Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 29, 2019

Schedule of Supplemental Cash Flow Information

Supplemental Cash Flow Information



	(In thousands)
	Six Months Ended
	June 29, 2019		June 30, 2018
Interest paid	$	7,985	$	5,202
Taxes paid	$	3,389	$	91
Non-cash activities:
Purchases of property and equipment not paid	$	3,671	$	1,589

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)				(In thousands, except per share data)
	Three Months Ended				Six Months Ended
	June 29, 2019		June 30, 2018		June 29, 2019		June 30, 2018
Net income	$	7,815	$	1,591	$	15,287	$	4,191
Weighted-average number of common shares outstanding
Basic weighted-average common shares outstanding	11,513		11,394		11,475		11,370
Dilutive potential common shares	245		230		279		239
Diluted weighted-average common shares outstanding	11,758		11,624		11,754		11,609
Earnings per share
Basic	$	0.68	$	0.14	$	1.33	$	0.37
Diluted	$	0.66	$	0.14	$	1.30	$	0.36

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

Potentially dilutive stock options and stock awards 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

Six Months Ended

June 29,
2019

June 30,
2018

June 29,
2019

June 30,
2018

Stock options and stock units

224

186

Contract with Customer, Asset and Liability

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



	(In thousands)
	June 29, 2019		December 31, 2018
Contract assets	$	100,527	$	86,665
Contract liabilities	$	13,183	$	17,145

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 29 2019		June 30, 2018		June 29 2019		June 30, 2018
Consolidated Ducommun
Military and space	$	77,189	$	70,326	$	150,886	$	136,681
Commercial aerospace	91,988		71,844		180,456		142,676
Industrial	11,318		12,657		21,719		25,925
Total	$	180,495	$	154,827	$	353,061	$	305,282

Electronic Systems
Military and space	$	60,272	$	54,368	$	117,704	$	106,901
Commercial aerospace	17,670		17,477		34,034		34,084
Industrial	11,318		12,657		21,719		25,925
Total	$	89,260	$	84,502	$	173,457	$	166,910

Structural Systems
Military and space	$	16,917	$	15,958	$	33,182	$	29,780
Commercial aerospace	74,318		54,367		146,422		108,592
Total	$	91,235	$	70,325	$	179,604	$	138,372