v3.26.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
Schedule of Cash Flow, Supplemental Disclosures
Supplemental Cash Flow Information
(Dollars in thousands)
Years Ended December 31,
202520242023
Interest paid, net$11,069 $14,010 $19,856 
Taxes paid, net$2,330 $12,881 $22,950 
Non-cash activities:
     Purchases of property and equipment not paid$506 $1,087 $807 
As required under ASU 2023-09, the following table presents income taxes paid, net of refunds received, disaggregated by jurisdiction for all years presented:
(In thousands)
Years Ended December 31,
202520242023
Federal$550 $11,107 $20,525 
State:
Arkansas212 
                         *
                         *
Minnesota159 
                         *
                         *
Rhode Island140 
                         *
                         *
Oklahoma121 
                         *
                         *
Other532 1,153 1,975 
Foreign:
Mexico616 
                         *
                         *
Other
                         *
621 450 
Income taxes paid, net of refunds received$2,330 $12,881 $22,950 
* The amount of income taxes paid during the year does not meet the five percent disaggregation threshold.
Schedule of Estimates at Completion
Net cumulative favorable and unfavorable catch-up adjustments to contracts had the following impact on our operating results:
(Dollars in thousands)
Years Ended December 31,
 202520242023
Total net revenues$(6,591)$(2,402)$(7,161)
Operating income$(6,591)$(2,402)$(7,161)
Schedule of Contract with Customer, Asset and Liability
Contract assets and contract liabilities from revenue contracts with customers are as follows:
(Dollars in thousands)
December 31,
2025		December 31,
2024
As Restated
Contract assets$249,845 $200,475 
Contract liabilities$40,694 $34,445 
Schedule of Disaggregation of Revenue
In addition to the revenue categories disclosed above, the following table reflects our revenue disaggregated by major end-use market:
(Dollars in thousands)
Years Ended December 31,		% of Net Revenues
Change2025202420252024
(As Restated)(As Restated)(As Restated)(As Restated)
Consolidated Ducommun
Military and space$59,957 $479,902 $419,945 58.2 %53.4 %
Commercial aerospace
(24,578)308,427 333,005 37.4 %42.3 %
Industrial3,018 36,510 33,492 4.4 %4.3 %
Total$38,397 $824,839 $786,442 100.0 %100.0 %
Electronic Systems
Military and space$43,650 $351,146 $307,496 75.9 %71.3 %
Commercial aerospace(15,349)75,026 90,375 16.2 %20.9 %
Industrial3,018 36,510 33,492 7.9 %7.8 %
Total$31,319 $462,682 $431,363 100.0 %100.0 %
Structural Systems
Military and space$16,307 $128,756 $112,449 35.6 %31.7 %
Commercial aerospace(9,229)233,401 242,630 64.4 %68.3 %
Total$7,078 $362,157 $355,079 100.0 %100.0 %
Schedule of Weighted Average Number of Shares Outstanding Used to Compute Earnings Per Share
The net income and weighted-average common shares outstanding used to compute earnings per share were as follows:
 
(In thousands, except per share data)
Years Ended December 31,
 202520242023
(As Restated)(As Restated)
Net (loss) income$(37,353)$21,677 $15,928 
Weighted-average number of common shares outstanding
Basic weighted-average common shares outstanding14,942 14,774 13,717 
Dilutive potential common shares— 239 255 
Diluted weighted-average common shares outstanding14,942 15,013 13,972 
(Loss) earnings per share
Basic$(2.50)$1.47 $1.16 
Diluted$(2.50)$1.44 $1.14 
Schedule of Weighted Average Number of Shares Outstanding Excluded from Computation of Diluted Earnings
Potentially dilutive stock awards to purchase common stock, as shown below, were excluded from the computation of diluted earnings per share because their inclusion would have been anti-dilutive. However, these shares may be potentially dilutive common shares in the future.
(In thousands)
Years Ended December 31,
 202520242023
Stock options and stock units376 2 10