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Acquisitions (Tables) | 6 Months Ended
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Jun. 28, 2020
Business Combinations [Abstract] |
Assets acquired and liabilities assumed | The following table summarizes the allocation of the purchase price over the estimated fair values of the major assets acquired, liabilities assumed, and noncontrolling interest (in millions):
Accounts receivable |  | $ | 8.1 |
Unbilled receivables |  | 4.9 |
Inventoried costs |  | 7.8 |
Other current assets |  | 1.8 |
Property and equipment |  | 5.7 |
Intangible assets |  | 30.8 |
Goodwill |  | 23.3 |
Total identifiable net assets acquired |  | 82.4 |
Total identifiable net liabilities assumed |  | (7.5) |
Net assets before noncontrolling interest |  | 74.9 |
Noncontrolling interest |  | (14.9) |
Net assets acquired, excluding cash |  | $ | 60.0 |
Consideration paid | A summary of the consideration paid for the acquired ownership in FTT is as follow:
Cash paid |  | $ | 20.7 |
Deferred purchase consideration |  | 15.3 |
Common stock issued |  | 27.0 |
|  | 63.0 |
Less: Cash acquired |  | (3.0) |
Total consideration |  | $ | 60.0 |
Pro forma information | For the six months ended June 30, 2019 (all amounts, except per share amounts, are in millions):
Pro forma revenues | $ | 356.4 |
Pro forma net income before tax | $ | 5.1 |
Pro forma net income | $ | 6.5 |
Pro forma net income attributable to Kratos | $ | 6.3 |
Basic pro forma income per share attributable to Kratos | $ | 0.06 |
Diluted pro forma income per share attributable to Kratos | $ | 0.06 |

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- Definition Tabular disclosure of contingent payment arrangements including the terms that will result in payment and the accounting treatment that will be followed if such contingencies occur, including the potential impact on earnings per share if contingencies are to be settled in common stock of the entity. The description also may include the period over which amounts are expected to be paid, and changes in the amount since the previous reporting period. This also includes contingent options and commitments. + References No definition available. + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121647850&loc=d3e4845-128472 + Details
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