10-Q Filing

ASTRONICS CORP CIK: 8063 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0000008063-18-000020`
Period End Date	20180630
Filing Date	20180808
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	atro-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 48 Cash Flow Statement 64 Comprehensive Income 20

Balance Sheet 48 line items

Line Item	Tag	Value	Unit	Period
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.61M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.91M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.27M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.90M	USD	Point-in-time
Accounts Receivable, Net of Allowance for Doubtful Accounts	`AccountsReceivableNetCurrent`	$169.50M	USD	Point-in-time
Accounts Receivable, Net of Allowance for Doubtful Accounts	`AccountsReceivableNetCurrent`	$132.63M	USD	Point-in-time
Inventories	`InventoryNet`	$150.20M	USD	Point-in-time
Inventories	`InventoryNet`	$159.48M	USD	Point-in-time
Prepaid Expenses and Other Current Assets	`PrepaidExpenseAndOtherAssetsCurrent`	$13.91M	USD	Point-in-time
Prepaid Expenses and Other Current Assets	`PrepaidExpenseAndOtherAssetsCurrent`	$14.59M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$353.50M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$315.33M	USD	Point-in-time
Property, Plant and Equipment, Net of Accumulated Depreciation	`PropertyPlantAndEquipmentNet`	$124.70M	USD	Point-in-time
Property, Plant and Equipment, Net of Accumulated Depreciation	`PropertyPlantAndEquipmentNet`	$125.83M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$15.66M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$18.45M	USD	Point-in-time
Intangible Assets, Net of Accumulated Amortization	`IntangibleAssetsNetExcludingGoodwill`	$153.49M	USD	Point-in-time
Intangible Assets, Net of Accumulated Amortization	`IntangibleAssetsNetExcludingGoodwill`	$142.54M	USD	Point-in-time
Goodwill	`Goodwill`	$125.64M	USD	Point-in-time
Goodwill	`Goodwill`	$125.24M	USD	Point-in-time
Total Assets	`Assets`	$764.42M	USD	Point-in-time
Total Assets	`Assets`	$735.96M	USD	Point-in-time
Current Maturities of Long-term Debt	`LongTermDebtCurrent`	$2.69M	USD	Point-in-time
Current Maturities of Long-term Debt	`LongTermDebtCurrent`	$2.19M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$49.58M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$41.85M	USD	Point-in-time
Accrued Expenses and Other Current Liabilities	`OtherLiabilitiesCurrent`	$38.59M	USD	Point-in-time
Accrued Expenses and Other Current Liabilities	`OtherLiabilitiesCurrent`	$38.75M	USD	Point-in-time
Customer Advance Payments and Deferred Revenue	`ContractWithCustomerLiability`	$19.61M	USD	Point-in-time
Customer Advance Payments and Deferred Revenue	`ContractWithCustomerLiability`	$25.43M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$102.89M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$115.79M	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	$269.08M	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	$263.15M	USD	Point-in-time
Other Liabilities	`OtherLiabilitiesNoncurrent`	$34.06M	USD	Point-in-time
Other Liabilities	`OtherLiabilitiesNoncurrent`	$34.19M	USD	Point-in-time
Total Liabilities	`Liabilities`	$406.03M	USD	Point-in-time
Total Liabilities	`Liabilities`	$413.13M	USD	Point-in-time
Common Stock	`CommonStockValue`	$298.00K	USD	Point-in-time
Common Stock	`CommonStockValue`	$297.00K	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-15.87M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-13.35M	USD	Point-in-time
Other Shareholders Equity	`OtherShareholdersEquity`	$342.98M	USD	Point-in-time
Other Shareholders Equity	`OtherShareholdersEquity`	$366.86M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$329.93M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$351.29M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$735.96M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$764.42M	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$151.11M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$303.51M	USD	2 Qtrs
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$208.61M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$387.67M	USD	2 Qtrs
Cost of Products Sold	`CostOfGoodsSold`	$300.96M	USD	2 Qtrs
Cost of Products Sold	`CostOfGoodsSold`	$231.04M	USD	2 Qtrs
Cost of Products Sold	`CostOfGoodsSold`	$159.03M	USD	1 Quarter
Cost of Products Sold	`CostOfGoodsSold`	$116.96M	USD	1 Quarter
Gross Profit	`GrossProfit`	$86.70M	USD	2 Qtrs
Gross Profit	`GrossProfit`	$72.47M	USD	2 Qtrs
Gross Profit	`GrossProfit`	$34.15M	USD	1 Quarter
Gross Profit	`GrossProfit`	$49.57M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$29.44M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$22.09M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$43.47M	USD	2 Qtrs
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$59.94M	USD	2 Qtrs
Income from Operations	`OperatingIncomeLoss`	$28.99M	USD	2 Qtrs
Income from Operations	`OperatingIncomeLoss`	$12.06M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$26.76M	USD	2 Qtrs
Income from Operations	`OperatingIncomeLoss`	$20.13M	USD	1 Quarter
Other Expense, Net of Other Income	`OtherOperatingIncomeExpenseNet`	$-838.00K	USD	2 Qtrs
Other Expense, Net of Other Income	`OtherOperatingIncomeExpenseNet`	$-310.00K	USD	1 Quarter
Other Expense, Net of Other Income	`OtherOperatingIncomeExpenseNet`	$-463.00K	USD	1 Quarter
Other Expense, Net of Other Income	`OtherOperatingIncomeExpenseNet`	$-620.00K	USD	2 Qtrs
Interest Expense, Net of Interest Income	`InterestIncomeExpenseNet`	$-2.31M	USD	2 Qtrs
Interest Expense, Net of Interest Income	`InterestIncomeExpenseNet`	$-4.82M	USD	2 Qtrs
Interest Expense, Net of Interest Income	`InterestIncomeExpenseNet`	$-1.18M	USD	1 Quarter
Interest Expense, Net of Interest Income	`InterestIncomeExpenseNet`	$-2.48M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$26.06M	USD	2 Qtrs
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$17.18M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$21.11M	USD	2 Qtrs
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$10.57M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$3.79M	USD	2 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$6.79M	USD	2 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$2.88M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$3.16M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$19.27M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$7.68M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$17.32M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$14.03M	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$0.27	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$0.50	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$0.66	USD	2 Qtrs
Basic (in usd per share)	`EarningsPerShareBasic`	$0.62	USD	2 Qtrs
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.49	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.60	USD	2 Qtrs
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.64	USD	2 Qtrs
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.26	USD	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$19.27M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$7.68M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$17.32M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$14.03M	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$12.59M	USD	2 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$18.58M	USD	2 Qtrs
Provisions for Non-Cash Losses on Inventory and Receivables	`ProvisionForNonCashLossesOnInventoryAndReceivables`	$1.82M	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`	$1.64M	USD	2 Qtrs
Deferred Tax Benefit	`DeferredIncomeTaxExpenseBenefit`	$-536.00K	USD	2 Qtrs
Deferred Tax Benefit	`DeferredIncomeTaxExpenseBenefit`	$-516.00K	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$431.00K	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$804.00K	USD	2 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$33.35M	USD	2 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$7.08M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$10.45M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$19.76M	USD	2 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$3.35M	USD	2 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$7.98M	USD	2 Qtrs
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$53.00K	USD	2 Qtrs
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$-7.11M	USD	2 Qtrs
Other Current Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$404.00K	USD	2 Qtrs
Other Current Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$2.67M	USD	2 Qtrs
Customer Advanced Payments and Deferred Revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-4.14M	USD	2 Qtrs
Customer Advanced Payments and Deferred Revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$14.47M	USD	2 Qtrs
Income Taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.03M	USD	2 Qtrs
Income Taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-189.00K	USD	2 Qtrs
Supplemental Retirement and Other Liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$896.00K	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`	$8.11M	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`	$5.75M	USD	2 Qtrs
Capital Expenditures	`PaymentsToAcquireProductiveAssets`	$8.49M	USD	2 Qtrs
Other Investing Activities	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	2 Qtrs
Other Investing Activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-186.00K	USD	2 Qtrs
Cash Used For Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.79M	USD	2 Qtrs
Cash Used For Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.49M	USD	2 Qtrs
Proceeds from Long-term Debt	`ProceedsFromIssuanceOfLongTermDebt`	$22.00M	USD	2 Qtrs
Proceeds from Long-term Debt	`ProceedsFromIssuanceOfLongTermDebt`	$30.02M	USD	2 Qtrs
Payments for Long-term Debt	`RepaymentsOfLongTermDebt`	$7.34M	USD	2 Qtrs
Payments for Long-term Debt	`RepaymentsOfLongTermDebt`	$36.42M	USD	2 Qtrs
Purchase of Outstanding Shares for Treasury	`PaymentsForRepurchaseOfCommonStock`	$13.52M	USD	2 Qtrs
Purchase of Outstanding Shares for Treasury	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Debt Acquisition Costs	`PaymentsOfDebtIssuanceCosts`	-	USD	2 Qtrs
Debt Acquisition Costs	`PaymentsOfDebtIssuanceCosts`	$516.00K	USD	2 Qtrs
Proceeds from Exercise of Stock Options	`ProceedsFromStockOptionsExercised`	$281.00K	USD	2 Qtrs
Proceeds from Exercise of Stock Options	`ProceedsFromStockOptionsExercised`	$317.00K	USD	2 Qtrs
Cash (Used For) Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-6.64M	USD	2 Qtrs
Cash (Used For) Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$1.45M	USD	2 Qtrs
Effect of Exchange Rates on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$176.00K	USD	2 Qtrs
Effect of Exchange Rates on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-285.00K	USD	2 Qtrs
Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.31M	USD	2 Qtrs
Decrease in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-9.63M	USD	2 Qtrs
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$10.61M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$17.91M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$8.27M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$17.90M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$10.61M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$17.91M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$8.27M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$17.90M	USD	Point-in-time

Comprehensive Income 20 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$19.27M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$7.68M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$17.32M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$14.03M	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$2.49M	USD	2 Qtrs
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-1.57M	USD	2 Qtrs
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$2.10M	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-1.80M	USD	1 Quarter
Retirement Liability Adjustment Net of Tax	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-215.00K	USD	1 Quarter
Retirement Liability Adjustment Net of Tax	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-262.00K	USD	2 Qtrs
Retirement Liability Adjustment Net of Tax	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-131.00K	USD	1 Quarter
Retirement Liability Adjustment Net of Tax	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-430.00K	USD	2 Qtrs
Total Other Comprehensive (Loss) Income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.59M	USD	1 Quarter
Total Other Comprehensive (Loss) Income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-1.14M	USD	2 Qtrs
Total Other Comprehensive (Loss) Income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$2.23M	USD	1 Quarter
Total Other Comprehensive (Loss) Income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$2.75M	USD	2 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$12.44M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$9.91M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$22.02M	USD	2 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$16.18M	USD	2 Qtrs

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