Fair Value Measurements (Tables)

9 Months Ended

Jun. 30, 2024

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, 2024 and September 30, 2023

	June 30, 2024
($ in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Investment in Equity Securities	$	153	$	—	$	—	$	153
Liabilities:
Contingent Consideration	—		—		15,287		15,287

	September 30, 2023
($ in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Investment in Equity Securities	$	326	$	—	$	—	$	326
Liabilities:
Contingent Consideration	—		—		21,181		21,181

Summary of Unrealized Gains (Losses) Recognized Related to Equity Securities

The portion of unrealized losses (gains) recognized related to equity securities still held as of June 30, 2024 and 2023 consists of the following:

($ in thousands)	Three Months Ended June 30, 2024		Three Months Ended June 30, 2023
Net loss (gain) recognized during the period on equity securities	$	38	$	(96)
Less net loss recognized during the period on equity securities sold during the period	—		—
Unrealized loss (gain) recognized during the reporting period on equity securities still held at the reporting date	$	38	$	(96)

($ in thousands)	Nine Months Ended June 30, 2024		Nine Months Ended June 30, 2023
Net loss recognized during the period on equity securities	$	173	$	184
Less net loss recognized during the period on equity securities sold during the period	—		—
Unrealized loss recognized during the reporting period on equity securities still held at the reporting date	$	173	$	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, 2024:

($ in thousands)	Three Months Ended June 30, 2024
Balance as of March 31, 2024	$	15,529
Additions from acquisitions	—
Settlement of contingent consideration	(456)
Change in fair value, including accretion	214
Balance as of June 30, 2024	$	15,287

($ in thousands)	Nine Months Ended June 30, 2024
Balance as of September 30, 2023	$	21,181
Additions from acquisitions	—
Settlement of contingent consideration	(9,812)
Change in fair value, including accretion	3,918
Balance as of June 30, 2024	$	15,287