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Acquisition of Citizen Engagement Centers Business (Tables) | 3 Months Ended
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Dec. 31, 2018
Business Combinations [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | At this time, we are in the process of finalizing our valuation of the acquired assets and assumed liabilities and, accordingly, the balances below represent our best estimate and are subject to change:
(dollars in thousands) |  | Estimated purchase price allocation
Estimated cash consideration |  | $ | 429,335 |
Billed and unbilled receivables |  | $ | 145,319 |
Property and equipment |  | 6,454 |
Other assets |  | 681 |
Intangible assets |  | 122,300 |
Total identifiable assets acquired |  | 274,754 |
Accounts payable and other liabilities |  | 33,296 |
Net identifiable assets acquired |  | 241,458 |
Goodwill |  | 187,877 |
Net assets acquired |  | $ | 429,335 |
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination |
(dollars in thousands) |  | Useful life |  | Fair value
Customer relationships - all contracts except U.S. Census |  | 10 years |  | $ | 85,300 |
Customer relationships - U.S. Census |  | 2 years |  | 37,000 |
Total intangible assets |  |  |  | $ | 122,300 |
Schedule of Business Acquisition, Pro Forma Information |
|  | Pro forma results for the three months ended December 31,
(dollars in thousands, except per share amounts) |  | 2018 |  | 2017
Revenue |  | $ | 763,048 |  |  | $ | 822,132 |
Net income |  | $ | 59,196 |  |  | $ | 63,293 |
Basic earnings per share attributable to MAXIMUS |  | $0.92 |  | $0.95
Diluted earnings per share attributed to MAXIMUS |  | $0.91 |  | $0.94
Schedule of Goodwill | Changes in goodwill for the three months ended December 31, 2018, were as follows:
(dollars in thousands) |  | U.S. Health & Human Services |  | U.S. Federal Services |  | Outside the United States |  | Total
Balance as of September 30, 2018 |  | $ | 139,588 |  |  | $ | 228,148 |  |  | $ | 32,146 |  |  | $ | 399,882 |
Estimated effect of the acquisition of citizen engagement centers business |  | — |  |  | 187,877 |  |  | — |  |  | 187,877 |
Foreign currency translation |  | (1,195 | ) |  | — |  |  | (829 | ) |  | (2,024 | )
Balance as of December 31, 2018 |  | $ | 138,393 |  |  | $ | 416,025 |  |  | $ | 31,317 |  |  | $ | 585,735 |
Schedule of Finite-Lived Intangible Assets | The following table sets forth the components of intangible assets (in thousands):
|  | As of December 31, 2018 |  | As of September 30, 2018
(dollars in thousands) |  | Cost |  | Accumulated Amortization |  | Intangible Assets, net |  | Cost |  | Accumulated Amortization |  | Intangible Assets, net
Customer contracts and relationships |  | $ | 248,323 |  |  | $ | 45,273 |  |  | $ | 203,050 |  |  | $ | 129,113 |  |  | $ | 42,683 |  |  | $ | 86,430 |
Technology based intangible assets |  | 5,564 |  |  | 4,113 |  |  | 1,451 |  |  | 5,750 |  |  | 4,212 |  |  | 1,538 |
Trademarks and trade names |  | 4,469 |  |  | 4,417 |  |  | 52 |  |  | 4,496 |  |  | 4,429 |  |  | 67 |
Total |  | $ | 258,356 |  |  | $ | 53,803 |  |  | $ | 204,553 |  |  | $ | 139,359 |  |  | $ | 51,324 |  |  | $ | 88,035 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | The estimated future amortization expense for the next five years for the intangible assets held by the Company as of December 31, 2018, is as follows (in thousands):
Nine months ended September 30, 2019 | $ | 27,541 |
2020 | 35,281 |
2021 | 18,233 |
2022 | 15,859 |
2023 | 15,762 |
2024 | 15,639 |

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=84161108&loc=d3e4845-128472 + Details
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