XML 32 R21.htm IDEA: XBRL DOCUMENT v3.22.2.2
Summary of Significant Accounting Policies (Tables)
 9 Months Ended
Oct. 01, 2022
Accounting Policies [Abstract]  
Schedule of Cash Flow, Supplemental Disclosures Supplemental Cash Flow Information
(Dollars in thousands)
Nine Months Ended
October 1,
2022		October 2,
2021
Interest paid$7,417 $7,672 
Taxes paid, net$2,286 $3,082 
Non-cash activities:
     Purchases of property and equipment not paid$1,828 $1,698 
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)		(Dollars in thousands,
except per share data)
Three Months EndedNine Months Ended
 October 1,
2022		October 2,
2021		October 1,
2022		October 2,
2021
Net income$8,462 $9,584 $20,708 $24,702 
Weighted-average number of common shares outstanding
Basic weighted-average common shares outstanding12,112 11,920 12,057 11,862 
Dilutive potential common shares238 322 289 386 
Diluted weighted-average common shares outstanding12,350 12,242 12,346 12,248 
Earnings per share
Basic$0.70 $0.80 $1.72 $2.08 
Diluted$0.69 $0.78 $1.68 $2.02 
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)(In thousands)
Three Months EndedNine Months Ended
 October 1,
2022		October 2,
2021		October 1,
2022		October 2,
2021
Stock options and stock units82 9 50 6 
Schedule of Contract with Customer, Asset and Liability Contract assets and contract liabilities from revenue contracts with customers are as follows:
(Dollars in thousands)
October 1,
2022		December 31,
2021
Contract assets$194,496 $176,405 
Contract liabilities$34,057 $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)(Dollars in thousands)
Three Months EndedNine Months Ended
October 1
2022		October 2,
2021		October 1
2022		October 2,
2021
Consolidated Ducommun
Military and space$106,303 $113,622 $312,317 $340,757 
Commercial aerospace
68,348 41,150 179,490 114,104 
Industrial11,939 8,455 32,462 25,709 
Total$186,590 $163,227 $524,269 $480,570 
Electronic Systems
Military and space$78,811 $81,365 $230,818 $243,853 
Commercial aerospace22,654 14,901 57,322 37,060 
Industrial11,939 8,455 32,462 25,709 
Total$113,404 $104,721 $320,602 $306,622 
Structural Systems
Military and space$27,492 $32,257 $81,499 $96,904 
Commercial aerospace45,694 26,249 122,168 77,044 
Total$73,186 $58,506 $203,667 $173,948