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Fair Value Measurements (Tables)
 12 Months Ended
Sep. 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 September 30, 2018 (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,

2018

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

—

 

 

$

13,999

 

 

$

—

 

 

$

13,999

 

Available-for-sale securities

 

 

—

 

 

 

41,352

 

 

 

 

 

 

$

41,352

 

Total assets

 

$

—

 

 

$

55,351

 

 

$

—

 

 

$

55,351

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration

 

$

—

 

 

$

—

 

 

$

(14,466

)

 

$

(14,466

)

Total liabilities

 

$

—

 

 

$

—

 

 

$

(14,466

)

 

$

(14,466

)

 

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 (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 Liability

The following table summarizes the changes in the contingent consideration liability for the years ended September 30, 2018 and 2017:

 

(Dollars in thousands)

 

 

 

 

Contingent consideration liability at September 30, 2016

 

$

14,517

 

Additions

 

 

—

 

Fair value adjustments

 

 

(2,350

)

Settlements

 

 

—

 

Interest accretion

 

 

2,223

 

Foreign currency translation

 

 

474

 

Contingent consideration liability at September 30, 2017

 

 

14,864

 

Additions

 

 

—

 

Fair value adjustments

 

 

288

 

Settlements

 

 

(925

)

Interest accretion

 

 

387

 

Foreign currency translation

 

 

(148

)

Contingent consideration liability at September 30, 2018

 

$

14,466