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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
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Mar. 31, 2015
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Mar. 31, 2014
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Mar. 31, 2015
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Mar. 31, 2014
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| CONSOLIDATED STATEMENTS OF OPERATIONS | ||||
| Revenue | $ 481,794us-gaap_Revenues | $ 439,015us-gaap_Revenues | $ 948,837us-gaap_Revenues | $ 845,607us-gaap_Revenues |
| Cost of revenue | 357,449us-gaap_CostOfRevenue | 318,343us-gaap_CostOfRevenue | 705,225us-gaap_CostOfRevenue | 619,019us-gaap_CostOfRevenue |
| Gross profit | 124,345us-gaap_GrossProfit | 120,672us-gaap_GrossProfit | 243,612us-gaap_GrossProfit | 226,588us-gaap_GrossProfit |
| Selling, general and administrative expenses | 59,392us-gaap_SellingGeneralAndAdministrativeExpense | 53,624us-gaap_SellingGeneralAndAdministrativeExpense | 111,353us-gaap_SellingGeneralAndAdministrativeExpense | 104,889us-gaap_SellingGeneralAndAdministrativeExpense |
| Amortization of intangible assets | 1,432us-gaap_AmortizationOfIntangibleAssets | 1,468us-gaap_AmortizationOfIntangibleAssets | 2,907us-gaap_AmortizationOfIntangibleAssets | 2,823us-gaap_AmortizationOfIntangibleAssets |
| Acquisition-related expenses | 1,514us-gaap_BusinessCombinationAcquisitionRelatedCosts | 2,114us-gaap_BusinessCombinationAcquisitionRelatedCosts | ||
| Legal and settlement expense | 600mms_LegalAndSettlementExpense | 600mms_LegalAndSettlementExpense | ||
| Operating income | 62,007us-gaap_OperatingIncomeLoss | 64,980us-gaap_OperatingIncomeLoss | 127,238us-gaap_OperatingIncomeLoss | 118,276us-gaap_OperatingIncomeLoss |
| Interest and other income, net | 219us-gaap_InterestAndOtherIncome | 476us-gaap_InterestAndOtherIncome | 1,120us-gaap_InterestAndOtherIncome | 808us-gaap_InterestAndOtherIncome |
| Income before income taxes | 62,226us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments | 65,456us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments | 128,358us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments | 119,084us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments |
| Provision for income taxes | 23,198us-gaap_IncomeTaxExpenseBenefit | 23,995us-gaap_IncomeTaxExpenseBenefit | 46,980us-gaap_IncomeTaxExpenseBenefit | 44,268us-gaap_IncomeTaxExpenseBenefit |
| Net Income | 39,028us-gaap_ProfitLoss | 41,461us-gaap_ProfitLoss | 81,378us-gaap_ProfitLoss | 74,816us-gaap_ProfitLoss |
| (Income)/loss attributable to noncontrolling interests | (220)us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest | (254)us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest | (709)us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest | 250us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest |
| Net income attributable to MAXIMUS | $ 38,808us-gaap_NetIncomeLoss | $ 41,207us-gaap_NetIncomeLoss | $ 80,669us-gaap_NetIncomeLoss | $ 75,066us-gaap_NetIncomeLoss |
| Basic earnings per share attributable to MAXIMUS (in dollars per share) | $ 0.59us-gaap_EarningsPerShareBasic | $ 0.61us-gaap_EarningsPerShareBasic | $ 1.22us-gaap_EarningsPerShareBasic | $ 1.10us-gaap_EarningsPerShareBasic |
| Diluted earnings per share attributable to MAXIMUS (in dollars per share) | $ 0.58us-gaap_EarningsPerShareDiluted | $ 0.59us-gaap_EarningsPerShareDiluted | $ 1.20us-gaap_EarningsPerShareDiluted | $ 1.08us-gaap_EarningsPerShareDiluted |
| Dividends per share (in dollars per share) | $ 0.045us-gaap_CommonStockDividendsPerShareCashPaid | $ 0.045us-gaap_CommonStockDividendsPerShareCashPaid | $ 0.09us-gaap_CommonStockDividendsPerShareCashPaid | $ 0.09us-gaap_CommonStockDividendsPerShareCashPaid |
| Weighted average shares outstanding: | ||||
| Basic (in shares) | 65,862us-gaap_WeightedAverageNumberOfSharesOutstandingBasic | 67,884us-gaap_WeightedAverageNumberOfSharesOutstandingBasic | 65,899us-gaap_WeightedAverageNumberOfSharesOutstandingBasic | 68,143us-gaap_WeightedAverageNumberOfSharesOutstandingBasic |
| Diluted (in shares) | 66,987us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding | 69,307us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding | 66,947us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding | 69,538us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding |
| X | ||||||||||
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- Definition
Costs, net of reimbursed insurance claims, related to significant legal settlements and non-routine legal matters, including future probable legal costs estimated to be incurred in connection with those matters. No definition available.
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| X | ||||||||||
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- Definition
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
This element represents acquisition-related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs of registering and issuing debt and equity securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate dividends paid during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The amount of interest income and other income recognized during the period. Included in this element is interest derived from investments in debt securities, cash and cash equivalents, and other investments which reflect the time value of money or transactions in which the payments are for the use or forbearance of money and other income from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business). No definition available.
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| X | ||||||||||
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of Net Income (Loss) attributable to redeemable noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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| X | ||||||||||
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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