Business Segment Information

12 Months Ended

Dec. 31, 2012

Business Segment Information

Note 16. Business Segment Information

We supply products and services primarily to the aerospace and defense industries. Our subsidiaries are organized into two strategic businesses, DAS and DLT, each of which is a reportable operating segment.

In the fourth quarter of 2011, we recorded a pre-tax non-cash charge of $54.3 million at DLT for the impairment of goodwill.

Financial information by reportable operating segment was as follows:

	(In thousands)
	Years Ended December 31,
	2012			2011			2010
Net Sales
Ducommun AeroStructures (DAS)	$	309,982		$	292,759		$	271,572
Ducommun LaBarge Technologies (DLT)		437,055			288,155			136,834
Total Net Sales	$	747,037		$	580,914		$	408,406
Segment Operating Income (Loss) (1)
Ducommun AeroStructures (DAS)	$	28,792		$	25,798		$	28,738
Ducommun LaBarge Technologies (DLT) (2)		40,698			(33,390	)		13,151
		69,490			(7,592	)		41,889
Corporate General and Administrative Expenses (3)		(14,677	)		(26,535	)		(15,421	)
Operating Income (Loss)	$	54,813		$	(34,127	)	$	26,468
Depreciation and Amortization Expenses
Ducommun AeroStructures (DAS)	$	10,313		$	9,953		$	9,666
Ducommun LaBarge Technologies (DLT)		18,934			11,445			3,880
Corporate Administration		166			60			51
Total Depreciation and Amortization Expenses	$	29,413		$	21,458		$	13,597
Capital Expenditures
Ducommun AeroStructures (DAS)	$	7,950		$	8,798		$	5,150
Ducommun LaBarge Technologies (DLT)		7,809			5,454			1,904
Corporate Administration		54			284			52
Total Capital Expenditures	$	15,813		$	14,536		$	7,106

⁽¹⁾  Before certain allocated corporate overhead.

⁽²⁾  Includes approximately $54.3 million of goodwill impairment expense in 2011.

⁽³⁾  Includes approximately $0.7 million in 2012 and $12.4 million in 2011 of merger-related transaction expenses.

Segment assets include assets directly identifiable with each segment. Corporate assets include assets not specifically identified with a business segment, including cash.

	(In thousands)
	December 31,
	2012		2011
Total Assets
Ducommun AeroStructures (DAS)	$	248,326	$	240,950
Ducommun LaBarge Technologies (DLT)		465,217		495,247
Corporate Administration		71,531		71,890
Total Assets	$	785,074	$	808,087
Goodwill and Intangibles
Ducommun AeroStructures (DAS)	$	67,459	$	70,314
Ducommun LaBarge Technologies (DLT)		270,837		281,385
Total Goodwill and Intangibles	$	338,296	$	351,699