Fair Value Measurements (Tables)

3 Months Ended

Dec. 31, 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 measured at fair value on a recurring basis as of December 31, 2019:

(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, 2019
Assets
Cash equivalents	$	—	$	6,286	$	—	$	6,286
Available-for-sale securities		—		39,256		—		39,256
Total assets	$	—	$	45,542	$	—	$	45,542

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:

(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, 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	)

Schedule of Contingent Consideration Liabilities Measured at Fair Value

Changes in the contingent consideration liabilities measured at fair value using Level 3 inputs were as follows: three months ended December 31, 2019 and 2018

	Three Months Ended
	December 31,
(Dollars in thousands)	2019			2018
Beginning balance	$	3,200		$	14,466
Additions		—			—
Fair value adjustments		—			(149	)
Settlements		(3,200	)		(10,979	)
Interest accretion		—			114
Foreign currency translation loss (gain)		—			(126	)
Ending balance	$	—		$	3,326