XML 71 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 6 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2013
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, 2010
Jun. 30, 2010
Mar. 31, 2010
Dec. 31, 2009
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2011
Jun. 30, 2012
Jun. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2009
Net sales:                                            
Products $ 164,968     $ 155,776 $ 153,310 $ 172,079 $ 142,055 $ 155,380 $ 131,419 $ 180,177 $ 167,993 $ 133,629 $ 125,957 $ 300,669 $ 309,086 $ 287,991   $ 429,982 $ 663,287 $ 600,933 $ 607,756 $ 508,167
Services 199,337     183,869 163,456 170,942 180,732 192,509 150,465 173,819 157,125 138,854 120,638 377,007 347,325 342,976   523,709 718,208 694,648 590,436 517,757
Total net sales 364,305 359,687 365,397 339,645 316,766 343,021 322,787 347,889 281,884 353,996 325,118 272,483 246,595 677,676 656,411 630,967   953,691 1,381,495 1,295,581 1,198,192 1,025,924
Costs and expenses:                                            
Products 117,123     106,684 113,449 122,189 101,486 106,813 87,791 131,789 120,222 88,330 90,076 218,018 220,133 194,604   296,090 451,573 418,279 430,417 378,052
Services 153,766     145,642 131,408 144,457 144,992 152,369 122,244 148,035 142,169 115,317 105,493 297,617 277,050 274,613   419,605 594,662 564,062 511,014 418,292
Selling, general and administrative expenses 41,320     43,039 35,220 45,160 37,981 38,514 38,136 32,342 33,706 28,678 29,580 82,317 78,259 76,650   114,631 163,688 159,791 124,306 119,108
Research and development 7,098     8,072 4,896 7,453 6,281 5,271 6,255 8,633 4,995 3,611 1,737 12,920 12,968 11,526   17,807 28,722 25,260 18,976 8,173
Amortization of purchased intangibles 4,266     3,668 4,039 4,074 4,257 4,312 2,038 1,740 1,698 1,710 1,698 7,830 7,707 6,350   10,607 14,828 14,681 6,846 6,432
Total costs and expenses 329,657     307,105 289,012 323,333 294,997 307,279 256,464 322,539 302,790 237,646 228,584 624,786 596,117 563,743   858,740 1,253,473 1,182,073 1,091,559 930,057
Operating income 34,648 29,142 38,586 32,540 27,754 19,688 27,790 40,610 25,420 31,457 22,328 34,837 18,011 52,890 60,294 67,224   94,951 128,022 113,508 106,633 95,867
Other income (expense):                                            
Interest and dividend income 312     964 762 839 490 375 864 236 457 551 346 749 1,726 1,239   1,729 2,994 2,568 1,590 1,664
Interest expense (654)     (331) (347) (306) (374) (374) (407) (473) (414) (418) (450) (1,516) (678) (781)   (1,155) (1,550) (1,461) (1,755) (2,031)
Other income (expense) - net (53)     122 923 2,124 1,232 (486) (1,208) (2,599) 319 5,221 696 49 1,045 (1,694)   (462) 821 1,662 3,637 661
Income before income taxes 34,253     33,295 29,092 22,345 29,138 40,125 24,669 28,621 22,690 40,191 18,603 52,172 62,387 65,988   95,063 130,287 116,277 110,105 96,161
Income taxes 7,043     9,847 8,353 7,671 7,032 11,256 6,414 12,033 5,960 13,251 6,767 12,443 18,200 18,172   25,178 38,183 32,373 38,011 33,016
Net income 27,210     23,448 20,739 14,674 22,106 28,869 18,255 16,588 16,730 26,940 11,836 39,729 44,187 47,816 70,273 69,885 92,104 83,904 72,094 63,145
Less noncontrolling interest in income of VIE 52     51 45 49 56 84 121         125 96 205   261 204 310    
Net income attributable to Cubic $ 27,158 $ 21,088 $ 26,721 $ 23,397 $ 20,694 $ 14,625 $ 22,050 $ 28,785 $ 18,134 $ 16,588 $ 16,730 $ 26,940 $ 11,836 $ 39,604 $ 44,091 $ 47,611   $ 69,624 $ 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 $ 0.62 $ 0.63 $ 1.01 $ 0.44   $ 1.62 $ 1.78   $ 2.60 $ 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 26,735 26,736 26,736 26,732 26,736 26,736 26,736   26,736 26,736 26,736 26,735 26,731
Diluted (in shares) 26,736     26,736 26,736 26,736 26,736 26,736 26,736 26,735 26,736 26,736 26,732 26,736 26,736 26,736   26,736 26,736 26,736 26,735 26,731