Fair Value Measurements (Tables)

9 Months Ended

Jun. 30, 2023

Schedule of Fair Value of Assets and Liabilities

The tables below present assets and liabilities measured and recorded at fair value in our consolidated balance sheets on a recurring basis and their corresponding level within the fair value hierarchy. No transfers between Level 1, Level 2, and Level 3 fair value measurements occurred for the nine months ended June 30, 2023.


Table 8.1: Fair Value Measurements
	As of June 30, 2023
	Level 1		Level 2		Level 3		Balance
	(in thousands)
Assets:
Deferred compensation assets - Rabbi Trust	$	27,306	$	—	$	—	$	27,306
Interest rate swaps - $650 million notional value	—		29,647		—		29,647
Notes receivable	—		—		7,397		7,397
Total assets	$	27,306	$	29,647	$	7,397	$	64,350
Liabilities:

Contingent consideration	—		—		12,700		12,700
Total liabilities	$	—	$	—	$	12,700	$	12,700

The following table shows changes in accumulated other comprehensive loss:


Table 8.2: Details of Changes in Accumulated Other Comprehensive Loss by Category
	Foreign currency translation adjustment		Net unrealized gain on derivatives, net of tax		Total
	(in thousands)
Balance as of September 30, 2022	$	(57,109)	$	23,148	$	(33,961)
Other comprehensive income before reclassifications	10,831		4,554		15,385
Amounts reclassified from accumulated other comprehensive loss	116		(5,851)		(5,735)
Net current period other comprehensive losses	10,947		(1,297)		9,650
Balance as of June 30, 2023	$	(46,162)	$	21,851	$	(24,311)

Movement in our contingent consideration balance is as follows:


Table 8.3: Fair Value Measurement Using Significant Unobservable Inputs (Level 3)
	Contingent Consideration
	(in thousands)
Opening contingent consideration as of September 30, 2022	$	16,236
Adjustments to fair value recorded in the period	2,810
Cash payments	(6,662)
Foreign currency translations	316
Closing contingent consideration as of June 30, 2023	$	12,700