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

Goodwill and intangible assets (Tables)

12 Months Ended

Sep. 30, 2014

Changes in goodwill for the years ended September 30, 2014 and 2013 are as follows (in thousands):

	Health Services			Human Services			Total
Balance as of September 30, 2012	$	63,517		$	48,515		$	112,032
Goodwill acquired with HML		58,316			—			58,316
Adjustment to goodwill acquired with PSI		65			64			129
Foreign currency translation		3,198			(1,808	)		1,390

Balance as of September 30, 2013		125,096			46,771			171,867
Adjustment to goodwill acquired with HML		31			—			31
Foreign currency translation		(207	)		(1,065	)		(1,272	)

Balance as of September 30, 2014	$	124,920		$	45,706		$	170,626

The following table sets forth the components of intangible assets (in thousands):

	As of September 30, 2014						As of September 30, 2013
	Cost		Accumulated Amortization		Intangible Assets, net		Cost		Accumulated Amortization		Intangible Assets, net
Customer contracts and relationships	$	42,403	$	7,821	$	34,582	$	39,243	$	3,953	$	35,290
Technology-based intangible assets		9,295		6,910		2,385		9,583		5,974		3,609
Trademarks and trade names		4,374		2,102		2,272		4,421		1,303		3,118
Non-compete arrangements		—		—		—		243		221		22

Total	$	56,072	$	16,833	$	39,239	$	53,490	$	11,451	$	42,039

Estimated future amortization expense is estimated as follows (in thousands):