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INVESTMENTS (Tables)
12 Months Ended
Sep. 30, 2017
Gain (Loss) on Investments [Line Items]  
Summary of Investments by Type of Security
The following tables summarize investments by security type as of September 30, 2017 and 2016 (amounts shown in thousands):
 
 
September 30, 2017
 
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair Market
Value
Available-for-sale securities:
 
 
 
 
 
 
 
US Treasury
$
3,897

 
$

 
$
(3
)
 
$
3,894

Corporate debt securities, short-term
26,393

 

 
(8
)
 
26,385

Corporate debt securities, long-term
3,785

 

 
(5
)
 
3,780

Total
$
34,075

 
$

 
$
(16
)
 
$
34,059

 
 
September 30, 2016
 
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Fair Market
Value
Available-for-sale securities:
 

 
 

 
 

 
 

U.S. Treasury, short-term
$
12,907

 
$
8

 
$

 
$
12,915

Corporate debt securities, short-term
11,949

 
2

 
(3
)
 
11,948

Corporate debt securities, long-term
1,954

 
1

 
(3
)
 
1,952

Total
$
26,810

 
$
11

 
$
(6
)
 
$
26,815

Summary of Fair Value of Investments Measured on Recurring Basis
The following tables represent the fair value hierarchy of the Company’s investments and acquisition-related contingent consideration as of September 30, 2017 and 2016 (amounts shown in thousands):
 
Balance
 
Quoted Prices in Active Markets (Level 1)
 
Significant Other Observable Inputs (Level 2)
 
Significant Unobservable Inputs (Level 3)
September 30, 2017:
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
Short-term investments:
 
 
 
 
 
 
 
U.S. Treasury
$
3,894

 
$
3,894

 
$

 
$

Corporate debt securities
 

 
 

 
 

 
 

Financial
3,041

 

 
3,041

 

Industrial
9,503

 

 
9,503

 

Commercial paper
 

 
 

 
 

 
 

Financial
10,850

 

 
10,850

 

Industrial
2,991

 

 
2,991

 

Total short-term investments at fair value
30,279

 
3,894

 
26,385

 

Long-term investments:
 
 
 
 
 
 
 
U.S. Treasury

 

 

 

Corporate debt securities
 
 
 
 
 
 
 
Financial
1,858

 

 
1,858

 

Industrial
1,922

 

 
1,922

 

Total assets at fair value
$
34,059

 
$
3,894

 
$
30,165

 
$

Liabilities:
 

 
 

 
 

 
 

Acquisition-related contingent consideration
354

 

 

 
354

Total liabilities at fair value
$
354

 
$

 
$

 
$
354

 
Balance
 
Quoted Prices in Active Markets (Level 1)
 
Significant Other Observable Inputs (Level 2)
 
Significant Unobservable Inputs (Level 3)
September 30, 2016:
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
Short-term investments:
 
 
 
 
 
 
 
U.S. Treasury
$
12,915

 
$
12,915

 
$

 
$

Corporate debt securities
 

 
 

 
 

 
 

Financial
3,963

 

 
3,963

 

Industrial
4,445

 

 
4,445

 

Commercial paper
 

 
 

 
 

 
 

Financial
2,843

 

 
2,843

 

Industrial
697

 

 
697

 

Total short-term investments at fair value
24,863

 
12,915

 
11,948

 

Long-term investments:
 

 
 

 
 

 
 

Corporate debt securities
 

 
 

 
 

 
 

Financial
502

 

 
502

 

Industrial
1,450

 

 
1,450

 

Total assets at fair value
$
26,815

 
$
12,915

 
$
13,900

 
$

Liabilities:
 

 
 

 
 

 
 

Acquisition-related contingent consideration
252

 

 

 
252

Total liabilities at fair value
$
252

 
$

 
$

 
$
252


Contingent Consideration  
Gain (Loss) on Investments [Line Items]  
Summary of Acquisition-related Contingent Consideration Measured at Fair Value
The following table includes a summary of the Acquisition-related contingent consideration measured at fair value using significant unobservable inputs (Level 3) during the year ended September 30, 2017 (amounts shown in thousands):
 
Balance at September 30, 2016
$
252

Expenses recorded due to changes in fair value
412

Issuance of common stock
(310
)
Balance at September 30, 2017
$
354