Maximus, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Leases

Leases

12 Months Ended

Sep. 30, 2013

13. Leases

The Company leases office space and equipment under various operating leases. Lease expense for the years ended September 30, 2013, 2012 and 2011 was $49.0 million, $37.6 million and $32.0 million respectively.

Minimum future payments under leases in effect as of September 30, 2013 are as follows (in thousands):

	Operating lease commitments

	Office space		Equipment		Total
Year ended September 30,
2014	$	50,573	$	1,833	$	52,406
2015		41,736		1,242		42,978
2016		26,525		556		27,081
2017		21,508		335		21,843
2018		11,411		208		11,619
Thereafter		16,031		—		16,031

Total minimum lease payments	$	167,784	$	4,174	$	171,958

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

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