10-Q Filing

ASTRONICS CORP CIK: 8063 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0000008063-20-000026`
Period End Date	20200331
Filing Date	20200507
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	atro-20200328_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 57 Income Statement 28 Cash Flow Statement 68 Stockholders Equity 10 Comprehensive Income 10

Balance Sheet 57 line items

Line Item	Tag	Value	Unit	Period
Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$188.36M	USD	Point-in-time
Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$15.97M	USD	Point-in-time
Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$31.91M	USD	Point-in-time
Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.62M	USD	Point-in-time
Accounts Receivable, Net of Allowance for Doubtful Accounts	`AccountsReceivableNetCurrent`	$133.73M	USD	Point-in-time
Accounts Receivable, Net of Allowance for Doubtful Accounts	`AccountsReceivableNetCurrent`	$148.00M	USD	Point-in-time
Inventories	`InventoryNet`	$151.80M	USD	Point-in-time
Inventories	`InventoryNet`	$145.79M	USD	Point-in-time
Prepaid Expenses and Other Current Assets	`PrepaidExpenseAndOtherAssetsCurrent`	$15.85M	USD	Point-in-time
Prepaid Expenses and Other Current Assets	`PrepaidExpenseAndOtherAssetsCurrent`	$20.66M	USD	Point-in-time
Assets Held for Sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperation`	-	USD	Point-in-time
Assets Held for Sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperation`	$1.54M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$494.55M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$343.08M	USD	Point-in-time
Property, Plant and Equipment, Net of Accumulated Depreciation	`PropertyPlantAndEquipmentNet`	$111.52M	USD	Point-in-time
Property, Plant and Equipment, Net of Accumulated Depreciation	`PropertyPlantAndEquipmentNet`	$112.50M	USD	Point-in-time
Operating Right-of-Use Assets	`OperatingLeaseRightOfUseAsset`	$22.02M	USD	Point-in-time
Operating Right-of-Use Assets	`OperatingLeaseRightOfUseAsset`	$23.60M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$27.93M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$31.27M	USD	Point-in-time
Intangible Assets, Net of Accumulated Amortization	`IntangibleAssetsNetExcludingGoodwill`	$123.01M	USD	Point-in-time
Intangible Assets, Net of Accumulated Amortization	`IntangibleAssetsNetExcludingGoodwill`	$127.29M	USD	Point-in-time
Goodwill	`Goodwill`	$144.97M	USD	Point-in-time
Goodwill	`Goodwill`	$71.00M	USD	Point-in-time
Total Assets	`Assets`	$850.03M	USD	Point-in-time
Total Assets	`Assets`	$782.72M	USD	Point-in-time
Current Maturities of Long-term Debt	`LongTermDebtCurrent`	$223.00K	USD	Point-in-time
Current Maturities of Long-term Debt	`LongTermDebtCurrent`	$224.00K	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$42.08M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$35.84M	USD	Point-in-time
Current Operating Lease Liabilities	`OperatingLeaseLiabilityCurrent`	$4.52M	USD	Point-in-time
Current Operating Lease Liabilities	`OperatingLeaseLiabilityCurrent`	$4.69M	USD	Point-in-time
Accrued Expenses and Other Current Liabilities	`OtherLiabilitiesCurrent`	$48.70M	USD	Point-in-time
Accrued Expenses and Other Current Liabilities	`OtherLiabilitiesCurrent`	$42.38M	USD	Point-in-time
Customer Advance Payments and Deferred Revenue	`ContractWithCustomerLiabilityCurrent`	$30.83M	USD	Point-in-time
Customer Advance Payments and Deferred Revenue	`ContractWithCustomerLiabilityCurrent`	$31.36M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$120.20M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$120.64M	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	$188.00M	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	$333.00M	USD	Point-in-time
Long-term Operating Lease Liabilities	`OperatingLeaseLiabilityNoncurrent`	$19.99M	USD	Point-in-time
Long-term Operating Lease Liabilities	`OperatingLeaseLiabilityNoncurrent`	$21.04M	USD	Point-in-time
Other Liabilities	`OtherLiabilitiesNoncurrent`	$64.18M	USD	Point-in-time
Other Liabilities	`OtherLiabilitiesNoncurrent`	$63.02M	USD	Point-in-time
Total Liabilities	`Liabilities`	$536.22M	USD	Point-in-time
Total Liabilities	`Liabilities`	$393.86M	USD	Point-in-time
Common Stock	`CommonStockValue`	$346.00K	USD	Point-in-time
Common Stock	`CommonStockValue`	$345.00K	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-17.72M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-15.63M	USD	Point-in-time
Other Shareholders Equity	`OtherShareholdersEquity`	$404.14M	USD	Point-in-time
Other Shareholders Equity	`OtherShareholdersEquity`	$331.18M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$466.00M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$313.81M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$388.86M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$850.03M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$782.72M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$157.58M	USD	1 Quarter
Sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$208.17M	USD	1 Quarter
Cost of Products Sold	`CostOfGoodsAndServicesSold`	$156.10M	USD	1 Quarter
Cost of Products Sold	`CostOfGoodsAndServicesSold`	$121.86M	USD	1 Quarter
Gross Profit	`GrossProfit`	$35.72M	USD	1 Quarter
Gross Profit	`GrossProfit`	$52.08M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$28.87M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$29.20M	USD	1 Quarter
Impairment Loss	`AssetImpairmentCharges`	$74.41M	USD	1 Quarter
Impairment Loss	`AssetImpairmentCharges`	-	USD	1 Quarter
(Loss) Income from Operations	`OperatingIncomeLoss`	$-67.56M	USD	1 Quarter
(Loss) Income from Operations	`OperatingIncomeLoss`	$22.88M	USD	1 Quarter
Gain on Sale of Business	`GainLossOnSaleOfBusiness`	$80.13M	USD	1 Quarter
Gain on Sale of Business	`GainLossOnSaleOfBusiness`	-	USD	1 Quarter
Other Expense, Net of Other Income	`OtherOperatingIncomeExpenseNet`	$-388.00K	USD	1 Quarter
Other Expense, Net of Other Income	`OtherOperatingIncomeExpenseNet`	$-215.00K	USD	1 Quarter
Interest Expense, Net of Interest Income	`InterestIncomeExpenseNet`	$-1.80M	USD	1 Quarter
Interest Expense, Net of Interest Income	`InterestIncomeExpenseNet`	$-1.33M	USD	1 Quarter
(Loss) Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-69.28M	USD	1 Quarter
(Loss) Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$101.00M	USD	1 Quarter
(Benefit from) Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$22.85M	USD	1 Quarter
(Benefit from) Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$-2.31M	USD	1 Quarter
Net (Loss) Income	`NetIncomeLoss`	$-66.96M	USD	1 Quarter
Net (Loss) Income	`NetIncomeLoss`	$78.15M	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$-2.17	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$2.40	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$2.35	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$-2.17	USD	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net (Loss) Income	`NetIncomeLoss`	$-66.96M	USD	1 Quarter
Net (Loss) Income	`NetIncomeLoss`	$78.15M	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$7.97M	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$8.08M	USD	1 Quarter
Provisions for Non-Cash Losses on Inventory and Receivables	`ProvisionForNonCashLossesOnInventoryAndReceivables`	$2.50M	USD	1 Quarter
Provisions for Non-Cash Losses on Inventory and Receivables	`ProvisionForNonCashLossesOnInventoryAndReceivables`	$872.00K	USD	1 Quarter
Equity-based Compensation Expense	`ShareBasedCompensation`	$1.70M	USD	1 Quarter
Equity-based Compensation Expense	`ShareBasedCompensation`	$1.19M	USD	1 Quarter
Deferred Tax Expense (Benefit)	`DeferredIncomeTaxExpenseBenefit`	$-3.40M	USD	1 Quarter
Deferred Tax Expense (Benefit)	`DeferredIncomeTaxExpenseBenefit`	$2.05M	USD	1 Quarter
Operating Lease Amortization Expense	`OperatingLeaseAmortization`	$1.21M	USD	1 Quarter
Operating Lease Amortization Expense	`OperatingLeaseAmortization`	$988.00K	USD	1 Quarter
Gain on Sale of Business, Before Taxes	`GainLossOnSaleOfBusiness`	$80.13M	USD	1 Quarter
Gain on Sale of Business, Before Taxes	`GainLossOnSaleOfBusiness`	-	USD	1 Quarter
Impairment Loss	`AssetImpairmentCharges`	$74.41M	USD	1 Quarter
Impairment Loss	`AssetImpairmentCharges`	-	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$736.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-968.00K	USD	1 Quarter
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$6.41M	USD	1 Quarter
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-13.64M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$5.94M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$7.22M	USD	1 Quarter
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$6.29M	USD	1 Quarter
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-2.03M	USD	1 Quarter
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$-9.28M	USD	1 Quarter
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$-5.73M	USD	1 Quarter
Other Current Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$2.86M	USD	1 Quarter
Other Current Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$557.00K	USD	1 Quarter
Customer Advanced Payments and Deferred Revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-490.00K	USD	1 Quarter
Customer Advanced Payments and Deferred Revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$4.05M	USD	1 Quarter
Income Taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$26.82M	USD	1 Quarter
Income Taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-3.59M	USD	1 Quarter
Operating Lease Liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-1.00M	USD	1 Quarter
Operating Lease Liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-1.22M	USD	1 Quarter
Supplemental Retirement and Other Liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-99.00K	USD	1 Quarter
Supplemental Retirement and Other Liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$1.38M	USD	1 Quarter
Cash Flows from Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$11.35M	USD	1 Quarter
Cash Flows from Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$23.25M	USD	1 Quarter
Proceeds on Sale of Business	`ProceedsFromDivestitureOfBusinesses`	$103.79M	USD	1 Quarter
Proceeds on Sale of Business	`ProceedsFromDivestitureOfBusinesses`	-	USD	1 Quarter
Capital Expenditures	`PaymentsToAcquireProductiveAssets`	$3.47M	USD	1 Quarter
Capital Expenditures	`PaymentsToAcquireProductiveAssets`	$2.79M	USD	1 Quarter
Cash Flows from Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$100.32M	USD	1 Quarter
Cash Flows from Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.79M	USD	1 Quarter
Proceeds from Long-term Debt	`ProceedsFromIssuanceOfLongTermDebt`	$150.00M	USD	1 Quarter
Proceeds from Long-term Debt	`ProceedsFromIssuanceOfLongTermDebt`	$10.00M	USD	1 Quarter
Payments for Long-term Debt	`RepaymentsOfLongTermDebt`	$5.00M	USD	1 Quarter
Payments for Long-term Debt	`RepaymentsOfLongTermDebt`	$122.03M	USD	1 Quarter
Purchase of Outstanding Shares for Treasury	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Purchase of Outstanding Shares for Treasury	`PaymentsForRepurchaseOfCommonStock`	$7.73M	USD	1 Quarter
Stock Options Activity	`ProceedsFromStockOptionsExercised`	$33.00K	USD	1 Quarter
Stock Options Activity	`ProceedsFromStockOptionsExercised`	$159.00K	USD	1 Quarter
Finance Lease Principal Payments	`FinanceLeasePrincipalPayments`	$461.00K	USD	1 Quarter
Finance Lease Principal Payments	`FinanceLeasePrincipalPayments`	$395.00K	USD	1 Quarter
Cash Flows from Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$136.84M	USD	1 Quarter
Cash Flows from Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-112.26M	USD	1 Quarter
Effect of Exchange Rates on Cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-839.00K	USD	1 Quarter
Effect of Exchange Rates on Cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-67.00K	USD	1 Quarter
Increase (Decrease) in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-656.00K	USD	1 Quarter
Increase (Decrease) in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$156.46M	USD	1 Quarter
Cash and Cash Equivalents at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$188.36M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$15.97M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$31.91M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.62M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$188.36M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$15.97M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$31.91M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.62M	USD	Point-in-time

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Beginning of Period	`StockholdersEquity`	$466.00M	USD	Point-in-time
Beginning of Period	`StockholdersEquity`	$313.81M	USD	Point-in-time
Beginning of Period	`StockholdersEquity`	$388.86M	USD	Point-in-time
Retirement Liability Adjustment Net of Tax	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-215.00K	USD	1 Quarter
Retirement Liability Adjustment Net of Tax	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-150.00K	USD	1 Quarter
Net (Loss) Income	`NetIncomeLoss`	$-66.96M	USD	1 Quarter
Net (Loss) Income	`NetIncomeLoss`	$78.15M	USD	1 Quarter
End of Period	`StockholdersEquity`	$466.00M	USD	Point-in-time
End of Period	`StockholdersEquity`	$313.81M	USD	Point-in-time
End of Period	`StockholdersEquity`	$388.86M	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net (Loss) Income	`NetIncomeLoss`	$-66.96M	USD	1 Quarter
Net (Loss) Income	`NetIncomeLoss`	$78.15M	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-270.00K	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-2.30M	USD	1 Quarter
Retirement Liability Adjustment Net of Tax	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-215.00K	USD	1 Quarter
Retirement Liability Adjustment Net of Tax	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-150.00K	USD	1 Quarter
Total Other Comprehensive Loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-120.00K	USD	1 Quarter
Total Other Comprehensive Loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-2.09M	USD	1 Quarter
Comprehensive (Loss) Income	`ComprehensiveIncomeNetOfTax`	$-69.05M	USD	1 Quarter
Comprehensive (Loss) Income	`ComprehensiveIncomeNetOfTax`	$78.03M	USD	1 Quarter

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