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INVESTMENTS (Tables)

12 Months Ended

Sep. 30, 2023

Investments, Debt and Equity Securities [Abstract]

Schedule of Investments by Type of Security

The following tables summarize investments by type of security as of September 30, 2023 and 2022, respectively (amounts in thousands):

September 30, 2023:			Cost						Gross Unrealized Gains						Gross Unrealized Losses						Fair Market Value
Available-for-sale securities:
U.S. Treasury, short-term			$	40,329					$	1					$	(76)					$	40,254
Corporate debt securities, short-term			34,545						—						(99)						34,446
U.S. Treasury, long-term			1,371						—						(67)						1,304
Total			$	76,245					$	1					$	(242)					$	76,004

 

September 30, 2022:			Cost						Gross Unrealized Gains						Gross Unrealized Losses						Fair Market Value
Available-for-sale securities:
U.S. Treasury, short-term			$	6,016					$	—					$	(134)					$	5,882
Foreign government and agency securities, short-term			2,865						—						(38)						$	2,827
Commercial paper, short-term			18,245						—						(223)						18,022
Corporate debt securities, short-term			32,065						—						(528)						31,537
U.S. Treasury, long-term			3,431						—						(210)						3,221
Corporate debt securities, long-term			7,692						—						(280)						7,412
Total			$	70,314					$	—					$	(1,413)					$	68,901

Schedule of Fair Value of Investments Measured on Recurring Basis

The following tables represent the fair value hierarchy of the Company’s investments and acquisition-related contingent consideration as of September 30, 2023 and 2022, respectively (amounts in thousands):

September 30, 2023			Balance						Quoted Prices in Active Markets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
Assets:
Short-term investments:
U.S. Treasury			$	40,254					$	40,254					$	—					$	—
Corporate debt securities			34,446						—						34,446						—
Total short-term investments at fair value			74,700						40,254						34,446						—
Long-term investments:
U.S. Treasury			1,304						1,304						—						—
Total long-term investments at fair value			1,304						1,304						—						—
Total assets at fair value			$	76,004					$	41,558					$	34,446					$	—
Liabilities:
Current liabilities:
Acquisition-related contingent consideration			$	7,976					$	—					$	7,976					$	—
Total liabilities at fair value			$	7,976					$	—					$	7,976					$	—

September 30, 2022			Balance						Quoted Prices in Active Markets (Level 1)						Significant Other Observable Inputs (Level 2)						Significant Unobservable Inputs (Level 3)
Assets:
Short-term investments:
U.S. Treasury			$	5,882					$	5,882					$	—					$	—
Commercial paper			18,022						—						18,022						—
Foreign government and agency securities			2,827						—						2,827						—
Corporate debt securities			31,537						—						31,537						—
Total short-term investments at fair value			58,268						5,882						52,386						—
Long-term investments:
U.S. Treasury			3,221						3,221						—						—
Corporate debt securities			7,412						—						7,412						—
Total long-term investments at fair value			10,633						3,221						7,412						—
Total assets at fair value			$	68,901					$	9,103					$	59,798					$	—
Liabilities:
Current liabilities:
Acquisition-related contingent consideration			$	5,920					$	—					$	—					$	5,920
Total liabilities at fair value			$	5,920					$	—					$	—					$	5,920

Schedule of Acquisition-related Contingent Consideration Measured at Fair Value

The following table includes a roll-forward of the contingent consideration liability during the twelve months ended September 30, 2023 (amounts in thousands):

Balance at September 30, 2022			$	5,920
Expenses recorded due to changes in fair value			2,056
Balance at September 30, 2023			$	7,976

Schedule of Fair Value Measurement Inputs and Valuation Techniques

The following tables summarize the quantitative information including the unobservable inputs related to our acquisition-related contingent consideration as of September 30, 2022 (amounts in thousands):

			Fair Value at September 30, 2022						Valuation Technique						Unobservable Input						Input Used
Acquisition-related contingent consideration			$	5,920					Monte Carlo simulation						Weighted-average cost of capital						14.80		%
															Revenue weight-average cost of capital						4.40		%
															Revenue volatility						0.20

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