Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 28, 2020

Accounting Policies [Abstract]

Schedule of Supplemental Cash Flow Information

Supplemental Cash Flow Information

	(In thousands)
	Three Months Ended
	March 28, 2020		March 30, 2019
Interest paid	$	3,523	$	3,984
Taxes paid	$	33	$	5
Non-cash activities:
Purchases of property and equipment not paid	$	464	$	2,124

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 28, 2020		March 30, 2019
Net income	$	7,930	$	7,472
Weighted-average number of common shares outstanding
Basic weighted-average common shares outstanding	11,610		11,434
Dilutive potential common shares	245		321
Diluted weighted-average common shares outstanding	11,855		11,755
Earnings per share
Basic	$	0.68	$	0.65
Diluted	$	0.67	$	0.64

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
	March 28, 2020	March 30, 2019
Stock options and stock units	253	178

Contract with Customer, Asset and Liability

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

	(In thousands)
	March 28, 2020		December 31, 2019
Contract assets	$	117,213	$	106,670
Contract liabilities	$	27,878	$	14,517

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 28 2020		March 30, 2019
Consolidated Ducommun
Military and space	$	100,820	$	76,661
Commercial aerospace	62,525		85,496
Industrial	10,130		10,409
Total	$	173,475	$	172,566
Electronic Systems
Military and space	$	73,238	$	60,387
Commercial aerospace	14,752		13,401
Industrial	10,130		10,409
Total	$	98,120	$	84,197
Structural Systems
Military and space	$	27,582	$	16,274
Commercial aerospace	47,773		72,095
Total	$	75,355	$	88,369