Quarterly report pursuant to Section 13 or 15(d)

Revenue Recognition (Tables)

v3.22.1
Revenue Recognition (Tables)
 6 Months Ended
Mar. 31, 2022
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
Table 4.1: Revenue by Contract Type
For the Three Months Ended For the Six Months Ended
March 31, 2022 March 31, 2021 March 31, 2022 March 31, 2021
Amount % Amount % Amount % Amount %
(dollars in thousands)
Performance-based $ 516,210  43.9 % $ 349,749  36.4 % $ 1,007,166  43.3 % $ 643,709  33.8 %
Cost-plus 322,823  27.4 % 286,082  29.8 % 662,904  28.5 % 670,565  35.2 %
Fixed price 158,867  13.5 % 146,344  15.3 % 310,372  13.3 % 267,121  14.0 %
Time and materials 179,426  15.2 % 177,105  18.5 % 347,760  14.9 % 323,439  17.0 %
Total revenue $ 1,177,326  $ 959,280  $ 2,328,202  $ 1,904,834 
Table 4.2: Revenue by Customer Type
For the Three Months Ended For the Six Months Ended
March 31, 2022 March 31, 2021 March 31, 2022 March 31, 2021
Amount % Amount % Amount % Amount %
(dollars in thousands)
U.S. state government agencies $ 411,287  35.0 % $ 445,697  46.5 % $ 782,834  33.7 % $ 833,811  43.8 %
U.S. federal government agencies 553,707  47.0 % 307,870  32.1 % 1,117,801  48.0 % 693,442  36.4 %
International government agencies 194,800  16.5 % 171,700  17.9 % 366,175  15.7 % 319,042  16.7 %
Other, including local municipalities and commercial customers 17,532  1.5 % 34,013  3.5 % 61,392  2.6 % 58,539  3.1 %
Total revenue $ 1,177,326  $ 959,280  $ 2,328,202  $ 1,904,834 
Table 4.3: Revenue by Geography
For the Three Months Ended For the Six Months Ended
March 31, 2022 March 31, 2021 March 31, 2022 March 31, 2021
Amount % Amount % Amount % Amount %
(dollars in thousands)
United States $ 971,365  82.5 % $ 778,350  81.1 % $ 1,939,653  83.3 % $ 1,568,529  82.3 %
United Kingdom 107,898  9.1 % 72,882  7.6 % 193,705  8.3 % 137,668  7.2 %
Australia 46,670  4.0 % 70,947  7.4 % 99,484  4.3 % 126,878  6.7 %
Rest of world 51,393  4.4 % 37,101  3.9 % 95,360  4.1 % 71,759  3.8 %
Total revenue $ 1,177,326  $ 959,280  $ 2,328,202  $ 1,904,834 
Schedule of Effect of Changes in Contract Estimates
Table 4.4: Effect of Changes in Contract Estimates
For the Three Months Ended For the Six Months Ended
March 31, 2022 March 31, 2021 March 31, 2022 March 31, 2021
(in thousands, except per share data)
Benefit to/(reduction of) revenue recognized due to changes in contract estimates $ (1,369) $ 7,603  $ (4,215) $ 15,986 
Benefit to/(reduction of) diluted earnings per share recognized due to changes in contract estimates $ (0.02) $ 0.09  $ (0.05) $ 0.19