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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Apr. 01, 2018
Operating activities:    
Net income (loss) attributable to Kratos $ 3,100 $ (2,200)
Less: Loss from discontinued operations (600) (3,500)
Income from continuing operations 3,700 1,300
Adjustments to reconcile income from continuing operations to net cash provided by operating activities from continuing operations:    
Depreciation and amortization 5,100 4,500
Amortization of lease right-of-use assets 3,700  
Stock-based compensation 2,600 1,700
Deferred income taxes (3,400) 0
Amortization of deferred financing costs 200 200
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable (9,000) 16,400
Unbilled receivables 19,700 (14,200)
Inventoried costs (10,800) 1,300
Prepaid expenses and other assets (1,100) 800
Operating lease liabilities 2,800  
Accounts payable (800) (3,000)
Accrued compensation 3,100 3,800
Accrued expenses (2,700) (6,100)
Advance payments received on contracts 100 (600)
Accrued interest 4,900 4,900
Billings in excess of costs and earnings on uncompleted contracts 3,000 (3,700)
Income tax receivable and payable 1,400 200
Other liabilities (6,500) (1,000)
Net cash provided by operating activities from continuing operations 16,000 6,500
Investing activities:    
Cash paid for acquisitions, net of cash acquired 17,600 0
Capital expenditures (4,000) (6,700)
Net cash used in investing activities from continuing operations (21,600) (6,700)
Financing activities:    
Debt issuance costs 0 (100)
Proceeds (use) from the issuance of common stock 0 (1,100)
Repayment of debt 0 (200)
Payments under finance leases (130) 0
Proceeds from exercise of restricted stock units, employee stock options, and employee stock purchase plan 900 1,800
Net cash provided by financing activities from continuing operations 800 400
Net cash flows of continuing operations (4,800) 200
Net operating cash flows of discontinued operations 300 (3,100)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (100) 200
Net decrease in cash, cash equivalents and restricted cash (4,600) (2,700)
Cash, cash equivalents and restricted cash at beginning of period 183,000 130,900
Cash, cash equivalents and restricted cash at end of period 178,400 128,200
Supplemental disclosure of cash flow information:    
Finance lease - cash paid for interest 600 0
Fair value of assets acquired 60,000 0
Cash purchase consideration (17,700) 0
Common stock issued (27,000) 0
Deferred purchase consideration $ 15,300 $ 0