10-Q Filing

DUCOMMUN INC /DE/ CIK: 30305 Q3 2013

Filing Information

Form Type	10-Q
Accession Number	`0001193125-13-413466`
Period End Date	20130930
Filing Date	20131028
Fiscal Year	2013
Fiscal Period	Q3
XBRL Instance	dco-20130928.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 52 Cash Flow Statement 59 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`	$41.45M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$32.60M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.74M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.92M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.87M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$46.54M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$97.30M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$92.64M	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`	$6.62M	USD	Point-in-time
Inventories	`InventoryNet`	$148.52M	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`	$19.93M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsDeferredIncome`	$10.46M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsDeferredIncome`	$7.11M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$10.44M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$16.89M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$324.30M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$334.57M	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$93.84M	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$98.38M	USD	Point-in-time
Goodwill	`Goodwill`	$161.94M	USD	Point-in-time
Goodwill	`Goodwill`	$161.94M	USD	Point-in-time
Intangibles, Net	`IntangibleAssetsNetExcludingGoodwill`	$168.19M	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`	$11.78M	USD	Point-in-time
Total Assets	`Assets`	$760.05M	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`	$49.67M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$52.72M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$39.32M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$108.34M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$92.02M	USD	Point-in-time
Long-Term Debt, Less Current Portion	`LongTermDebtAndCapitalLeaseObligations`	$340.18M	USD	Point-in-time
Long-Term Debt, Less Current Portion	`LongTermDebtAndCapitalLeaseObligations`	$362.70M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$64.50M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$67.81M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$22.10M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$23.55M	USD	Point-in-time
Total Liabilities	`Liabilities`	$562.40M	USD	Point-in-time
Total Liabilities	`Liabilities`	$518.80M	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 10,923,469 shares in 2013 and 10,738,065 shares in 2012	`CommonStockValue`	$109.00K	USD	Point-in-time
Common stock - $0.01 par value; authorized 35,000,000 shares; issued 10,923,469 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`	$70.68M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$179.33M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$165.49M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.47M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.95M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$222.68M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$241.24M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$785.07M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$760.05M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`SalesRevenueNet`	$184.10M	USD	1 Quarter
Net Sales	`SalesRevenueNet`	$553.14M	USD	3 Qtrs
Net Sales	`SalesRevenueNet`	$181.29M	USD	1 Quarter
Net Sales	`SalesRevenueNet`	$548.67M	USD	3 Qtrs
Cost of Sales	`CostOfRevenue`	$447.14M	USD	3 Qtrs
Cost of Sales	`CostOfRevenue`	$446.20M	USD	3 Qtrs
Cost of Sales	`CostOfRevenue`	$148.52M	USD	1 Quarter
Cost of Sales	`CostOfRevenue`	$148.98M	USD	1 Quarter
Gross Profit	`GrossProfit`	$106.00M	USD	3 Qtrs
Gross Profit	`GrossProfit`	$35.58M	USD	1 Quarter
Gross Profit	`GrossProfit`	$102.47M	USD	3 Qtrs
Gross Profit	`GrossProfit`	$32.30M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$65.89M	USD	3 Qtrs
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$65.17M	USD	3 Qtrs
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$20.35M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$21.34M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$40.11M	USD	3 Qtrs
Operating Income	`OperatingIncomeLoss`	$11.95M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$37.30M	USD	3 Qtrs
Operating Income	`OperatingIncomeLoss`	$14.24M	USD	1 Quarter
Interest Expense	`InterestIncomeExpenseNet`	$-8.24M	USD	1 Quarter
Interest Expense	`InterestIncomeExpenseNet`	$-24.71M	USD	3 Qtrs
Interest Expense	`InterestIncomeExpenseNet`	$-7.40M	USD	1 Quarter
Interest Expense	`InterestIncomeExpenseNet`	$-22.67M	USD	3 Qtrs
Income Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.55M	USD	1 Quarter
Income Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.00M	USD	1 Quarter
Income Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$15.40M	USD	3 Qtrs
Income Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$14.63M	USD	3 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$783.00K	USD	3 Qtrs
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-86.00K	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$894.00K	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$2.40M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$4.64M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$13.00M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$13.85M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$5.11M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.43	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.48	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$1.23	USD	3 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$1.30	USD	3 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$1.23	USD	3 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$1.28	USD	3 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$0.42	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.48	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	10.66M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	10.57M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	10.72M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	10.60M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.79M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.92M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.63M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.59M	shares	3 Qtrs

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$4.64M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$13.00M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$13.85M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$5.11M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$21.38M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$7.66M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$21.46M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$7.20M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.53M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$1.71M	USD	3 Qtrs
Deferred income tax provision (benefit)	`DeferredIncomeTaxesAndTaxCredits`	$45.00K	USD	3 Qtrs
Deferred income tax provision (benefit)	`DeferredIncomeTaxesAndTaxCredits`	$-3.60M	USD	3 Qtrs
Income tax benefit from stock-based compensation	`DeferredTaxExpenseFromStockOptionsExercised`	$324.00K	USD	3 Qtrs
Income tax benefit from stock-based compensation	`DeferredTaxExpenseFromStockOptionsExercised`	$1.25M	USD	3 Qtrs
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$217.00K	USD	3 Qtrs
Provision for (recovery of) doubtful accounts	`ProvisionForDoubtfulAccounts`	$59.00K	USD	3 Qtrs
Provision for (recovery of) doubtful accounts	`ProvisionForDoubtfulAccounts`	$-141.00K	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$-2.08M	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$-1.43M	USD	3 Qtrs
Accounts receivable (increase) decrease	`IncreaseDecreaseInAccountsReceivable`	$-4.80M	USD	3 Qtrs
Accounts receivable (increase) decrease	`IncreaseDecreaseInAccountsReceivable`	$6.93M	USD	3 Qtrs
Unbilled receivables increase	`IncreaseDecreaseInUnbilledReceivables`	$3.06M	USD	3 Qtrs
Unbilled receivables increase	`IncreaseDecreaseInUnbilledReceivables`	$241.00K	USD	3 Qtrs
Inventories increase	`IncreaseDecreaseInInventories`	$7.96M	USD	3 Qtrs
Inventories increase	`IncreaseDecreaseInInventories`	$206.00K	USD	3 Qtrs
Production cost of contracts increase	`IncreaseDecreaseInCapitalizedCostsForContracts`	$1.47M	USD	3 Qtrs
Production cost of contracts increase	`IncreaseDecreaseInCapitalizedCostsForContracts`	$3.40M	USD	3 Qtrs
Other assets (increase) decrease	`IncreaseDecreaseInOtherOperatingAssets`	$-6.40M	USD	3 Qtrs
Other assets (increase) decrease	`IncreaseDecreaseInOtherOperatingAssets`	$5.97M	USD	3 Qtrs
Accounts payable decrease	`IncreaseDecreaseInAccountsPayable`	$-2.91M	USD	3 Qtrs
Accounts payable decrease	`IncreaseDecreaseInAccountsPayable`	$-3.08M	USD	3 Qtrs
Accrued and other liabilities decrease	`IncreaseDecreaseInAccruedLiabilitiesAndOthers`	$14.07M	USD	3 Qtrs
Accrued and other liabilities decrease	`IncreaseDecreaseInAccruedLiabilitiesAndOthers`	$10.18M	USD	3 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$14.49M	USD	3 Qtrs
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$11.38M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.33M	USD	3 Qtrs
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.32M	USD	3 Qtrs
Proceeds from the sales of assets	`ProceedsFromSaleOfProductiveAssets`	$18.00K	USD	3 Qtrs
Proceeds from the sales of assets	`ProceedsFromSaleOfProductiveAssets`	$123.00K	USD	3 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.20M	USD	3 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-12.31M	USD	3 Qtrs
Repayments of term loan and other debt	`RepaymentsOfDebt`	$11.46M	USD	3 Qtrs
Repayments of term loan and other debt	`RepaymentsOfDebt`	$22.52M	USD	3 Qtrs
Net cash effect of exercise related to stock options	`ProceedsFromPaymentsForStockOptionsExercised`	$-186.00K	USD	3 Qtrs
Net cash effect of exercise related to stock options	`ProceedsFromPaymentsForStockOptionsExercised`	$1.25M	USD	3 Qtrs
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$217.00K	USD	3 Qtrs
Deferred financing cost paid	`PaymentsOfFinancingCosts`	$181.00K	USD	3 Qtrs
Net Cash Used in Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-11.65M	USD	3 Qtrs
Net Cash Used in Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-21.24M	USD	3 Qtrs
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-12.58M	USD	3 Qtrs
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-13.94M	USD	3 Qtrs
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$41.45M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$32.60M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$28.87M	USD	Point-in-time
Cash and Cash Equivalents at Beginning 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`	$32.60M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$28.87M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$46.54M	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$4.64M	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`	$-306.00K	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$13.00M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$13.85M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$5.11M	USD	1 Quarter
Amortization of actuarial loss and prior service costs, net of tax benefit of $102 and $306 for the three and nine months of 2013, respectively	`OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax`	$-172.00K	USD	1 Quarter
Amortization of actuarial loss and prior service costs, net of tax benefit of $102 and $306 for the three and nine months of 2013, respectively	`OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax`	$-516.00K	USD	3 Qtrs
Other Comprehensive Loss	`OtherComprehensiveIncomeLossNetOfTax`	$-516.00K	USD	3 Qtrs
Other Comprehensive Loss	`OtherComprehensiveIncomeLossNetOfTax`	$-172.00K	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$13.00M	USD	3 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$5.11M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$13.33M	USD	3 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$4.46M	USD	1 Quarter

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