Fair Value Measurements (Tables)

9 Months Ended

Jun. 30, 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 June 30, 2023 and September 30, 2022

	June 30, 2023
($ in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Investment in Equity Securities	$	588	$	-	$	-	$	588
Liabilities:
Contingent Consideration	-		-		25,051		25,051

	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 Gains (Losses) Recognized Related to Equity Securities

The portion of unrealized gains (losses) recognized related to equity securities still held as of June 30, 2023 consists of the following:

($ in thousands)	Three Months Ended June 30, 2023
Net gain (loss) recognized during the period on equity securities	$	96
Less net gain (loss) recognized during the period on equity securities sold during the period	-
Unrealized gain (loss) recognized during the reporting period on equity securities still held at the reporting date	$	96

($ in thousands)	Nine Months Ended June 30, 2023
Net gain (loss) recognized during the period on equity securities	$	(184)
Less net gain (loss) recognized during the period on equity securities sold during the period	-
Unrealized gain (loss) recognized during the reporting period on equity securities still held at the reporting date	$	(184)

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 nine months ended June 30, 2023:

($ in thousands)	Three Months Ended June 30, 2023
Balance as of March 31, 2023	$	26,275
Additions from acquisitions	—
Settlement of contingent consideration	(1,660)
Change in fair value, including accretion	436
Balance as of June 30, 2023	$	25,051

($ in thousands)	Nine Months Ended June 30, 2023
Balance as of September 30, 2022	$	37,402
Additions from acquisitions	2,550
Settlement of contingent consideration	(15,665)
Change in fair value, including accretion	764
Balance as of June 30, 2023	$	25,051