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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Oct. 01, 2023
Sep. 25, 2022
Oct. 01, 2023
Sep. 25, 2022
Total revenues $ 274.6 $ 228.6 $ 763.3 $ 649.0
Total costs 201.2 173.7 566.6 484.4
Gross profit 73.4 54.9 196.7 164.6
Selling, general and administrative expenses 50.9 48.5 146.0 136.3
Merger and acquisition expenses 0.0 0.2 0.0 0.6
Research and development expenses 10.3 9.6 30.4 28.0
Restructuring expenses and other 0.0 0.2 0.9 6.4
Operating income (loss) 12.2 (3.6) 19.4 (6.7)
Other expense:        
Interest expense, net (5.1) (4.1) (15.5) (12.9)
Loss on extinguishment of debt 0.0 0.0 0.0 (13.0)
Other expense, net (0.3) (1.1) (0.4) (1.0)
Total other expense, net (5.4) (5.2) (15.9) (26.9)
Income (loss) from continuing operations before income taxes 6.8 (8.8) 3.5 (33.6)
Provision (benefit) for income taxes from continuing operations 3.8 (0.8) 6.9 (4.6)
Income (loss) from continuing operations 3.0 (8.0) (3.4) (29.0)
Discontinued operations:        
Income (loss) from discontinued operations before income taxes 0.0 0.0 0.0 (0.3)
Income tax benefit 0.0 0.0 0.2 1.0
Income from discontinued operations 0.0 0.0 0.2 0.7
Net income (loss) 3.0 (8.0) (3.2) (28.3)
Less: Net income attributable to noncontrolling interest 4.6 0.0 8.1 0.3
Net loss attributable to Kratos $ (1.6) $ (8.0) $ (11.3) $ (28.6)
Basic and diluted loss per common share attributable to Kratos:        
Loss from continuing operations (in dollars per share) $ (0.01) $ (0.06) $ (0.09) $ (0.23)
Income from discontinued operations (in dollars per share) 0 0 0 0
Loss per common share (in dollars per share) $ (0.01) $ (0.06) $ (0.09) $ (0.23)
Basic weighted average common shares outstanding (in shares) 129.6 127.2 129.3 126.5
Diluted weighted average common shares outstanding (in shares) 129.6 127.2 129.3 126.5
Service revenues        
Total revenues $ 106.5 $ 88.6 $ 301.8 $ 235.3
Total costs 79.0 65.1 227.2 171.2
Product sales        
Total revenues 168.1 140.0 461.5 413.7
Total costs $ 122.2 $ 108.6 $ 339.4 $ 313.2