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Fair Value Measurements (Tables)
12 Months Ended
Sep. 30, 2023
Fair Value Disclosures [Abstract]  
Summary of assets and liabilities measured and recorded at fair value on a recurring basis

The following tables summarize assets and liabilities measured and recorded at fair value on a recurring basis in the accompanying Consolidated Balance Sheets as of September 30, 2023 and 2022 (in thousands):

As of September 30, 2023

Description

Total Fair Value

Level 1

Level 2

Level 3

Assets:

 

  

 

  

 

  

 

  

Cash equivalents

$

525,952

$

525,952

$

$

Available-for-sale securities

 

450,211

 

85,949

364,262

 

Foreign exchange contracts

 

44

 

 

44

 

Net investment hedge

 

13,036

 

 

13,036

 

Total assets

$

989,243

$

611,901

$

377,342

$

Liabilities:

 

  

 

  

 

  

 

  

Foreign exchange contracts

421

421

Total liabilities

$

421

$

$

421

$

As of September 30, 2022

Description

Total Fair Value

Level 1

Level 2

Level 3

Assets:

 

  

 

  

 

  

 

  

Cash equivalents

$

374,804

$

374,055

$

749

$

Available-for-sale securities

 

1,263,782

 

651,800

 

611,982

 

Foreign exchange contracts

 

634

 

 

634

 

Net investment hedge

124,789

124,789

Total assets

$

1,764,009

$

1,025,855

$

738,154

$

Liabilities:

 

  

 

  

 

  

 

  

Foreign exchange contracts

230

$

230

Total liabilities

$

230

$

$

230

$