10-Q Filing

ASTRONICS CORP CIK: 8063 Q3 2013

Filing Information

Form Type	10-Q
Accession Number	`0001193125-13-427957`
Period End Date	20130930
Filing Date	20131105
Fiscal Year	2013
Fiscal Period	Q3
XBRL Instance	atro-20130928.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 44 Cash Flow Statement 64 Comprehensive Income 24

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$68.19M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.92M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.38M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.57M	USD	Point-in-time
Accounts Receivable, net of allowance for doubtful accounts	`AccountsReceivableNetCurrent`	$48.59M	USD	Point-in-time
Accounts Receivable, net of allowance for doubtful accounts	`AccountsReceivableNetCurrent`	$45.47M	USD	Point-in-time
Inventories	`InventoryNet`	$48.62M	USD	Point-in-time
Inventories	`InventoryNet`	$67.25M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$6.53M	USD	Point-in-time
Other Current Assets	`OtherAssetsCurrent`	$7.87M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$191.90M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$108.01M	USD	Point-in-time
Property, Plant and Equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$53.54M	USD	Point-in-time
Property, Plant and Equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$59.60M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxAssetsNetNoncurrent`	$9.02M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$5.61M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$2.98M	USD	Point-in-time
Intangible Assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$16.52M	USD	Point-in-time
Intangible Assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$83.09M	USD	Point-in-time
Goodwill	`Goodwill`	$21.92M	USD	Point-in-time
Goodwill	`Goodwill`	$92.62M	USD	Point-in-time
Total Assets	`Assets`	$432.83M	USD	Point-in-time
Total Assets	`Assets`	$211.99M	USD	Point-in-time
Current Maturities of Long-term Debt	`LongTermDebtCurrent`	$10.59M	USD	Point-in-time
Current Maturities of Long-term Debt	`LongTermDebtCurrent`	$9.27M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$16.71M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$10.59M	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$16.92M	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$15.63M	USD	Point-in-time
Accrued Income Taxes	`AccruedIncomeTaxesCurrent`	$1.42M	USD	Point-in-time
Billings in Excess of Recoverable Costs and Accrued Profits on Uncompleted Contracts	`BillingsInExcessOfCost`	$188.00K	USD	Point-in-time
Customer Advance Payments and Deferred Revenue	`DeferredRevenueAndCreditsCurrent`	$12.29M	USD	Point-in-time
Customer Advance Payments and Deferred Revenue	`DeferredRevenueAndCreditsCurrent`	$10.83M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$47.97M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$56.46M	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	$20.71M	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	$188.08M	USD	Point-in-time
Other Liabilities	`OtherLiabilitiesNoncurrent`	$18.06M	USD	Point-in-time
Other Liabilities	`OtherLiabilitiesNoncurrent`	$18.17M	USD	Point-in-time
Deferred Taxes	`DeferredTaxLiabilitiesNoncurrent`	$21.99M	USD	Point-in-time
Total Liabilities	`Liabilities`	$86.86M	USD	Point-in-time
Total Liabilities	`Liabilities`	$284.59M	USD	Point-in-time
Common Stock	`CommonStockValue`	$174.00K	USD	Point-in-time
Common Stock	`CommonStockValue`	$175.00K	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.66M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.78M	USD	Point-in-time
Other Shareholders' Equity	`OtherShareholdersEquity`	$129.74M	USD	Point-in-time
Other Shareholders' Equity	`OtherShareholdersEquity`	$152.72M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$148.24M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$125.13M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$211.99M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$432.83M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueGoodsNet`	$89.68M	USD	1 Quarter
Sales	`SalesRevenueGoodsNet`	$199.03M	USD	3 Qtrs
Sales	`SalesRevenueGoodsNet`	$234.48M	USD	3 Qtrs
Sales	`SalesRevenueGoodsNet`	$68.90M	USD	1 Quarter
Cost of Products Sold	`CostOfGoodsSold`	$147.13M	USD	3 Qtrs
Cost of Products Sold	`CostOfGoodsSold`	$65.90M	USD	1 Quarter
Cost of Products Sold	`CostOfGoodsSold`	$52.18M	USD	1 Quarter
Cost of Products Sold	`CostOfGoodsSold`	$171.80M	USD	3 Qtrs
Gross Profit	`GrossProfit`	$23.79M	USD	1 Quarter
Gross Profit	`GrossProfit`	$16.72M	USD	1 Quarter
Gross Profit	`GrossProfit`	$62.69M	USD	3 Qtrs
Gross Profit	`GrossProfit`	$51.89M	USD	3 Qtrs
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$9.06M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$31.29M	USD	3 Qtrs
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$11.43M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$27.20M	USD	3 Qtrs
Income from Operations	`OperatingIncomeLoss`	$7.66M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$12.35M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$24.70M	USD	3 Qtrs
Income from Operations	`OperatingIncomeLoss`	$31.39M	USD	3 Qtrs
Interest Expense, Net of Interest Income	`InterestIncomeExpenseNet`	$-803.00K	USD	3 Qtrs
Interest Expense, Net of Interest Income	`InterestIncomeExpenseNet`	$-2.08M	USD	3 Qtrs
Interest Expense, Net of Interest Income	`InterestIncomeExpenseNet`	$-274.00K	USD	1 Quarter
Interest Expense, Net of Interest Income	`InterestIncomeExpenseNet`	$-1.60M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$29.31M	USD	3 Qtrs
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.38M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$23.89M	USD	3 Qtrs
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$10.75M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$8.43M	USD	3 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$3.59M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$7.67M	USD	3 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$2.45M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$4.93M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$16.22M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$20.88M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$7.16M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.41	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.20	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.29	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.95	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.14	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.39	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.27	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.89	USD	3 Qtrs

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$4.93M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$16.22M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$20.88M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$7.16M	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$4.96M	USD	3 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$6.55M	USD	3 Qtrs
Provisions for Non-Cash Losses on Inventory and Receivables	`ProvisionForNonCashLossesOnInventoryAndReceivables`	$1.06M	USD	3 Qtrs
Provisions for Non-Cash Losses on Inventory and Receivables	`ProvisionForNonCashLossesOnInventoryAndReceivables`	$381.00K	USD	3 Qtrs
Stock Compensation Expense	`ShareBasedCompensation`	$1.05M	USD	3 Qtrs
Stock Compensation Expense	`ShareBasedCompensation`	$1.08M	USD	3 Qtrs
Deferred Tax Expense (Benefit)	`DeferredIncomeTaxExpenseBenefit`	$-811.00K	USD	3 Qtrs
Deferred Tax Expense (Benefit)	`DeferredIncomeTaxExpenseBenefit`	$1.11M	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$863.00K	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$-115.00K	USD	3 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-4.80M	USD	3 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$9.84M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$3.67M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$6.83M	USD	3 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$3.07M	USD	3 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$3.79M	USD	3 Qtrs
Other Current Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-2.07M	USD	3 Qtrs
Other Current Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$402.00K	USD	3 Qtrs
Billings in Excess of Recoverable Costs and Accrued Profits on Uncompleted Contracts	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-61.00K	USD	3 Qtrs
Billings in Excess of Recoverable Costs and Accrued Profits on Uncompleted Contracts	`IncreaseDecreaseInBillingInExcessOfCostOfEarnings`	$-188.00K	USD	3 Qtrs
Customer Advanced Payments and Deferred Revenue	`IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits`	$-1.58M	USD	3 Qtrs
Customer Advanced Payments and Deferred Revenue	`IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits`	$4.46M	USD	3 Qtrs
Income Taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.45M	USD	3 Qtrs
Income Taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.01M	USD	3 Qtrs
Supplemental Retirement and Other Liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$642.00K	USD	3 Qtrs
Supplemental Retirement and Other Liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$838.00K	USD	3 Qtrs
Cash Provided By Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$34.15M	USD	3 Qtrs
Cash Provided By Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$17.14M	USD	3 Qtrs
Acquisition of Business	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$10.62M	USD	3 Qtrs
Acquisition of Business	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$135.90M	USD	3 Qtrs
Capital Expenditures	`PaymentsToAcquireProductiveAssets`	$4.83M	USD	3 Qtrs
Capital Expenditures	`PaymentsToAcquireProductiveAssets`	$10.57M	USD	3 Qtrs
Cash Used For Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-140.73M	USD	3 Qtrs
Cash Used For Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-21.19M	USD	3 Qtrs
Proceeds from Term Note	`ProceedsFromNotesPayable`	$190.00M	USD	3 Qtrs
Proceeds from Term Note	`ProceedsFromNotesPayable`	$10.00M	USD	3 Qtrs
Payments on Note Payable	`RepaymentsOfNotesPayable`	$1.00M	USD	3 Qtrs
Payments on Note Payable	`RepaymentsOfNotesPayable`	$7.00M	USD	3 Qtrs
Payments for Long-term Debt	`ProceedsFromRepaymentsOfDebt`	$-14.29M	USD	3 Qtrs
Payments for Long-term Debt	`ProceedsFromRepaymentsOfDebt`	$-8.90M	USD	3 Qtrs
Debt Acquisition Costs	`PaymentsOfDebtIssuanceCosts`	$2.29M	USD	3 Qtrs
Acquisition Earnout Payments	`PaymentsForPreviousAcquisition`	$81.00K	USD	3 Qtrs
Proceeds from Exercise of Stock Options	`ProceedsFromStockOptionsExercised`	$408.00K	USD	3 Qtrs
Proceeds from Exercise of Stock Options	`ProceedsFromStockOptionsExercised`	$205.00K	USD	3 Qtrs
Income Tax Benefit from Exercise of Stock Options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$391.00K	USD	3 Qtrs
Income Tax Benefit from Exercise of Stock Options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$649.00K	USD	3 Qtrs
Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$167.39M	USD	3 Qtrs
Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$698.00K	USD	3 Qtrs
Effect of Exchange Rates on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-5.00K	USD	3 Qtrs
Effect of Exchange Rates on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$4.00K	USD	3 Qtrs
Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$60.81M	USD	3 Qtrs
Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.35M	USD	3 Qtrs
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$68.19M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$10.92M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$7.38M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$7.57M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$68.19M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$10.92M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$7.38M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$7.57M	USD	Point-in-time

Comprehensive Income 24 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$4.93M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$16.22M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$20.88M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$7.16M	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$258.00K	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$251.00K	USD	3 Qtrs
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-260.00K	USD	3 Qtrs
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$129.00K	USD	1 Quarter
Mark to Market Adjustments for Derivatives - Net of Tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$26.00K	USD	1 Quarter
Mark to Market Adjustments for Derivatives - Net of Tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$27.00K	USD	1 Quarter
Mark to Market Adjustments for Derivatives - Net of Tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$65.00K	USD	3 Qtrs
Mark to Market Adjustments for Derivatives - Net of Tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$76.00K	USD	3 Qtrs
Retirement Liability Adjustment - Net of Tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-105.00K	USD	1 Quarter
Retirement Liability Adjustment - Net of Tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-316.00K	USD	3 Qtrs
Retirement Liability Adjustment - Net of Tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$3.45M	USD	3 Qtrs
Retirement Liability Adjustment - Net of Tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-139.00K	USD	1 Quarter
Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$261.00K	USD	1 Quarter
Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$121.00K	USD	3 Qtrs
Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$423.00K	USD	1 Quarter
Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-3.12M	USD	3 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$7.42M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$21.00M	USD	3 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$13.10M	USD	3 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$5.35M	USD	1 Quarter

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