v3.26.1
Fair Value Measurements (Tables)
9 Months Ended
Jun. 30, 2026
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, 2026

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

 

 

(Amounts in thousands)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap contract

 

$

 

 

$

371

 

 

$

 

 

$

371

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration liabilities

 

$

 

 

$

 

 

$

957

 

 

$

957

 

 

 

 

September 30, 2025

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

 

 

(Amounts in thousands)

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

Interest rate swap contract

 

$

 

 

$

481

 

 

$

 

 

$

481

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Contingent consideration liabilities

 

$

 

 

$

 

 

$

1,675

 

 

$

1,675

 

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, 2026 and 2025:

 

 

Contingent Consideration Liabilities

 

 

 

2026

 

 

2025

 

 

 

(Amounts in thousands)

 

Beginning balance - September 30,

 

$

1,675

 

 

$

81,311

 

Settlements and other adjustments

 

 

 

 

 

(51,127

)

Change in fair value and net present value of contingency

 

 

(718

)

 

 

(25,655

)

Ending Balance - June 30,

 

$

957

 

 

$

4,529

 

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, 2026 and September 30, 2025:

 

 

June 30, 2026

 

 

September 30, 2025

 

 

 

Fair Value

 

 

Carrying Value

 

 

Fair Value

 

 

Carrying Value

 

 

 

(Amounts in thousands)

 

Mortgage facility payable to Flagship Bank

 

$

4,548

 

 

$

4,543

 

 

$

4,964

 

 

$

4,915

 

Mortgage facility payable to Seacoast National Bank

 

 

12,725

 

 

 

13,003

 

 

 

14,074

 

 

 

14,020

 

Mortgage facility payable to Hancock Whitney Bank

 

 

18,465

 

 

 

18,017

 

 

 

19,651

 

 

 

19,452

 

Mortgage facility payable to M&T Bank

 

 

30,588

 

 

 

30,588

 

 

 

36,190

 

 

 

36,083

 

Term loan payable to M&T Bank

 

 

297,017

 

 

 

297,017

 

 

 

313,540

 

 

 

317,500