10-Q Filing

DUCOMMUN INC /DE/ CIK: 30305 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001193125-13-319128`
Period End Date	20130630
Filing Date	20130805
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	dco-20130629.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 52 Cash Flow Statement 57 Comprehensive Income 14

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`	$33.51M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$41.45M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.82M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$37.25M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$105.58M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$97.30M	USD	Point-in-time
Treasury stock shares, held in treasury	`TreasuryStockShares`	143,300.00	shares	Point-in-time
Treasury stock shares, held in treasury	`TreasuryStockShares`	143,300.00	shares	Point-in-time
Unbilled receivables	`UnbilledContractsReceivable`	$3.56M	USD	Point-in-time
Unbilled receivables	`UnbilledContractsReceivable`	$4.09M	USD	Point-in-time
Inventories	`InventoryNet`	$148.32M	USD	Point-in-time
Inventories	`InventoryNet`	$148.91M	USD	Point-in-time
Production cost of contracts	`ProductionCostOfContractsCurrent`	$17.96M	USD	Point-in-time
Production cost of contracts	`ProductionCostOfContractsCurrent`	$19.05M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsDeferredIncome`	$10.46M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsDeferredIncome`	$7.02M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$10.44M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$13.91M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$334.57M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$332.06M	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$98.38M	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$95.60M	USD	Point-in-time
Goodwill	`Goodwill`	$161.94M	USD	Point-in-time
Goodwill	`Goodwill`	$161.94M	USD	Point-in-time
Intangibles, Net	`IntangibleAssetsNetExcludingGoodwill`	$170.91M	USD	Point-in-time
Intangibles, Net	`IntangibleAssetsNetExcludingGoodwill`	$176.36M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$13.82M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$12.31M	USD	Point-in-time
Total Assets	`Assets`	$772.83M	USD	Point-in-time
Total Assets	`Assets`	$785.07M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$3.04M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$3.03M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$52.58M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$50.86M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$48.39M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$52.72M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$108.34M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$102.29M	USD	Point-in-time
Long-Term Debt, Less Current Portion	`LongTermDebtAndCapitalLeaseObligations`	$347.69M	USD	Point-in-time
Long-Term Debt, Less Current Portion	`LongTermDebtAndCapitalLeaseObligations`	$362.70M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$67.81M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$65.98M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$22.90M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$23.55M	USD	Point-in-time
Total Liabilities	`Liabilities`	$538.86M	USD	Point-in-time
Total Liabilities	`Liabilities`	$562.40M	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 10,822,180 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 10,822,180 shares in 2013 and 10,738,065 shares in 2012	`CommonStockValue`	$108.00K	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`	$68.21M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$66.47M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$165.49M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$174.70M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.12M	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`	$233.97M	USD	Point-in-time
Total Liabilities and Shareholder's Equity	`LiabilitiesAndStockholdersEquity`	$785.07M	USD	Point-in-time
Total Liabilities and Shareholder's Equity	`LiabilitiesAndStockholdersEquity`	$772.83M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`SalesRevenueNet`	$191.47M	USD	1 Quarter
Net Sales	`SalesRevenueNet`	$367.39M	USD	2 Qtrs
Net Sales	`SalesRevenueNet`	$369.05M	USD	2 Qtrs
Net Sales	`SalesRevenueNet`	$184.71M	USD	1 Quarter
Cost of Sales	`CostOfRevenue`	$297.22M	USD	2 Qtrs
Cost of Sales	`CostOfRevenue`	$148.75M	USD	1 Quarter
Cost of Sales	`CostOfRevenue`	$154.16M	USD	1 Quarter
Cost of Sales	`CostOfRevenue`	$298.63M	USD	2 Qtrs
Gross Profit	`GrossProfit`	$70.17M	USD	2 Qtrs
Gross Profit	`GrossProfit`	$70.42M	USD	2 Qtrs
Gross Profit	`GrossProfit`	$35.95M	USD	1 Quarter
Gross Profit	`GrossProfit`	$37.32M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$22.27M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$44.82M	USD	2 Qtrs
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$44.55M	USD	2 Qtrs
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$21.94M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$25.87M	USD	2 Qtrs
Operating Income	`OperatingIncomeLoss`	$25.34M	USD	2 Qtrs
Operating Income	`OperatingIncomeLoss`	$15.04M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$14.01M	USD	1 Quarter
Interest Expense	`InterestIncomeExpenseNet`	$-7.44M	USD	1 Quarter
Interest Expense	`InterestIncomeExpenseNet`	$-15.27M	USD	2 Qtrs
Interest Expense	`InterestIncomeExpenseNet`	$-16.47M	USD	2 Qtrs
Interest Expense	`InterestIncomeExpenseNet`	$-8.23M	USD	1 Quarter
Income Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.60M	USD	1 Quarter
Income Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$10.08M	USD	2 Qtrs
Income Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$5.78M	USD	1 Quarter
Income Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$9.40M	USD	2 Qtrs
Income Tax Expense	`IncomeTaxExpenseBenefit`	$869.00K	USD	2 Qtrs
Income Tax Expense	`IncomeTaxExpenseBenefit`	$271.00K	USD	1 Quarter
Income Tax Expense	`IncomeTaxExpenseBenefit`	$2.10M	USD	1 Quarter
Income Tax Expense	`IncomeTaxExpenseBenefit`	$1.50M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$7.90M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$9.21M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$5.50M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$5.51M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.52	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.52	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.75	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$0.87	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$0.52	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.75	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$0.86	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$0.51	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	10.62M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	10.56M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	10.58M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	10.65M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.56M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.79M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.73M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.58M	shares	1 Quarter

Cash Flow Statement 57 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$7.90M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$9.21M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$5.50M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$5.51M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$7.14M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$13.81M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$14.17M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$7.00M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.04M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$805.00K	USD	2 Qtrs
Deferred income tax provision (benefit)	`DeferredIncomeTaxesAndTaxCredits`	$1.61M	USD	2 Qtrs
Deferred income tax provision (benefit)	`DeferredIncomeTaxesAndTaxCredits`	$-3.96M	USD	2 Qtrs
Income tax benefit from stock-based compensation	`DeferredTaxExpenseFromStockOptionsExercised`	$567.00K	USD	2 Qtrs
Income tax benefit from stock-based compensation	`DeferredTaxExpenseFromStockOptionsExercised`	$324.00K	USD	2 Qtrs
Provision for (recovery of) doubtful accounts	`ProvisionForDoubtfulAccounts`	$69.00K	USD	2 Qtrs
Provision for (recovery of) doubtful accounts	`ProvisionForDoubtfulAccounts`	$-34.00K	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-1.50M	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-809.00K	USD	2 Qtrs
Accounts receivable increase	`IncreaseDecreaseInAccountsReceivable`	$8.24M	USD	2 Qtrs
Accounts receivable increase	`IncreaseDecreaseInAccountsReceivable`	$4.17M	USD	2 Qtrs
Unbilled receivables increase	`IncreaseDecreaseInUnbilledReceivables`	$537.00K	USD	2 Qtrs
Unbilled receivables increase	`IncreaseDecreaseInUnbilledReceivables`	$1.02M	USD	2 Qtrs
Inventories increase	`IncreaseDecreaseInInventories`	$4.80M	USD	2 Qtrs
Inventories increase	`IncreaseDecreaseInInventories`	$588.00K	USD	2 Qtrs
Production cost of contracts increase	`IncreaseDecreaseInCapitalizedCostsForContracts`	$1.52M	USD	2 Qtrs
Production cost of contracts increase	`IncreaseDecreaseInCapitalizedCostsForContracts`	$1.84M	USD	2 Qtrs
Other assets (increase) decrease	`IncreaseDecreaseInOtherOperatingAssets`	$-4.71M	USD	2 Qtrs
Other assets (increase) decrease	`IncreaseDecreaseInOtherOperatingAssets`	$2.94M	USD	2 Qtrs
Accounts payable decrease	`IncreaseDecreaseInAccountsPayable`	$-4.88M	USD	2 Qtrs
Accounts payable decrease	`IncreaseDecreaseInAccountsPayable`	$-1.71M	USD	2 Qtrs
Accrued and other liabilities decrease	`IncreaseDecreaseInAccruedLiabilitiesAndOthers`	$4.34M	USD	2 Qtrs
Accrued and other liabilities decrease	`IncreaseDecreaseInAccruedLiabilitiesAndOthers`	$3.29M	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$6.94M	USD	2 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$5.71M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.76M	USD	2 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.25M	USD	2 Qtrs
Proceeds from the sales of assets	`ProceedsFromSaleOfProductiveAssets`	$11.00K	USD	2 Qtrs
Proceeds from the sales of assets	`ProceedsFromSaleOfProductiveAssets`	$111.00K	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.14M	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.75M	USD	2 Qtrs
Repayments of term loan and other debt	`RepaymentsOfDebt`	$973.00K	USD	2 Qtrs
Repayments of term loan and other debt	`RepaymentsOfDebt`	$15.01M	USD	2 Qtrs
Net cash effect of exercise related to stock options	`ProceedsFromPaymentsForStockOptionsExercised`	$-186.00K	USD	2 Qtrs
Net cash effect of exercise related to stock options	`ProceedsFromPaymentsForStockOptionsExercised`	$365.00K	USD	2 Qtrs
Deferred financing cost paid	`PaymentsOfFinancingCosts`	$181.00K	USD	2 Qtrs
Net Cash Used in Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-14.83M	USD	2 Qtrs
Net Cash Used in Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.16M	USD	2 Qtrs
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.20M	USD	2 Qtrs
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-13.03M	USD	2 Qtrs
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$33.51M	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`	$37.25M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$33.51M	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`	$37.25M	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$7.90M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$9.21M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$5.50M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$5.51M	USD	1 Quarter
Amortization of actuarial loss and prior service costs, tax benefit	`OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax`	$102.00K	USD	1 Quarter
Amortization of actuarial loss and prior service costs, tax benefit	`OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax`	$204.00K	USD	2 Qtrs
Amortization of actuarial loss and prior service costs, net of tax benefit of $102 and $204 for the three and six months of 2013, respectively	`OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax`	$-344.00K	USD	2 Qtrs
Amortization of actuarial loss and prior service costs, net of tax benefit of $102 and $204 for the three and six months of 2013, respectively	`OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax`	$-172.00K	USD	1 Quarter
Other Comprehensive Loss	`OtherComprehensiveIncomeLossNetOfTax`	$-172.00K	USD	1 Quarter
Other Comprehensive Loss	`OtherComprehensiveIncomeLossNetOfTax`	$-344.00K	USD	2 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$8.87M	USD	2 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$7.90M	USD	2 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$5.51M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$5.33M	USD	1 Quarter

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