10-Q Filing

KRATOS DEFENSE & SECURITY SOLUTIONS, INC. CIK: 1069258 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001069258-21-000022`
Period End Date	20210331
Filing Date	20210505
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	ktos-20210328_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 90 Income Statement 52 Cash Flow Statement 74 Stockholders Equity 22 Comprehensive Income 10

Balance Sheet 90 line items

Line Item	Tag	Value	Unit	Period
Par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$380.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$383.60M	USD	Point-in-time
Shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$700.00K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$95.30M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$85.70M	USD	Point-in-time
Unbilled receivables, net	`UnbilledReceivablesCurrent`	$177.00M	USD	Point-in-time
Unbilled receivables, net	`UnbilledReceivablesCurrent`	$178.90M	USD	Point-in-time
Par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Shares authorized (in shares)	`CommonStockSharesAuthorized`	195.00M	shares	Point-in-time
Shares authorized (in shares)	`CommonStockSharesAuthorized`	195.00M	shares	Point-in-time
Inventoried costs	`InventoryNetOfAllowancesCustomerAdvancesAndProgressBillings`	$85.70M	USD	Point-in-time
Inventoried costs	`InventoryNetOfAllowancesCustomerAdvancesAndProgressBillings`	$81.20M	USD	Point-in-time
Shares issued (in shares)	`CommonStockSharesIssued`	123.05M	shares	Point-in-time
Shares issued (in shares)	`CommonStockSharesIssued`	123.74M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$13.50M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$12.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$17.80M	USD	Point-in-time
Shares outstanding (in shares)	`CommonStockSharesOutstanding`	123.05M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$21.20M	USD	Point-in-time
Shares outstanding (in shares)	`CommonStockSharesOutstanding`	123.74M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$764.80M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$768.60M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$146.90M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$143.80M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$42.90M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$40.80M	USD	Point-in-time
Goodwill	`Goodwill`	$483.70M	USD	Point-in-time
Goodwill	`Goodwill`	$483.90M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$43.00M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$41.60M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$84.40M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$83.60M	USD	Point-in-time
Total assets	`Assets`	$1.57B	USD	Point-in-time
Total assets	`Assets`	$1.56B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$51.90M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$55.40M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$34.70M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$32.00M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$54.20M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$48.10M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$1.50M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$6.40M	USD	Point-in-time
Billings in excess of costs and earnings on uncompleted contracts	`BillingsInExcessOfCost1`	$34.00M	USD	Point-in-time
Billings in excess of costs and earnings on uncompleted contracts	`BillingsInExcessOfCost1`	$41.10M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$8.90M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$8.90M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$11.90M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$13.00M	USD	Point-in-time
Current liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$3.10M	USD	Point-in-time
Current liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$2.70M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrentIncludingDeferredIncomeTaxLiabilitiesNet`	$197.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrentIncludingDeferredIncomeTaxLiabilitiesNet`	$210.20M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$300.30M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$301.00M	USD	Point-in-time
Operating lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$38.60M	USD	Point-in-time
Operating lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$36.40M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$72.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$83.00M	USD	Point-in-time
Long-term liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	$2.50M	USD	Point-in-time
Long-term liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent`	$2.50M	USD	Point-in-time
Total liabilities	`Liabilities`	$621.40M	USD	Point-in-time
Total liabilities	`Liabilities`	$622.70M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Redeemable noncontrolling interest	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$14.80M	USD	Point-in-time
Redeemable noncontrolling interest	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$14.80M	USD	Point-in-time
Preferred stock, $0.001 par value, 5,000,000 shares authorized, 0 shares outstanding at March 28, 2021 and December 27, 2020	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value, 5,000,000 shares authorized, 0 shares outstanding at March 28, 2021 and December 27, 2020	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value, 195,000,000 shares authorized; 123,738,251 and 123,047,147 shares issued and outstanding at March 28, 2021 and December 27, 2020, respectively	`CommonStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value, 195,000,000 shares authorized; 123,738,251 and 123,047,147 shares issued and outstanding at March 28, 2021 and December 27, 2020, respectively	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.56B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.56B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.40M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.60M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-632.40M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-630.50M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$929.00M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$925.30M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$580.20M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$574.10M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.57B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.56B	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$194.20M	USD	1 Quarter
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$168.90M	USD	1 Quarter
Total costs	`CostOfGoodsAndServicesSold`	$143.20M	USD	1 Quarter
Total costs	`CostOfGoodsAndServicesSold`	$123.10M	USD	1 Quarter
Gross profit	`GrossProfit`	$45.80M	USD	1 Quarter
Gross profit	`GrossProfit`	$51.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$37.90M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$34.90M	USD	1 Quarter
Merger and acquisition expenses	`BusinessCombinationAcquisitionRelatedCosts`	$200.00K	USD	1 Quarter
Merger and acquisition expenses	`BusinessCombinationAcquisitionRelatedCosts`	$400.00K	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$8.00M	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$5.70M	USD	1 Quarter
Restructuring expenses and other	`ImpairmentChargesAndAdjustmentsToUnusedOfficeSpaceLiability`	$100.00K	USD	1 Quarter
Restructuring expenses and other	`ImpairmentChargesAndAdjustmentsToUnusedOfficeSpaceLiability`	-	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$4.90M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$4.70M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-5.90M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-5.40M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-500.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$200.00K	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-5.90M	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-5.70M	USD	1 Quarter
Loss from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-800.00K	USD	1 Quarter
Loss from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.20M	USD	1 Quarter
Benefit for income taxes from continuing operations	`IncomeTaxExpenseBenefit`	$-1.40M	USD	1 Quarter
Benefit for income taxes from continuing operations	`IncomeTaxExpenseBenefit`	$-2.70M	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$200.00K	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$1.90M	USD	1 Quarter
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	1 Quarter
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-400.00K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$1.90M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-200.00K	USD	1 Quarter
Less: Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Less: Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net income (loss) attributable to Kratos	`NetIncomeLoss`	$-200.00K	USD	1 Quarter
Net income (loss) attributable to Kratos	`NetIncomeLoss`	$1.90M	USD	1 Quarter
Income from continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$0.02	USD	1 Quarter
Income from continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	-	USD	1 Quarter
Loss from discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	1 Quarter
Loss from discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	1 Quarter
Net Income per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.02	USD	1 Quarter
Net Income per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Income from continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.01	USD	1 Quarter
Income from continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	-	USD	1 Quarter
Loss from discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	1 Quarter
Loss from discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	1 Quarter
Net Income per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Net Income per common share (in dollars per share)	`EarningsPerShareDiluted`	-	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	124.10M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	107.20M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	127.70M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	110.10M	shares	1 Quarter

Cash Flow Statement 74 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$1.90M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-200.00K	USD	1 Quarter
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	1 Quarter
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-400.00K	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$200.00K	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$1.90M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.30M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.30M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$100.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.00M	USD	1 Quarter
Amortization of lease right-of-use assets	`OperatingAndFinanceLeaseRightofUseAssetAmortization`	$2.90M	USD	1 Quarter
Amortization of lease right-of-use assets	`OperatingAndFinanceLeaseRightofUseAssetAmortization`	$2.20M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$4.70M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$6.20M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfDeferredCharges`	$200.00K	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfDeferredCharges`	$200.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$300.00K	USD	1 Quarter
Provision for doubtful accounts	`ProvisionForDoubtfulAccounts`	$-100.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-9.80M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-6.60M	USD	1 Quarter
Unbilled receivables	`IncreaseDecreaseInContractWithCustomerAsset`	$1.80M	USD	1 Quarter
Unbilled receivables	`IncreaseDecreaseInContractWithCustomerAsset`	$1.50M	USD	1 Quarter
Inventoried costs	`IncreaseDecreaseInInventories`	$4.20M	USD	1 Quarter
Inventoried costs	`IncreaseDecreaseInInventories`	$1.50M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$6.80M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.00M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-2.20M	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-3.40M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-9.60M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.00M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$-2.70M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$-4.40M	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$3.70M	USD	1 Quarter
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$6.20M	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$4.90M	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$4.90M	USD	1 Quarter
Billings in excess of costs and earnings on uncompleted contracts	`IncreaseDecreaseInContractWithCustomerLiability`	$3.40M	USD	1 Quarter
Billings in excess of costs and earnings on uncompleted contracts	`IncreaseDecreaseInContractWithCustomerLiability`	$7.10M	USD	1 Quarter
Income tax receivable and payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-2.20M	USD	1 Quarter
Income tax receivable and payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-900.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-100.00K	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-5.00M	USD	1 Quarter
Net cash provided by operating activities from continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$4.00M	USD	1 Quarter
Net cash provided by operating activities from continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$22.70M	USD	1 Quarter
Cash paid for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$5.10M	USD	1 Quarter
Cash paid for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$14.20M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$9.60M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$6.40M	USD	1 Quarter
Net cash used in investing activities from continuing operations	`NetCashProvidedByUsedInInvestingActivities`	$-14.70M	USD	1 Quarter
Net cash used in investing activities from continuing operations	`NetCashProvidedByUsedInInvestingActivities`	$-20.60M	USD	1 Quarter
Payments under finance leases	`FinanceLeasePrincipalPayments`	$200.00K	USD	1 Quarter
Payments under finance leases	`FinanceLeasePrincipalPayments`	$100.00K	USD	1 Quarter
Payments of employee taxes withheld from share-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.20M	USD	1 Quarter
Payments of employee taxes withheld from share-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$7.10M	USD	1 Quarter
Proceeds from shares issued under equity plans	`ProceedsFromStockOptionsExercised`	$2.50M	USD	1 Quarter
Proceeds from shares issued under equity plans	`ProceedsFromStockOptionsExercised`	$2.60M	USD	1 Quarter
Net cash provided by (used in) financing activities from continuing operations	`NetCashProvidedByUsedInFinancingActivities`	$-4.80M	USD	1 Quarter
Net cash provided by (used in) financing activities from continuing operations	`NetCashProvidedByUsedInFinancingActivities`	$1.30M	USD	1 Quarter
Net cash flows of continuing operations	`NetCashProvidedByUsedInContinuingOperations`	$-15.30M	USD	1 Quarter
Net cash flows of continuing operations	`NetCashProvidedByUsedInContinuingOperations`	$3.20M	USD	1 Quarter
Net operating cash flows of discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-500.00K	USD	1 Quarter
Net operating cash flows of discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$1.30M	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-600.00K	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.10M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-14.00M	USD	1 Quarter
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$172.60M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$381.50M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$158.60M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$383.60M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$381.50M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$158.60M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$172.60M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$383.60M	USD	Point-in-time

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Balance, beginning of period (in shares)	`CommonStockSharesOutstanding`	123.05M	shares	Point-in-time
Balance, beginning of period (in shares)	`CommonStockSharesOutstanding`	123.74M	shares	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$929.00M	USD	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$925.30M	USD	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$580.20M	USD	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$574.10M	USD	Point-in-time
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.20M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.70M	USD	1 Quarter
Issuance of common stock for employee stock purchase plan, options and warrants	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.60M	USD	1 Quarter
Issuance of common stock for employee stock purchase plan, options and warrants	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.50M	USD	1 Quarter
Restricted stock issued and related taxes	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-1.20M	USD	1 Quarter
Restricted stock issued and related taxes	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-7.10M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-200.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.90M	USD	1 Quarter
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$200.00K	USD	1 Quarter
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$200.00K	USD	1 Quarter
Balance, end of period (in shares)	`CommonStockSharesOutstanding`	123.05M	shares	Point-in-time
Balance, end of period (in shares)	`CommonStockSharesOutstanding`	123.74M	shares	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$929.00M	USD	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$925.30M	USD	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$580.20M	USD	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$574.10M	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$1.90M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-200.00K	USD	1 Quarter
Change in cumulative translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$200.00K	USD	1 Quarter
Change in cumulative translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$200.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$2.10M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Comprehensive income attributable to Kratos	`ComprehensiveIncomeNetOfTax`	$2.10M	USD	1 Quarter
Comprehensive income attributable to Kratos	`ComprehensiveIncomeNetOfTax`	-	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.