XML 16 R48.htm IDEA: XBRL DOCUMENT v2.4.0.8
RESTATEMENT OF CONSOLIDATED FINANCIAL STATEMENTS (Details) (USD $)
3 Months Ended 12 Months Ended 0 Months Ended 3 Months Ended 12 Months Ended 3 Months Ended 12 Months Ended
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Dec. 31, 2011
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2010
Feb. 20, 2014
Subsequent event
item
Dec. 31, 2013
Subsequent event
item
Sep. 30, 2013
Previously Reported
Jun. 30, 2013
Previously Reported
Mar. 31, 2013
Previously Reported
Dec. 31, 2012
Previously Reported
Sep. 30, 2012
Previously Reported
Jun. 30, 2012
Previously Reported
Mar. 31, 2012
Previously Reported
Dec. 31, 2011
Previously Reported
Sep. 30, 2013
Previously Reported
Sep. 30, 2012
Previously Reported
Sep. 30, 2011
Previously Reported
Sep. 30, 2010
Previously Reported
Sep. 30, 2013
Adjustments
Jun. 30, 2013
Adjustments
Mar. 31, 2013
Adjustments
Dec. 31, 2012
Adjustments
Sep. 30, 2012
Adjustments
Jun. 30, 2012
Adjustments
Mar. 31, 2012
Adjustments
Dec. 31, 2011
Adjustments
Sep. 30, 2013
Adjustments
Sep. 30, 2012
Adjustments
Sep. 30, 2011
Adjustments
Sep. 30, 2010
Adjustments
Decrease in retained earnings                                                                           $ 1,700,000
Decrease in accumulated other comprehensive loss                                                                           400,000
Retained earnings 740,002,000 780,397,000 762,016,000 735,574,000 721,333,000 702,630,000 675,235,000 652,587,000 740,002,000 721,333,000   551,765,000     728,424,000 769,803,000 751,439,000 727,489,000 715,043,000 697,164,000 670,443,000 650,254,000 728,424,000 715,043,000   553,452,000 11,578,000 10,594,000 10,577,000 8,085,000 6,290,000 5,466,000 4,792,000 2,333,000 11,578,000 6,290,000   (1,687,000)
Net income (37,186,000) 18,381,000 29,650,000 14,241,000 21,912,000 27,395,000 25,856,000 22,264,000 25,086,000 97,427,000 86,044,000       (38,170,000) 18,364,000 27,158,000 12,446,000 21,088,000 26,721,000 23,397,000 20,694,000 19,798,000 91,900,000 83,594,000   984,000 17,000 2,492,000 1,795,000 824,000 674,000 2,459,000 1,570,000 5,288,000 5,527,000 2,450,000  
Number of errors in recognition of revenue                         2                                                  
Number of contracts for which errors identified related to revenue recognition                           2                                                
Net sales:                                                                            
Products 132,874,000 127,682,000 167,036,000 134,718,000 171,632,000 194,613,000 156,891,000 154,192,000 562,310,000 677,328,000 601,093,000       136,216,000 131,557,000 164,968,000 135,701,000 164,458,000 189,743,000 155,776,000 153,310,000 568,442,000 663,287,000 600,933,000   (3,342,000) (3,875,000) 2,068,000 (983,000) 7,174,000 4,870,000 1,115,000 882,000 (6,132,000) 14,041,000 160,000  
Services 207,902,000 209,544,000 201,573,000 180,078,000 197,623,000 176,529,000 186,939,000 165,665,000 799,097,000 726,756,000 700,491,000       206,386,000 208,888,000 199,337,000 177,670,000 195,229,000 175,654,000 183,869,000 163,456,000 792,281,000 718,208,000 694,648,000   1,516,000 656,000 2,236,000 2,408,000 2,394,000 875,000 3,070,000 2,209,000 6,816,000 8,548,000 5,843,000  
Total net sales 340,776,000 337,226,000 368,609,000 314,796,000 369,255,000 371,142,000 343,830,000 319,857,000 1,361,407,000 1,404,084,000 1,301,584,000       342,602,000 340,445,000 364,305,000 313,371,000 359,687,000 365,397,000 339,645,000 316,766,000 1,360,723,000 1,381,495,000 1,295,581,000   (1,826,000) (3,219,000) 4,304,000 1,425,000 9,568,000 5,745,000 4,185,000 3,091,000 684,000 22,589,000 6,003,000  
Costs and expenses:                                                                            
Products 115,750,000 91,011,000 119,145,000 99,887,000 121,479,000 123,072,000 107,432,000 114,195,000 425,793,000 466,178,000 418,504,000       117,530,000 93,946,000 117,123,000 100,895,000 113,009,000 118,431,000 106,684,000 113,449,000 429,494,000 451,573,000 418,279,000   (1,780,000) (2,935,000) 2,022,000 (1,008,000) 8,470,000 4,641,000 748,000 746,000 (3,701,000) 14,605,000 225,000  
Services 167,851,000 164,278,000 153,320,000 144,071,000 163,059,000 153,640,000 145,696,000 131,567,000 629,520,000 593,962,000 564,765,000       167,757,000 164,458,000 153,766,000 143,851,000 164,060,000 153,552,000 145,642,000 131,408,000 629,832,000 594,662,000 564,062,000   94,000 (180,000) (446,000) 220,000 (1,001,000) 88,000 54,000 159,000 (312,000) (700,000) 703,000  
Selling, general and administrative expenses 38,837,000 44,130,000 41,320,000 40,943,000 43,179,000 42,751,000 43,039,000 35,220,000 165,230,000 164,189,000 159,791,000       38,429,000 44,130,000 41,320,000 40,997,000 42,678,000 42,751,000 43,039,000 35,220,000 164,876,000 163,688,000 159,791,000   408,000     (54,000) 501,000       354,000 501,000    
Restructuring costs 1,941,000 114,000 6,084,000           8,139,000           1,941,000 114,000 6,084,000           8,139,000                              
Impairment of goodwill 50,865,000               50,865,000           50,865,000               50,865,000                              
Research and development 5,099,000 6,426,000 7,098,000 5,822,000 7,327,000 8,427,000 8,072,000 4,896,000 24,445,000 28,722,000 25,260,000       5,099,000 6,426,000 7,098,000 5,822,000 7,327,000 8,427,000 8,072,000 4,896,000 24,445,000 28,722,000 25,260,000                          
Amortization of purchased intangibles 4,488,000 4,362,000 4,266,000 3,564,000 3,471,000 3,650,000 3,668,000 4,039,000 16,680,000 14,828,000 14,681,000       4,488,000 4,362,000 4,266,000 3,564,000 3,471,000 3,650,000 3,668,000 4,039,000 16,680,000 14,828,000 14,681,000                          
Total costs and expenses 384,831,000 310,321,000 331,233,000 294,287,000 338,515,000 331,540,000 307,907,000 289,917,000 1,320,672,000 1,267,879,000 1,183,001,000       386,109,000 313,436,000 329,657,000 295,129,000 330,545,000 326,811,000 307,105,000 289,012,000 1,324,331,000 1,253,473,000 1,182,073,000   (1,278,000) (3,115,000) 1,576,000 (842,000) 7,970,000 4,729,000 802,000 905,000 (3,659,000) 14,406,000 928,000  
Operating income (44,055,000) 26,905,000 37,376,000 20,509,000 30,740,000 39,602,000 35,923,000 29,940,000 40,735,000 136,205,000 118,583,000       (43,507,000) 27,009,000 34,648,000 18,242,000 29,142,000 38,586,000 32,540,000 27,754,000 36,392,000 128,022,000 113,508,000   (548,000) (104,000) 2,728,000 2,267,000 1,598,000 1,016,000 3,383,000 2,186,000 4,343,000 8,183,000 5,075,000  
Other income (expenses):                                                                            
Interest and dividend income 297,000 530,000 312,000 437,000 571,000 697,000 964,000 762,000 1,576,000 2,994,000 2,568,000       297,000 530,000 312,000 437,000 571,000 697,000 964,000 762,000 1,576,000 2,994,000 2,568,000                          
Interest expense (980,000) (925,000) (657,000) (865,000) (664,000) (234,000) (344,000) (360,000) (3,427,000) (1,602,000) (1,541,000)       (977,000) (922,000) (654,000) (862,000) (651,000) (221,000) (331,000) (347,000) (3,415,000) (1,550,000) (1,461,000)   (3,000) (3,000) (3,000) (3,000) (13,000) (13,000) (13,000) (13,000) (12,000) (52,000) (80,000)  
Other income (expense), net 1,651,000 (813,000) (53,000) 102,000 271,000 (950,000) 122,000 923,000 887,000 366,000 863,000       397,000 (813,000) (53,000) 102,000 726,000 (950,000) 122,000 923,000 (367,000) 821,000 1,662,000   1,254,000       (455,000)       1,254,000 (455,000) (799,000)  
Income before income taxes (43,087,000) 25,697,000 36,978,000 20,183,000 30,918,000 39,115,000 36,665,000 31,265,000 39,771,000 137,963,000 120,473,000       (43,790,000) 25,804,000 34,253,000 17,919,000 29,788,000 38,112,000 33,295,000 29,092,000 34,186,000 130,287,000 116,277,000   703,000 (107,000) 2,725,000 2,264,000 1,130,000 1,003,000 3,370,000 2,173,000 5,585,000 7,676,000 4,196,000  
Income taxes (5,935,000) 7,292,000 7,276,000 5,869,000 8,951,000 11,667,000 10,758,000 8,956,000 14,502,000 40,332,000 34,119,000       (5,654,000) 7,416,000 7,043,000 5,400,000 8,645,000 11,338,000 9,847,000 8,353,000 14,205,000 38,183,000 32,373,000   (281,000) (124,000) 233,000 469,000 306,000 329,000 911,000 603,000 297,000 2,149,000 1,746,000  
Net income (37,152,000) 18,405,000 29,702,000 14,314,000 21,967,000 27,448,000 25,907,000 22,309,000 25,269,000 97,631,000 86,354,000       (38,136,000) 18,388,000 27,210,000 12,519,000 21,143,000 26,774,000 23,448,000 20,739,000 19,981,000 92,104,000 83,904,000   984,000 17,000 2,492,000 1,795,000 824,000 674,000 2,459,000 1,570,000 5,288,000 5,527,000 2,450,000  
Less noncontrolling interest in income of VIE 34,000 24,000 52,000 73,000 55,000 53,000 51,000 45,000 183,000 204,000 310,000       34,000 24,000 52,000 73,000 55,000 53,000 51,000 45,000 183,000 204,000 310,000                          
Net income attributable to Cubic $ (37,186,000) $ 18,381,000 $ 29,650,000 $ 14,241,000 $ 21,912,000 $ 27,395,000 $ 25,856,000 $ 22,264,000 $ 25,086,000 $ 97,427,000 $ 86,044,000       $ (38,170,000) $ 18,364,000 $ 27,158,000 $ 12,446,000 $ 21,088,000 $ 26,721,000 $ 23,397,000 $ 20,694,000 $ 19,798,000 $ 91,900,000 $ 83,594,000   $ 984,000 $ 17,000 $ 2,492,000 $ 1,795,000 $ 824,000 $ 674,000 $ 2,459,000 $ 1,570,000 $ 5,288,000 $ 5,527,000 $ 2,450,000  
Net income per share attributable to Cubic:                                                                            
Basic (in dollars per share) $ (1.39) $ 0.69 $ 1.11 $ 0.53 $ 0.82 $ 1.02 $ 0.97 $ 0.83 $ 0.94 $ 3.64 $ 3.22       $ (1.43) $ 0.69 $ 1.02 $ 0.47 $ 0.79 $ 1.00 $ 0.88 $ 0.77 $ 0.74 $ 3.44 $ 3.13   $ 0.04 $ 0.00 $ 0.09 $ 0.06 $ 0.03 $ 0.02 $ 0.09 $ 0.06 $ 0.20 $ 0.20 $ 0.09  
Diluted (in dollars per share) $ (1.39) $ 0.69 $ 1.11 $ 0.53 $ 0.82 $ 1.02 $ 0.97 $ 0.83 $ 0.94 $ 3.64 $ 3.22       $ (1.43) $ 0.69 $ 1.02 $ 0.47 $ 0.79 $ 1.00 $ 0.88 $ 0.77 $ 0.74 $ 3.44 $ 3.13   $ 0.04 $ 0.00 $ 0.09 $ 0.06 $ 0.03 $ 0.02 $ 0.09 $ 0.06 $ 0.20 $ 0.20 $ 0.09  
Weighted average shares used in per share calculations:                                                                            
Basic (in shares) 26,736 26,736 26,736 26,736 26,736 26,736 26,736 26,736 26,736,000 26,736,000 26,736,000       26,736 26,736 26,736 26,736 26,736 26,736 26,736 26,736 26,736,000 26,736,000 26,736,000                          
Diluted (in shares) 26,736 26,762 26,736 26,736 26,736 26,736 26,736 26,736 26,760,000 26,736,000 26,736,000       26,736 26,762 26,736 26,736 26,736 26,736 26,736 26,736 26,760,000 26,736,000 26,736,000