Acquisitions and Divestitures (Tables)

3 Months Ended

Dec. 31, 2020

Acquisitions and Divestitures

Schedule of Business Combination Operating Results

The sales and results of operations from Delerrok and Pixia included in our operating results were as follows (in millions):

	Three Months Ended
	December 31, 2020
	Delerrok		Pixia
Sales	$	0.3	$	2.3
Operating loss		(1.1)		(8.0)
Net loss after taxes		(1.1)		(8.0)

Schedule of Business Combination components of operating results

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

	Three Months Ended
	December 31, 2020
	Delerrok		Pixia
Amortization	$	0.4	$	7.2
Acquisition-related expenses		0.4		0.5
Gain from changes in fair value of contingent consideration		(0.9)		—

Schedule of estimated amortization expense related to acquisition

The estimated amortization expense related to the intangible assets recorded in connection with our acquisitions are as follows (in millions):

Year Ending September 30,	Delerrok		Pixia
2021	$	1.7	$	28.7
2022		1.6		12.7
2023		1.6		7.3
2024		1.6		7.3
2025		1.6		7.3
Thereafter		6.4		3.2

Schedule of unaudited pro forma information

The following unaudited pro forma information presents our consolidated results of operations as if Pixia and Delerrok had been included in our consolidated results since October 1, 2019 (in millions):

	Three Months Ended
	December 31,
	2020		2019
Net sales	$	318.8	$	333.1
Net loss	$	(13.0)	$	(28.8)

Schedule of changes in the carrying amount of goodwill

Changes in goodwill for the three months ended December 31, 2020 were as follows for each of our reporting units (in thousands):

	Cubic Transportation		Cubic Mission
	Systems		Performance Solutions		Total
Net balances at October 1, 2020	$	287,668	$	497,214	$	784,882
Acquisitions		(260)		—		(260)
Foreign currency exchange rate changes		2,229		890		3,119
Net balances at December 31, 2020	$	289,637	$	498,104	$	787,741

PIXIA Corp

Acquisitions and Divestitures

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

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

Backlog	$	42.5
Customer relationships		25.5
Developed technology		14.1
Trade name		5.7
Accounts receivable, prepaids and other assets		3.8
Deferred taxes		(17.6)
Other net assets acquired (liabilities assumed)		(1.8)
Net identifiable assets acquired		72.2
Goodwill		173.0
Net assets acquired	$	245.2

Delerrok Inc.

Acquisitions and Divestitures

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	$	14.9
Trade name		0.9
Accounts receivable		0.9
Other net assets acquired (liabilities assumed)		(0.3)
Deferred tax liability		(1.7)
Net identifiable assets acquired		14.7
Goodwill		30.4
Net assets acquired	$	45.1