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Fair Value Measurements (Tables)
 9 Months Ended
Jun. 30, 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 June 30, 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

June 30, 2017

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

—

 

 

$

5,953

 

 

$

—

 

 

$

5,953

 

Available-for-sale securities

 

 

—

 

 

 

32,360

 

 

 

—

 

 

 

32,360

 

Total assets

 

$

—

 

 

$

38,313

 

 

$

—

 

 

$

38,313

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration

 

$

—

 

 

$

—

 

 

$

(13,841

)

 

$

(13,841

)

Total liabilities

 

$

—

 

 

$

—

 

 

$

(13,841

)

 

$

(13,841

)

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 nine months ended June 30, 2017 and 2016:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

June 30,

 

 

June 30,

 

(Dollars in thousands)

 

2017

 

 

2016

 

 

2017

 

 

2016

 

Beginning balance

 

$

13,870

 

 

$

13,646

 

 

$

14,517

 

 

$

—

 

Additions

 

 

—

 

 

 

—

 

 

 

—

 

 

 

12,581

 

Fair value adjustments

 

 

(1,192

)

 

 

70

 

 

 

(2,350

)

 

 

70

 

Settlements

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Interest accretion

 

 

563

 

 

 

485

 

 

 

1,547

 

 

 

986

 

Foreign currency translation loss (gain)

 

 

600

 

 

 

(251

)

 

 

127

 

 

 

313

 

Ending balance

 

$

13,841

 

 

$

13,950

 

 

$

13,841

 

 

$

13,950