MAXIMUS INC
For the period ended Sep 30, 2024. Filed Nov 21, 2024.
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FY2024 · Filed Nov 21, 2024
MMS$65.64+0.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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8. Goodwill and Intangibles
- GOODWILL AND INTANGIBLE ASSETS
| Table 8.1: Changes in Goodwill by Segment | ||||
|---|---|---|---|---|
| U.S. Federal Services | U.S. Services | Outside the U.S. | Total | |
| (in thousands) | ||||
| Balance as of September 30, 2022 | $1,559,863 | $164,472 | $55,080 | $1,779,415 |
| Divestitures | — | — | (3,172) | (3,172) |
| Foreign currency translation | — | — | 2,972 | 2,972 |
| Balance as of September 30, 2023 | 1,559,863 | 164,472 | 54,880 | 1,779,215 |
| Divestitures | — | — | (364) | (364) |
| Foreign currency translation | — | — | 4,020 | 4,020 |
| Balance as of September 30, 2024 | $1,559,863 | $164,472 | $58,536 | $1,782,871 |
There wereno impairment charges to our goodwill for the years ended September 30, 2024, 2023, and 2022.
| Table 8.2: Details of Intangible Assets, Net | ||||||
|---|---|---|---|---|---|---|
| As of September 30, | ||||||
| 2024 | 2023 | |||||
| Cost | AccumulatedAmortization | IntangibleAssets, Net | Cost | AccumulatedAmortization | IntangibleAssets, Net | |
| (in thousands) | ||||||
| Customer contracts and relationships | $870,810 | $309,067 | $561,743 | $891,511 | $251,868 | $639,643 |
| VES Provider network | 57,000 | 15,833 | 41,167 | 57,000 | 11,083 | 45,917 |
| Technology-based intangible assets | 31,586 | 20,786 | 10,800 | 31,572 | 13,484 | 18,088 |
| Assembled workforce | 18,185 | $1,326 | 16,859 | — | — | — |
| Trademarks and trade names | 4,474 | 4,474 | — | 4,471 | 4,471 | — |
| Total | $982,055 | $351,486 | $630,569 | $984,554 | $280,906 | $703,648 |
| Table 8.3: Details of Weighted Average Remaining Lives | |
|---|---|
| As of September 30, 2024 | |
| Customer contracts and relationships | 8.0 years |
| VES Provider network | 8.7 years |
| Technology-based intangible assets | 1.0 year |
| Assembled workforce | 7.4 years |
| Trademarks and trade names | 0.0 years |
| Weighted Average Remaining Life | 7.9 years |
| Table 8.4: Details of Future Amortization Expense of Intangible Assets, Net | |
|---|---|
| As of September 30, 2024 | |
| (in thousands) | |
| Year ended September 30, 2025 | $92,058 |
| Year ended September 30, 2026 | 81,258 |
| Year ended September 30, 2027 | 81,258 |
| Year ended September 30, 2028 | 81,258 |
| Year ended September 30, 2029 | 71,298 |
| Thereafter | 223,439 |
| Total | $630,569 |
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