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

Business Combinations (Tables)

3 Months Ended

Dec. 31, 2021


Table 6.1: VES Valuation
	Allocation of Assets and Liabilities as of September 30, 2021		Adjustments		Estimated Allocation of Assets and Liabilities as of December 31, 2021
	(in thousands)
Consideration paid:
Cash consideration paid, net of cash acquired	$	1,360,231	$	—	$	1,360,231
Estimated additional cash payments	4,635		—		4,635
Estimated cash consideration, net of cash acquired	1,364,866		—		1,364,866
Assets acquired:
Accounts receivable - billed, billable and unbilled	$	44,078	$	—	$	44,078
Prepaid expenses and other current assets	7,955		—		7,955
Property and equipment, net	9,113		(1,092)		8,021
Operating lease right-of-use assets	18,898		—		18,898
Intangible assets	664,000		—		664,000
Other assets	7,166		—		7,166
Total identifiable assets acquired	751,210		(1,092)		750,118
Liabilities assumed:
Accounts payable and accrued compensation	42,182		—		42,182
Operating lease liabilities	18,898		—		18,898
Income taxes payable, current	5,673		—		5,673
Deferred income taxes	171,497		—		171,497
Other long-term liabilities	12,270		—		12,270
Total identifiable liabilities assumed	250,520		—		250,520
Net identifiable assets acquired	500,690		(1,092)		499,598
Goodwill	864,176		1,092		865,268
Net assets acquired	$	1,364,866	$	—	$	1,364,866


Table 6.2: VES Intangible Asset Values and Useful Lives
	Estimated Straight-Line Useful Life	Estimated Fair Value
		(in thousands)
Customer contracts and relationships	12 years	$	580,000
Provider network	12 years	57,000
Technology-based intangible assets	12 years	27,000
Total intangible assets		$	664,000