SUPPLEMENTAL BALANCE SHEET INFORMATION

3 Months Ended

Dec. 31, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

SUPPLEMENTAL BALANCE SHEET INFORMATION

.    SUPPLEMENTAL BALANCE SHEET INFORMATION

Trade receivables and contract assets, net consisted of the following:

	December 31,		September 30,
	2024		2024
Trade receivables	$	61,255	$	65,867
Unbilled revenue	15,306		14,624
Total	76,561		80,491
Less: Allowance for credit losses	(6,421)		(6,931)
Trade receivables and contract assets, net of allowances for credit losses	$	70,140	$	73,560

Inventories, net consisted of the following:

	December 31,		September 30,
	2024		2024
Raw materials	$	1,844	$	1,868
Work in progress	89		61
Finished goods	4,038		4,174
Research Model Inventory	28,676		14,870
Total	34,647		20,973
Less: Obsolescence reserve	(3,090)		(2,800)
Inventories, net	$	31,557	$	18,173

Prepaid expenses and other current assets consisted of the following:

	December 31,		September 30,
	2024		2024
Advances to suppliers	$	14,812	$	36,516
Prepaid research models	4,434		4,993
Income tax receivable	2,225		2,602
Note receivable	1,335		1,280
Other	6,855		4,857
Prepaid expenses and other current assets	$	29,661	$	50,248

The composition of other assets is as follows:

	December 31,		September 30,
	2024		2024
Long-term advances to suppliers	$	6,131	$	6,082
Funded status of defined benefit plan	2,986		3,142
Other	2,214		2,549
Other assets	$	11,331	$	11,773

Accrued expenses and other current liabilities consisted of the following:

	December 31,		September 30,
	2024		2024
Accrued compensation	$	8,807	$	10,851
Non-income taxes	4,197		4,409
Accrued interest	1,455		3,017
Other	6,041		4,941
Resolution and Plea Agreements (1)	5,000		5,000
Accrued expenses and other current liabilities	$	25,500	$	28,218
(1) Pursuant to the Resolution Agreement and Plea Agreement, the Company paid $6,500 during fiscal 2024 and expects to pay an additional $22,000 over multiple years. Accordingly, the Company has included $5,000 in accrued expenses and other current liabilities on the condensed consolidated balance sheets as of each of December 31, 2024 and September 30, 2024. The remaining $17,000 was included in other long-term liabilities on the condensed consolidated balance sheets as of each of December 31, 2024 and September 30, 2024 as described below.

The composition of fees invoiced in advance is as follows:

	December 31,		September 30,
	2024		2024
Client deposits	$	28,902	$	24,898
Deferred revenue	17,227		17,088
Fees invoiced in advance	$	46,129	$	41,986

The composition of other liabilities is as follows:

	December 31,		September 30,
	2024		2024
Long-term client deposits	$	16,966	$	16,966
Other	1,152		997
Resolution and Plea Agreements (1)	17,242		17,000
Other liabilities	$	35,360	$	34,963
(1) Pursuant to the Resolution Agreement and Plea Agreement, the Company paid $6,500 during fiscal 2024 and expects to pay an additional $22,000 over multiple years. Accordingly, the Company has included $17,000 in other long-term liabilities on its condensed consolidated balance sheets as of each of December 31, 2024 and September 30, 2024. Further, all interest accrued on the liabilities associated with the Resolution Agreement and Plea Agreement is payable at the time of the final payment. Therefore, long-term accrued interest is also presented within other long-term liabilities.