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SUPPLEMENTAL BALANCE SHEET INFORMATION | 6 Months Ended
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Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
SUPPLEMENTAL BALANCE SHEET INFORMATION | . SUPPLEMENTAL BALANCE SHEET INFORMATION Trade receivables and contract assets, net consisted of the following:
| March 31, |  | September 30,
| 2025 |  | 2024
Trade receivables | $ | 65,313 |  |  | $ | 65,867 |
Unbilled revenue | 11,529 |  |  | 14,624 |
Total | 76,842 |  |  | 80,491 |
Less: Allowance for credit losses | (5,902) |  |  | (6,931) |
Trade receivables and contract assets, net of allowances for credit losses | $ | 70,940 |  |  | $ | 73,560 |
Inventories, net consisted of the following:
| March 31, |  | September 30,
| 2025 |  | 2024
Raw materials | $ | 2,194 |  |  | $ | 1,868 |
Work in progress | 30 |  |  | 61 |
Finished goods | 4,705 |  |  | 4,174 |
Research Model Inventory | 34,050 |  |  | 14,870 |
Total | 40,979 |  |  | 20,973 |
Less: Obsolescence reserve | (2,937) |  |  | (2,800) |
Inventories, net | $ | 38,042 |  |  | $ | 18,173 |
Prepaid expenses and other current assets consisted of the following:
| March 31, |  | September 30,
| 2025 |  | 2024
Advances to suppliers | $ | 27,761 |  |  | $ | 36,516 |
Prepaid research models | 4,526 |  |  | 4,993 |
Income tax receivable | 2,079 |  |  | 2,602 |
Note receivable | 1,335 |  |  | 1,280 |
Other | 6,295 |  |  | 4,857 |
Prepaid expenses and other current assets | $ | 41,996 |  |  | $ | 50,248 |
The composition of other assets is as follows:
| March 31, |  | September 30,
| 2025 |  | 2024
Note receivable | $ | 6,182 |  |  | $ | 6,082 |
Funded status of defined benefit plan | 3,126 |  |  | 3,142 |
Finance lease right-of-use assets, net | 2,846 |  |  | 652 |
Other | 1,362 |  |  | 1,897 |
Other assets | $ | 13,516 |  |  | $ | 11,773 |
Accrued expenses and other current liabilities consisted of the following:
| March 31, |  | September 30,
| 2025 |  | 2024
Accrued compensation | $ | 11,351 |  |  | $ | 10,851 |
Non-income taxes | 3,985 |  |  | 4,409 |
Accrued interest | 185 |  |  | 3,017 |
Current portion of long-term finance lease | 414 |  |  | 211 |
Other | 5,665 |  |  | 4,730 |
Resolution and Plea Agreements (1) | 5,000 |  |  | 5,000 |
Accrued expenses and other current liabilities | $ | 26,600 |  |  | $ | 28,218 |
(1) Pursuant to the Resolution Agreement and Plea Agreement, the Company paid $6,500 during fiscal 2024 and expects to pay an additional $22,000 over multiple years. Accordingly, the Company has included $5,000 in accrued expenses and other current liabilities on the condensed consolidated balance sheets as of each of March 31, 2025 and September 30, 2024. The remaining $17,000 was included in other long-term liabilities on the condensed consolidated balance sheets as of each of March 31, 2025 and September 30, 2024 as described below.
The composition of fees invoiced in advance is as follows:
| March 31, |  | September 30,
| 2025 |  | 2024
Client deposits | $ | 24,044 |  |  | $ | 24,898 |
Deferred revenue | 16,419 |  |  | 17,088 |
Fees invoiced in advance | $ | 40,463 |  |  | $ | 41,986 |
The composition of other liabilities is as follows:
| March 31, |  | September 30,
| 2025 |  | 2024
Long-term client deposits | $ | 16,966 |  |  | $ | 16,966 |
Long-term finance leases | 2,427 |  |  | 433 |
Other | 534 |  |  | 564 |
Resolution and Plea Agreements (1) | 17,399 |  |  | 17,000 |
Other long-term liabilities | $ | 37,326 |  |  | $ | 34,963 |
(1) Pursuant to the Resolution Agreement and Plea Agreement, the Company paid $6,500 during fiscal 2024 and expects to pay an additional $22,000 over multiple years. Accordingly, the Company has included $17,000 in other long-term liabilities on its condensed consolidated balance sheets as of each of March 31, 2025 and September 30, 2024. Further, all interest accrued on the liabilities associated with the Resolution Agreement and Plea Agreement is payable at the time of the due date of the final payment, which is June 3, 2028. Therefore, accrued interest related to the Resolution and Plea Agreements is also presented within other long-term liabilities. Beginning in October 2024, interest accrues on the entire unpaid balance of the liabilities associated with the Resolution and Plea Agreements at an annual rate of 4.18%.

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- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/210/tableOfContent + Details
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