Fair Value Measurements (Tables)

6 Months Ended

Mar. 31, 2023

Fair Value Disclosures [Abstract]

Summary of Financial Assets and Liabilities Measured at Fair Value

The following tables summarize the Company’s financial assets and liabilities measured at fair value in the accompanying unaudited condensed consolidated balance sheets as of March 31, 2023 and September 30, 2022

	March 31, 2023
($ in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Investment in Equity Securities	$	492	$	-	$	-	$	492
Liabilities:
Contingent Consideration	-		-		26,275		26,275

	September 30, 2022
($ in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Investment in Equity Securities	$	772	$	-	$	-	$	772
Liabilities:
Contingent Consideration	-		-		37,402		37,402

Summary of Unrealized Losses Recognized Related to Equity Securities

The portion of unrealized losses recognized related to equity securities still held as of March 31, 2023 consists of the following:

($ in thousands)	Three Months Ended March 31, 2023
Net losses recognized during the period on equity securities	$	20
Less net losses recognized during the period on equity securities sold during the period	-
Unrealized losses recognized during the reporting period on equity securities still held at the reporting date	$	20

($ in thousands)	Six Months Ended March 31, 2023
Net losses recognized during the period on equity securities	$	280
Less net losses recognized during the period on equity securities sold during the period	-
Unrealized losses recognized during the reporting period on equity securities still held at the reporting date	$	280

Summary of Changes in Fair Value of Contingent Consideration

The following table sets forth the changes in fair value of our contingent consideration for the three and six months ended March 31, 2023:

($ in thousands)	Three Months Ended March 31, 2023
Balance as of December 31, 2022	$	32,817
Additions from acquisitions	—
Settlement of contingent consideration	(8,278)
Change in fair value, including accretion	1,736
Balance as of March 31, 2023	$	26,275

($ in thousands)	Six Months Ended March 31, 2023
Balance as of September 30, 2022	$	37,402
Additions from acquisitions	2,550
Settlement of contingent consideration	(14,004)
Change in fair value, including accretion	327
Balance as of March 31, 2023	$	26,275