Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2016
Sep. 30, 2015
Current assets:    
Cash and cash equivalents $ 60,783 $ 74,672
Accounts receivable — billed and billable, net of reserves of $5,080 and $3,385 433,228 396,177
Accounts receivable — unbilled 35,777 30,929
Income taxes receivable 21,124 7,310
Prepaid expenses and other current assets 49,351 52,819
Total current assets 600,263 561,907
Property and equipment, net 137,493 137,830
Capitalized software, net 31,033 32,483
Goodwill 401,152 376,302
Intangible assets, net 117,732 102,358
Deferred contract costs, net 17,782 19,126
Deferred compensation plan assets 21,519 19,310
Deferred income taxes 5,204 11,058
Other assets 10,635 11,184
Total assets 1,342,813 1,271,558
Current liabilities:    
Accounts payable and accrued liabilities 135,704 155,411
Accrued compensation and benefits 74,975 99,700
Deferred revenue 80,429 77,642
Income taxes payable 2,577 11,709
Long-term debt, current portion 329 356
Other liabilities 13,343 11,562
Total current liabilities 307,357 356,380
Deferred revenue, less current portion 47,873 52,954
Deferred income taxes 7,347 6,546
Long-term debt 286,017 210,618
Deferred compensation plan liabilities, less current portion 21,575 20,635
Other liabilities 9,203 8,726
Total liabilities 679,372 655,859
Shareholders' equity:    
Common stock, no par value; 100,000 shares authorized; 64,906 and 65,437 shares issued and outstanding at March 31, 2016 and September 30, 2015, at stated amount, respectively 455,441 446,132
Accumulated other comprehensive income/(loss) (24,984) (22,365)
Retained earnings 228,834 188,611
Total MAXIMUS shareholders’ equity 659,291 612,378
Noncontrolling interests 4,150 3,321
Total equity 663,441 615,699
Total liabilities and equity $ 1,342,813 $ 1,271,558