10-Q Filing

DUCOMMUN INC /DE/ CIK: 30305 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0001193125-11-215340`
Period End Date	20110630
Filing Date	20110809
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	dco-20110702.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 62 Cash Flow Statement 62

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashEquivalentsAtCarryingValue`	$10.27M	USD	Point-in-time
Cash and cash equivalents	`CashEquivalentsAtCarryingValue`	$31.35M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$105.24M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$47.95M	USD	Point-in-time
Unbilled receivables	`UnbilledContractsReceivable`	$3.48M	USD	Point-in-time
Unbilled receivables	`UnbilledContractsReceivable`	$3.86M	USD	Point-in-time
Inventories	`InventoryNet`	$72.60M	USD	Point-in-time
Inventories	`InventoryNet`	$161.78M	USD	Point-in-time
Production cost of contracts	`ProductionCostOfContractsCurrent`	$15.29M	USD	Point-in-time
Production cost of contracts	`ProductionCostOfContractsCurrent`	$16.89M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsDeferredIncome`	$12.73M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsDeferredIncome`	$5.08M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$16.63M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$4.75M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$161.39M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$346.50M	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$97.88M	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$59.46M	USD	Point-in-time
Goodwill	`Goodwill`	$100.44M	USD	Point-in-time
Goodwill	`Goodwill`	$216.90M	USD	Point-in-time
Intangibles	`IntangibleAssetsNetExcludingGoodwill`	$21.99M	USD	Point-in-time
Intangibles	`IntangibleAssetsNetExcludingGoodwill`	$193.53M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$2.17M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$18.12M	USD	Point-in-time
Total Assets	`Assets`	$872.92M	USD	Point-in-time
Total Assets	`Assets`	$345.45M	USD	Point-in-time
Current portion of long-term debt	`DebtCurrent`	$2.19M	USD	Point-in-time
Current portion of long-term debt	`DebtCurrent`	$187.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$73.44M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$39.92M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$31.17M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$58.11M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$71.29M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$133.74M	USD	Point-in-time
Long-Term Debt, Less Current Portion	`LongTermDebtAndCapitalLeaseObligations`	$3.09M	USD	Point-in-time
Long-Term Debt, Less Current Portion	`LongTermDebtAndCapitalLeaseObligations`	$391.16M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$7.69M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$81.07M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$9.20M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$11.84M	USD	Point-in-time
Total Liabilities	`Liabilities`	$91.27M	USD	Point-in-time
Total Liabilities	`Liabilities`	$617.82M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$107.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$106.00K	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$1.92M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$1.92M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$61.68M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$63.44M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$196.58M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$197.42M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.10M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.10M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$255.10M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$254.19M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$345.45M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$872.92M	USD	Point-in-time

Income Statement 62 line items

Line Item	Tag	Value	Unit	Period
Product sales	`SalesRevenueGoodsNet`	$192.28M	USD	2 Qtrs
Product sales	`SalesRevenueGoodsNet`	$92.29M	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$100.94M	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$184.68M	USD	2 Qtrs
Service revenues	`SalesRevenueServicesNet`	$10.64M	USD	1 Quarter
Service revenues	`SalesRevenueServicesNet`	$15.32M	USD	2 Qtrs
Service revenues	`SalesRevenueServicesNet`	$22.51M	USD	2 Qtrs
Service revenues	`SalesRevenueServicesNet`	$7.10M	USD	1 Quarter
Net Sales	`SalesRevenueNet`	$207.19M	USD	2 Qtrs
Net Sales	`SalesRevenueNet`	$207.60M	USD	2 Qtrs
Net Sales	`SalesRevenueNet`	$108.04M	USD	1 Quarter
Net Sales	`SalesRevenueNet`	$102.94M	USD	1 Quarter
Cost of product sales	`CostOfGoodsSold`	$147.67M	USD	2 Qtrs
Cost of product sales	`CostOfGoodsSold`	$72.07M	USD	1 Quarter
Cost of product sales	`CostOfGoodsSold`	$156.38M	USD	2 Qtrs
Cost of product sales	`CostOfGoodsSold`	$81.54M	USD	1 Quarter
Cost of service revenues	`CostOfServices`	$8.53M	USD	1 Quarter
Cost of service revenues	`CostOfServices`	$17.86M	USD	2 Qtrs
Cost of service revenues	`CostOfServices`	$11.80M	USD	2 Qtrs
Cost of service revenues	`CostOfServices`	$5.50M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$25.78M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$37.75M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$13.32M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$23.60M	USD	1 Quarter
Total Operating Costs and Expenses	`CostsAndExpenses`	$110.64M	USD	1 Quarter
Total Operating Costs and Expenses	`CostsAndExpenses`	$205.93M	USD	2 Qtrs
Total Operating Costs and Expenses	`CostsAndExpenses`	$93.91M	USD	1 Quarter
Total Operating Costs and Expenses	`CostsAndExpenses`	$191.31M	USD	2 Qtrs
Operating (Loss)/Income	`OperatingIncomeLoss`	$15.88M	USD	2 Qtrs
Operating (Loss)/Income	`OperatingIncomeLoss`	$1.67M	USD	2 Qtrs
Operating (Loss)/Income	`OperatingIncomeLoss`	$9.03M	USD	1 Quarter
Operating (Loss)/Income	`OperatingIncomeLoss`	$-2.59M	USD	1 Quarter
Interest Expense, Net	`InterestIncomeExpenseNet`	$-596.00K	USD	1 Quarter
Interest Expense, Net	`InterestIncomeExpenseNet`	$-1.53M	USD	1 Quarter
Interest Expense, Net	`InterestIncomeExpenseNet`	$-1.79M	USD	2 Qtrs
Interest Expense, Net	`InterestIncomeExpenseNet`	$-1.15M	USD	2 Qtrs
(Loss)/Income Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$14.73M	USD	2 Qtrs
(Loss)/Income Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-125.00K	USD	2 Qtrs
(Loss)/Income Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-4.12M	USD	1 Quarter
(Loss)/Income Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$8.43M	USD	1 Quarter
Income Tax Expense, Net	`IncomeTaxExpenseBenefit`	$4.86M	USD	2 Qtrs
Income Tax Expense, Net	`IncomeTaxExpenseBenefit`	$-75.00K	USD	2 Qtrs
Income Tax Expense, Net	`IncomeTaxExpenseBenefit`	$-1.15M	USD	1 Quarter
Income Tax Expense, Net	`IncomeTaxExpenseBenefit`	$2.78M	USD	1 Quarter
Net (Loss)/Income	`NetIncomeLoss`	$-50.00K	USD	2 Qtrs
Net (Loss)/Income	`NetIncomeLoss`	$9.88M	USD	2 Qtrs
Net (Loss)/Income	`NetIncomeLoss`	$-2.97M	USD	1 Quarter
Net (Loss)/Income	`NetIncomeLoss`	$5.65M	USD	1 Quarter
Basic (loss)/earnings per share	`EarningsPerShareBasic`	$-0.28	USD	1 Quarter
Basic (loss)/earnings per share	`EarningsPerShareBasic`	$0.94	USD	2 Qtrs
Basic (loss)/earnings per share	`EarningsPerShareBasic`	$0.54	USD	1 Quarter
Diluted (loss)/earnings per share	`EarningsPerShareDiluted`	$0.94	USD	2 Qtrs
Diluted (loss)/earnings per share	`EarningsPerShareDiluted`	$0.53	USD	1 Quarter
Diluted (loss)/earnings per share	`EarningsPerShareDiluted`	$-0.28	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	10.53M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	10.48M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	10.54M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	10.47M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.70M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.58M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.55M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.66M	shares	2 Qtrs

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net (Loss)/Income	`NetIncomeLoss`	$-50.00K	USD	2 Qtrs
Net (Loss)/Income	`NetIncomeLoss`	$9.88M	USD	2 Qtrs
Net (Loss)/Income	`NetIncomeLoss`	$-2.97M	USD	1 Quarter
Net (Loss)/Income	`NetIncomeLoss`	$5.65M	USD	1 Quarter
Depreciation and amoritzation	`DepreciationAndAmortization`	$6.84M	USD	2 Qtrs
Depreciation and amoritzation	`DepreciationAndAmortization`	$7.02M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$1.46M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$969.00K	USD	2 Qtrs
Deferred income tax (liability)/benefit	`DeferredIncomeTaxExpenseBenefit`	$550.00K	USD	2 Qtrs
Deferred income tax (liability)/benefit	`DeferredIncomeTaxExpenseBenefit`	$-1.49M	USD	2 Qtrs
Income tax benefit from stock-based compensation	`TaxBenefitFromStockOptionsExercised`	$290.00K	USD	2 Qtrs
Income tax benefit from stock-based compensation	`TaxBenefitFromStockOptionsExercised`	$274.00K	USD	2 Qtrs
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$9.00K	USD	2 Qtrs
Recovery of doubtful accounts	`AllowanceForLoanAndLeaseLossesRecoveriesOfBadDebts`	$31.00K	USD	2 Qtrs
Net reduction in contract cost overruns	`IncreaseDecreaseInContractCostOverruns`	$-161.00K	USD	2 Qtrs
Gain on sale of assets	`GainLossOnDispositionOfProperty`	$303.00K	USD	2 Qtrs
Other - decrease/(increase)	`OtherNoncashIncomeExpense`	$-942.00K	USD	2 Qtrs
Other - decrease/(increase)	`OtherNoncashIncomeExpense`	$121.00K	USD	2 Qtrs
Accounts receivable - (increase)	`IncreaseDecreaseInAccountsReceivable`	$5.31M	USD	2 Qtrs
Accounts receivable - (increase)	`IncreaseDecreaseInAccountsReceivable`	$13.09M	USD	2 Qtrs
Unbilled receivables - decrease/(increase)	`IncreaseDecreaseInUnbilledReceivables`	$-379.00K	USD	2 Qtrs
Unbilled receivables - decrease/(increase)	`IncreaseDecreaseInUnbilledReceivables`	$343.00K	USD	2 Qtrs
Inventories - (increase)	`IncreaseDecreaseInInventories`	$12.11M	USD	2 Qtrs
Inventories - (increase)	`IncreaseDecreaseInInventories`	$6.33M	USD	2 Qtrs
Production cost of contracts - decrease/(increase)	`ProductionCostOfContractsIncrease`	$-2.31M	USD	2 Qtrs
Production cost of contracts - decrease/(increase)	`ProductionCostOfContractsIncrease`	$815.00K	USD	2 Qtrs
Other assets - (increase)/decrease	`IncreaseDecreaseInOtherOperatingAssets`	$-869.00K	USD	2 Qtrs
Other assets - (increase)/decrease	`IncreaseDecreaseInOtherOperatingAssets`	$3.83M	USD	2 Qtrs
Accounts payable - increase/(decrease)	`IncreaseDecreaseInAccountsPayable`	$441.00K	USD	2 Qtrs
Accounts payable - increase/(decrease)	`IncreaseDecreaseInAccountsPayable`	$-5.54M	USD	2 Qtrs
Accrued and other liabilities - (decrease)	`IncreaseDecreaseInAccruedAndOtherLiabilities`	$-8.76M	USD	2 Qtrs
Accrued and other liabilities - (decrease)	`IncreaseDecreaseInAccruedAndOtherLiabilities`	$-3.21M	USD	2 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-22.88M	USD	2 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-9.33M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.80M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.78M	USD	2 Qtrs
Acquisition of Businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$325.71M	USD	2 Qtrs
Proceeds from the sale of assets	`ProceedsFromSaleOfProductiveAssets`	$2.00K	USD	2 Qtrs
Proceeds from the sale of assets	`ProceedsFromSaleOfProductiveAssets`	$448.00K	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.78M	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-331.07M	USD	2 Qtrs
Repayments of revolver debt	`RepaymentsOfRevolverDebt`	$3.08M	USD	2 Qtrs
Repayments of revolver debt	`RepaymentsOfRevolverDebt`	$170.00K	USD	2 Qtrs
Borrowings of senior notes and term loan	`BorrowingsOfSeniorNotesAndTermLoan`	$-390.00M	USD	2 Qtrs
Cash dividends paid	`PaymentsOfDividends`	$1.57M	USD	2 Qtrs
Cash dividends paid	`PaymentsOfDividends`	$790.00K	USD	2 Qtrs
Debt issue cost paid	`PaymentsOfDebtIssuanceCosts`	$14.03M	USD	2 Qtrs
Net cash effect of exercise related to stock options	`ProceedsFromStockOptionsExercised`	$18.00K	USD	2 Qtrs
Net cash effect of exercise related to stock options	`ProceedsFromStockOptionsExercised`	$220.00K	USD	2 Qtrs
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$9.00K	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-4.42M	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$375.03M	USD	2 Qtrs
Net Increase/(Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-17.53M	USD	2 Qtrs
Net Increase/(Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$21.08M	USD	2 Qtrs
Cash and Cash Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$18.63M	USD	Point-in-time
Cash and Cash Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.10M	USD	Point-in-time
Cash and Cash Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$31.35M	USD	Point-in-time
Cash and Cash Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$10.27M	USD	Point-in-time
Cash and Cash Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$18.63M	USD	Point-in-time
Cash and Cash Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.10M	USD	Point-in-time
Cash and Cash Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$31.35M	USD	Point-in-time
Cash and Cash Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$10.27M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.