10-Q Filing

ASTRONICS CORP CIK: 8063 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001628280-15-006448`
Period End Date	20150630
Filing Date	20150811
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	atro-20150704.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 44 Cash Flow Statement 68 Comprehensive Income 24

Balance Sheet 48 line items

Line Item	Tag	Value	Unit	Period
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$21.20M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$20.82M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$23.77M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$54.63M	USD	Point-in-time
Accounts Receivable, Net of Allowance for Doubtful Accounts	`AccountsReceivableNetCurrent`	$98.84M	USD	Point-in-time
Accounts Receivable, Net of Allowance for Doubtful Accounts	`AccountsReceivableNetCurrent`	$88.89M	USD	Point-in-time
Inventories	`InventoryNet`	$133.42M	USD	Point-in-time
Inventories	`InventoryNet`	$115.05M	USD	Point-in-time
Prepaid Expenses and Other Current Assets	`PrepaidExpenseAndOtherAssetsCurrent`	$18.06M	USD	Point-in-time
Prepaid Expenses and Other Current Assets	`PrepaidExpenseAndOtherAssetsCurrent`	$20.68M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$274.08M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$245.82M	USD	Point-in-time
Property, Plant and Equipment, Net of Accumulated Depreciation	`PropertyPlantAndEquipmentNet`	$126.33M	USD	Point-in-time
Property, Plant and Equipment, Net of Accumulated Depreciation	`PropertyPlantAndEquipmentNet`	$116.32M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$5.63M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$8.99M	USD	Point-in-time
Intangible Assets, Net of Accumulated Amortization	`IntangibleAssetsNetExcludingGoodwill`	$114.23M	USD	Point-in-time
Intangible Assets, Net of Accumulated Amortization	`IntangibleAssetsNetExcludingGoodwill`	$94.99M	USD	Point-in-time
Goodwill	`Goodwill`	$114.58M	USD	Point-in-time
Goodwill	`Goodwill`	$100.15M	USD	Point-in-time
Total Assets	`Assets`	$562.91M	USD	Point-in-time
Total Assets	`Assets`	$638.21M	USD	Point-in-time
Current Maturities of Long-term Debt	`LongTermDebtCurrent`	$2.80M	USD	Point-in-time
Current Maturities of Long-term Debt	`LongTermDebtCurrent`	$2.70M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$27.90M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$38.61M	USD	Point-in-time
Accrued Expenses and Other Current Liabilities	`OtherLiabilitiesCurrent`	$33.47M	USD	Point-in-time
Accrued Expenses and Other Current Liabilities	`OtherLiabilitiesCurrent`	$36.00M	USD	Point-in-time
Customer Advance Payments and Deferred Revenue	`DeferredRevenueAndCreditsCurrent`	$32.59M	USD	Point-in-time
Customer Advance Payments and Deferred Revenue	`DeferredRevenueAndCreditsCurrent`	$45.05M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$109.89M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$109.22M	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	$228.47M	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	$180.21M	USD	Point-in-time
Other Liabilities	`OtherLiabilitiesNoncurrent`	$45.30M	USD	Point-in-time
Other Liabilities	`OtherLiabilitiesNoncurrent`	$43.70M	USD	Point-in-time
Total Liabilities	`Liabilities`	$382.06M	USD	Point-in-time
Total Liabilities	`Liabilities`	$334.73M	USD	Point-in-time
Common Stock	`CommonStockValue`	$219.00K	USD	Point-in-time
Common Stock	`CommonStockValue`	$222.00K	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-11.95M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-14.84M	USD	Point-in-time
Other Shareholders Equity	`OtherShareholdersEquity`	$270.77M	USD	Point-in-time
Other Shareholders Equity	`OtherShareholdersEquity`	$239.91M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$228.18M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$256.15M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$562.91M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$638.21M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueGoodsNet`	$315.51M	USD	2 Qtrs
Sales	`SalesRevenueGoodsNet`	$173.16M	USD	1 Quarter
Sales	`SalesRevenueGoodsNet`	$334.79M	USD	2 Qtrs
Sales	`SalesRevenueGoodsNet`	$174.56M	USD	1 Quarter
Cost of Products Sold	`CostOfGoodsSold`	$245.18M	USD	2 Qtrs
Cost of Products Sold	`CostOfGoodsSold`	$131.36M	USD	1 Quarter
Cost of Products Sold	`CostOfGoodsSold`	$242.31M	USD	2 Qtrs
Cost of Products Sold	`CostOfGoodsSold`	$123.70M	USD	1 Quarter
Gross Profit	`GrossProfit`	$43.20M	USD	1 Quarter
Gross Profit	`GrossProfit`	$73.21M	USD	2 Qtrs
Gross Profit	`GrossProfit`	$49.45M	USD	1 Quarter
Gross Profit	`GrossProfit`	$89.61M	USD	2 Qtrs
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$37.10M	USD	2 Qtrs
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$21.30M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$43.92M	USD	2 Qtrs
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$20.72M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$28.16M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$22.48M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$45.70M	USD	2 Qtrs
Income from Operations	`OperatingIncomeLoss`	$36.11M	USD	2 Qtrs
Interest Expense, Net of Interest Income	`InterestIncomeExpenseNet`	$-2.56M	USD	1 Quarter
Interest Expense, Net of Interest Income	`InterestIncomeExpenseNet`	$-4.88M	USD	2 Qtrs
Interest Expense, Net of Interest Income	`InterestIncomeExpenseNet`	$-1.11M	USD	1 Quarter
Interest Expense, Net of Interest Income	`InterestIncomeExpenseNet`	$-2.36M	USD	2 Qtrs
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$43.34M	USD	2 Qtrs
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$19.92M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$27.04M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$31.23M	USD	2 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$10.57M	USD	2 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$9.35M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$14.97M	USD	2 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$6.78M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$28.37M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$17.69M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$13.14M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$20.65M	USD	2 Qtrs
Basic (in usd per share)	`EarningsPerShareBasic`	$0.80	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$1.29	USD	2 Qtrs
Basic (in usd per share)	`EarningsPerShareBasic`	$0.96	USD	2 Qtrs
Basic (in usd per share)	`EarningsPerShareBasic`	$0.61	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.91	USD	2 Qtrs
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.77	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$1.24	USD	2 Qtrs
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.58	USD	1 Quarter

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$28.37M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$17.69M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$13.14M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$20.65M	USD	2 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$12.54M	USD	2 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$10.31M	USD	2 Qtrs
Provisions for Non-Cash Losses on Inventory and Receivables	`ProvisionForNonCashLossesOnInventoryAndReceivables`	$510.00K	USD	2 Qtrs
Provisions for Non-Cash Losses on Inventory and Receivables	`ProvisionForNonCashLossesOnInventoryAndReceivables`	$957.00K	USD	2 Qtrs
Stock Compensation Expense	`ShareBasedCompensation`	$866.00K	USD	2 Qtrs
Stock Compensation Expense	`ShareBasedCompensation`	$1.14M	USD	2 Qtrs
Deferred Tax Benefit	`DeferredIncomeTaxExpenseBenefit`	$-2.77M	USD	2 Qtrs
Deferred Tax Benefit	`DeferredIncomeTaxExpenseBenefit`	$-576.00K	USD	2 Qtrs
Non-Cash Earnout Liability Adjustment	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-83.00K	USD	2 Qtrs
Non-Cash Earnout Liability Adjustment	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-1.27M	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-158.00K	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$565.00K	USD	2 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$3.80M	USD	2 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$33.72M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$16.79M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-17.74M	USD	2 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$9.19M	USD	2 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$3.70M	USD	2 Qtrs
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$760.00K	USD	2 Qtrs
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$-857.00K	USD	2 Qtrs
Other Current Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$352.00K	USD	2 Qtrs
Other Current Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$1.32M	USD	2 Qtrs
Customer Advanced Payments and Deferred Revenue	`IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits`	$-13.29M	USD	2 Qtrs
Customer Advanced Payments and Deferred Revenue	`IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits`	$3.85M	USD	2 Qtrs
Income Taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$4.61M	USD	2 Qtrs
Income Taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$2.68M	USD	2 Qtrs
Supplemental Retirement and Other Liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$820.00K	USD	2 Qtrs
Supplemental Retirement and Other Liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$615.00K	USD	2 Qtrs
Cash Provided By Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$23.23M	USD	2 Qtrs
Cash Provided By Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$20.88M	USD	2 Qtrs
Acquisition of Business, Net of Cash Acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$67.85M	USD	2 Qtrs
Acquisition of Business, Net of Cash Acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$52.62M	USD	2 Qtrs
Capital Expenditures	`PaymentsToAcquireProductiveAssets`	$12.28M	USD	2 Qtrs
Capital Expenditures	`PaymentsToAcquireProductiveAssets`	$23.09M	USD	2 Qtrs
Other Investing Activities	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	2 Qtrs
Other Investing Activities	`PaymentsForProceedsFromOtherInvestingActivities`	$2.68M	USD	2 Qtrs
Cash Used For Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-67.57M	USD	2 Qtrs
Cash Used For Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-90.94M	USD	2 Qtrs
Proceeds from Long-term Debt	`ProceedsFromIssuanceOfLongTermDebt`	$58.15M	USD	2 Qtrs
Proceeds from Long-term Debt	`ProceedsFromIssuanceOfLongTermDebt`	$55.00M	USD	2 Qtrs
Payments for Long-term Debt	`RepaymentsOfLongTermDebt`	$6.33M	USD	2 Qtrs
Payments for Long-term Debt	`RepaymentsOfLongTermDebt`	$25.88M	USD	2 Qtrs
Debt Acquisition Costs	`PaymentsOfDebtIssuanceCosts`	-	USD	2 Qtrs
Debt Acquisition Costs	`PaymentsOfDebtIssuanceCosts`	$280.00K	USD	2 Qtrs
Acquisition Earnout Payments	`PaymentsForPreviousAcquisition`	$42.00K	USD	2 Qtrs
Acquisition Earnout Payments	`PaymentsForPreviousAcquisition`	$2.00K	USD	2 Qtrs
Proceeds from Exercise of Stock Options	`ProceedsFromStockOptionsExercised`	$638.00K	USD	2 Qtrs
Proceeds from Exercise of Stock Options	`ProceedsFromStockOptionsExercised`	$804.00K	USD	2 Qtrs
Income Tax Benefit from Exercise of Stock Options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$708.00K	USD	2 Qtrs
Income Tax Benefit from Exercise of Stock Options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.26M	USD	2 Qtrs
Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$34.01M	USD	2 Qtrs
Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$50.01M	USD	2 Qtrs
Effect of Exchange Rates on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-108.00K	USD	2 Qtrs
Effect of Exchange Rates on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-748.00K	USD	2 Qtrs
Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.57M	USD	2 Qtrs
Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-33.81M	USD	2 Qtrs
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$21.20M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$20.82M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$23.77M	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`	$21.20M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$20.82M	USD	Point-in-time
Cash and Cash Equivalents at End of Period	`CashAndCashEquivalentsAtCarryingValue`	$23.77M	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`	$28.37M	USD	2 Qtrs
Net Income	`NetIncomeLoss`	$17.69M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$13.14M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$20.65M	USD	2 Qtrs
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$432.00K	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.21M	USD	2 Qtrs
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-568.00K	USD	2 Qtrs
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-182.00K	USD	1 Quarter
Change in Accumulated Loss on Derivatives Net of Tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-8.00K	USD	2 Qtrs
Change in Accumulated Loss on Derivatives Net of Tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	-	USD	2 Qtrs
Change in Accumulated Loss on Derivatives Net of Tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-28.00K	USD	1 Quarter
Change in Accumulated Loss on Derivatives Net of Tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	-	USD	1 Quarter
Retirement Liability Adjustment Net of Tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-323.00K	USD	2 Qtrs
Retirement Liability Adjustment Net of Tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-106.00K	USD	1 Quarter
Retirement Liability Adjustment Net of Tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-208.00K	USD	2 Qtrs
Retirement Liability Adjustment Net of Tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-162.00K	USD	1 Quarter
Other Comprehensive (Loss) Income	`OtherComprehensiveIncomeLossNetOfTax`	$-104.00K	USD	1 Quarter
Other Comprehensive (Loss) Income	`OtherComprehensiveIncomeLossNetOfTax`	$-2.89M	USD	2 Qtrs
Other Comprehensive (Loss) Income	`OtherComprehensiveIncomeLossNetOfTax`	$-368.00K	USD	2 Qtrs
Other Comprehensive (Loss) Income	`OtherComprehensiveIncomeLossNetOfTax`	$594.00K	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$13.04M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$18.28M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$20.28M	USD	2 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$25.48M	USD	2 Qtrs

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