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Business and summary of significant accounting policies (Tables) | 12 Months Ended
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Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of New Accounting Pronouncements and Changes in Accounting Principles | The adoption of Topic 606 resulted in the following changes to our opening balance sheet:
(dollars in thousands) |  | Balance at September 30, 2018 |  | Adjustments due to adoption of new standard |  | Opening balance at October 1, 2018
Assets |  |  |  |  |  |
Accounts receivable - unbilled |  | $ | 31,536 |  |  | $ | 35,414 |  |  | $ | 66,950 |
Deferred income taxes |  | 6,834 |  |  | (6,625) |  |  | 209 |
Liabilities and shareholders' equity |  |  |  |  |  |
Deferred revenue - current |  | 51,182 |  |  | (11,767) |  |  | 39,415 |
Deferred income taxes - long-term |  | 26,377 |  |  | 7,074 |  |  | 33,451 |
Retained earnings |  | 633,281 |  |  | 32,929 |  |  | 666,210 |
Noncontrolling interests |  | 2,552 |  |  | 553 |  |  | 3,105 |
The table below shows the effects of the adoption of Topic 606 on our consolidated statements of operations for the year ended September 30, 2019.
|  | Twelve months ended September 30, 2019 |  |  |  |
(dollars in thousands, except per share data) |  | Balance under previous accounting guidance |  | Adjustments due to adoption of new standard |  | Balance as reported
Revenue |  | $ | 2,883,697 |  |  | $ | 3,118 |  |  | $ | 2,886,815 |
Income before income taxes |  | 314,202 |  |  | 3,118 |  |  | 317,320 |
Provision for income taxes |  | 75,539 |  |  | 1,286 |  |  | 76,825 |
Net income |  | 238,663 |  |  | 1,832 |  |  | 240,495 |
(Loss)/income attributable to noncontrolling interests |  | (977) |  |  | 648 |  |  | (329) |
Net income attributable to MAXIMUS |  | $ | 239,640 |  |  | $ | 1,184 |  |  | $ | 240,824 |
Basic earnings per share attributable to MAXIMUS |  | $ | 3.72 |  |  | $ | 0.01 |  |  | $ | 3.73 |
Diluted earnings per share attributable to MAXIMUS |  | $ | 3.70 |  |  | $ | 0.02 |  |  | $ | 3.72 |
The effect on our balance sheet would have been as follows:
(dollars in thousands) |  | Balance at September 30, 2019 under previous accounting guidance |  | Adjustments due to adoption of new standard |  | Balance at September 30, 2019 as reported
Assets |  |  |  |  |  |
Accounts receivable - unbilled |  |  | $ | 88,390 |  |  | $ | 35,494 |  |  | $ | 123,884 |
Deferred income taxes |  |  | 8,065 |  |  | (7,879) |  |  | 186 |
Liabilities and shareholders' equity |  |  |  |  |  |
Deferred revenue - current |  |  | 54,834 |  |  | (11,490) |  |  | 43,344 |
Deferred income taxes - long-term |  |  | 41,055 |  |  | 5,505 |  |  | 46,560 |
Common stock |  | 497,232 |  |  | 1,201 |  |  | 498,433 |
Accumulated other comprehensive loss |  |  | (43,018) |  |  | (2,362) |  |  | (45,380) |
Retained earnings |  |  | 759,978 |  |  | 34,761 |  |  | 794,739 |
Schedule of Cash and Cash Equivalents | Our balances for cash, cash equivalents and restricted cash are as follows:
|  | Balance as of |  |  |  |  |  |
(dollars in thousands) |  | September 30, 2019 |  | September 30, 2018 |  | September 30, 2017 |  | September 30, 2016
Cash and cash equivalents |  | $ | 105,565 |  |  | $ | 349,245 |  |  | $ | 166,252 |  |  | $ | 66,199 |
Restricted cash (recorded within "other current assets") |  | 10,927 |  |  | 7,314 |  |  | 13,475 |  |  | 14,094 |
Cash, cash equivalents and restricted cash |  | $ | 116,492 |  |  | $ | 356,559 |  |  | $ | 179,727 |  |  | $ | 80,293 |
Restrictions on Cash and Cash Equivalents | Our balances for cash, cash equivalents and restricted cash are as follows:
|  | Balance as of |  |  |  |  |  |
(dollars in thousands) |  | September 30, 2019 |  | September 30, 2018 |  | September 30, 2017 |  | September 30, 2016
Cash and cash equivalents |  | $ | 105,565 |  |  | $ | 349,245 |  |  | $ | 166,252 |  |  | $ | 66,199 |
Restricted cash (recorded within "other current assets") |  | 10,927 |  |  | 7,314 |  |  | 13,475 |  |  | 14,094 |
Cash, cash equivalents and restricted cash |  | $ | 116,492 |  |  | $ | 356,559 |  |  | $ | 179,727 |  |  | $ | 80,293 |

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