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Fair Value Measurements (Tables)
 6 Months Ended
Mar. 31, 2023
Fair Value Disclosures [Abstract]  
Summary of Financial Assets that are Measured at Fair Value and Indicates the Fair Value Hierarchy of the Valuation Inputs

The following table presents information about our financial assets that are measured at fair value and indicates the fair value hierarchy of the valuation inputs used (dollars in thousands) as of:

 

 

 

March 31, 2023

 

 

 

Fair Value

 

 

Cash and Cash Equivalents

 

 

Marketable Securities

 

Level 1:

 

 

 

 

 

 

 

 

 

Money market funds $62,219 at cost (a)

 

$

62,219

 

 

$

62,219

 

 

$

-

 

Government securities $6,193 at cost (a,b)

 

 

6,132

 

 

 

299

 

 

 

5,833

 

Level 2:

 

 

 

 

 

 

Government securities $6,085 at cost (b)

 

 

6,080

 

 

 

-

 

 

 

6,080

 

Time deposits, $4,016 at cost (a)

 

 

4,016

 

 

 

4,016

 

 

 

-

 

Commercial paper, $1,982 at cost (b)

 

 

1,982

 

 

 

-

 

 

 

1,982

 

Corporate bonds, $13,520 at cost (b)

 

 

13,442

 

 

 

-

 

 

 

13,442

 

Debt securities, $2,000 at cost (c)

 

 

2,669

 

 

 

-

 

 

 

-

 

Total assets

 

$

96,540

 

 

$

66,534

 

 

$

27,337

 

 

 

 

September 30, 2022

 

 

Fair Value

 

 

Cash and Cash Equivalents

 

 

Marketable Securities

 

Level 1:

 

 

 

 

 

 

 

 

Money market funds $59,146 at cost (a)

 

$

59,138

 

 

$

59,138

 

 

$

-

 

Government securities $4,976 at cost (b)

 

 

4,892

 

 

 

-

 

 

 

4,892

 

Level 2:

 

 

 

 

 

Government securities $2,377 at cost (b)

 

 

2,361

 

 

 

-

 

 

 

2,361

 

Time deposits, $1,472 at cost (a)

 

 

1,472

 

 

 

1,472

 

 

 

-

 

Commercial paper, $7,648 at cost (b)

 

 

7,647

 

 

 

-

 

 

 

7,647

 

Corporate bonds, $17,328 at cost (b)

 

 

17,001

 

 

 

-

 

 

 

17,001

 

Debt securities, $2,000 at cost (c)

 

 

2,000

 

 

 

-

 

 

 

-

 

Total assets

 

$

94,511

 

 

$

60,610

 

 

$

31,901

 

 

(a)
Money market funds and other highly liquid investments with original maturities of 90 days or less are included within Cash and cash equivalents in the Condensed Consolidated Balance Sheets.

 

(b)
Government securities, commercial paper and corporate bonds with original maturities greater than 90 days are included within Marketable securities in the Condensed Consolidated Balance Sheets and classified as current or noncurrent based upon whether the maturity of the financial asset is less than or greater than 12 months.

 

(c)
Debt securities are included within Prepaid and other current assets and Other assets in the Condensed Consolidated Balance Sheets and classified as current or noncurrent based upon whether the maturity of the financial asset is less than or greater than 12 months. During the second quarter of fiscal year 2023, we obtained debt securities in a privately held company as part of a non-cash transaction.