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Business Segment Information (Tables)
6 Months Ended
Jun. 30, 2012
Financial Information by Reportable Segment

Financial information by reportable segment is set forth below:

 

     (In thousands)  
     Three Months Ended           Six Months Ended        
     June 30,
2012
    July 2,
2011
    %
Change
    June 30,
2012
    July 2,
2011
    %
Change
 

Net Sales:

            

Ducommun AeroStructures

   $ 76,890      $ 76,575        0.4   $ 151,177      $ 148,779        1.6

Ducommun LaBarge Technologies

     107,815        31,468        242.6     217,871        58,817        270.4
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total Net Sales

   $ 184,705      $ 108,043        71.0   $ 369,048      $ 207,596        77.8
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Segment Operating Income (1)

            

Ducommun AeroStructures

   $ 7,574      $ 8,844        $ 14,165      $ 15,911     

Ducommun LaBarge Technologies

     10,486        2,721          18,788        4,844     
  

 

 

   

 

 

     

 

 

   

 

 

   
     18,060        11,565          32,953        20,755     

Corporate General and Administrative Expenses (2) (3)

     (4,048     (14,158       (7,082     (19,089  
  

 

 

   

 

 

     

 

 

   

 

 

   

Total Operating Income

   $ 14,012      $ (2,593     $ 25,871      $ 1,666     
  

 

 

   

 

 

     

 

 

   

 

 

   

Depreciation and Amortization Expenses:

            

Ducommun AeroStructures

   $ 2,241      $ 2,472        $ 4,297      $ 5,029     

Ducommun LaBarge Technologies

     4,732        1,130          9,429        1,980     

Corporate Administration

     30        4          80        8     
  

 

 

   

 

 

     

 

 

   

 

 

   
   $ 7,003      $ 3,606        $ 13,806      $ 7,017     
  

 

 

   

 

 

     

 

 

   

 

 

   

Capital Expenditures:

            

Ducommun AeroStructures

   $ 1,829      $ 3,376        $ 4,281      $ 4,134     

Ducommun LaBarge Technologies

     2,012        788          4,444        1,475     

Corporate Administration

     5        131          38        194     
  

 

 

   

 

 

     

 

 

   

 

 

   

Total Capital Expenditures

   $ 3,846      $ 4,295        $ 8,763      $ 5,803     
  

 

 

   

 

 

     

 

 

   

 

 

   

 

(1) Before certain allocated corporate overhead.
(2) Includes approximately $0.1 million and $10.1 million of acquisition-related transaction expenses related to the LaBarge acquisition in the three months and $0.3 million and $11.5 million in the six months ended June 30, 2012 and July 2, 2011, respectively.
(3) Certain expenses, previously incurred at the operating segments, are now included in the corporate general and administrative expenses as a result of the Company’s organizational changes.
Segment Assets

Segment assets include assets directly identifiable with each segment. Corporate assets include assets not specifically identified with a business segment, including cash.

 

     (In thousands)  
     June 30,
2012
     December 31,
2011
 

Total Assets:

     

Ducommun AeroStructures

   $ 255,928       $ 240,950   

Ducommun LaBarge Technologies

     481,226         495,247   

Corporate Administration

     67,481         71,890   
  

 

 

    

 

 

 

Total Assets

   $ 804,635       $ 808,087   
  

 

 

    

 

 

 

Goodwill and Intangibles:

     

Ducommun AeroStructures

   $ 68,886       $ 70,314   

Ducommun LaBarge Technologies

     275,157         281,385   
  

 

 

    

 

 

 

Total Goodwill and Intangibles

   $ 344,043       $ 351,699