Acquisitions (Tables)

9 Months Ended

Jun. 30, 2015

Acquisitions

Schedule of changes in the carrying amount of goodwill

Changes in goodwill for the nine months ended June 30, 2015 were as follows (in millions):

				Cubic Global		Cubic Global
	Transportation			Defense		Defense
	Systems			Services		Systems			Total
Balances at September 30, 2014	$	59.2		$	94.4	$	30.6		$	184.2
Acquisitions	—			—		57.8			57.8
Foreign currency exchange rate changes	(1.6		)	—		(0.6		)	(2.2		)
Balances at June 30, 2015	$	57.6		$	94.4	$	87.8		$	239.8

Schedule of unaudited pro forma information

The following unaudited pro forma information presents our consolidated results of operations as if DTECH, Intific and ITMS had been included in our consolidated results since October 1, 2013 (in millions):

	Nine Months Ended				Three Months Ended
	June 30,				June 30,
	2015		2014		2015		2014
Net sales	$	1,014.8	$	1,046.5	$	347.8	$	352.5
Net income attributable to Cubic	$	4.0	$	37.9	$	8.8	$	13.8

DTECH LABS, Inc.

Acquisitions

Schedule of estimated fair values of the assets acquired and liabilities assumed at the acquisition date

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the acquisition date (in millions):

Customer relationships	$	35.1
Non compete agreements	0.7
Backlog	2.1
Cash	0.9
Accounts receivable	5.4
Inventory	4.2
Warranty obligation	(0.4		)
Tax liabilities	(3.3		)
Accounts payable and accrued expenses	(3.3		)
Other net assets acquired	0.2
Net identifiable assets acquired	41.6
Goodwill	57.8
Net assets acquired	$	99.4

Schedule of estimated amortization expense related to acquisition

Based upon the preliminary estimate of the fair value of identifiable intangible assets, the estimated amortization expense related to the intangible assets recorded in connection with our acquisition of DTECH for future periods is as follows (in millions):

Year Ended September 30,
2015	$	9.2
2016	8.0
2017	6.8
2018	5.5
2019	4.1
Thereafter	4.3

Intific Inc.

Acquisitions

Schedule of estimated fair values of the assets acquired and liabilities assumed at the acquisition date

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the acquisition date (in millions):

Customer relationships	$	2.0
Technology	0.7
Backlog	0.7
Other intangible assets	0.2
Accounts receivable	1.5
Deferred tax assets	1.5
Accounts payable and accrued expenses	(0.6		)
Deferred tax liabilities	(1.5		)
Other net assets acquired	0.5
Net identifiable assets acquired	5.0
Goodwill	7.4
Net assets acquired	$	12.4

Schedule of estimated amortization expense related to acquisition

The estimated amortization expense related to the intangible assets recorded in connection with our acquisition of Intific for future periods is as follows (in millions):

Year Ended September 30,
2015	$	0.9
2016	0.7
2017	0.6
2018	0.5
2019	0.2
Thereafter	0.1

ITMS

Acquisitions

Schedule of estimated fair values of the assets acquired and liabilities assumed at the acquisition date

The following table summarizes the fair values of the assets acquired and liabilities assumed at the acquisition date (in millions):

Customer relationships	$	15.7
Intellectual property	1.6
Backlog	5.7
Supplier relationships	0.6
Agreements with seller	1.3
Accounts receivable - billed	4.4
Accounts receivable - unbilled	6.9
Deferred tax liabilities, net	(0.2		)
Deferred revenue	(2.6		)
Accounts payable and accrued expenses	(4.6		)
Other net assets acquired	2.6
Net identifiable assets acquired	31.4
Goodwill	40.8
Net assets acquired	$	72.2

Schedule of estimated amortization expense related to acquisition

The estimated amortization expense related to the intangible assets recorded in connection with our acquisition of ITMS for future periods is as follows (in millions):

Year Ended September 30,
2015	$	5.9
2016	4.9
2017	3.9
2018	2.9
2019	0.9
Thereafter	0.1