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Marketable Securities (Tables)

3 Months Ended

Dec. 31, 2019

Investments, Debt and Equity Securities [Abstract]

Company's Marketable Securities Measured at Fair Value

The following table sets forth, by level, within the fair value hierarchy, the Company’s assets measured at fair value as of December 31, 2019:

		Fair Value Measurements
		Level 1				Level 2				Level 3				Total
Equities		$	14,070,000			$	—			$	—			$	14,070,000
Mutual Funds			4,052,000				—				—				4,052,000
Exchange-Traded Funds			5,298,000				—				—				5,298,000
Corporate Bonds			—				42,474,000				—				42,474,000
Government Securities			40,005,000				—				—				40,005,000
Cash and Money Funds			1,333,000				—				—				1,333,000
Total		$	64,758,000			$	42,474,000			$	—			$	107,232,000

Net unrealized gains recognized during the quarter ended December 31, 2019 on trading securities still held as of December 31, 2019 were $1,190,000. There were no transfers of investments between Level 1 and Level 2 during the quarter ended December 31, 2019.

The following table sets forth by level, within the fair value hierarchy, the Company’s assets measured at fair value as of September 30, 2019:

		Fair Value Measurements
		Level 1				Level 2				Level 3				Total
Equities		$	10,412,000			$	—			$	—			$	10,412,000
Mutual Funds			3,987,000				—				—				3,987,000
Exchange-Traded Funds			5,163,000				—				—				5,163,000
Corporate Bonds			—				38,690,000				—				38,690,000
Government Securities			45,171,000				—				—				45,171,000
Cash and Money Funds			1,899,000				—				—				1,899,000
Total		$	66,632,000			$	38,690,000			$	—			$	105,322,000

Net unrealized losses recognized during the quarter ended December 31, 2018 on trading securities still held as of December 31, 2018 were $(2,425,000). There were no transfers of investments between Level 1 and Level 2 during the quarter ended December 31, 2018. In the quarter ended December 31, 2018, the Company invested an additional $2.0 million of its operating cash in marketable securities.

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- Definition

Tabular disclosure of assets measured at fair value measured on a recurring or nonrecurring basis. Includes, but is not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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X

- References

No definition available.

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