| Schedule of selected quarterly income statement data |
Earnings per share amounts are computed each quarter independently. As a result, the sum of the quarters' earnings per share amount may not equal the total earnings per share amount for the respective year. The results shown below are consistent with those reported in our quarterly financial reports, but we have included some additional detail from that previously presented.
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Quarter Ended |
| (dollar in thousands, except per share data) |
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Dec. 31, 2019 |
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March 31, 2020 |
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June 30, 2020 |
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Sept. 30, 2020 |
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|
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| U.S. Services |
|
$ |
312,281 |
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$ |
308,698 |
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$ |
336,950 |
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$ |
371,345 |
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| U.S. Federal Services |
|
366,571 |
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|
393,391 |
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|
450,143 |
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|
423,232 |
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| Outside the U.S. |
|
139,377 |
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|
116,046 |
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|
114,244 |
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|
129,259 |
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| Revenue |
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$ |
818,229 |
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$ |
818,135 |
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$ |
901,337 |
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$ |
923,836 |
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| U.S. Services |
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$ |
89,590 |
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$ |
85,454 |
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$ |
93,029 |
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$ |
92,199 |
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| U.S. Federal Services |
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70,821 |
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|
76,958 |
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84,723 |
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|
86,423 |
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| Outside the U.S. |
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15,039 |
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(9,314) |
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7,851 |
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18,229 |
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| Gross profit |
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$ |
175,450 |
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$ |
153,098 |
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$ |
185,603 |
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$ |
196,851 |
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| U.S. Services |
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$ |
58,192 |
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$ |
46,215 |
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$ |
61,033 |
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$ |
62,343 |
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| U.S. Federal Services |
|
31,582 |
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|
30,232 |
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|
39,233 |
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31,855 |
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| Outside the U.S. |
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(1,014) |
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(26,718) |
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(5,817) |
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(584) |
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| Amortization of intangible assets |
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(9,088) |
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(8,934) |
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(8,712) |
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(8,900) |
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| Acquisition-related expenses |
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(635) |
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(3,377) |
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(150) |
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(459) |
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| Gain on sale of a business |
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— |
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— |
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1,706 |
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12 |
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| Other |
|
98 |
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(107) |
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16 |
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|
256 |
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| Operating income |
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$ |
79,135 |
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$ |
37,311 |
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$ |
87,309 |
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$ |
84,523 |
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| Net income |
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$ |
58,734 |
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$ |
27,650 |
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$ |
64,464 |
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$ |
63,661 |
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| Net income attributable to Maximus |
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$ |
58,734 |
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$ |
27,650 |
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$ |
64,464 |
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$ |
63,661 |
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| Basic earnings per share |
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$ |
0.91 |
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$ |
0.43 |
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$ |
1.04 |
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$ |
1.03 |
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| Diluted earnings per share |
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$ |
0.91 |
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$ |
0.43 |
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$ |
1.04 |
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$ |
1.02 |
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Quarter Ended |
| (dollars in thousands, except per share data) |
|
Dec. 31, 2018 |
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March 31, 2019 |
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June 30, 2019 |
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Sept. 30, 2019 |
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| U.S. Services |
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$ |
294,213 |
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$ |
290,737 |
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$ |
291,132 |
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$ |
300,406 |
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| U.S. Federal Services |
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216,987 |
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289,736 |
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292,295 |
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312,179 |
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| Outside the U.S. |
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153,419 |
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156,047 |
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147,283 |
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142,381 |
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| Revenue |
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$ |
664,619 |
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$ |
736,520 |
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$ |
730,710 |
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$ |
754,966 |
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| U.S. Services |
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$ |
88,031 |
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$ |
86,260 |
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$ |
86,664 |
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$ |
83,154 |
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| U.S. Federal Services |
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47,985 |
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60,696 |
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66,803 |
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66,586 |
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| Outside the U.S. |
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23,249 |
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22,466 |
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20,780 |
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|
18,510 |
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| Gross profit |
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$ |
159,265 |
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$ |
169,422 |
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$ |
174,247 |
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$ |
168,250 |
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| U.S. Services |
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$ |
55,892 |
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$ |
56,860 |
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$ |
54,250 |
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$ |
53,832 |
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| U.S. Federal Services |
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21,353 |
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29,592 |
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33,907 |
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31,090 |
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| Outside the U.S. |
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4,441 |
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4,474 |
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4,989 |
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2,157 |
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| Amortization of intangible assets |
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(5,458) |
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(9,519) |
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(9,049) |
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(9,028) |
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| Acquisition-related expenses |
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(2,691) |
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— |
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— |
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— |
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| Other |
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599 |
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|
394 |
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(503) |
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(475) |
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| Operating income |
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$ |
74,136 |
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$ |
81,801 |
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$ |
83,594 |
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$ |
77,576 |
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| Net income |
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$ |
55,723 |
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$ |
61,766 |
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$ |
62,965 |
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$ |
60,041 |
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| Net income attributable to Maximus |
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$ |
55,913 |
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$ |
61,924 |
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$ |
62,898 |
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$ |
60,089 |
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| Basic earnings per share attributable to Maximus |
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$ |
0.86 |
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$ |
0.96 |
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$ |
0.98 |
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$ |
0.93 |
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| Diluted earnings per share attributable to Maximus |
|
$ |
0.86 |
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$ |
0.96 |
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$ |
0.97 |
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$ |
0.93 |
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