10-Q Filing

ASTRONICS CORP CIK: 8063 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0000008063-16-000014`
Period End Date	20160630
Filing Date	20160804
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	atro-20160702.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 44 Cash Flow Statement 70 Comprehensive Income 20

Balance Sheet 48 line items

Line Item	Tag	Value	Unit	Period
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$21.20M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.41M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.56M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.77M	USD	Point-in-time
Accounts Receivable, Net of Allowance for Doubtful Accounts	`AccountsReceivableNetCurrent`	$95.28M	USD	Point-in-time
Accounts Receivable, Net of Allowance for Doubtful Accounts	`AccountsReceivableNetCurrent`	$106.32M	USD	Point-in-time
Inventories	`InventoryNet`	$119.33M	USD	Point-in-time
Inventories	`InventoryNet`	$115.47M	USD	Point-in-time
Prepaid Expenses and Other Current Assets	`PrepaidExpenseAndOtherAssetsCurrent`	$20.66M	USD	Point-in-time
Prepaid Expenses and Other Current Assets	`PrepaidExpenseAndOtherAssetsCurrent`	$11.31M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$257.36M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$249.97M	USD	Point-in-time
Property, Plant and Equipment, Net of Accumulated Depreciation	`PropertyPlantAndEquipmentNet`	$124.74M	USD	Point-in-time
Property, Plant and Equipment, Net of Accumulated Depreciation	`PropertyPlantAndEquipmentNet`	$123.71M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$11.97M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$10.89M	USD	Point-in-time
Intangible Assets, Net of Accumulated Amortization	`IntangibleAssetsNetExcludingGoodwill`	$103.60M	USD	Point-in-time
Intangible Assets, Net of Accumulated Amortization	`IntangibleAssetsNetExcludingGoodwill`	$108.28M	USD	Point-in-time
Goodwill	`Goodwill`	$115.37M	USD	Point-in-time
Goodwill	`Goodwill`	$115.61M	USD	Point-in-time
Total Assets	`Assets`	$609.24M	USD	Point-in-time
Total Assets	`Assets`	$612.25M	USD	Point-in-time
Current Maturities of Long-term Debt	`LongTermDebtCurrent`	$2.58M	USD	Point-in-time
Current Maturities of Long-term Debt	`LongTermDebtCurrent`	$2.69M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$27.14M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$27.24M	USD	Point-in-time
Accrued Expenses and Other Current Liabilities	`OtherLiabilitiesCurrent`	$35.76M	USD	Point-in-time
Accrued Expenses and Other Current Liabilities	`OtherLiabilitiesCurrent`	$33.59M	USD	Point-in-time
Customer Advance Payments and Deferred Revenue	`DeferredRevenueAndCreditsCurrent`	$28.73M	USD	Point-in-time
Customer Advance Payments and Deferred Revenue	`DeferredRevenueAndCreditsCurrent`	$38.76M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$92.25M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$104.23M	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	$167.21M	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	$163.90M	USD	Point-in-time
Other Liabilities	`OtherLiabilitiesNoncurrent`	$37.58M	USD	Point-in-time
Other Liabilities	`OtherLiabilitiesNoncurrent`	$37.66M	USD	Point-in-time
Total Liabilities	`Liabilities`	$293.81M	USD	Point-in-time
Total Liabilities	`Liabilities`	$309.02M	USD	Point-in-time
Common Stock	`CommonStockValue`	$256.00K	USD	Point-in-time
Common Stock	`CommonStockValue`	$257.00K	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-13.50M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-15.06M	USD	Point-in-time
Other Shareholders Equity	`OtherShareholdersEquity`	$331.69M	USD	Point-in-time
Other Shareholders Equity	`OtherShareholdersEquity`	$315.03M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$300.23M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$318.44M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$609.24M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$612.25M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueGoodsNet`	$173.16M	USD	1 Quarter
Sales	`SalesRevenueGoodsNet`	$164.43M	USD	1 Quarter
Sales	`SalesRevenueGoodsNet`	$334.79M	USD	2 Qtrs
Sales	`SalesRevenueGoodsNet`	$323.96M	USD	2 Qtrs
Cost of Products Sold	`CostOfGoodsSold`	$245.18M	USD	2 Qtrs
Cost of Products Sold	`CostOfGoodsSold`	$239.64M	USD	2 Qtrs
Cost of Products Sold	`CostOfGoodsSold`	$119.59M	USD	1 Quarter
Cost of Products Sold	`CostOfGoodsSold`	$123.70M	USD	1 Quarter
Gross Profit	`GrossProfit`	$89.61M	USD	2 Qtrs
Gross Profit	`GrossProfit`	$49.45M	USD	1 Quarter
Gross Profit	`GrossProfit`	$84.32M	USD	2 Qtrs
Gross Profit	`GrossProfit`	$44.84M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$22.22M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$43.92M	USD	2 Qtrs
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$44.11M	USD	2 Qtrs
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$21.30M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$22.61M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$45.70M	USD	2 Qtrs
Income from Operations	`OperatingIncomeLoss`	$28.16M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$40.21M	USD	2 Qtrs
Interest Expense, Net of Interest Income	`InterestIncomeExpenseNet`	$-2.36M	USD	2 Qtrs
Interest Expense, Net of Interest Income	`InterestIncomeExpenseNet`	$-1.06M	USD	1 Quarter
Interest Expense, Net of Interest Income	`InterestIncomeExpenseNet`	$-1.11M	USD	1 Quarter
Interest Expense, Net of Interest Income	`InterestIncomeExpenseNet`	$-2.14M	USD	2 Qtrs
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$21.55M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$38.07M	USD	2 Qtrs
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$27.04M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$43.34M	USD	2 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$6.58M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$14.97M	USD	2 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$9.35M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$11.60M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$17.69M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$26.46M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$28.37M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$14.98M	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$0.59	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$1.12	USD	2 Qtrs
Basic (in usd per share)	`EarningsPerShareBasic`	$1.04	USD	2 Qtrs
Basic (in usd per share)	`EarningsPerShareBasic`	$0.70	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$1.08	USD	2 Qtrs
Diluted (in usd per share)	`EarningsPerShareDiluted`	$1.00	USD	2 Qtrs
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.57	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.67	USD	1 Quarter

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$17.69M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$26.46M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$28.37M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$14.98M	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$12.54M	USD	2 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$13.15M	USD	2 Qtrs
Provisions for Non-Cash Losses on Inventory and Receivables	`ProvisionForNonCashLossesOnInventoryAndReceivables`	$928.00K	USD	2 Qtrs
Provisions for Non-Cash Losses on Inventory and Receivables	`ProvisionForNonCashLossesOnInventoryAndReceivables`	$957.00K	USD	2 Qtrs
Stock Compensation Expense	`ShareBasedCompensation`	$1.26M	USD	2 Qtrs
Stock Compensation Expense	`ShareBasedCompensation`	$1.14M	USD	2 Qtrs
Deferred Tax Benefit	`DeferredIncomeTaxExpenseBenefit`	$-576.00K	USD	2 Qtrs
Deferred Tax Benefit	`DeferredIncomeTaxExpenseBenefit`	$-980.00K	USD	2 Qtrs
Non-cash Earnout Liability Adjustment	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-1.27M	USD	2 Qtrs
Non-cash Earnout Liability Adjustment	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	-	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-158.00K	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-320.00K	USD	2 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$3.80M	USD	2 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$10.86M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$16.79M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$4.14M	USD	2 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-10.00K	USD	2 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$9.19M	USD	2 Qtrs
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$-3.64M	USD	2 Qtrs
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$-857.00K	USD	2 Qtrs
Other Current Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$352.00K	USD	2 Qtrs
Other Current Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-32.00K	USD	2 Qtrs
Customer Advanced Payments and Deferred Revenue	`IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits`	$-9.99M	USD	2 Qtrs
Customer Advanced Payments and Deferred Revenue	`IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits`	$-13.29M	USD	2 Qtrs
Income Taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$4.61M	USD	2 Qtrs
Income Taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$10.11M	USD	2 Qtrs
Supplemental Retirement and Other Liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$695.00K	USD	2 Qtrs
Supplemental Retirement and Other Liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$820.00K	USD	2 Qtrs
Cash Provided By Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$23.32M	USD	2 Qtrs
Cash Provided By Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$20.88M	USD	2 Qtrs
Acquisition of Business, Net of Cash Acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	2 Qtrs
Acquisition of Business, Net of Cash Acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$52.62M	USD	2 Qtrs
Capital Expenditures	`PaymentsToAcquireProductiveAssets`	$6.18M	USD	2 Qtrs
Capital Expenditures	`PaymentsToAcquireProductiveAssets`	$12.28M	USD	2 Qtrs
Other Investing Activities	`PaymentsForProceedsFromOtherInvestingActivities`	$2.68M	USD	2 Qtrs
Other Investing Activities	`PaymentsForProceedsFromOtherInvestingActivities`	$850.00K	USD	2 Qtrs
Cash Used For Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-67.57M	USD	2 Qtrs
Cash Used For Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-7.03M	USD	2 Qtrs
Proceeds from Long-term Debt	`ProceedsFromIssuanceOfLongTermDebt`	$55.00M	USD	2 Qtrs
Proceeds from Long-term Debt	`ProceedsFromIssuanceOfLongTermDebt`	$15.00M	USD	2 Qtrs
Payments for Long-term Debt	`RepaymentsOfLongTermDebt`	$6.33M	USD	2 Qtrs
Payments for Long-term Debt	`RepaymentsOfLongTermDebt`	$18.28M	USD	2 Qtrs
Purchase of Outstanding Shares for Treasury	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Purchase of Outstanding Shares for Treasury	`PaymentsForRepurchaseOfCommonStock`	$12.15M	USD	2 Qtrs
Debt Acquisition Costs	`PaymentsOfDebtIssuanceCosts`	$164.00K	USD	2 Qtrs
Debt Acquisition Costs	`PaymentsOfDebtIssuanceCosts`	-	USD	2 Qtrs
Proceeds from Exercise of Stock Options	`ProceedsFromStockOptionsExercised`	$557.00K	USD	2 Qtrs
Proceeds from Exercise of Stock Options	`ProceedsFromStockOptionsExercised`	$638.00K	USD	2 Qtrs
Acquisition Earnout Payments	`PaymentsForPreviousAcquisition`	-	USD	2 Qtrs
Acquisition Earnout Payments	`PaymentsForPreviousAcquisition`	$2.00K	USD	2 Qtrs
Income Tax Benefit from Exercise of Stock Options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$708.00K	USD	2 Qtrs
Income Tax Benefit from Exercise of Stock Options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$529.00K	USD	2 Qtrs
Cash (Used For) Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-14.51M	USD	2 Qtrs
Cash (Used For) Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$50.01M	USD	2 Qtrs
Effect of Exchange Rates on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$68.00K	USD	2 Qtrs
Effect of Exchange Rates on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-748.00K	USD	2 Qtrs
Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.57M	USD	2 Qtrs
Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.85M	USD	2 Qtrs
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$21.20M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$20.41M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$18.56M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$23.77M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$21.20M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$20.41M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$18.56M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$23.77M	USD	Point-in-time

Comprehensive Income 20 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$17.69M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$26.46M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$28.37M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$14.98M	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-511.00K	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.30M	USD	2 Qtrs
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$432.00K	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.21M	USD	2 Qtrs
Retirement Liability Adjustment Net of Tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-130.00K	USD	1 Quarter
Retirement Liability Adjustment Net of Tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-162.00K	USD	1 Quarter
Retirement Liability Adjustment Net of Tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-261.00K	USD	2 Qtrs
Retirement Liability Adjustment Net of Tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-323.00K	USD	2 Qtrs
Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-381.00K	USD	1 Quarter
Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$1.57M	USD	2 Qtrs
Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$594.00K	USD	1 Quarter
Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-2.89M	USD	2 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$25.48M	USD	2 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$18.28M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$28.03M	USD	2 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$14.60M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.