Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2016
Sep. 30, 2015
Current assets:    
Cash and cash equivalents $ 50,609 $ 74,672
Accounts receivable — billed and billable, net of reserves of $5,173 and $3,385 421,132 396,177
Accounts receivable — unbilled 36,331 30,929
Income taxes receivable 5,072 7,310
Prepaid expenses and other current assets 50,073 52,819
Total current assets 563,217 561,907
Property and equipment, net 136,295 137,830
Capitalized software, net 30,983 32,483
Goodwill 398,929 376,302
Intangible assets, net 112,966 102,358
Deferred contract costs, net 17,068 19,126
Deferred compensation plan assets 22,015 19,310
Deferred income taxes 5,047 11,058
Other assets 11,573 11,184
Total assets 1,298,093 1,271,558
Current liabilities:    
Accounts payable and accrued liabilities 133,162 155,411
Accrued compensation and benefits 78,086 99,700
Deferred revenue 70,302 77,642
Income taxes payable 8,401 11,709
Long-term debt, current portion 326 356
Other liabilities 10,585 11,562
Total current liabilities 300,862 356,380
Deferred revenue, less current portion 43,875 52,954
Deferred income taxes 5,757 6,546
Long-term debt 210,683 210,618
Deferred compensation plan liabilities, less current portion 22,801 20,635
Other liabilities 8,594 8,726
Total liabilities 592,572 655,859
Shareholders' equity:    
Common stock, no par value; 100,000 shares authorized; 64,892 and 65,437 shares issued and outstanding at June 30, 2016 and September 30, 2015, at stated amount, respectively 460,409 446,132
Accumulated other comprehensive income/(loss) (34,349) (22,365)
Retained earnings 275,846 188,611
Total MAXIMUS shareholders’ equity 701,906 612,378
Noncontrolling interests 3,615 3,321
Total equity 705,521 615,699
Total liabilities and equity $ 1,298,093 $ 1,271,558