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Financial Instruments and Fair Value Measurement (Tables)
6 Months Ended 12 Months Ended
Mar. 31, 2015
Sep. 30, 2014
FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENT    
Summary of available-for-sale securities

 

 

                                                                                         

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross

 

Gross

 

Estimated

 

 

 

 

 

Unrealized

 

Unrealized

 

Fair

 

 

 

Cost

 

Gains

 

Losses

 

Value

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

Equity securities March 31, 2015

 

$

64,462 

 

$

86,986 

 

$

 

$

151,448 

 

Equity securities September 30, 2014

 

$

64,462 

 

$

157,838 

 

$

 

$

222,300 

 

 

 

 

 

                                                                                                                                                                                    

 

 

Cost

 

Gross
Unrealized
Gains

 

Gross
Unrealized
Losses

 

Estimated
Fair Value

 

 

 

(in thousands)

 

Equity Securities:

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2014

 

$

64,462 

 

$

157,838 

 

$

 

$

222,300 

 

September 30, 2013

 

$

68,434 

 

$

237,214 

 

$

 

$

305,648 

 

 

Summary of assets measured at fair value on a recurring basis

 

The following table summarizes our assets measured at fair value on a recurring basis presented in our Consolidated Condensed Balance Sheet as of March 31, 2015:

 

 

 

 

 

Quoted Prices

 

 

 

 

 

 

 

Total

 

in Active

 

Significant

 

 

 

 

 

Measure

 

Markets for

 

Other

 

Significant

 

 

 

at

 

Identical

 

Observable

 

Unobservable

 

 

 

Fair

 

Assets

 

Inputs

 

Inputs

 

 

 

Value

 

(Level 1)

 

(Level 2)

 

(Level 3)

 

 

 

(in thousands)

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

719,127 

 

$

719,127 

 

$

 

$

 

Equity securities

 

151,448 

 

151,448 

 

 

 

Other current assets

 

36,340 

 

36,090 

 

250 

 

 

Other assets

 

2,000 

 

2,000 

 

 

 

Total assets measured at fair value

 

$

908,915 

 

$

908,665 

 

$

250 

 

$

 

 

 

        The following table summarizes our assets measured at fair value on a recurring basis presented in our Consolidated Balance Sheets as of September 30, 2014:

                                                                                                                                                                                    

 

 

Total
Measured
at
Fair Value

 

Quoted Prices
in Active
Markets for
Identical
Assets
(Level 1)

 

Significant
Other
Observable
Inputs
(Level 2)

 

Significant
Unobservable
Inputs
(Level 3)

 

 

 

(in thousands)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

360,909 

 

$

360,909 

 

$

 

$

 

Investments

 

 

222,300 

 

 

222,300 

 

 

 

 

 

Other current assets

 

 

35,450 

 

 

35,200 

 

 

250 

 

 

 

Other assets

 

 

2,000 

 

 

2,000 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets measured at fair value

 

$

620,659 

 

$

620,409 

 

$

250 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of supplemental fair value information about long-term fixed-rate debt

 

 

 

March 31,

 

September 30,

 

 

 

2015

 

2014

 

 

 

(in millions)

 

 

 

 

 

 

 

Carrying value of long-term fixed-rate debt

 

$

572.1 

 

$

79.0 

 

Fair value of long-term fixed-rate debt

 

$

597.2 

 

$

84.3 

 

 

 

 

 
  September 30,  
 
  2014
(as adjusted)
  2013
(as adjusted)
 
 
  (in millions)
 

Carrying value of long-term fixed-rate debt

  $ 79.0   $ 193.7  

Fair value of long-term fixed-rate debt

  $ 84.3   $ 205.4