Summary of Significant Accounting Policies (Tables)

3 Months Ended

Apr. 02, 2022

Accounting Policies [Abstract]

Schedule of Cash Flow, Supplemental Disclosures

Supplemental Cash Flow Information

	(Dollars in thousands)
	Three Months Ended
	April 2, 2022		April 3, 2021
Interest paid	$	2,186	$	2,544
Taxes paid (refunded), net	$	10	$	(30)
Non-cash activities:
Purchases of property and equipment not paid	$	1,576	$	540

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:

	(Dollars in thousands, except per share data)
	Three Months Ended
	April 2, 2022		April 3, 2021
Net income	$	8,099	$	6,695
Weighted-average number of common shares outstanding
Basic weighted-average common shares outstanding	11,989		11,791
Dilutive potential common shares	339		459
Diluted weighted-average common shares outstanding	12,328		12,250
Earnings per share
Basic	$	0.68	$	0.57
Diluted	$	0.66	$	0.55

Schedule of 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)
	Three Months Ended
	April 2, 2022	April 3, 2021
Stock options and stock units	7	3

Schedule of Contract with Customer, Asset and Liability

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

	(Dollars in thousands)
	April 2, 2022		December 31, 2021
Contract assets	$	187,171	$	176,405
Contract liabilities	$	37,841	$	42,077

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)
	Three Months Ended
	April 2 2022		April 3, 2021
Consolidated Ducommun
Military and space	$	99,334	$	114,127
Commercial aerospace	54,075		35,377
Industrial	10,072		7,647
Total	$	163,481	$	157,151
Electronic Systems
Military and space	$	71,820	$	81,733
Commercial aerospace	15,574		9,724
Industrial	10,072		7,647
Total	$	97,466	$	99,104
Structural Systems
Military and space	$	27,514	$	32,394
Commercial aerospace	38,501		25,653
Total	$	66,015	$	58,047