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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (Q2) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Revenue              
Revenue $ 48,610 $ 36,048 $ 87,589 $ 67,214 $ 159,218 $ 138,016 $ 107,727
Costs and expenses              
Total costs and expenses 31,037 26,033 57,774 48,223 106,874 84,954 67,161
Selling, general and administrative expenses 12,507 10,437 24,346 20,795 47,319 44,048 40,152
Operating income (loss) 5,066 (422) 5,469 (1,804) 5,025 9,014 414
Other income (expense)              
Other income 4 188 12 193      
Interest expense (1,996) (1,740) (4,013) (3,500) (7,467) (7,258) (6,690)
Income (loss) before income taxes 3,074 (1,974) 1,468 (5,111) (2,241) 1,768 (6,265)
(Provision) benefit from income taxes (2) (20) 144 177 104 (31) 2,767
Net income (loss) 3,072 (1,994) 1,612 (4,934) (2,137) 1,737 (3,498)
Less: Net (income) loss attributable to non-controlling interest (Note 2) (2,806) 253 (3,590) (220) (4,264) (3,377) (2,335)
Net income (loss) attributable to Telos Corporation (1)(2) $ 266 $ (1,741) [1] $ (1,978) $ (5,154) (6,401) (1,640) (5,833)
Pro forma net earnings (loss) per share attributable to Telos Corporation, basic (unaudited) (in dollars per share) $ 0 $ 0 $ 0 $ 0      
Pro forma weighted-average shares of common stock outstanding, basic (unaudited) (in shares) 0 0 0 0      
Pro forma net earnings (loss) per share attributable to Telos Corporation, diluted (unaudited) (in dollars per share) $ 0 $ 0 $ 0 $ 0      
Pro forma weighted-average shares of common stock outstanding, diluted (unaudited) (in shares) 0 0 0 0      
Class A Common Stock [Member]              
Other income (expense)              
Net earnings (loss) per share attributable to Telos Corporation, basic (in dollars per share) $ 0.01 $ (0.04) $ (0.04) $ (0.11)      
Net earnings (loss) per share attributable to Telos Corporation, diluted (in dollars per share) $ 0.01 $ (0.04) $ (0.04) $ (0.11)      
Weighted-average shares of stock outstanding, basic (in shares) 44,580 43,394 44,259 43,064      
Weighted-average shares of stock outstanding, diluted (in dollars per share) 46,279 43,394 44,259 43,064      
Class B Common Stock [Member]              
Other income (expense)              
Net earnings (loss) per share attributable to Telos Corporation, basic (in dollars per share) $ 0.01 $ (0.04) $ (0.04) $ (0.11)      
Net earnings (loss) per share attributable to Telos Corporation, diluted (in dollars per share) $ 0.01 $ (0.04) $ (0.04) $ (0.11)      
Weighted-average shares of stock outstanding, basic (in shares) 4,038 4,038 4,038 4,038      
Weighted-average shares of stock outstanding, diluted (in dollars per share) 4,038 4,038 4,038 4,038      
Service [Member]              
Revenue              
Revenue $ 45,486 $ 34,377 $ 80,044 $ 62,414 143,581 120,990 81,606
Costs and expenses              
Total costs and expenses 29,378 25,203 54,243 45,394 98,772 76,857 49,965
Product [Member]              
Revenue              
Revenue 3,124 1,671 7,545 4,800 15,637 17,026 26,121
Costs and expenses              
Total costs and expenses $ 1,659 $ 830 $ 3,531 $ 2,829 $ 8,102 $ 8,097 $ 17,196
[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.