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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 27, 2020
Sep. 29, 2019
Sep. 27, 2020
Sep. 29, 2019
Total revenues $ 202.0 $ 184.1 $ 541.3 $ 532.4
Total costs 144.9 135.5 392.4 390.8
Gross profit 57.1 48.6 148.9 141.6
Selling, general and administrative expenses 36.3 32.5 107.2 97.7
Merger and acquisition expenses 0.1 0.1 1.5 1.9
Research and development expenses 7.7 4.6 19.4 13.0
Restructuring expenses and other 0.3 (0.1) 0.5 0.3
Operating income from continuing operations 12.7 11.5 20.3 28.7
Other expense:        
Interest expense, net (5.9) (5.4) (16.9) (16.2)
Other income (expense), net 0.8 (0.7) 0.6 (1.1)
Total other expense, net (5.1) (6.1) (16.3) (17.3)
Income from continuing operations before income taxes 7.6 5.4 4.0 11.4
Provision for income taxes from continuing operations 5.0 2.8 1.8 3.8
Income from continuing operations 2.6 2.6 2.2 7.6
Discontinued operations:        
Income(loss) from operations of discontinued component (0.2) 0.0 (1.0) 2.4
Income tax benefit 0.0 0.0 0.2 0.0
Income (loss) from discontinued operations (0.2) 0.0 (0.8) 2.4
Net income 2.4 2.6 1.4 10.0
Less: Net income (loss) attributable to noncontrolling interest 0.0 0.1 (0.1) 0.5
Net income attributable to Kratos $ 2.4 $ 2.5 $ 1.5 $ 9.5
Basic income per common share attributable to Kratos:        
Income from continuing operations (in dollars per share) $ 0.02 $ 0.02 $ 0.02 $ 0.07
Income (loss) from discontinued operations (in dollars per share) 0 0 (0.01) 0.02
Net income per common share (in dollars per share) 0.02 0.02 0.01 0.09
Diluted income per common share attributable to Kratos:        
Income from continuing operations (in dollars per share) 0.02 0.02 0.02 0.07
Income (loss) from discontinued operations (in dollars per share) 0 0 (0.01) 0.02
Net income per common share (in dollars per share) $ 0.02 $ 0.02 $ 0.01 $ 0.09
Weighted average common shares outstanding:        
Basic (in shares) 123.1 106.5 112.9 105.8
Diluted (in shares) 126.4 109.9 115.9 109.0
Comprehensive Income        
Net income (from above) $ 2.4 $ 2.6 $ 1.4 $ 10.0
Change in cumulative translation adjustment 0.9 (0.2) 0.8 (0.3)
Comprehensive income 3.3 2.4 2.2 9.7
Less: Comprehensive income (loss) attributable to noncontrolling interest 0.0 0.1 (0.1) 0.5
Comprehensive income attributable to Kratos 3.3 2.3 2.3 9.2
Service revenues        
Total revenues 67.6 70.8 194.1 207.1
Total costs 50.5 50.2 141.9 142.8
Product sales        
Total revenues 134.4 113.3 347.2 325.3
Total costs $ 94.4 $ 85.3 $ 250.5 $ 248.0