XML 27 R42.htm IDEA: XBRL DOCUMENT v2.4.1.9
Summary of Selected Quarterly Financial Data (Unaudited) (Details) (USD $)
 3 Months Ended 12 Months Ended
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Summary of Selected Quarterly Financial Data (Unaudited) [Abstract]                      
Revenue $ 29,902,000us-gaap_SalesRevenueNet $ 38,507,000us-gaap_SalesRevenueNet $ 29,009,000us-gaap_SalesRevenueNet $ 30,144,000us-gaap_SalesRevenueNet $ 55,323,000us-gaap_SalesRevenueNet $ 49,279,000us-gaap_SalesRevenueNet $ 55,214,000us-gaap_SalesRevenueNet $ 47,578,000us-gaap_SalesRevenueNet $ 127,562,000us-gaap_SalesRevenueNet $ 207,394,000us-gaap_SalesRevenueNet $ 226,096,000us-gaap_SalesRevenueNet
Gross profit 5,611,000us-gaap_GrossProfit 7,504,000us-gaap_GrossProfit 5,396,000us-gaap_GrossProfit 6,442,000us-gaap_GrossProfit 12,899,000us-gaap_GrossProfit 8,799,000us-gaap_GrossProfit 8,884,000us-gaap_GrossProfit 8,018,000us-gaap_GrossProfit      
Income before income taxes and non-controlling interest (2,819,000)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest (3,611,000)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest (5,384,000)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest (4,786,000)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 3,727,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest (291,000)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest (502,000)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest (2,067,000)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest (16,600,000)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 867,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 16,725,000us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Net income (loss) attributable to Telos Corporation (1,609,000)us-gaap_NetIncomeLoss [1],[2] (774,000)us-gaap_NetIncomeLoss [1],[2] (4,346,000)us-gaap_NetIncomeLoss [1],[2] (5,559,000)us-gaap_NetIncomeLoss [1],[2] (5,778,000)us-gaap_NetIncomeLoss [1] 3,706,000us-gaap_NetIncomeLoss [1] 454,000us-gaap_NetIncomeLoss [1] (1,000,000)us-gaap_NetIncomeLoss [1] (12,288,000)us-gaap_NetIncomeLoss (2,618,000)us-gaap_NetIncomeLoss 7,435,000us-gaap_NetIncomeLoss
Adjustment to income tax expense         $ 9,100,000us-gaap_IncomeTaxCreditsAndAdjustments            
[1] Changes in net income are the result of several factors, including seasonality of the government year-end buying season, as well as the nature and timing of other deliverables.
[2] ASC 740-270 requires the use of an annualized effective tax rate approach in estimating taxes for interim periods. Changes in projected profits and losses can affect the effective tax rate from one period to another. The Company realized significant pre-tax profits during the fourth quarter which produced a tax provision of $9.1 million for the fourth quarter. Through the nine months ended September 30, 2013, the Company properly recorded a benefit for income taxes in accordance with applying the annualized effective tax rate approach to its nine months' pre-tax loss.