XML 37 R25.htm IDEA: XBRL DOCUMENT v3.25.1
Revenue Recognition (Tables)
6 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
Table 4.1: Revenue by Service Type
For the Three Months EndedFor the Six Months Ended
March 31, 2025March 31, 2024March 31, 2025March 31, 2024
(dollars in thousands)
Program Operations$690,772 50.7 %$665,050 49.3 %$1,418,739 51.3 %$1,352,420 50.6 %
Clinical Services503,963 37.0 %466,623 34.6 %975,489 35.3 %894,992 33.5 %
Employment & Other78,989 5.8 %116,072 8.6 %192,607 7.0 %234,360 8.8 %
Technology Solutions88,062 6.5 %100,612 7.5 %177,626 6.4 %193,626 7.2 %
Total revenue$1,361,786 $1,348,357 $2,764,461 $2,675,398 
Table 4.2: Revenue by Contract Type
For the Three Months EndedFor the Six Months Ended
March 31, 2025March 31, 2024March 31, 2025March 31, 2024
(in thousands)
Performance-based$714,406 52.5 %$738,888 54.8 %$1,432,177 51.8 %$1,443,599 54.0 %
Cost-plus334,499 24.6 %334,498 24.8 %718,926 26.0 %676,513 25.3 %
Fixed price185,009 13.6 %166,816 12.4 %359,688 13.0 %343,493 12.8 %
Time and materials127,872 9.4 %108,155 8.0 %253,670 9.2 %211,793 7.9 %
Total revenue$1,361,786 $1,348,357 $2,764,461 $2,675,398 
Table 4.3: Revenue by Customer Type
For the Three Months EndedFor the Six Months Ended
March 31, 2025March 31, 2024March 31, 2025March 31, 2024
(dollars in thousands)
New York state government agencies$155,949 11.5 %$166,952 12.4 %$317,644 11.5 %$327,486 12.2 %
Other U.S. state government agencies287,184 21.1 %316,195 23.5 %578,251 20.9 %642,604 24.0 %
Total U.S. state government agencies443,133 483,147 895,895 970,090 
U.S. federal government agencies759,583 55.8 %685,939 50.9 %1,524,020 55.1 %1,348,885 50.4 %
International government agencies138,724 10.2 %156,796 11.6 %305,590 11.1 %312,408 11.7 %
Other, including local municipalities and commercial customers20,346 1.5 %22,475 1.7 %38,956 1.4 %44,015 1.6 %
Total revenue$1,361,786 $1,348,357 $2,764,461 $2,675,398 
Table 4.4: Effect of Changes in Contract Estimates
For the Three Months EndedFor the Six Months Ended
March 31, 2025March 31, 2024March 31, 2025March 31, 2024
(in thousands, except per share data)
Increase in/(reduction of) revenue recognized due to changes in contract estimates$3,804 $(3,098)$10,573 $(9,169)
Increase in/(reduction of) diluted earnings per share recognized due to changes in contract estimates$0.05 $(0.04)$0.13 $(0.11)