The KEYW Holding Corp 10-Q 7 May 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2015	Apr. 30, 2015
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	31-Mar-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Trading Symbol	KEYW
Entity Registrant Name	KEYW HOLDING CORP
Entity Central Index Key	1487101
Current Fiscal Year End Date	-19
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		38,222,484

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Current assets:
Cash and cash equivalents	$16,230	$39,601
Receivables	57,855	56,961
Inventories, net	16,255	14,861
Prepaid expenses	2,802	3,139
Income tax receivable	7,669	3,951
Deferred tax asset, current	2,877	2,878
Total current assets	103,688	121,391
Property and equipment, net	29,513	29,341
Goodwill	306,350	295,984
Other intangibles, net	26,139	21,109
Other assets	4,695	5,208
TOTAL ASSETS	470,385	473,033
Current liabilities:
Accounts payable	10,010	10,266
Accrued expenses	6,517	7,009
Accrued salaries and wages	10,991	11,648
Deferred revenue	4,526	4,488
Total current liabilities	32,044	33,411
Long-term liabilities:
Convertible senior notes, net of discount	125,605	124,338
Non-current deferred tax liability	5,102	4,294
Other non-current liabilities	6,526	6,619
TOTAL LIABILITIES	169,277	168,662
Commitments and contingencies	0	0
Stockholders' equity:
Preferred stock, $0.001 par value; 5 million shares authorized, none issued	0	0
Common stock, $0.001 par value; 100 million shares authorized, 37,835,419 and 37,601,474 shares issued and outstanding	38	38
Additional paid-in capital	322,393	319,554
Accumulated deficit	-21,323	-15,221
Total stockholders’ equity	301,108	304,371
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$470,385	$473,033

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Preferred stock, par value (USD per share)	$0.00	$0.00
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, issued	0	0
Common stock, par value (USD per share)	$0.00	$0.00
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	37,835,419	37,601,474
Common stock, shares outstanding	37,835,419	37,601,474

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Revenues	$71,634	$63,807
Costs of Revenues, excluding amortization	49,591	42,315
Gross Profit	22,043	21,492
Operating Expenses
Operating expenses	26,203	22,255
Intangible amortization expense	3,070	3,125
Total	29,273	25,380
Operating Loss	-7,230	-3,888
Non-Operating Expense, net	2,543	857
Loss before Income Taxes	-9,773	-4,745
Income Tax Benefit, net	-3,671	-1,669
Net Loss	-6,102	-3,076
Weighted Average Common Shares Outstanding
Basic (in shares)	37,632,364	37,154,579
Diluted (in shares)	37,632,364	37,154,579
Loss per Share
Basic (in dollars per share)	($0.16)	($0.08)
Diluted (in dollars per share)	($0.16)	($0.08)
Government Solutions [Member]
Revenues	68,849	61,308
Costs of Revenues, excluding amortization	48,607	41,769
Gross Profit	20,242	19,539
Operating Expenses
Intangible amortization expense	1,791	2,143
Commercial Cyber Solutions [Member]
Revenues	2,785	2,499
Costs of Revenues, excluding amortization	984	546
Gross Profit	1,801	1,953
Operating Expenses
Intangible amortization expense	$1,279	$982

Condensed_Consolidated_Stateme1

Condensed Consolidated Statement of Stockholders' Equity (USD $)	Total	Common Stock	Additional Paid-In Capital	Accumulated Deficit
In Thousands, except Share data, unless otherwise specified
Beginning Balance at Dec. 31, 2014	$304,371	$38	$319,554	($15,221)
Beginning Balance (in shares) at Dec. 31, 2014		37,601,474
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	-6,102			-6,102
Option exercise, net (in shares)	4,770	4,770
Option exercise, net	32	0	32
Restricted stock issuances (in shares)		18,000
Restricted stock issuances	688		688
Restricted stock forfeitures (in shares)		-7,150
Restricted stock forfeitures	-38		-38
Equity issued as part of an acquisition (in shares)		242,250
Equity issued as part of an acquisition	1,858		1,858
Equity canceled related to a previous acquisition (in shares)		-23,925
Equity canceled related to a previous acquisition	-240		-240
Stock based compensation	539		539
Ending Balance at Mar. 31, 2015	$301,108	$38	$322,393	($21,323)
Ending Balance (in shares) at Mar. 31, 2015		37,835,419

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Cash Flows (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Net loss	($6,102)	($3,076)
Adjustments to reconcile net loss to net cash used by operating activities:
Stock compensation	1,189	1,624
Depreciation and amortization expense	5,014	4,679
Amortization of discount on convertible debt	1,268	0
Windfall tax benefit from option exercise	0	-421
Deferred taxes	0	-2,276
Changes in operating assets and liabilities:
Receivables	1,752	2,130
Inventories, net	-1,394	-1,635
Prepaid expenses	416	-225
Income taxes, net	-3,718	574
Accounts payable	-256	-711
Accrued expenses	-3,830	-2,289
Other	516	-34
Net cash used by operating activities	-5,145	-1,660
Cash flows from investing activities:
Acquisitions, net of cash acquired	-16,328	0
Purchases of property and equipment	-1,930	-1,494
Net cash used in investing activities	-18,258	-1,494
Cash flows from financing activities:
Repayment of revolver, net	0	2,000
Repayment of term note	0	-1,750
Windfall tax benefit from option exercise	0	421
Proceeds from option and warrant exercises, net	32	67
Net cash provided by financing activities	32	738
Net decrease in cash and cash equivalents	-23,371	-2,416
Cash and cash equivalents at beginning of period	39,601	2,480
Cash and cash equivalents at end of period	16,230	64
Supplemental disclosure of cash flow information:
Cash paid for interest	1,811	618
Cash paid for taxes	$47	$35

Condensed_Consolidated_Stateme3

Condensed Consolidated Statements of Cash Flows (Parenthetical) (USD $)	3 Months Ended	0 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	29-May-14
Stock Issued During Period, Value, for Acquisitions	$1,858
NetClarity Inc [Member]
Equity issued as part of an acquisition		99,851
Stock Issued During Period, Value, for Acquisitions		1,000
Ponte Technology [Member]
Equity issued as part of an acquisition	242,250
Stock Issued During Period, Value, for Acquisitions	$2,000

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2015
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Basis of Presentation
	We prepared our interim condensed consolidated financial statements that accompany these notes in conformity with accounting principles generally accepted in the United States of America for interim information and in accordance with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X.
	The interim financial information is unaudited, but reflects all normal adjustments that are, in our opinion, necessary to provide a fair statement of results for the interim periods presented. Certain information and note disclosures normally included in the annual financial statements have been condensed or omitted pursuant to those instructions. This interim information should be read in conjunction with the consolidated financial statements for the year ended December 31, 2014, contained in our Annual Report on Form 10-K and filed with the Securities and Exchange Commission on March 9, 2015. Interim results may not be indicative of our full fiscal year performance.
	Corporate Organization
	The KEYW Holding Corporation (“Holdco” or "KEYW") was incorporated in Maryland in December 2009. Holdco is a holding company and conducts its operations through The KEYW Corporation (“Opco”), Hexis Cyber Solutions, Inc. ("Hexis"), and their respective wholly owned subsidiaries.
	KEYW is a highly specialized provider of mission-critical cybersecurity, cyber superiority and geospatial intelligence solutions to US Government defense, intelligence and national security agencies and commercial enterprises. Our core capabilities include solutions, services and products to support the collection, processing, analysis, and use of intelligence data and information in the domains of cyberspace and geospace. Our solutions are designed to respond to meet the critical needs for agile intelligence in the cyber age and to assist the US government in national security priorities.
	Principles of Consolidation
	The consolidated financial statements include the transactions of KEYW, Opco, Hexis and their wholly owned subsidiaries from the date of their acquisition. All intercompany accounts and transactions have been eliminated.
	Revenue Recognition
	We derive the majority of our revenue from time-and-materials, firm-fixed-price, cost-plus-fixed-fee, cost-plus-award-fee contracts and software licensing and maintenance.
	Revenues from cost reimbursable contracts are recorded as reimbursable costs are incurred, including an estimated share of the applicable contractual fees earned. For performance-based fees under cost reimbursable contracts, we recognize the relevant portion of the expected fee to be awarded by the client at the time such fee can be reasonably estimated, based on factors such as prior award experience and communications with the client regarding performance. For cost reimbursable contracts with performance-based fee incentives, we recognize the relevant portion of the fee upon customer approval. For time-and-materials contracts, revenue is recognized based on billable rates times hours delivered plus materials and other reimbursable costs incurred. For firm-fixed-price service contracts, revenue is recognized using the proportional performance based on the estimated total costs of the project. For fixed-price production contracts, revenue and cost are recognized at a rate per unit as the units are delivered or by other methods to measure services provided. This method of accounting requires estimating the total revenues and total contract costs of the contract. During the performance of contracts, these estimates are periodically reviewed and revisions are made as required. The impact on revenue and contract profit as a result of these revisions is included in the periods in which the revisions are made. This method can result in the deferral of costs or the deferral of profit on these contracts. Because we assume the risk of performing a fixed-price contract at a set price, the failure to accurately estimate ultimate costs or to control costs during performance of the work could result, and in some instances has resulted, in reduced profits or losses on such contracts. Estimated losses on contracts at completion are recognized when identified.
	Contract revenue recognition inherently involves estimation. Examples of estimates include the contemplated level of effort to accomplish the tasks under the contract, the cost of the effort, and an ongoing assessment of our progress toward completing the contract. From time to time, as part of our management processes, facts develop that require us to revise our estimated total costs or revenue. To the extent that a revised estimate affects contract profit or revenue previously recognized, we record the cumulative effect of the revision in the period in which the facts requiring the revision become known.
	In certain circumstances, and based on correspondence with the end customer, management authorizes work to commence or to continue on a contract option, addition or amendment prior to the signing of formal modifications or amendments. We recognize revenue to the extent it is probable that the formal modifications or amendments will be finalized in a timely manner and that it is probable that the revenue recognized will be collected.
	The Company recognizes software licenses, maintenance or related professional services revenue only when there is persuasive evidence of an arrangement, delivery to the customer has occurred, the fee is fixed and determinable and collectability is reasonably assured.
	Revenue from software arrangements is allocated to each element of the arrangement based on the relative fair values of the elements, such as software licenses, upgrades, enhancements, maintenance contract types and type of service delivered, installation or training. The determination of fair value is based on objective evidence that is specific to the vendor (“VSOE”). The Company determines VSOE for each element based on historical stand-alone sales to third parties for the elements contained in the initial agreement. In determining VSOE, the Company requires that a substantial majority of the selling process fall within a fairly narrow pricing range. The Company has established VSOE of fair value for maintenance and professional services. If VSOE of fair value for each element of the arrangement does not exist, all revenue from the arrangement is deferred until such time as VSOE of fair value exists or until all elements of the arrangement are delivered, except in those circumstances in which the residual method may be used as described below.
	The Company's software products are licensed on a perpetual basis. In addition, the Company provides maintenance under a separate maintenance agreement, typically for twelve months. Maintenance includes technical support and unspecified software upgrades and enhancements if and when available. Revenue from perpetual software licenses is recognized under the residual method for arrangements in which the software is sold with maintenance and/or professional services.
	Revenue from maintenance is deferred and recognized ratably over the term of each maintenance agreement. Revenue from professional services is recognized as the services are performed.
	All revenue is net of intercompany adjustments.
	Cost of Revenues
	Cost of revenues consists primarily of compensation expenses for program personnel, the fringe benefits associated with this compensation and other direct expenses incurred to complete programs, including cost of materials and subcontract efforts.
	Inventories
	Inventories are valued at the lower of cost or market. Our inventory consists of specialty products that we manufacture on a limited quantity basis for our customers. We manufacture at quantity levels that are projected to be sold in the six-month period following production. As of March 31, 2015 and December 31, 2014, we had inventory reserve balances of $0.5 million and $0.2 million respectively, for certain products where the market has not developed as expected.
	Accounts Receivable
	Accounts receivable are stated at the amount management expects to collect from outstanding balances. Invoice terms range from net 10 days to net 45 days. Management provides for probable uncollectible amounts through a charge to earnings and a credit to a valuation allowance (allowance for doubtful accounts) based on its assessment of the current status of individual accounts. Balances that are still outstanding after management has used reasonable collection efforts are written-off through a charge to the valuation allowance and a credit to accounts receivable.
	Property and Equipment
	All property and equipment are stated at acquisition cost or in the case of self-constructed assets, the cost of labor and a reasonable allocation of overhead costs (no general and administrative costs are included). The cost of maintenance and repairs, which do not significantly improve or extend the life of the respective assets, are charged to operations as incurred.
	Provisions for depreciation and amortization are computed on either a straight-line method or accelerated methods acceptable under accounting principles generally accepted in the United States of America (“US GAAP”) over the estimated useful lives of between 3 and 7 years. Leasehold improvements are amortized over the lesser of the lives of the underlying leases or the estimated useful lives of the assets.
	Lease Incentives
	As part of entering into certain building leases, the lessors have provided the Company with tenant improvement allowances. Typically, such allowances are in the form of cash and represent reimbursements to the Company for tenant improvements made to the leased space. These improvements are capitalized as property and equipment, and the allowances are classified as a deferred lease incentive liability. This incentive is considered a reduction of rental expense by the lessee over the term of the lease and is recognized on a straight-line basis over the same term.
	Software Development Costs
	Costs of internally developed software for resale are expensed until the technological feasibility of the software product has been established. In accordance with the pronouncement on software development costs of the Accounting Standards Codification (“ASC”), software development costs are capitalized and amortized over the product's estimated useful life. As of March 31, 2015 and December 31, 2014, we had capitalized $5.9 million and $5.8 million of software development costs, respectively. Capitalized software development costs are amortized using the greater of the straight-line method or as a percentage of revenue recognized from the sale of the capitalized software. During the three months ended March 31, 2015, the Company had amortization costs of $0.3 million.
	Long-Lived Assets (Excluding Goodwill)
	The Company follows the provisions of FASB ASC topic 360-10-35, Impairment or Disposal of Long-Lived Assets in accounting for long-lived assets such as property and equipment and intangible assets subject to amortization. The guidance requires that long-lived assets be reviewed for impairment whenever events or circumstances indicate that the carrying amount of an asset may not be fully recoverable. The possibility of impairment exists if the sum of the long-term undiscounted cash flows is less than the carrying amount of the long-lived asset being evaluated. Impairment losses are measured as the difference between the carrying value of long-lived assets and their fair market value based on discounted cash flows of the related assets. Impairment losses are treated as permanent reductions in the carrying amount of the assets. The Company has not recorded any impairments since inception.
	Goodwill
	Purchase price in excess of the fair value of tangible assets and identifiable intangible assets acquired and liabilities assumed in a business combination is recorded as goodwill. In accordance with FASB ASC Topic 350-20, Goodwill, the Company tests for impairment at least annually. Impairment of goodwill is tested at the reporting unit level by comparing the reporting unit's carrying amount, including goodwill, to the fair value of the reporting unit. The Company operates as two reporting units. The fair value of each reporting unit is estimated using either qualitative analysis or a combination of income and market approaches. If the carrying amount of the unit exceeds its fair value, goodwill is considered impaired and a second step is performed to measure the amount of impairment loss, if any. The Company evaluated goodwill during the fourth quarter of fiscal year 2014 and found no impairment to the carrying value of goodwill. No events occurred during the period ended March 31, 2015, that management believes require an interim impairment test.
	Intangibles
	Intangible assets consist of the value of customer related intangibles acquired in various acquisitions. Intangible assets are amortized on a straight line basis over their estimated useful lives unless the pattern of usage of the benefits indicates an alternative method is more representative. The useful lives of the intangibles range from one to seven years.
	Concentrations of Credit Risk
	We maintain cash balances that at times exceed the federally insured limit on a per financial institution basis. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk related to cash. In addition, we have credit risk associated with our receivables that arise in the ordinary course of business. In excess of 90% of our total revenue is derived from contracts where the end customer is the US Government and any disruption to cash payments from our end customer could put the Company at risk.
	Use of Estimates
	Management uses estimates and assumptions in preparing these condensed consolidated financial statements in accordance with US GAAP. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Significant estimates include amortization lives, depreciation lives, percentage of completion revenue, VSOE, inventory obsolescence reserves, income taxes and stock compensation expense. Actual results could vary from the estimates that were used.
	Cash and Cash Equivalents
	We consider all highly liquid investments purchased with original maturities of three months or less, when purchased, to be cash equivalents.
	Fair Value of Financial Instruments
	The balance sheet includes various financial instruments consisting of cash and cash equivalents, accounts receivable, and accounts payable. The fair values of these instruments approximate the carrying values due to the short maturity of these instruments. The balance sheet also includes our convertible senior note, which the fair value of is estimated using a market approach with Level 2 inputs.
	Research and Development
	Internally funded research and development expenses are expensed as incurred and are included in cost of operations in the accompanying consolidated statement of operations. In accordance with FASB ASC Topic 730, Research and Development, such costs consist primarily of payroll, materials, subcontractor and an allocation of overhead costs related to product development. Research and development costs totaled $5.0 million and $3.6 million for the three months ended March 31, 2015 and 2014, respectively, and are included in the operating expenses in the condensed consolidated statement of operations.
	Income Taxes
	Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enacted date. We will establish a valuation allowance if we determine that it is more likely than not that a deferred tax asset will not be realized.
	For a tax position that meets the more-likely-than-not recognition threshold, the Company initially and subsequently measures the tax liability or benefit as the largest amount that it judges to have a greater than 50% likelihood of being realized upon ultimate settlement with a taxing authority. The liability associated with unrecognized tax benefits is adjusted periodically due to changing circumstances, such as the progress of tax audits, case law developments and new or emerging legislation. Such adjustments are recognized entirely in the period in which they are identified. The effective tax rate includes the net impact of changes in the liability for unrecognized tax obligations or benefits and subsequent adjustments as considered appropriate by management. The Company's policy is to record interest and penalties as an increase in the liability for uncertain tax obligations or benefits and a corresponding increase to the income tax provision. No such adjustments were recorded during the three months ended March 31, 2015.
	Earnings (Loss) per Share
	Basic net income (loss) per share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted earnings (loss) per share is calculated by dividing net income (loss) by the diluted weighted average common shares, which reflects the potential dilution of stock options, warrants, and contingently issuable shares that could share in our income (loss) if the securities were exercised.
	The following table presents the calculation of basic and diluted net income per share (in thousands except per share amounts):
		Three months ended
		31-Mar-15			31-Mar-14
	Net loss	$	(6,102	)	$	(3,076	)
	Weighted average shares – basic	37,632			37,155
	Effect of dilutive potential common shares	—			—
	Weighted average shares – diluted	37,632			37,155
	Net loss per share – basic	$	(0.16	)	$	(0.08	)
	Net loss per share – diluted	$	(0.16	)	$	(0.08	)
	Outstanding options and warrants, total	7,198			7,530
	Employee equity share options, restricted shares and warrants granted by the Company are treated as potential common shares outstanding in computing diluted earnings (loss) per share. Diluted shares outstanding include the dilutive effect of in-the-money options and in-the-money warrants and unvested restricted stock. The dilutive effect of such equity awards is calculated based on the average share price for each fiscal period using the treasury stock method. Under the treasury stock method, the amount the employee must pay for exercising stock options, the amount of compensation cost for future service that the Company has not yet recognized, and the amount of tax benefits that would be recorded in additional paid-in capital when the award becomes deductible, are collectively assumed to be used to repurchase shares. As we incurred a net loss for the three months ended March 31, 2015 and 2014, none of the outstanding options or warrants were included in the diluted share calculation as they would have been anti-dilutive.
The Company uses the treasury stock method for calculating any potential dilutive effect of the conversion spread of our Convertible Senior Notes due 2019 (the "Notes") on diluted earnings per share, if applicable. The conversion spread will have a dilutive impact on diluted earnings per share of common stock when the average market price of our common stock for a given period exceeds the Notes' conversion price of $14.83. For the three months ended March 31, 2015, 10.1 million shares related to the Notes have been excluded from the computation of diluted earnings per share as the effect would be anti-dilutive since the conversion price of the Notes exceeded the average market price of the Company’s common shares for the three months ended March 31, 2015.
Stock Based Compensation
As discussed in Note 10, the shareholders approved the 2013 KEYW Holding Corporation Stock Incentive Plan in August 2012. The 2013 Stock Incentive Plan, which took effect on January 1, 2013, replaced the 2009 Stock Incentive Plan. The Company adopted the 2009 Stock Incentive Plan in December 2009. The Company had originally adopted a stock option plan in 2008. The Company applies the fair value method that requires all share-based payments to employees and non-employee directors, including grants of employee stock options, to be expensed over their requisite service period based on their fair value at the grant date, using a prescribed option-pricing model. We use the Black-Scholes option-pricing model to value share-based payments. Compensation expense related to share-based awards is recognized on an accelerated basis. The expense recognized is based on the straight-line amortization of each individual vesting piece of a grant. Our typical grant vests 25% at issuance and 25% per year over the next three years. We expense the initial 25% vesting at issuance, the second over twelve months, the third over twenty-four months and the fourth over thirty-six months. The calculated expense is required to be based upon awards that ultimately vest and we have accordingly reduced the expense by estimated forfeitures.
The following assumptions were used for option grants during the three months ended March 31, 2015 and 2014.
Dividend Yield — The Company has never declared or paid dividends on its common stock and has no plans to do so in the foreseeable future.
Risk-Free Interest Rate — Risk-free interest rate is based on US Treasury zero-coupon issues with a remaining term approximating the expected life of the option term assumed at the date of grant.
Expected Volatility — Volatility is a measure of the amount by which a financial variable such as a share price has fluctuated (historical volatility) or is expected to fluctuate (expected volatility) during a period. The Company's expected volatility is based on its historical volatility for a period that approximates the estimated life of the options.
Expected Term of the Options - This is the period of time that the options granted are expected to remain unexercised. The Company estimates the expected life of the option term based on the expected tenure of employees and historical experience.
Forfeiture Rate — The Company estimates the percentage of options granted that are expected to be forfeited or canceled on an annual basis before stock options become fully vested. The Company uses the forfeiture rate that is a blend of past turnover data and a projection of expected results over the following twelve-month period based on projected levels of operations and headcount levels at various classification levels with the Company.
Segment Reporting
FASB ASC Section 280, Segment Reporting, establishes standards for the way that public business enterprises report information about operating segments in annual financial statements and requires that these enterprises report selected information about operating segments in interim financial reports. The guidance also establishes standards for related disclosures about products and services, geographic areas and major customers. The Company operates two segments. These segments are Government Solutions and Commercial Cyber Solutions.
Recently Issued Accounting Pronouncements
In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, an accounting pronouncement related to revenue recognition (FASB ASC Topic 606), which amends the guidance in former ASC Topic 605, Revenue Recognition, and provides a single, comprehensive revenue recognition model for all contracts with customers. This standard contains principles that an entity will apply to determine the measurement of revenue and timing of when it is recognized. The entity will recognize revenue to reflect the transfer of goods or services to customers at an amount that the entity expects to be entitled to in exchange for those goods or services. This pronouncement is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016, and early adoption is not permitted. We are currently evaluating the impact of this pronouncement on our consolidated financial statements.
In April 2015, the FASB issued ASU 2015-03, Interest - Imputation of Interest : Simplifying the Presentation of Debt Issuance Costs (FASB ASC Subtopic 835-30). The update requires debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of the related debt liability, consistent with debt discounts. Debt disclosures will include the face amount of the debt liability and the effective interest rate. The update requires retrospective application and represents a change in accounting principle. This pronouncement is effective for fiscal years beginning after December 15, 2015. Early adoption is permitted for financial statements that have not been previously issued. We are currently evaluating the impact of this pronouncement, but it is not expected to have a material impact on our condensed consolidated financial statements.

ACQUISITIONS

ACQUISITIONS	3 Months Ended
	Mar. 31, 2015
ACQUISITIONS	ACQUISITIONS
	The Company has completed multiple acquisitions since it began operations in August 2008. The acquisitions were made to increase the Company’s skill sets and to create sufficient critical mass to be able to serve as prime contractor on significant contracts. Most of the acquisitions resulted in the Company recording goodwill and other intangibles. The goodwill was primarily a result of the acquisitions focusing on acquiring cleared personnel to expand our presence with our main customers. The value of having that personnel generated the majority of the goodwill from the transactions and drove much of the purchase price in addition to other identified intangibles including contracts, customer relationships, contract rights and intellectual property. Several of the acquisitions involved issuance of Company common stock. The stock price for acquisition accounting was determined by the fair value on the acquisition date.
	Details of the acquisition completed since January 1, 2014 are outlined below:
	2014 Acquisitions
	During the second and third quarters of 2014, the Company acquired the assets of NetClarity, Inc. ("NetClarity") and certain assets of Architecture Technology Corporation ("ATC") in two separate transactions. The total consideration paid for these two purchases was $2.9 million in cash and 99,851 shares of KEYW stock valued at $1.1 million. Neither of these acquisitions are considered material to the financial results of KEYW.
	2015 Acquisitions
	During the the first quarter of 2015, the Company acquired Milestone Intelligence Group, Inc. ("Milestone") and Ponte Technologies, LLC ("Ponte Tech") in two separate transactions. The total consideration paid for these two acquisitions was $18.3 million in cash and 242,250 shares of KEYW stock valued at $1.9 million. Neither of these acquisition are considered material to financial results of KEYW.
	The total purchase price paid for the acquisitions described above have been allocated as follows (in thousands):
	(The final accounting for the Milestone and Ponte Tech acquisitions are still in progress and the numbers presented below are preliminary and subject to change.)
		NetClarity /ATC		Milestone / Ponte Tech
	Cash	$	—	$	2,214
	Current assets, net of cash acquired	63		1,918
	Fixed assets	24		187
	Intangibles	3,928		8,100
	Goodwill	—		10,366
	Total Assets Acquired	4,015		22,785
	Current liabilities	59		2,625
	Total Liabilities Assumed	59		2,625
	Net Assets Acquired	$	3,956	$	20,160
	Net Cash Paid	$	2,890	$	16,088
	Equity Issued	1,066		1,858
	Actual Cash Paid	$	2,890	$	18,302
	All acquisitions were accounted for using the acquisition method of accounting. Results of operations for each acquired entity were included in the consolidated financial statements from the date of each acquisition.
	Pro forma income statements are not presented for three months ended March 31, 2015 and 2014 as there have been no material acquisitions during these periods.

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
	Mar. 31, 2015
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS
	The fair value hierarchy prioritizes the inputs to valuation techniques used to measure the fair value of financial assets and liabilities on a recurring basis into three broad levels:
	Level 1	Inputs are unadjusted quoted prices in active markets for identical assets or liabilities the Company has the ability to access.
	Level 2	Inputs are other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.
	Level 3	Inputs are unobservable for the asset or liability and rely on management’s own assumptions about what market participants would use in pricing the asset or liability.
	At March 31, 2015, we did not have any assets or liabilities measured at fair value on a recurring basis that would require disclosure based on the fair value hierarchy of valuation techniques.

ACCOUNTS_RECEIVABLE

ACCOUNTS RECEIVABLE	3 Months Ended
	Mar. 31, 2015
ACCOUNTS RECEIVABLE	RECEIVABLES
	Receivables consist of the following:
		March 31,		December 31,
		2015		2014
		(In thousands)
	Receivables
	Billed	$	39,153	$	35,294
	Unbilled	18,702		21,667
	Total Receivables	$	57,855	$	56,961
	Unbilled amounts represent revenue recognized which could not be billed by the period end based on contract terms. The majority of the unbilled amounts were billed subsequent to period end. Retainages typically exist at the end of a project and/or if there is a disputed item on an invoice received by a customer. At March 31, 2015 and December 31, 2014, retained amounts are insignificant and are expected to be collected subsequent to the balance sheet date.
	Most of the Company's revenues are derived from contracts with the US Government, in which we are either the prime contractor or a subcontractor, depending on the award.

INVENTORIES

INVENTORIES	3 Months Ended
	Mar. 31, 2015
INVENTORIES	INVENTORIES
	Inventories at March 31, 2015 and December 31, 2014 consisted of work in process at various stages of production and finished goods. This inventory, which consists primarily of mobile communications devices, aeroptic cameras and radars are valued at the lower of cost (as calculated using the weighted average method) or market. The cost of the work in process consists of materials put into production, the cost of labor and an allocation of overhead costs. At March 31, 2015, and December 31, 2014, we had an inventory reserve balance of $0.5 million and $0.2 million respectively, for certain products where the market has not developed as expected.

PREPAID_EXPENSES

PREPAID EXPENSES	3 Months Ended
	Mar. 31, 2015
PREPAID EXPENSES	PREPAID EXPENSES
	Prepaid expenses at March 31, 2015 and December 31, 2014, primarily consist of prepaid insurance, deferred financing costs and software licenses.

PROPERTY_AND_EQUIPMENT

PROPERTY AND EQUIPMENT	3 Months Ended
	Mar. 31, 2015
PROPERTY AND EQUIPMENT	PROPERTY AND EQUIPMENT
	Property and equipment are as follows:
		March 31,			December 31,
		2015			2014
		(In thousands)
	Property and Equipment
	Aircraft	$	10,723		$	10,490
	Leasehold Improvements	16,336			15,618
	Manufacturing Equipment	4,768			4,402
	Software Development Costs	5,853			5,752
	Office Equipment	13,917			13,219
	Total	$	51,597		$	49,481
	Accumulated Depreciation	(22,084		)	(20,140		)
	Property and Equipment, net	$	29,513		$	29,341
	Depreciation expense charged to operations was $1.9 million and $1.6 million for the three months ended March 31, 2015 and 2014, respectively.

AMORTIZATION_OF_INTANGIBLE_ASS

AMORTIZATION OF INTANGIBLE ASSETS	3 Months Ended
	Mar. 31, 2015
AMORTIZATION OF INTANGIBLE ASSETS	AMORTIZATION OF INTANGIBLE ASSETS
	The following values were assigned to intangible assets (other than goodwill) for the acquisitions noted below:
			March 31, 2015 (In thousands)
	Acquisition	Intangible	Gross Book			Accumulated			Net Book
			Value			Amortization			Value
	Everest	Contracts	$	4,690		$	(4,065	)	$	625
	FASI	Contracts	2,775			(2,717		)	58
	Poole	Contracts	20,914			(10,457		)	10,457
	Milestone	Contracts	1,000			(69		)	931
	Ponte Tech	Contracts	4,600			(64		)	4,536
	Ponte Tech	Customer Relationships	2,500			(35		)	2,465
	Dilijent	Intellectual Property	1,000			(778		)	222
	Sensage	Intellectual Property	4,567			(3,806		)	761
	Sensage	Customer Relationships	3,682			(1,841		)	1,841
	Rsignia	Intellectual Property	5,001			(3,889		)	1,112
	NetClarity	Intellectual Property	692			(192		)	500
	NetClarity	Customer Relationships	876			(146		)	730
	ATC	Intellectual Property	2,360			(459		)	1,901
			$	54,657		$	(28,518	)	$	26,139
	The Company recorded amortization expense of $3.1 million for the three months ended March 31, 2015, and 2014, respectively.
	Estimated future intangible amortization expense by year as of March 31, 2015 (In thousands):
	Remainder of 2015	2016	2017		2018	2019
	$9,387	$8,812	$7,185		$682	$73

DEBT

DEBT	3 Months Ended
	Mar. 31, 2015
DEBT	DEBT
	2.5% Convertible Senior Notes
	In July 2014, the Company initially issued $130.0 million aggregate principal amount of Notes in an underwritten public offering. The Company granted an option to the underwriters to purchase up to an additional $19.5 million aggregate principal amount of Notes, which was subsequently exercised in full in August 2014, resulting in a total issuance of $149.5 million aggregate principal amount of Notes. The Notes bear interest at a rate of 2.50% per annum on the principal amount, payable semi-annually in arrears on January 15 and July 15 of each year, beginning on January 15, 2015, to holders of record at the close of business on the preceding January 1 and July 1, respectively. The Notes mature on July 15, 2019, unless earlier repurchased or converted. The Company may not redeem the Notes prior to their stated maturity date.
	Holders of the Notes may convert their notes at their option under the following circumstances: (i) during any calendar quarter commencing after the calendar quarter ending September 30, 2014, if the last reported sale price of the Company’s common stock for at least 20 trading days (whether or not consecutive) in the period of 30 consecutive trading days ending on the last trading day of the immediately preceding calendar quarter is greater than or equal to 130% of the conversion price for the Notes on each applicable trading day; (ii) during the five business day period immediately after any five consecutive trading day period in which the trading price per $1,000 principal amount of Notes for each trading day of that period was less than 98% of the product of the last reported sale price of Company’s common stock and the conversion rate for the Notes for each such trading day; (iii) upon the occurrence of specified corporate events; or (iv) following the Company’s delivery of a notice of the spin-off of its subsidiary, Hexis Cyber Solutions, Inc. On and after January 15, 2019, holders may convert their Notes at any time, regardless of the foregoing circumstances.
	Upon conversion, the Company will settle the Notes in cash, shares of Company common stock or a combination of cash and shares of Company common stock, at the Company’s election. The Notes have an initial conversion rate of 67.41 shares of common shares per $1,000 principal amount of the Notes, which is equal to an initial conversion price of approximately $14.83 per common share. The conversion price is subject to adjustments upon the occurrence of certain specified events, including the initial public offering of the Company’s subsidiary, Hexis Cyber Solutions, Inc., as set forth in the Note Indenture (the "Indenture").
	In addition, upon the occurrence of a fundamental change (as defined in the Indenture), holders of the Notes may require the Company to repurchase the Notes at a purchase price of 100% of the principal amount of the Notes, plus accrued and unpaid interest, if any, to, but excluding, the fundamental change repurchase date.
	The Company incurred approximately $5.7 million of debt issuance costs during the third quarter of 2014 as a result of issuing the Notes. Of the approximately $5.7 million incurred, the Company recorded $4.6 million and $1.1 million to deferred financing costs and additional paid-in capital, respectively, in proportion to the allocation of the proceeds of the Notes as discussed below. The Company is amortizing the deferred financing costs over the contractual term of the Notes using the effective interest method.
	The Company used the net proceeds from the Notes to repay the outstanding balances under the credit facility the Company entered into in 2012, (the "2012 Credit Agreement"). Net proceeds also will be used for working capital, capital expenditures and other general corporate purposes, including potential acquisitions.
	The Company allocated the $149.5 million proceeds from the issuance of the Notes between long-term debt, the liability component, and additional paid-in-capital, the equity component, in the amounts of $122.1 million and $27.4 million, respectively. The initial value of liability component was measured using the nonconvertible debt interest rate. The carrying amount of the equity component representing the conversion option was determined by deducting the fair value of the liability component from the face value of the Notes. Since the Company must still settle the Notes at face value at or prior to maturity, the Company will accrete the liability component to its face value resulting in additional non-cash interest expense being recognized in the Company’s consolidated statements of operations while theNotes remain outstanding. The equity component is not remeasured as long as it continues to meet the conditions for equity classification.
	As of March 31, 2015, the outstanding principal of the Notes was $149.5 million, the unamortized debt discount was $23.9 million, and the carrying amount of the liability component was $125.6 million, which was recorded as long-term debt within the Company’s condensed consolidated balance sheet. As of March 31, 2015, the fair value of the liability component relating to the Notes, based on a market approach, was approximately $126.2 million and represents a Level 2 valuation.
	During the three months ended March 31, 2015, the Company recognized $2.4 million of interest expense relating to the Notes, which included $1.3 million for noncash interest expense relating to the debt discount and $0.2 million relating to amortization of deferred financing costs.
	Capped Call
	During the third quarter of 2014 in conjunction with the issuance of the Notes, the Company paid approximately $18.4 million to enter into capped call transactions with respect to its common shares, (the "Capped Call Transactions"), with certain financial institutions. The Capped Call Transactions generally are expected to reduce the potential dilution to the Company's common stock upon conversion of the Notes and/or offset any cash payments the Company is required to make in excess of the principal amount of any converted Notes, as the case may be, in the event that the market price of the common stock is greater than the strike price of the Capped Call Transactions, initially set at $14.83, with such reduction of potential dilution subject to a cap based on the cap price, which is initially set at $19.38. The strike price and cap price are subject to anti-dilution adjustments under the terms of the Capped Call Transactions. As a result of the Capped Call Transactions, the Company reduced additional paid-in capital by $18.4 million during the third quarter of 2014.
	2014 Revolving Credit Facility
	In July 2014, the Company, as guarantor and certain of the Company's subsidiaries, entered into a senior secured credit agreement, (the "2014 Credit Agreement") with certain financial institutions. The 2014 Credit Agreement provides the Company a $42.5 million revolving credit facility (the "2014 Revolver"). The 2014 Revolver includes a swing line loan commitment of up to $10 million and a letter of credit facility of up to $15 million.
	Borrowings under the 2014 Credit Agreement bear interest at a rate equal to an applicable rate plus, at the Company’s option, either (a) adjusted LIBOR or (b) a base rate. The Company is required to pay a facility fee to the Lenders for any unused commitments and customary letter of credit fees.
	The 2014 Revolver will mature on the earlier to occur of (i) the fifth anniversary of the closing of the 2014 Credit Agreement, and (ii) the date that is 180 days prior to the maturity date of the Notes unless the Notes are converted into equity, repaid, refinanced or otherwise satisfied on terms permitted under the 2014 Credit Agreement. The Company may voluntarily repay outstanding loans under the 2014 Revolver at any time without premium or penalty, subject to customary fees in the case of prepayment of LIBOR based loans.
	2012 Credit Facility
	In the fourth quarter of 2012, the Company entered into the 2012 Credit Agreement, which included a $70 million term loan, a $50 million revolver and an accordion feature allowing for an additional $35 million in borrowing. The 2012 Credit Agreement was a five year, multi-bank agreement with the Royal Bank of Canada, as administrative agent. In connection with the issuance of the 2012 Credit Facility the Company incurred $3.2 million in financing costs. These financing costs were being amortized using the effective interest rate method over a five year period, the expected life of the related debt. In July of 2014 in connection with issuing the Notes, the Company terminated, satisfied, and discharged all of its obligations under the 2012 Credit Agreement. Interest expense recorded under the credit facilities was $0.9 million during the three months ended March 31, 2014. The Company recognized $0.5 million in amortization expense relating to deferred financing costs for the three months ended March 31, 2014, which was included as part of interest expense. In July 2014 as a result of the termination of the 2012 Credit Agreement, the Company wrote off $2.0 million of unamortized deferred financing costs, which were included as part of interest expense.

STOCKBASED_COMPENSATION

STOCK-BASED COMPENSATION	3 Months Ended
	Mar. 31, 2015
STOCK-BASED COMPENSATION	STOCK - BASED COMPENSATION
	On August 15, 2012, the shareholders approved the 2013 KEYW Holding Corporation Stock Incentive Plan. The 2013 plan, which took effect on January 1, 2013, replaced the 2009 plan and provides for the issuance of additional restricted stock, stock options, and restricted stock units with a maximum of 2,000,000 shares.
	Stock Options
	The Company generally issues stock option awards that vest over varying periods, ranging from three to five years, and have a ten-year life. We estimate the fair value of stock options using the Black-Scholes option-pricing model. Estimates of fair value are not intended to predict actual future events or the value ultimately realized by persons who receive equity awards. All option awards terminate within ninety days or sooner after termination of service with the Company, except as provided in certain circumstances under our senior executive employment agreements.
	No stock options were issued during the first three months of 2015. Historically all equity issuances have an exercise price at market value or higher based upon our publicly-traded share price on the date of grant. The Black-Scholes model requires inputs related to dividend yield, risk-free interest rate, expected volatility and forfeitures in order to price the option values.
	A summary of stock option activity for the period ended March 31, 2015 is as follows:
		Number of		Option Exercise		Weighted Average
		Shares		Price		Exercise Price
	Options Outstanding January 1, 2015	2,948,874
	Granted	—		—		—
	Exercised	(4,770	)	$5.50 - $7.45		$	6.79
	Cancelled	(47,756	)	$7.06 - $17.11		$	12.72
	Options Outstanding March 31, 2015	2,896,348
	As of March 31, 2015, outstanding stock options were as follows:
	Exercise Price	Options		Intrinsic			Options	Intrinsic		Weighted Average
		Outstanding		Value			Vested	Value		Remaining Life
										(Years)
	$5.00 – $5.50	474,950		$	1,336,438		474,950	$	1,336,438	4.41
	$6.90 – $7.66	281,260		225,613			281,260	225,613		6.83
	$7.96 – $8.14	71,150		17,888			69,002	17,694		6.63
	$9.17 – $10.98	247,513		—			229,349	—		6.14
	$11.18 - $11.99	340,212		—			277,253	—		7.21
	$12.28 - $12.97	428,822		—			321,753	—		7.52
	$13.00 - $13.48	177,310		—			109,653	—		7.89
	$14.03 - $14.88	329,111		—			320,832	—		5.95
	$16.08 - $17.71	546,020		—			273,020	—		8.85
		2,896,348		$	1,579,939		2,357,072	$	1,579,745
	2013 Stock Incentive Plan
	Total equity available to issue	2,000,000
	Total equity outstanding or exercised	1,447,195
	Total equity remaining for future grants	552,805
	Restricted Stock Awards
	During the first three months of 2015, the Company has issued 18,000 shares of restricted stock to new hires. These shares cliff vest in three years. The expense for these shares will be recognized over the vesting life of shares based upon the fair value of a share of stock at the date of grant. All restricted stock awards have no exercise price.
	As of March 31, 2015, outstanding unvested restricted stock awards were as follows:
		Unvested Shares
	Outstanding January 1, 2015	687,005
	Granted	18,000
	Vested	(125,050	)
	Cancelled	(7,150	)
	Outstanding March 31, 2015	572,805
	All stock based compensation has been recorded as part of operating expenses. Accounting standards require forfeitures to be estimated at the time an award is granted and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. For the periods ended March 31, 2015 and 2014, share-based compensation expense is based on awards ultimately expected to vest and has been reduced for estimated forfeitures. The Company recorded total stock compensation expense of $1.2 million and $1.6 million for the three months ended March 31, 2015 and 2014, respectively. The total unrecognized stock compensation expense at March 31, 2015, is approximately $8.8 million, which will be recognized over three years.

WARRANTS

WARRANTS	3 Months Ended
	Mar. 31, 2015
WARRANTS	WARRANTS
	During the first three months of 2015, no warrant holders exercised any warrants.
	As of March 31, 2015, outstanding warrants were as follows:
	Exercise Price		Warrants Outstanding	Warrants Vested	Weighted Average
					Remaining Life (Years)
	$	4	1,749,250	1,749,250	0.39
	$	5.5	2,184,495	2,184,495	1.13
	$	9.25	210,000	210,000	1.96
	$	12.65	158,116	158,116	4.66
			4,301,861	4,301,861

SEGMENTS

SEGMENTS	3 Months Ended
	Mar. 31, 2015
SEGMENTS	SEGMENTS
	The Company specifically identifies acquired goodwill and intangibles with specific segments. Fixed assets are segregated by segment with assets also being assigned to Corporate for those assets that are not specifically identified for either segment.
		As of and for the three months ended March 31, 2015
		(In thousands and unaudited)
		Government Solutions		Commercial Cyber Solutions		Corporate
	Goodwill	$	290,883	$	15,467	$	—
	Intangibles, net	19,294		6,845		—
	Property and Equipment, net	12,860		7,148		9,505
	Depreciation Expense	744		614		586
	Intangible Amortization	1,791		1,279		—
		For the three months ended March 31, 2014
		(In thousands and unaudited)
		Government Solutions		Commercial Cyber Solutions		Corporate
	Depreciation Expense	$	866	$	148	$	540
	Intangible Amortization	2,143		982		—
		As of December 31, 2014 (In thousands)
		Government Solutions		Commercial Cyber Solutions		Corporate
	Goodwill	$	280,517	$	15,467	$	—
	Intangibles, net	12,985		8,124		—
	Property and Equipment, net	10,644		7,393		9,815

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2015
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS
	In connection with the preparation of its financial statements for the three months ended March 31, 2015, the Company has evaluated events that occurred subsequent to March 31, 2015, to determine whether any of these events required recognition or disclosure in the first three months of the 2015 financial statements. The Company is not aware of any subsequent events which would require recognition or disclosure in the financial statements.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2015
Basis of Presentation	Basis of Presentation
	We prepared our interim condensed consolidated financial statements that accompany these notes in conformity with accounting principles generally accepted in the United States of America for interim information and in accordance with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X.
	The interim financial information is unaudited, but reflects all normal adjustments that are, in our opinion, necessary to provide a fair statement of results for the interim periods presented. Certain information and note disclosures normally included in the annual financial statements have been condensed or omitted pursuant to those instructions. This interim information should be read in conjunction with the consolidated financial statements for the year ended December 31, 2014, contained in our Annual Report on Form 10-K and filed with the Securities and Exchange Commission on March 9, 2015. Interim results may not be indicative of our full fiscal year performance.
Corporate Organization	Corporate Organization
	The KEYW Holding Corporation (“Holdco” or "KEYW") was incorporated in Maryland in December 2009. Holdco is a holding company and conducts its operations through The KEYW Corporation (“Opco”), Hexis Cyber Solutions, Inc. ("Hexis"), and their respective wholly owned subsidiaries.
	KEYW is a highly specialized provider of mission-critical cybersecurity, cyber superiority and geospatial intelligence solutions to US Government defense, intelligence and national security agencies and commercial enterprises. Our core capabilities include solutions, services and products to support the collection, processing, analysis, and use of intelligence data and information in the domains of cyberspace and geospace. Our solutions are designed to respond to meet the critical needs for agile intelligence in the cyber age and to assist the US government in national security priorities.
Principles of Consolidation	Principles of Consolidation
	The consolidated financial statements include the transactions of KEYW, Opco, Hexis and their wholly owned subsidiaries from the date of their acquisition. All intercompany accounts and transactions have been eliminated.
Revenue Recognition	Revenue Recognition
	We derive the majority of our revenue from time-and-materials, firm-fixed-price, cost-plus-fixed-fee, cost-plus-award-fee contracts and software licensing and maintenance.
	Revenues from cost reimbursable contracts are recorded as reimbursable costs are incurred, including an estimated share of the applicable contractual fees earned. For performance-based fees under cost reimbursable contracts, we recognize the relevant portion of the expected fee to be awarded by the client at the time such fee can be reasonably estimated, based on factors such as prior award experience and communications with the client regarding performance. For cost reimbursable contracts with performance-based fee incentives, we recognize the relevant portion of the fee upon customer approval. For time-and-materials contracts, revenue is recognized based on billable rates times hours delivered plus materials and other reimbursable costs incurred. For firm-fixed-price service contracts, revenue is recognized using the proportional performance based on the estimated total costs of the project. For fixed-price production contracts, revenue and cost are recognized at a rate per unit as the units are delivered or by other methods to measure services provided. This method of accounting requires estimating the total revenues and total contract costs of the contract. During the performance of contracts, these estimates are periodically reviewed and revisions are made as required. The impact on revenue and contract profit as a result of these revisions is included in the periods in which the revisions are made. This method can result in the deferral of costs or the deferral of profit on these contracts. Because we assume the risk of performing a fixed-price contract at a set price, the failure to accurately estimate ultimate costs or to control costs during performance of the work could result, and in some instances has resulted, in reduced profits or losses on such contracts. Estimated losses on contracts at completion are recognized when identified.
	Contract revenue recognition inherently involves estimation. Examples of estimates include the contemplated level of effort to accomplish the tasks under the contract, the cost of the effort, and an ongoing assessment of our progress toward completing the contract. From time to time, as part of our management processes, facts develop that require us to revise our estimated total costs or revenue. To the extent that a revised estimate affects contract profit or revenue previously recognized, we record the cumulative effect of the revision in the period in which the facts requiring the revision become known.
	In certain circumstances, and based on correspondence with the end customer, management authorizes work to commence or to continue on a contract option, addition or amendment prior to the signing of formal modifications or amendments. We recognize revenue to the extent it is probable that the formal modifications or amendments will be finalized in a timely manner and that it is probable that the revenue recognized will be collected.
	The Company recognizes software licenses, maintenance or related professional services revenue only when there is persuasive evidence of an arrangement, delivery to the customer has occurred, the fee is fixed and determinable and collectability is reasonably assured.
	Revenue from software arrangements is allocated to each element of the arrangement based on the relative fair values of the elements, such as software licenses, upgrades, enhancements, maintenance contract types and type of service delivered, installation or training. The determination of fair value is based on objective evidence that is specific to the vendor (“VSOE”). The Company determines VSOE for each element based on historical stand-alone sales to third parties for the elements contained in the initial agreement. In determining VSOE, the Company requires that a substantial majority of the selling process fall within a fairly narrow pricing range. The Company has established VSOE of fair value for maintenance and professional services. If VSOE of fair value for each element of the arrangement does not exist, all revenue from the arrangement is deferred until such time as VSOE of fair value exists or until all elements of the arrangement are delivered, except in those circumstances in which the residual method may be used as described below.
	The Company's software products are licensed on a perpetual basis. In addition, the Company provides maintenance under a separate maintenance agreement, typically for twelve months. Maintenance includes technical support and unspecified software upgrades and enhancements if and when available. Revenue from perpetual software licenses is recognized under the residual method for arrangements in which the software is sold with maintenance and/or professional services.
	Revenue from maintenance is deferred and recognized ratably over the term of each maintenance agreement. Revenue from professional services is recognized as the services are performed.
	All revenue is net of intercompany adjustments.
Cost of Revenues	Cost of Revenues
	Cost of revenues consists primarily of compensation expenses for program personnel, the fringe benefits associated with this compensation and other direct expenses incurred to complete programs, including cost of materials and subcontract efforts.
Inventories	Inventories
	Inventories are valued at the lower of cost or market. Our inventory consists of specialty products that we manufacture on a limited quantity basis for our customers. We manufacture at quantity levels that are projected to be sold in the six-month period following production.
Accounts Receivable	Accounts Receivable
	Accounts receivable are stated at the amount management expects to collect from outstanding balances. Invoice terms range from net 10 days to net 45 days. Management provides for probable uncollectible amounts through a charge to earnings and a credit to a valuation allowance (allowance for doubtful accounts) based on its assessment of the current status of individual accounts. Balances that are still outstanding after management has used reasonable collection efforts are written-off through a charge to the valuation allowance and a credit to accounts receivable.
Property and Equipment	Property and Equipment
	All property and equipment are stated at acquisition cost or in the case of self-constructed assets, the cost of labor and a reasonable allocation of overhead costs (no general and administrative costs are included). The cost of maintenance and repairs, which do not significantly improve or extend the life of the respective assets, are charged to operations as incurred.
	Provisions for depreciation and amortization are computed on either a straight-line method or accelerated methods acceptable under accounting principles generally accepted in the United States of America (“US GAAP”) over the estimated useful lives of between 3 and 7 years. Leasehold improvements are amortized over the lesser of the lives of the underlying leases or the estimated useful lives of the assets.
Lease Incentives	Lease Incentives
	As part of entering into certain building leases, the lessors have provided the Company with tenant improvement allowances. Typically, such allowances are in the form of cash and represent reimbursements to the Company for tenant improvements made to the leased space. These improvements are capitalized as property and equipment, and the allowances are classified as a deferred lease incentive liability. This incentive is considered a reduction of rental expense by the lessee over the term of the lease and is recognized on a straight-line basis over the same term.
Software Development Costs	Software Development Costs
	Costs of internally developed software for resale are expensed until the technological feasibility of the software product has been established. In accordance with the pronouncement on software development costs of the Accounting Standards Codification (“ASC”), software development costs are capitalized and amortized over the product's estimated useful life.
	Capitalized software development costs are amortized using the greater of the straight-line method or as a percentage of revenue recognized from the sale of the capitalized software.
Long-Lived Assets (Excluding Goodwill)	Long-Lived Assets (Excluding Goodwill)
	The Company follows the provisions of FASB ASC topic 360-10-35, Impairment or Disposal of Long-Lived Assets in accounting for long-lived assets such as property and equipment and intangible assets subject to amortization. The guidance requires that long-lived assets be reviewed for impairment whenever events or circumstances indicate that the carrying amount of an asset may not be fully recoverable. The possibility of impairment exists if the sum of the long-term undiscounted cash flows is less than the carrying amount of the long-lived asset being evaluated. Impairment losses are measured as the difference between the carrying value of long-lived assets and their fair market value based on discounted cash flows of the related assets. Impairment losses are treated as permanent reductions in the carrying amount of the assets.
Goodwill	Goodwill
	Purchase price in excess of the fair value of tangible assets and identifiable intangible assets acquired and liabilities assumed in a business combination is recorded as goodwill. In accordance with FASB ASC Topic 350-20, Goodwill, the Company tests for impairment at least annually. Impairment of goodwill is tested at the reporting unit level by comparing the reporting unit's carrying amount, including goodwill, to the fair value of the reporting unit. The Company operates as two reporting units. The fair value of each reporting unit is estimated using either qualitative analysis or a combination of income and market approaches. If the carrying amount of the unit exceeds its fair value, goodwill is considered impaired and a second step is performed to measure the amount of impairment loss, if any.
Intangibles	Intangibles
	Intangible assets consist of the value of customer related intangibles acquired in various acquisitions. Intangible assets are amortized on a straight line basis over their estimated useful lives unless the pattern of usage of the benefits indicates an alternative method is more representative. The useful lives of the intangibles range from one to seven years.
Concentrations of Credit Risk	Concentrations of Credit Risk
	We maintain cash balances that at times exceed the federally insured limit on a per financial institution basis. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk related to cash. In addition, we have credit risk associated with our receivables that arise in the ordinary course of business. In excess of 90% of our total revenue is derived from contracts where the end customer is the US Government and any disruption to cash payments from our end customer could put the Company at risk.
Use of Estimates	Use of Estimates
	Management uses estimates and assumptions in preparing these condensed consolidated financial statements in accordance with US GAAP. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Significant estimates include amortization lives, depreciation lives, percentage of completion revenue, VSOE, inventory obsolescence reserves, income taxes and stock compensation expense. Actual results could vary from the estimates that were used.
Cash and Cash Equivalents	Cash and Cash Equivalents
	We consider all highly liquid investments purchased with original maturities of three months or less, when purchased, to be cash equivalents.
Fair Value of Financial Instruments	Fair Value of Financial Instruments
	The balance sheet includes various financial instruments consisting of cash and cash equivalents, accounts receivable, and accounts payable. The fair values of these instruments approximate the carrying values due to the short maturity of these instruments. The balance sheet also includes our convertible senior note, which the fair value of is estimated using a market approach with Level 2 inputs.
Research and Development	Research and Development
	Internally funded research and development expenses are expensed as incurred and are included in cost of operations in the accompanying consolidated statement of operations. In accordance with FASB ASC Topic 730, Research and Development, such costs consist primarily of payroll, materials, subcontractor and an allocation of overhead costs related to product development.
Income Taxes	Income Taxes
	Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carry forwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enacted date. We will establish a valuation allowance if we determine that it is more likely than not that a deferred tax asset will not be realized.
	For a tax position that meets the more-likely-than-not recognition threshold, the Company initially and subsequently measures the tax liability or benefit as the largest amount that it judges to have a greater than 50% likelihood of being realized upon ultimate settlement with a taxing authority. The liability associated with unrecognized tax benefits is adjusted periodically due to changing circumstances, such as the progress of tax audits, case law developments and new or emerging legislation. Such adjustments are recognized entirely in the period in which they are identified. The effective tax rate includes the net impact of changes in the liability for unrecognized tax obligations or benefits and subsequent adjustments as considered appropriate by management. The Company's policy is to record interest and penalties as an increase in the liability for uncertain tax obligations or benefits and a corresponding increase to the income tax provision
Earnings per Share	Earnings (Loss) per Share
	Basic net income (loss) per share is calculated by dividing net income (loss) by the weighted average number of common shares outstanding during the period. Diluted earnings (loss) per share is calculated by dividing net income (loss) by the diluted weighted average common shares, which reflects the potential dilution of stock options, warrants, and contingently issuable shares that could share in our income (loss) if the securities were exercised.
	Employee equity share options, restricted shares and warrants granted by the Company are treated as potential common shares outstanding in computing diluted earnings (loss) per share. Diluted shares outstanding include the dilutive effect of in-the-money options and in-the-money warrants and unvested restricted stock. The dilutive effect of such equity awards is calculated based on the average share price for each fiscal period using the treasury stock method. Under the treasury stock method, the amount the employee must pay for exercising stock options, the amount of compensation cost for future service that the Company has not yet recognized, and the amount of tax benefits that would be recorded in additional paid-in capital when the award becomes deductible, are collectively assumed to be used to repurchase shares.
Stock Based Compensation	Stock Based Compensation
	As discussed in Note 10, the shareholders approved the 2013 KEYW Holding Corporation Stock Incentive Plan in August 2012. The 2013 Stock Incentive Plan, which took effect on January 1, 2013, replaced the 2009 Stock Incentive Plan. The Company adopted the 2009 Stock Incentive Plan in December 2009. The Company had originally adopted a stock option plan in 2008. The Company applies the fair value method that requires all share-based payments to employees and non-employee directors, including grants of employee stock options, to be expensed over their requisite service period based on their fair value at the grant date, using a prescribed option-pricing model. We use the Black-Scholes option-pricing model to value share-based payments. Compensation expense related to share-based awards is recognized on an accelerated basis. The expense recognized is based on the straight-line amortization of each individual vesting piece of a grant. Our typical grant vests 25% at issuance and 25% per year over the next three years. We expense the initial 25% vesting at issuance, the second over twelve months, the third over twenty-four months and the fourth over thirty-six months. The calculated expense is required to be based upon awards that ultimately vest and we have accordingly reduced the expense by estimated forfeitures.
	The following assumptions were used for option grants during the three months ended March 31, 2015 and 2014.
	Dividend Yield — The Company has never declared or paid dividends on its common stock and has no plans to do so in the foreseeable future.
	Risk-Free Interest Rate — Risk-free interest rate is based on US Treasury zero-coupon issues with a remaining term approximating the expected life of the option term assumed at the date of grant.
	Expected Volatility — Volatility is a measure of the amount by which a financial variable such as a share price has fluctuated (historical volatility) or is expected to fluctuate (expected volatility) during a period. The Company's expected volatility is based on its historical volatility for a period that approximates the estimated life of the options.
	Expected Term of the Options - This is the period of time that the options granted are expected to remain unexercised. The Company estimates the expected life of the option term based on the expected tenure of employees and historical experience.
	Forfeiture Rate — The Company estimates the percentage of options granted that are expected to be forfeited or canceled on an annual basis before stock options become fully vested. The Company uses the forfeiture rate that is a blend of past turnover data and a projection of expected results over the following twelve-month period based on projected levels of operations and headcount levels at various classification levels with the Company.
Segment Reporting	Segment Reporting
	FASB ASC Section 280, Segment Reporting, establishes standards for the way that public business enterprises report information about operating segments in annual financial statements and requires that these enterprises report selected information about operating segments in interim financial reports. The guidance also establishes standards for related disclosures about products and services, geographic areas and major customers. The Company operates two segments. These segments are Government Solutions and Commercial Cyber Solutions.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements
	In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, an accounting pronouncement related to revenue recognition (FASB ASC Topic 606), which amends the guidance in former ASC Topic 605, Revenue Recognition, and provides a single, comprehensive revenue recognition model for all contracts with customers. This standard contains principles that an entity will apply to determine the measurement of revenue and timing of when it is recognized. The entity will recognize revenue to reflect the transfer of goods or services to customers at an amount that the entity expects to be entitled to in exchange for those goods or services. This pronouncement is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016, and early adoption is not permitted. We are currently evaluating the impact of this pronouncement on our consolidated financial statements.
	In April 2015, the FASB issued ASU 2015-03, Interest - Imputation of Interest : Simplifying the Presentation of Debt Issuance Costs (FASB ASC Subtopic 835-30). The update requires debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of the related debt liability, consistent with debt discounts. Debt disclosures will include the face amount of the debt liability and the effective interest rate. The update requires retrospective application and represents a change in accounting principle. This pronouncement is effective for fiscal years beginning after December 15, 2015. Early adoption is permitted for financial statements that have not been previously issued. We are currently evaluating the impact of this pronouncement, but it is not expected to have a material impact on our condensed consolidated financial statements.

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Mar. 31, 2015
Calculation of Basic and Diluted Net Income Per Share
		Three months ended
		31-Mar-15			31-Mar-14
	Net loss	$	(6,102	)	$	(3,076	)
	Weighted average shares – basic	37,632			37,155
	Effect of dilutive potential common shares	—			—
	Weighted average shares – diluted	37,632			37,155
	Net loss per share – basic	$	(0.16	)	$	(0.08	)
	Net loss per share – diluted	$	(0.16	)	$	(0.08	)
	Outstanding options and warrants, total	7,198			7,530

ACQUISITIONS_Tables

ACQUISITIONS (Tables)	3 Months Ended
	Mar. 31, 2015
Text Block [Abstract]
Allocation of Total Purchase Price Paid for Acquisitions	The total purchase price paid for the acquisitions described above have been allocated as follows (in thousands):
	(The final accounting for the Milestone and Ponte Tech acquisitions are still in progress and the numbers presented below are preliminary and subject to change.)
		NetClarity /ATC		Milestone / Ponte Tech
	Cash	$	—	$	2,214
	Current assets, net of cash acquired	63		1,918
	Fixed assets	24		187
	Intangibles	3,928		8,100
	Goodwill	—		10,366
	Total Assets Acquired	4,015		22,785
	Current liabilities	59		2,625
	Total Liabilities Assumed	59		2,625
	Net Assets Acquired	$	3,956	$	20,160
	Net Cash Paid	$	2,890	$	16,088
	Equity Issued	1,066		1,858
	Actual Cash Paid	$	2,890	$	18,302

ACCOUNTS_RECEIVABLE_Tables

ACCOUNTS RECEIVABLE (Tables)	3 Months Ended
	Mar. 31, 2015
Components of Accounts Receivable	Receivables consist of the following:
		March 31,		December 31,
		2015		2014
		(In thousands)
	Receivables
	Billed	$	39,153	$	35,294
	Unbilled	18,702		21,667
	Total Receivables	$	57,855	$	56,961

PROPERTY_AND_EQUIPMENT_Tables

PROPERTY AND EQUIPMENT (Tables)	3 Months Ended
	Mar. 31, 2015
Property and Equipment	Property and equipment are as follows:
		March 31,			December 31,
		2015			2014
		(In thousands)
	Property and Equipment
	Aircraft	$	10,723		$	10,490
	Leasehold Improvements	16,336			15,618
	Manufacturing Equipment	4,768			4,402
	Software Development Costs	5,853			5,752
	Office Equipment	13,917			13,219
	Total	$	51,597		$	49,481
	Accumulated Depreciation	(22,084		)	(20,140		)
	Property and Equipment, net	$	29,513		$	29,341

AMORTIZATION_OF_INTANGIBLE_ASS1

AMORTIZATION OF INTANGIBLE ASSETS (Tables)	3 Months Ended
	Mar. 31, 2015
Values Assigned to Intangible Assets (Other than Goodwill) for Acquisitions	The following values were assigned to intangible assets (other than goodwill) for the acquisitions noted below:
			March 31, 2015 (In thousands)
	Acquisition	Intangible	Gross Book			Accumulated			Net Book
			Value			Amortization			Value
	Everest	Contracts	$	4,690		$	(4,065	)	$	625
	FASI	Contracts	2,775			(2,717		)	58
	Poole	Contracts	20,914			(10,457		)	10,457
	Milestone	Contracts	1,000			(69		)	931
	Ponte Tech	Contracts	4,600			(64		)	4,536
	Ponte Tech	Customer Relationships	2,500			(35		)	2,465
	Dilijent	Intellectual Property	1,000			(778		)	222
	Sensage	Intellectual Property	4,567			(3,806		)	761
	Sensage	Customer Relationships	3,682			(1,841		)	1,841
	Rsignia	Intellectual Property	5,001			(3,889		)	1,112
	NetClarity	Intellectual Property	692			(192		)	500
	NetClarity	Customer Relationships	876			(146		)	730
	ATC	Intellectual Property	2,360			(459		)	1,901
			$	54,657		$	(28,518	)	$	26,139
Estimated Future Intangible Amortization Expense
	Estimated future intangible amortization expense by year as of March 31, 2015 (In thousands):
	Remainder of 2015	2016	2017		2018	2019
	$9,387	$8,812	$7,185		$682	$73

STOCKBASED_COMPENSATION_Tables

STOCK-BASED COMPENSATION (Tables)	3 Months Ended
	Mar. 31, 2015
Stock Option Activity	A summary of stock option activity for the period ended March 31, 2015 is as follows:
		Number of		Option Exercise		Weighted Average
		Shares		Price		Exercise Price
	Options Outstanding January 1, 2015	2,948,874
	Granted	—		—		—
	Exercised	(4,770	)	$5.50 - $7.45		$	6.79
	Cancelled	(47,756	)	$7.06 - $17.11		$	12.72
	Options Outstanding March 31, 2015	2,896,348
Outstanding Stock Options	As of March 31, 2015, outstanding stock options were as follows:
	Exercise Price	Options		Intrinsic			Options	Intrinsic		Weighted Average
		Outstanding		Value			Vested	Value		Remaining Life
										(Years)
	$5.00 – $5.50	474,950		$	1,336,438		474,950	$	1,336,438	4.41
	$6.90 – $7.66	281,260		225,613			281,260	225,613		6.83
	$7.96 – $8.14	71,150		17,888			69,002	17,694		6.63
	$9.17 – $10.98	247,513		—			229,349	—		6.14
	$11.18 - $11.99	340,212		—			277,253	—		7.21
	$12.28 - $12.97	428,822		—			321,753	—		7.52
	$13.00 - $13.48	177,310		—			109,653	—		7.89
	$14.03 - $14.88	329,111		—			320,832	—		5.95
	$16.08 - $17.71	546,020		—			273,020	—		8.85
		2,896,348		$	1,579,939		2,357,072	$	1,579,745
Stock Incentive Plan
	2013 Stock Incentive Plan
	Total equity available to issue	2,000,000
	Total equity outstanding or exercised	1,447,195
	Total equity remaining for future grants	552,805
Outstanding Unvested Restricted Stock Awards	As of March 31, 2015, outstanding unvested restricted stock awards were as follows:
		Unvested Shares
	Outstanding January 1, 2015	687,005
	Granted	18,000
	Vested	(125,050	)
	Cancelled	(7,150	)
	Outstanding March 31, 2015	572,805

WARRANTS_Tables

WARRANTS (Tables)	3 Months Ended
	Mar. 31, 2015
Outstanding Warrants	As of March 31, 2015, outstanding warrants were as follows:
	Exercise Price		Warrants Outstanding	Warrants Vested	Weighted Average
					Remaining Life (Years)
	$	4	1,749,250	1,749,250	0.39
	$	5.5	2,184,495	2,184,495	1.13
	$	9.25	210,000	210,000	1.96
	$	12.65	158,116	158,116	4.66
			4,301,861	4,301,861

SEGMENTS_Tables

SEGMENTS (Tables)	3 Months Ended
	Mar. 31, 2015
Fixed Assets Segregated by Segment
		As of and for the three months ended March 31, 2015
		(In thousands and unaudited)
		Government Solutions		Commercial Cyber Solutions		Corporate
	Goodwill	$	290,883	$	15,467	$	—
	Intangibles, net	19,294		6,845		—
	Property and Equipment, net	12,860		7,148		9,505
	Depreciation Expense	744		614		586
	Intangible Amortization	1,791		1,279		—
		For the three months ended March 31, 2014
		(In thousands and unaudited)
		Government Solutions		Commercial Cyber Solutions		Corporate
	Depreciation Expense	$	866	$	148	$	540
	Intangible Amortization	2,143		982		—
		As of December 31, 2014 (In thousands)
		Government Solutions		Commercial Cyber Solutions		Corporate
	Goodwill	$	280,517	$	15,467	$	—
	Intangibles, net	12,985		8,124		—
	Property and Equipment, net	10,644		7,393		9,815

SUMMARY_OF_SIGNIFICANT_ACCOUNT3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Narrative (Detail) (USD $)	3 Months Ended
In Millions, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Jul. 21, 2014
	segment
Significant Accounting Policies [Line Items]
Projected period for manufacture quality levels, turn over	6 months
Inventory Valuation Reserves	$0.50		$0.20
Capitalized Software Development Costs for Software Sold to Customers	5.9		5.8
Capitalized Computer Software, Amortization	0.3
Number of operating segments	2
Research and development costs	$5	$3.60
Share based compensation expense, vesting period	3 years
Share based compensation, expense recognition period	3 years
At Issuance
Significant Accounting Policies [Line Items]
Share based compensation, vesting percentage	25.00%
Over Three Years
Significant Accounting Policies [Line Items]
Share based compensation, vesting percentage	25.00%
Tranche One
Significant Accounting Policies [Line Items]
Share based compensation, expense recognition period	12 months
Tranche Two
Significant Accounting Policies [Line Items]
Share based compensation, expense recognition period	24 months
Tranche Three
Significant Accounting Policies [Line Items]
Share based compensation, expense recognition period	36 months
Minimum
Significant Accounting Policies [Line Items]
Invoice Terms	10 days
Estimated useful lives of property and equipment	3 years
Estimated useful lives of intangible assets	1 year
Percentage of contracts issued by US Government	90.00%
Recognition of tax liability or benefits	50.00%
Maximum
Significant Accounting Policies [Line Items]
Invoice Terms	45 days
Estimated useful lives of property and equipment	7 years
Estimated useful lives of intangible assets	7 years
Convertible Debt [Member] | Convertible Senior 2019 Notes [Member]
Significant Accounting Policies [Line Items]
Initial conversion price	$14.83			$14.83
Convertible Debt Securities [Member]
Significant Accounting Policies [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	10.1

SUMMARY_OF_SIGNIFICANT_ACCOUNT4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Calculation of Basic and Diluted Net Income Per Share (Detail) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Earnings Per Share Disclosure [Line Items]
Net loss	($6,102)	($3,076)
Weighted average shares – basic	37,632,364	37,154,579
Effect of dilutive potential common shares	0	0
Weighted average shares – diluted	37,632,364	37,154,579
Net loss per share – basic	($0.16)	($0.08)
Net loss per share – diluted	($0.16)	($0.08)
Outstanding options and warrants, total	7,198,209	7,529,888

ACQUISITIONS_Narrative_Detail

ACQUISITIONS Narrative (Detail) (USD $)	0 Months Ended	3 Months Ended
	29-May-14	Mar. 31, 2015
NetClarity Inc and Architecture Technology Corporation [Member]
Business Acquisition [Line Items]
Initial cash payments	$2,900,000
Number of shares of KeyW stock	99,851
Equity Issued	1,066,000
Milestone and Ponte Technology [Member]
Business Acquisition [Line Items]
Initial cash payments		18,300,000
Number of shares of KeyW stock		242,250
Equity Issued		$1,858,000

ACQUISITIONS_Allocation_of_Tot

ACQUISITIONS Allocation of Total Purchase Price Paid for Acquisitions (Detail) (USD $)	3 Months Ended		0 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	29-May-14	Dec. 31, 2014
Schedule of Business Acquisitions, Purchase Price Allocation [Line Items]
Goodwill	$306,350			$295,984
Net Cash Paid	16,328	0
NetClarity Inc and Architecture Technology Corporation [Member]
Schedule of Business Acquisitions, Purchase Price Allocation [Line Items]
Cash and Equivalents			0
Current Assets, Net of Cash Acquired			63
Fixed Assets			24
Intangibles			3,928
Goodwill			0
Total Assets Acquired			4,015
Current Liabilities			59
Total Liabilities Assumed			59
Net Assets Acquired			3,956
Net Cash Paid			2,890
Equity Issued			1,066
Actual Cash Paid			2,890
Milestone and Ponte Technology [Member]
Schedule of Business Acquisitions, Purchase Price Allocation [Line Items]
Cash and Equivalents	2,214
Current Assets, Net of Cash Acquired	1,918
Fixed Assets	187
Intangibles	8,100
Goodwill	10,366
Total Assets Acquired	22,785
Current Liabilities	2,625
Total Liabilities Assumed	2,625
Net Assets Acquired	20,160
Net Cash Paid	16,088
Equity Issued	1,858
Actual Cash Paid	$18,302

ACCOUNTS_RECEIVABLE_Components

ACCOUNTS RECEIVABLE Components of Accounts Receivable (Detail) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Accounts Receivable
Billed	$39,153	$35,294
Unbilled	18,702	21,667
Receivables	$57,855	$56,961

INVENTORIES_Detail

INVENTORIES (Detail) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Millions, unless otherwise specified
Schedule of Inventory [Line Items]
Inventory Valuation Reserves	$0.50	$0.20

PROPERTY_AND_EQUIPMENT_Propert

PROPERTY AND EQUIPMENT Property and Equipment (Detail) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Property, Plant and Equipment [Line Items]
Property and equipment	$51,597	$49,481
Accumulated Depreciation	-22,084	-20,140
Property and Equipment, net	29,513	29,341
Aircraft
Property, Plant and Equipment [Line Items]
Property and equipment	10,723	10,490
Leasehold Improvements
Property, Plant and Equipment [Line Items]
Property and equipment	16,336	15,618
Manufacturing Equipment
Property, Plant and Equipment [Line Items]
Property and equipment	4,768	4,402
Software Development Costs
Property, Plant and Equipment [Line Items]
Property and equipment	5,853	5,752
Office Equipment
Property, Plant and Equipment [Line Items]
Property and equipment	$13,917	$13,219

PROPERTY_AND_EQUIPMENT_Narrati

PROPERTY AND EQUIPMENT Narrative (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Property, Plant and Equipment [Line Items]
Depreciation expense charged to operations	$1.90	$1.60

AMORTIZATION_OF_INTANGIBLE_ASS2

AMORTIZATION OF INTANGIBLE ASSETS Values Assigned to Intangible Assets (Other Than Goodwill) for Acquisitions (Detail) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Acquired Finite-Lived Intangible Assets [Line Items]
Amortized Intangible Assets, Gross Book Value	$54,657
Amortized Intangible Assets, Accumulated Amortization	-28,518
Amortized Intangible Assets, Net Book Value	26,139	21,109
Everest Technology Solutions, Inc | Contracts
Acquired Finite-Lived Intangible Assets [Line Items]
Amortized Intangible Assets, Gross Book Value	4,690
Amortized Intangible Assets, Accumulated Amortization	-4,065
Amortized Intangible Assets, Net Book Value	625
Forbes Analytic Software, Inc | Contracts
Acquired Finite-Lived Intangible Assets [Line Items]
Amortized Intangible Assets, Gross Book Value	2,775
Amortized Intangible Assets, Accumulated Amortization	-2,717
Amortized Intangible Assets, Net Book Value	58
Poole and Associates, Inc. | Contracts
Acquired Finite-Lived Intangible Assets [Line Items]
Amortized Intangible Assets, Gross Book Value	20,914
Amortized Intangible Assets, Accumulated Amortization	-10,457
Amortized Intangible Assets, Net Book Value	10,457
Milestone [Member] | Contracts
Acquired Finite-Lived Intangible Assets [Line Items]
Amortized Intangible Assets, Gross Book Value	1,000
Amortized Intangible Assets, Accumulated Amortization	-69
Amortized Intangible Assets, Net Book Value	931
Ponte Technology [Member] | Contracts
Acquired Finite-Lived Intangible Assets [Line Items]
Amortized Intangible Assets, Gross Book Value	4,600
Amortized Intangible Assets, Accumulated Amortization	-64
Amortized Intangible Assets, Net Book Value	4,536
Ponte Technology [Member] | Customer Relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Amortized Intangible Assets, Gross Book Value	2,500
Amortized Intangible Assets, Accumulated Amortization	-35
Amortized Intangible Assets, Net Book Value	2,465
Dilijent Solutions LLC [Member] | Intellectual Property [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Amortized Intangible Assets, Gross Book Value	1,000
Amortized Intangible Assets, Accumulated Amortization	-778
Amortized Intangible Assets, Net Book Value	222
Sensage, Inc | Intellectual Property [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Amortized Intangible Assets, Gross Book Value	4,567
Amortized Intangible Assets, Accumulated Amortization	-3,806
Amortized Intangible Assets, Net Book Value	761
Sensage, Inc | Customer Relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Amortized Intangible Assets, Gross Book Value	3,682
Amortized Intangible Assets, Accumulated Amortization	-1,841
Amortized Intangible Assets, Net Book Value	1,841
Rsignia, Inc [Member] | Intellectual Property [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Amortized Intangible Assets, Gross Book Value	5,001
Amortized Intangible Assets, Accumulated Amortization	-3,889
Amortized Intangible Assets, Net Book Value	1,112
NetClarity Inc [Member] | Intellectual Property [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Amortized Intangible Assets, Gross Book Value	692
Amortized Intangible Assets, Accumulated Amortization	-192
Amortized Intangible Assets, Net Book Value	500
NetClarity Inc [Member] | Customer Relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Amortized Intangible Assets, Gross Book Value	876
Amortized Intangible Assets, Accumulated Amortization	-146
Amortized Intangible Assets, Net Book Value	730
ATC [Member] | Intellectual Property [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Amortized Intangible Assets, Gross Book Value	2,360
Amortized Intangible Assets, Accumulated Amortization	-459
Amortized Intangible Assets, Net Book Value	$1,901

AMORTIZATION_OF_INTANGIBLE_ASS3

AMORTIZATION OF INTANGIBLE ASSETS Narrative (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Intangible amortization expense	$3,070	$3,125

AMORTIZATION_OF_INTANGIBLE_ASS4

AMORTIZATION OF INTANGIBLE ASSETS Estimated Future Intangible Amortization Expense (Detail) (USD $)	Mar. 31, 2015
In Thousands, unless otherwise specified
Expected Amortization Expense [Line Items]
Remainder of 2015	$9,387
2016	8,812
2017	7,185
2018	682
2019	$73

DEBT_Narrative_Detail

DEBT Narrative (Detail) (USD $)	0 Months Ended		3 Months Ended		12 Months Ended
	Jul. 21, 2014	Oct. 02, 2012	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2012	Aug. 15, 2014	Nov. 20, 2012
Debt Instrument [Line Items]
Amortization of discount on convertible debt			$1,268,000	$0
Amortization of Financing Costs				500,000
Debt Instrument, Term		5 years
Payments of Debt Issuance Costs					3,200,000
Amortization of Financing Costs Period					5 years
Write-off of deferred financing costs	2,000,000
Convertible Senior 2019 Notes [Member] | Convertible Debt [Member]
Debt Instrument [Line Items]
Initial issued principal amount	130,000,000					19,500,000
Total principal amount	149,500,000		149,500,000
Interest rate per annum	2.50%
Threshold Trading Days (Whether or Not Consecutive)			20
Threshold Consecutive Trading Days			30 days
Threshold Percentage of Stock Price Trigger			130.00%
Principal Amount of Convertible Notes	1,000
Maximum Percent of Conversion Rate for Each Trading Day	98.00%
Initial conversion rate	67.41
Initial conversion price	$14.83		$14.83
Repurchase price percentage of principal			100.00%
Debt Issuance Cost			5,700,000
Deferred Finance Costs, Gross	4,600,000
Financing costs of equity component	1,100,000
Long-term Debt	122,100,000		125,600,000
Debt discount	27,400,000		23,900,000
Fair value of liability component of Notes			126,200,000
Interest expense recognized on debt agreement			2,400,000
Amortization of discount on convertible debt			1,300,000
Amortization of Financing Costs			200,000
Payments for Hedging Activities	18,400,000
Derivative, Cap Price	19.38
The Revolver [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity, revolving credit facility	42,500,000						50,000,000
Maturity date period, revolving credit facility	180 days
Debt Instrument, Additional Borrowing Capacity Subject to Certain Condition		35,000,000
The Revolver [Member] | Revolving Credit Facility [Member] | Swing Line [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity, revolving credit facility	10,000,000
The Revolver [Member] | Revolving Credit Facility [Member] | Letter of Credit [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity, revolving credit facility	15,000,000
The Term Loan [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Initial issued principal amount							70,000,000
2012 Credit Facility [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Interest expense recognized on debt agreement				$900,000

STOCKBASED_COMPENSATION_Narrat

STOCK-BASED COMPENSATION Narrative (Detail) (USD $)	3 Months Ended		1 Months Ended
In Millions, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Aug. 15, 2012
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Maximum shares available for issuance	2,000,000
Stock awards, vesting period	3 years
Allocated Share-based Compensation Expense	$1.20	$1.60
Total unrecognized stock compensation expense	$8.80
Unrecognized compensation costs, recognition period	3 years
Stock Options
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Stock option, term	10 years
Maximum termination period of stock option awards after employee is terminated by Company	90 days
Stock Options | Minimum
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Stock awards, vesting period	3 years
Stock Options | Maximum
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Stock awards, vesting period	5 years
Restricted Stock [Member]
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Stock awards, vesting period	3 years
Total restricted common stock granted	18,000
Stock Incentive Plan 2013
Compensation Related Costs Share Based Payments Disclosure [Line Items]
Share based compensation arrangement award effective date			1-Jan-13
Maximum shares available for issuance			2,000,000

STOCKBASED_COMPENSATION_Stock_

STOCK-BASED COMPENSATION Stock Option Activity (Detail) (USD $)	3 Months Ended
	Mar. 31, 2015
Number of Shares
Options outstanding at beginning of period (in shares)	2,948,874
Granted (in shares)	0
Exercised (in shares)	-4,770
Cancelled (in shares)	-47,756
Options outstanding at end of period (in shares)	2,896,348
Option Exercise Price
Granted, lower limit (in dollars per share)	$0
Granted, upper limit (in dollars per share)	$0
Exercised, lower limit (in dollars per share)	$5.50
Exercised, upper limit (in dollars per share)	$7.45
Cancelled, lower limit (in dollars per share)	$7.06
Cancelled, upper limit (in dollars per share)	$17.11
Weighted Average Exercise Price
Granted (in dollars per share)	$0
Exercised (in dollars per share)	$6.79
Cancelled (in dollars per share)	$12.72

STOCKBASED_COMPENSATION_Outsta

STOCK-BASED COMPENSATION Outstanding Stock Options (Detail) (USD $)	3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Options Outstanding (in shares)	2,896,348	2,948,874
Options Outstanding, Intrinsic value	$1,579,939
Options Vested (in shares)	2,357,072
Options vested, Intrinsic Value	1,579,745
$5.00 – $5.50
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price, lower limit (in dollars per share)	$5
Exercise price, upper limit (in dollars per share)	$5.50
Options Outstanding (in shares)	474,950
Options Outstanding, Intrinsic value	1,336,438
Options Vested (in shares)	474,950
Options vested, Intrinsic Value	1,336,438
Weighted Average Remaining Life	4 years 4 months 27 days
$6.90 – $7.66
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price, lower limit (in dollars per share)	$6.90
Exercise price, upper limit (in dollars per share)	$7.66
Options Outstanding (in shares)	281,260
Options Outstanding, Intrinsic value	225,613
Options Vested (in shares)	281,260
Options vested, Intrinsic Value	225,613
Weighted Average Remaining Life	6 years 9 months 29 days
$7.96 – $8.14
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price, lower limit (in dollars per share)	$7.96
Exercise price, upper limit (in dollars per share)	$8.14
Options Outstanding (in shares)	71,150
Options Outstanding, Intrinsic value	17,888
Options Vested (in shares)	69,002
Options vested, Intrinsic Value	17,694
Weighted Average Remaining Life	6 years 7 months 16 days
$9.17 – $10.98
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price, lower limit (in dollars per share)	$9.17
Exercise price, upper limit (in dollars per share)	$10.98
Options Outstanding (in shares)	247,513
Options Outstanding, Intrinsic value	0
Options Vested (in shares)	229,349
Options vested, Intrinsic Value	0
Weighted Average Remaining Life	6 years 1 month 20 days
$11.18 - $11.99
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price, lower limit (in dollars per share)	$11.18
Exercise price, upper limit (in dollars per share)	$11.99
Options Outstanding (in shares)	340,212
Options Outstanding, Intrinsic value	0
Options Vested (in shares)	277,253
Options vested, Intrinsic Value	0
Weighted Average Remaining Life	7 years 2 months 16 days
$12.28 - $12.97
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price, lower limit (in dollars per share)	$12.28
Exercise price, upper limit (in dollars per share)	$12.97
Options Outstanding (in shares)	428,822
Options Outstanding, Intrinsic value	0
Options Vested (in shares)	321,753
Options vested, Intrinsic Value	0
Weighted Average Remaining Life	7 years 6 months 7 days
$13.00 - $13.48
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price, lower limit (in dollars per share)	$13
Exercise price, upper limit (in dollars per share)	$13.48
Options Outstanding (in shares)	177,310
Options Outstanding, Intrinsic value	0
Options Vested (in shares)	109,653
Options vested, Intrinsic Value	0
Weighted Average Remaining Life	7 years 10 months 20 days
$14.03 - $14.88
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price, lower limit (in dollars per share)	$14.03
Exercise price, upper limit (in dollars per share)	$14.88
Options Outstanding (in shares)	329,111
Options Outstanding, Intrinsic value	0
Options Vested (in shares)	320,832
Options vested, Intrinsic Value	0
Weighted Average Remaining Life	5 years 11 months 12 days
$16.08 - $17.71
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise price, lower limit (in dollars per share)	$16.08
Exercise price, upper limit (in dollars per share)	$17.71
Options Outstanding (in shares)	546,020
Options Outstanding, Intrinsic value	0
Options Vested (in shares)	273,020
Options vested, Intrinsic Value	$0
Weighted Average Remaining Life	8 years 10 months 6 days

STOCKBASED_COMPENSATION_Stock_1

STOCK-BASED COMPENSATION Stock Incentive Plan (Detail)	Mar. 31, 2015
Compensation Plan [Line Items]
Total equity available to issue	2,000,000
Total equity outstanding or exercised	1,447,195
Total equity remaining	552,805

STOCKBASED_COMPENSATION_Outsta1

STOCK-BASED COMPENSATION Outstanding Unvested Restricted Stock Awards (Detail) (Restricted Stock [Member])	3 Months Ended
	Mar. 31, 2015
Restricted Stock [Member]
Unvested Shares
Outstanding at beginning of period (in shares)	687,005
Granted (in shares)	18,000
Vested (in shares)	-125,050
Cancelled (in shares)	-7,150
Outstanding at end of period (in shares)	572,805

WARRANTS_Outstanding_Warrants_

WARRANTS Outstanding Warrants (Detail) (USD $)	3 Months Ended
	Mar. 31, 2015
Class of Warrant or Right [Line Items]
Warrants Outstanding (in shares)	4,301,861
Warrants Vested (in shares)	4,301,861
$4.00
Class of Warrant or Right [Line Items]
Exercise Price (in dollars per share)	$4
Warrants Outstanding (in shares)	1,749,250
Warrants Vested (in shares)	1,749,250
Weighted Average Remaining Life	4 months 20 days
$5.50
Class of Warrant or Right [Line Items]
Exercise Price (in dollars per share)	$5.50
Warrants Outstanding (in shares)	2,184,495
Warrants Vested (in shares)	2,184,495
Weighted Average Remaining Life	1 year 1 month 16 days
$9.25
Class of Warrant or Right [Line Items]
Exercise Price (in dollars per share)	$9.25
Warrants Outstanding (in shares)	210,000
Warrants Vested (in shares)	210,000
Weighted Average Remaining Life	1 year 11 months 15 days
$12.65
Class of Warrant or Right [Line Items]
Exercise Price (in dollars per share)	$12.65
Warrants Outstanding (in shares)	158,116
Warrants Vested (in shares)	158,116
Weighted Average Remaining Life	4 years 7 months 28 days

SEGMENTS_Fixed_Assets_Segregat

SEGMENTS Fixed Assets Segregated by Segment (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Segment Reporting Information [Line Items]
Goodwill	$306,350		$295,984
Intangible Assets, Net (Excluding Goodwill)	26,139		21,109
Property and equipment, net	29,513		29,341
Depreciation Expense	1,900	1,600
Intangible Amortization	3,070	3,125
Government Solutions [Member]
Segment Reporting Information [Line Items]
Goodwill	290,883		280,517
Intangible Assets, Net (Excluding Goodwill)	19,294		12,985
Property and equipment, net	12,860		10,644
Depreciation Expense	744	866
Intangible Amortization	1,791	2,143
Commercial Cyber Solutions [Member]
Segment Reporting Information [Line Items]
Goodwill	15,467		15,467
Intangible Assets, Net (Excluding Goodwill)	6,845		8,124
Property and equipment, net	7,148		7,393
Depreciation Expense	614	148
Intangible Amortization	1,279	982
Corporate
Segment Reporting Information [Line Items]
Goodwill	0		0
Intangible Assets, Net (Excluding Goodwill)	0		0
Property and equipment, net	9,505		9,815
Depreciation Expense	586	540
Intangible Amortization	$0	$0