| Schedule of Disaggregation of Revenue |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Table 4.1: Revenue by Service Type |
|
For the Three Months Ended |
|
For the Six Months Ended |
|
March 31, 2026 |
|
March 31, 2025 |
|
March 31, 2026 |
|
March 31, 2025 |
|
(dollars in thousands) |
| Program Operations |
$ |
644,892 |
|
|
49.4 |
% |
|
$ |
690,772 |
|
|
50.7 |
% |
|
$ |
1,321,299 |
|
|
49.8 |
% |
|
$ |
1,418,739 |
|
|
51.3 |
% |
| Clinical Services |
530,808 |
|
|
40.6 |
% |
|
503,963 |
|
|
37.0 |
% |
|
1,054,527 |
|
|
39.8 |
% |
|
975,489 |
|
|
35.3 |
% |
| Employment & Other |
60,008 |
|
|
4.6 |
% |
|
78,989 |
|
|
5.8 |
% |
|
130,173 |
|
|
4.9 |
% |
|
192,607 |
|
|
7.0 |
% |
| Technology Solutions |
70,259 |
|
|
5.4 |
% |
|
88,062 |
|
|
6.5 |
% |
|
145,014 |
|
|
5.5 |
% |
|
177,626 |
|
|
6.4 |
% |
| Total revenue |
$ |
1,305,967 |
|
|
|
|
$ |
1,361,786 |
|
|
|
|
$ |
2,651,013 |
|
|
|
|
$ |
2,764,461 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Table 4.2: Revenue by Contract Type |
|
For the Three Months Ended |
|
For the Six Months Ended |
|
March 31, 2026 |
|
March 31, 2025 |
|
March 31, 2026 |
|
March 31, 2025 |
|
(in thousands) |
| Performance-based |
$ |
733,098 |
|
|
56.1 |
% |
|
$ |
714,406 |
|
|
52.5 |
% |
|
$ |
1,453,759 |
|
|
54.8 |
% |
|
$ |
1,432,177 |
|
|
51.8 |
% |
| Cost-plus |
343,924 |
|
|
26.3 |
% |
|
334,499 |
|
|
24.6 |
% |
|
730,312 |
|
|
27.5 |
% |
|
718,926 |
|
|
26.0 |
% |
| Fixed price |
165,608 |
|
|
12.7 |
% |
|
185,009 |
|
|
13.6 |
% |
|
334,127 |
|
|
12.6 |
% |
|
359,688 |
|
|
13.0 |
% |
| Time and materials |
63,337 |
|
|
4.8 |
% |
|
127,872 |
|
|
9.4 |
% |
|
132,815 |
|
|
5.0 |
% |
|
253,670 |
|
|
9.2 |
% |
| Total revenue |
$ |
1,305,967 |
|
|
|
|
$ |
1,361,786 |
|
|
|
|
$ |
2,651,013 |
|
|
|
|
$ |
2,764,461 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Table 4.3: Revenue by Customer Type |
|
For the Three Months Ended |
|
For the Six Months Ended |
|
March 31, 2026 |
|
March 31, 2025 |
|
March 31, 2026 |
|
March 31, 2025 |
|
(dollars in thousands) |
| New York state government agencies |
$ |
147,360 |
|
|
11.3 |
% |
|
$ |
155,949 |
|
|
11.5 |
% |
|
$ |
297,481 |
|
|
11.2 |
% |
|
$ |
317,644 |
|
|
11.5 |
% |
| Other U.S. state government agencies |
272,787 |
|
|
20.9 |
% |
|
287,184 |
|
|
21.1 |
% |
|
541,259 |
|
|
20.4 |
% |
|
578,251 |
|
|
20.9 |
% |
| Total U.S. state government agencies |
420,147 |
|
|
|
|
443,133 |
|
|
|
|
838,740 |
|
|
|
|
895,895 |
|
|
|
| U.S. federal government agencies |
734,888 |
|
|
56.3 |
% |
|
759,583 |
|
|
55.8 |
% |
|
1,502,691 |
|
|
56.7 |
% |
|
1,524,020 |
|
|
55.1 |
% |
| International government agencies |
134,847 |
|
|
10.3 |
% |
|
138,724 |
|
|
10.2 |
% |
|
275,859 |
|
|
10.4 |
% |
|
305,590 |
|
|
11.1 |
% |
| Other, including local municipalities and commercial customers |
16,085 |
|
|
1.2 |
% |
|
20,346 |
|
|
1.5 |
% |
|
33,723 |
|
|
1.3 |
% |
|
38,956 |
|
|
1.4 |
% |
| Total revenue |
$ |
1,305,967 |
|
|
|
|
$ |
1,361,786 |
|
|
|
|
$ |
2,651,013 |
|
|
|
|
$ |
2,764,461 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Table 4.4: Effect of Changes in Contract Estimates |
|
For the Three Months Ended |
|
For the Six Months Ended |
|
March 31, 2026 |
|
March 31, 2025 |
|
March 31, 2026 |
|
March 31, 2025 |
|
(in thousands, except per share data) |
| Increase in revenue recognized due to changes in contract estimates |
$ |
519 |
|
|
$ |
3,804 |
|
|
$ |
6,919 |
|
|
$ |
10,573 |
|
| Increase in diluted earnings per share recognized due to changes in contract estimates |
$ |
0.01 |
|
|
$ |
0.05 |
|
|
$ |
0.09 |
|
|
$ |
0.13 |
|
|