XML 45 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2010
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2009
Net sales:                        
Products     $ 155,776 $ 153,310 $ 172,079 $ 142,055 $ 155,380 $ 131,419 $ 663,287 $ 600,933 $ 607,756 $ 508,167
Services     183,869 163,456 170,942 180,732 192,509 150,465 718,208 694,648 590,436 517,757
Total net sales 359,687 365,397 339,645 316,766 343,021 322,787 347,889 281,884 1,381,495 1,295,581 1,198,192 1,025,924
Costs and expenses:                        
Products     106,684 113,449 122,189 101,486 106,813 87,791 451,573 418,279 430,417 378,052
Services     145,642 131,408 144,457 144,992 152,369 122,244 594,662 564,062 511,014 418,292
Selling, general and administrative expenses     43,039 35,220 45,160 37,981 38,514 38,136 163,688 159,791 124,306 119,108
Research and development     8,072 4,896 7,453 6,281 5,271 6,255 28,722 25,260 18,976 8,173
Amortization of purchased intangibles     3,668 4,039 4,074 4,257 4,312 2,038 14,828 14,681 6,846 6,432
Total costs and expenses     307,105 289,012 323,333 294,997 307,279 256,464 1,253,473 1,182,073 1,091,559 930,057
Operating income 29,142 38,586 32,540 27,754 19,688 27,790 40,610 25,420 128,022 113,508 106,633 95,867
Other income (expense):                        
Interest and dividend income     964 762 839 490 375 864 2,994 2,568 1,590 1,664
Interest expense     (331) (347) (306) (374) (374) (407) (1,550) (1,461) (1,755) (2,031)
Other income (expense) - net     122 923 2,124 1,232 (486) (1,208) 821 1,662 3,637 661
Income before income taxes     33,295 29,092 22,345 29,138 40,125 24,669 130,287 116,277 110,105 96,161
Income taxes     9,847 8,353 7,671 7,032 11,256 6,414 38,183 32,373 38,011 33,016
Net income     23,448 20,739 14,674 22,106 28,869 18,255 92,104 83,904 72,094 63,145
Less noncontrolling interest in income of VIE     51 45 49 56 84 121 204 310    
Net income attributable to Cubic $ 21,088 $ 26,721 $ 23,397 $ 20,694 $ 14,625 $ 22,050 $ 28,785 $ 18,134 $ 91,900 $ 83,594 $ 72,094 $ 63,145
Basic and diluted net income per common share (in dollars per share) $ 0.79 $ 1.00 $ 0.88 $ 0.77 $ 0.55 $ 0.82 $ 1.08 $ 0.68 $ 3.44 $ 3.13 $ 2.70 $ 2.36
Average number of common shares outstanding (in shares)     26,736 26,736 26,736 26,736 26,736 26,736 26,736 26,736 26,735 26,731
Diluted average number of common shares outstanding (in shares)     26,736 26,736 26,736 26,736 26,736 26,736 26,736 26,736 26,735 26,731