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Fair Value Measurements (Tables)
6 Months Ended
Mar. 31, 2020
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured at Fair Value on Recurring Basis

Assets and liabilities measured at fair value on a recurring basis by level of the fair value hierarchy were as follows:

 

 

 

March 31, 2020

 

(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

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash equivalents

 

$

 

 

$

10,394

 

 

$

 

 

$

10,394

 

Available-for-sale securities

 

 

 

 

 

33,190

 

 

 

 

 

 

33,190

 

Total assets

 

$

 

 

$

43,584

 

 

$

 

 

$

43,584

 

 

 

 

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

 

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

 

 

Six Months Ended

 

 

 

March 31,

 

 

March 31,

 

(Dollars in thousands)

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Beginning balance

 

$

 

 

$

3,326

 

 

$

3,200

 

 

$

14,466

 

Additions

 

 

 

 

 

 

 

 

 

 

 

 

Fair value adjustments

 

 

 

 

 

(362

)

 

 

 

 

 

(511

)

Settlements

 

 

 

 

 

 

 

 

(3,200

)

 

 

(10,979

)

Interest accretion

 

 

 

 

 

45

 

 

 

 

 

 

159

 

Foreign currency translation loss (gain)

 

 

 

 

 

 

 

 

 

 

 

(126

)

Ending balance

 

$

 

 

$

3,009

 

 

$

 

 

$

3,009