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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 28, 2020
Jun. 30, 2019
Jun. 28, 2020
Jun. 30, 2019
Total revenues $ 170.4 $ 187.9 $ 339.3 $ 348.3
Total costs 124.4 139.8 247.5 255.3
Gross profit 46.0 48.1 91.8 93.0
Selling, general and administrative expenses 36.0 33.7 70.9 65.2
Merger and acquisition expenses 1.0 0.6 1.4 1.8
Research and development expenses 6.0 4.5 11.7 8.4
Restructuring expenses and other 0.1 0.3 0.2 0.4
Operating income from continuing operations 2.9 9.0 7.6 17.2
Other expense:        
Interest expense, net (5.6) (5.3) (11.0) (10.8)
Other income (expense), net 0.3 0.1 (0.2) (0.4)
Total other expense, net (5.3) (5.2) (11.2) (11.2)
Income (loss) from continuing operations before income taxes (2.4) 3.8 (3.6) 6.0
Provision (benefit) for income taxes from continuing operations (1.8) 2.5 (3.2) 1.0
Income (loss) from continuing operations (0.6) 1.3 (0.4) 5.0
Discontinued operations:        
Income (loss) from operations of discontinued component (0.4) 2.9 (0.8) 2.4
Income tax benefit 0.2 0.1 0.2 0.0
Income (loss) from discontinued operations (0.2) 3.0 (0.6) 2.4
Net income (loss) (0.8) 4.3 (1.0) 7.4
Less: Net income (loss) attributable to noncontrolling interest (0.1) 0.4 (0.1) 0.4
Net income (loss) attributable to Kratos $ (0.7) $ 3.9 $ (0.9) $ 7.0
Basic income (loss) per common share attributable to Kratos:        
Income (loss) from continuing operations (in dollars per share) $ (0.01) $ 0.01 $ 0 $ 0.04
Income (loss) from discontinued operations (in dollars per share) 0 0.03 (0.01) 0.02
Net income (loss) per common share (in dollars per share) (0.01) 0.04 (0.01) 0.06
Diluted income (loss) per common share attributable to Kratos:        
Income (loss) from continuing operations (in dollars per share) (0.01) 0.01 0 0.04
Income (loss) from discontinued operations (in dollars per share) 0 0.03 (0.01) 0.02
Net income (loss) per common share (in dollars per share) $ (0.01) $ 0.04 $ (0.01) $ 0.06
Weighted average common shares outstanding:        
Basic (in shares) 108.3 106.1 107.8 105.5
Diluted (in shares) 108.3 109.4 107.8 108.6
Comprehensive Income (Loss)        
Net income (loss) (from above) $ (0.8) $ 4.3 $ (1.0) $ 7.4
Change in cumulative translation adjustment (0.3) (0.1) (0.1) (0.1)
Comprehensive income (loss) (1.1) 4.2 (1.1) 7.3
Less: Comprehensive income (loss) attributable to noncontrolling interest (0.1) 0.4 (0.1) 0.4
Comprehensive income (loss) attributable to Kratos (1.0) 3.8 (1.0) 6.9
Service revenues        
Total revenues 62.9 73.7 126.5 136.3
Total costs 46.2 50.6 91.4 92.6
Product sales        
Total revenues 107.5 114.2 212.8 212.0
Total costs $ 78.2 $ 89.2 $ 156.1 $ 162.7