v3.25.2

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 28, 2025	Dec. 31, 2024
Current Assets
Cash and cash equivalents	$ 37,117	$ 37,139
Accounts receivable, net of allowance for credit losses of $2,008 and $2,630 at June 28, 2025 and December 31, 2024, respectively	119,682	109,716
Contract assets	221,046	200,584
Inventories	197,296	196,881
Production cost of contracts	5,769	6,802
Other current assets	17,327	16,959
Total Current Assets	598,237	568,081
Property and Equipment, Net of Accumulated Depreciation of $199,238 and $194,921 at June 28, 2025 and December 31, 2024, respectively	108,943	109,812
Operating Lease Right-of-Use Assets	24,358	28,611
Goodwill	244,600	244,600
Intangibles, Net	141,215	149,591
Deferred Income Taxes	5,066	2,239
Other Assets	18,412	23,167
Total Assets	1,140,831	1,126,101
Current Liabilities
Accounts payable	84,089	75,784
Contract liabilities	36,971	34,445
Accrued and other liabilities	42,069	44,214
Operating lease liabilities	8,866	8,531
Current portion of long-term debt	12,500	12,500
Total Current Liabilities	184,495	175,474
Long-Term Debt, Less Current Portion	218,084	229,830
Non-Current Operating Lease Liabilities	16,853	21,284
Other Long-Term Liabilities	13,568	16,983
Total Liabilities	433,000	443,571
Commitments and Contingencies (Notes 8, 10)
Shareholders’ Equity
Common Stock - $0.01 par value; 35,000,000 shares authorized; 14,922,797 and 14,781,218 shares issued and outstanding at June 28, 2025 and December 31, 2024, respectively	149	148
Additional Paid-In Capital	223,652	217,523
Retained Earnings	476,539	453,475
Accumulated Other Comprehensive Income	7,491	11,384
Total Shareholders’ Equity	707,831	682,530
Total Liabilities and Shareholders’ Equity	$ 1,140,831	$ 1,126,101

Costs incurred for certain long-term contracts that require machinery or tools to build the parts as specified within the contract. These costs include production and tooling costs. The production contract costs are recorded to costs of sales using the units of delivery method.

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DUCOMMUN INC /DE/ 10-Q