Fair Value Measurements (Tables)

3 Months Ended

Dec. 31, 2022

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:


	December 31, 2022
	Fair Value		Cash and Cash Equivalents		Marketable Securities
Level 1:
Money market funds $46,278 at cost (a)	$	46,275	$	46,275	$	-
Government securities $5,458 at cost (b)		5,372		-		5,372
Level 2:
Government securities $4,049 at cost (b)		4,025		-		4,025
Time deposits, $1,934 at cost (a)		1,934		1,934		-
Commercial paper, $2,467 at cost (b)		2,467		-		2,467
Corporate bonds, $17,940 at cost (b)		17,717		-		17,717
Debt securities, $2,100 at cost (c)		2,100		-		-
Total assets	$	79,890	$	48,209	$	29,581


	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 in the Condensed Consolidated Balance Sheets and classified as current given the maturity of the financial asset is less than 12 months.

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are 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. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

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