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Fair Value Measurements (Tables)
 6 Months Ended
Mar. 31, 2018
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, 2018:

 

(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, 2018

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

—

 

 

$

21,432

 

 

$

—

 

 

$

21,432

 

Available-for-sale securities

 

 

—

 

 

 

42,283

 

 

 

—

 

 

 

42,283

 

Total assets

 

$

—

 

 

$

63,715

 

 

$

—

 

 

$

63,715

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration

 

$

—

 

 

$

—

 

 

$

(13,345

)

 

$

(13,345

)

Total liabilities

 

$

—

 

 

$

—

 

 

$

(13,345

)

 

$

(13,345

)

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 and six months ended March 31, 2018 and 2017:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

March 31,

 

 

March 31,

 

(Dollars in thousands)

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Beginning balance

 

$

16,162

 

 

$

14,291

 

 

$

14,864

 

 

$

14,517

 

Additions

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Fair value adjustments

 

 

(2,317

)

 

 

(1,159

)

 

 

(1,298

)

 

 

(1,159

)

Settlements

 

 

(925

)

 

 

—

 

 

 

(925

)

 

 

—

 

Interest accretion

 

 

87

 

 

 

548

 

 

 

186

 

 

 

985

 

Foreign currency translation loss (gain)

 

 

338

 

 

 

190

 

 

 

518

 

 

 

(473

)

Ending balance

 

$

13,345

 

 

$

13,870

 

 

$

13,345

 

 

$

13,870