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

Goodwill and intangible assets (Tables)

12 Months Ended

Sep. 30, 2015

Changes in goodwill for the years ended September 30, 2015 and 2014 are as follows (in thousands):

	Health Services			U.S. Federal Services		Human Services			Total
Balance as of September 30, 2013	$	118,897		$	6,199	$	46,771		$	171,867
Adjustment to goodwill acquired with HML		31			—		—			31
Foreign currency translation		(207	)		—		(1,065	)		(1,272	)

Balance as of September 30, 2014		118,721			6,199		45,706			170,626
Goodwill acquired with Acentia		—			214,325		—			214,325
Foreign currency translation		(5,294	)		—		(3,355	)		(8,649	)

Balance as of September 30, 2015	$	113,427		$	220,524	$	42,351		$	376,302

The following table sets forth the components of intangible assets (in thousands):

	As of September 30, 2015						As of September 30, 2014
	Cost		Accumulated Amortization		Intangible Assets, net		Cost		Accumulated Amortization		Intangible Assets, net
Customer contracts and relationships	$	114,736	$	15,100	$	99,636	$	42,403	$	7,821	$	34,582
Trademarks and trade names		4,277		2,866		1,411		4,374		2,102		2,272
Technology-based intangible assets		8,665		7,354		1,311		9,295		6,910		2,385

Total	$	127,678	$	25,320	$	102,358	$	56,072	$	16,833	$	39,239

Estimated future amortization expense is estimated as follows (in thousands):