XML 63 R46.htm IDEA: XBRL DOCUMENT v3.20.2
Fair Value Measures (Tables)
 12 Months Ended
Sep. 30, 2020
Fair Value Disclosures [Abstract]  
Assets and Liabilities Measured at Fair Value on Recurring Basis September 30, 2020 and 2019 consisted of (dollars in thousands):
 
September 30, 2020
 
Level 1
 
Level 2
 
Level 3
 
Total
Assets:
 

 
 

 
 

 
 

Money market funds (a)
$
182,645

 
$
—

 
$
—

 
$
182,645

Time deposits(b)
—

 
95,180

 
—

 
95,180

Commercial paper, $33,265 at cost(b)
—

 
33,290

 
—

 
33,290

Corporate notes and bonds, $15,460 at cost(b)
—

 
15,480

 
—

 
15,480

Foreign currency exchange contracts(b)
—

 
109

 
—

 
109

Total assets at fair value
$
182,645

 
$
144,059

 
$
—

 
$
326,704

Liabilities:
 

 
 

 
 

 
 

Foreign currency exchange contracts(b)
$
—

 
$
(92
)
 
$
—

 
$
(92
)
Contingent acquisition payments(c)
—

 
—

 
(1,796
)
 
(1,796
)
Total liabilities at fair value
$
—

 
$
(92
)
 
$
(1,796
)
 
$
(1,888
)
 
September 30, 2019
 
Level 1
 
Level 2
 
Level 3
 
Total
Assets:
 

 
 

 
 

 
 

Money market funds(a)
$
217,861

 
$
—

 
$
—

 
$
217,861

Time deposits(b)
—

 
115,913

 
—

 
115,913

Commercial paper, $77,089 at cost(b)
—

 
77,494

 
—

 
77,494

Corporate notes and bonds, $37,504 at cost(b)
—

 
37,566

 
—

 
37,566

Foreign currency exchange contracts(b)
—

 
597

 
—

 
597

Total assets at fair value
$
217,861

 
$
231,570

 
$
—

 
$
449,431

Liabilities:
 

 
 

 
 

 
 

Foreign currency exchange contracts(b)
$
—

 
$
(327
)
 
$
—

 
$
(327
)
Contingent acquisition payments(c)
—

 
—

 
(2,550
)
 
(2,550
)
Total liabilities at fair value
$
—

 
$
(327
)
 
$
(2,550
)
 
$
(2,877
)

(a) 
Money market funds and time deposits with original maturity of 90 days or less are included within cash and cash equivalents in the consolidated balance sheets and are valued at quoted market prices in active markets.
(b) Time deposits, commercial paper, corporate notes and bonds, and foreign currency exchange contracts are recorded at fair market values, which are determined based on the most recent observable inputs for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active or are directly or indirectly observable. Time deposits are generally for terms of one year
or less. Commercial paper and corporate notes and bonds generally mature within three years and had a weighted average maturity of 0.31 years as of September 30, 2020 and 0.53 years as of September 30, 2019.
(c)
Changes in Fair Value of Level 3 Financial Instruments e following table provides a summary of changes in fair value of our Level 3 financial instruments for the years ended September 30, 2020 and 2019 (dollars in thousands):
 
Amount
Balance as of September 30, 2018
$
4,000

Earn-out liability established at time of acquisition
1,500

Payments and foreign currency translation
(2,550
)
Adjustments to fair value included in acquisition-related costs, net
(400
)
Balance as of September 30, 2019
2,550

Payments and foreign currency translation
(4
)
Adjustments to fair value included in acquisition-related costs, net
(750
)
Balance as of September 30, 2020
$
1,796