Fair Value of Financial Instruments (Tables)

9 Months Ended

Jun. 30, 2018

Fair Value of Financial Instruments

Summary of change in fair value of contingent consideration liability

As of June 30, 2018, the following table summarizes the change in fair value of our Level 3 contingent consideration liabilities (in thousands):

		H4		TeraLogics (Contract Extensions)		TeraLogics (Revenue Targets)		Deltenna		Total
Balance as of September 30, 2017	$	591	$	800	$	2,450	$	1,376	$	5,217
Cash paid to seller		—		—		(1,750)		—		(1,750)
Total remeasurement (gain) loss recognized in earnings		176		150		400		(280)		446
Balance as of June 30, 2018	$	767	$	950	$	1,100	$	1,096	$	3,913

Summary of assets and liabilities measured and recorded at fair value on Balance Sheet on a recurring basis

The following table presents assets and liabilities measured and recorded at fair value on our balance sheets on a recurring basis (in thousands):

	June 30, 2018								September 30, 2017
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets
Cash equivalents	$	15,000	$	—	$	—	$	15,000	$	8,501	$	—	$	—	$	8,501
Current derivative assets		—		2,515		—		2,515		—		2,591		—		2,591
Noncurrent derivative assets		—		159		—		159		—		1,128		—		1,128
Total assets measured at fair value	$	15,000	$	2,674	$	—	$	17,674	$	8,501	$	3,719	$	—	$	12,220
Liabilities
Current derivative liabilities		—		2,103		—		2,103		—		3,456		—		3,456
Noncurrent derivative liabilities		—		159		—		159		—		1,128		—		1,128
Contingent consideration to seller of Deltenna		—		—		1,096		1,096		—		—		1,376		1,376
Contingent consideration to seller of TeraLogics - contract extensions		—		—		950		950		—		—		800		800
Contingent consideration to seller of TeraLogics - revenue targets		—		—		1,100		1,100		—		—		2,450		2,450
Contingent consideration to seller of H4 Global		—		—		767		767		—		—		591		591
Total liabilities measured at fair value	$	—	$	2,262	$	3,913	$	6,175	$	—	$	4,584	$	5,217	$	9,801

Schedule of estimated fair value and carrying value of our long-term debt

The following table presents the estimated fair value and carrying value of our long-term debt (in millions):

	June 30,		September 30,
	2018		2017
Fair value	$	194.8	$	202.1
Carrying value	$	200.0	$	200.0