| Schedule of Fair Value of Assets and Liabilities |
The tables below present assets and liabilities measured and recorded at fair value in our consolidated balance sheets on a recurring basis and their corresponding level within the fair value hierarchy. No transfers between Level 1, Level 2, and Level 3 fair value measurements occurred for the nine months ended June 30, 2023.
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| Table 8.1: Fair Value Measurements |
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As of June 30, 2023 |
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Level 1 |
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Level 2 |
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Level 3 |
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Balance |
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(in thousands) |
| Assets: |
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| Deferred compensation assets - Rabbi Trust |
$ |
27,306 |
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$ |
— |
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$ |
— |
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$ |
27,306 |
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Interest rate swaps - $650 million notional value |
— |
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29,647 |
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— |
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29,647 |
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| Notes receivable |
— |
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— |
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7,397 |
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7,397 |
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| Total assets |
$ |
27,306 |
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$ |
29,647 |
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$ |
7,397 |
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$ |
64,350 |
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| Liabilities: |
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| Contingent consideration |
— |
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— |
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12,700 |
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12,700 |
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| Total liabilities |
$ |
— |
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$ |
— |
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$ |
12,700 |
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$ |
12,700 |
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| Table 8.2: Details of Changes in Accumulated Other Comprehensive Loss by Category |
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Foreign currency translation adjustment |
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Net unrealized gain on derivatives, net of tax |
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Total |
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(in thousands) |
| Balance as of September 30, 2022 |
$ |
(57,109) |
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$ |
23,148 |
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$ |
(33,961) |
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| Other comprehensive income before reclassifications |
10,831 |
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4,554 |
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15,385 |
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| Amounts reclassified from accumulated other comprehensive loss |
116 |
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(5,851) |
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(5,735) |
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| Net current period other comprehensive losses |
10,947 |
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(1,297) |
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9,650 |
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| Balance as of June 30, 2023 |
$ |
(46,162) |
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$ |
21,851 |
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$ |
(24,311) |
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Movement in our contingent consideration balance is as follows:
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| Table 8.3: Fair Value Measurement Using Significant Unobservable Inputs (Level 3) |
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Contingent Consideration |
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(in thousands) |
| Opening contingent consideration as of September 30, 2022 |
$ |
16,236 |
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| Adjustments to fair value recorded in the period |
2,810 |
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| Cash payments |
(6,662) |
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| Foreign currency translations |
316 |
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| Closing contingent consideration as of June 30, 2023 |
$ |
12,700 |
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