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Fair Value Measurements (Tables)
3 Months Ended
Dec. 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 December 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

December 31, 2017

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

 

 

$

13,799

 

 

$

 

 

$

13,799

 

Available-for-sale securities

 

 

 

 

 

24,756

 

 

 

 

 

 

24,756

 

Total assets

 

$

 

 

$

38,555

 

 

$

 

 

$

38,555

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration

 

$

 

 

$

 

 

$

(16,162

)

 

$

(16,162

)

Total liabilities

 

$

 

 

$

 

 

$

(16,162

)

 

$

(16,162

)

The following table presents information about the Company’s assets and liabilities measured at fair value on a recurring basis as of September 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 September 30, 2017

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

 

 

$

6,639

 

 

$

 

 

$

6,639

 

Available-for-sale securities

 

 

 

 

 

31,802

 

 

 

 

 

$

31,802

 

Total assets

 

$

 

 

$

38,441

 

 

$

 

 

$

38,441

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration

 

$

 

 

$

 

 

$

(14,864

)

 

$

(14,864

)

Total liabilities

 

$

 

 

$

 

 

$

(14,864

)

 

$

(14,864

)

 

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, 2017 and 2016:

 

 

 

Three Months Ended

 

 

 

December 31,

 

(Dollars in thousands)

 

2017

 

 

2016

 

Beginning balance

 

$

14,864

 

 

$

14,517

 

Additions

 

 

 

 

 

 

Fair value adjustments

 

 

1,019

 

 

 

 

Settlements

 

 

 

 

 

 

Interest accretion

 

 

99

 

 

 

437

 

Foreign currency translation loss (gain)

 

 

180

 

 

 

(663

)

Ending balance

 

$

16,162

 

 

$

14,291