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Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 29, 2024
Accounting Policies [Abstract]  
Schedule of Cash Flow, Supplemental Disclosures
Supplemental Cash Flow Information
(Dollars in thousands)
Six Months Ended
June 29,
2024
July 1,
2023
Interest paid, net$7,372 $9,529 
Taxes paid, net$4,001 $10,038 
Non-cash activities:
     Purchases of property and equipment not paid$479 $1,291 
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 EndedSix Months Ended
 June 29,
2024
July 1,
2023
June 29,
2024
July 1,
2023
Net income$7,724 $2,374 $14,573 $7,605 
Weighted-average number of common shares outstanding
Basic weighted-average common shares outstanding14,775 13,403 14,735 12,799 
Dilutive potential common shares186 196 219 276 
Diluted weighted-average common shares outstanding14,961 13,599 14,954 13,075 
Earnings per share
Basic$0.52 $0.18 $0.99 $0.59 
Diluted$0.52 $0.17 $0.97 $0.58 
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 EndedSix Months Ended
 June 29,
2024
July 1,
2023
June 29,
2024
July 1,
2023
Stock options and stock units51 111 56 56 
Schedule of Estimates at Completion
Net cumulative favorable and unfavorable catch-up adjustments to contracts had the following impact on our operating results:
(Dollars in thousands)(Dollars in thousands)
Three Months EndedSix Months Ended
 June 29,
2024
July 1,
2023
June 29,
2024
July 1,
2023
Total net revenues$387 $(4,184)$(1,548)$(7,440)
Operating income$387 $(4,184)$(1,548)$(7,440)
Schedule of Contract with Customer, Asset and Liability
Contract assets and contract liabilities from revenue contracts with customers are as follows:
(Dollars in thousands)
June 29,
2024
December 31,
2023
Contract assets$210,314 $177,686 
Contract liabilities$50,034 $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)(Dollars in thousands)
Three Months EndedSix Months Ended
June 29,
2024
July 1,
2023
June 29,
2024
July 1,
2023
Consolidated Ducommun
Military and space$100,538 $97,370 $199,467 $195,040 
Commercial aerospace
86,643 76,764 166,560 148,584 
Industrial9,819 13,186 21,820 24,887 
Total$197,000 $187,320 $387,847 $368,511 
Electronic Systems
Military and space$69,987 $71,772 $142,492 $145,099 
Commercial aerospace21,634 22,166 44,667 42,764 
Industrial9,819 13,186 21,820 24,887 
Total$101,440 $107,124 $208,979 $212,750 
Structural Systems
Military and space$30,551 $25,598 $56,975 $49,941 
Commercial aerospace65,009 54,598 121,893 105,820 
Total$95,560 $80,196 $178,868 $155,761