Schedule of estimated amortization expense related to acquisition

The table below shows our expected amortization of purchased intangibles as of September 30, 2020, for each of the next five years and thereafter (in thousands):



	Transportation		Cubic Mission
	Systems		Solutions		Total
2021	$	17,732	$	42,996	$	60,728
2022		17,101		23,954		41,055
2023		11,960		16,508		28,468
2024		11,404		14,534		25,939
2025		11,304		13,071		24,375
Thereafter		18,187		11,610		29,796
	$	87,688	$	122,673	$	210,361

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

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


	GRIDSMART		Trafficware
Technology	$	25.7	$	43.3
Customer relationships		3.6		21.9
Backlog		—		4.8
Trade name		2.4		4.6
Inventory		4.3		9.9
Accounts receivable		1.7		10.4
Accounts payable and accrued expenses		(1.9)		(9.5)
Deferred taxes		(3.3)		—
Other net assets acquired (liabilities assumed)		0.5		(2.0)
Net identifiable assets acquired		33.0		83.4
Goodwill		53.8		153.8
Net assets acquired	$	86.8	$	237.2

Schedule of Business Combination components of operating results

The operating results above included the following amounts (in millions):



	September 30, 2020
	Delerrok		GRIDSMART		Trafficware
Amortization	$	1.3	$	5.3	$	11.4
Acquisition-related expenses		1.6		0.7		1.1
(Gain) loss for changes in fair value of contingent consideration		(0.7)		—		—

	September 30, 2019
	Delerrok		GRIDSMART		Trafficware
Amortization	$	—	$	4.0	$	15.3
Acquisition-related expenses		—		2.9		5.2

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

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


	Nuvotronics		Shield
Technology	$	22.7	$	6.0
Backlog and customer relationships		2.0		—
Trade name		1.5		—
Non-compete agreements		0.5		—
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)		0.3
Net identifiable assets acquired		26.4		6.3
Goodwill		40.4		6.5
Net assets acquired	$	66.8	$	12.8

Schedule of Business Combination components of operating results

Pixia’s, Nuvotronics’, and Shield’s operating results above included the following amounts (in millions):



	September 30, 2020
	Pixia		Nuvotronics		Shield
Amortization	$	21.5	$	4.0	$	0.8
Acquisition-related expenses		4.2		1.7		—
(Gain) loss for changes in fair value of contingent consideration		—		(4.2)		1.8

	September 30, 2019
	Pixia		Nuvotronics		Shield
Amortization	$	—	$	1.2	$	0.8
Acquisition-related expenses		—		3.7		—
Gain for changes in fair value of contingent consideration		—		(0.7)		(1.8)

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):



Technology	$	14.9
Trade name		0.9
Accounts receivable		0.9
Other net assets acquired (liabilities assumed)		(0.2)
Deferred tax liability		(2.0)
Net identifiable assets acquired		14.5
Goodwill		30.6
Net assets acquired	$	45.1

Acquisitions and Divestitures