10-Q Filing

DUCOMMUN INC /DE/ CIK: 30305 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001193125-13-201609`
Period End Date	20130331
Filing Date	20130506
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	dco-20130330.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 26 Cash Flow Statement 53 Comprehensive Income 7

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	35.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	35.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.99M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$46.54M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.74M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.75M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$41.45M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$31.21M	USD	Point-in-time
Treasury stock shares, held in treasury	`TreasuryStockShares`	143,300.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$96.39M	USD	Point-in-time
Treasury stock shares, held in treasury	`TreasuryStockShares`	143,300.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$97.30M	USD	Point-in-time
Unbilled receivables	`UnbilledContractsReceivable`	$3.34M	USD	Point-in-time
Unbilled receivables	`UnbilledContractsReceivable`	$3.56M	USD	Point-in-time
Inventories	`InventoryNet`	$149.40M	USD	Point-in-time
Inventories	`InventoryNet`	$148.32M	USD	Point-in-time
Production cost of contracts	`ProductionCostOfContractsCurrent`	$17.96M	USD	Point-in-time
Production cost of contracts	`ProductionCostOfContractsCurrent`	$20.19M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsDeferredIncome`	$11.08M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsDeferredIncome`	$10.46M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$10.44M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$9.41M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$319.81M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$334.57M	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$98.38M	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$97.00M	USD	Point-in-time
Goodwill	`Goodwill`	$161.94M	USD	Point-in-time
Goodwill	`Goodwill`	$161.94M	USD	Point-in-time
Intangibles, Net	`IntangibleAssetsNetExcludingGoodwill`	$176.36M	USD	Point-in-time
Intangibles, Net	`IntangibleAssetsNetExcludingGoodwill`	$173.63M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$13.22M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$13.82M	USD	Point-in-time
Total Assets	`Assets`	$785.07M	USD	Point-in-time
Total Assets	`Assets`	$765.61M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$3.04M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$3.04M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$50.48M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$52.58M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$40.05M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$52.72M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$93.57M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$108.34M	USD	Point-in-time
Long-Term Debt, Less Current Portion	`LongTermDebtAndCapitalLeaseObligations`	$362.70M	USD	Point-in-time
Long-Term Debt, Less Current Portion	`LongTermDebtAndCapitalLeaseObligations`	$355.20M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$66.39M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$67.81M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$23.55M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$23.24M	USD	Point-in-time
Total Liabilities	`Liabilities`	$562.40M	USD	Point-in-time
Total Liabilities	`Liabilities`	$538.39M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock - $0.01 par value; authorized 35,000,000 shares; issued 10,746,950 shares in 2013 and 10,738,065 shares in 2012	`CommonStockValue`	$107.00K	USD	Point-in-time
Common stock - $0.01 par value; authorized 35,000,000 shares; issued 10,746,950 shares in 2013 and 10,738,065 shares in 2012	`CommonStockValue`	$107.00K	USD	Point-in-time
Treasury stock - held in treasury 143,300 shares in 2013 and 2012	`TreasuryStockValue`	$1.92M	USD	Point-in-time
Treasury stock - held in treasury 143,300 shares in 2013 and 2012	`TreasuryStockValue`	$1.92M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$66.47M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$67.14M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$165.49M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$169.19M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.30M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.47M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$222.68M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$227.22M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$785.07M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$765.61M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`SalesRevenueNet`	$184.34M	USD	1 Quarter
Net Sales	`SalesRevenueNet`	$175.91M	USD	1 Quarter
Cost of Sales	`CostOfRevenue`	$143.06M	USD	1 Quarter
Cost of Sales	`CostOfRevenue`	$149.87M	USD	1 Quarter
Gross Profit	`GrossProfit`	$34.47M	USD	1 Quarter
Gross Profit	`GrossProfit`	$32.85M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$22.55M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$22.61M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$10.30M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$11.86M	USD	1 Quarter
Interest Expense	`InterestIncomeExpenseNet`	$-8.24M	USD	1 Quarter
Interest Expense	`InterestIncomeExpenseNet`	$-7.82M	USD	1 Quarter
Income Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.48M	USD	1 Quarter
Income Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.62M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$1.23M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-1.23M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$3.71M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$2.39M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.35	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.23	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.23	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.35	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	10.55M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	10.60M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.57M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.67M	shares	1 Quarter

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$3.71M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$2.39M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$6.80M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$7.03M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$693.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$566.00K	USD	1 Quarter
Deferred income tax benefit	`DeferredIncomeTaxesAndTaxCredits`	$-2.04M	USD	1 Quarter
Deferred income tax benefit	`DeferredIncomeTaxesAndTaxCredits`	$-844.00K	USD	1 Quarter
Income tax benefit from stock-based compensation	`TaxBenefitFromStockOptionsExercised1`	$114.00K	USD	1 Quarter
Income tax benefit from stock-based compensation	`TaxBenefitFromStockOptionsExercised1`	$100.00K	USD	1 Quarter
Recovery of doubtful accounts	`AllowanceForDoubtfulAccountsReceivableRecoveries`	$36.00K	USD	1 Quarter
Recovery of doubtful accounts	`AllowanceForDoubtfulAccountsReceivableRecoveries`	$157.00K	USD	1 Quarter
Other decrease	`OtherNoncashIncomeExpense`	$-408.00K	USD	1 Quarter
Other decrease	`OtherNoncashIncomeExpense`	$-246.00K	USD	1 Quarter
Accounts receivable decrease	`IncreaseDecreaseInAccountsReceivable`	$-1.07M	USD	1 Quarter
Accounts receivable decrease	`IncreaseDecreaseInAccountsReceivable`	$-1.49M	USD	1 Quarter
Unbilled receivables (increase) decrease	`IncreaseDecreaseInUnbilledReceivables`	$-212.00K	USD	1 Quarter
Unbilled receivables (increase) decrease	`IncreaseDecreaseInUnbilledReceivables`	$27.00K	USD	1 Quarter
Inventories increase	`IncreaseDecreaseInInventories`	$2.79M	USD	1 Quarter
Inventories increase	`IncreaseDecreaseInInventories`	$1.08M	USD	1 Quarter
Production cost of contracts increase	`IncreaseDecreaseInContractReceivablesNet`	$1.34M	USD	1 Quarter
Production cost of contracts increase	`IncreaseDecreaseInContractReceivablesNet`	$2.56M	USD	1 Quarter
Other assets decrease	`IncreaseDecreaseInOtherOperatingAssets`	$-3.91M	USD	1 Quarter
Other assets decrease	`IncreaseDecreaseInOtherOperatingAssets`	$-1.24M	USD	1 Quarter
Accounts payable decrease	`IncreaseDecreaseInAccountsPayable`	$-2.10M	USD	1 Quarter
Accounts payable decrease	`IncreaseDecreaseInAccountsPayable`	$-3.52M	USD	1 Quarter
Accrued and other liabilities decrease	`IncreaseDecreaseInAccruedLiabilitiesAndOthers`	$11.92M	USD	1 Quarter
Accrued and other liabilities decrease	`IncreaseDecreaseInAccruedLiabilitiesAndOthers`	$12.49M	USD	1 Quarter
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.12M	USD	1 Quarter
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.79M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.92M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.61M	USD	1 Quarter
Proceeds from the sales of assets	`ProceedsFromSaleOfProductiveAssets`	$5.00K	USD	1 Quarter
Proceeds from the sales of assets	`ProceedsFromSaleOfProductiveAssets`	$3.00K	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.61M	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.91M	USD	1 Quarter
Repayments of term loan and other debt	`RepaymentsOfDebt`	$491.00K	USD	1 Quarter
Repayments of term loan and other debt	`RepaymentsOfDebt`	$7.51M	USD	1 Quarter
Deferred financing cost paid	`PaymentsOfFinancingCosts`	$181.00K	USD	1 Quarter
Net cash effect of exercise related to stock options	`ProceedsFromStockOptionsExercised`	$-39.00K	USD	1 Quarter
Net cash effect of exercise related to stock options	`ProceedsFromStockOptionsExercised`	$-127.00K	USD	1 Quarter
Net Cash Used in Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.81M	USD	1 Quarter
Net Cash Used in Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-530.00K	USD	1 Quarter
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-10.24M	USD	1 Quarter
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-16.54M	USD	1 Quarter
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$29.99M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$46.54M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$41.45M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$31.21M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$29.99M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$46.54M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$41.45M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$31.21M	USD	Point-in-time

Comprehensive Income 7 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$3.71M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$2.39M	USD	1 Quarter
Amortization of actuarial loss and prior service costs, tax benefit	`OtherComprehensiveIncomeAmortizationOfDefinedBenefitPlanNetPriorServiceCostRecognizedInNetPeriodicPensionCostTax`	$102.00K	USD	1 Quarter
Amortization of actuarial loss and prior service costs, net of tax benefit of $102	`OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetPriorServiceCostRecognizedInNetPeriodicPensionCostNetOfTax`	$172.00K	USD	1 Quarter
Other Comprehensive Loss	`OtherComprehensiveIncomeLossNetOfTax`	$-172.00K	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$2.39M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$3.54M	USD	1 Quarter

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