FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES

9 Months Ended

Jun. 30, 2013

Fair Value Disclosures [Abstract]

FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES

FAIR VALUE OF FINANCIAL ASSETS AND LIABILITIES

Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability in an orderly transaction between market participants on the measurement date. Accounting Standards Codification ("ASC") 820 establishes a hierarchy for ranking the quality and reliability of the information used to determine fair values and includes the following classifications:

Level 1: Quoted market prices in active markets for identical assets or liabilities.

Level 2: Observable market based inputs or unobservable inputs that are corroborated by market data.

Level 3: Unobservable inputs that are not corroborated by market data.

The following financial assets and liabilities were measured at fair value on a recurring basis using the type of inputs shown (amounts in thousands):

	Fair Value Measurements Using:
	Total		Level 1 Inputs		Level 2 Inputs		Level 3 Inputs
September 30, 2012
Cash and cash equivalents	$	204,335	$	204,335	$	—	—
Pension plan assets	$	5,382	$	—	$	—	$	5,382
Interest rate swap liabilities	$	1,950	$	—	$	1,950	$	—
June 30, 2013
Cash and cash equivalents	$	220,945	$	220,945	$	—	$	—
Pension plan assets	$	5,604	$	—	$	—	$	5,604
Interest rate swap liabilities	$	961	$	—	$	961	$	—

Pension plan assets are insurance contracts with insurance payments guaranteed by the insurer and the security fund for insurance companies in Germany. There were no transfers of financial assets or liabilities between the classifications during the periods reported.