10-Q Filing

DUCOMMUN INC /DE/ CIK: 30305 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0001193125-11-300083`
Period End Date	20110930
Filing Date	20111107
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	dco-20111001.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 64 Cash Flow Statement 59

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`	$19.38M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$47.95M	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$97.43M	USD	Point-in-time
Unbilled receivables	`UnbilledContractsReceivable`	$3.86M	USD	Point-in-time
Unbilled receivables	`UnbilledContractsReceivable`	$5.67M	USD	Point-in-time
Inventories	`InventoryNet`	$168.16M	USD	Point-in-time
Inventories	`InventoryNet`	$72.60M	USD	Point-in-time
Production cost of contracts	`ProductionCostOfContractsCurrent`	$16.89M	USD	Point-in-time
Production cost of contracts	`ProductionCostOfContractsCurrent`	$16.67M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsDeferredIncome`	$11.12M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsDeferredIncome`	$5.08M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$4.75M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$18.59M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$337.01M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$161.39M	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$59.46M	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$99.12M	USD	Point-in-time
Goodwill	`Goodwill`	$216.31M	USD	Point-in-time
Goodwill	`Goodwill`	$100.44M	USD	Point-in-time
Intangibles	`IntangibleAssetsNetExcludingGoodwill`	$190.74M	USD	Point-in-time
Intangibles	`IntangibleAssetsNetExcludingGoodwill`	$21.99M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$2.17M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$17.64M	USD	Point-in-time
Total Assets	`Assets`	$345.45M	USD	Point-in-time
Total Assets	`Assets`	$860.83M	USD	Point-in-time
Current portion of long-term debt	`DebtCurrent`	$1.96M	USD	Point-in-time
Current portion of long-term debt	`DebtCurrent`	$187.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$39.92M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$59.71M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$59.27M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$31.17M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$71.29M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$120.94M	USD	Point-in-time
Long-Term Debt, Less Current Portion	`LongTermDebtAndCapitalLeaseObligations`	$390.77M	USD	Point-in-time
Long-Term Debt, Less Current Portion	`LongTermDebtAndCapitalLeaseObligations`	$3.09M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$81.44M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$7.69M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$10.69M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$9.20M	USD	Point-in-time
Total Liabilities	`Liabilities`	$91.27M	USD	Point-in-time
Total Liabilities	`Liabilities`	$603.84M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$106.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$107.00K	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`	$64.37M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$61.68M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$197.54M	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`	$254.19M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$256.99M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$345.45M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$860.83M	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Product sales	`SalesRevenueGoodsNet`	$274.15M	USD	3 Qtrs
Product sales	`SalesRevenueGoodsNet`	$178.49M	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$89.47M	USD	1 Quarter
Product sales	`SalesRevenueGoodsNet`	$370.76M	USD	3 Qtrs
Service revenues	`SalesRevenueServicesNet`	$21.91M	USD	3 Qtrs
Service revenues	`SalesRevenueServicesNet`	$6.59M	USD	1 Quarter
Service revenues	`SalesRevenueServicesNet`	$9.97M	USD	1 Quarter
Service revenues	`SalesRevenueServicesNet`	$32.48M	USD	3 Qtrs
Net Sales	`SalesRevenueNet`	$392.68M	USD	3 Qtrs
Net Sales	`SalesRevenueNet`	$185.08M	USD	1 Quarter
Net Sales	`SalesRevenueNet`	$99.44M	USD	1 Quarter
Net Sales	`SalesRevenueNet`	$306.64M	USD	3 Qtrs
Cost of product sales	`CostOfGoodsSold`	$219.71M	USD	3 Qtrs
Cost of product sales	`CostOfGoodsSold`	$301.94M	USD	3 Qtrs
Cost of product sales	`CostOfGoodsSold`	$72.04M	USD	1 Quarter
Cost of product sales	`CostOfGoodsSold`	$145.56M	USD	1 Quarter
Cost of service revenues	`CostOfServices`	$5.33M	USD	1 Quarter
Cost of service revenues	`CostOfServices`	$7.46M	USD	1 Quarter
Cost of service revenues	`CostOfServices`	$17.13M	USD	3 Qtrs
Cost of service revenues	`CostOfServices`	$25.33M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$24.56M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$13.71M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$39.48M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$62.30M	USD	3 Qtrs
Total Operating Costs and Expenses	`CostsAndExpenses`	$381.38M	USD	3 Qtrs
Total Operating Costs and Expenses	`CostsAndExpenses`	$93.21M	USD	1 Quarter
Total Operating Costs and Expenses	`CostsAndExpenses`	$284.52M	USD	3 Qtrs
Total Operating Costs and Expenses	`CostsAndExpenses`	$175.45M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$6.23M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$22.11M	USD	3 Qtrs
Operating Income	`OperatingIncomeLoss`	$9.63M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$11.30M	USD	3 Qtrs
Interest Expense, Net	`InterestIncomeExpenseNet`	$-1.69M	USD	3 Qtrs
Interest Expense, Net	`InterestIncomeExpenseNet`	$-10.05M	USD	3 Qtrs
Interest Expense, Net	`InterestIncomeExpenseNet`	$-544.00K	USD	1 Quarter
Interest Expense, Net	`InterestIncomeExpenseNet`	$-8.26M	USD	1 Quarter
Income Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$5.69M	USD	1 Quarter
Income Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.38M	USD	1 Quarter
Income Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$20.42M	USD	3 Qtrs
Income Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.25M	USD	3 Qtrs
Income Tax Expense, Net	`IncomeTaxExpenseBenefit`	$4.77M	USD	3 Qtrs
Income Tax Expense, Net	`IncomeTaxExpenseBenefit`	$340.00K	USD	3 Qtrs
Income Tax Expense, Net	`IncomeTaxExpenseBenefit`	$415.00K	USD	1 Quarter
Income Tax Expense, Net	`IncomeTaxExpenseBenefit`	$-85.00K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$911.00K	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$5.77M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$15.65M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$961.00K	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.55	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$1.49	USD	3 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$0.09	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.09	USD	3 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$1.48	USD	3 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$0.09	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.55	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.09	USD	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	10.53M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	10.54M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	10.48M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	10.50M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.58M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.63M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.56M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.66M	shares	3 Qtrs

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$911.00K	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$5.77M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$15.65M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$961.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$14.47M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$10.07M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$1.62M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$2.35M	USD	3 Qtrs
Deferred income tax (liability)/benefit	`DeferredIncomeTaxExpenseBenefit`	$417.00K	USD	3 Qtrs
Deferred income tax (liability)/benefit	`DeferredIncomeTaxExpenseBenefit`	$489.00K	USD	3 Qtrs
Income tax benefit from stock-based compensation	`TaxBenefitFromStockOptionsExercised`	$277.00K	USD	3 Qtrs
Income tax benefit from stock-based compensation	`TaxBenefitFromStockOptionsExercised`	$290.00K	USD	3 Qtrs
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$9.00K	USD	3 Qtrs
Recovery of doubtful accounts	`AllowanceForLoanAndLeaseLossesRecoveriesOfBadDebts`	$-37.00K	USD	3 Qtrs
Net reduction in contract cost overruns	`IncreaseDecreaseInContractCostOverruns`	$-170.00K	USD	3 Qtrs
Gain on sale of assets	`GainLossOnDispositionOfProperty`	$217.00K	USD	3 Qtrs
Accounts receivable - (increase)	`IncreaseDecreaseInAccountsReceivable`	$5.21M	USD	3 Qtrs
Accounts receivable - (increase)	`IncreaseDecreaseInAccountsReceivable`	$7.43M	USD	3 Qtrs
Unbilled receivables - decrease/(increase)	`IncreaseDecreaseInUnbilledReceivables`	$-1.07M	USD	3 Qtrs
Unbilled receivables - decrease/(increase)	`IncreaseDecreaseInUnbilledReceivables`	$1.81M	USD	3 Qtrs
Inventories - (increase)	`IncreaseDecreaseInInventories`	$18.49M	USD	3 Qtrs
Inventories - (increase)	`IncreaseDecreaseInInventories`	$8.28M	USD	3 Qtrs
Production cost of contracts - (increase)	`ProductionCostOfContractsIncrease`	$-4.72M	USD	3 Qtrs
Production cost of contracts - (increase)	`ProductionCostOfContractsIncrease`	$-1.19M	USD	3 Qtrs
Other assets - (increase)/decrease	`IncreaseDecreaseInOtherOperatingAssets`	$-1.70M	USD	3 Qtrs
Other assets - (increase)/decrease	`IncreaseDecreaseInOtherOperatingAssets`	$4.38M	USD	3 Qtrs
Accounts payable - (decrease)	`IncreaseDecreaseInAccountsPayable`	$-6.04M	USD	3 Qtrs
Accounts payable - (decrease)	`IncreaseDecreaseInAccountsPayable`	$-13.29M	USD	3 Qtrs
Accrued and other liabilities - (decrease)	`IncreaseDecreaseInAccruedAndOtherLiabilities`	$-2.60M	USD	3 Qtrs
Accrued and other liabilities - (decrease)	`IncreaseDecreaseInAccruedAndOtherLiabilities`	$-7.04M	USD	3 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-28.90M	USD	3 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.71M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.05M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.19M	USD	3 Qtrs
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$325.71M	USD	3 Qtrs
Proceeds from the sale of assets	`ProceedsFromSaleOfProductiveAssets`	$451.00K	USD	3 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.05M	USD	3 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-336.45M	USD	3 Qtrs
Repayments of senior notes, term loan and revolver debt	`RepaymentsOfRevolverDebt`	$786.00K	USD	3 Qtrs
Repayments of senior notes, term loan and revolver debt	`RepaymentsOfRevolverDebt`	$6.94M	USD	3 Qtrs
Borrowings of senior notes and term loan	`BorrowingsOfSeniorNotesAndTermLoan`	$-390.00M	USD	3 Qtrs
Cash dividends paid	`PaymentsOfDividends`	$790.00K	USD	3 Qtrs
Cash dividends paid	`PaymentsOfDividends`	$2.36M	USD	3 Qtrs
Debt issue cost paid	`PaymentsOfDebtIssuanceCosts`	$14.03M	USD	3 Qtrs
Net cash effect of exercise related to stock options	`ProceedsFromStockOptionsExercised`	$220.00K	USD	3 Qtrs
Net cash effect of exercise related to stock options	`ProceedsFromStockOptionsExercised`	$55.00K	USD	3 Qtrs
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$9.00K	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-9.07M	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$374.45M	USD	3 Qtrs
Net Increase/(Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.11M	USD	3 Qtrs
Net Increase/(Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-16.84M	USD	3 Qtrs
Cash and Cash Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$19.38M	USD	Point-in-time
Cash and Cash Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$18.63M	USD	Point-in-time
Cash and Cash Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$10.27M	USD	Point-in-time
Cash and Cash Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.79M	USD	Point-in-time
Cash and Cash Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$19.38M	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`	$10.27M	USD	Point-in-time
Cash and Cash Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.79M	USD	Point-in-time

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