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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 26, 2021
Sep. 27, 2020
Sep. 26, 2021
Sep. 27, 2020
Total revenues $ 200.6 $ 202.0 $ 599.9 $ 541.3
Total costs 140.0 144.9 436.3 392.4
Gross profit 60.6 57.1 163.6 148.9
Selling, general and administrative expenses 41.8 36.3 117.9 107.2
Merger and acquisition expenses 0.3 0.1 0.6 1.5
Research and development expenses 8.0 7.7 26.2 19.4
Restructuring expenses and other 0.0 0.3 0.2 0.5
Operating income 10.5 12.7 18.7 20.3
Other expense:        
Interest expense, net (5.9) (5.9) (17.5) (16.9)
Other income, net 0.0 0.8 0.2 0.6
Total other expense, net (5.9) (5.1) (17.3) (16.3)
Income from continuing operations before income taxes 4.6 7.6 1.4 4.0
Provision (benefit) for income taxes from continuing operations 5.7 5.0 (0.6) 1.8
Income (loss) from continuing operations (1.1) 2.6 2.0 2.2
Loss from discontinued operations before income taxes (1.0) (0.2) (1.4) (1.0)
Income tax benefit 0.2 0.0 0.3 0.2
Loss from discontinued operations (0.8) (0.2) (1.1) (0.8)
Net income (loss) (1.9) 2.4 0.9 1.4
Less: Net income (loss) attributable to noncontrolling interest 0.5 0.0 0.3 (0.1)
Net income (loss) attributable to Kratos $ (2.4) $ 2.4 $ 0.6 $ 1.5
Basic income (loss) per common share attributable to Kratos:        
Income from continuing operations (in dollars per share) $ (0.01) $ 0.02 $ 0.01 $ 0.02
Loss from discontinued operations (in dollars per share) (0.01) 0 (0.01) (0.01)
Net income per common share (in dollars per share) (0.02) 0.02 0 0.01
Diluted income (loss) per common share attributable to Kratos:        
Income from continuing operations (in dollars per share) (0.01) 0.02 0.01 0.02
Loss from discontinued operations (in dollars per share) (0.01) 0 (0.01) (0.01)
Net income per common share (in dollars per share) $ (0.02) $ 0.02 $ 0 $ 0.01
Weighted average common shares outstanding:        
Basic (in shares) 124.9 123.1 124.6 112.9
Diluted (in shares) 124.9 126.4 127.9 115.9
Service revenues        
Total revenues $ 51.6 $ 67.6 $ 166.9 $ 194.1
Total costs 35.5 50.5 119.3 141.9
Product sales        
Total revenues 149.0 134.4 433.0 347.2
Total costs $ 104.5 $ 94.4 $ 317.0 $ 250.5