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Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 29, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited) Quarterly Financial Data (Unaudited)

The following financial information reflects all normal and recurring adjustments that are, in the opinion of management, necessary for a fair statement of the results of the interim periods. As discussed in “Discontinued Operations” in Note 9 of these notes to consolidated financial statements, the Company began reporting the PSS business as discontinued operations effective in the first quarter of fiscal 2018. Accordingly, the financial results for the PSS business have been reported in discontinued operations for all periods presented.

Summarized quarterly data for the years ended December 29, 2019 and December 30, 2018, is as follows (in millions, except per share data):

 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
Fiscal year 2019
 
 
 
 
 
 
 
Revenues
$
160.4

 
$
187.9

 
$
184.1

 
$
185.1

Gross profit
44.9

 
48.1

 
48.6

 
48.4

Operating income
8.2

 
9.0

 
11.5

 
9.3

Provision (benefit) for income taxes
(1.5
)
 
2.5

 
2.8

 
1.0

Income from continuing operations
3.7

 
1.3

 
2.6

 
3.3

Income (loss) from discontinued operations
(0.6
)
 
3.0

 
—

 
(0.7
)
Net income
$
3.1

 
$
4.3

 
$
2.6

 
$
2.6

Less: Net income (loss) attributable to noncontrolling interest
—

 
0.4

 
0.1

 
(0.4
)
Net income attributable to Kratos
3.1

 
3.9

 
2.5

 
3.0

Basic income (loss) per common share attributable to Kratos:
 
 
 
 
 
 
 
   Income from continuing operations
$
0.04

 
$
0.01

 
$
0.02

 
$
0.03

   Income (loss) from discontinued operations
$
(0.01
)
 
$
0.03

 
$
—

 
$
—

     Net income per common share
$
0.03

 
$
0.04

 
$
0.02

 
$
0.03

Diluted income per common share attributable to Kratos:
 
 
 
 
 
 
 
   Income from continuing operations
$
0.03

 
$
0.01

 
$
0.02

 
$
0.03

   Income from discontinued operations
$
—

 
$
0.03

 
$
—

 
$
—

     Net income per common share
$
0.03

 
$
0.04

 
$
0.02

 
$
0.03


 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
Fiscal year 2018
 
 
 
 
 
 
 
Revenues
$
143.0

 
$
151.2

 
$
159.4

 
$
164.4

Gross profit
40.8

 
39.3

 
44.1

 
45.5

Operating income
7.0

 
2.6

 
10.1

 
10.8

Provision for income taxes
0.9

 
0.1

 
3.4

 
0.2

Income (loss) from continuing operations
1.3

 
(3.8
)
 
1.4

 
5.2

Income (loss) from discontinued operations
(3.5
)
 
(3.9
)
 
0.3

 
(0.5
)
Net income (loss)
$
(2.2
)
 
$
(7.7
)
 
$
1.7

 
$
4.7

Basic income (loss) per common share:
 
 
 
 
 
 
 
  Income (loss) from continuing operations
$
0.01

 
$
(0.04
)
 
$
0.01

 
$
0.05

  Income (loss) from discontinued operations
$
(0.03
)
 
$
(0.03
)
 
$
0.01

 
$
—

     Net income (loss) per common share
$
(0.02
)
 
$
(0.07
)
 
$
0.02

 
$
0.05

Diluted income (loss) per common share:
 
 
 
 
 
 
 
  Income (loss) from continuing operations
$
0.01

 
$
(0.04
)
 
$
0.01

 
$
0.05

  Income (loss) from discontinued operations
$
(0.03
)
 
$
(0.03
)
 
$
0.01

 
$
(0.01
)
     Net income (loss) per common share
$
(0.02
)
 
$
(0.07
)
 
$
0.02

 
$
0.04