10-Q Filing

ASTRONICS CORP CIK: 8063 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0000008063-21-000017`
Period End Date	20210331
Filing Date	20210510
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	atro-20210403_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 26 Cash Flow Statement 64 Stockholders Equity 10 Comprehensive Income 10

Balance Sheet 53 line items

Line Item	Tag	Value	Unit	Period
Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$31.91M	USD	Point-in-time
Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$40.41M	USD	Point-in-time
Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$30.73M	USD	Point-in-time
Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$188.36M	USD	Point-in-time
Accounts Receivable, Net of Allowance for Estimated Credit Losses	`AccountsReceivableNetCurrent`	$93.06M	USD	Point-in-time
Accounts Receivable, Net of Allowance for Estimated Credit Losses	`AccountsReceivableNetCurrent`	$98.70M	USD	Point-in-time
Inventories	`InventoryNet`	$155.25M	USD	Point-in-time
Inventories	`InventoryNet`	$157.06M	USD	Point-in-time
Prepaid Expenses and Other Current Assets	`PrepaidExpenseAndOtherAssetsCurrent`	$26.42M	USD	Point-in-time
Prepaid Expenses and Other Current Assets	`PrepaidExpenseAndOtherAssetsCurrent`	$25.55M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$310.24M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$316.95M	USD	Point-in-time
Property, Plant and Equipment, Net of Accumulated Depreciation	`PropertyPlantAndEquipmentNet`	$106.68M	USD	Point-in-time
Property, Plant and Equipment, Net of Accumulated Depreciation	`PropertyPlantAndEquipmentNet`	$104.93M	USD	Point-in-time
Operating Right-of-Use Assets	`OperatingLeaseRightOfUseAsset`	$18.95M	USD	Point-in-time
Operating Right-of-Use Assets	`OperatingLeaseRightOfUseAsset`	$17.75M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$9.00M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$8.81M	USD	Point-in-time
Intangible Assets, Net of Accumulated Amortization	`IntangibleAssetsNetExcludingGoodwill`	$105.93M	USD	Point-in-time
Intangible Assets, Net of Accumulated Amortization	`IntangibleAssetsNetExcludingGoodwill`	$109.89M	USD	Point-in-time
Goodwill	`Goodwill`	$58.30M	USD	Point-in-time
Goodwill	`Goodwill`	$58.28M	USD	Point-in-time
Total Assets	`Assets`	$605.96M	USD	Point-in-time
Total Assets	`Assets`	$619.75M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$26.45M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$22.22M	USD	Point-in-time
Current Operating Lease Liabilities	`OperatingLeaseLiabilityCurrent`	$5.00M	USD	Point-in-time
Current Operating Lease Liabilities	`OperatingLeaseLiabilityCurrent`	$4.86M	USD	Point-in-time
Accrued Expenses and Other Current Liabilities	`OtherLiabilitiesCurrent`	$40.72M	USD	Point-in-time
Accrued Expenses and Other Current Liabilities	`OtherLiabilitiesCurrent`	$37.72M	USD	Point-in-time
Customer Advance Payments and Deferred Revenue	`ContractWithCustomerLiabilityCurrent`	$27.41M	USD	Point-in-time
Customer Advance Payments and Deferred Revenue	`ContractWithCustomerLiabilityCurrent`	$24.57M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$95.20M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$93.74M	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	$173.00M	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	$173.00M	USD	Point-in-time
Long-term Operating Lease Liabilities	`OperatingLeaseLiabilityNoncurrent`	$15.41M	USD	Point-in-time
Long-term Operating Lease Liabilities	`OperatingLeaseLiabilityNoncurrent`	$16.64M	USD	Point-in-time
Other Liabilities	`OtherLiabilitiesNoncurrent`	$62.04M	USD	Point-in-time
Other Liabilities	`OtherLiabilitiesNoncurrent`	$66.00M	USD	Point-in-time
Total Liabilities	`Liabilities`	$349.37M	USD	Point-in-time
Total Liabilities	`Liabilities`	$345.65M	USD	Point-in-time
Common Stock	`CommonStockValue`	$347.00K	USD	Point-in-time
Common Stock	`CommonStockValue`	$347.00K	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-16.65M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-16.45M	USD	Point-in-time
Other Shareholders Equity	`OtherShareholdersEquity`	$276.61M	USD	Point-in-time
Other Shareholders Equity	`OtherShareholdersEquity`	$286.47M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$313.81M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$270.37M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$260.30M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$605.96M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$619.75M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$105.86M	USD	1 Quarter
Sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$157.58M	USD	1 Quarter
Cost of Products Sold	`CostOfGoodsAndServicesSold`	$121.86M	USD	1 Quarter
Cost of Products Sold	`CostOfGoodsAndServicesSold`	$91.58M	USD	1 Quarter
Gross Profit	`GrossProfit`	$14.27M	USD	1 Quarter
Gross Profit	`GrossProfit`	$35.72M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$28.87M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$23.79M	USD	1 Quarter
Impairment Loss	`OtherAssetImpairmentCharges`	-	USD	1 Quarter
Impairment Loss	`OtherAssetImpairmentCharges`	$74.41M	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-67.56M	USD	1 Quarter
Loss from Operations	`OperatingIncomeLoss`	$-9.51M	USD	1 Quarter
Other Expense, Net of Other Income	`OtherOperatingIncomeExpenseNet`	$-534.00K	USD	1 Quarter
Other Expense, Net of Other Income	`OtherOperatingIncomeExpenseNet`	$-388.00K	USD	1 Quarter
Interest Expense, Net of Interest Income	`InterestIncomeExpenseNet`	$-1.76M	USD	1 Quarter
Interest Expense, Net of Interest Income	`InterestIncomeExpenseNet`	$-1.33M	USD	1 Quarter
Loss Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-11.80M	USD	1 Quarter
Loss Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-69.28M	USD	1 Quarter
Provision for (Benefit from) Income Taxes	`IncomeTaxExpenseBenefit`	$105.00K	USD	1 Quarter
Provision for (Benefit from) Income Taxes	`IncomeTaxExpenseBenefit`	$-2.31M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-66.96M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-11.91M	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$-2.17	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$-0.39	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$-2.17	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$-0.39	USD	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-66.96M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-11.91M	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$7.45M	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$7.97M	USD	1 Quarter
Provisions for Non-Cash Losses on Inventory and Receivables	`ProvisionForNonCashLossesOnInventoryAndReceivables`	$1.27M	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`	$2.10M	USD	1 Quarter
Deferred Tax (Benefit) Expense	`DeferredIncomeTaxExpenseBenefit`	$2.05M	USD	1 Quarter
Deferred Tax (Benefit) Expense	`DeferredIncomeTaxExpenseBenefit`	$-51.00K	USD	1 Quarter
Operating Lease Non-Cash Expense	`OperatingLeaseNonCashExpense`	$1.21M	USD	1 Quarter
Operating Lease Non-Cash Expense	`OperatingLeaseNonCashExpense`	$1.19M	USD	1 Quarter
Impairment Loss	`OtherAssetImpairmentCharges`	-	USD	1 Quarter
Impairment Loss	`OtherAssetImpairmentCharges`	$74.41M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-968.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-1.31M	USD	1 Quarter
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-13.64M	USD	1 Quarter
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$6.01M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$7.22M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-430.00K	USD	1 Quarter
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-4.17M	USD	1 Quarter
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$6.29M	USD	1 Quarter
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$-685.00K	USD	1 Quarter
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$-5.73M	USD	1 Quarter
Other Current Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$557.00K	USD	1 Quarter
Other Current Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-961.00K	USD	1 Quarter
Customer Advance Payments and Deferred Revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$-490.00K	USD	1 Quarter
Customer Advance Payments and Deferred Revenue	`IncreaseDecreaseInContractWithCustomerLiability`	$2.92M	USD	1 Quarter
Income Taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-246.00K	USD	1 Quarter
Income Taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-3.59M	USD	1 Quarter
Operating Lease Liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-1.31M	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`	$-109.00K	USD	1 Quarter
Cash Flows from Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$23.25M	USD	1 Quarter
Cash Flows from Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.86M	USD	1 Quarter
Capital Expenditures	`PaymentsToAcquireProductiveAssets`	$2.79M	USD	1 Quarter
Capital Expenditures	`PaymentsToAcquireProductiveAssets`	$1.91M	USD	1 Quarter
Cash Flows from Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.79M	USD	1 Quarter
Cash Flows from Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.91M	USD	1 Quarter
Proceeds from Long-term Debt	`ProceedsFromIssuanceOfLongTermDebt`	$150.00M	USD	1 Quarter
Proceeds from Long-term Debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Payments for Long-term Debt	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Payments for Long-term Debt	`RepaymentsOfLongTermDebt`	$5.00M	USD	1 Quarter
Purchase of Outstanding Shares for Treasury	`PaymentsForRepurchaseOfCommonStock`	$7.73M	USD	1 Quarter
Purchase of Outstanding Shares for Treasury	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Finance Lease Principal Payments	`FinanceLeasePrincipalPayments`	$461.00K	USD	1 Quarter
Finance Lease Principal Payments	`FinanceLeasePrincipalPayments`	$501.00K	USD	1 Quarter
Cash Flows from Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-553.00K	USD	1 Quarter
Cash Flows from Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$136.84M	USD	1 Quarter
Effect of Exchange Rates on Cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-839.00K	USD	1 Quarter
Effect of Exchange Rates on Cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-362.00K	USD	1 Quarter
(Decrease) Increase in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-9.68M	USD	1 Quarter
(Decrease) Increase in Cash and Cash Equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$156.46M	USD	1 Quarter
Cash and Cash Equivalents at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$31.91M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$40.41M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$30.73M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$188.36M	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`	$40.41M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$30.73M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$188.36M	USD	Point-in-time
Proceeds of Stock Options Exercised, Net Of Taxes Remitted	`ProceedsOfStockOptionsExercisedNetOfTaxesRemitted`	$33.00K	USD	1 Quarter
Proceeds of Stock Options Exercised, Net Of Taxes Remitted	`ProceedsOfStockOptionsExercisedNetOfTaxesRemitted`	$-52.00K	USD	1 Quarter

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Beginning of Period	`StockholdersEquity`	$313.81M	USD	Point-in-time
Beginning of Period	`StockholdersEquity`	$270.37M	USD	Point-in-time
Beginning of Period	`StockholdersEquity`	$260.30M	USD	Point-in-time
Retirement Liability Adjustment Net of Tax	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-215.00K	USD	1 Quarter
Retirement Liability Adjustment Net of Tax	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-434.00K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-66.96M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-11.91M	USD	1 Quarter
End of Period	`StockholdersEquity`	$313.81M	USD	Point-in-time
End of Period	`StockholdersEquity`	$270.37M	USD	Point-in-time
End of Period	`StockholdersEquity`	$260.30M	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net Loss	`NetIncomeLoss`	$-66.96M	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-11.91M	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-637.00K	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`	$-434.00K	USD	1 Quarter
Total Other Comprehensive Loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-203.00K	USD	1 Quarter
Total Other Comprehensive Loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-2.09M	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-12.11M	USD	1 Quarter
Comprehensive Loss	`ComprehensiveIncomeNetOfTax`	$-69.05M	USD	1 Quarter

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