Acquisitions (Tables)

6 Months Ended

Jun. 27, 2021

Business Combination and Asset Acquisition [Abstract]

Assets acquired and liabilities assumed

The following table summarizes the allocation of the purchase price over the estimated fair values of the major assets acquired and liabilities assumed (in millions):

Accounts receivable	$	5.7
Unbilled receivables	0.9
Inventoried costs	10.4
Other current assets	1.8
Property and equipment	10.0
Intangible assets	4.3
Goodwill	10.8
Total identifiable net assets acquired	43.9
Total identifiable net liabilities assumed	(11.0)
Net assets acquired, excluding cash	$	32.9

Schedule of business acquisitions by acquisition, contingent consideration

A summary of the consideration paid for the acquired ownership in ASC Signal is as follows:

Cash paid	$	34.9
Less: Cash acquired	(2.0)
Total consideration	$	32.9

Business acquisition, pro forma information

For the six months ended June 28, 2020 (all amounts, except per share amounts, are in millions):

Pro forma revenues	$	357.1
Pro forma net loss before tax	$	(8.3)
Pro forma net loss	$	(5.9)
Pro forma net loss attributable to Kratos	$	(5.8)
Basic pro forma loss per share attributable to Kratos	$	(0.05)
Diluted pro forma loss per share attributable to Kratos	$	(0.05)