Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 30, 2024

Accounting Policies [Abstract]

Schedule of Cash Flow, Supplemental Disclosures

Supplemental Cash Flow Information

	(Dollars in thousands)
	Three Months Ended
	March 30, 2024		April 1, 2023
Interest paid, net	$	3,975	$	4,010
Taxes paid, net	$	92	$	8,167
Non-cash activities:
Purchases of property and equipment not paid	$	578	$	814

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
	March 30, 2024		April 1, 2023
Net income	$	6,849	$	5,231
Weighted-average number of common shares outstanding
Basic weighted-average common shares outstanding	14,694		12,195
Dilutive potential common shares	243		343
Diluted weighted-average common shares outstanding	14,937		12,538
Earnings per share
Basic	$	0.47	$	0.43
Diluted	$	0.46	$	0.42

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
	March 30, 2024	April 1, 2023
Stock options and stock units	2	28

Schedule of Estimates at Completion

Net EAC adjustments had the following impact on our operating results:

	(Dollars in thousands)
	Three Months Ended
	March 30, 2024		April 1, 2023
Total net revenues	$	(1,935)	$	(3,256)
Operating income	$	(1,935)	$	(3,256)

Schedule of Contract with Customer, Asset and Liability

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

	(Dollars in thousands)
	March 30, 2024		December 31, 2023
Contract assets	$	197,056	$	177,686
Contract liabilities	$	57,790	$	53,492

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
	March 30, 2024		April 1, 2023
Consolidated Ducommun
Military and space	$	98,929	$	97,670
Commercial aerospace	79,917		71,820
Industrial	12,001		11,701
Total	$	190,847	$	181,191
Electronic Systems
Military and space	$	72,505	$	73,327
Commercial aerospace	23,033		20,598
Industrial	12,001		11,701
Total	$	107,539	$	105,626
Structural Systems
Military and space	$	26,424	$	24,343
Commercial aerospace	56,884		51,222
Total	$	83,308	$	75,565