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10-Q Filing

ASTRONICS CORP CIK: 8063 Q1 2023
Filing Information
Form Type 10-Q
Accession Number 0000008063-23-000024
Period End Date 20230331
Filing Date 20230510
Fiscal Year 2023
Fiscal Period Q1
XBRL Instance atro-20230401_htm.xml
Balance Sheet 56 line items
Line Item Tag Value Unit Period
Cash and Cash Equivalents CashAndCashEquivalentsAtCarryingValue $13.78M USD Point-in-time
Cash and Cash Equivalents CashAndCashEquivalentsAtCarryingValue $24.02M USD Point-in-time
Cash and Cash Equivalents CashAndCashEquivalentsAtCarryingValue $4.22M USD Point-in-time
Restricted Cash RestrictedCashCurrent $1.50M USD Point-in-time
Restricted Cash RestrictedCashCurrent - USD Point-in-time
Accounts Receivable, Net of Allowance for Estimated Credit Losses AccountsReceivableNetCurrent $152.37M USD Point-in-time
Accounts Receivable, Net of Allowance for Estimated Credit Losses AccountsReceivableNetCurrent $147.79M USD Point-in-time
Inventories InventoryNet $187.98M USD Point-in-time
Inventories InventoryNet $199.94M USD Point-in-time
Prepaid Expenses and Other Current Assets PrepaidExpenseAndOtherAssetsCurrent $16.15M USD Point-in-time
Prepaid Expenses and Other Current Assets PrepaidExpenseAndOtherAssetsCurrent $15.74M USD Point-in-time
Total Current Assets AssetsCurrent $374.18M USD Point-in-time
Total Current Assets AssetsCurrent $365.29M USD Point-in-time
Property, Plant and Equipment, Net of Accumulated Depreciation PropertyPlantAndEquipmentNet $88.62M USD Point-in-time
Property, Plant and Equipment, Net of Accumulated Depreciation PropertyPlantAndEquipmentNet $90.66M USD Point-in-time
Operating Right-of-Use Assets OperatingLeaseRightOfUseAsset $13.03M USD Point-in-time
Operating Right-of-Use Assets OperatingLeaseRightOfUseAsset $12.18M USD Point-in-time
Other Assets OtherAssetsNoncurrent $8.61M USD Point-in-time
Other Assets OtherAssetsNoncurrent $7.56M USD Point-in-time
Intangible Assets, Net of Accumulated Amortization IntangibleAssetsNetExcludingGoodwill $79.28M USD Point-in-time
Intangible Assets, Net of Accumulated Amortization IntangibleAssetsNetExcludingGoodwill $75.70M USD Point-in-time
Goodwill Goodwill $58.17M USD Point-in-time
Goodwill Goodwill $58.17M USD Point-in-time
Total Assets Assets $615.03M USD Point-in-time
Total Assets Assets $616.41M USD Point-in-time
Current Maturities of Long-term Debt LongTermDebtCurrent $6.75M USD Point-in-time
Current Maturities of Long-term Debt LongTermDebtCurrent $4.50M USD Point-in-time
Accounts Payable AccountsPayableCurrent $63.27M USD Point-in-time
Accounts Payable AccountsPayableCurrent $64.19M USD Point-in-time
Current Operating Lease Liabilities OperatingLeaseLiabilityCurrent $4.44M USD Point-in-time
Current Operating Lease Liabilities OperatingLeaseLiabilityCurrent $4.31M USD Point-in-time
Accrued Expenses and Other Current Liabilities OtherLiabilitiesCurrent $45.07M USD Point-in-time
Accrued Expenses and Other Current Liabilities OtherLiabilitiesCurrent $45.91M USD Point-in-time
Customer Advance Payments and Deferred Revenue ContractWithCustomerLiabilityCurrent $32.57M USD Point-in-time
Customer Advance Payments and Deferred Revenue ContractWithCustomerLiabilityCurrent $27.43M USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $146.82M USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $151.61M USD Point-in-time
Long-term Debt LongTermDebtNoncurrent $159.50M USD Point-in-time
Long-term Debt LongTermDebtNoncurrent $165.60M USD Point-in-time
Long-term Operating Lease Liabilities OperatingLeaseLiabilityNoncurrent $8.96M USD Point-in-time
Long-term Operating Lease Liabilities OperatingLeaseLiabilityNoncurrent $9.94M USD Point-in-time
Other Liabilities OtherLiabilitiesNoncurrent $54.06M USD Point-in-time
Other Liabilities OtherLiabilitiesNoncurrent $56.10M USD Point-in-time
Total Liabilities Liabilities $375.11M USD Point-in-time
Total Liabilities Liabilities $377.48M USD Point-in-time
Common Stock CommonStockValue $355.00K USD Point-in-time
Common Stock CommonStockValue $354.00K USD Point-in-time
Accumulated Other Comprehensive Loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-9.53M USD Point-in-time
Accumulated Other Comprehensive Loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-9.12M USD Point-in-time
Other Shareholders Equity OtherShareholdersEquity $249.09M USD Point-in-time
Other Shareholders Equity OtherShareholdersEquity $247.69M USD Point-in-time
Total Shareholders Equity StockholdersEquity $239.92M USD Point-in-time
Total Shareholders Equity StockholdersEquity $260.08M USD Point-in-time
Total Shareholders Equity StockholdersEquity $238.92M USD Point-in-time
Total Liabilities and Shareholders Equity LiabilitiesAndStockholdersEquity $616.41M USD Point-in-time
Total Liabilities and Shareholders Equity LiabilitiesAndStockholdersEquity $615.03M USD Point-in-time
Income Statement 26 line items
Line Item Tag Value Unit Period
Sales RevenueFromContractWithCustomerExcludingAssessedTax $116.18M USD 1 Quarter
Sales RevenueFromContractWithCustomerExcludingAssessedTax $156.54M USD 1 Quarter
Cost of Products Sold CostOfGoodsAndServicesSold $96.24M USD 1 Quarter
Cost of Products Sold CostOfGoodsAndServicesSold $129.03M USD 1 Quarter
Gross Profit GrossProfit $19.93M USD 1 Quarter
Gross Profit GrossProfit $27.51M USD 1 Quarter
Selling, General and Administrative Expenses SellingGeneralAndAdministrativeExpense $24.10M USD 1 Quarter
Selling, General and Administrative Expenses SellingGeneralAndAdministrativeExpense $29.88M USD 1 Quarter
Loss from Operations OperatingIncomeLoss $-2.37M USD 1 Quarter
Loss from Operations OperatingIncomeLoss $-4.17M USD 1 Quarter
Net Gain on Sale of Business GainLossOnSaleOfBusiness $3.43M USD 1 Quarter
Net Gain on Sale of Business GainLossOnSaleOfBusiness $11.28M USD 1 Quarter
Other (Income), Net of Other Expense OtherOperatingIncomeExpenseNet $1.29M USD 1 Quarter
Other (Income), Net of Other Expense OtherOperatingIncomeExpenseNet $-462.00K USD 1 Quarter
Interest Expense, Net of Interest Income InterestIncomeExpenseNet $-1.63M USD 1 Quarter
Interest Expense, Net of Interest Income InterestIncomeExpenseNet $-5.47M USD 1 Quarter
(Loss) Income Before Income Taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $5.02M USD 1 Quarter
(Loss) Income Before Income Taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-3.12M USD 1 Quarter
Provision for Income Taxes IncomeTaxExpenseBenefit $8.12M USD 1 Quarter
Provision for Income Taxes IncomeTaxExpenseBenefit $1.29M USD 1 Quarter
Net Loss NetIncomeLoss $-4.42M USD 1 Quarter
Net Loss NetIncomeLoss $-3.10M USD 1 Quarter
Basic (in usd per share) EarningsPerShareBasic $-0.14 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 $-0.14 USD 1 Quarter
Cash Flow Statement 70 line items
Line Item Tag Value Unit Period
Net Loss NetIncomeLoss $-4.42M USD 1 Quarter
Net Loss NetIncomeLoss $-3.10M USD 1 Quarter
Depreciation and Amortization DepreciationDepletionAndAmortization $6.66M USD 1 Quarter
Depreciation and Amortization DepreciationDepletionAndAmortization $7.09M USD 1 Quarter
Amortization of Deferred Financing Fees AmortizationOfFinancingCostsAndDiscounts $616.00K USD 1 Quarter
Amortization of Deferred Financing Fees AmortizationOfFinancingCostsAndDiscounts - USD 1 Quarter
Provisions for Non-Cash Losses on Inventory and Receivables ProvisionForNonCashLossesOnInventoryAndReceivables $627.00K USD 1 Quarter
Provisions for Non-Cash Losses on Inventory and Receivables ProvisionForNonCashLossesOnInventoryAndReceivables $175.00K USD 1 Quarter
Equity-based Compensation Expense ShareBasedCompensation $2.40M USD 1 Quarter
Equity-based Compensation Expense ShareBasedCompensation $2.10M 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
Non-Cash Accrued 401K Contribution PensionAndOtherPostretirementBenefitsExpenseReversalOfExpenseNoncash $1.21M USD 1 Quarter
Non-Cash Accrued 401K Contribution PensionAndOtherPostretirementBenefitsExpenseReversalOfExpenseNoncash $1.01M USD 1 Quarter
Net Gain on Sale of Business, Before Taxes GainLossOnSaleOfBusiness $3.43M USD 1 Quarter
Net Gain on Sale of Business, Before Taxes GainLossOnSaleOfBusiness $11.28M USD 1 Quarter
Non-cash deferred liability recovery BusinessAcquisitionPreacquisitionContingencySettlement - USD 1 Quarter
Non-cash deferred liability recovery BusinessAcquisitionPreacquisitionContingencySettlement $5.82M USD 1 Quarter
Other OtherNoncashIncomeExpense $-513.00K USD 1 Quarter
Other OtherNoncashIncomeExpense $525.00K USD 1 Quarter
Accounts Receivable IncreaseDecreaseInAccountsReceivable $10.02M USD 1 Quarter
Accounts Receivable IncreaseDecreaseInAccountsReceivable $4.17M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $9.02M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $13.86M USD 1 Quarter
Accounts Payable IncreaseDecreaseInAccountsPayable $-3.49M USD 1 Quarter
Accounts Payable IncreaseDecreaseInAccountsPayable $8.62M USD 1 Quarter
Accrued Expenses IncreaseDecreaseInAccruedLiabilities $-1.38M USD 1 Quarter
Accrued Expenses IncreaseDecreaseInAccruedLiabilities $2.91M USD 1 Quarter
Other Current Assets and Liabilities IncreaseDecreaseInOtherOperatingCapitalNet $-16.00K USD 1 Quarter
Other Current Assets and Liabilities IncreaseDecreaseInOtherOperatingCapitalNet $363.00K USD 1 Quarter
Customer Advance Payments and Deferred Revenue IncreaseDecreaseInContractWithCustomerLiability $1.19M USD 1 Quarter
Customer Advance Payments and Deferred Revenue IncreaseDecreaseInContractWithCustomerLiability $-113.00K USD 1 Quarter
Income Taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $16.49M USD 1 Quarter
Income Taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $1.26M USD 1 Quarter
Operating Lease Liabilities IncreaseDecreaseInOperatingLeaseLiabilities $-1.45M USD 1 Quarter
Operating Lease Liabilities IncreaseDecreaseInOperatingLeaseLiabilities $-1.72M USD 1 Quarter
Supplemental Retirement Plan and Other Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities $-109.00K USD 1 Quarter
Supplemental Retirement Plan and Other Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities $-100.00K USD 1 Quarter
Cash Flows (Used) Provided by Operating Activities NetCashProvidedByUsedInOperatingActivities $-19.18M USD 1 Quarter
Cash Flows (Used) Provided by Operating Activities NetCashProvidedByUsedInOperatingActivities $316.00K USD 1 Quarter
Proceeds from Sale of Business ProceedsFromDivestitureOfBusinesses $21.96M USD 1 Quarter
Proceeds from Sale of Business ProceedsFromDivestitureOfBusinesses $3.44M USD 1 Quarter
Capital Expenditures PaymentsToAcquireProductiveAssets $1.57M USD 1 Quarter
Capital Expenditures PaymentsToAcquireProductiveAssets $1.16M USD 1 Quarter
Cash Flows Provided by Investing Activities NetCashProvidedByUsedInInvestingActivities $1.86M USD 1 Quarter
Cash Flows Provided by Investing Activities NetCashProvidedByUsedInInvestingActivities $20.80M USD 1 Quarter
Proceeds from Long-term Debt ProceedsFromIssuanceOfLongTermDebt $17.93M USD 1 Quarter
Proceeds from Long-term Debt ProceedsFromIssuanceOfLongTermDebt $126.12M USD 1 Quarter
Principal Payments on Long-term Debt RepaymentsOfLongTermDebt $43.92M USD 1 Quarter
Principal Payments on Long-term Debt RepaymentsOfLongTermDebt $111.99M USD 1 Quarter
Stock Award Activity ProceedsPaymentsFromStockAwardActivity $-602.00K USD 1 Quarter
Stock Award Activity ProceedsPaymentsFromStockAwardActivity $108.00K USD 1 Quarter
Finance Lease Principal Payments FinanceLeasePrincipalPayments $11.00K USD 1 Quarter
Finance Lease Principal Payments FinanceLeasePrincipalPayments $23.00K USD 1 Quarter
Debt Acquisition Costs PaymentsOfDebtIssuanceCosts $771.00K USD 1 Quarter
Debt Acquisition Costs PaymentsOfDebtIssuanceCosts $4.35M USD 1 Quarter
Cash Flows Provided (Used) by Financing Activities NetCashProvidedByUsedInFinancingActivities $9.18M USD 1 Quarter
Cash Flows Provided (Used) by Financing Activities NetCashProvidedByUsedInFinancingActivities $-26.69M USD 1 Quarter
Effect of Exchange Rates on Cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $80.00K USD 1 Quarter
Effect of Exchange Rates on Cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-173.00K USD 1 Quarter
Decrease in Cash and Cash Equivalents and Restricted Cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-5.74M USD 1 Quarter
Decrease in Cash and Cash Equivalents and Restricted Cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-8.06M USD 1 Quarter
Cash and Cash Equivalents and Restricted Cash at Beginning of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $5.72M USD Point-in-time
Cash and Cash Equivalents and Restricted Cash at Beginning of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $13.78M USD Point-in-time
Cash and Cash Equivalents and Restricted Cash at Beginning of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $29.76M USD Point-in-time
Cash and Cash Equivalents and Restricted Cash at Beginning of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $24.02M USD Point-in-time
Cash and Cash Equivalents and Restricted Cash at End of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $5.72M USD Point-in-time
Cash and Cash Equivalents and Restricted Cash at End of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $13.78M USD Point-in-time
Cash and Cash Equivalents and Restricted Cash at End of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $29.76M USD Point-in-time
Cash and Cash Equivalents and Restricted Cash at End of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $24.02M USD Point-in-time
Stockholders Equity 10 line items
Line Item Tag Value Unit Period
Beginning of Period StockholdersEquity $239.92M USD Point-in-time
Beginning of Period StockholdersEquity $260.08M USD Point-in-time
Beginning of Period StockholdersEquity $238.92M USD Point-in-time
Foreign Currency Translation Adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $224.00K USD 1 Quarter
Foreign Currency Translation Adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-181.00K USD 1 Quarter
Net Loss NetIncomeLoss $-4.42M USD 1 Quarter
Net Loss NetIncomeLoss $-3.10M USD 1 Quarter
End of Period StockholdersEquity $239.92M USD Point-in-time
End of Period StockholdersEquity $260.08M USD Point-in-time
End of Period StockholdersEquity $238.92M USD Point-in-time
Comprehensive Income 10 line items
Line Item Tag Value Unit Period
Net Loss NetIncomeLoss $-4.42M USD 1 Quarter
Net Loss NetIncomeLoss $-3.10M USD 1 Quarter
Foreign Currency Translation Adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $224.00K USD 1 Quarter
Foreign Currency Translation Adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-181.00K USD 1 Quarter
Retirement Liability Adjustment Net of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-351.00K USD 1 Quarter
Retirement Liability Adjustment Net of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-185.00K USD 1 Quarter
Total Other Comprehensive Income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $170.00K USD 1 Quarter
Total Other Comprehensive Income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $409.00K USD 1 Quarter
Comprehensive Loss ComprehensiveIncomeNetOfTax $-2.93M USD 1 Quarter
Comprehensive Loss ComprehensiveIncomeNetOfTax $-4.01M USD 1 Quarter

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

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