v3.26.3
Summary of Significant Accounting Policies (Tables)
 9 Months Ended
Oct. 03, 2026
Accounting Policies [Abstract]  
Schedule of Cash Flow Supplemental Disclosures
Supplemental Cash Flow Information
(Dollars in thousands)
Nine Months Ended
October 3,
2026		September 27,
2025
Interest paid, net$9,677 $6,728 
Taxes (refunded) paid, net$(461)$2,096 
Non-cash activities:
Purchases of property and equipment not paid$114 $573 
Common stock received with fair value in excess of original compensation related to compensation clawback$1,046 $— 
Schedule of Weighted Average Number of Shares Outstanding Used to Compute Earnings Per Share
The net income (loss) and weighted-average common shares outstanding used to compute earnings per share were as follows:
(Dollars and shares in thousands,
except per share data)		(Dollars and shares in thousands,
except per share data)
Three Months EndedNine Months Ended
October 3,
2026		September 27,
2025		October 3,
2026		September 27,
2025
As RestatedAs Restated
Net income (loss)$13,891 $(60,827)$44,206 $(46,671)
Weighted-average number of common shares outstanding
Basic weighted-average common shares outstanding15,156 14,978 15,117 14,925 
Dilutive potential common shares403 — 464 — 
Diluted weighted-average common shares outstanding15,559 14,978 15,581 14,925 
Earnings (loss) per share
Basic$0.92 $(4.06)$2.92 $(3.13)
Diluted$0.89 $(4.06)$2.84 $(3.13)
Schedule of Weighted Average Number of Shares Outstanding Excluded from Computation of Diluted Earnings
Potentially dilutive stock awards, as shown below, were excluded from the computation of diluted earnings per share because their inclusion would have been anti-dilutive. However, these awards may be potentially dilutive common shares in the future.
(In thousands)(In thousands)
Three Months EndedNine Months Ended
October 3,
2026		September 27,
2025		October 3,
2026		September 27,
2025
Stock options and stock units1 385 1 344 
Schedule of Estimates at Completion
Net cumulative favorable and unfavorable catch-up adjustments to contracts had the following impact on our operating results:
(Dollars in thousands)(Dollars in thousands)
Three Months EndedNine Months Ended
October 3,
2026		September 27,
2025		October 3,
2026		September 27,
2025
Total net revenues$(1,561)$(515)$(6,936)$(640)
Operating income$(1,561)$(515)$(6,936)$(640)
Schedule of Contract with Customer, Asset and Liability
Contract assets and contract liabilities from revenue contracts with customers are as follows:
(Dollars in thousands)
October 3,
2026		December 31,
2025
Contract assets$275,737 $249,845 
Contract liabilities$81,591 $40,694 
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)(Dollars in thousands)
Three Months EndedNine Months Ended
October 3,
2026		September 27,
2025		October 3,
2026		September 27,
2025
(As Restated)(As Restated)
Consolidated Ducommun
Military and space$118,609 $127,837 $359,992 $355,909 
Commercial aerospace
97,200 76,135 270,530 224,920 
Industrial11,214 10,450 30,015 26,877 
Total$227,023 $214,422 $660,537 $607,706 
Electronic Systems
Military and space$86,956 $95,825 $269,679 $263,182 
Commercial aerospace31,442 18,994 78,944 53,979 
Industrial11,214 10,450 30,015 26,877 
Total$129,612 $125,269 $378,638 $344,038 
Structural Systems
Military and space$31,653 $32,012 $90,313 $92,727 
Commercial aerospace65,758 57,141 191,586 170,941 
Total$97,411 $89,153 $281,899 $263,668