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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2020
Accounting Policies [Abstract]  
Schedule of Cash Flow, Supplemental Disclosures
Supplemental Cash Flow Information
(Dollars in thousands)
Years Ended December 31,
202020192018
Interest paid$11,859 $16,474 $11,573 
Taxes paid$3,810 $5,699 $316 
Non-cash activities:
     Purchases of property and equipment not paid$2,477 $1,380 $824 
Schedule of Contract with Customer, Asset and Liability
Contract assets and contract liabilities from revenue contracts with customers are as follows:
(Dollars in thousands)
December 31,
2020
December 31,
2019
Contract assets$154,028 $106,670 
Contract liabilities$28,264 $14,517 
Schedule of Disaggregation of Revenue In addition to the revenue categories disclosed above, the following table reflects our revenue disaggregated by major end-use market:
(Dollars in thousands)
Years Ended December 31,
% of Net Revenues
Change2020201920202019
Consolidated Ducommun
Military and space$99,059 $422,859 $323,800 67.2 %44.9 %
Commercial aerospace
(180,361)168,142 348,503 26.8 %48.3 %
Industrial(10,845)37,940 48,785 6.0 %6.8 %
Total$(92,147)$628,941 $721,088 100.0 %100.0 %
Electronic Systems
Military and space$64,431 $308,676 $244,245 78.6 %67.8 %
Commercial aerospace(21,326)46,017 67,343 11.7 %18.7 %
Industrial(10,845)37,940 48,785 9.7 %13.5 %
Total$32,260 $392,633 $360,373 100.0 %100.0 %
Structural Systems
Military and space$34,628 $114,183 $79,555 48.3 %22.1 %
Commercial aerospace(159,035)122,125 281,160 51.7 %77.9 %
Total$(124,407)$236,308 $360,715 100.0 %100.0 %
Schedule of 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)
Years Ended December 31,
 202020192018
Net income$29,174 $32,461 $9,035 
Weighted-average number of common shares outstanding
Basic weighted-average common shares outstanding11,676 11,518 11,390 
Dilutive potential common shares256 274 269 
Diluted weighted-average common shares outstanding11,932 11,792 11,659 
Earnings per share
Basic$2.50 $2.82 $0.79 
Diluted$2.45 $2.75 $0.77 
Schedule of 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)
Years Ended December 31,
 202020192018
Stock options and stock units254 127 208