10-Q Filing

ASTRONICS CORP CIK: 8063 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0000008063-17-000042`
Period End Date	20170930
Filing Date	20171109
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	atro-20171004.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`	$18.56M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.38M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.90M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.28M	USD	Point-in-time
Accounts Receivable, Net of Allowance for Doubtful Accounts	`AccountsReceivableNetCurrent`	$114.98M	USD	Point-in-time
Accounts Receivable, Net of Allowance for Doubtful Accounts	`AccountsReceivableNetCurrent`	$109.42M	USD	Point-in-time
Inventories	`InventoryNet`	$116.60M	USD	Point-in-time
Inventories	`InventoryNet`	$139.26M	USD	Point-in-time
Prepaid Expenses and Other Current Assets	`PrepaidExpenseAndOtherAssetsCurrent`	$11.16M	USD	Point-in-time
Prepaid Expenses and Other Current Assets	`PrepaidExpenseAndOtherAssetsCurrent`	$16.04M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$285.67M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$255.07M	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`	$124.28M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$13.15M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$16.50M	USD	Point-in-time
Intangible Assets, Net of Accumulated Amortization	`IntangibleAssetsNetExcludingGoodwill`	$95.06M	USD	Point-in-time
Intangible Assets, Net of Accumulated Amortization	`IntangibleAssetsNetExcludingGoodwill`	$98.10M	USD	Point-in-time
Goodwill	`Goodwill`	$115.21M	USD	Point-in-time
Goodwill	`Goodwill`	$119.12M	USD	Point-in-time
Total Assets	`Assets`	$604.34M	USD	Point-in-time
Total Assets	`Assets`	$640.63M	USD	Point-in-time
Current Maturities of Long-term Debt	`LongTermDebtCurrent`	$2.69M	USD	Point-in-time
Current Maturities of Long-term Debt	`LongTermDebtCurrent`	$2.64M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$25.07M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$35.88M	USD	Point-in-time
Accrued Expenses and Other Current Liabilities	`OtherLiabilitiesCurrent`	$32.53M	USD	Point-in-time
Accrued Expenses and Other Current Liabilities	`OtherLiabilitiesCurrent`	$35.69M	USD	Point-in-time
Customer Advance Payments and Deferred Revenue	`DeferredRevenueAndCreditsCurrent`	$21.99M	USD	Point-in-time
Customer Advance Payments and Deferred Revenue	`DeferredRevenueAndCreditsCurrent`	$23.17M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$93.09M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$86.56M	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	$145.48M	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	$174.65M	USD	Point-in-time
Other Liabilities	`OtherLiabilitiesNoncurrent`	$35.55M	USD	Point-in-time
Other Liabilities	`OtherLiabilitiesNoncurrent`	$34.85M	USD	Point-in-time
Total Liabilities	`Liabilities`	$303.30M	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`	$-11.12M	USD	Point-in-time
Other Shareholders Equity	`OtherShareholdersEquity`	$352.65M	USD	Point-in-time
Other Shareholders Equity	`OtherShareholdersEquity`	$348.15M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$337.45M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$337.33M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$604.34M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$640.63M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueGoodsNet`	$479.06M	USD	3 Qtrs
Sales	`SalesRevenueGoodsNet`	$453.15M	USD	3 Qtrs
Sales	`SalesRevenueGoodsNet`	$149.64M	USD	1 Quarter
Sales	`SalesRevenueGoodsNet`	$155.10M	USD	1 Quarter
Cost of Products Sold	`CostOfGoodsSold`	$117.14M	USD	1 Quarter
Cost of Products Sold	`CostOfGoodsSold`	$116.44M	USD	1 Quarter
Cost of Products Sold	`CostOfGoodsSold`	$348.19M	USD	3 Qtrs
Cost of Products Sold	`CostOfGoodsSold`	$356.07M	USD	3 Qtrs
Gross Profit	`GrossProfit`	$38.66M	USD	1 Quarter
Gross Profit	`GrossProfit`	$122.98M	USD	3 Qtrs
Gross Profit	`GrossProfit`	$32.49M	USD	1 Quarter
Gross Profit	`GrossProfit`	$104.96M	USD	3 Qtrs
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$22.41M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$65.25M	USD	3 Qtrs
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$21.14M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$66.50M	USD	3 Qtrs
Income from Operations	`OperatingIncomeLoss`	$10.08M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$17.52M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$38.46M	USD	3 Qtrs
Income from Operations	`OperatingIncomeLoss`	$57.73M	USD	3 Qtrs
Interest Expense, Net of Interest Income	`InterestIncomeExpenseNet`	$-3.75M	USD	3 Qtrs
Interest Expense, Net of Interest Income	`InterestIncomeExpenseNet`	$-3.25M	USD	3 Qtrs
Interest Expense, Net of Interest Income	`InterestIncomeExpenseNet`	$-1.44M	USD	1 Quarter
Interest Expense, Net of Interest Income	`InterestIncomeExpenseNet`	$-1.10M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$16.42M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$34.71M	USD	3 Qtrs
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$8.65M	USD	1 Quarter
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`	$4.35M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$2.59M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$9.37M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$12.07M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$6.06M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$38.54M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$25.33M	USD	3 Qtrs
Basic (in usd per share)	`EarningsPerShareBasic`	$1.32	USD	3 Qtrs
Basic (in usd per share)	`EarningsPerShareBasic`	$0.21	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$0.88	USD	3 Qtrs
Basic (in usd per share)	`EarningsPerShareBasic`	$0.42	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`	$0.21	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.85	USD	3 Qtrs

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$12.07M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$6.06M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$38.54M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$25.33M	USD	3 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$19.46M	USD	3 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$19.27M	USD	3 Qtrs
Provisions for Non-Cash Losses on Inventory and Receivables	`ProvisionForNonCashLossesOnInventoryAndReceivables`	$943.00K	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`	$2.20M	USD	3 Qtrs
Deferred Tax Benefit	`DeferredIncomeTaxExpenseBenefit`	$-920.00K	USD	3 Qtrs
Deferred Tax Benefit	`DeferredIncomeTaxExpenseBenefit`	$-3.53M	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$657.00K	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$-401.00K	USD	3 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$1.51M	USD	3 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$23.71M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$18.48M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$5.11M	USD	3 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$211.00K	USD	3 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$8.27M	USD	3 Qtrs
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$-5.48M	USD	3 Qtrs
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$-786.00K	USD	3 Qtrs
Other Current Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$460.00K	USD	3 Qtrs
Other Current Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$4.56M	USD	3 Qtrs
Customer Advanced Payments and Deferred Revenue	`IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits`	$-2.34M	USD	3 Qtrs
Customer Advanced Payments and Deferred Revenue	`IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits`	$-11.28M	USD	3 Qtrs
Income Taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-883.00K	USD	3 Qtrs
Income Taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$6.86M	USD	3 Qtrs
Supplemental Retirement and Other Liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$1.13M	USD	3 Qtrs
Supplemental Retirement and Other Liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$1.13M	USD	3 Qtrs
Cash Provided By Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$25.15M	USD	3 Qtrs
Cash Provided By Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$22.31M	USD	3 Qtrs
Acquisition of Business, Net of Cash Acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	3 Qtrs
Acquisition of Business, Net of Cash Acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$10.20M	USD	3 Qtrs
Capital Expenditures	`PaymentsToAcquireProductiveAssets`	$9.71M	USD	3 Qtrs
Capital Expenditures	`PaymentsToAcquireProductiveAssets`	$9.87M	USD	3 Qtrs
Other Investing Activities	`PaymentsForProceedsFromOtherInvestingActivities`	$1.58M	USD	3 Qtrs
Other Investing Activities	`PaymentsForProceedsFromOtherInvestingActivities`	$2.07M	USD	3 Qtrs
Cash Used For Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.45M	USD	3 Qtrs
Cash Used For Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-21.98M	USD	3 Qtrs
Proceeds from Long-term Debt	`ProceedsFromIssuanceOfLongTermDebt`	$20.00M	USD	3 Qtrs
Proceeds from Long-term Debt	`ProceedsFromIssuanceOfLongTermDebt`	$42.00M	USD	3 Qtrs
Payments for Long-term Debt	`RepaymentsOfLongTermDebt`	$13.03M	USD	3 Qtrs
Payments for Long-term Debt	`RepaymentsOfLongTermDebt`	$25.91M	USD	3 Qtrs
Purchase of Outstanding Shares for Treasury	`PaymentsForRepurchaseOfCommonStock`	$32.38M	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`	$349.00K	USD	3 Qtrs
Proceeds from Exercise of Stock Options	`ProceedsFromStockOptionsExercised`	$3.90M	USD	3 Qtrs
Income Tax Benefit from Exercise of Stock Options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$529.00K	USD	3 Qtrs
Income Tax Benefit from Exercise of Stock Options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	USD	3 Qtrs
Cash Used For Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.06M	USD	3 Qtrs
Cash Used For Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-19.09M	USD	3 Qtrs
Effect of Exchange Rates on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$109.00K	USD	3 Qtrs
Effect of Exchange Rates on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$211.00K	USD	3 Qtrs
Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.52M	USD	3 Qtrs
Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.28M	USD	3 Qtrs
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$18.56M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$15.38M	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`	$13.28M	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`	$15.38M	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`	$13.28M	USD	Point-in-time

Comprehensive Income 20 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$12.07M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$6.06M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$38.54M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$25.33M	USD	3 Qtrs
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$49.00K	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$3.99M	USD	3 Qtrs
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$1.50M	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$1.35M	USD	3 Qtrs
Retirement Liability Adjustment Net of Tax	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-130.00K	USD	1 Quarter
Retirement Liability Adjustment Net of Tax	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-392.00K	USD	3 Qtrs
Retirement Liability Adjustment Net of Tax	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-392.00K	USD	3 Qtrs
Retirement Liability Adjustment Net of Tax	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-130.00K	USD	1 Quarter
Other Comprehensive Income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.75M	USD	3 Qtrs
Other Comprehensive Income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$179.00K	USD	1 Quarter
Other Comprehensive Income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.63M	USD	1 Quarter
Other Comprehensive Income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$4.38M	USD	3 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$40.28M	USD	3 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$29.71M	USD	3 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$7.69M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$12.25M	USD	1 Quarter

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