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Investments (Tables)
12 Months Ended
Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]  
Summary of Short-term, Long-term Investments and Marketable Securities
The Company’s investments consisted of the following:
As of September 30, 2023
(in thousands)
Adjusted BasisGross
Unrealized Gains
Gross
Unrealized Losses
Fair Value
Available-for-sale debt securities$295,699 $— $(2,964)$292,735 
Total current investments$295,699 $— $(2,964)$292,735 
The Company does not believe that the available-for-sale debt securities that were in an unrealized loss position have any credit loss impairment as of September 30, 2023.
As of September 30, 2022
(in thousands)
Adjusted BasisGross
Unrealized Gains
Gross
Unrealized Losses
Fair Value
Short-term investments (due within one year)
Held-to-maturity debt securities
$218,391 $— $(3,661)$214,730 
Held-to-maturity certificate of deposit
50,000 — — 50,000 
Total current investments$268,391 $— $(3,661)$264,730 
Long-term investments (Due within one through three years)
Held-to-maturity debt securities$105,872 $— $(5,569)$100,303 
Total long-term investments$105,872 $— $(5,569)$100,303