10-Q Filing

KRATOS DEFENSE & SECURITY SOLUTIONS, INC. CIK: 1069258 Q3 2021

Filing Information

Form Type	10-Q
Accession Number	`0001069258-21-000044`
Period End Date	20210930
Filing Date	20211103
Fiscal Year	2021
Fiscal Period	Q3
XBRL Instance	ktos-20210926_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 92 Income Statement 112 Cash Flow Statement 95 Stockholders Equity 38 Comprehensive Income 20

Balance Sheet 92 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
Shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$380.80M	USD	Point-in-time
Shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$369.90M	USD	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`	-	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$700.00K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$95.30M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$85.40M	USD	Point-in-time
Par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Unbilled receivables, net	`UnbilledReceivablesCurrent`	$189.30M	USD	Point-in-time
Par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Unbilled receivables, net	`UnbilledReceivablesCurrent`	$177.00M	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`	$90.90M	USD	Point-in-time
Inventoried costs	`InventoryNetOfAllowancesCustomerAdvancesAndProgressBillings`	$81.20M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$11.70M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$12.00M	USD	Point-in-time
Shares issued (in shares)	`CommonStockSharesIssued`	123.99M	shares	Point-in-time
Shares issued (in shares)	`CommonStockSharesIssued`	123.05M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$17.80M	USD	Point-in-time
Shares outstanding (in shares)	`CommonStockSharesOutstanding`	123.99M	shares	Point-in-time
Shares outstanding (in shares)	`CommonStockSharesOutstanding`	123.05M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$25.40M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$764.80M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$772.60M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization`	$158.80M	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`	$38.80M	USD	Point-in-time
Goodwill	`Goodwill`	$483.70M	USD	Point-in-time
Goodwill	`Goodwill`	$483.90M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$39.30M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$43.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$84.60M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$84.40M	USD	Point-in-time
Total assets	`Assets`	$1.56B	USD	Point-in-time
Total assets	`Assets`	$1.58B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$43.60M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$55.40M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$28.70M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$34.70M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$51.30M	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`	$57.70M	USD	Point-in-time
Current portion of operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$9.20M	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`	$10.60M	USD	Point-in-time
Current liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$3.10M	USD	Point-in-time
Current liabilities of discontinued operations	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$3.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrentIncludingDeferredIncomeTaxLiabilitiesNet`	$210.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrentIncludingDeferredIncomeTaxLiabilitiesNet`	$197.60M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$296.50M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$301.00M	USD	Point-in-time
Operating lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$34.00M	USD	Point-in-time
Operating lease liabilities, net of current portion	`OperatingLeaseLiabilityNoncurrent`	$38.60M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$77.30M	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`	$622.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$620.90M	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`	$15.10M	USD	Point-in-time
Preferred stock, $0.001 par value, 5,000,000 shares authorized, 0 shares outstanding at September 26, 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 September 26, 2021 and December 27, 2020	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value, 195,000,000 shares authorized; 123,986,345 and 123,047,147 shares issued and outstanding at September 26, 2021 and December 27, 2020, respectively	`CommonStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value, 195,000,000 shares authorized; 123,986,345 and 123,047,147 shares issued and outstanding at September 26, 2021 and December 27, 2020, respectively	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.57B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.56B	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.30M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.40M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-631.80M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-632.40M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$925.30M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$835.30M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$824.50M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$574.10M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$935.90M	USD	Point-in-time
Total stockholders equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$941.80M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.56B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$1.58B	USD	Point-in-time

Income Statement 112 line items

Line Item	Tag	Value	Unit	Period
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$200.60M	USD	1 Quarter
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$599.90M	USD	3 Qtrs
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$541.30M	USD	3 Qtrs
Total revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$202.00M	USD	1 Quarter
Total costs	`CostOfGoodsAndServicesSold`	$392.40M	USD	3 Qtrs
Total costs	`CostOfGoodsAndServicesSold`	$436.30M	USD	3 Qtrs
Total costs	`CostOfGoodsAndServicesSold`	$144.90M	USD	1 Quarter
Total costs	`CostOfGoodsAndServicesSold`	$140.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$57.10M	USD	1 Quarter
Gross profit	`GrossProfit`	$60.60M	USD	1 Quarter
Gross profit	`GrossProfit`	$148.90M	USD	3 Qtrs
Gross profit	`GrossProfit`	$163.60M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$36.30M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$117.90M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$41.80M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$107.20M	USD	3 Qtrs
Merger and acquisition expenses	`BusinessCombinationAcquisitionRelatedCosts`	$100.00K	USD	1 Quarter
Merger and acquisition expenses	`BusinessCombinationAcquisitionRelatedCosts`	$1.50M	USD	3 Qtrs
Merger and acquisition expenses	`BusinessCombinationAcquisitionRelatedCosts`	$600.00K	USD	3 Qtrs
Merger and acquisition expenses	`BusinessCombinationAcquisitionRelatedCosts`	$300.00K	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$26.20M	USD	3 Qtrs
Research and development expenses	`ResearchAndDevelopmentExpense`	$8.00M	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$7.70M	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$19.40M	USD	3 Qtrs
Restructuring expenses and other	`ImpairmentChargesAndAdjustmentsToUnusedOfficeSpaceLiability`	$200.00K	USD	3 Qtrs
Restructuring expenses and other	`ImpairmentChargesAndAdjustmentsToUnusedOfficeSpaceLiability`	-	USD	1 Quarter
Restructuring expenses and other	`ImpairmentChargesAndAdjustmentsToUnusedOfficeSpaceLiability`	$300.00K	USD	1 Quarter
Restructuring expenses and other	`ImpairmentChargesAndAdjustmentsToUnusedOfficeSpaceLiability`	$500.00K	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$18.70M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$10.50M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$20.30M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$12.70M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-16.90M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-5.90M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-17.50M	USD	3 Qtrs
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-5.90M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$800.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$600.00K	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$200.00K	USD	3 Qtrs
Total other expense, net	`NonoperatingIncomeExpense`	$-5.10M	USD	1 Quarter
Total other expense, net	`NonoperatingIncomeExpense`	$-16.30M	USD	3 Qtrs
Total other expense, net	`NonoperatingIncomeExpense`	$-17.30M	USD	3 Qtrs
Total other expense, net	`NonoperatingIncomeExpense`	$-5.90M	USD	1 Quarter
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.60M	USD	1 Quarter
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.00M	USD	3 Qtrs
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.40M	USD	3 Qtrs
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$7.60M	USD	1 Quarter
Provision (benefit) for income taxes from continuing operations	`IncomeTaxExpenseBenefit`	$5.00M	USD	1 Quarter
Provision (benefit) for income taxes from continuing operations	`IncomeTaxExpenseBenefit`	$5.70M	USD	1 Quarter
Provision (benefit) for income taxes from continuing operations	`IncomeTaxExpenseBenefit`	$1.80M	USD	3 Qtrs
Provision (benefit) for income taxes from continuing operations	`IncomeTaxExpenseBenefit`	$-600.00K	USD	3 Qtrs
Income (loss) from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-1.10M	USD	1 Quarter
Income (loss) from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$2.60M	USD	1 Quarter
Income (loss) from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$2.20M	USD	3 Qtrs
Income (loss) from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$2.00M	USD	3 Qtrs
Loss from discontinued operations before income taxes	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$-1.00M	USD	3 Qtrs
Loss from discontinued operations before income taxes	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$-200.00K	USD	1 Quarter
Loss from discontinued operations before income taxes	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$-1.40M	USD	3 Qtrs
Loss from discontinued operations before income taxes	`DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeIncomeTax`	$-1.00M	USD	1 Quarter
Income tax benefit	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	-	USD	1 Quarter
Income tax benefit	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	$-200.00K	USD	1 Quarter
Income tax benefit	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	$-200.00K	USD	3 Qtrs
Income tax benefit	`DiscontinuedOperationTaxEffectOfDiscontinuedOperation`	$-300.00K	USD	3 Qtrs
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-800.00K	USD	3 Qtrs
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-800.00K	USD	1 Quarter
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-1.10M	USD	3 Qtrs
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-200.00K	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$1.40M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$-1.90M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$900.00K	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$2.40M	USD	1 Quarter
Less: Net income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-100.00K	USD	3 Qtrs
Less: Net income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$500.00K	USD	1 Quarter
Less: Net income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Less: Net income (loss) attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$300.00K	USD	3 Qtrs
Net income (loss) attributable to Kratos	`NetIncomeLoss`	$2.40M	USD	1 Quarter
Net income (loss) attributable to Kratos	`NetIncomeLoss`	$600.00K	USD	3 Qtrs
Net income (loss) attributable to Kratos	`NetIncomeLoss`	$1.50M	USD	3 Qtrs
Net income (loss) attributable to Kratos	`NetIncomeLoss`	$-2.40M	USD	1 Quarter
Income from continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.01	USD	3 Qtrs
Income from continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.02	USD	1 Quarter
Income from continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.02	USD	3 Qtrs
Income from continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.01	USD	1 Quarter
Loss from discontinued operations (in dollars per share)	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTaxPerBasicShare`	$-0.01	USD	1 Quarter
Loss from discontinued operations (in dollars per share)	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTaxPerBasicShare`	$-0.01	USD	3 Qtrs
Loss from discontinued operations (in dollars per share)	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTaxPerBasicShare`	-	USD	1 Quarter
Loss from discontinued operations (in dollars per share)	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTaxPerBasicShare`	$-0.01	USD	3 Qtrs
Net income per common share (in dollars per share)	`EarningsPerShareBasic`	-	USD	3 Qtrs
Net income per common share (in dollars per share)	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Net income per common share (in dollars per share)	`EarningsPerShareBasic`	$-0.02	USD	1 Quarter
Net income per common share (in dollars per share)	`EarningsPerShareBasic`	$0.01	USD	3 Qtrs
Income from continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.02	USD	3 Qtrs
Income from continuing operations (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.02	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`	$0.01	USD	3 Qtrs
Loss from discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	1 Quarter
Loss from discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$-0.01	USD	1 Quarter
Loss from discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$-0.01	USD	3 Qtrs
Loss from discontinued operations (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$-0.01	USD	3 Qtrs
Net income per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Net income per common share (in dollars per share)	`EarningsPerShareDiluted`	$0.01	USD	3 Qtrs
Net income per common share (in dollars per share)	`EarningsPerShareDiluted`	-	USD	3 Qtrs
Net income per common share (in dollars per share)	`EarningsPerShareDiluted`	$-0.02	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	124.60M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	123.10M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	124.90M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	112.90M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	115.90M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	127.90M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	124.90M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	126.40M	shares	1 Quarter

Cash Flow Statement 95 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$2.40M	USD	1 Quarter
Net income	`ProfitLoss`	$1.40M	USD	3 Qtrs
Net income	`ProfitLoss`	$-1.90M	USD	1 Quarter
Net income	`ProfitLoss`	$900.00K	USD	3 Qtrs
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-1.10M	USD	3 Qtrs
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-200.00K	USD	1 Quarter
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-800.00K	USD	3 Qtrs
Loss from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-800.00K	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-1.10M	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$2.60M	USD	1 Quarter
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$2.20M	USD	3 Qtrs
Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$2.00M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$18.50M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$19.40M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.10M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$6.20M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-300.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-700.00K	USD	3 Qtrs
Amortization of lease right-of-use assets	`OperatingAndFinanceLeaseRightofUseAssetAmortization`	$7.30M	USD	3 Qtrs
Amortization of lease right-of-use assets	`OperatingAndFinanceLeaseRightofUseAssetAmortization`	$6.70M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$19.20M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$14.50M	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfDeferredCharges`	$700.00K	USD	3 Qtrs
Amortization of deferred financing costs	`AmortizationOfDeferredCharges`	$700.00K	USD	3 Qtrs
Provision for (recovery of) doubtful accounts	`ProvisionForDoubtfulAccounts`	$-200.00K	USD	3 Qtrs
Provision for (recovery of) doubtful accounts	`ProvisionForDoubtfulAccounts`	$200.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-10.10M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-6.40M	USD	3 Qtrs
Unbilled receivables	`IncreaseDecreaseInContractWithCustomerAsset`	$12.20M	USD	3 Qtrs
Unbilled receivables	`IncreaseDecreaseInContractWithCustomerAsset`	$12.30M	USD	3 Qtrs
Inventoried costs	`IncreaseDecreaseInInventories`	$4.80M	USD	3 Qtrs
Inventoried costs	`IncreaseDecreaseInInventories`	$6.80M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$5.10M	USD	3 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$15.80M	USD	3 Qtrs
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-6.70M	USD	3 Qtrs
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-8.00M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-10.50M	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.70M	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$-4.90M	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInOtherAccruedLiabilities`	$-6.00M	USD	3 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$6.50M	USD	3 Qtrs
Accrued compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$3.30M	USD	3 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$4.80M	USD	3 Qtrs
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$4.80M	USD	3 Qtrs
Billings in excess of costs and earnings on uncompleted contracts	`IncreaseDecreaseInContractWithCustomerLiability`	$-2.70M	USD	3 Qtrs
Billings in excess of costs and earnings on uncompleted contracts	`IncreaseDecreaseInContractWithCustomerLiability`	$23.80M	USD	3 Qtrs
Income tax receivable and payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-2.50M	USD	3 Qtrs
Income tax receivable and payable	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-1.40M	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$9.90M	USD	3 Qtrs
Other liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-4.70M	USD	3 Qtrs
Net cash provided by operating activities from continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$19.10M	USD	3 Qtrs
Net cash provided by operating activities from continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$34.60M	USD	3 Qtrs
Cash paid for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$43.90M	USD	3 Qtrs
Cash paid for acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$6.20M	USD	3 Qtrs
Proceeds from insurance	`ProceedsFromInsuranceSettlementInvestingActivities`	$4.50M	USD	3 Qtrs
Proceeds from insurance	`ProceedsFromInsuranceSettlementInvestingActivities`	-	USD	3 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$100.00K	USD	3 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$33.40M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$23.00M	USD	3 Qtrs
Net cash used in investing activities from continuing operations	`NetCashProvidedByUsedInInvestingActivities`	$-35.10M	USD	3 Qtrs
Net cash used in investing activities from continuing operations	`NetCashProvidedByUsedInInvestingActivities`	$-66.80M	USD	3 Qtrs
Proceeds from the issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$4.80M	USD	3 Qtrs
Proceeds from the issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	3 Qtrs
Proceeds from the issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$240.40M	USD	Point-in-time
Proceeds from the issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Proceeds from the issuance of common stock, net of issuance costs	`ProceedsFromIssuanceOfCommonStock`	$240.40M	USD	3 Qtrs
Repayment of debt	`RepaymentsOfDebt`	$5.10M	USD	3 Qtrs
Repayment of debt	`RepaymentsOfDebt`	$700.00K	USD	3 Qtrs
Payments under finance leases	`FinanceLeasePrincipalPayments`	$700.00K	USD	3 Qtrs
Payments under finance leases	`FinanceLeasePrincipalPayments`	$500.00K	USD	3 Qtrs
Payments under finance leases	`FinanceLeasePrincipalPayments`	$300.00K	USD	1 Quarter
Payments under finance leases	`FinanceLeasePrincipalPayments`	$200.00K	USD	1 Quarter
Payments of employee taxes withheld from share-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.30M	USD	3 Qtrs
Payments of employee taxes withheld from share-based awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$9.10M	USD	3 Qtrs
Proceeds from shares issued under equity plans	`ProceedsFromStockOptionsExercised`	$5.90M	USD	3 Qtrs
Proceeds from shares issued under equity plans	`ProceedsFromStockOptionsExercised`	$5.30M	USD	3 Qtrs
Net cash provided by (used in) financing activities from continuing operations	`NetCashProvidedByUsedInFinancingActivities`	$248.00M	USD	3 Qtrs
Net cash provided by (used in) financing activities from continuing operations	`NetCashProvidedByUsedInFinancingActivities`	$-9.00M	USD	3 Qtrs
Net cash flows of continuing operations	`NetCashProvidedByUsedInContinuingOperations`	$-9.50M	USD	3 Qtrs
Net cash flows of continuing operations	`NetCashProvidedByUsedInContinuingOperations`	$200.30M	USD	3 Qtrs
Net operating cash flows of discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-1.10M	USD	3 Qtrs
Net operating cash flows of discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$2.10M	USD	3 Qtrs
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$400.00K	USD	3 Qtrs
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-1.00M	USD	3 Qtrs
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$202.80M	USD	3 Qtrs
Net increase (decrease) in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-11.60M	USD	3 Qtrs
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`	$369.90M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$375.40M	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 end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$381.50M	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`	$375.40M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$369.90M	USD	Point-in-time

Stockholders Equity 38 line items

Line Item	Tag	Value	Unit	Period
Balance, beginning of period (in shares)	`CommonStockSharesOutstanding`	123.99M	shares	Point-in-time
Balance, beginning of period (in shares)	`CommonStockSharesOutstanding`	123.05M	shares	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$835.30M	USD	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$824.50M	USD	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$574.10M	USD	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$935.90M	USD	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$925.30M	USD	Point-in-time
Balance, beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$941.80M	USD	Point-in-time
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$6.40M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$19.20M	USD	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$14.50M	USD	3 Qtrs
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$5.00M	USD	1 Quarter
Issuance of common stock for employee stock purchase plan and stock options	`StockIssuedDuringPeriodValueShareBasedCompensation`	$5.90M	USD	3 Qtrs
Issuance of common stock for employee stock purchase plan and stock options	`StockIssuedDuringPeriodValueShareBasedCompensation`	$3.40M	USD	1 Quarter
Issuance of common stock for employee stock purchase plan and stock options	`StockIssuedDuringPeriodValueShareBasedCompensation`	$2.70M	USD	1 Quarter
Issuance of common stock for employee stock purchase plan and stock options	`StockIssuedDuringPeriodValueShareBasedCompensation`	$5.30M	USD	3 Qtrs
Restricted stock issued and related taxes	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-100.00K	USD	1 Quarter
Restricted stock issued and related taxes	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-1.30M	USD	3 Qtrs
Restricted stock issued and related taxes	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-600.00K	USD	1 Quarter
Restricted stock issued and related taxes	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-9.10M	USD	3 Qtrs
Issuance of common stock for cash	`StockIssuedDuringPeriodValueNewIssues`	$-100.00K	USD	1 Quarter
Issuance of common stock for cash	`StockIssuedDuringPeriodValueNewIssues`	$240.40M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$600.00K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$1.50M	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-2.40M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.40M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$900.00K	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-100.00K	USD	3 Qtrs
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-900.00K	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$800.00K	USD	3 Qtrs
Balance, end of period (in shares)	`CommonStockSharesOutstanding`	123.99M	shares	Point-in-time
Balance, end of period (in shares)	`CommonStockSharesOutstanding`	123.05M	shares	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$935.90M	USD	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$574.10M	USD	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$925.30M	USD	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$835.30M	USD	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$824.50M	USD	Point-in-time
Balance, end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$941.80M	USD	Point-in-time

Comprehensive Income 20 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$2.40M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$1.40M	USD	3 Qtrs
Net income (loss)	`ProfitLoss`	$-1.90M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$900.00K	USD	3 Qtrs
Change in cumulative translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-100.00K	USD	3 Qtrs
Change in cumulative translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$900.00K	USD	1 Quarter
Change in cumulative translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-900.00K	USD	1 Quarter
Change in cumulative translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$800.00K	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$2.20M	USD	3 Qtrs
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-2.80M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$3.30M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$800.00K	USD	3 Qtrs
Less: Comprehensive income (loss) attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-100.00K	USD	3 Qtrs
Less: Comprehensive income (loss) attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Less: Comprehensive income (loss) attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$300.00K	USD	3 Qtrs
Less: Comprehensive income (loss) attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$500.00K	USD	1 Quarter
Comprehensive income (loss) attributable to Kratos	`ComprehensiveIncomeNetOfTax`	$3.30M	USD	1 Quarter
Comprehensive income (loss) attributable to Kratos	`ComprehensiveIncomeNetOfTax`	$2.30M	USD	3 Qtrs
Comprehensive income (loss) attributable to Kratos	`ComprehensiveIncomeNetOfTax`	$-3.30M	USD	1 Quarter
Comprehensive income (loss) attributable to Kratos	`ComprehensiveIncomeNetOfTax`	$500.00K	USD	3 Qtrs

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