10-Q Filing

ASTRONICS CORP CIK: 8063 Q3 2014

Filing Information

Form Type	10-Q
Accession Number	`0001193125-14-396303`
Period End Date	20140930
Filing Date	20141104
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	atro-20140927.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 51 Income Statement 44 Cash Flow Statement 62 Comprehensive Income 24

Balance Sheet 51 line items

Line Item	Tag	Value	Unit	Period
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.38M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$68.19M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$24.93M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$54.63M	USD	Point-in-time
Accounts Receivable, net of allowance for doubtful accounts	`AccountsReceivableNetCurrent`	$60.94M	USD	Point-in-time
Accounts Receivable, net of allowance for doubtful accounts	`AccountsReceivableNetCurrent`	$111.90M	USD	Point-in-time
Inventories	`InventoryNet`	$85.27M	USD	Point-in-time
Inventories	`InventoryNet`	$126.56M	USD	Point-in-time
Prepaid Expenses and Other Current Assets	`PrepaidExpenseAndOtherAssetsCurrent`	$10.35M	USD	Point-in-time
Prepaid Expenses and Other Current Assets	`PrepaidExpenseAndOtherAssetsCurrent`	$14.15M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$211.20M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$277.54M	USD	Point-in-time
Property, Plant and Equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$111.36M	USD	Point-in-time
Property, Plant and Equipment, net of accumulated depreciation	`PropertyPlantAndEquipmentNet`	$70.90M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$6.18M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$5.47M	USD	Point-in-time
Intangible Assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$95.28M	USD	Point-in-time
Intangible Assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$102.70M	USD	Point-in-time
Goodwill	`Goodwill`	$101.00M	USD	Point-in-time
Goodwill	`Goodwill`	$100.54M	USD	Point-in-time
Total Assets	`Assets`	$590.91M	USD	Point-in-time
Total Assets	`Assets`	$491.27M	USD	Point-in-time
Current Maturities of Long-term Debt	`LongTermDebtCurrent`	$10.24M	USD	Point-in-time
Current Maturities of Long-term Debt	`LongTermDebtCurrent`	$12.28M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$43.53M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$25.25M	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$32.97M	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesCurrent`	$24.67M	USD	Point-in-time
Accrued Income Taxes	`AccruedIncomeTaxesCurrent`	$1.32M	USD	Point-in-time
Accrued Income Taxes	`AccruedIncomeTaxesCurrent`	$3.35M	USD	Point-in-time
Customer Advance Payments and Deferred Revenue	`DeferredRevenueAndCreditsCurrent`	$20.75M	USD	Point-in-time
Customer Advance Payments and Deferred Revenue	`DeferredRevenueAndCreditsCurrent`	$45.62M	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesCurrent`	$970.00K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$85.24M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$135.72M	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	$188.04M	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	$202.40M	USD	Point-in-time
Other Liabilities	`OtherLiabilitiesNoncurrent`	$41.52M	USD	Point-in-time
Other Liabilities	`OtherLiabilitiesNoncurrent`	$46.48M	USD	Point-in-time
Total Liabilities	`Liabilities`	$379.64M	USD	Point-in-time
Total Liabilities	`Liabilities`	$319.76M	USD	Point-in-time
Common Stock	`CommonStockValue`	$214.00K	USD	Point-in-time
Common Stock	`CommonStockValue`	$218.00K	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-3.61M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.22M	USD	Point-in-time
Other Shareholders' Equity	`OtherShareholdersEquity`	$217.27M	USD	Point-in-time
Other Shareholders' Equity	`OtherShareholdersEquity`	$174.91M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$171.51M	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$211.27M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$590.91M	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$491.27M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueGoodsNet`	$494.96M	USD	3 Qtrs
Sales	`SalesRevenueGoodsNet`	$234.48M	USD	3 Qtrs
Sales	`SalesRevenueGoodsNet`	$179.44M	USD	1 Quarter
Sales	`SalesRevenueGoodsNet`	$89.68M	USD	1 Quarter
Cost of Products Sold	`CostOfGoodsSold`	$65.90M	USD	1 Quarter
Cost of Products Sold	`CostOfGoodsSold`	$128.13M	USD	1 Quarter
Cost of Products Sold	`CostOfGoodsSold`	$370.44M	USD	3 Qtrs
Cost of Products Sold	`CostOfGoodsSold`	$171.80M	USD	3 Qtrs
Gross Profit	`GrossProfit`	$51.31M	USD	1 Quarter
Gross Profit	`GrossProfit`	$62.69M	USD	3 Qtrs
Gross Profit	`GrossProfit`	$124.52M	USD	3 Qtrs
Gross Profit	`GrossProfit`	$23.79M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$31.29M	USD	3 Qtrs
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$62.64M	USD	3 Qtrs
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$25.54M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$11.43M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$31.39M	USD	3 Qtrs
Income from Operations	`OperatingIncomeLoss`	$12.35M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$61.88M	USD	3 Qtrs
Income from Operations	`OperatingIncomeLoss`	$25.77M	USD	1 Quarter
Interest Expense, net of interest income	`InterestIncomeExpenseNet`	$-2.08M	USD	3 Qtrs
Interest Expense, net of interest income	`InterestIncomeExpenseNet`	$-1.60M	USD	1 Quarter
Interest Expense, net of interest income	`InterestIncomeExpenseNet`	$-7.18M	USD	3 Qtrs
Interest Expense, net of interest income	`InterestIncomeExpenseNet`	$-2.30M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$23.47M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$29.31M	USD	3 Qtrs
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$54.70M	USD	3 Qtrs
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$10.75M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$3.59M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$16.96M	USD	3 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$6.39M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$8.43M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$17.08M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$20.88M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$37.73M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$7.16M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.79	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.00	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.34	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.74	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$1.67	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.75	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.32	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.95	USD	3 Qtrs

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$17.08M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$20.88M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$37.73M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$7.16M	USD	1 Quarter
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$6.55M	USD	3 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$21.17M	USD	3 Qtrs
Provisions for Non-Cash Losses on Inventory and Receivables	`ProvisionForNonCashLossesOnInventoryAndReceivables`	$381.00K	USD	3 Qtrs
Provisions for Non-Cash Losses on Inventory and Receivables	`ProvisionForNonCashLossesOnInventoryAndReceivables`	$733.00K	USD	3 Qtrs
Stock Compensation Expense	`ShareBasedCompensation`	$1.05M	USD	3 Qtrs
Stock Compensation Expense	`ShareBasedCompensation`	$1.30M	USD	3 Qtrs
Deferred Tax (Benefit) Expense	`DeferredIncomeTaxExpenseBenefit`	$-4.60M	USD	3 Qtrs
Deferred Tax (Benefit) Expense	`DeferredIncomeTaxExpenseBenefit`	$1.11M	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$1.09M	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$863.00K	USD	3 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$-4.80M	USD	3 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$41.56M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-16.18M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$3.67M	USD	3 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$3.79M	USD	3 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$7.92M	USD	3 Qtrs
Other Current Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$590.00K	USD	3 Qtrs
Other Current Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-5.20M	USD	3 Qtrs
Customer Advanced Payments and Deferred Revenue	`IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits`	$-1.58M	USD	3 Qtrs
Customer Advanced Payments and Deferred Revenue	`IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits`	$22.59M	USD	3 Qtrs
Income Taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$2.05M	USD	3 Qtrs
Income Taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.45M	USD	3 Qtrs
Supplemental Retirement and Other Liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$838.00K	USD	3 Qtrs
Supplemental Retirement and Other Liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$921.00K	USD	3 Qtrs
Cash Provided By Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$34.15M	USD	3 Qtrs
Cash Provided By Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$68.55M	USD	3 Qtrs
Acquisition of Business, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$135.90M	USD	3 Qtrs
Acquisition of Business, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$70.03M	USD	3 Qtrs
Capital Expenditures	`PaymentsToAcquireProductiveAssets`	$4.83M	USD	3 Qtrs
Capital Expenditures	`PaymentsToAcquireProductiveAssets`	$29.97M	USD	3 Qtrs
Cash Used For Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-100.00M	USD	3 Qtrs
Cash Used For Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-140.73M	USD	3 Qtrs
Proceeds from Long Term Debt	`ProceedsFromIssuanceOfLongTermDebt`	$245.41M	USD	3 Qtrs
Proceeds from Long Term Debt	`ProceedsFromIssuanceOfLongTermDebt`	$190.00M	USD	3 Qtrs
Payments for Long-term Debt	`ProceedsFromRepaymentsOfDebt`	$-21.29M	USD	3 Qtrs
Payments for Long-term Debt	`ProceedsFromRepaymentsOfDebt`	$-245.76M	USD	3 Qtrs
Debt Acquisition Costs	`PaymentsOfDebtIssuanceCosts`	$573.00K	USD	3 Qtrs
Debt Acquisition Costs	`PaymentsOfDebtIssuanceCosts`	$2.29M	USD	3 Qtrs
Acquisition Earnout Payments	`PaymentsForPreviousAcquisition`	$81.00K	USD	3 Qtrs
Acquisition Earnout Payments	`PaymentsForPreviousAcquisition`	$37.00K	USD	3 Qtrs
Proceeds from Exercise of Stock Options	`ProceedsFromStockOptionsExercised`	$408.00K	USD	3 Qtrs
Proceeds from Exercise of Stock Options	`ProceedsFromStockOptionsExercised`	$1.29M	USD	3 Qtrs
Income Tax Benefit from Exercise of Stock Options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$2.04M	USD	3 Qtrs
Income Tax Benefit from Exercise of Stock Options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$649.00K	USD	3 Qtrs
Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$2.37M	USD	3 Qtrs
Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$167.39M	USD	3 Qtrs
Effect of Exchange Rates on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-631.00K	USD	3 Qtrs
Effect of Exchange Rates on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-5.00K	USD	3 Qtrs
(Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-29.71M	USD	3 Qtrs
(Decrease) Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$60.81M	USD	3 Qtrs
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$7.38M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$68.19M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$24.93M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$54.63M	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`	$68.19M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$24.93M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$54.63M	USD	Point-in-time

Comprehensive Income 24 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$17.08M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$20.88M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$37.73M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$7.16M	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-260.00K	USD	3 Qtrs
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.38M	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.94M	USD	3 Qtrs
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$129.00K	USD	1 Quarter
Change in Accumulated Income on Derivatives - net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$65.00K	USD	3 Qtrs
Change in Accumulated Income on Derivatives - net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$19.00K	USD	3 Qtrs
Change in Accumulated Income on Derivatives - net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$27.00K	USD	1 Quarter
Change in Accumulated Income on Derivatives - net of tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$27.00K	USD	1 Quarter
Retirement Liability Adjustment - net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-316.00K	USD	3 Qtrs
Retirement Liability Adjustment - net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-105.00K	USD	1 Quarter
Retirement Liability Adjustment - net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-318.00K	USD	3 Qtrs
Retirement Liability Adjustment - net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-110.00K	USD	1 Quarter
Other Comprehensive (Loss) Income	`OtherComprehensiveIncomeLossNetOfTax`	$121.00K	USD	3 Qtrs
Other Comprehensive (Loss) Income	`OtherComprehensiveIncomeLossNetOfTax`	$-2.61M	USD	3 Qtrs
Other Comprehensive (Loss) Income	`OtherComprehensiveIncomeLossNetOfTax`	$261.00K	USD	1 Quarter
Other Comprehensive (Loss) Income	`OtherComprehensiveIncomeLossNetOfTax`	$-2.24M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$21.00M	USD	3 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$7.42M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$14.84M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$35.12M	USD	3 Qtrs

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