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)

3 Months Ended

Dec. 31, 2016

Business Combinations [Abstract]

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 Ascend acquisition, updated through December 31, 2016, is shown below.



(dollars in thousands)		Updated through September 30, 2016				Adjustments				Updated through December 31, 2016
Cash consideration, net of cash acquired		$	44,069			$	—			$	44,069

Billed and unbilled receivables		$	4,069			$	—			$	4,069
Other assets		407				—				407
Property and equipment and other assets		707				—				707
Deferred income taxes		—				557				557
Intangible assets		22,300				—				22,300
Total identifiable assets acquired		27,483				557				28,040
Accounts payable and other liabilities		1,414				—				1,414
Deferred revenue		554				—				554
Total liabilities assumed		1,968				—				1,968
Net identifiable assets acquired		25,515				557				26,072
Goodwill		18,554				(557		)		17,997
Net assets acquired		$	44,069			$	—			$	44,069

Schedule 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
Trade name		8 years		1,700
Technology-based intangible assets		1 year		200
Total intangible assets				$	22,300