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

Property and equipment

12 Months Ended

Sep. 30, 2016

Property and equipment, at cost, consists of the following (in thousands):



	As of September 30,
	2016			2015
Land	$	1,738		$	1,738
Building and improvements	11,726			11,716
Office furniture and equipment	261,752			245,577
Leasehold improvements	52,493			39,569
	327,709			298,600
Less: Accumulated depreciation and amortization	(196,140		)	(160,770		)
Total property and equipment, net	$	131,569		$	137,830

Depreciation expense for the years ended September 30, 2016, 2015 and 2014 was $49.2 million, $37.0 million and $32.9 million, respectively.