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Fair Value Measurements (Tables)
 6 Months Ended
Mar. 31, 2017
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 March 31, 2017:

 

(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

March 31, 2017

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

—

 

 

$

4,284

 

 

$

—

 

 

$

4,284

 

Available-for-sale securities

 

 

—

 

 

 

35,062

 

 

 

—

 

 

 

35,062

 

Total assets

 

$

—

 

 

$

39,346

 

 

$

—

 

 

$

39,346

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration

 

$

—

 

 

$

—

 

 

$

(13,870

)

 

$

(13,870

)

Total liabilities

 

$

—

 

 

$

—

 

 

$

(13,870

)

 

$

(13,870

)

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 and six months ended March 31, 2017 and 2016:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

March 31,

 

 

March 31,

 

(Dollars in thousands)

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Beginning balance

 

$

14,291

 

 

$

9,308

 

 

$

14,517

 

 

$

—

 

Additions

 

 

—

 

 

 

3,517

 

 

 

—

 

 

 

12,581

 

Fair value adjustments

 

 

(1,159

)

 

 

—

 

 

 

(1,159

)

 

 

—

 

Settlements

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Interest accretion

 

 

548

 

 

 

392

 

 

 

985

 

 

 

501

 

Foreign currency translation loss (gain)

 

 

190

 

 

 

429

 

 

 

(473

)

 

 

564

 

Ending balance

 

$

13,870

 

 

$

13,646

 

 

$

13,870

 

 

$

13,646