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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure [Table]          
Pay vs Performance Disclosure, Table

Pay Versus Performance Table

 

The Pay Versus Performance Table, associated narratives and other tables which follow, describe how compensation actually paid to our Named Executive Officers aligns to our financial performance for the years ended December 31, 2024, 2023, 2022, 2021 and 2020, as required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation S-K.

 

Pay versus Performance Table*

 

         (d) Average
of Summary
  (e) Average   Value of Initial Fixed $100
Investment Based On:
      
(a) Year    (b) Summary
Compensation
Table Total for
PEO(1)
     (c) Compensation
Actually Paid to
PEO(2)
    Compensation
Table Total
for Non-PEO
NEOs(3)
    Compensation
Actually Paid
to Non-PEO
NEOs(4)
    (f) Total
Shareholder
Return(5)
    (g) Peer Group Total
Shareholder Return(6)
    (h) Net
Income(12)
    (i) Operating
Income(13)
2024  $9,723,566         $ 21,282,214  $2,093,328           $ 3,369,801                $ 126            $ 112(7)  $31.5M  $52.2M
2023  $8,280,943         $ 8,341,624  $1,433,179  $ 1,406,159  $ 103  $ 102(8)  $15.9M  $28.9M
2022  $6,715,767         $ 7,935,272  $1,211,916  $ 1,337,524  $ 99  $ 67(9)  $28.8M  $39.8M
2021  $6,299,099  $ 5,443,103  $1,150,893  $ 984,658  $ 93  $ 87(10)  $25.5M  $48.8M
2020  $4,977,506  $ 8,347,343  $1,021,275  $ 1,455,593  $ 106  $ 98(11)  $29.2M  $45.5M
* The amount of Compensation Actually Paid to the PEO and Non-PEO NEOs in columns (c) and (e) above does not reflect the actual amount of compensation earned or paid out to each NEO during the applicable fiscal year. A portion of the year-over-year increase in Compensation Actually Paid is reflective of the impact of the significant growth in the Company’s market capitalization and our increased stock price on outstanding equity awards held by our NEOs, both of which greatly benefit shareholders.

(1) The dollar amounts reported are the total compensation reported in the Summary Compensation Table for our PEO. Our PEO for all five years covered by the Pay Versus Performance table was Stephen G. Oswald.

(2) The dollar amounts reported represent the amount of “compensation actually paid” to Mr. Oswald, as computed in accordance with SEC rules. The dollar amounts do not reflect the actual amount of compensation earned by or paid during the applicable year. As our PEO does not participate in any defined benefit plans, no adjustments were required to amounts reported in the Summary Compensation Table related to the value of benefits under such plans. In accordance with SEC rules, the following adjustments were made to total compensation to determine the compensation actually paid:

 

Year  Reported Summary
Compensation Table
Total for PEO
   Reported Value
of Equity Awards(a)
   Equity
Award Adjustments(b)
   Compensation Actually Paid to
PEO(c)
 
2024        $9,723,566         $5,831,071         $17,389,719          $21,282,214 
2023  $8,280,943   $5,001,609   $5,062,290   $8,341,624 
2022  $6,715,767   $3,914,313   $5,133,818   $7,935,272 
2021  $6,299,099   $4,370,320   $3,514,324   $5,443,103 
2020  $4,977,506   $2,251,772   $5,621,609   $8,347,343 
(a) The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” and “Option Awards” columns in the Summary Compensation Table for the applicable year.
(b) The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; (iii) for awards that are granted and vest in the same applicable year, the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock or option awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments are as follows:
 
Year     Year End Fair
Value of Equity
Awards Granted
in the Year that
were Unvested at
Year End
      Year over Year
Change in
Fair Value of
Outstanding and
Unvested Equity
Awards
      Fair Value as
of Vesting
Date of Equity
Awards
Granted and
Vested in the
Year
      Change in Fair
Value from Prior
Fiscal Year
End until the
Vesting
Date for Equity
Awards Granted
in Prior Years
that Vested in
the Year
      Fair Value at the
End of the Prior
Year of Equity
Awards that Failed
to Meet Vesting
Conditions in the
Year
      Value of
Dividends or
other Earnings
Paid on Stock or
Option Awards
not Otherwise
Reflected in Fair
Value
      Total
Equity
Award
Adjustments
 
2024      $6,378,790       $1,279,087           $9,731,842             $17,389,719 
2023  $5,314,566   $(469,578)      $217,302           $5,062,290 
2022  $4,984,375   $176,717       $(27,274)          $5,133,818 
2021  $3,551,870   $(861,732)      $824,186           $3,514,324 
2020  $4,632,761   $996,722       $(7,874)          $5,621,609 
(c) In accordance with SEC rules, the amount in this column for each covered year has been calculated by subtracting the amount reported in the “Reported Value of Equity Awards” column for such covered year from the amount reported in the “Reported Summary Compensation Table Total for PEO” column for such covered year and then adding to such figure the amount reported in the “Equity Award Adjustments” column for such covered year.

(3) The dollar amounts reported represent the average of the amounts reported for our NEOs as a group (excluding our CEO)(“Non-PEO NEOs”) in the “Total” column of the Summary Compensation Table in each applicable year. Non-PEO NEOs in 2024 included: Suman B. Mookerji, Jerry L. Redondo, Laureen S. Gonzalez and Rajiv A. Tata. Non-PEO NEOs in 2023 included: Suman B. Mookerji, Jerry L. Redondo, Laureen S. Gonzalez, Rajiv A. Tata and Christopher D. Wampler. Non-PEO NEOs in 2022 included: Jerry L. Redondo, Laureen S. Gonzalez, Rajiv A. Tata and Christopher D. Wampler. Non-PEO NEOs in 2021 included: Jerry L. Redondo, Rose F. Rogers, Rajiv A. Tata and Christopher D. Wampler. Non-PEO NEOs in 2020 included: Jerry L. Redondo, Rose F. Rogers, Rajiv A. Tata and Christopher D. Wampler.
(4) The dollar amounts reported represent the average amount of “compensation actually paid” to the Non-PEO NEOs as a group, as computed in accordance with SEC rules. The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the Non-PEO NEOs as a group during the applicable year. As our Non-PEO NEOs do not participate in any defined benefit plans, no adjustments were required to amounts reported in the Summary Compensation Table totals related to the value of benefits under such plans. In accordance with the SEC rules, the following adjustments were made to average total compensation for the Non-PEO NEOs as a group for each year to determine the compensation actually paid, using the same methodology described above in Note 2:

 

Year  Average
Reported Summary
Compensation Table Total for
Non-PEO NEOs
   Average
Reported
Value of Equity Awards
   Average Equity
Award Adjustments(a)
   Average Compensation
Actually Paid to Non-PEO
NEOs(b)
 
2024        $2,093,328         $799,412         $2,075,885          $3,369,801 
2023  $1,433,179   $507,089   $480,069   $1,406,159 
2022  $1,211,916   $490,566   $616,174   $1,337,524 
2021  $1,150,893   $534,595   $368,360   $984,658 
2020  $1,021,275   $328,671   $762,989   $1,455,593 
(a) The amounts deducted or added in calculating the total average equity award adjustments are as follows:

 

Year  Average
Year End Fair Value
of Equity Awards
Granted in the Year
that were Unvested
at Year End
   Year over Year
Average Change
in Fair Value of
Outstanding and
Unvested Equity
Awards
   Average Fair
Value as of
Vesting Date
of Equity
Awards
Granted and
Vested in the
Year
   Average Change in
Fair Value from Prior
Fiscal Year End until
the Vesting Date for
Equity
Awards Granted in
Prior Years that
Vested in the Year
   Average Fair
Value at the
End of the
Prior Year
of Equity
Awards that
Failed to
Meet Vesting
Conditions in
the Year
   Average
Value of
Dividends
or other
Earnings
Paid on
Stock or
Option
Awards not
Otherwise
Reflected in
Fair Value
   Total
Average
Equity
Award
Adjustments
 
2024      $893,192       $210,758           $971,935               $2,075,885 
2023  $539,098   $(43,358)      $(15,670)          $480,069 
2022  $603,136   $29,751       $(16,713)         $616,174 
2021  $408,433   $(94,674)      $54,601           $368,360 
2020  $696,886   $112,329       $(46,226)          $762,989 
(b) In accordance with SEC rules, the amount in this column for each covered year has been calculated by subtracting the amount reported in the “Average Reported Value of Equity Awards” column for such covered year from the amount reported in the “Average Reported Summary Compensation Table Total for Non-PEO NEOs” column for such covered year and then adding to such figure the amount reported in the “Average Equity Award Adjustments” column for such covered year.

(5) Cumulative TSR is calculated by dividing the sum of the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and the difference between the Company’s share price at the end and the beginning of the measurement period by the Company’s share price at the beginning of the measurement period.
(6) Represents the weighted peer group TSR, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated.

 

(7) Please see the “Benchmarking and Proxy Talent Peer Groups” section of the Compensation Discussion and Analysis section for a list of the proxy talent peer group used to determine 2024 compensation, which was the same group used to determine 2023 compensation.
(8) The proxy talent peer group used to determine 2023 compensation for our PEO and Non-PEO NEOs included: AAR Corporation, AeroVironment, Inc., Astronics Corporation, Barnes Group, Inc., CIRCOR International, Inc., Heico Corporation, Hexcel Corporation, Kaman Corporation, Kratos Defense & Security Solutions, Inc., Mercury Systems, Inc., RBC Bearings, Inc. and Triumph Group, Inc.
(9) The proxy talent peer group used to determine 2022 compensation for our PEO and non-PEO NEOs included: AAR Corporation, Astronics Corporation, Barnes Group, Inc., CIRCOR International, Cubic Corporation, HEICO Corporation, Hexcel Corporation, Kaman Corporation, Kratos Defense & Security Solutions, Inc., Mercury Systems, Inc., RBC Bearings, Inc.
(10) The proxy talent peer group used to determine 2021 compensation for our PEO and non-PEO NEOs included: AAR Corp., Aerojet Rocketdyne Holdings, Inc., Astronics Corporation, Barnes Group Inc., CIRCOR International, Inc., Cubic Corporation, Heico Corporation, Kaman Corporation, Kratos Defense & Security Solutions, Inc., Mercury Systems, Inc. and RBC Bearings Incorporated.
(11) The proxy talent peer group used to determine 2020 compensation for our PEO and non-PEO NEOs included: AAR Corp., Aerojet Rocketdyne Holdings, Inc., Astronics Corporation, Barnes Group, Inc., CIRCOR International, Inc., Cubic Corporation, Heico Corporation, Kaman Corporation, Kratos Defense & Security Solutions, Inc., Mercury Systems, Inc. and RBC Bearings Incorporated.
(12) 2021 Net Income excludes $110M attributable to Ducommun’s completion of a sale-leaseback transaction involving its Gardena, CA performance center.
(13) Operating income decreased between 2022 and 2023 due to $11.9 million in restructure expenses related to the repositioning of production at three of our performance centers in conjunction with our 2022 restructure plan to enhance the cost structure of our operations.
       
Company Selected Measure Name Operating income        
Named Executive Officers, Footnote [Text Block]

(1) The dollar amounts reported are the total compensation reported in the Summary Compensation Table for our PEO. Our PEO for all five years covered by the Pay Versus Performance table was Stephen G. Oswald.
(3) The dollar amounts reported represent the average of the amounts reported for our NEOs as a group (excluding our CEO)(“Non-PEO NEOs”) in the “Total” column of the Summary Compensation Table in each applicable year. Non-PEO NEOs in 2024 included: Suman B. Mookerji, Jerry L. Redondo, Laureen S. Gonzalez and Rajiv A. Tata. Non-PEO NEOs in 2023 included: Suman B. Mookerji, Jerry L. Redondo, Laureen S. Gonzalez, Rajiv A. Tata and Christopher D. Wampler. Non-PEO NEOs in 2022 included: Jerry L. Redondo, Laureen S. Gonzalez, Rajiv A. Tata and Christopher D. Wampler. Non-PEO NEOs in 2021 included: Jerry L. Redondo, Rose F. Rogers, Rajiv A. Tata and Christopher D. Wampler. Non-PEO NEOs in 2020 included: Jerry L. Redondo, Rose F. Rogers, Rajiv A. Tata and Christopher D. Wampler.
       
Peer Group Issuers, Footnote
(8) The proxy talent peer group used to determine 2023 compensation for our PEO and Non-PEO NEOs included: AAR Corporation, AeroVironment, Inc., Astronics Corporation, Barnes Group, Inc., CIRCOR International, Inc., Heico Corporation, Hexcel Corporation, Kaman Corporation, Kratos Defense & Security Solutions, Inc., Mercury Systems, Inc., RBC Bearings, Inc. and Triumph Group, Inc.
       
PEO Total Compensation Amount [1] $ 9,723,566 $ 8,280,943 $ 6,715,767 $ 6,299,099 $ 4,977,506
PEO Actually Paid Compensation Amount [2],[3] $ 21,282,214 8,341,624 7,935,272 5,443,103 8,347,343
Adjustment To PEO Compensation, Footnote

 

Year  Reported Summary
Compensation Table
Total for PEO
   Reported Value
of Equity Awards(a)
   Equity
Award Adjustments(b)
   Compensation Actually Paid to
PEO(c)
 
2024        $9,723,566         $5,831,071         $17,389,719          $21,282,214 
2023  $8,280,943   $5,001,609   $5,062,290   $8,341,624 
2022  $6,715,767   $3,914,313   $5,133,818   $7,935,272 
2021  $6,299,099   $4,370,320   $3,514,324   $5,443,103 
2020  $4,977,506   $2,251,772   $5,621,609   $8,347,343 
(a) The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” and “Option Awards” columns in the Summary Compensation Table for the applicable year.
(b) The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; (iii) for awards that are granted and vest in the same applicable year, the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock or option awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments are as follows:
 
Year     Year End Fair
Value of Equity
Awards Granted
in the Year that
were Unvested at
Year End
      Year over Year
Change in
Fair Value of
Outstanding and
Unvested Equity
Awards
      Fair Value as
of Vesting
Date of Equity
Awards
Granted and
Vested in the
Year
      Change in Fair
Value from Prior
Fiscal Year
End until the
Vesting
Date for Equity
Awards Granted
in Prior Years
that Vested in
the Year
      Fair Value at the
End of the Prior
Year of Equity
Awards that Failed
to Meet Vesting
Conditions in the
Year
      Value of
Dividends or
other Earnings
Paid on Stock or
Option Awards
not Otherwise
Reflected in Fair
Value
      Total
Equity
Award
Adjustments
 
2024      $6,378,790       $1,279,087           $9,731,842             $17,389,719 
2023  $5,314,566   $(469,578)      $217,302           $5,062,290 
2022  $4,984,375   $176,717       $(27,274)          $5,133,818 
2021  $3,551,870   $(861,732)      $824,186           $3,514,324 
2020  $4,632,761   $996,722       $(7,874)          $5,621,609 
(c) In accordance with SEC rules, the amount in this column for each covered year has been calculated by subtracting the amount reported in the “Reported Value of Equity Awards” column for such covered year from the amount reported in the “Reported Summary Compensation Table Total for PEO” column for such covered year and then adding to such figure the amount reported in the “Equity Award Adjustments” column for such covered year.
       
Non-PEO NEO Average Total Compensation Amount [4] $ 2,093,328 1,433,179 1,211,916 1,150,893 1,021,275
Non-PEO NEO Average Compensation Actually Paid Amount [5],[6] $ 3,369,801 1,406,159 1,337,524 984,658 1,455,593
Adjustment to Non-PEO NEO Compensation Footnote

 

Year  Average
Reported Summary
Compensation Table Total for
Non-PEO NEOs
   Average
Reported
Value of Equity Awards
   Average Equity
Award Adjustments(a)
   Average Compensation
Actually Paid to Non-PEO
NEOs(b)
 
2024        $2,093,328         $799,412         $2,075,885          $3,369,801 
2023  $1,433,179   $507,089   $480,069   $1,406,159 
2022  $1,211,916   $490,566   $616,174   $1,337,524 
2021  $1,150,893   $534,595   $368,360   $984,658 
2020  $1,021,275   $328,671   $762,989   $1,455,593 
(a) The amounts deducted or added in calculating the total average equity award adjustments are as follows:

 

Year  Average
Year End Fair Value
of Equity Awards
Granted in the Year
that were Unvested
at Year End
   Year over Year
Average Change
in Fair Value of
Outstanding and
Unvested Equity
Awards
   Average Fair
Value as of
Vesting Date
of Equity
Awards
Granted and
Vested in the
Year
   Average Change in
Fair Value from Prior
Fiscal Year End until
the Vesting Date for
Equity
Awards Granted in
Prior Years that
Vested in the Year
   Average Fair
Value at the
End of the
Prior Year
of Equity
Awards that
Failed to
Meet Vesting
Conditions in
the Year
   Average
Value of
Dividends
or other
Earnings
Paid on
Stock or
Option
Awards not
Otherwise
Reflected in
Fair Value
   Total
Average
Equity
Award
Adjustments
 
2024      $893,192       $210,758           $971,935               $2,075,885 
2023  $539,098   $(43,358)      $(15,670)          $480,069 
2022  $603,136   $29,751       $(16,713)         $616,174 
2021  $408,433   $(94,674)      $54,601           $368,360 
2020  $696,886   $112,329       $(46,226)          $762,989 
(b) In accordance with SEC rules, the amount in this column for each covered year has been calculated by subtracting the amount reported in the “Average Reported Value of Equity Awards” column for such covered year from the amount reported in the “Average Reported Summary Compensation Table Total for Non-PEO NEOs” column for such covered year and then adding to such figure the amount reported in the “Average Equity Award Adjustments” column for such covered year.
       
Compensation Actually Paid vs. Total Shareholder Return

The graphs below illustrate our TSR compared to our proxy talent peer group’s TSR over the period 2020 to 2024:

 

DCO TSR vs. Talent Peer Group TSR(1)   Compensation Actually Paid vs. DCO TSR(2)(3)
     
 
       
Compensation Actually Paid vs. Net Income

The graph below illustrates the relationship between our net income, operating income and compensation actually paid to our PEO and non-PEO NEOs:

 

Net Income vs. Operating Income vs. Comp Actually Paid(4)

 

 

(4) “Compensation Actually Paid” versus Net Income and Operating Income rounded to the nearest $100,000.
* 2021 Net Income excludes $110M attributable to Ducommun’s completion of a sale-leaseback transaction involving its Gardena, CA performance center.

 

As illustrated in the above graph, on a year-over-year basis our net income more than doubled and our operating income increased by over 80% due to a higher percentage of revenues from engineered products, strategic pricing initiatives, footprint consolidation and lower interest expense. The compensation actually paid to our PEO and non-PEO NEOs increased in a manner reflective of the year-over-year increase in market capitalization of approximately $180M and our all-time high revenues in 2024, and which was consistent with our pay for performance compensation philosophy.

       
Compensation Actually Paid vs. Company Selected Measure

The graph below illustrates the relationship between our net income, operating income and compensation actually paid to our PEO and non-PEO NEOs:

 

Net Income vs. Operating Income vs. Comp Actually Paid(4)

 

 

(4) “Compensation Actually Paid” versus Net Income and Operating Income rounded to the nearest $100,000.
* 2021 Net Income excludes $110M attributable to Ducommun’s completion of a sale-leaseback transaction involving its Gardena, CA performance center.

 

As illustrated in the above graph, on a year-over-year basis our net income more than doubled and our operating income increased by over 80% due to a higher percentage of revenues from engineered products, strategic pricing initiatives, footprint consolidation and lower interest expense. The compensation actually paid to our PEO and non-PEO NEOs increased in a manner reflective of the year-over-year increase in market capitalization of approximately $180M and our all-time high revenues in 2024, and which was consistent with our pay for performance compensation philosophy.

       
Total Shareholder Return Vs Peer Group

 

The graphs below illustrate our TSR compared to our proxy talent peer group’s TSR over the period 2020 to 2024:

 

DCO TSR vs. Talent Peer Group TSR(1)   Compensation Actually Paid vs. DCO TSR(2)(3)
     
 

       
Tabular List, Table

The following tabular list identifies, in alphabetical order, the financial measures we have determined to be the most important to link compensation actually paid to both our PEO and NEOs for the most recently completed fiscal year:

 

Cash Flow from Operations Net Revenue
Diluted Earnings per Share Operating Income
Net Income  
       
Total Shareholder Return Amount [7] $ 126 103 99 93 106
Peer Group Total Shareholder Return Amount [9] 112 [8] 102 [10] 67 [11] 87 [12] 98 [13]
Net Income (Loss) Attributable to Parent [14] $ 31,500,000 $ 15,900,000 $ 28,800,000 $ 25,500,000 $ 29,200,000
Company Selected Measure Amount [15] 52,200,000 28,900,000 39,800,000 48,800,000 45,500,000
PEO Name Stephen G. Oswald Stephen G. Oswald Stephen G. Oswald Stephen G. Oswald Stephen G. Oswald
Additional 402(v) Disclosure The Pay Versus Performance Table, associated narratives and other tables which follow, describe how compensation actually paid to our Named Executive Officers aligns to our financial performance for the years ended December 31, 2024, 2023, 2022, 2021 and 2020, as required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation S-K.        
Measure [Axis]: 1          
Pay vs Performance Disclosure [Table]          
Measure Name Cash Flow from Operations        
Non-GAAP Measure Description
(13) Operating income decreased between 2022 and 2023 due to $11.9 million in restructure expenses related to the repositioning of production at three of our performance centers in conjunction with our 2022 restructure plan to enhance the cost structure of our operations.
       
Measure [Axis]: 2          
Pay vs Performance Disclosure [Table]          
Measure Name Diluted Earnings per Share        
Measure [Axis]: 3          
Pay vs Performance Disclosure [Table]          
Measure Name Net Income        
Measure [Axis]: 4          
Pay vs Performance Disclosure [Table]          
Measure Name Net Revenue        
Measure [Axis]: 5          
Pay vs Performance Disclosure [Table]          
Measure Name Operating Income        
Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table [Member] | PEO [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount [16] $ 5,831,071 $ 5,001,609 $ 3,914,313 $ 4,370,320 $ 2,251,772
Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table [Member] | Non-PEO NEO [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount 799,412 507,089 490,566 534,595 328,671
Equity Awards Adjustments, Excluding Value Reported in the Compensation Table [Member] | PEO [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount [17] 17,389,719 5,062,290 5,133,818 3,514,324 5,621,609
Equity Awards Adjustments, Excluding Value Reported in the Compensation Table [Member] | Non-PEO NEO [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount [18] 2,075,885 480,069 616,174 368,360 762,989
Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested [Member] | PEO [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount 6,378,790 5,314,566 4,984,375 3,551,870 4,632,761
Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested [Member] | Non-PEO NEO [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount 893,192 539,098 603,136 408,433 696,886
Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested [Member] | PEO [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount 1,279,087 (469,578) 176,717 (861,732) 996,722
Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested [Member] | Non-PEO NEO [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount 210,758 (43,358) 29,751 (94,674) 112,329
Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year [Member] | PEO [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount
Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year [Member] | Non-PEO NEO [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount
Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year [Member] | PEO [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount 9,731,842 217,302 (27,274) 824,186 (7,874)
Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year [Member] | Non-PEO NEO [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount 971,935 (15,670) (16,713) 54,601 (46,226)
Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year [Member] | PEO [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount
Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year [Member] | Non-PEO NEO [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount
Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year [Member] | PEO [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount
Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year [Member] | Non-PEO NEO [Member]          
Pay vs Performance Disclosure [Table]          
Adjustment to Compensation Amount
[1] The dollar amounts reported are the total compensation reported in the Summary Compensation Table for our PEO. Our PEO for all five years covered by the Pay Versus Performance table was Stephen G. Oswald.
[2] In accordance with SEC rules, the amount in this column for each covered year has been calculated by subtracting the amount reported in the “Reported Value of Equity Awards” column for such covered year from the amount reported in the “Reported Summary Compensation Table Total for PEO” column for such covered year and then adding to such figure the amount reported in the “Equity Award Adjustments” column for such covered year.
[3] The dollar amounts reported represent the amount of “compensation actually paid” to Mr. Oswald, as computed in accordance with SEC rules. The dollar amounts do not reflect the actual amount of compensation earned by or paid during the applicable year. As our PEO does not participate in any defined benefit plans, no adjustments were required to amounts reported in the Summary Compensation Table related to the value of benefits under such plans. In accordance with SEC rules, the following adjustments were made to total compensation to determine the compensation actually paid:
[4] The dollar amounts reported represent the average of the amounts reported for our NEOs as a group (excluding our CEO)(“Non-PEO NEOs”) in the “Total” column of the Summary Compensation Table in each applicable year. Non-PEO NEOs in 2024 included: Suman B. Mookerji, Jerry L. Redondo, Laureen S. Gonzalez and Rajiv A. Tata. Non-PEO NEOs in 2023 included: Suman B. Mookerji, Jerry L. Redondo, Laureen S. Gonzalez, Rajiv A. Tata and Christopher D. Wampler. Non-PEO NEOs in 2022 included: Jerry L. Redondo, Laureen S. Gonzalez, Rajiv A. Tata and Christopher D. Wampler. Non-PEO NEOs in 2021 included: Jerry L. Redondo, Rose F. Rogers, Rajiv A. Tata and Christopher D. Wampler. Non-PEO NEOs in 2020 included: Jerry L. Redondo, Rose F. Rogers, Rajiv A. Tata and Christopher D. Wampler.
[5] In accordance with SEC rules, the amount in this column for each covered year has been calculated by subtracting the amount reported in the “Average Reported Value of Equity Awards” column for such covered year from the amount reported in the “Average Reported Summary Compensation Table Total for Non-PEO NEOs” column for such covered year and then adding to such figure the amount reported in the “Average Equity Award Adjustments” column for such covered year.
[6] The dollar amounts reported represent the average amount of “compensation actually paid” to the Non-PEO NEOs as a group, as computed in accordance with SEC rules. The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the Non-PEO NEOs as a group during the applicable year. As our Non-PEO NEOs do not participate in any defined benefit plans, no adjustments were required to amounts reported in the Summary Compensation Table totals related to the value of benefits under such plans. In accordance with the SEC rules, the following adjustments were made to average total compensation for the Non-PEO NEOs as a group for each year to determine the compensation actually paid, using the same methodology described above in Note 2:
[7] Cumulative TSR is calculated by dividing the sum of the cumulative amount of dividends for the measurement period, assuming dividend reinvestment, and the difference between the Company’s share price at the end and the beginning of the measurement period by the Company’s share price at the beginning of the measurement period.
[8] Please see the “Benchmarking and Proxy Talent Peer Groups” section of the Compensation Discussion and Analysis section for a list of the proxy talent peer group used to determine 2024 compensation, which was the same group used to determine 2023 compensation.
[9] Represents the weighted peer group TSR, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated.
[10] The proxy talent peer group used to determine 2023 compensation for our PEO and Non-PEO NEOs included: AAR Corporation, AeroVironment, Inc., Astronics Corporation, Barnes Group, Inc., CIRCOR International, Inc., Heico Corporation, Hexcel Corporation, Kaman Corporation, Kratos Defense & Security Solutions, Inc., Mercury Systems, Inc., RBC Bearings, Inc. and Triumph Group, Inc.
[11] The proxy talent peer group used to determine 2022 compensation for our PEO and non-PEO NEOs included: AAR Corporation, Astronics Corporation, Barnes Group, Inc., CIRCOR International, Cubic Corporation, HEICO Corporation, Hexcel Corporation, Kaman Corporation, Kratos Defense & Security Solutions, Inc., Mercury Systems, Inc., RBC Bearings, Inc.
[12] The proxy talent peer group used to determine 2021 compensation for our PEO and non-PEO NEOs included: AAR Corp., Aerojet Rocketdyne Holdings, Inc., Astronics Corporation, Barnes Group Inc., CIRCOR International, Inc., Cubic Corporation, Heico Corporation, Kaman Corporation, Kratos Defense & Security Solutions, Inc., Mercury Systems, Inc. and RBC Bearings Incorporated.
[13] The proxy talent peer group used to determine 2020 compensation for our PEO and non-PEO NEOs included: AAR Corp., Aerojet Rocketdyne Holdings, Inc., Astronics Corporation, Barnes Group, Inc., CIRCOR International, Inc., Cubic Corporation, Heico Corporation, Kaman Corporation, Kratos Defense & Security Solutions, Inc., Mercury Systems, Inc. and RBC Bearings Incorporated.
[14] 2021 Net Income excludes $110M attributable to Ducommun’s completion of a sale-leaseback transaction involving its Gardena, CA performance center.
[15] Operating income decreased between 2022 and 2023 due to $11.9 million in restructure expenses related to the repositioning of production at three of our performance centers in conjunction with our 2022 restructure plan to enhance the cost structure of our operations.
[16] The grant date fair value of equity awards represents the total of the amounts reported in the “Stock Awards” and “Option Awards” columns in the Summary Compensation Table for the applicable year.
[17] The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; (iii) for awards that are granted and vest in the same applicable year, the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock or option awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments are as follows:
[18] The amounts deducted or added in calculating the total average equity award adjustments are as follows: