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Quarterly information (unaudited) | 12 Months Ended
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Sep. 30, 2020
Quarterly Financial Information Disclosure [Abstract] |
Quarterly information (unaudited) | Quarterly information (unaudited) Set forth below are selected quarterly consolidated statements of operations data for the fiscal years ended September 30, 2020 and 2019. We derived this information from unaudited quarterly financial statements that include, in the opinion of our management, all adjustments necessary for a fair presentation of the information for such periods. Results of operations for any fiscal quarter are not necessarily indicative of results for any future period. Earnings per share amounts are computed each quarter independently. As a result, the sum of the quarters' earnings per share amount may not equal the total earnings per share amount for the respective year. The results shown below are consistent with those reported in our quarterly financial reports, but we have included some additional detail from that previously presented.
|  | Quarter Ended
(dollar in thousands, except per share data) |  | Dec. 31, 2019 |  | March 31, 2020 |  | June 30, 2020 |  | Sept. 30, 2020
U.S. Services |  | $ | 312,281 |  |  | $ | 308,698 |  |  | $ | 336,950 |  |  | $ | 371,345 |
U.S. Federal Services |  | 366,571 |  |  | 393,391 |  |  | 450,143 |  |  | 423,232 |
Outside the U.S. |  | 139,377 |  |  | 116,046 |  |  | 114,244 |  |  | 129,259 |
Revenue |  | $ | 818,229 |  |  | $ | 818,135 |  |  | $ | 901,337 |  |  | $ | 923,836 |
U.S. Services |  | $ | 89,590 |  |  | $ | 85,454 |  |  | $ | 93,029 |  |  | $ | 92,199 |
U.S. Federal Services |  | 70,821 |  |  | 76,958 |  |  | 84,723 |  |  | 86,423 |
Outside the U.S. |  | 15,039 |  |  | (9,314) |  |  | 7,851 |  |  | 18,229 |
Gross profit |  | $ | 175,450 |  |  | $ | 153,098 |  |  | $ | 185,603 |  |  | $ | 196,851 |
U.S. Services |  | $ | 58,192 |  |  | $ | 46,215 |  |  | $ | 61,033 |  |  | $ | 62,343 |
U.S. Federal Services |  | 31,582 |  |  | 30,232 |  |  | 39,233 |  |  | 31,855 |
Outside the U.S. |  | (1,014) |  |  | (26,718) |  |  | (5,817) |  |  | (584) |
Amortization of intangible assets |  | (9,088) |  |  | (8,934) |  |  | (8,712) |  |  | (8,900) |
Acquisition-related expenses |  | (635) |  |  | (3,377) |  |  | (150) |  |  | (459) |
Gain on sale of a business |  | — |  |  | — |  |  | 1,706 |  |  | 12 |
Other |  | 98 |  |  | (107) |  |  | 16 |  |  | 256 |
Operating income |  | $ | 79,135 |  |  | $ | 37,311 |  |  | $ | 87,309 |  |  | $ | 84,523 |
Net income |  | $ | 58,734 |  |  | $ | 27,650 |  |  | $ | 64,464 |  |  | $ | 63,661 |
Net income attributable to Maximus |  | $ | 58,734 |  |  | $ | 27,650 |  |  | $ | 64,464 |  |  | $ | 63,661 |
Basic earnings per share |  | $ | 0.91 |  |  | $ | 0.43 |  |  | $ | 1.04 |  |  | $ | 1.03 |
Diluted earnings per share |  | $ | 0.91 |  |  | $ | 0.43 |  |  | $ | 1.04 |  |  | $ | 1.02 |
|  | Quarter Ended
(dollars in thousands, except per share data) |  | Dec. 31, 2018 |  | March 31, 2019 |  | June 30, 2019 |  | Sept. 30, 2019
U.S. Services |  | $ | 294,213 |  |  | $ | 290,737 |  |  | $ | 291,132 |  |  | $ | 300,406 |
U.S. Federal Services |  | 216,987 |  |  | 289,736 |  |  | 292,295 |  |  | 312,179 |
Outside the U.S. |  | 153,419 |  |  | 156,047 |  |  | 147,283 |  |  | 142,381 |
Revenue |  | $ | 664,619 |  |  | $ | 736,520 |  |  | $ | 730,710 |  |  | $ | 754,966 |
U.S. Services |  | $ | 88,031 |  |  | $ | 86,260 |  |  | $ | 86,664 |  |  | $ | 83,154 |
U.S. Federal Services |  | 47,985 |  |  | 60,696 |  |  | 66,803 |  |  | 66,586 |
Outside the U.S. |  | 23,249 |  |  | 22,466 |  |  | 20,780 |  |  | 18,510 |
Gross profit |  | $ | 159,265 |  |  | $ | 169,422 |  |  | $ | 174,247 |  |  | $ | 168,250 |
U.S. Services |  | $ | 55,892 |  |  | $ | 56,860 |  |  | $ | 54,250 |  |  | $ | 53,832 |
U.S. Federal Services |  | 21,353 |  |  | 29,592 |  |  | 33,907 |  |  | 31,090 |
Outside the U.S. |  | 4,441 |  |  | 4,474 |  |  | 4,989 |  |  | 2,157 |
Amortization of intangible assets |  | (5,458) |  |  | (9,519) |  |  | (9,049) |  |  | (9,028) |
Acquisition-related expenses |  | (2,691) |  |  | — |  |  | — |  |  | — |
Other |  | 599 |  |  | 394 |  |  | (503) |  |  | (475) |
Operating income |  | $ | 74,136 |  |  | $ | 81,801 |  |  | $ | 83,594 |  |  | $ | 77,576 |
Net income |  | $ | 55,723 |  |  | $ | 61,766 |  |  | $ | 62,965 |  |  | $ | 60,041 |
Net income attributable to Maximus |  | $ | 55,913 |  |  | $ | 61,924 |  |  | $ | 62,898 |  |  | $ | 60,089 |
Basic earnings per share attributable to Maximus |  | $ | 0.86 |  |  | $ | 0.96 |  |  | $ | 0.98 |  |  | $ | 0.93 |
Diluted earnings per share attributable to Maximus |  | $ | 0.86 |  |  | $ | 0.96 |  |  | $ | 0.97 |  |  | $ | 0.93 |

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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