| Schedule of selected quarterly income statement data |
Earnings per share amounts are computed independently each quarter. As a result, the sum of each quarter's earnings per share amount may not equal the total earnings per share amount for the respective year.
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Quarter Ended |
|
Dec. 31,
2017 |
|
March 31,
2018 |
|
June 30,
2018 |
|
Sept. 30,
2018 |
|
(In thousands, except per share data) |
Health Services |
$ |
352,090 |
|
|
$ |
365,633 |
|
|
$ |
359,050 |
|
|
$ |
328,186 |
|
U.S. Federal Services |
132,983 |
|
|
116,327 |
|
|
112,226 |
|
|
117,375 |
|
Human Services |
138,075 |
|
|
130,827 |
|
|
126,579 |
|
|
112,885 |
|
Revenue |
$ |
623,148 |
|
|
$ |
612,787 |
|
|
$ |
597,855 |
|
|
$ |
558,446 |
|
|
|
|
|
|
|
|
|
Health Services |
$ |
91,056 |
|
|
$ |
98,207 |
|
|
$ |
97,254 |
|
|
$ |
86,111 |
|
U.S. Federal Services |
33,358 |
|
|
27,374 |
|
|
32,276 |
|
|
33,690 |
|
Human Services |
27,546 |
|
|
23,222 |
|
|
25,154 |
|
|
19,137 |
|
Gross profit |
$ |
151,960 |
|
|
$ |
148,803 |
|
|
$ |
154,684 |
|
|
$ |
138,938 |
|
|
|
|
|
|
|
|
|
Health Services |
$ |
57,640 |
|
|
$ |
63,017 |
|
|
$ |
63,782 |
|
|
$ |
51,939 |
|
U.S. Federal Services |
16,710 |
|
|
9,834 |
|
|
14,877 |
|
|
15,965 |
|
Human Services |
8,051 |
|
|
3,393 |
|
|
7,469 |
|
|
(689 |
) |
Amortization of intangible assets |
(2,718 |
) |
|
(2,603 |
) |
|
(2,525 |
) |
|
(2,462 |
) |
Restructuring costs |
— |
|
|
(2,320 |
) |
|
— |
|
|
(1,033 |
) |
Acquisition-related expenses |
— |
|
|
— |
|
|
— |
|
|
(947 |
) |
Other/Corporate |
— |
|
|
— |
|
|
(1,032 |
) |
|
(865 |
) |
Operating Income |
$ |
79,683 |
|
|
$ |
71,321 |
|
|
$ |
82,571 |
|
|
$ |
61,908 |
|
|
|
|
|
|
|
|
|
Net income |
59,952 |
|
|
55,106 |
|
|
60,242 |
|
|
45,516 |
|
Net income attributable to MAXIMUS |
59,091 |
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|
55,492 |
|
|
59,861 |
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|
46,307 |
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|
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|
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|
Basic earnings per share attributable to MAXIMUS |
$ |
0.90 |
|
|
$ |
0.84 |
|
|
$ |
0.91 |
|
|
$ |
0.71 |
|
Diluted earnings per share attributable to MAXIMUS |
$ |
0.89 |
|
|
$ |
0.84 |
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|
$ |
0.91 |
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|
$ |
0.71 |
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|
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|
|
|
Quarter Ended |
|
Dec. 31,
2016 |
|
March 31,
2017 |
|
June 30,
2017 |
|
Sept. 30,
2017 |
|
(In thousands, except per share data) |
Health Services |
$ |
340,729 |
|
|
$ |
348,994 |
|
|
$ |
335,090 |
|
|
$ |
355,338 |
|
U.S. Federal Services |
141,298 |
|
|
145,370 |
|
|
131,589 |
|
|
127,316 |
|
Human Services |
125,537 |
|
|
127,683 |
|
|
133,768 |
|
|
138,249 |
|
Revenue |
$ |
607,564 |
|
|
$ |
622,047 |
|
|
$ |
600,447 |
|
|
$ |
620,903 |
|
|
|
|
|
|
|
|
|
Health Services |
$ |
78,234 |
|
|
$ |
86,454 |
|
|
$ |
83,269 |
|
|
$ |
99,368 |
|
U.S. Federal Services |
37,576 |
|
|
36,571 |
|
|
33,627 |
|
|
31,547 |
|
Human Services |
29,008 |
|
|
29,292 |
|
|
35,293 |
|
|
31,666 |
|
Gross profit |
$ |
144,818 |
|
|
$ |
152,317 |
|
|
$ |
152,189 |
|
|
$ |
162,581 |
|
|
|
|
|
|
|
|
|
Health Services |
$ |
50,127 |
|
|
$ |
56,540 |
|
|
$ |
51,553 |
|
|
$ |
57,024 |
|
U.S. Federal Services |
17,881 |
|
|
17,644 |
|
|
15,870 |
|
|
13,581 |
|
Human Services |
11,769 |
|
|
9,629 |
|
|
16,368 |
|
|
10,818 |
|
Amortization of intangible assets |
(3,402 |
) |
|
(3,386 |
) |
|
(2,720 |
) |
|
(2,700 |
) |
Restructuring costs |
(2,242 |
) |
|
— |
|
|
— |
|
|
— |
|
Acquisition-related expenses |
— |
|
|
— |
|
|
— |
|
|
(83 |
) |
Gain on sale of a business |
— |
|
|
— |
|
|
650 |
|
|
— |
|
Other/Corporate |
(357 |
) |
|
(92 |
) |
|
90 |
|
|
(1,050 |
) |
Operating Income |
$ |
73,776 |
|
|
$ |
80,335 |
|
|
$ |
81,811 |
|
|
$ |
77,590 |
|
|
|
|
|
|
|
|
|
Net income |
46,329 |
|
|
53,097 |
|
|
57,788 |
|
|
54,968 |
|
Net income attributable to MAXIMUS |
46,664 |
|
|
52,515 |
|
|
56,918 |
|
|
53,329 |
|
|
|
|
|
|
|
|
|
Basic earnings per share attributable to MAXIMUS |
$ |
0.71 |
|
|
$ |
0.80 |
|
|
$ |
0.87 |
|
|
$ |
0.81 |
|
Diluted earnings per share attributable to MAXIMUS |
$ |
0.71 |
|
|
$ |
0.80 |
|
|
$ |
0.86 |
|
|
$ |
0.81 |
|
|