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Fair Value Measurements
 6 Months Ended
Mar. 31, 2024
Fair Value Disclosures [Abstract]  
Fair Value Disclosures [Text Block] . FAIR VALUE MEASUREMENTS
Fair Value Measurement Accounting
 
Fair value is considered the price to sell an asset, or transfer a liability, between market participants on the measurement date. Fair value measurements assume that (1) the asset or liability is exchanged in an orderly manner, (2) the exchange is in the principal market for that asset or liability, and (3) the market participants are independent, knowledgeable, and able and willing to transact an exchange. Fair value accounting and reporting establishes a framework for measuring fair value by creating a hierarchy for observable independent market inputs and unobservable market assumptions and expands disclosures about fair value measurements. Judgment is required to interpret the market data used to develop fair value estimates. As such, the estimates presented herein are not necessarily indicative of the amounts that could be realized in a current exchange. The use of different market assumptions and/or estimation methods could have a material effect on the estimated fair value.

At March 31, 2024 and September 30, 2023, financial assets and liabilities measured at fair value on a recurring basis were limited to investments in equity securities and debt securities classified as trading securities, our Executive Deferred Compensation Plan, under which certain employees are permitted to defer a portion of their base salary and/or bonus for a Plan Year (as defined in the plan), and contingent consideration liabilities related to certain of our acquisitions.

Financial assets (liabilities) measured at fair value on a recurring basis as of March 31, 2024 and September 30, 2023, are summarized in the following tables by the type of inputs applicable to the fair value measurements:
March 31, 2024
Total Fair ValueQuoted Prices (Level 1)Significant Unobservable Inputs (Level 3)
Equity securities$13,048 $13,048 $— 
Debt securities classified as trading securities4,444 4,444 — 
Executive savings plan assets925 925 — 
Executive savings plan liabilities(793)(793)— 
Total$17,624 $17,624 $— 
September 30, 2023
Total Fair ValueQuoted Prices (Level 1)Significant Unobservable Inputs (Level 3)
Executive savings plan assets$783 $783 $— 
Executive savings plan liabilities(657)(657)— 
Contingent consideration liability(4,465)— (4,465)
Total$(4,339)$126 $(4,465)

Investments in equity securities and debt securities, all of which are classified as trading securities and mature after one year and before five years at March 31, 2024, were included in “Prepaid expenses and other current assets” in our Condensed Consolidated Balance Sheets. Gains and losses to measure our investments in equity and debt securities at fair value were included in Other income, net in our Condensed Consolidated Statements of Comprehensive Income. Our unrealized net gains (losses), which are calculated as total net gains (losses) recognized during the period less net gains (losses) recognized on securities sold during the period, were as follows:

Three Months Ended March 31,Six Months Ended March 31,
2024202320242023
Unrealized loss on equity securities$(1,852)$— $(1,852)$— 
Unrealized gain (loss) on debt securities(57)— 62 — 
Total unrealized loss on trading securities$(1,909)$— $(1,790)$— 

In fiscal year 2021, we entered into a contingent consideration arrangement related to the acquisition of Bayonet. The table below presents the change in fair value of this obligation, which used significant unobservable inputs (Level 3). This obligation was settled during the six months ended March 31, 2024, and we did not have any other assets or liabilities measured using significant unobservable inputs at March 31, 2024.
Contingent Consideration Agreements
Fair value at September 30, 2023$(4,465)
Net adjustments to fair value(35)
Settlements4,500 
Fair value at March 31, 2024$— 
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]
Investments in equity securities and debt securities, all of which are classified as trading securities and mature after one year and before five years at March 31, 2024, were included in “Prepaid expenses and other current assets” in our Condensed Consolidated Balance Sheets. Gains and losses to measure our investments in equity and debt securities at fair value were included in Other income, net in our Condensed Consolidated Statements of Comprehensive Income. Our unrealized net gains (losses), which are calculated as total net gains (losses) recognized during the period less net gains (losses) recognized on securities sold during the period, were as follows:

Three Months Ended March 31,Six Months Ended March 31,
2024202320242023
Unrealized loss on equity securities$(1,852)$— $(1,852)$— 
Unrealized gain (loss) on debt securities(57)— 62 — 
Total unrealized loss on trading securities$(1,909)$— $(1,790)$—