10-Q Filing

ASTRONICS CORP CIK: 8063 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0000008063-17-000031`
Period End Date	20170630
Filing Date	20170816
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	atro-20170701.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 44 Cash Flow Statement 66 Comprehensive Income 20

Balance Sheet 48 line items

Line Item	Tag	Value	Unit	Period
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`	$17.90M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.27M	USD	Point-in-time
Accounts Receivable, Net of Allowance for Doubtful Accounts	`AccountsReceivableNetCurrent`	$109.42M	USD	Point-in-time
Accounts Receivable, Net of Allowance for Doubtful Accounts	`AccountsReceivableNetCurrent`	$120.38M	USD	Point-in-time
Inventories	`InventoryNet`	$116.60M	USD	Point-in-time
Inventories	`InventoryNet`	$134.42M	USD	Point-in-time
Prepaid Expenses and Other Current Assets	`PrepaidExpenseAndOtherAssetsCurrent`	$14.44M	USD	Point-in-time
Prepaid Expenses and Other Current Assets	`PrepaidExpenseAndOtherAssetsCurrent`	$11.16M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$255.07M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$277.51M	USD	Point-in-time
Property, Plant and Equipment, Net of Accumulated Depreciation	`PropertyPlantAndEquipmentNet`	$122.81M	USD	Point-in-time
Property, Plant and Equipment, Net of Accumulated Depreciation	`PropertyPlantAndEquipmentNet`	$122.65M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$15.74M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$13.15M	USD	Point-in-time
Intangible Assets, Net of Accumulated Amortization	`IntangibleAssetsNetExcludingGoodwill`	$98.10M	USD	Point-in-time
Intangible Assets, Net of Accumulated Amortization	`IntangibleAssetsNetExcludingGoodwill`	$94.36M	USD	Point-in-time
Goodwill	`Goodwill`	$117.56M	USD	Point-in-time
Goodwill	`Goodwill`	$115.21M	USD	Point-in-time
Total Assets	`Assets`	$627.83M	USD	Point-in-time
Total Assets	`Assets`	$604.34M	USD	Point-in-time
Current Maturities of Long-term Debt	`LongTermDebtCurrent`	$2.65M	USD	Point-in-time
Current Maturities of Long-term Debt	`LongTermDebtCurrent`	$2.64M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$25.07M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$30.84M	USD	Point-in-time
Accrued Expenses and Other Current Liabilities	`OtherLiabilitiesCurrent`	$30.50M	USD	Point-in-time
Accrued Expenses and Other Current Liabilities	`OtherLiabilitiesCurrent`	$35.69M	USD	Point-in-time
Customer Advance Payments and Deferred Revenue	`DeferredRevenueAndCreditsCurrent`	$20.09M	USD	Point-in-time
Customer Advance Payments and Deferred Revenue	`DeferredRevenueAndCreditsCurrent`	$23.17M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$86.56M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$84.09M	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	$160.31M	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	$145.48M	USD	Point-in-time
Other Liabilities	`OtherLiabilitiesNoncurrent`	$34.85M	USD	Point-in-time
Other Liabilities	`OtherLiabilitiesNoncurrent`	$35.70M	USD	Point-in-time
Total Liabilities	`Liabilities`	$280.11M	USD	Point-in-time
Total Liabilities	`Liabilities`	$266.89M	USD	Point-in-time
Common Stock	`CommonStockValue`	$297.00K	USD	Point-in-time
Common Stock	`CommonStockValue`	$297.00K	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-15.49M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-12.74M	USD	Point-in-time
Other Shareholders Equity	`OtherShareholdersEquity`	$360.17M	USD	Point-in-time
Other Shareholders Equity	`OtherShareholdersEquity`	$352.65M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$337.45M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$347.72M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$627.83M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$604.34M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueGoodsNet`	$164.43M	USD	1 Quarter
Sales	`SalesRevenueGoodsNet`	$151.11M	USD	1 Quarter
Sales	`SalesRevenueGoodsNet`	$303.51M	USD	2 Qtrs
Sales	`SalesRevenueGoodsNet`	$323.96M	USD	2 Qtrs
Cost of Products Sold	`CostOfGoodsSold`	$239.64M	USD	2 Qtrs
Cost of Products Sold	`CostOfGoodsSold`	$231.04M	USD	2 Qtrs
Cost of Products Sold	`CostOfGoodsSold`	$119.59M	USD	1 Quarter
Cost of Products Sold	`CostOfGoodsSold`	$116.96M	USD	1 Quarter
Gross Profit	`GrossProfit`	$84.32M	USD	2 Qtrs
Gross Profit	`GrossProfit`	$44.84M	USD	1 Quarter
Gross Profit	`GrossProfit`	$72.47M	USD	2 Qtrs
Gross Profit	`GrossProfit`	$34.15M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$44.09M	USD	2 Qtrs
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$22.40M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$22.22M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$44.11M	USD	2 Qtrs
Income from Operations	`OperatingIncomeLoss`	$11.75M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$40.21M	USD	2 Qtrs
Income from Operations	`OperatingIncomeLoss`	$28.37M	USD	2 Qtrs
Income from Operations	`OperatingIncomeLoss`	$22.61M	USD	1 Quarter
Interest Expense, Net of Interest Income	`InterestIncomeExpenseNet`	$-1.18M	USD	1 Quarter
Interest Expense, Net of Interest Income	`InterestIncomeExpenseNet`	$-2.31M	USD	2 Qtrs
Interest Expense, Net of Interest Income	`InterestIncomeExpenseNet`	$-1.06M	USD	1 Quarter
Interest Expense, Net of Interest Income	`InterestIncomeExpenseNet`	$-2.14M	USD	2 Qtrs
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$21.55M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$38.07M	USD	2 Qtrs
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$10.57M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$26.06M	USD	2 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$2.88M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$6.79M	USD	2 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$11.60M	USD	2 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$6.58M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$14.98M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$7.68M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$26.46M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$19.27M	USD	2 Qtrs
Basic (in usd per share)	`EarningsPerShareBasic`	$0.27	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$0.66	USD	2 Qtrs
Basic (in usd per share)	`EarningsPerShareBasic`	$0.51	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$0.90	USD	2 Qtrs
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.50	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.26	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.64	USD	2 Qtrs
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.87	USD	2 Qtrs

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$14.98M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$7.68M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$26.46M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$19.27M	USD	2 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$13.15M	USD	2 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$12.59M	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`	$918.00K	USD	2 Qtrs
Stock Compensation Expense	`ShareBasedCompensation`	$1.46M	USD	2 Qtrs
Stock Compensation Expense	`ShareBasedCompensation`	$1.26M	USD	2 Qtrs
Deferred Tax Benefit	`DeferredIncomeTaxExpenseBenefit`	$-980.00K	USD	2 Qtrs
Deferred Tax Benefit	`DeferredIncomeTaxExpenseBenefit`	$-536.00K	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-320.00K	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$804.00K	USD	2 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$10.86M	USD	2 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$7.08M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$4.14M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$10.45M	USD	2 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-10.00K	USD	2 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$3.35M	USD	2 Qtrs
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$-3.64M	USD	2 Qtrs
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$-7.11M	USD	2 Qtrs
Other Current Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-32.00K	USD	2 Qtrs
Other Current Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$2.67M	USD	2 Qtrs
Customer Advanced Payments and Deferred Revenue	`IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits`	$-9.99M	USD	2 Qtrs
Customer Advanced Payments and Deferred Revenue	`IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits`	$-4.14M	USD	2 Qtrs
Income Taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$10.11M	USD	2 Qtrs
Income Taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.03M	USD	2 Qtrs
Supplemental Retirement and Other Liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$695.00K	USD	2 Qtrs
Supplemental Retirement and Other Liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$758.00K	USD	2 Qtrs
Cash Provided By Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$4.53M	USD	2 Qtrs
Cash Provided By Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$23.32M	USD	2 Qtrs
Acquisition of Business, Net of Cash Acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$10.22M	USD	2 Qtrs
Acquisition of Business, Net of Cash Acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	2 Qtrs
Capital Expenditures	`PaymentsToAcquireProductiveAssets`	$6.18M	USD	2 Qtrs
Capital Expenditures	`PaymentsToAcquireProductiveAssets`	$5.75M	USD	2 Qtrs
Other Investing Activities	`PaymentsForProceedsFromOtherInvestingActivities`	$850.00K	USD	2 Qtrs
Other Investing Activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-186.00K	USD	2 Qtrs
Cash Used For Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.03M	USD	2 Qtrs
Cash Used For Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.79M	USD	2 Qtrs
Proceeds from Long-term Debt	`ProceedsFromIssuanceOfLongTermDebt`	$15.00M	USD	2 Qtrs
Proceeds from Long-term Debt	`ProceedsFromIssuanceOfLongTermDebt`	$22.00M	USD	2 Qtrs
Payments for Long-term Debt	`RepaymentsOfLongTermDebt`	$7.34M	USD	2 Qtrs
Payments for Long-term Debt	`RepaymentsOfLongTermDebt`	$18.28M	USD	2 Qtrs
Purchase of Outstanding Shares for Treasury	`PaymentsForRepurchaseOfCommonStock`	$13.52M	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`	$317.00K	USD	2 Qtrs
Proceeds from Exercise of Stock Options	`ProceedsFromStockOptionsExercised`	$557.00K	USD	2 Qtrs
Income Tax Benefit from Exercise of Stock Options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	USD	2 Qtrs
Income Tax Benefit from Exercise of Stock Options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$529.00K	USD	2 Qtrs
Cash Provided By (Used For) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$1.45M	USD	2 Qtrs
Cash Provided By (Used For) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-14.51M	USD	2 Qtrs
Effect of Exchange Rates on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$176.00K	USD	2 Qtrs
Effect of Exchange Rates on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$68.00K	USD	2 Qtrs
(Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-9.63M	USD	2 Qtrs
(Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.85M	USD	2 Qtrs
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`	$17.90M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$8.27M	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`	$17.90M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$8.27M	USD	Point-in-time

Comprehensive Income 20 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$14.98M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$7.68M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$26.46M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$19.27M	USD	2 Qtrs
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$2.49M	USD	2 Qtrs
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-511.00K	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$1.30M	USD	2 Qtrs
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$2.10M	USD	1 Quarter
Retirement Liability Adjustment Net of Tax	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-262.00K	USD	2 Qtrs
Retirement Liability Adjustment Net of Tax	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-261.00K	USD	2 Qtrs
Retirement Liability Adjustment Net of Tax	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-131.00K	USD	1 Quarter
Retirement Liability Adjustment Net of Tax	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-130.00K	USD	1 Quarter
Other Comprehensive Income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-381.00K	USD	1 Quarter
Other Comprehensive Income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$2.75M	USD	2 Qtrs
Other Comprehensive Income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.57M	USD	2 Qtrs
Other Comprehensive Income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$2.23M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$28.03M	USD	2 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$14.60M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$22.02M	USD	2 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$9.91M	USD	1 Quarter

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