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10-Q Filing

ASTRONICS CORP CIK: 8063 Q1 2022
Filing Information
Form Type 10-Q
Accession Number 0000008063-22-000021
Period End Date 20220331
Filing Date 20220509
Fiscal Year 2022
Fiscal Period Q1
XBRL Instance atro-20220402_htm.xml
Balance Sheet 53 line items
Line Item Tag Value Unit Period
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 $24.02M USD Point-in-time
Cash and Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $29.76M USD Point-in-time
Accounts Receivable, Net of Allowance for Estimated Credit Losses AccountsReceivableNetCurrent $117.50M USD Point-in-time
Accounts Receivable, Net of Allowance for Estimated Credit Losses AccountsReceivableNetCurrent $107.44M USD Point-in-time
Inventories InventoryNet $166.09M USD Point-in-time
Inventories InventoryNet $157.58M USD Point-in-time
Prepaid Expenses and Other Current Assets PrepaidExpenseAndOtherAssetsCurrent $45.09M USD Point-in-time
Prepaid Expenses and Other Current Assets PrepaidExpenseAndOtherAssetsCurrent $18.33M USD Point-in-time
Total Current Assets AssetsCurrent $339.86M USD Point-in-time
Total Current Assets AssetsCurrent $325.93M USD Point-in-time
Property, Plant and Equipment, Net of Accumulated Depreciation PropertyPlantAndEquipmentNet $95.24M USD Point-in-time
Property, Plant and Equipment, Net of Accumulated Depreciation PropertyPlantAndEquipmentNet $93.03M USD Point-in-time
Operating Right-of-Use Assets OperatingLeaseRightOfUseAsset $14.74M USD Point-in-time
Operating Right-of-Use Assets OperatingLeaseRightOfUseAsset $16.17M USD Point-in-time
Other Assets OtherAssetsNoncurrent $5.27M USD Point-in-time
Other Assets OtherAssetsNoncurrent $5.96M USD Point-in-time
Intangible Assets, Net of Accumulated Amortization IntangibleAssetsNetExcludingGoodwill $94.32M USD Point-in-time
Intangible Assets, Net of Accumulated Amortization IntangibleAssetsNetExcludingGoodwill $90.50M USD Point-in-time
Goodwill Goodwill $58.31M USD Point-in-time
Goodwill Goodwill $58.28M USD Point-in-time
Total Assets Assets $588.47M USD Point-in-time
Total Assets Assets $609.14M USD Point-in-time
Accounts Payable AccountsPayableCurrent $43.40M USD Point-in-time
Accounts Payable AccountsPayableCurrent $34.86M USD Point-in-time
Current Operating Lease Liabilities OperatingLeaseLiabilityCurrent $6.09M USD Point-in-time
Current Operating Lease Liabilities OperatingLeaseLiabilityCurrent $6.78M USD Point-in-time
Accrued Expenses and Other Current Liabilities OtherLiabilitiesCurrent $44.49M USD Point-in-time
Accrued Expenses and Other Current Liabilities OtherLiabilitiesCurrent $49.62M USD Point-in-time
Customer Advance Payments and Deferred Revenue ContractWithCustomerLiabilityCurrent $27.36M USD Point-in-time
Customer Advance Payments and Deferred Revenue ContractWithCustomerLiabilityCurrent $27.20M USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $118.61M USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $121.19M USD Point-in-time
Long-term Debt LongTermDebtNoncurrent $137.00M USD Point-in-time
Long-term Debt LongTermDebtNoncurrent $163.00M USD Point-in-time
Long-term Operating Lease Liabilities OperatingLeaseLiabilityNoncurrent $10.96M USD Point-in-time
Long-term Operating Lease Liabilities OperatingLeaseLiabilityNoncurrent $12.02M USD Point-in-time
Other Liabilities OtherLiabilitiesNoncurrent $59.24M USD Point-in-time
Other Liabilities OtherLiabilitiesNoncurrent $58.90M USD Point-in-time
Total Liabilities Liabilities $328.39M USD Point-in-time
Total Liabilities Liabilities $352.53M USD Point-in-time
Common Stock CommonStockValue $353.00K USD Point-in-time
Common Stock CommonStockValue $354.00K USD Point-in-time
Accumulated Other Comprehensive Loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-14.49M USD Point-in-time
Accumulated Other Comprehensive Loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-14.32M USD Point-in-time
Other Shareholders Equity OtherShareholdersEquity $274.05M USD Point-in-time
Other Shareholders Equity OtherShareholdersEquity $270.75M USD Point-in-time
Total Shareholders Equity StockholdersEquity $260.08M USD Point-in-time
Total Shareholders Equity StockholdersEquity $256.60M USD Point-in-time
Total Shareholders Equity StockholdersEquity $260.30M USD Point-in-time
Total Liabilities and Shareholders Equity LiabilitiesAndStockholdersEquity $588.47M USD Point-in-time
Total Liabilities and Shareholders Equity LiabilitiesAndStockholdersEquity $609.14M USD Point-in-time
Income Statement 26 line items
Line Item Tag Value Unit Period
Sales RevenueFromContractWithCustomerExcludingAssessedTax $116.18M USD 1 Quarter
Sales RevenueFromContractWithCustomerExcludingAssessedTax $105.86M USD 1 Quarter
Cost of Products Sold CostOfGoodsAndServicesSold $96.24M USD 1 Quarter
Cost of Products Sold CostOfGoodsAndServicesSold $91.58M USD 1 Quarter
Gross Profit GrossProfit $14.27M USD 1 Quarter
Gross Profit GrossProfit $19.93M USD 1 Quarter
Selling, General and Administrative Expenses SellingGeneralAndAdministrativeExpense $23.79M USD 1 Quarter
Selling, General and Administrative Expenses SellingGeneralAndAdministrativeExpense $24.10M USD 1 Quarter
Loss from Operations OperatingIncomeLoss $-9.51M USD 1 Quarter
Loss from Operations OperatingIncomeLoss $-4.17M USD 1 Quarter
Net Gain on Sale of Business GainLossOnSaleOfBusiness $11.28M USD 1 Quarter
Net Gain on Sale of Business GainLossOnSaleOfBusiness - USD 1 Quarter
Other Expense, Net of Other Income OtherOperatingIncomeExpenseNet $-462.00K USD 1 Quarter
Other Expense, Net of Other Income OtherOperatingIncomeExpenseNet $-534.00K USD 1 Quarter
Interest Expense, Net of Interest Income InterestIncomeExpenseNet $-1.63M USD 1 Quarter
Interest Expense, Net of Interest Income InterestIncomeExpenseNet $-1.76M USD 1 Quarter
Income (Loss) Before Income Taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $5.02M USD 1 Quarter
Income (Loss) Before Income Taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-11.80M USD 1 Quarter
Provision for Income Taxes IncomeTaxExpenseBenefit $105.00K USD 1 Quarter
Provision for Income Taxes IncomeTaxExpenseBenefit $8.12M USD 1 Quarter
Net Loss NetIncomeLoss $-11.91M USD 1 Quarter
Net Loss NetIncomeLoss $-3.10M USD 1 Quarter
Basic (in usd per share) EarningsPerShareBasic $-0.39 USD 1 Quarter
Basic (in usd per share) EarningsPerShareBasic $-0.10 USD 1 Quarter
Diluted (in usd per share) EarningsPerShareDiluted $-0.10 USD 1 Quarter
Diluted (in usd per share) EarningsPerShareDiluted $-0.39 USD 1 Quarter
Cash Flow Statement 68 line items
Line Item Tag Value Unit Period
Net Loss NetIncomeLoss $-11.91M USD 1 Quarter
Net Loss NetIncomeLoss $-3.10M USD 1 Quarter
Depreciation and Amortization DepreciationDepletionAndAmortization $7.45M USD 1 Quarter
Depreciation and Amortization DepreciationDepletionAndAmortization $7.09M 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 $175.00K USD 1 Quarter
Equity-based Compensation Expense ShareBasedCompensation $2.10M USD 1 Quarter
Equity-based Compensation Expense ShareBasedCompensation $2.10M USD 1 Quarter
Non-Cash Accrued 401K Contribution PensionAndOtherPostretirementBenefitsExpenseReversalOfExpenseNoncash - USD 1 Quarter
Non-Cash Accrued 401K Contribution PensionAndOtherPostretirementBenefitsExpenseReversalOfExpenseNoncash $1.01M USD 1 Quarter
Deferred Tax Benefit DeferredIncomeTaxExpenseBenefit - USD 1 Quarter
Deferred Tax Benefit DeferredIncomeTaxExpenseBenefit $-51.00K USD 1 Quarter
Operating Lease Non-Cash Expense OperatingLeaseNonCashExpense $1.19M USD 1 Quarter
Operating Lease Non-Cash Expense OperatingLeaseNonCashExpense $1.42M USD 1 Quarter
Net Gain on Sale of Business, Before Taxes GainLossOnSaleOfBusiness $11.28M USD 1 Quarter
Net Gain on Sale of Business, Before Taxes GainLossOnSaleOfBusiness - USD 1 Quarter
Other OtherNoncashIncomeExpense $-1.31M USD 1 Quarter
Other OtherNoncashIncomeExpense $-513.00K USD 1 Quarter
Accounts Receivable IncreaseDecreaseInAccountsReceivable $6.01M USD 1 Quarter
Accounts Receivable IncreaseDecreaseInAccountsReceivable $10.02M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-430.00K USD 1 Quarter
Inventories IncreaseDecreaseInInventories $9.02M USD 1 Quarter
Accounts Payable IncreaseDecreaseInAccountsPayable $8.62M USD 1 Quarter
Accounts Payable IncreaseDecreaseInAccountsPayable $-4.17M USD 1 Quarter
Accrued Expenses IncreaseDecreaseInAccruedLiabilities $-685.00K USD 1 Quarter
Accrued Expenses IncreaseDecreaseInAccruedLiabilities $-1.38M USD 1 Quarter
Other Current Assets and Liabilities IncreaseDecreaseInOtherOperatingCapitalNet $363.00K USD 1 Quarter
Other Current Assets and Liabilities IncreaseDecreaseInOtherOperatingCapitalNet $-961.00K USD 1 Quarter
Customer Advance Payments and Deferred Revenue IncreaseDecreaseInContractWithCustomerLiability $2.92M USD 1 Quarter
Customer Advance Payments and Deferred Revenue IncreaseDecreaseInContractWithCustomerLiability $-113.00K USD 1 Quarter
Income Taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $-246.00K USD 1 Quarter
Income Taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $16.49M USD 1 Quarter
Operating Lease Liabilities IncreaseDecreaseInOperatingLeaseLiabilities $-1.72M USD 1 Quarter
Operating Lease Liabilities IncreaseDecreaseInOperatingLeaseLiabilities $-1.31M USD 1 Quarter
Supplemental Retirement Plan and Other Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities $-109.00K USD 1 Quarter
Supplemental Retirement Plan and Other Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities $-109.00K USD 1 Quarter
Cash Flows from Operating Activities NetCashProvidedByUsedInOperatingActivities $316.00K USD 1 Quarter
Cash Flows from Operating Activities NetCashProvidedByUsedInOperatingActivities $-6.86M USD 1 Quarter
Proceeds from Sale of Businesses ProceedsFromDivestitureOfBusinesses - USD 1 Quarter
Proceeds from Sale of Businesses ProceedsFromDivestitureOfBusinesses $21.96M USD 1 Quarter
Capital Expenditures PaymentsToAcquireProductiveAssets $1.91M USD 1 Quarter
Capital Expenditures PaymentsToAcquireProductiveAssets $1.16M USD 1 Quarter
Cash Flows from Investing Activities NetCashProvidedByUsedInInvestingActivities $20.80M USD 1 Quarter
Cash Flows from Investing Activities NetCashProvidedByUsedInInvestingActivities $-1.91M USD 1 Quarter
Proceeds from Long-term Debt ProceedsFromIssuanceOfLongTermDebt $17.93M USD 1 Quarter
Proceeds from Long-term Debt ProceedsFromIssuanceOfLongTermDebt - USD 1 Quarter
Principal Payments on Long-term Debt RepaymentsOfLongTermDebt $43.92M USD 1 Quarter
Principal Payments on Long-term Debt RepaymentsOfLongTermDebt - USD 1 Quarter
Stock Award Activity ProceedsPaymentsFromStockAwardActivity $-52.00K USD 1 Quarter
Stock Award Activity ProceedsPaymentsFromStockAwardActivity $108.00K USD 1 Quarter
Finance Lease Principal Payments FinanceLeasePrincipalPayments $23.00K USD 1 Quarter
Finance Lease Principal Payments FinanceLeasePrincipalPayments $501.00K USD 1 Quarter
Debt Acquisition Costs PaymentsOfDebtIssuanceCosts $771.00K USD 1 Quarter
Debt Acquisition Costs PaymentsOfDebtIssuanceCosts - USD 1 Quarter
Cash Flows from Financing Activities NetCashProvidedByUsedInFinancingActivities $-26.69M USD 1 Quarter
Cash Flows from Financing Activities NetCashProvidedByUsedInFinancingActivities $-553.00K USD 1 Quarter
Effect of Exchange Rates on Cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-173.00K USD 1 Quarter
Effect of Exchange Rates on Cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-362.00K USD 1 Quarter
Decrease in Cash and Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-5.74M USD 1 Quarter
Decrease in Cash and Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-9.68M USD 1 Quarter
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 $24.02M USD Point-in-time
Cash and Cash Equivalents at Beginning of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $29.76M 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 $24.02M USD Point-in-time
Cash and Cash Equivalents at End of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $29.76M USD Point-in-time
Stockholders Equity 10 line items
Line Item Tag Value Unit Period
Beginning of Period StockholdersEquity $260.08M USD Point-in-time
Beginning of Period StockholdersEquity $256.60M USD Point-in-time
Beginning of Period StockholdersEquity $260.30M USD Point-in-time
Foreign Currency Translation Adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-637.00K USD 1 Quarter
Foreign Currency Translation Adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-181.00K USD 1 Quarter
Net Loss NetIncomeLoss $-11.91M USD 1 Quarter
Net Loss NetIncomeLoss $-3.10M USD 1 Quarter
End of Period StockholdersEquity $260.08M USD Point-in-time
End of Period StockholdersEquity $256.60M 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 $-11.91M USD 1 Quarter
Net Loss NetIncomeLoss $-3.10M USD 1 Quarter
Foreign Currency Translation Adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-637.00K USD 1 Quarter
Foreign Currency Translation Adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-181.00K USD 1 Quarter
Retirement Liability Adjustment Net of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-434.00K USD 1 Quarter
Retirement Liability Adjustment Net of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-351.00K USD 1 Quarter
Total Other Comprehensive Income (Loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-203.00K USD 1 Quarter
Total Other Comprehensive Income (Loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $170.00K USD 1 Quarter
Comprehensive Loss ComprehensiveIncomeNetOfTax $-12.11M USD 1 Quarter
Comprehensive Loss ComprehensiveIncomeNetOfTax $-2.93M USD 1 Quarter

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

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