Maximus, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Business combinations and disposal (Tables)

Business combinations and disposal (Tables)

9 Months Ended

Jun. 30, 2016

Schedule of valuation of the intangible assets acquired

The valuation of the intangible assets acquired is summarized below:



(Amounts in thousands)	Useful life	Fair value
Customer relationships	19 years	$	20,400
Trade name	1 year	1,700
Technology-based intangible assets	8 years	200
Total intangible assets		$	22,300

Ascend Management Innovations LLC

Business Acquisition [Line Items]

Schedule of assets and liabilities recorded in the Company's financial statements at their fair values at the acquisition date

Our updated allocation of fair value for the Ascend acquisition, updated through June 30, 2016, is shown below.



(Amounts in thousands)	Purchase price allocation
Cash consideration, net of cash acquired	$	44,010

Billed and unbilled receivables	$	4,069
Other assets	407
Property and equipment and other assets	707
Intangible assets	22,300
Total identifiable assets acquired	27,483
Accounts payable and other liabilities	1,414
Deferred revenue	554
Total liabilities assumed	1,968
Net identifiable assets acquired	25,515
Goodwill	18,495
Net assets acquired	$	44,010

Acentia LLC

Business Acquisition [Line Items]

Schedule of assets and liabilities recorded in the Company's financial statements at their fair values at the acquisition date

We have completed the process of allocating the acquisition price to the fair value of the assets and liabilities of Acentia at the acquisition date. During fiscal year 2016, we completed our identification of tax assets and liabilities as of the acquisition date.



(dollars in thousands)	Updated through September 30, 2015		Adjustments			Updated through June 30, 2016
Estimated purchase consideration, net of cash acquired	$	293,504	$	—		$	293,504
Billed and unbilled receivables	$	35,333	$	—		$	35,333
Other assets	5,050		(1,959		)	3,091
Property and equipment	2,140		—			2,140
Intangible assets — customer relationships	69,900		—			69,900
Total identifiable assets acquired	112,423		(1,959		)	110,464
Accounts payable and other liabilities	32,426		(1,076		)	31,350
Deferred revenue	251		—			251
Capital lease obligations	567		—			567
Deferred tax liabilities	—		6,741			6,741
Total liabilities assumed	33,244		5,665			38,909
Net identifiable assets acquired	79,179		(7,624		)	71,555
Goodwill	214,325		7,624			221,949
Net assets acquired	$	293,504	$	—		$	293,504