10-Q Filing

DUCOMMUN INC /DE/ CIK: 30305 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001628280-15-004093`
Period End Date	20150331
Filing Date	20150512
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	dco-20150404.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 96 Income Statement 26 Cash Flow Statement 58 Comprehensive Income 10

Balance Sheet 96 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$427.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$252.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$189.00K	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
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$32.70M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$45.63M	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`	$29.41M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	11.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	11.00M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $189 and $252 at April 4, 2015 and December 31, 2014, respectively	`AccountsReceivableNetCurrent`	$90.91M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $189 and $252 at April 4, 2015 and December 31, 2014, respectively	`AccountsReceivableNetCurrent`	$91.06M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	10.95M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $189 and $252 at April 4, 2015 and December 31, 2014, respectively	`AccountsReceivableNetCurrent`	$100.57M	USD	Point-in-time
Inventories	`InventoryNet`	$141.44M	USD	Point-in-time
Inventories	`InventoryNet`	$142.84M	USD	Point-in-time
Inventories	`InventoryNet`	$148.90M	USD	Point-in-time
Production cost of contracts	`ProductionCostOfContractsCurrent`	$11.12M	USD	Point-in-time
Production cost of contracts	`ProductionCostOfContractsCurrent`	$11.73M	USD	Point-in-time
Production cost of contracts	`ProductionCostOfContractsCurrent`	$10.48M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsDeferredIncome`	$13.78M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsDeferredIncome`	$13.78M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsDeferredIncome`	$15.34M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$22.66M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$23.70M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$19.48M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$327.36M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$328.74M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$309.44M	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$94.17M	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$100.00M	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$99.07M	USD	Point-in-time
Goodwill	`Goodwill`	$157.57M	USD	Point-in-time
Goodwill	`Goodwill`	$157.57M	USD	Point-in-time
Goodwill	`Goodwill`	$157.57M	USD	Point-in-time
Intangibles, Net	`IntangibleAssetsNetExcludingGoodwill`	$155.10M	USD	Point-in-time
Intangibles, Net	`IntangibleAssetsNetExcludingGoodwill`	$152.60M	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`	$6.32M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$7.12M	USD	Point-in-time
Total Assets	`Assets`	$747.60M	USD	Point-in-time
Total Assets	`Assets`	$725.93M	USD	Point-in-time
Total Assets	`Assets`	$751.29M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$25.00K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$27.00K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$26.00K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$26.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$58.58M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$58.98M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$53.97M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$43.45M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$41.66M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$52.07M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$100.26M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$111.07M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$97.45M	USD	Point-in-time
Long-Term Debt, Less Current Portion	`LongTermDebtAndCapitalLeaseObligations`	$290.03M	USD	Point-in-time
Long-Term Debt, Less Current Portion	`LongTermDebtAndCapitalLeaseObligations`	$280.02M	USD	Point-in-time
Long-Term Debt, Less Current Portion	`LongTermDebtAndCapitalLeaseObligations`	$325.17M	USD	Point-in-time
Long-Term Debt, Less Current Portion	`LongTermDebtAndCapitalLeaseObligations`	$290.03M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$70.06M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$69.45M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$70.20M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$20.48M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$18.62M	USD	Point-in-time
Other Long-Term Liabilities	`OtherLiabilitiesNoncurrent`	$19.94M	USD	Point-in-time
Total Liabilities	`Liabilities`	$491.03M	USD	Point-in-time
Total Liabilities	`Liabilities`	$470.42M	USD	Point-in-time
Total Liabilities	`Liabilities`	$511.30M	USD	Point-in-time
Commitments and Contingencies (Notes 9, 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Notes 9, 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Notes 9, 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock - $0.01 par value; 35,000,000 shares authorized; 10,997,241 and 10,952,268 issued at April 4, 2015 and December 31, 2014, respectively	`CommonStockValue`	$110.00K	USD	Point-in-time
Common stock - $0.01 par value; 35,000,000 shares authorized; 10,997,241 and 10,952,268 issued at April 4, 2015 and December 31, 2014, respectively	`CommonStockValue`	$110.00K	USD	Point-in-time
Common stock - $0.01 par value; 35,000,000 shares authorized; 10,997,241 and 10,952,268 issued at April 4, 2015 and December 31, 2014, respectively	`CommonStockValue`	$110.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$72.21M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$72.99M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$69.40M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$188.93M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$190.91M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$176.20M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.79M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.65M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.53M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$255.51M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$239.99M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$256.57M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$747.60M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$725.93M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$751.29M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net Revenues	`SalesRevenueNet`	$172.92M	USD	1 Quarter
Net Revenues	`SalesRevenueNet`	$179.75M	USD	1 Quarter
Cost of Sales	`CostOfGoodsSold`	$146.16M	USD	1 Quarter
Cost of Sales	`CostOfGoodsSold`	$143.84M	USD	1 Quarter
Gross Profit	`GrossProfit`	$26.76M	USD	1 Quarter
Gross Profit	`GrossProfit`	$35.91M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$23.13M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$21.09M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$3.63M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$14.83M	USD	1 Quarter
Interest Expense	`InterestIncomeExpenseNet`	$-6.66M	USD	1 Quarter
Interest Expense	`InterestIncomeExpenseNet`	$-7.12M	USD	1 Quarter
(Loss) Income Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-3.03M	USD	1 Quarter
(Loss) Income Before Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.70M	USD	1 Quarter
Income Tax (Benefit) Expense	`IncomeTaxExpenseBenefit`	$2.54M	USD	1 Quarter
Income Tax (Benefit) Expense	`IncomeTaxExpenseBenefit`	$-1.06M	USD	1 Quarter
Net (Loss) Income	`NetIncomeLoss`	$-1.97M	USD	1 Quarter
Net (Loss) Income	`NetIncomeLoss`	$5.16M	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$-0.18	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.48	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$-0.18	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.46	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.96M	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`	10.96M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net (Loss) Income	`NetIncomeLoss`	$-1.97M	USD	1 Quarter
Net (Loss) Income	`NetIncomeLoss`	$5.16M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$6.91M	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`	$1.62M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$751.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-604.00K	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$124.00K	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$109.00K	USD	1 Quarter
Recovery of doubtful accounts	`AllowanceForDoubtfulAccountsReceivableRecoveries`	$62.00K	USD	1 Quarter
Recovery of doubtful accounts	`AllowanceForDoubtfulAccountsReceivableRecoveries`	$62.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-643.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$757.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-210.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$8.60M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$8.39M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-1.40M	USD	1 Quarter
Production cost of contracts	`IncreaseDecreaseInContractReceivablesNet`	$-513.00K	USD	1 Quarter
Production cost of contracts	`IncreaseDecreaseInContractReceivablesNet`	$-95.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-5.44M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-4.41M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$342.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.14M	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-6.07M	USD	1 Quarter
Accrued and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-10.76M	USD	1 Quarter
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-9.84M	USD	1 Quarter
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$3.48M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.19M	USD	1 Quarter
Purchases of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.57M	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$5.00K	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfProductiveAssets`	$9.00K	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.19M	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.56M	USD	1 Quarter
Repayment of term loan and other debt	`RepaymentsOfDebt`	$7.51M	USD	1 Quarter
Repayment of term loan and other debt	`RepaymentsOfDebt`	$10.01M	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$109.00K	USD	1 Quarter
Excess tax benefits from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$124.00K	USD	1 Quarter
Net proceeds from issuance of common stock under stock plans	`ProceedsFromStockOptionsExercised`	$-947.00K	USD	1 Quarter
Net proceeds from issuance of common stock under stock plans	`ProceedsFromStockOptionsExercised`	$7.00K	USD	1 Quarter
Net Cash Used in Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.38M	USD	1 Quarter
Net Cash Used in Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-10.84M	USD	1 Quarter
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-19.40M	USD	1 Quarter
Net Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-12.92M	USD	1 Quarter
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$32.70M	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`	$45.63M	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`	$32.70M	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`	$45.63M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$29.41M	USD	Point-in-time
Interest paid	`InterestPaid`	$11.40M	USD	1 Quarter
Interest paid	`InterestPaid`	$11.40M	USD	1 Quarter
Taxes paid	`IncomeTaxesPaid`	$58.00K	USD	1 Quarter
Taxes paid	`IncomeTaxesPaid`	-	USD	1 Quarter
Purchases of property and equipment not paid	`CapitalExpendituresIncurredButNotYetPaid`	$182.00K	USD	1 Quarter
Purchases of property and equipment not paid	`CapitalExpendituresIncurredButNotYetPaid`	$714.00K	USD	1 Quarter

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net (Loss) Income	`NetIncomeLoss`	$-1.97M	USD	1 Quarter
Amortization of actuarial loss and prior service costs, tax benefits	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax`	$-97.00K	USD	1 Quarter
Amortization of actuarial loss and prior service costs, tax benefits	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax`	$-36.00K	USD	1 Quarter
Net (Loss) Income	`NetIncomeLoss`	$5.16M	USD	1 Quarter
Amortization of actuarial losses and prior service costs, net of tax benefit of approximately $97 and $36 for the three months ended April 4, 2015 and March 29, 2014, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax`	$-125.00K	USD	1 Quarter
Amortization of actuarial losses and prior service costs, net of tax benefit of approximately $97 and $36 for the three months ended April 4, 2015 and March 29, 2014, respectively	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax`	$-69.00K	USD	1 Quarter
Other Comprehensive Loss	`OtherComprehensiveIncomeLossNetOfTax`	$-69.00K	USD	1 Quarter
Other Comprehensive Loss	`OtherComprehensiveIncomeLossNetOfTax`	$-125.00K	USD	1 Quarter
Comprehensive (Loss) Income	`ComprehensiveIncomeNetOfTax`	$-2.10M	USD	1 Quarter
Comprehensive (Loss) Income	`ComprehensiveIncomeNetOfTax`	$5.09M	USD	1 Quarter

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