Acquisitions

Schedule of estimated amortization expense related to acquisition

The table below shows our expected amortization of purchased intangibles as of September 30, 2019, for each of the next five years and thereafter (in thousands):



	Transportation		Cubic Mission
	Systems		Solutions		Total
2020	$	17,553	$	18,884	$	36,437
2021		16,025		14,429		30,454
2022		15,470		11,304		26,774
2023		10,353		9,151		19,504
2024		9,797		7,179		16,976
Thereafter		21,531		13,937		35,468
	$	90,729	$	74,884	$	165,613

Schedule of Business Combination Operating Results

Nuvotronics’ sales and results of operations included in our operating results were as follows (in millions):


	Years Ended September 30,
	2019		2018		2017
Sales	$	7.4	$	—	$	—
Operating loss		(6.9)		—		—
Net loss after taxes		(6.9)		—		—

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):


Technology	$	22.7
Trade name		1.5
Backlog		1.4
Non-compete agreements		0.5
Customer relationships		0.6
Accounts receivable and contract assets		2.6
Fixed assets		2.7
Accounts payable and accrued expenses		(1.8)
Deferred taxes		(3.2)
Other net assets acquired (liabilities assumed)		(0.6)
Net identifiable assets acquired		26.4
Goodwill		40.4
Net assets acquired	$	66.8

Schedule of Business Combination Operating Results

GRIDSMART’s sales and results of operations included in our operating results were as follows (in millions):


	Years Ended September 30,
	2019		2018		2017
Sales	$	20.6	$	—	$	—
Operating income		0.9		—		—
Net income after taxes		0.9		—		—

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):



Technology	$	25.7
Customer relationships		3.6
Trade name		2.4
Inventory		4.3
Accounts receivable		1.7
Accounts payable and accrued expenses		(1.9)
Deferred taxes		(3.3)
Other net assets acquired		0.6
Net identifiable assets acquired		33.1
Goodwill		53.7
Net assets acquired	$	86.8

Schedule of Business Combination Operating Results

Trafficware’s sales and results of operations included in our operating results were as follows (in millions):


	Years Ended September 30,
	2019		2018		2017
Sales	$	53.8	$	—	$	—
Operating loss		(11.0)		—		—
Net loss after taxes		(11.0)		—		—

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):



Technology	$	43.3
Customer relationships		21.9
Backlog		4.8
Trade name		4.6
Accounts receivable		10.4
Inventory		9.9
Accounts payable and accrued expenses		(8.9)
Other net assets acquired (liabilities assumed)		(2.0)
Net identifiable assets acquired		84.0
Goodwill		153.2
Net assets acquired	$	237.2

Schedule of Business Combination Operating Results

Shield’s sales and results of operations included in our operating results were as follows (in millions):


	Years Ended September 30,
	2019		2018		2017
Sales	$	—	$	—	$	—
Operating loss		(5.3)		(0.8)		—
Net loss after taxes		(5.3)		(0.6)		—

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

The acquisition of Shield was paid for with funds from existing cash resources. The following table summarizes the fair values of the assets acquired and liabilities assumed at the acquisition date (in millions):



Technology	$	6.0
Other net assets acquired		0.3
Net identifiable assets acquired		6.3
Goodwill		6.5
Net assets acquired	$	12.8

Schedule of Business Combination Operating Results

MotionDSP’s sales and results of operations included in our operating results since its consolidation in our financial statements were as follows (in millions):


	Years Ended September 30,
	2019		2018		2017
Sales	$	1.5	$	0.6	$	—
Operating loss		(0.6)		(2.7)		—
Net loss after taxes		(0.6)		(1.9)		—

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

The acquisition of MotionDSP was paid for with funds from existing cash resources. The following table summarizes the fair values of the assets acquired and liabilities assumed at the acquisition date (in millions):


Customer relationships	$	0.2
Technology		4.5
Trade name		0.1
Accounts payable and accrued expenses		(0.3)
Other noncurrent liabilities		(0.8)
Other net liabilities assumed		(0.9)
Net identifiable assets acquired		2.8
Goodwill		6.7
Net assets acquired	$	9.5