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

Annual report pursuant to Section 13 and 15(d)

Business combinations and disposals (Tables)

Business combinations and disposals (Tables)

12 Months Ended

Sep. 30, 2016

Ascend Management Innovations LLC

Business combinations

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

Our allocation of fair value for the assets and liabilities acquired is shown below.



(Amounts in thousands)		Purchase price allocation
Cash consideration, net of cash acquired		$	44,069

Billed and unbilled receivables		$	4,069
Other assets		407
Property and equipment and other assets		707
Intangible assets		22,300
Total identifiable assets acquired		27,483
Accounts payable and other liabilities		1,414
Deferred revenue		554
Total liabilities assumed		1,968
Net identifiable assets acquired		25,515
Goodwill		18,554
Net assets acquired		$	44,069

Summary of valuation of the intangible assets acquired

The valuation of the intangible assets acquired is summarized below:



(Dollars in thousands)		Useful life		Fair value
Customer relationships		19 years		$	20,400
Technology-based intangible assets		8 years		1,700
Trade name		1 year		200
Total intangible assets				$	22,300

Business combinations

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



	As of								Updated through
	September 30, 2015				Adjustments				September 30, 2016
Cash consideration, net of cash acquired	$	293,504			$	—			$	293,504

Accounts receivable and unbilled receivables	35,333				—				35,333
Other current assets	5,050				(1,959		)		3,091
Property and equipment	2,140				—				2,140
Intangible assets—customer relationships	69,900				—				69,900
Total identifiable assets acquired	112,423				(1,959		)		110,464
Accounts payable and other liabilities	32,426				(1,076		)		31,350
Deferred revenue	251				—				251
Capital lease obligations	567				—				567
Deferred tax liabilities	—				6,741				6,741
Total liabilities assumed	33,244				5,665				38,909
Net identifiable assets acquired	79,179				(7,624		)		71,555
Goodwill	214,325				7,624				221,949
Net assets acquired	$	293,504			$	—			$	293,504