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Quarterly information (unaudited)

12 Months Ended

Sep. 30, 2020

Quarterly Financial Information Disclosure [Abstract]

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