The reports usually have 2 sections.
Some lines per period or other fields that you can filter when you want to view a report, and one "totals" line.
This "totals" line is retrieved via a query also. The isTotals
tells magento to modify the select of the collection if it is used for rendering the totals line.
See for example what isTotals
does in Mage_Reports_Model_Resource_Report_Product_Viewed_Collection::_beforeLoad
if ($this->isTotals()) {
// calculate total
$cloneSelect = clone $this->getSelect();
$this->getSelect()->reset()->from($cloneSelect, $this->getAggregatedColumns());
} else {
// add sorting
$this->getSelect()->order(array('period ASC', 'views_num DESC'));
}