10-Q Filing

ASTRONICS CORP CIK: 8063 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001628280-15-008610`
Period End Date	20150930
Filing Date	20151110
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	atro-20151003.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`	$24.93M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$21.20M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$22.43M	USD	Point-in-time
Cash and Cash Equivalents	`CashAndCashEquivalentsAtCarryingValue`	$54.63M	USD	Point-in-time
Accounts Receivable, Net of Allowance for Doubtful Accounts	`AccountsReceivableNetCurrent`	$88.89M	USD	Point-in-time
Accounts Receivable, Net of Allowance for Doubtful Accounts	`AccountsReceivableNetCurrent`	$124.66M	USD	Point-in-time
Inventories	`InventoryNet`	$115.05M	USD	Point-in-time
Inventories	`InventoryNet`	$119.81M	USD	Point-in-time
Prepaid Expenses and Other Current Assets	`PrepaidExpenseAndOtherAssetsCurrent`	$20.68M	USD	Point-in-time
Prepaid Expenses and Other Current Assets	`PrepaidExpenseAndOtherAssetsCurrent`	$19.50M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$286.41M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$245.82M	USD	Point-in-time
Property, Plant and Equipment, Net of Accumulated Depreciation	`PropertyPlantAndEquipmentNet`	$125.94M	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`	$8.91M	USD	Point-in-time
Intangible Assets, Net of Accumulated Amortization	`IntangibleAssetsNetExcludingGoodwill`	$111.20M	USD	Point-in-time
Intangible Assets, Net of Accumulated Amortization	`IntangibleAssetsNetExcludingGoodwill`	$94.99M	USD	Point-in-time
Goodwill	`Goodwill`	$115.94M	USD	Point-in-time
Goodwill	`Goodwill`	$100.15M	USD	Point-in-time
Total Assets	`Assets`	$648.39M	USD	Point-in-time
Total Assets	`Assets`	$562.91M	USD	Point-in-time
Current Maturities of Long-term Debt	`LongTermDebtCurrent`	$2.75M	USD	Point-in-time
Current Maturities of Long-term Debt	`LongTermDebtCurrent`	$2.80M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$27.76M	USD	Point-in-time
Accounts Payable	`AccountsPayableCurrent`	$27.90M	USD	Point-in-time
Accrued Expenses and Other Current Liabilities	`OtherLiabilitiesCurrent`	$33.47M	USD	Point-in-time
Accrued Expenses and Other Current Liabilities	`OtherLiabilitiesCurrent`	$42.08M	USD	Point-in-time
Customer Advance Payments and Deferred Revenue	`DeferredRevenueAndCreditsCurrent`	$40.56M	USD	Point-in-time
Customer Advance Payments and Deferred Revenue	`DeferredRevenueAndCreditsCurrent`	$45.05M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$113.15M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$109.22M	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	$205.79M	USD	Point-in-time
Long-term Debt	`LongTermDebtNoncurrent`	$180.21M	USD	Point-in-time
Other Liabilities	`OtherLiabilitiesNoncurrent`	$45.47M	USD	Point-in-time
Other Liabilities	`OtherLiabilitiesNoncurrent`	$45.30M	USD	Point-in-time
Total Liabilities	`Liabilities`	$364.41M	USD	Point-in-time
Total Liabilities	`Liabilities`	$334.73M	USD	Point-in-time
Common Stock	`CommonStockValue`	$255.00K	USD	Point-in-time
Common Stock	`CommonStockValue`	$252.00K	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-14.88M	USD	Point-in-time
Accumulated Other Comprehensive Loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-11.95M	USD	Point-in-time
Other Shareholders Equity	`OtherShareholdersEquity`	$239.87M	USD	Point-in-time
Other Shareholders Equity	`OtherShareholdersEquity`	$298.61M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$228.18M	USD	Point-in-time
Total Shareholders Equity	`StockholdersEquity`	$283.99M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$648.39M	USD	Point-in-time
Total Liabilities and Shareholders Equity	`LiabilitiesAndStockholdersEquity`	$562.91M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueGoodsNet`	$179.44M	USD	1 Quarter
Sales	`SalesRevenueGoodsNet`	$534.94M	USD	3 Qtrs
Sales	`SalesRevenueGoodsNet`	$494.96M	USD	3 Qtrs
Sales	`SalesRevenueGoodsNet`	$200.15M	USD	1 Quarter
Cost of Products Sold	`CostOfGoodsSold`	$140.72M	USD	1 Quarter
Cost of Products Sold	`CostOfGoodsSold`	$385.90M	USD	3 Qtrs
Cost of Products Sold	`CostOfGoodsSold`	$370.44M	USD	3 Qtrs
Cost of Products Sold	`CostOfGoodsSold`	$128.13M	USD	1 Quarter
Gross Profit	`GrossProfit`	$59.43M	USD	1 Quarter
Gross Profit	`GrossProfit`	$124.52M	USD	3 Qtrs
Gross Profit	`GrossProfit`	$149.04M	USD	3 Qtrs
Gross Profit	`GrossProfit`	$51.31M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$22.30M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$25.54M	USD	1 Quarter
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$62.64M	USD	3 Qtrs
Selling, General and Administrative Expenses	`SellingGeneralAndAdministrativeExpense`	$66.21M	USD	3 Qtrs
Income from Operations	`OperatingIncomeLoss`	$61.88M	USD	3 Qtrs
Income from Operations	`OperatingIncomeLoss`	$25.77M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$37.13M	USD	1 Quarter
Income from Operations	`OperatingIncomeLoss`	$82.83M	USD	3 Qtrs
Interest Expense, Net of Interest Income	`InterestIncomeExpenseNet`	$-1.24M	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
Interest Expense, Net of Interest Income	`InterestIncomeExpenseNet`	$-3.60M	USD	3 Qtrs
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$54.70M	USD	3 Qtrs
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$79.23M	USD	3 Qtrs
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$35.89M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$23.47M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$6.39M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$16.96M	USD	3 Qtrs
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$11.19M	USD	1 Quarter
Provision for Income Taxes	`IncomeTaxExpenseBenefit`	$26.16M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$24.69M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$17.08M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$37.73M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$53.07M	USD	3 Qtrs
Basic (in usd per share)	`EarningsPerShareBasic`	$1.51	USD	3 Qtrs
Basic (in usd per share)	`EarningsPerShareBasic`	$0.97	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$0.68	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$2.09	USD	3 Qtrs
Diluted (in usd per share)	`EarningsPerShareDiluted`	$1.45	USD	3 Qtrs
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.65	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.94	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$2.02	USD	3 Qtrs

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$24.69M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$17.08M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$37.73M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$53.07M	USD	3 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$21.17M	USD	3 Qtrs
Depreciation and Amortization	`DepreciationDepletionAndAmortization`	$18.83M	USD	3 Qtrs
Provisions for Non-Cash Losses on Inventory and Receivables	`ProvisionForNonCashLossesOnInventoryAndReceivables`	$1.51M	USD	3 Qtrs
Provisions for Non-Cash Losses on Inventory and Receivables	`ProvisionForNonCashLossesOnInventoryAndReceivables`	$733.00K	USD	3 Qtrs
Stock Compensation Expense	`ShareBasedCompensation`	$1.74M	USD	3 Qtrs
Stock Compensation Expense	`ShareBasedCompensation`	$1.30M	USD	3 Qtrs
Deferred Tax Benefit	`DeferredIncomeTaxExpenseBenefit`	$-4.60M	USD	3 Qtrs
Deferred Tax Benefit	`DeferredIncomeTaxExpenseBenefit`	$-243.00K	USD	3 Qtrs
Non-Cash Earnout Liability Adjustment	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-1.58M	USD	3 Qtrs
Non-Cash Earnout Liability Adjustment	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$-477.00K	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$-21.00K	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$618.00K	USD	3 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$41.56M	USD	3 Qtrs
Accounts Receivable	`IncreaseDecreaseInAccountsReceivable`	$29.80M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-16.18M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$4.80M	USD	3 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$7.92M	USD	3 Qtrs
Accounts Payable	`IncreaseDecreaseInAccountsPayable`	$-1.66M	USD	3 Qtrs
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$7.66M	USD	3 Qtrs
Accrued Expenses	`IncreaseDecreaseInAccruedLiabilities`	$5.66M	USD	3 Qtrs
Other Current Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$2.46M	USD	3 Qtrs
Other Current Assets and Liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$498.00K	USD	3 Qtrs
Customer Advanced Payments and Deferred Revenue	`IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits`	$22.59M	USD	3 Qtrs
Customer Advanced Payments and Deferred Revenue	`IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits`	$-5.40M	USD	3 Qtrs
Income Taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$2.05M	USD	3 Qtrs
Income Taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$5.07M	USD	3 Qtrs
Supplemental Retirement and Other Liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$1.24M	USD	3 Qtrs
Supplemental Retirement and Other Liabilities	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$921.00K	USD	3 Qtrs
Cash Provided By Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$68.55M	USD	3 Qtrs
Cash Provided By Operating Activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$43.17M	USD	3 Qtrs
Acquisition of Business, Net of Cash Acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$70.03M	USD	3 Qtrs
Acquisition of Business, Net of Cash Acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$52.61M	USD	3 Qtrs
Capital Expenditures	`PaymentsToAcquireProductiveAssets`	$29.97M	USD	3 Qtrs
Capital Expenditures	`PaymentsToAcquireProductiveAssets`	$15.86M	USD	3 Qtrs
Other Investing Activities	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	3 Qtrs
Other Investing Activities	`PaymentsForProceedsFromOtherInvestingActivities`	$2.68M	USD	3 Qtrs
Cash Used For Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-100.00M	USD	3 Qtrs
Cash Used For Investing Activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-71.14M	USD	3 Qtrs
Proceeds from Long-term Debt	`ProceedsFromIssuanceOfLongTermDebt`	$245.41M	USD	3 Qtrs
Proceeds from Long-term Debt	`ProceedsFromIssuanceOfLongTermDebt`	$55.00M	USD	3 Qtrs
Payments for Long-term Debt	`RepaymentsOfLongTermDebt`	$245.76M	USD	3 Qtrs
Payments for Long-term Debt	`RepaymentsOfLongTermDebt`	$29.01M	USD	3 Qtrs
Debt Acquisition Costs	`PaymentsOfDebtIssuanceCosts`	$573.00K	USD	3 Qtrs
Debt Acquisition Costs	`PaymentsOfDebtIssuanceCosts`	-	USD	3 Qtrs
Acquisition Earnout Payments	`PaymentsForPreviousAcquisition`	$37.00K	USD	3 Qtrs
Acquisition Earnout Payments	`PaymentsForPreviousAcquisition`	$2.00K	USD	3 Qtrs
Proceeds from Exercise of Stock Options	`ProceedsFromStockOptionsExercised`	$3.31M	USD	3 Qtrs
Proceeds from Exercise of Stock Options	`ProceedsFromStockOptionsExercised`	$1.29M	USD	3 Qtrs
Income Tax Benefit from Exercise of Stock Options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$619.00K	USD	3 Qtrs
Income Tax Benefit from Exercise of Stock Options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$2.04M	USD	3 Qtrs
Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$2.37M	USD	3 Qtrs
Cash Provided By Financing Activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$29.92M	USD	3 Qtrs
Effect of Exchange Rates on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-715.00K	USD	3 Qtrs
Effect of Exchange Rates on Cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-631.00K	USD	3 Qtrs
Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-29.71M	USD	3 Qtrs
Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.24M	USD	3 Qtrs
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$24.93M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$21.20M	USD	Point-in-time
Cash and Cash Equivalents at Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$22.43M	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`	$24.93M	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`	$22.43M	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`	$24.69M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$17.08M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$37.73M	USD	3 Qtrs
Net Income	`NetIncomeLoss`	$53.07M	USD	3 Qtrs
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.41M	USD	3 Qtrs
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-196.00K	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.38M	USD	1 Quarter
Foreign Currency Translation Adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.94M	USD	3 Qtrs
Change in Accumulated Loss on Derivatives Net of Tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	-	USD	1 Quarter
Change in Accumulated Loss on Derivatives Net of Tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	-	USD	3 Qtrs
Change in Accumulated Loss on Derivatives Net of Tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$19.00K	USD	3 Qtrs
Change in Accumulated Loss on Derivatives Net of Tax	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$27.00K	USD	1 Quarter
Retirement Liability Adjustment Net of Tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-110.00K	USD	1 Quarter
Retirement Liability Adjustment Net of Tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-484.00K	USD	3 Qtrs
Retirement Liability Adjustment Net of Tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-318.00K	USD	3 Qtrs
Retirement Liability Adjustment Net of Tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-161.00K	USD	1 Quarter
Other Comprehensive (Loss) Income	`OtherComprehensiveIncomeLossNetOfTax`	$-2.61M	USD	3 Qtrs
Other Comprehensive (Loss) Income	`OtherComprehensiveIncomeLossNetOfTax`	$-35.00K	USD	1 Quarter
Other Comprehensive (Loss) Income	`OtherComprehensiveIncomeLossNetOfTax`	$-2.93M	USD	3 Qtrs
Other Comprehensive (Loss) Income	`OtherComprehensiveIncomeLossNetOfTax`	$-2.24M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$24.66M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$50.14M	USD	3 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$35.12M	USD	3 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$14.84M	USD	1 Quarter

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