XML 12 R2.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 27, 2020
Jun. 28, 2020
Mar. 29, 2020
Dec. 31, 2019
Sep. 29, 2019
Jun. 30, 2019
Mar. 31, 2019
Jun. 28, 2020
Sep. 27, 2020
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]                          
Revenues $ 787,833 $ 666,240 $ 643,303 $ 617,253 $ 697,085 $ 697,717 $ 695,607 $ 673,484 $ 1,260,556 $ 1,926,795 $ 2,714,628 $ 2,763,893 $ 2,608,562
Cost of revenues 623,390 512,877 496,678 465,208 559,940 565,703 540,772 517,159 961,886 1,474,763 2,098,153 2,183,574 1,991,622
Selling, general and administrative expenses   119,168 105,451 137,326         242,777 361,945 498,827 530,080 536,019
Amortization of intangible assets   8,047 8,047 8,047         16,094 24,141 34,154 33,205 35,780
Total operating expenses   640,092 610,176 610,581         1,220,757 1,860,849 2,631,134 2,746,859 2,563,421
Program profit   26,148 33,127 6,672         39,799 65,946 83,494 17,034 45,141
Other operating income, net   2,384 1,168 785         1,954 4,338 7,272 9,785 4,980
Operating income $ 20,482 28,532 34,295 7,457 (3,167) (10,525) 26,158 14,353 41,753 70,284 90,766 26,819 50,121
Interest expense, net   (13,607) (13,757) (20,948)         (34,705) (48,312) (73,857) (86,011) (84,360)
Other income, net   5,000 (19,467) 30,112         10,645 15,645 12,645 0 0
Income (loss) before income taxes   19,925 1,071 16,621         17,693 37,617 29,554 (59,192) (34,239)
Expense (benefit) from income taxes   4,194 3,752 (9,529)         (5,776) (1,582) 2,268 (9,131) (2,661)
Net income (loss)   15,731 (2,681) 26,150 $ (16,664) $ (31,625) $ 3,388 $ (5,160) 23,469 39,199 27,286 (50,061) (31,578)
Noncontrolling interest in earnings of ventures   413 765 166         931 1,344 (1,464) (252) 2,881
Net income (loss)   $ 15,318 $ (3,446) $ 25,984         $ 22,538 $ 37,855 $ 28,750 $ (49,809) $ (34,459)
Net income (loss) per share attributed to PAE Incorporated:                          
Basic (in dollars per share)   $ 0.17 $ (0.04) $ 0.43         $ 0.30 $ 0.47 $ 0.34 $ (2.36) $ (1.63)
Diluted (in dollars per share)   $ 0.16 $ (0.04) $ 0.43         $ 0.30 $ 0.46 $ 0.34 $ (2.36) $ (1.63)
Weighted average shares outstanding:                          
Basic (in shares)   92,070,306 92,044,098 59,807,549         75,890,028 81,323,258 84,114,016 21,127,823 21,127,823
Diluted (in shares)   93,392,565 92,787,379 59,807,549         76,273,931 82,115,825 85,369,328 21,127,823 21,127,823