Fair Value Measurements (Tables)

12 Months Ended

Sep. 30, 2020

Fair Value of Assets Measured on Recurring Basis

The following tables provide information by level for financial assets and liabilities that are measured at fair value on a recurring basis (in thousands):


			Fair Value Measurements at September 30, 2020 using:
	Total carrying value at September 30, 2020		Quoted price in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)







Liabilities:
Contingent consideration on acquired business	$	4,228	$	—	$	—	$	4,228
Total liabilities measured at fair value	$	4,228	$	—	$	—	$	4,228


			Fair Value Measurements at September 30, 2019 using:
	Total carrying value at September 30, 2019		Quoted price in active markets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
Assets:
Money market	$	56,700	$	56,700	$	—	$	—




Total assets measured at fair value	$	56,700	$	56,700	$	—	$	—
Liabilities:
Contingent consideration on acquired businesses	$	5,407	$	—	$	—	$	5,407
Total liabilities measured at fair value	$	5,407	$	—	$	—	$	5,407

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

The following table presents a reconciliation of the contingent consideration liability measured at fair value on a recurring basis using significant unobservable inputs (Level 3) (in thousands):


	Fiscal year ended September 30,
	2020		2019
Fair value at beginning of period	$	5,407	$	10,065
Purchase price contingent consideration	5,100		—
Contingent consideration payments	(6,151)		(5,848)
Change in fair value of contingent consideration	(128)		1,190
Fair value at end of period	$	4,228	$	5,407