v3.25.2
Fair Value Measurements (Tables)
9 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Summary of Financial Assets and Liabilities Measured at Fair Value

The following tables summarize the Company’s financial assets and liabilities measured at fair value in the accompanying Unaudited Condensed Consolidated Balance Sheets:

 

 

June 30, 2025

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

 

 

(Amounts in thousands)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap contract

 

$

 

 

$

553

 

 

$

 

 

$

553

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration liabilities

 

$

 

 

$

 

 

$

4,532

 

 

$

4,532

 

 

 

 

September 30, 2024

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

 

 

(Amounts in thousands)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap contract

 

$

 

 

$

716

 

 

$

 

 

$

716

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration liabilities

 

$

 

 

$

 

 

$

81,311

 

 

$

81,311

 

Summary of Changes in Fair Value of Contingent Consideration Liabilities Which Reflect Level 3 Inputs

The following table sets forth the changes in fair value of our contingent consideration liabilities, which reflect Level 3 inputs, for the nine months ended June 30, 2025 and 2024:

 

 

Contingent Consideration Liabilities

 

 

 

2025

 

 

2024

 

 

 

(Amounts in thousands)

 

Beginning balance - September 30,

 

$

81,311

 

 

$

86,059

 

Additions from business acquisitions

 

 

 

 

 

1,313

 

Settlements

 

 

(51,127

)

 

 

(3,032

)

Change in fair value and net present value of contingency

 

 

(25,655

)

 

 

2,393

 

Ending balance June 30,

 

$

4,529

 

 

$

86,733

 

 

Summary of Carrying Value and Fair Value of Mortgage Facilities and Term Loan The following table summarizes the carrying value and fair value of our mortgage facilities and term loan as of June 30, 2025 and September 30, 2024:

 

 

June 30, 2025

 

 

September 30, 2024

 

 

 

Fair Value

 

 

Carrying Value

 

 

Fair Value

 

 

Carrying Value

 

 

 

(Amounts in thousands)

 

Mortgage facility payable to Flagship Bank

 

$

4,977

 

 

$

5,039

 

 

$

5,501

 

 

$

5,411

 

Mortgage facility payable to Seacoast National Bank

 

 

13,930

 

 

 

14,360

 

 

 

15,467

 

 

 

15,378

 

Mortgage facility payable to Hancock Whitney Bank

 

 

19,989

 

 

 

19,931

 

 

 

21,781

 

 

 

21,366

 

Mortgage facility payable to M&T Bank

 

 

36,540

 

 

 

36,540

 

 

 

 

 

 

 

Term loan payable to M&T Bank

 

 

326,873

 

 

 

325,000

 

 

 

347,250

 

 

 

347,500