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Summary of Selected Quarterly Financial Data (Unaudited) (FY) (Tables) | 12 Months Ended
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Dec. 31, 2019
Summary of Selected Quarterly Financial Data (Unaudited) [Abstract] |
Selected Quarterly Financial Data | The following is a summary of selected quarterly financial data for the previous two fiscal years (in thousands):
|  | Quarters Ended |
|  | March 31 |  |  | June 30 |  |  | Sept. 30 |  |  | Dec. 31 |
2019 |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 31,166 |  |  | $ | 36,048 |  |  | $ | 45,531 |  |  | $ | 46,473 |
Gross profit |  |  | 8,976 |  |  |  | 10,015 |  |  |  | 16,313 |  |  |  | 17,040 |
(Loss) income before income taxes and non-controlling interest |  |  | (3,137 | ) |  |  | (1,974 | ) |  |  | 3,708 |  |  |  | (838 | )
Net (loss) income attributable to Telos Corporation (1)(2) |  |  | (3,413 | ) |  |  | (1,741 | ) |  |  | 2,233 |  |  |  | (3,480 | )
Weighted Average Common Shares Outstanding, Class A, Basic |  |  | 42,731 |  |  |  | 43,394 |  |  |  | 43,937 |  |  |  | 43,937 |
Weighted Average Common Shares Outstanding, Class B, Basic |  |  | 4,038 |  |  |  | 4,038 |  |  |  | 4,038 |  |  |  | 4,038 |
Weighted Average Common Shares Outstanding, Class A, Diluted |  |  | 42,731 |  |  |  | 43,394 |  |  |  | 46,279 |  |  |  | 43,937 |
Weighted Average Common Shares Outstanding, Class B, Diluted |  |  | 4,038 |  |  |  | 4,038 |  |  |  | 4,038 |  |  |  | 4,038 |
Earnings per Share, Class A - Basic |  |  | (0.07 | ) |  |  | (0.04 | ) |  |  | 0.05 |  |  |  | (0.07 | )
Earnings per Share, Class B - Basic |  |  | (0.07 | ) |  |  | (0.04 | ) |  |  | 0.05 |  |  |  | (0.07 | )
Earnings per Share, Class A - Diluted |  |  | (0.07 | ) |  |  | (0.04 | ) |  |  | 0.04 |  |  |  | (0.07 | )
Earnings per Share, Class B - Diluted |  |  | (0.07 | ) |  |  | (0.04 | ) |  |  | 0.04 |  |  |  | (0.07 | )
2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 32,401 |  |  | $ | 34,943 |  |  | $ | 34,695 |  |  | $ | 35,977 |
Gross profit |  |  | 10,232 |  |  |  | 12,078 |  |  |  | 16,287 |  |  |  | 14,465 |
(Loss) income before income taxes and non-controlling interest |  |  | (1,693 | ) |  |  | 450 |  |  |  | 4,722 |  |  |  | (1,711 | )
Net (loss) income attributable to Telos Corporation (1)(3) |  |  | (1,986 | ) |  |  | (87 | ) |  |  | 4,113 |  |  |  | (3,680 | )
Weighted Average Common Shares Outstanding, Class A, Basic |  |  | 41,490 |  |  |  | 42,172 |  |  |  | 42,731 |  |  |  | 42,731 |
Weighted Average Common Shares Outstanding, Class B, Basic |  |  | 4,038 |  |  |  | 4,038 |  |  |  | 4,038 |  |  |  | 4,038 |
Weighted Average Common Shares Outstanding, Class A, Diluted |  |  | 41,490 |  |  |  | 42,172 |  |  |  | 46,310 |  |  |  | 42,731 |
Weighted Average Common Shares Outstanding, Class B, Diluted |  |  | 4,038 |  |  |  | 4,038 |  |  |  | 4,038 |  |  |  | 4,038 |
Earnings per Share, Class A - Basic |  |  | (0.04 | ) |  |  | (0.00 | ) |  |  | 0.09 |  |  |  | (0.08 | )
Earnings per Share, Class B - Basic |  |  | (0.04 | ) |  |  | (0.00 | ) |  |  | 0.09 |  |  |  | (0.08 | )
Earnings per Share, Class A - Diluted |  |  | (0.04 | ) |  |  | (0.00 | ) |  |  | 0.08 |  |  |  | (0.08 | )
Earnings per Share, Class B - Diluted |  |  | (0.04 | ) |  |  | (0.00 | ) |  |  | 0.08 |  |  |  | (0.08 | )
(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.
(2) | Net income for the third quarter of 2019 is attributable to $2.6 million in proprietary software sales which carry lower cost of sales.
(3) | Net income for the third quarter of 2018 included $5.6 million of revenue accruals for multiple contracts as a result of several years of cumulative indirect rate adjustments which did not include direct costs in Secure Mobility and Network Management/Defense Enterprise Solutions deliverables.

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121640914&loc=d3e1280-108306 + Details
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