$

41,249

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration

 

$

—

 

 

$

—

 

 

$

(14,291

)

 

$

(14,291

)

Total liabilities

 

$

—

 

 

$

—

 

 

$

(14,291

)

 

$

(14,291

)

The following table presents information about the Company’s assets and liabilities measured at fair value on a recurring basis as of September 30, 2016:

 

(Dollars 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,

2016

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

—

 

 

$

22,160

 

 

$

—

 

 

$

22,160

 

Available-for-sale securities

 

 

—

 

 

 

21,954

 

 

 

 

 

 

$

21,954

 

Total assets

 

$

—

 

 

$

44,114

 

 

$

—

 

 

$

44,114

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration

 

$

—

 

 

$

—

 

 

$

(14,517

)

 

$

(14,517

)

Total liabilities

 

$

—

 

 

$

—

 

 

$

(14,517

)

 

$

(14,517

)

 
Schedule of Contingent Consideration Liabilities Measured at Fair Value

The following table summarizes the changes in the contingent consideration liabilities measured at fair value using Level 3 inputs for the three months ended December 31, 2016 and 2015:

 

 

 

Three Months Ended

 

 

 

December 31,

 

(Dollars in thousands)

 

2016

 

 

2015

 

Beginning balance

 

$

14,517

 

 

$

—

 

Additions

 

 

—

 

 

 

9,064

 

Fair value adjustments

 

 

—

 

 

 

—

 

Settlements

 

 

—

 

 

 

—

 

Interest accretion

 

 

437

 

 

 

109

 

Foreign currency translation (gain) loss

 

 

(663

)

 

 

135

 

Ending balance

 

$

14,291

 

 

$

9,308