XML 31 R22.htm IDEA: XBRL DOCUMENT v3.23.3
Summary of Significant Accounting Policies (Tables)
 9 Months Ended
Sep. 30, 2023
Accounting Policies [Abstract]  
Schedule of Cash Flow, Supplemental Disclosures Supplemental Cash Flow Information
(Dollars in thousands)
Nine Months Ended
September 30,
2023		October 1,
2022
Interest paid$14,528 $7,417 
Taxes paid, net$10,322 $2,286 
Non-cash activities:
     Purchases of property and equipment not paid$958 $1,828 
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
 September 30,
2023		October 1,
2022		September 30,
2023		October 1,
2022
Net income$3,213 $8,462 $10,818 $20,708 
Weighted-average number of common shares outstanding
Basic weighted-average common shares outstanding14,625 12,112 13,408 12,057 
Dilutive potential common shares189 238 253 289 
Diluted weighted-average common shares outstanding14,814 12,350 13,661 12,346 
Earnings per share
Basic$0.22 $0.70 $0.81 $1.72 
Diluted$0.22 $0.69 $0.79 $1.68 
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
 September 30,
2023		October 1,
2022		September 30,
2023		October 1,
2022
Stock options and stock units82 82 45 50 
Schedule of Contract with Customer, Asset and Liability Contract assets and contract liabilities from revenue contracts with customers are as follows:
(Dollars in thousands)
September 30,
2023		December 31,
2022
Contract assets$191,151 $191,290 
Contract liabilities$51,477 $47,068 
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
September 30,
2023		October 1,
2022		September 30,
2023		October 1,
2022
Consolidated Ducommun
Military and space$108,693 $106,303 $301,020 $312,317 
Commercial aerospace
77,904 68,348 229,201 179,490 
Industrial9,653 11,939 34,540 32,462 
Total$196,250 $186,590 $564,761 $524,269 
Electronic Systems
Military and space$75,579 $78,811 $220,678 $230,818 
Commercial aerospace25,475 22,654 68,239 57,322 
Industrial9,653 11,939 34,540 32,462 
Total$110,707 $113,404 $323,457 $320,602 
Structural Systems
Military and space$33,114 $27,492 $80,342 $81,499 
Commercial aerospace52,429 45,694 160,962 122,168 
Total$85,543 $73,186 $241,304 $203,667