Maximus, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Business Combinations (Tables)

Business Combinations (Tables) (HML)

6 Months Ended

Mar. 31, 2014

HML

Schedule of assets and liabilities recorded in the Company's financial statements at their fair values at the acquisition date

The assets and liabilities of HML were recorded in the Company’s financial statements at their fair values at the acquisition date as follows (in thousands):

	Purchase Price Allocation
	Updated through September 30, 2013		Adjustments			Updated through March 31, 2014
Cash consideration, net of cash acquired	$	71,435	$	—		$	71,435
Stock consideration	6,425		—			6,425
Purchase consideration, net of cash acquired	$	77,860	$	—		$	77,860

Accounts receivable and unbilled receivables	$	7,671	$	—		$	7,671
Other current assets	1,382		—			1,382
Property and equipment	2,752		—			2,752
Intangible assets	20,542		—			20,542
Total identifiable assets acquired	32,347		—			32,347
Accounts payable and other liabilities	6,228		—			6,228
Deferred revenue	1,149		—			1,149
Current income tax liability	612		144			756
Deferred tax liability	4,814		(113		)	4,701
Total liabilities assumed	12,803		31			12,834
Net identifiable assets acquired	19,544		(31		)	19,513
Goodwill	58,316		31			58,347
Net assets acquired	$	77,860	$	—		$	77,860

Summary of valuation of the intangible assets acquired

The valuation of the intangible assets acquired is summarized below (in thousands).

	Useful life	Fair value
Customer relationships	20 years	$	19,933
Technology-based intangible assets	2 years	609
Total intangible assets		$	20,542