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

Annual report pursuant to Section 13 and 15(d)

Property and equipment

Property and equipment

12 Months Ended

Sep. 30, 2015

Property and equipment

Property and equipment

8. Property and equipment

Property and equipment, at cost, consists of the following (in thousands):

	As of September 30,
	2015			2014
Land	$	1,738		$	1,738
Building and improvements		11,716			11,707
Office furniture and equipment		245,577			177,939
Leasehold improvements		39,569			23,124

		298,600			214,508
Less: Accumulated depreciation and amortization		(160,770	)		(134,262	)

Total property and equipment, net	$	137,830		$	80,246

Fixed asset depreciation expense for the years ended September 30, 2015, 2014 and 2013 was $37.0 million, $32.9 million and $26.3 million, respectively. In fiscal year 2015, the net assets and expense relating to assets held under capital leases were $0.4 million and $0.2 million, respectively.