| Schedule of Disaggregation of Revenue |
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| Table 4.1: Revenue by Service Type |
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For the Three Months Ended |
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December 31, 2025 |
|
December 31, 2024 |
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|
(dollars in thousands) |
| Program Operations |
$ |
676,407 |
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|
50.3 |
% |
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$ |
727,967 |
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|
51.9 |
% |
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| Clinical Services |
523,719 |
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|
38.9 |
% |
|
471,526 |
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33.6 |
% |
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| Employment & Other |
70,165 |
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5.2 |
% |
|
113,618 |
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8.1 |
% |
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| Technology Solutions |
74,755 |
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|
5.6 |
% |
|
89,564 |
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6.4 |
% |
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| Total revenue |
$ |
1,345,046 |
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$ |
1,402,675 |
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| Table 4.2: Revenue by Contract Type |
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For the Three Months Ended |
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December 31, 2025 |
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December 31, 2024 |
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(in thousands) |
| Performance-based |
$ |
720,661 |
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|
53.6 |
% |
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$ |
717,771 |
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51.2 |
% |
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| Cost-plus |
386,388 |
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|
28.7 |
% |
|
384,427 |
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27.4 |
% |
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| Fixed price |
168,519 |
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12.5 |
% |
|
174,679 |
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12.5 |
% |
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| Time and materials |
69,478 |
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5.2 |
% |
|
125,798 |
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9.0 |
% |
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| Total revenue |
$ |
1,345,046 |
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$ |
1,402,675 |
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| Table 4.3: Revenue by Customer Type |
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For the Three Months Ended |
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|
December 31, 2025 |
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December 31, 2024 |
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(dollars in thousands) |
| New York state government agencies |
$ |
150,121 |
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|
11.2 |
% |
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$ |
161,695 |
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11.5 |
% |
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| Other U.S. state government agencies |
268,472 |
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20.0 |
% |
|
291,067 |
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20.8 |
% |
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| Total U.S. state government agencies |
418,593 |
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452,762 |
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| U.S. federal government agencies |
767,803 |
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|
57.1 |
% |
|
764,437 |
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54.5 |
% |
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| International government agencies |
141,012 |
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|
10.5 |
% |
|
166,866 |
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|
11.9 |
% |
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| Other, including local municipalities and commercial customers |
17,638 |
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|
1.3 |
% |
|
18,610 |
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1.3 |
% |
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| Total revenue |
$ |
1,345,046 |
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$ |
1,402,675 |
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| Table 4.4: Effect of Changes in Contract Estimates |
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For the Three Months Ended |
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|
December 31, 2025 |
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December 31, 2024 |
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|
(in thousands, except per share data) |
| Increase in revenue recognized due to changes in contract estimates |
$ |
6,402 |
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$ |
6,800 |
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| Increase in diluted earnings per share recognized due to changes in contract estimates |
$ |
0.09 |
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$ |
0.08 |
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