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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 29, 2019
Sep. 30, 2018
Sep. 29, 2019
Sep. 30, 2018
Total revenues $ 184.1 $ 159.4 $ 532.4 $ 453.6
Total costs 135.5 115.3 390.8 329.4
Gross profit 48.6 44.1 141.6 124.2
Selling, general and administrative expenses 32.5 29.5 97.7 89.4
Merger and acquisition expenses 0.1 0.0 1.9 0.0
Research and development expenses 4.6 4.4 13.0 11.6
Restructuring expenses and other (0.1) 0.1 0.3 3.5
Operating income from continuing operations 11.5 10.1 28.7 19.7
Other expense:        
Interest expense, net (5.4) (5.0) (16.2) (15.8)
Other expense, net (0.7) (0.3) (1.1) (0.6)
Total other expense, net (6.1) (5.3) (17.3) (16.4)
Income from continuing operations before income taxes 5.4 4.8 11.4 3.3
Provision for income taxes from continuing operations 2.8 3.4 3.8 4.4
Income (loss) from continuing operations 2.6 1.4 7.6 (1.1)
Discontinued operations        
Income (loss) from operations of discontinued component 0.0 0.5 2.4 (9.1)
Income tax benefit (expense) 0.0 (0.2) 0.0 2.0
Income (loss) from discontinued operations 0.0 0.3 2.4 (7.1)
Net income (loss) 2.6 1.7 10.0 (8.2)
Less: Net income attributable to noncontrolling interest 0.1 0.0 0.5 0.0
Net income (loss) $ 2.5 $ 1.7 $ 9.5 $ (8.2)
Basic income (loss) per common share attributable to Kratos:        
Income (loss) from continuing operations $ 0.02 $ 0.01 $ 0.07 $ (0.01)
Income (loss) from discontinued operations 0 0.01 0.02 (0.07)
Net income (loss) 0.02 0.02 0.09 (0.08)
Diluted income (loss) per common share attributable to Kratos:        
Income (loss) from continuing operations 0.02 0.01 0.07 (0.01)
Income (loss) from discontinued operations 0 0.01 0.02 (0.07)
Net income (loss) $ 0.02 $ 0.02 $ 0.09 $ (0.08)
Weighted average common shares outstanding:        
Basic (in shares) 106.5 103.9 105.8 103.8
Diluted (in shares) 109.9 106.4 109.0 103.8
Comprehensive Income (Loss)        
Net income (loss) $ 2.6 $ 1.7 $ 10.0 $ (8.2)
Change in cumulative translation adjustment (0.2) 0.0 (0.3) 0.0
Comprehensive income (loss) 2.4 1.7 9.7 (8.2)
Less: Comprehensive income attributable to noncontrolling interest 0.1 0.0 0.5 0.0
Comprehensive income (loss) attributable to Kratos 2.3 1.7 9.2 (8.2)
Service revenues        
Total revenues 70.8 54.9 207.1 147.9
Total costs 50.2 34.3 142.8 100.4
Product sales        
Total revenues 113.3 104.5 325.3 305.7
Total costs $ 85.3 $ 81.0 $ 248.0 $ 229.0