Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2018

Schedule of Supplemental Cash Flow Information

Supplemental Cash Flow Information



	(In thousands) Three Months Ended
	March 31, 2018		April 1, 2017
Interest paid	$	2,405	$	1,535
Taxes paid	$	—	$	—
Non-cash activities:
Purchases of property and equipment not paid	$	3,026	$	3,065

Weighted Average Number of Shares Outstanding Used to Compute Earnings Per Share

The net income and weighted-average common shares outstanding used to compute earnings per share were as follows:



	(In thousands, except per share data) Three Months Ended
	March 31, 2018		April 1, 2017
Net income	$	2,600	$	2,115
Weighted-average number of common shares outstanding
Basic weighted-average common shares outstanding	11,346		11,208
Dilutive potential common shares	267		287
Diluted weighted-average common shares outstanding	11,613		11,495
Earnings per share
Basic	$	0.23	$	0.19
Diluted	$	0.22	$	0.18

Weighted Average Number of Shares Outstanding Excluded from Computation of Diluted Earnings

Potentially dilutive stock options and stock units to purchase common stock, as shown below, were excluded from the computation of diluted earnings per share because their inclusion would have been anti-dilutive. However, these shares may be potentially dilutive common shares in the future.

Contract with Customer, Asset and Liability

Contract assets and contract liabilities from revenue contracts with customers are as follows:



	(In thousands)
	March 31, 2018		December 31, 2017
Contract assets	$	78,163	$	—
Contract liabilities	$	15,723	$	—

Disaggregation of Revenue

In addition to the revenue categories disclosed above, the following table reflects our revenue disaggregated by major end-use market:



	(In thousands)
	Three Months Ended
	March 31 2018		April 1, 2017
Consolidated Ducommun
Military and space
Defense electronics	$	54,500	$	48,923
Defense structures	11,840		14,521
Commercial aerospace	72,470		58,385
Industrial	11,645		14,468
Total	$	150,455	$	136,297

Structural Systems
Military and space (defense structures)	$	11,840	$	14,521
Commercial aerospace	56,206		43,054
Total	$	68,046	$	57,575

Electronic Systems
Military and space (defense electronics)	$	54,500	$	48,923
Commercial aerospace	16,264		15,331
Industrial	11,645		14,468
Total	$	82,409	$	78,722

(In thousands)
Three Months Ended

March 31,
2018

April 1,
2017

Stock options and stock units