XML 19 R25.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Quarterly Financial Data (Unaudited) | 12 Months Ended
--- | ---
Dec. 29, 2019
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Data (Unaudited) | Quarterly Financial Data (Unaudited) The following financial information reflects all normal and recurring adjustments that are, in the opinion of management, necessary for a fair statement of the results of the interim periods. As discussed in “Discontinued Operations” in Note 9 of these notes to consolidated financial statements, the Company began reporting the PSS business as discontinued operations effective in the first quarter of fiscal 2018. Accordingly, the financial results for the PSS business have been reported in discontinued operations for all periods presented. Summarized quarterly data for the years ended December 29, 2019 and December 30, 2018, is as follows (in millions, except per share data):
| First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
Fiscal year 2019 |  |  |  |  |  |  |
Revenues | $ | 160.4 |  |  | $ | 187.9 |  |  | $ | 184.1 |  |  | $ | 185.1 |
Gross profit | 44.9 |  |  | 48.1 |  |  | 48.6 |  |  | 48.4 |
Operating income | 8.2 |  |  | 9.0 |  |  | 11.5 |  |  | 9.3 |
Provision (benefit) for income taxes | (1.5 | ) |  | 2.5 |  |  | 2.8 |  |  | 1.0 |
Income from continuing operations | 3.7 |  |  | 1.3 |  |  | 2.6 |  |  | 3.3 |
Income (loss) from discontinued operations | (0.6 | ) |  | 3.0 |  |  | — |  |  | (0.7 | )
Net income | $ | 3.1 |  |  | $ | 4.3 |  |  | $ | 2.6 |  |  | $ | 2.6 |
Less: Net income (loss) attributable to noncontrolling interest | — |  |  | 0.4 |  |  | 0.1 |  |  | (0.4 | )
Net income attributable to Kratos | 3.1 |  |  | 3.9 |  |  | 2.5 |  |  | 3.0 |
Basic income (loss) per common share attributable to Kratos: |  |  |  |  |  |  |
Income from continuing operations | $ | 0.04 |  |  | $ | 0.01 |  |  | $ | 0.02 |  |  | $ | 0.03 |
Income (loss) from discontinued operations | $ | (0.01 | ) |  | $ | 0.03 |  |  | $ | — |  |  | $ | — |
Net income per common share | $ | 0.03 |  |  | $ | 0.04 |  |  | $ | 0.02 |  |  | $ | 0.03 |
Diluted income per common share attributable to Kratos: |  |  |  |  |  |  |
Income from continuing operations | $ | 0.03 |  |  | $ | 0.01 |  |  | $ | 0.02 |  |  | $ | 0.03 |
Income from discontinued operations | $ | — |  |  | $ | 0.03 |  |  | $ | — |  |  | $ | — |
Net income per common share | $ | 0.03 |  |  | $ | 0.04 |  |  | $ | 0.02 |  |  | $ | 0.03 |
| First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
Fiscal year 2018 |  |  |  |  |  |  |
Revenues | $ | 143.0 |  |  | $ | 151.2 |  |  | $ | 159.4 |  |  | $ | 164.4 |
Gross profit | 40.8 |  |  | 39.3 |  |  | 44.1 |  |  | 45.5 |
Operating income | 7.0 |  |  | 2.6 |  |  | 10.1 |  |  | 10.8 |
Provision for income taxes | 0.9 |  |  | 0.1 |  |  | 3.4 |  |  | 0.2 |
Income (loss) from continuing operations | 1.3 |  |  | (3.8 | ) |  | 1.4 |  |  | 5.2 |
Income (loss) from discontinued operations | (3.5 | ) |  | (3.9 | ) |  | 0.3 |  |  | (0.5 | )
Net income (loss) | $ | (2.2 | ) |  | $ | (7.7 | ) |  | $ | 1.7 |  |  | $ | 4.7 |
Basic income (loss) per common share: |  |  |  |  |  |  |
Income (loss) from continuing operations | $ | 0.01 |  |  | $ | (0.04 | ) |  | $ | 0.01 |  |  | $ | 0.05 |
Income (loss) from discontinued operations | $ | (0.03 | ) |  | $ | (0.03 | ) |  | $ | 0.01 |  |  | $ | — |
Net income (loss) per common share | $ | (0.02 | ) |  | $ | (0.07 | ) |  | $ | 0.02 |  |  | $ | 0.05 |
Diluted income (loss) per common share: |  |  |  |  |  |  |
Income (loss) from continuing operations | $ | 0.01 |  |  | $ | (0.04 | ) |  | $ | 0.01 |  |  | $ | 0.05 |
Income (loss) from discontinued operations | $ | (0.03 | ) |  | $ | (0.03 | ) |  | $ | 0.01 |  |  | $ | (0.01 | )
Net income (loss) per common share | $ | (0.02 | ) |  | $ | (0.07 | ) |  | $ | 0.02 |  |  | $ | 0.04 |

X
- References No definition available. + Details
Name: | us-gaap_QuarterlyFinancialInformationDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
Name: | us-gaap_QuarterlyFinancialInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration