10-Q Filing

ASTRONICS CORP CIK: 8063 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0000008063-16-000024`
Period End Date	20160930
Filing Date	20161108
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	atro-20161001.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`	$13.28M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$22.43M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.56M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$21.20M	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`	$118.89M	USD	Point-in-time
Inventories	`InventoryNet`	$120.69M	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`	$13.10M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$265.96M	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`	$123.75M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$10.89M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$13.04M	USD	Point-in-time
Intangible Assets, Net of Accumulated Amortization	`IntangibleAssetsNetExcludingGoodwill`	$101.04M	USD	Point-in-time
Intangible Assets, Net of Accumulated Amortization	`IntangibleAssetsNetExcludingGoodwill`	$108.28M	USD	Point-in-time
Goodwill	`Goodwill`	$115.64M	USD	Point-in-time
Goodwill	`Goodwill`	$115.37M	USD	Point-in-time
Total Assets	`Assets`	$609.24M	USD	Point-in-time
Total Assets	`Assets`	$619.43M	USD	Point-in-time
Current Maturities of Long-term Debt	`LongTermDebtCurrent`	$2.69M	USD	Point-in-time
Current Maturities of Long-term Debt	`LongTermDebtCurrent`	$2.58M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$27.49M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$27.14M	USD	Point-in-time
Accrued Expenses and Other Current Liabilities	`OtherLiabilitiesCurrent`	$35.24M	USD	Point-in-time
Accrued Expenses and Other Current Liabilities	`OtherLiabilitiesCurrent`	$35.76M	USD	Point-in-time
Customer Advance Payments and Deferred Revenue	`DeferredRevenueAndCreditsCurrent`	$38.76M	USD	Point-in-time
Customer Advance Payments and Deferred Revenue	`DeferredRevenueAndCreditsCurrent`	$27.80M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$93.22M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$104.23M	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	$161.31M	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	$167.21M	USD	Point-in-time
Other Liabilities	`OtherLiabilitiesNoncurrent`	$37.58M	USD	Point-in-time
Other Liabilities	`OtherLiabilitiesNoncurrent`	$35.53M	USD	Point-in-time
Total Liabilities	`Liabilities`	$290.06M	USD	Point-in-time
Total Liabilities	`Liabilities`	$309.02M	USD	Point-in-time
Common Stock	`CommonStockValue`	$296.00K	USD	Point-in-time
Common Stock	`CommonStockValue`	$294.00K	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-13.32M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-15.06M	USD	Point-in-time
Other Shareholders Equity	`OtherShareholdersEquity`	$342.39M	USD	Point-in-time
Other Shareholders Equity	`OtherShareholdersEquity`	$315.00M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$300.23M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$329.37M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$609.24M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$619.43M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueGoodsNet`	$479.06M	USD	3 Qtrs
Sales	`SalesRevenueGoodsNet`	$155.10M	USD	1 Quarter
Sales	`SalesRevenueGoodsNet`	$534.94M	USD	3 Qtrs
Sales	`SalesRevenueGoodsNet`	$200.15M	USD	1 Quarter
Cost of Products Sold	`CostOfGoodsSold`	$356.07M	USD	3 Qtrs
Cost of Products Sold	`CostOfGoodsSold`	$385.90M	USD	3 Qtrs
Cost of Products Sold	`CostOfGoodsSold`	$140.72M	USD	1 Quarter
Cost of Products Sold	`CostOfGoodsSold`	$116.44M	USD	1 Quarter
Gross Profit	`GrossProfit`	$122.98M	USD	3 Qtrs
Gross Profit	`GrossProfit`	$38.66M	USD	1 Quarter
Gross Profit	`GrossProfit`	$59.43M	USD	1 Quarter
Gross Profit	`GrossProfit`	$149.04M	USD	3 Qtrs
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$66.21M	USD	3 Qtrs
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$21.14M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$65.25M	USD	3 Qtrs
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$22.30M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$57.73M	USD	3 Qtrs
Income from Operations	`OperatingIncomeLoss`	$37.13M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$17.52M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$82.83M	USD	3 Qtrs
Interest Expense, Net of Interest Income	`InterestIncomeExpenseNet`	$-1.24M	USD	1 Quarter
Interest Expense, Net of Interest Income	`InterestIncomeExpenseNet`	$-1.10M	USD	1 Quarter
Interest Expense, Net of Interest Income	`InterestIncomeExpenseNet`	$-3.60M	USD	3 Qtrs
Interest Expense, Net of Interest Income	`InterestIncomeExpenseNet`	$-3.25M	USD	3 Qtrs
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$16.42M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$35.89M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$79.23M	USD	3 Qtrs
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$54.49M	USD	3 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$15.95M	USD	3 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$11.19M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$26.16M	USD	3 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$4.35M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$38.54M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$53.07M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$24.69M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$12.07M	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$1.32	USD	3 Qtrs
Basic (in usd per share)	`EarningsPerShareBasic`	$0.84	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$1.82	USD	3 Qtrs
Basic (in usd per share)	`EarningsPerShareBasic`	$0.42	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.82	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$1.28	USD	3 Qtrs
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.41	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$1.76	USD	3 Qtrs

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$38.54M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$53.07M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$24.69M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$12.07M	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$18.83M	USD	3 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$19.46M	USD	3 Qtrs
Provisions for Non-Cash Losses on Inventory and Receivables	`ProvisionForNonCashLossesOnInventoryAndReceivables`	$1.51M	USD	3 Qtrs
Provisions for Non-Cash Losses on Inventory and Receivables	`ProvisionForNonCashLossesOnInventoryAndReceivables`	$1.55M	USD	3 Qtrs
Stock Compensation Expense	`ShareBasedCompensation`	$1.88M	USD	3 Qtrs
Stock Compensation Expense	`ShareBasedCompensation`	$1.74M	USD	3 Qtrs
Deferred Tax Benefit	`DeferredIncomeTaxExpenseBenefit`	$-3.53M	USD	3 Qtrs
Deferred Tax Benefit	`DeferredIncomeTaxExpenseBenefit`	$-243.00K	USD	3 Qtrs
Non-cash Earnout Liability Adjustment	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	-	USD	3 Qtrs
Non-cash Earnout Liability Adjustment	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-1.58M	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$-21.00K	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$-401.00K	USD	3 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$23.71M	USD	3 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$29.80M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$5.11M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$4.80M	USD	3 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$211.00K	USD	3 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-1.66M	USD	3 Qtrs
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$-786.00K	USD	3 Qtrs
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$5.66M	USD	3 Qtrs
Other Current Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$460.00K	USD	3 Qtrs
Other Current Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$498.00K	USD	3 Qtrs
Customer Advanced Payments and Deferred Revenue	`IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits`	$-11.28M	USD	3 Qtrs
Customer Advanced Payments and Deferred Revenue	`IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits`	$-5.40M	USD	3 Qtrs
Income Taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$6.86M	USD	3 Qtrs
Income Taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$5.07M	USD	3 Qtrs
Supplemental Retirement and Other Liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$1.24M	USD	3 Qtrs
Supplemental Retirement and Other Liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$1.13M	USD	3 Qtrs
Cash Provided By Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$25.15M	USD	3 Qtrs
Cash Provided By Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$43.17M	USD	3 Qtrs
Acquisition of Business, Net of Cash Acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	3 Qtrs
Acquisition of Business, Net of Cash Acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$52.61M	USD	3 Qtrs
Capital Expenditures	`PaymentsToAcquireProductiveAssets`	$15.86M	USD	3 Qtrs
Capital Expenditures	`PaymentsToAcquireProductiveAssets`	$9.87M	USD	3 Qtrs
Other Investing Activities	`PaymentsForProceedsFromOtherInvestingActivities`	$1.58M	USD	3 Qtrs
Other Investing Activities	`PaymentsForProceedsFromOtherInvestingActivities`	$2.68M	USD	3 Qtrs
Cash Used For Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-71.14M	USD	3 Qtrs
Cash Used For Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-11.45M	USD	3 Qtrs
Proceeds from Long-term Debt	`ProceedsFromIssuanceOfLongTermDebt`	$20.00M	USD	3 Qtrs
Proceeds from Long-term Debt	`ProceedsFromIssuanceOfLongTermDebt`	$55.00M	USD	3 Qtrs
Payments for Long-term Debt	`RepaymentsOfLongTermDebt`	$29.01M	USD	3 Qtrs
Payments for Long-term Debt	`RepaymentsOfLongTermDebt`	$25.91M	USD	3 Qtrs
Purchase of Outstanding Shares for Treasury	`PaymentsForRepurchaseOfCommonStock`	-	USD	3 Qtrs
Purchase of Outstanding Shares for Treasury	`PaymentsForRepurchaseOfCommonStock`	$17.45M	USD	3 Qtrs
Debt Acquisition Costs	`PaymentsOfDebtIssuanceCosts`	$164.00K	USD	3 Qtrs
Debt Acquisition Costs	`PaymentsOfDebtIssuanceCosts`	-	USD	3 Qtrs
Proceeds from Exercise of Stock Options	`ProceedsFromStockOptionsExercised`	$3.90M	USD	3 Qtrs
Proceeds from Exercise of Stock Options	`ProceedsFromStockOptionsExercised`	$3.31M	USD	3 Qtrs
Acquisition Earnout Payments	`PaymentsForPreviousAcquisition`	-	USD	3 Qtrs
Acquisition Earnout Payments	`PaymentsForPreviousAcquisition`	$2.00K	USD	3 Qtrs
Income Tax Benefit from Exercise of Stock Options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$619.00K	USD	3 Qtrs
Income Tax Benefit from Exercise of Stock Options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$529.00K	USD	3 Qtrs
Cash (Used For) Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-19.09M	USD	3 Qtrs
Cash (Used For) Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$29.92M	USD	3 Qtrs
Effect of Exchange Rates on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-715.00K	USD	3 Qtrs
Effect of Exchange Rates on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$109.00K	USD	3 Qtrs
(Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.28M	USD	3 Qtrs
(Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.24M	USD	3 Qtrs
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$13.28M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$22.43M	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`	$21.20M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$13.28M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$22.43M	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`	$21.20M	USD	Point-in-time

Comprehensive Income 20 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$38.54M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$53.07M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$24.69M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$12.07M	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-196.00K	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.35M	USD	3 Qtrs
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.41M	USD	3 Qtrs
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$49.00K	USD	1 Quarter
Retirement Liability Adjustment Net of Tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-161.00K	USD	1 Quarter
Retirement Liability Adjustment Net of Tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-392.00K	USD	3 Qtrs
Retirement Liability Adjustment Net of Tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-130.00K	USD	1 Quarter
Retirement Liability Adjustment Net of Tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-484.00K	USD	3 Qtrs
Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-2.93M	USD	3 Qtrs
Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$179.00K	USD	1 Quarter
Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$1.75M	USD	3 Qtrs
Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-35.00K	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$12.25M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$40.28M	USD	3 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$24.66M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$50.14M	USD	3 Qtrs

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