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Fair Value Measurements (Tables)
12 Months Ended
Sep. 30, 2019
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, 2019 (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, 2019

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

 

 

$

24,375

 

 

$

 

 

$

24,375

 

Available-for-sale securities

 

 

 

 

 

24,931

 

 

 

 

 

$

24,931

 

Total assets

 

$

 

 

$

49,306

 

 

$

 

 

$

49,306

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration

 

$

 

 

$

 

 

$

(3,200

)

 

$

(3,200

)

Total liabilities

 

$

 

 

$

 

 

$

(3,200

)

 

$

(3,200

)

 

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

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of Contingent Consideration Liability

The following table summarizes the changes in the contingent consideration liability for the years ended September 30, 2019 and 2018:

 

(Dollars in thousands)

 

 

 

 

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

 

Additions

 

 

 

Fair value adjustments

 

 

(415

)

Settlements

 

 

(10,979

)

Interest accretion

 

 

254

 

Foreign currency translation

 

 

(126

)

Contingent consideration liability at September 30, 2019

 

$

3,200