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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 25, 2023
Jun. 26, 2022
Jun. 25, 2023
Jun. 26, 2022
Total revenues $ 256.9 $ 224.2 $ 488.7 $ 420.4
Total costs 193.0 166.4 365.4 310.7
Gross profit 63.9 57.8 123.3 109.7
Selling, general and administrative expenses 47.3 44.5 95.1 87.8
Merger and acquisition expenses 0.0 0.1 0.0 0.4
Research and development expenses 9.9 9.2 20.1 18.4
Restructuring expenses and other 0.0 5.9 0.9 6.2
Operating income (loss) 6.7 (1.9) 7.2 (3.1)
Other expense:        
Interest expense, net (5.1) (2.9) (10.4) (8.8)
Loss on extinguishment of debt 0.0 0.0 0.0 (13.0)
Other income (loss), net 0.2 0.0 (0.1) 0.1
Total other expense, net (4.9) (2.9) (10.5) (21.7)
Income (loss) from continuing operations before income taxes 1.8 (4.8) (3.3) (24.8)
Provision (benefit) for income taxes from continuing operations 2.4 0.5 3.1 (3.8)
Loss from continuing operations (0.6) (5.3) (6.4) (21.0)
Discontinued operations:        
Loss from discontinued operations before income taxes 0.0 0.0 0.0 (0.3)
Income tax benefit 0.2 0.9 0.2 1.0
Income from discontinued operations 0.2 0.9 0.2 0.7
Net loss (0.4) (4.4) (6.2) (20.3)
Less: Net income attributable to noncontrolling interest 2.3 0.3 3.5 0.3
Net loss attributable to Kratos $ (2.7) $ (4.7) $ (9.7) $ (20.6)
Basic and diluted loss per common share attributable to Kratos:        
Loss from continuing operations (in dollars per share) $ (0.02) $ (0.04) $ (0.08) $ (0.17)
Loss from continuing operations (in dollars per share) (0.02) (0.04) (0.08) (0.17)
Income from discontinued operations (in dollars per share) 0 0 0 0.01
Income from discontinued operations (in dollars per share) 0 0 0 0.01
Loss per common share (in dollars per share) (0.02) (0.04) (0.08) (0.16)
Loss per common share (in dollars per share) $ (0.02) $ (0.04) $ (0.08) $ (0.16)
Weighted average common shares outstanding:        
Basic (in shares) 129,100 126,400 128,900 126,200
Diluted (in shares) 129,100 126,400 128,900 126,200
Service revenues        
Total revenues $ 103.7 $ 78.8 $ 195.3 $ 146.7
Total costs 80.0 56.2 148.2 106.1
Product sales        
Total revenues 153.2 145.4 293.4 273.7
Total costs $ 113.0 $ 110.2 $ 217.2 $ 204.6