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

December 31, 2018

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

 

 

$

 

 

$

 

 

$

 

Available-for-sale securities

 

 

 

 

 

31,453

 

 

 

 

 

 

31,453

 

Total assets

 

$

 

 

$

31,453

 

 

$

 

 

$

31,453

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration

 

$

 

 

$

 

 

$

(3,326

)

 

$

(3,326

)

Total liabilities

 

$

 

 

$

 

 

$

(3,326

)

 

$

(3,326

)

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:

 

(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, 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

)

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, 2018 and 2017:

 

 

 

Three Months Ended

 

 

 

December 31,

 

(Dollars in thousands)

 

2018

 

 

2017

 

Beginning balance

 

$

14,466

 

 

$

14,864

 

Additions

 

 

 

 

 

 

Fair value adjustments

 

 

(149

)

 

 

1,019

 

Settlements

 

 

(10,979

)

 

 

 

Interest accretion

 

 

114

 

 

 

99

 

Foreign currency translation (gain)  loss

 

 

(126

)

 

 

180

 

Ending balance

 

$

3,326

 

 

$

16,162