XML 38 R27.htm IDEA: XBRL DOCUMENT
v3.22.2

Leases (Tables) | 6 Months Ended
--- | ---
Jun. 26, 2022
Leases [Abstract] |
Schedule of lease cost | The components of lease expense were as follows (in millions):
| Three Months Ended |  | Six Months Ended
| June 26, 2022 |  | June 27, 2021 |  | June 26, 2022 |  | June 27, 2021
Amortization of right of use assets - finance leases | $ | 0.6 |  |  | $ | 0.6 |  |  | $ | 1.3 |  |  | $ | 1.1 |
Interest on lease liabilities - finance leases | 0.7 |  |  | 0.7 |  |  | 1.4 |  |  | 1.3 |
Operating lease cost | 3.3 |  |  | 2.8 |  |  | 6.6 |  |  | 5.7 |
Short-term lease cost | 0.2 |  |  | 0.2 |  |  | 0.4 |  |  | 0.4 |
Variable lease cost (cost excluded from lease payments) | 0.1 |  |  | 0.1 |  |  | 0.1 |  |  | 0.1 |
Sublease income | — |  |  | (0.1) |  |  | — |  |  | (0.1) |
Total lease cost | $ | 4.9 |  |  | $ | 4.3 |  |  | $ | 9.8 |  |  | $ | 8.5 |
Cash paid for amounts included in the measurement of lease liabilities was as follows (in millions):
| Three Months Ended |  | Six Months Ended
| June 26, 2022 |  | June 27, 2021 |  | June 26, 2022 |  | June 27, 2021
Finance lease - cash paid for interest | $ | 0.7 |  |  | $ | 0.7 |  |  | $ | 1.4 |  |  | $ | 1.3 |
Finance lease - financing cash flows | $ | 0.3 |  |  | $ | 0.2 |  |  | $ | 0.6 |  |  | $ | 0.4 |
Operating lease - operating cash flows (fixed payments) | $ | 3.4 |  |  | $ | 3.0 |  |  | $ | 6.8 |  |  | $ | 5.8 |
Other supplemental noncash information (in millions):
| Three Months Ended |  | Six Months Ended
| June 26, 2022 |  | June 27, 2021 |  | June 26, 2022 |  | June 27, 2021
Operating lease liabilities arising from obtaining right-of-use assets | $ | 1.3 |  |  | $ | 1.7 |  |  | $ | 5.0 |  |  | $ | 1.9 |
Finance lease liabilities arising from obtaining right-of-use assets | $ | 9.1 |  |  | $ | — |  |  | $ | 9.1 |  |  | $ | — |
|  |  |  |  | June 26, 2022 |  | June 27, 2021
Weighted-average remaining lease term (in years): |  |  |  |  |  |
Operating leases |  |  |  |  | 4.32 |  | 5.09
Finance leases |  |  |  |  | 15.56 |  | 17.22
Weighted-average discount rate: |  |  |  |  |  |  |
Operating leases |  |  |  |  | 6.44 | % |  | 6.50 | %
Finance leases |  |  |  |  | 6.03 | % |  | 6.51 | %
Schedule of balance sheet information | The components of leases on the balance sheet were as follows (in millions):
| June 26, 2022 |  | December 26, 2021
Operating leases: |  |  |
Operating lease right-of-use assets | $ | 38.1 |  |  | $ | 38.5 |
Current portion of operating lease liabilities | $ | 10.6 |  |  | $ | 10.1 |
Operating lease liabilities, net of current portion | $ | 31.5 |  |  | $ | 32.7 |
Finance leases: |  |  |
Property, plant and equipment, net | $ | 46.8 |  |  | $ | 39.0 |
Other current liabilities | $ | 1.7 |  |  | $ | 1.2 |
Other long-term liabilities | $ | 51.3 |  |  | $ | 43.2 |
Schedule of maturities of operating lease liabilities | The maturity of lease liabilities is (in millions):
| Operating Leases |  | Finance Leases
2022 (1) | $ | 6.5 |  |  | $ | 2.7 |
2023 | 12.8 |  |  | 4.8 |
2024 | 10.1 |  |  | 4.9 |
2025 | 8.5 |  |  | 4.9 |
2026 | 5.0 |  |  | 5.0 |
Thereafter | 5.4 |  |  | 60.8 |
Total lease payments | 48.3 |  |  | 83.1 |
Less: imputed interest | (6.2) |  |  | (30.1) |
Total present value of lease liabilities | $ | 42.1 |  |  | $ | 53.0 |
(1) Excludes the six months ended June 26, 2022. |  |  |
Schedule of maturities of financing lease liabilities | The maturity of lease liabilities is (in millions):
| Operating Leases |  | Finance Leases
2022 (1) | $ | 6.5 |  |  | $ | 2.7 |
2023 | 12.8 |  |  | 4.8 |
2024 | 10.1 |  |  | 4.9 |
2025 | 8.5 |  |  | 4.9 |
2026 | 5.0 |  |  | 5.0 |
Thereafter | 5.4 |  |  | 60.8 |
Total lease payments | 48.3 |  |  | 83.1 |
Less: imputed interest | (6.2) |  |  | (30.1) |
Total present value of lease liabilities | $ | 42.1 |  |  | $ | 53.0 |
(1) Excludes the six months ended June 26, 2022. |  |  |

X
- Definition Assets And Liabilities, Lessee [Table Text Block] + References No definition available. + Details
Name: | ktos_AssetsAndLiabilitiesLesseeTableTextBlock
Namespace Prefix: | ktos_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980 + Details
Name: | us-gaap_FinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918686-209980 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=128292326&loc=SL77918701-209980 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration