Acquisitions (Tables)

3 Months Ended

Dec. 31, 2017

Acquisitions

Schedule of unaudited pro forma information

The following unaudited pro forma information presents Cubic Corporation’s consolidated results of operations as if Deltenna and Vocality had been included in our consolidated results since October 1, 2016 (in millions):

	Three Months Ended
	December 31,
	2017		2016
Net sales	$	340.7	$	335.3
Net income (loss)	$	(9.8)	$	(3.3)

Schedule of changes in the carrying amount of goodwill

Changes in goodwill for the three months ended December 31, 2017 were as follows (in millions):

			Cubic Global		Cubic		Cubic Global
	Transportation		Defense		Mission		Defense
	Systems		Systems		Solutions		Services		Total
Net balances at September 30, 2017	$	50,870	$	270,692	$	—	$	94,350	$	415,912
Reassignment in the first quarter of 2018		—		(125,321)		125,321		—		—
Foreign currency exchange rate changes		342		16		14		—		372
Net balances at December 31, 2017	$	51,212	$	145,387	$	125,335	$	94,350	$	416,284

Deltenna

Acquisitions

Schedule of Business Combination Operating Results

Deltenna’s sales and results of operations included in our operating results for the quarter ended December 31, 2017 and 2016 were as follows (in millions):

	December 31,
	2017		2016
Sales	$	—	$	—
Operating loss		(0.1)		—
Net loss after taxes		(0.1)		—

Schedule of Business Combination components of operating results

Deltenna’s operating results above included the following amounts for the quarter (in millions):

	December 31,
	2017		2016
Amortization	$	0.1	$	—
Acquisition-related expenses		—		—

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	$	1.0
Technology		1.1
Other net assets acquired (liabilities assumed)		(0.3)
Net identifiable assets acquired		1.8
Goodwill		3.5
Net assets acquired	$	5.3

Schedule of estimated amortization expense related to acquisition

The estimated amortization expense related to the intangible assets recorded in connection with our acquisition of Deltenna for fiscal years 2018 through 2022 and thereafter is as follows (in millions):

Year Ended
September 30,
2018	$	0.3
2019		0.3
2020		0.3
2021		0.3
2022		0.3
Thereafter		0.7

Vocality

Acquisitions

Schedule of Business Combination Operating Results

Vocality’s sales and results of operations included in our operating results for the quarter ended December 31, 2017 and 2016 were as follows (in millions):

	Three Months Ended
	December 31,
	2017		2016
Sales	$	2.2	$	0.1
Operating income (loss)		0.1		(1.1)
Net income (loss) loss after taxes		0.1		(0.9)

Schedule of Business Combination components of operating results

Vocality’s operating results above included the following amounts for the quarter (in millions):

	Three Months Ended
	December 31,
	2017		2016
Amortization	$	0.2	$	—
Acquisition-related expenses		0.6		0.8

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	$	2.1
Technology		2.4
Trade name		0.4
Inventory		1.7
Accounts payable and accrued expenses		(0.4)
Other net assets acquired (liabilities assumed)		(0.5)
Net identifiable assets acquired		5.7
Goodwill		3.9
Net assets acquired	$	9.6

Schedule of estimated amortization expense related to acquisition

The estimated amortization expense related to the intangible assets recorded in connection with our acquisition of Vocality for fiscal years 2018 through 2022 and thereafter is as follows (in millions):

Year Ended
September 30,
2018	$	0.8
2019		0.7
2020		0.6
2021		0.6
2022		0.5
Thereafter		1.3