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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenue        
Products $ 7,942 $ 16,837 $ 23,765 $ 49,394
Services 33,203 31,320 65,357 67,611
Total revenue 41,145 48,157 89,122 117,005
Costs and expenses        
Cost of sales - Products 6,505 14,314 18,958 43,658
Cost of sales - Services 23,319 23,445 46,945 53,691
Total costs and expenses 29,824 37,759 65,903 97,349
Selling, general and administrative expenses 7,976 7,297 15,805 15,473
Operating income 3,345 3,101 7,414 4,183
Other income (expense)        
Other income 253 15 281 41
Interest expense (1,462) (1,531) (2,920) (3,220)
Income before income taxes 2,136 1,585 4,775 1,004
Provision for income taxes (Note 8) (951) (818) (2,307) (497)
Net income 1,185 767 2,468 507
Less: Net income attributable to non-controlling interest (Note 2) (405) (385) (572) (289)
Net income attributable to Telos Corporation $ 780 $ 382 $ 1,896 $ 218