10-Q Filing

DUCOMMUN INC /DE/ CIK: 30305 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001445305-14-001489`
Period End Date	20140331
Filing Date	20140428
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	dco-20140329.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 26 Cash Flow Statement 56 Comprehensive Income 10

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$489.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$427.00K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$46.54M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.99M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	35.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$48.81M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	35.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.41M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.96M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $427 and $489 at March 29, 2014 and December 31, 2013, respectively	`AccountsReceivableNetCurrent`	$100.57M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $427 and $489 at March 29, 2014 and December 31, 2013, respectively	`AccountsReceivableNetCurrent`	$91.91M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	11.00M	shares	Point-in-time
Treasury stock shares, held in treasury	`TreasuryStockShares`	143,300.00	shares	Point-in-time
Inventories	`InventoryNet`	$148.90M	USD	Point-in-time
Inventories	`InventoryNet`	$140.51M	USD	Point-in-time
Treasury stock shares, held in treasury	`TreasuryStockShares`	143,300.00	shares	Point-in-time
Production cost of contracts	`ProductionCostOfContractsCurrent`	$10.48M	USD	Point-in-time
Production cost of contracts	`ProductionCostOfContractsCurrent`	$11.60M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsDeferredIncome`	$10.85M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsDeferredIncome`	$13.84M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$21.66M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$27.09M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$324.86M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$330.76M	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$94.17M	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$96.09M	USD	Point-in-time
Goodwill	`Goodwill`	$161.94M	USD	Point-in-time
Goodwill	`Goodwill`	$161.94M	USD	Point-in-time
Intangibles, Net	`IntangibleAssetsNetExcludingGoodwill`	$165.47M	USD	Point-in-time
Intangibles, Net	`IntangibleAssetsNetExcludingGoodwill`	$162.88M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$9.32M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$9.94M	USD	Point-in-time
Total Assets	`Assets`	$764.20M	USD	Point-in-time
Total Assets	`Assets`	$753.16M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$25.00K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$25.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$53.97M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$58.11M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$45.45M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$39.63M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$93.63M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$103.59M	USD	Point-in-time
Long-Term Debt, Less Current Portion	`LongTermDebtAndCapitalLeaseObligations`	$332.68M	USD	Point-in-time
Long-Term Debt, Less Current Portion	`LongTermDebtAndCapitalLeaseObligations`	$325.17M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$70.56M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$68.49M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$19.75M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$18.92M	USD	Point-in-time
Total Liabilities	`Liabilities`	$524.50M	USD	Point-in-time
Total Liabilities	`Liabilities`	$508.27M	USD	Point-in-time
Commitments and Contingencies (Notes 8, 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Notes 8, 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock - $0.01 par value; 35,000,000 shares authorized; 10,999,632 and 10,960,054 issued at March 29, 2014 and December 31, 2013, respectively	`CommonStockValue`	$110.00K	USD	Point-in-time
Common stock - $0.01 par value; 35,000,000 shares authorized; 10,999,632 and 10,960,054 issued at March 29, 2014 and December 31, 2013, respectively	`CommonStockValue`	$110.00K	USD	Point-in-time
Treasury stock, at cost - held in treasury 143,300 shares at March 29, 2014 and December 31, 2013	`TreasuryStockValue`	$1.92M	USD	Point-in-time
Treasury stock, at cost - held in treasury 143,300 shares at March 29, 2014 and December 31, 2013	`TreasuryStockValue`	$1.92M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$70.54M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$71.04M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$179.46M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$174.83M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.79M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.86M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$239.69M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$244.89M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$764.20M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$753.16M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`SalesRevenueNet`	$175.91M	USD	1 Quarter
Net Sales	`SalesRevenueNet`	$179.75M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$144.68M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$143.06M	USD	1 Quarter
Gross Profit	`GrossProfit`	$32.85M	USD	1 Quarter
Gross Profit	`GrossProfit`	$35.07M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$21.09M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$22.55M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$10.30M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$13.98M	USD	1 Quarter
Interest Expense	`InterestIncomeExpenseNet`	$-7.82M	USD	1 Quarter
Interest Expense	`InterestIncomeExpenseNet`	$-7.12M	USD	1 Quarter
Income Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.86M	USD	1 Quarter
Income Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.48M	USD	1 Quarter
Income Tax Expense (Benefit)	`IncomeTaxExpenseBenefit`	$-1.23M	USD	1 Quarter
Income Tax Expense (Benefit)	`IncomeTaxExpenseBenefit`	$2.23M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$4.63M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$3.71M	USD	1 Quarter
Basic earnings (loss) per share (in dollars per share)	`EarningsPerShareBasic`	$0.35	USD	1 Quarter
Basic earnings (loss) per share (in dollars per share)	`EarningsPerShareBasic`	$0.43	USD	1 Quarter
Diluted earnings (loss) per share (in dollars per share)	`EarningsPerShareDiluted`	$0.35	USD	1 Quarter
Diluted earnings (loss) per share (in dollars per share)	`EarningsPerShareDiluted`	$0.42	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.60M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.84M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	11.11M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	10.67M	shares	1 Quarter

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$4.63M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$3.71M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$7.03M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$7.43M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$364.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$693.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-2.04M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-919.00K	USD	1 Quarter
Recovery of doubtful accounts	`AllowanceForDoubtfulAccountsReceivableRecoveries`	$157.00K	USD	1 Quarter
Recovery of doubtful accounts	`AllowanceForDoubtfulAccountsReceivableRecoveries`	$62.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-246.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-88.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$8.60M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.07M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$1.08M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$8.39M	USD	1 Quarter
Production cost of contracts	`IncreaseDecreaseInContractReceivablesNet`	$2.56M	USD	1 Quarter
Production cost of contracts	`IncreaseDecreaseInContractReceivablesNet`	$-513.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-5.44M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-1.46M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.10M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.14M	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOthers`	$6.07M	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOthers`	$12.39M	USD	1 Quarter
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.12M	USD	1 Quarter
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-9.71M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.61M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.19M	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$5.00K	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$5.00K	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.61M	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.19M	USD	1 Quarter
Repayment of term loan and other debt	`RepaymentsOfDebt`	$7.51M	USD	1 Quarter
Repayment of term loan and other debt	`RepaymentsOfDebt`	$7.51M	USD	1 Quarter
Debt issue cost paid	`PaymentsOfDebtIssuanceCosts`	$181.00K	USD	1 Quarter
Debt issue cost paid	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Net proceeds from issuance of common stock under stock plans	`ProceedsFromStockOptionsExercised`	$7.00K	USD	1 Quarter
Net proceeds from issuance of common stock under stock plans	`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`	$-7.50M	USD	1 Quarter
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-19.40M	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`	$46.54M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$29.99M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$48.81M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$29.41M	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`	$29.99M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$48.81M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$29.41M	USD	Point-in-time
Interest paid	`InterestPaid`	$12.04M	USD	1 Quarter
Interest paid	`InterestPaid`	$11.40M	USD	1 Quarter
Taxes paid	`IncomeTaxesPaid`	$563.00K	USD	1 Quarter
Taxes paid	`IncomeTaxesPaid`	$58.00K	USD	1 Quarter
Purchases of property and equipment not paid	`CapitalExpendituresIncurredButNotYetPaid`	-	USD	1 Quarter
Purchases of property and equipment not paid	`CapitalExpendituresIncurredButNotYetPaid`	$182.00K	USD	1 Quarter

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$4.63M	USD	1 Quarter
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, Tax	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax`	$-44.00K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$3.71M	USD	1 Quarter
Other Comprehensive (Income) Loss, Reclassification Adjustment from AOCI, Pension and Other Postretirement Benefit Plans, Tax	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax`	$-102.00K	USD	1 Quarter
Amortization of actuarial loss and prior service costs, net of tax benefit of $36 and $102 for the three months ended March 29, 2014 and March 30, 2013, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax`	$-172.00K	USD	1 Quarter
Amortization of actuarial loss and prior service costs, net of tax benefit of $36 and $102 for the three months ended March 29, 2014 and March 30, 2013, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax`	$-69.00K	USD	1 Quarter
Other Comprehensive Loss	`OtherComprehensiveIncomeLossNetOfTax`	$-172.00K	USD	1 Quarter
Other Comprehensive Loss	`OtherComprehensiveIncomeLossNetOfTax`	$-69.00K	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$4.56M	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.