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

Business Combinations (Tables)

12 Months Ended

Sep. 30, 2022


Table 6.1: VES Valuation
	Allocation of Assets and Liabilities as of September 30, 2021		Adjustments		Allocation of Assets and Liabilities
	(in thousands)
Consideration paid:


Cash consideration, net of cash acquired	$	1,364,866	$	5,765	$	1,370,631
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		1,804		43,986
Operating lease liabilities	18,898		—		18,898
Income taxes payable, current	5,673		—		5,673
Deferred income taxes	171,497		(474)		171,023
Other long-term liabilities	12,270		—		12,270
Total identifiable liabilities assumed	250,520		1,330		251,850
Net identifiable assets acquired	500,690		(2,422)		498,268
Goodwill	864,176		8,187		872,363
Net assets acquired	$	1,364,866	$	5,765	$	1,370,631


Table 6.3: Attain Valuation
	Allocation of Assets and Liabilities
	(in thousands)
Consideration paid:
Cash consideration paid, net of cash acquired	$	419,097
Assets acquired:
Accounts receivable - billed, billable and unbilled	39,375
Prepaid expenses and other current assets	926
Operating lease right-of-use assets	24,960
Intangible assets	105,000
Other assets	74
Total identifiable assets acquired	170,335
Liabilities assumed:
Accounts payable and other liabilities	28,863
Operating lease liabilities, less current portion	26,401
Total identifiable liabilities assumed	55,264
Net identifiable assets acquired	115,071
Goodwill	304,026
Net assets acquired	$	419,097


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