Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 28, 2019

Schedule of Supplemental Cash Flow Information

Supplemental Cash Flow Information



	(In thousands)
	Nine Months Ended
	September 28, 2019		September 29, 2018
Interest paid	$	11,597	$	8,073
Taxes paid	$	4,610	$	195
Non-cash activities:
Purchases of property and equipment not paid	$	1,054	$	970

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				Nine Months Ended
	September 28, 2019		September 29, 2018		September 28, 2019		September 29, 2018
Net income	$	8,303	$	4,171	$	23,590	$	8,362
Weighted-average number of common shares outstanding
Basic weighted-average common shares outstanding	11,551		11,404		11,501		11,382
Dilutive potential common shares	243		279		283		257
Diluted weighted-average common shares outstanding	11,794		11,683		11,784		11,639
Earnings per share
Basic	$	0.72	$	0.37	$	2.05	$	0.73
Diluted	$	0.70	$	0.36	$	2.00	$	0.72

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

Potentially dilutive 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

Nine Months Ended

September 28,
2019

September 29,
2018

September 28,
2019

September 29,
2018

Stock options and stock units

206

171

100

216

Contract with Customer, Asset and Liability

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



	(In thousands)
	September 28, 2019		December 31, 2018
Contract assets	$	102,475	$	86,665
Contract liabilities	$	11,850	$	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				Nine Months Ended
	September 28 2019		September 29, 2018		September 28 2019		September 29, 2018
Consolidated Ducommun
Military and space	$	80,487	$	71,459	$	231,635	$	208,140
Commercial aerospace	88,922		76,343		269,080		219,019
Industrial	11,692		12,040		33,447		37,965
Total	$	181,101	$	159,842	$	534,162	$	465,124

Electronic Systems
Military and space	$	59,081	$	54,068	$	176,813	$	160,969
Commercial aerospace	19,815		19,588		53,785		53,672
Industrial	11,692		12,040		33,447		37,965
Total	$	90,588	$	85,696	$	264,045	$	252,606

Structural Systems
Military and space	$	21,406	$	17,391	$	54,822	$	47,171
Commercial aerospace	69,107		56,755		215,295		165,347
Total	$	90,513	$	74,146	$	270,117	$	212,518