ACQUISITIONS (Tables)

12 Months Ended

Sep. 30, 2015

Acquisitions

Schedule of estimated amortization expense related to acquisition

The table below shows our expected amortization of purchased intangibles as of September 30, 2015, for each of the next five years and thereafter (in thousands):

	Transportation Systems		Cubic Global Defense Systems		Cubic Global Defense Services		Total
2016	$	7,358	$	9,480	$	4,714	$	21,552
2017	6,306		7,590		2,452		16,348
2018	5,251		5,973		1,775		12,999
2019	2,986		4,346		1,184		8,516
2020	958		2,878		790		4,626
Thereafter	3,043		1,514		4,338		8,895
	$	25,902	$	31,781	$	15,253	$	72,936

Schedule of unaudited pro forma information

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

	Years Ended
	September 30,
	2015		2014
Net sales	$	1,440.7	$	1,458.9
Net income attributable to Cubic	23.9		73.2

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 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	(3.4		)
Other net assets acquired	0.2
Net identifiable assets acquired	41.5
Goodwill	57.9
Net assets acquired	$	99.4

Schedule of estimated amortization expense related to acquisition

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

Year Ended September 30,
2016	$	8.0
2017	6.8
2018	5.5
2019	4.1
2020	2.8
Thereafter	1.5

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,
2016	$	0.7
2017	0.6
2018	0.5
2019	0.2
2020	0.1
Thereafter	—

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,
2016	$	4.6
2017	3.6
2018	2.7
2019	0.9
2020	0.1
Thereafter	—

NextBus, Inc.

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	$	8.8
Accounts receivable, net	2.2
Backlog	1.7
Acquired technology	1.3
Corporate trade names	1.0
Accounts payable and accrued expenses	(1.1		)
Deferred tax liabilities, net	(3.3		)
Other net liabilities assumed	(1.2		)
Net identifiable assets acquired	9.4
Goodwill	10.8
Net assets acquired	$	20.2

Schedule of estimated amortization expense related to acquisition

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

Year Ended September 30,
2016	$	1.4
2017	1.3
2018	1.2
2019	1.1
2020	0.9
Thereafter	2.8

NEK Special Programs Group LLC (NEK)

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	$	13.3
Corporate trade names	4.9
Non-compete agreements	0.2
Accounts receivable -billed	3.1
Accounts receivable -unbilled	7.7
Accounts payable	(3.0		)
Other net liabilities assumed	(0.4		)
Net identifiable assets acquired	25.8
Goodwill	26.8
Net assets acquired	$	52.6

Schedule of estimated amortization expense related to acquisition

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

Year Ended September 30,
2016	$	2.4
2017	1.9
2018	1.4
2019	0.8
2020	0.4
Thereafter	2.4