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

June 30, 2018

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

—

 

 

$

23,274

 

 

$

—

 

 

$

23,274

 

Available-for-sale securities

 

 

—

 

 

 

34,760

 

 

 

—

 

 

 

34,760

 

Total assets

 

$

—

 

 

$

58,034

 

 

$

—

 

 

$

58,034

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration

 

$

—

 

 

$

—

 

 

$

(12,859

)

 

$

(12,859

)

Total liabilities

 

$

—

 

 

$

—

 

 

$

(12,859

)

 

$

(12,859

)

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 nine months ended June 30, 2018 and 2017:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

June 30,

 

 

June 30,

 

(Dollars in thousands)

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Beginning balance

 

$

13,345

 

 

$

13,870

 

 

$

14,864

 

 

$

14,517

 

Additions

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Fair value adjustments

 

 

21

 

 

 

(1,192

)

 

 

(1,278

)

 

 

(2,350

)

Settlements

 

 

—

 

 

 

—

 

 

 

(925

)

 

 

—

 

Interest accretion

 

 

85

 

 

 

563

 

 

 

272

 

 

 

1,547

 

Foreign currency translation loss (gain)

 

 

(592

)

 

 

600

 

 

 

(74

)

 

 

127

 

Ending balance

 

$

12,859

 

 

$

13,841

 

 

$

12,859

 

 

$

13,841