XML 29 R19.htm IDEA: XBRL DOCUMENT v3.21.2
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jul. 03, 2021
Accounting Policies [Abstract]  
Schedule of Supplemental Cash Flow Information Supplemental Cash Flow Information
(Dollars in thousands)
Six Months Ended
July 3,
2021
June 27,
2020
Interest paid$5,132 $6,114 
Taxes paid, net$1,584 $495 
Non-cash activities:
     Purchases of property and equipment not paid$1,567 $1,914 
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:
(Dollars in thousands,
except per share data)
(Dollars in thousands,
except per share data)
Three Months EndedSix Months Ended
 July 3,
2021
June 27,
2020
July 3,
2021
June 27,
2020
Net income$8,423 $5,090 $15,118 $13,020 
Weighted-average number of common shares outstanding
Basic weighted-average common shares outstanding11,878 11,665 11,834 11,638 
Dilutive potential common shares370 163 414 207 
Diluted weighted-average common shares outstanding12,248 11,828 12,248 11,845 
Earnings per share
Basic$0.71 $0.44 $1.28 $1.12 
Diluted$0.69 $0.43 $1.23 $1.10 
Weighted Average Number of Shares Outstanding Excluded from Computation of Diluted Earnings Potentially dilutive stock awards, 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
 July 3,
2021
June 27,
2020
July 3,
2021
June 27,
2020
Stock options and stock units450 67 352 
Contract with Customer, Asset and Liability Contract assets and contract liabilities from revenue contracts with customers are as follows:
(Dollars in thousands)
July 3,
2021
December 31,
2020
Contract assets$172,938 $154,028 
Contract liabilities$21,870 $28,264 
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)(Dollars in thousands)
Three Months EndedSix Months Ended
July 3
2021
June 27,
2020
July 3
2021
June 27,
2020
Consolidated Ducommun
Military and space$113,008 $94,522 $227,135 $196,421 
Commercial aerospace
37,577 39,635 72,954 100,217 
Industrial9,607 13,152 17,254 24,146 
Total$160,192 $147,309 $317,343 $320,784 
Electronic Systems
Military and space$80,755 $69,166 $162,488 $143,483 
Commercial aerospace12,435 9,632 22,159 22,441 
Industrial9,607 13,152 17,254 24,146 
Total$102,797 $91,950 $201,901 $190,070 
Structural Systems
Military and space$32,253 $25,356 $64,647 $52,938 
Commercial aerospace25,142 30,003 50,795 77,776 
Total$57,395 $55,359 $115,442 $130,714