Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2018

Schedule of Supplemental Cash Flow Information

Supplemental Cash Flow Information



	(In thousands) Six Months Ended
	June 30, 2018		July 1, 2017
Interest paid	$	5,202	$	3,102
Taxes paid	$	91	$	685
Non-cash activities:
Purchases of property and equipment not paid	$	1,589	$	2,878

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				(In thousands, except per share data) Six Months Ended
	June 30, 2018		July 1, 2017		June 30, 2018		July 1, 2017
Net income	$	1,591	$	3,823	$	4,191	$	5,938
Weighted-average number of common shares outstanding
Basic weighted-average common shares outstanding	11,394		11,237		11,370		11,253
Dilutive potential common shares	230		254		239		303
Diluted weighted-average common shares outstanding	11,624		11,491		11,609		11,556
Earnings per share
Basic	$	0.14	$	0.34	$	0.37	$	0.53
Diluted	$	0.14	$	0.33	$	0.36	$	0.51

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.

(In thousands)

Three Months Ended

(In thousands)

Six Months Ended

June 30,
2018

July 1,
2017

June 30,
2018

July 1,
2017

Stock options and stock units

224

154

186

156

Contract with Customer, Asset and Liability

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



	(In thousands)
	June 30, 2018		December 31, 2017
Contract assets	$	81,663	$	—
Contract liabilities	$	15,164	$	—

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)				(In thousands)
	Three Months Ended				Six Months Ended
	June 30 2018		July 1, 2017		June 30 2018		July 1, 2017
Consolidated Ducommun
Military and space	$	70,326	$	70,174	$	136,681	$	134,115
Commercial aerospace	71,844		55,730		142,676		113,091
Industrial	12,657		15,034		25,925		30,029
Total	$	154,827	$	140,938	$	305,282	$	277,235

Structural Systems
Military and space	$	15,958	$	15,476	$	29,780	$	29,780
Commercial aerospace	54,367		43,636		108,592		86,907
Total	$	70,325	$	59,112	$	138,372	$	116,687

Electronic Systems
Military and space	$	54,368	$	54,698	$	106,901	$	104,335
Commercial aerospace	17,477		12,094		34,084		26,184
Industrial	12,657		15,034		25,925		30,029
Total	$	84,502	$	81,826	$	166,910	$	160,548