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

Annual report pursuant to Section 13 and 15(d)

Business combinations and disposals (Tables)

Business combinations and disposals (Tables)

12 Months Ended

Sep. 30, 2017

Ascend Management Innovations LLC

Business Acquisition [Line Items]

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 assets and liabilities acquired is shown below.



(Amounts in thousands)		Updated through September 30, 2016			Adjustments			Updated through September 30, 2017
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

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

Business Acquisition [Line Items]

Schedule of assets and liabilities recorded in the Company's financial statements at their fair values at the acquisition date



		Purchase price
(Amounts in thousands)		allocation
Cash consideration, net of cash acquired		$	293,504

Accounts receivable and unbilled receivables		35,333
Other current assets		3,091
Property and equipment		2,140
Intangible assets—customer relationships		69,900
Total identifiable assets acquired		110,464
Accounts payable and other liabilities		31,350
Deferred revenue		251
Capital lease obligations		567
Deferred tax liabilities		6,741
Total liabilities assumed		38,909
Net identifiable assets acquired		71,555
Goodwill		221,949
Net assets acquired		$	293,504