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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 27, 2020
Accounting Policies [Abstract]  
Schedule of Supplemental Cash Flow Information
Supplemental Cash Flow Information
(In thousands)
Six Months Ended
June 27,
2020
June 29,
2019
Interest paid$6,114  $7,985  
Taxes paid$495  $3,389  
Non-cash activities:
     Purchases of property and equipment not paid$1,914  $3,671  
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 EndedSix Months Ended
 June 27,
2020
June 29,
2019
June 27,
2020
June 29,
2019
Net income$5,090  $7,815  $13,020  $15,287  
Weighted-average number of common shares outstanding
Basic weighted-average common shares outstanding11,665  11,513  11,638  11,475  
Dilutive potential common shares163  245  207  279  
Diluted weighted-average common shares outstanding11,828  11,758  11,845  11,754  
Earnings per share
Basic$0.44  $0.68  $1.12  $1.33  
Diluted$0.43  $0.66  $1.10  $1.30  
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 awards may be potentially dilutive common shares in the future.
(In thousands)(In thousands)
Three Months EndedSix Months Ended
 June 27,
2020
June 29,
2019
June 27,
2020
June 29,
2019
Stock options and stock units450  66  352  55  
Contract with Customer, Asset and Liability
Contract assets and contract liabilities from revenue contracts with customers are as follows:
(In thousands)
June 27,
2020
December 31,
2019
Contract assets$122,877  $106,670  
Contract liabilities$27,082  $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)(In thousands)
Three Months EndedSix Months Ended
June 27
2020
June 29,
2019
June 27
2020
June 29,
2019
Consolidated Ducommun
Military and space$94,597  $77,189  $194,088  $150,886  
Commercial aerospace
40,418  91,988  104,268  180,456  
Industrial12,294  11,318  22,428  21,719  
Total$147,309  $180,495  $320,784  $353,061  
Electronic Systems
Military and space$68,021  $60,272  $141,150  $117,704  
Commercial aerospace11,635  17,670  26,492  34,034  
Industrial12,294  11,318  22,428  21,719  
Total$91,950  $89,260  $190,070  $173,457  
Structural Systems
Military and space$26,576  $16,917  $52,938  $33,182  
Commercial aerospace28,783  74,318  77,776  146,422  
Total$55,359  $91,235  $130,714  $179,604