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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Sep. 30, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items] |
Schedule of property and equipment useful lives | Property and equipment are recorded at cost, and depreciated or amortized on a straight-line basis over the following estimated useful lives:
Computers and purchased software |  | One to five years
Office/operational equipment |  | Three to five years
Furniture and fixtures |  | Five to seven years
Internally developed software for internal-use |  | Five years (1)
Leasehold improvements |  | Shorter of lease term or useful life
Buildings |  | Thirty-nine years
Vehicles |  | Five years
Land |  | Not depreciated
(1) As part of our reassessment of the estimated useful lives of our property and equipment, our estimate of the useful life of internally developed software for internal-use changed from seven years to five years in the fourth quarter of the year ended September 30, 2019. This change in estimate was applied prospectively and it increased amortization expense by $0.1 million for the year ended September 30, 2019 and is expected to increase amortization expense by approximately $0.7 million for the year ended September 30, 2020.
Schedule of changes in accumulated other comprehensive income (loss), net of taxes | The following table shows the changes in accumulated other comprehensive income (loss), net of taxes (in thousands):
|  | Foreign Currency Translation Adjustments |  | Net Change Pension and Other Postretirement Benefit Plans |  | Accumulated Other Comprehensive Loss
Balance at September 30, 2016 |  | $ | (7,345) |  |  | $ | (1,226) |  |  | $ | (8,571) |
Current-period other comprehensive (loss) income |  | 551 |  |  | 1,589 |  |  | 2,140 |
Balance at September 30, 2017 |  | (6,794) |  |  | 363 |  |  | (6,431) |
Current-period other comprehensive (loss) income |  | (791) |  |  | 773 |  |  | (18) |
Balance at September 30, 2018 |  | (7,585) |  |  | 1,136 |  |  | (6,449) |
Current-period other comprehensive (loss) income |  | (984) |  |  | (540) |  |  | (1,524) |
Balance at September 30, 2019 |  | $ | (8,569) |  |  | $ | 596 |  |  | $ | (7,973) |
Schedule of new accounting pronouncements | The Company also adopted the following ASUs during the year ended September 30, 2019 that did not have a significant impact on the consolidated financial statements or the related footnote disclosures:
Accounting Standards Update |  |  | Effective Date
2017-09 | Scope of Modification Accounting |  | October 1, 2018
2017-01 | Clarifying the Definition of a Business |  | October 1, 2018
2016-16 | Intra-Entity Transfers of Assets Other Than Inventory |  | October 1, 2018
2016-15 | Classification of Certain Cash Receipts and Cash Payments |  | October 1, 2018
2016-01 | Recognition and Measurement of Financial Assets and Liabilities, as updated by 2018-03 |  | October 1, 2018
2017-04 | Simplifying the Test for Goodwill Impairment |  | July 1, 2019
2018-14 | Disclosure Framework - Changes to the Disclosure Requirements for Defined Benefit Plans |  | September 30, 2019
2018-13 | Disclosure Framework - Changes to the Disclosure Requirements for Fair Value Measurements |  | September 30, 2019
The Company has also completed its evaluation of the following ASUs, which are not expected to have a significant impact on the consolidated financial statements or the related footnote disclosures:
Accounting Standards Update |  |  | Effective Date
2018-07 | Improvements to Nonemployee Share-based Payment Accounting |  | October 1, 2019
2018-02 | Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income |  | October 1, 2019
Accounting Standards Update 2014-09 |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] |
Schedule of new accounting pronouncements | The cumulative effect of the changes made to the consolidated October 1, 2018 balance sheet for the adoption of ASC 606 was as follows (in thousands):
|  | Balance at September 30, 2018 |  | Adjustment due to adoption of ASC 606 |  | Balance as adjusted at October 1, 2018
Prepaid expenses and other current assets |  | $ | 7,816 |  |  | $ | 671 |  |  | $ | 8,487 |
Other assets |  | $ | 14,124 |  |  | $ | 59 |  |  | $ | 14,183 |
Accumulated deficit |  | $ | (100,045) |  |  | $ | 730 |  |  | $ | (99,315) |
The impact of adopting ASC 606 on the Company’s consolidated statement of operations and the consolidated balance sheet for the year ended September 30, 2019 was as follows (in thousands):
|  | Year ended September 30, 2019 |  |  |  |
|  | As reported |  | Balance without adoption of ASC 606 |  | Effect of change Higher/(lower)
Consolidated statement of operations: |  |  |  |  |  |
Fee revenue |  | 78,636 |  |  | 78,989 |  |  | (353) |
|  | September 30, 2019 |  |  |  |
|  | As reported |  | Balance without adoption of ASC 606 |  | Effect of change Higher/(lower)
Consolidated balance sheet: |  |  |  |  |  |
Prepaid expenses and other current assets |  | 8,350 |  |  | 7,844 |  |  | 506 |
Other assets |  | 12,136 |  |  | 11,827 |  |  | 309 |
Accumulated deficit |  | (118,572) |  |  | (117,757) |  |  | (815) |

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