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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 28, 2024
Accounting Policies [Abstract]  
Schedule of Cash Flow, Supplemental Disclosures
Supplemental Cash Flow Information
(Dollars in thousands)
Nine Months Ended
September 28,
2024
September 30,
2023
Interest paid, net$9,452 $14,528 
Taxes paid, net$8,194 $10,322 
Non-cash activities:
     Purchases of property and equipment not paid$674 $958 
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 28,
2024
September 30,
2023
September 28,
2024
September 30,
2023
Net income$10,148 $3,213 $24,721 $10,818 
Weighted-average number of common shares outstanding
Basic weighted-average common shares outstanding14,806 14,625 14,758 13,408 
Dilutive potential common shares233 189 223 253 
Diluted weighted-average common shares outstanding15,039 14,814 14,981 13,661 
Earnings per share
Basic$0.69 $0.22 $1.68 $0.81 
Diluted$0.67 $0.22 $1.65 $0.79 
Schedule of Weighted Average Number of Shares Outstanding Excluded from Computation of Diluted Earnings
Potentially dilutive stock awards, as shown below, were excluded from the computation of diluted earnings per share because their inclusion would have been anti-dilutive. However, these awards may be potentially dilutive common shares in the future.
(In thousands)(In thousands)
Three Months EndedNine Months Ended
 September 28,
2024
September 30,
2023
September 28,
2024
September 30,
2023
Stock options and stock units82 50 45 
Schedule of Estimates at Completion
Net cumulative favorable and unfavorable catch-up adjustments to contracts had the following impact on our operating results:
(Dollars in thousands)(Dollars in thousands)
Three Months EndedNine Months Ended
 September 28,
2024
September 30,
2023
September 28,
2024
September 30,
2023
Total net revenues$(1,054)$(549)$(2,602)$(7,989)
Operating income$(1,054)$(549)$(2,602)$(7,989)
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 28,
2024
December 31,
2023
Contract assets$221,434 $177,686 
Contract liabilities$36,875 $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 EndedNine Months Ended
September 28,
2024
September 30,
2023
September 28,
2024
September 30,
2023
Consolidated Ducommun
Military and space$111,402 $104,806 $310,869 $299,846 
Commercial aerospace
84,626 81,791 251,186 230,375 
Industrial5,384 9,653 27,204 34,540 
Total$201,412 $196,250 $589,259 $564,761 
Electronic Systems
Military and space$85,433 $75,580 $227,925 $220,679 
Commercial aerospace24,595 25,474 69,262 68,238 
Industrial5,384 9,653 27,204 34,540 
Total$115,412 $110,707 $324,391 $323,457 
Structural Systems
Military and space$25,969 $29,226 $82,944 $79,167 
Commercial aerospace60,031 56,317 181,924 162,137 
Total$86,000 $85,543 $264,868 $241,304