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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
Schedule of Cash Flow, Supplemental Disclosures
Supplemental Cash Flow Information
(Dollars in thousands)
Years Ended December 31,
202120202019
Interest paid$10,135 $11,859 $16,474 
Taxes paid$32,934 $3,810 $5,699 
Non-cash activities:
     Purchases of property and equipment not paid$1,333 $2,477 $1,380 
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,
2021
December 31,
2020
Contract assets$176,405 $154,028 
Contract liabilities$42,077 $28,264 
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
Change2021202020212020
Consolidated Ducommun
Military and space$30,989 $453,848 $422,859 70.3 %67.2 %
Commercial aerospace
(12,411)155,731 168,142 24.1 %26.8 %
Industrial(2,106)35,834 37,940 5.6 %6.0 %
Total$16,472 $645,413 $628,941 100.0 %100.0 %
Electronic Systems
Military and space$19,235 $327,911 $308,676 79.5 %78.6 %
Commercial aerospace2,886 48,903 46,017 11.8 %11.7 %
Industrial(2,106)35,834 37,940 8.7 %9.7 %
Total$20,015 $412,648 $392,633 100.0 %100.0 %
Structural Systems
Military and space$11,754 $125,937 $114,183 54.1 %48.3 %
Commercial aerospace(15,297)106,828 122,125 45.9 %51.7 %
Total$(3,543)$232,765 $236,308 100.0 %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,
 202120202019
Net income$135,536 $29,174 $32,461 
Weighted-average number of common shares outstanding
Basic weighted-average common shares outstanding11,879 11,676 11,518 
Dilutive potential common shares372 256 274 
Diluted weighted-average common shares outstanding12,251 11,932 11,792 
Earnings per share
Basic$11.41 $2.50 $2.82 
Diluted$11.06 $2.45 $2.75 
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,
 202120202019
Stock options and stock units254 127