$ATRO
ASTRONICS CORP Stock $atro

$atro Overview Financials Valuation SEC Filings Company Website

2016 Q2 Form 10-Q Financial Statement

#000000806316000005 Filed on May 05, 2016

Income Statement

Concept	2016 Q2	2015 Q2
Revenue	$159.5M	$161.6M
YoY Change	-1.3%	-7.4%
Cost Of Revenue	$120.0M	$121.5M
YoY Change	-1.18%	-7.53%
Gross Profit	$39.48M	$40.16M
YoY Change	-1.69%	-7.04%
Gross Profit Margin	24.75%	24.85%
Selling, General & Admin	$21.88M	$22.62M
YoY Change	-3.25%	9.16%
% of Gross Profit	55.43%	56.32%
Research & Development	$23.30M	$22.20M
YoY Change	4.95%	7.77%
% of Gross Profit	59.01%	55.28%
Depreciation & Amortization	$6.546M	$6.127M
YoY Change	6.84%	12.01%
% of Gross Profit	16.58%	15.26%
Operating Expenses	$45.18M	$44.82M
YoY Change	0.81%	8.47%
Operating Profit	$17.60M	$17.54M
YoY Change	0.32%	-21.97%
Interest Expense	-$1.100M	-$1.200M
YoY Change	-8.33%	-53.85%
% of Operating Profit	-6.25%	-6.84%
Other Income/Expense, Net
YoY Change
Pretax Income	$16.51M	$16.30M
YoY Change	1.32%	-18.2%
Income Tax	$5.027M	$5.614M
% Of Pretax Income	30.44%	34.45%
Net Earnings	$11.49M	$10.68M
YoY Change	7.51%	-18.72%
Net Earnings / Revenue	7.2%	6.61%
Basic Earnings Per Share	$0.39	$0.37
Diluted Earnings Per Share	$0.38	$0.35
COMMON SHARES
Basic Shares Outstanding	29.40M shares	25.31M shares
Diluted Shares Outstanding	30.36M shares	26.23M shares

Balance Sheet

Concept	2016 Q2	2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$15.80M	$22.60M
YoY Change	-30.09%	8.65%
Cash & Equivalents	$15.79M	$22.56M
Short-Term Investments
Other Short-Term Assets	$16.40M	$17.60M
YoY Change	-6.82%	25.71%
Inventory	$118.7M	$120.8M
Prepaid Expenses
Receivables	$106.2M	$76.35M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$257.0M	$237.3M
YoY Change	8.31%	-11.19%
LONG-TERM ASSETS
Property, Plant & Equipment	$124.0M	$124.9M
YoY Change	-0.76%	13.4%
Goodwill	$115.7M	$119.6M
YoY Change	-3.25%	16.45%
Intangibles	$105.6M	$112.0M
YoY Change	-5.71%	15.55%
Long-Term Investments
YoY Change
Other Assets	$11.44M	$6.382M
YoY Change	79.22%	11.91%
Total Long-Term Assets	$356.8M	$363.0M
YoY Change	-1.7%	15.03%
TOTAL ASSETS
Total Short-Term Assets	$257.0M	$237.3M
Total Long-Term Assets	$356.8M	$363.0M
Total Assets	$613.8M	$600.3M
YoY Change	2.26%	3.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$30.09M	$34.88M
YoY Change	-13.72%	-11.75%
Accrued Expenses	$27.50M	$31.10M
YoY Change	-11.58%	8.91%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$2.664M	$2.658M
YoY Change	0.23%	-80.05%
Total Short-Term Liabilities	$95.15M	$105.6M
YoY Change	-9.93%	-6.35%
LONG-TERM LIABILITIES
Long-Term Debt	$169.7M	$214.1M
YoY Change	-20.75%	-7.83%
Other Long-Term Liabilities	$38.02M	$43.56M
YoY Change	-12.72%	1.39%
Total Long-Term Liabilities	$207.7M	$257.7M
YoY Change	-19.39%	-6.39%
TOTAL LIABILITIES
Total Short-Term Liabilities	$95.15M	$105.6M
Total Long-Term Liabilities	$207.7M	$257.7M
Total Liabilities	$302.8M	$363.3M
YoY Change	-16.64%	-6.38%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock	$257.0K	$221.0K
YoY Change	16.29%	22.1%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$311.0M	$237.0M
YoY Change
Total Liabilities & Shareholders Equity	$613.8M	$600.3M
YoY Change	2.26%	3.0%

Cashflow Statement

Concept	2016 Q2	2015 Q2
OPERATING ACTIVITIES
Net Income	$11.49M	$10.68M
YoY Change	7.51%	-18.72%
Depreciation, Depletion And Amortization	$6.546M	$6.127M
YoY Change	6.84%	12.01%
Cash From Operating Activities	$540.0K	$26.78M
YoY Change	-97.98%	29.62%
INVESTING ACTIVITIES
Capital Expenditures	-$2.450M	-$7.060M
YoY Change	-65.3%	14.24%
Acquisitions	$0.00	$52.62M
YoY Change	-100.0%
Other Investing Activities	$0.00	$300.0K
YoY Change	-100.0%	-87.65%
Cash From Investing Activities	-$2.450M	-$59.97M
YoY Change	-95.91%	1494.95%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$4.261M	$0.00
YoY Change
Debt Paid & Issued, Net	$7.604M	$5.663M
YoY Change	34.28%
Cash From Financing Activities	-1.050M	35.45M
YoY Change	-102.96%	-241.24%
NET CHANGE
Cash From Operating Activities	540.0K	26.78M
Cash From Investing Activities	-2.450M	-59.97M
Cash From Financing Activities	-1.050M	35.45M
Net Change In Cash	-2.960M	2.260M
YoY Change	-230.97%	-127.56%
FREE CASH FLOW
Cash From Operating Activities	$540.0K	$26.78M
Capital Expenditures	-$2.450M	-$7.060M
Free Cash Flow	$2.990M	$33.84M
YoY Change	-91.16%	26.08%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2016Q2	atro	Actual Leverage Ratio ActualLeverageRatio	1.29
CY2016Q2	atro	Debt Instrument Covenant Compliance Leverage Ratio Increase Permitted Duration Following Acquisition DebtInstrumentCovenantComplianceLeverageRatioIncreasePermittedDurationFollowingAcquisition	2	fiscal_quarter
CY2016Q2	atro	Finite Lived Intangible Assets Amortization Expense Year Six FiniteLivedIntangibleAssetsAmortizationExpenseYearSix	9042000	USD
CY2016Q2	atro	Interest Coverage Ratio Actual InterestCoverageRatioActual	35.6
CY2016Q2	atro	Number Of Major Customers NumberOfMajorCustomers	2	customer
CY2016Q2	atro	Number Of Non Qualified Supplemental Retirement Defined Benefit Plans NumberOfNonQualifiedSupplementalRetirementDefinedBenefitPlans	2	retirement_plan
CY2015Q4	atro	Other Shareholders Equity OtherShareholdersEquity	315033000	USD
CY2016Q2	atro	Other Shareholders Equity OtherShareholdersEquity	323833000	USD
CY2015Q2	atro	Provision For Non Cash Losses On Inventory And Receivables ProvisionForNonCashLossesOnInventoryAndReceivables	-74000	USD
CY2016Q2	atro	Provision For Non Cash Losses On Inventory And Receivables ProvisionForNonCashLossesOnInventoryAndReceivables	563000	USD
CY2016Q2	dei	Amendment Flag AmendmentFlag	false
CY2016Q2	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2016Q2	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2016Q2	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2016
CY2016Q2	dei	Document Period End Date DocumentPeriodEndDate	2016-04-02
CY2016Q2	dei	Document Type DocumentType	10-Q
CY2016Q2	dei	Entity Central Index Key EntityCentralIndexKey	0000008063
CY2016Q2	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2016Q2	dei	Entity Registrant Name EntityRegistrantName	ASTRONICS CORP
CY2016Q2	dei	Trading Symbol TradingSymbol	ATRO
CY2015Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	27138000	USD
CY2016Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	30089000	USD
CY2015Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	95277000	USD
CY2016Q2	us-gaap	Assets Assets	613821000	USD
CY2016Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	106177000	USD
CY2015Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	58188000	USD
CY2016Q2	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	61680000	USD
CY2015Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-15064000	USD
CY2016Q2	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-13117000	USD
CY2015Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	2852000	USD
CY2016Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	2808000	USD
CY2015Q4	us-gaap	Assets Assets	609243000	USD
CY2015Q4	us-gaap	Assets Current AssetsCurrent	249967000	USD
CY2016Q2	us-gaap	Assets Current AssetsCurrent	257037000	USD
CY2014Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	21197000	USD
CY2015Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	22563000	USD
CY2015Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	18561000	USD
CY2016Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	15791000	USD
CY2015Q2	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	1366000	USD
CY2016Q2	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-2770000	USD
CY2015Q4	us-gaap	Common Stock Value CommonStockValue	256000	USD
CY2016Q2	us-gaap	Common Stock Value CommonStockValue	257000	USD
CY2015Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	7198000	USD
CY2016Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	13432000	USD
CY2015Q2	us-gaap	Cost Of Goods Sold CostOfGoodsSold	121476000	USD
CY2016Q2	us-gaap	Cost Of Goods Sold CostOfGoodsSold	120047000	USD
CY2015Q2	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-40000	USD
CY2016Q2	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-468000	USD
CY2015Q4	us-gaap	Deferred Revenue And Credits Current DeferredRevenueAndCreditsCurrent	38757000	USD
CY2016Q2	us-gaap	Deferred Revenue And Credits Current DeferredRevenueAndCreditsCurrent	34878000	USD
CY2015Q2	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	6127000	USD
CY2016Q2	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	6546000	USD
CY2015Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.42
CY2016Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.45
CY2015Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.41
CY2016Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.44
CY2015Q2	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	-886000	USD
CY2016Q2	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	186000	USD
CY2015Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.344
CY2016Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.304
CY2015Q2	us-gaap	Excess Tax Benefit From Share Based Compensation Financing Activities ExcessTaxBenefitFromShareBasedCompensationFinancingActivities	708000	USD
CY2016Q2	us-gaap	Excess Tax Benefit From Share Based Compensation Financing Activities ExcessTaxBenefitFromShareBasedCompensationFinancingActivities	529000	USD
CY2016Q2	us-gaap	Finite Lived Intangible Asset Useful Life FiniteLivedIntangibleAssetUsefulLife	P6Y
CY2015Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	38317000	USD
CY2016Q2	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	41157000	USD
CY2016Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	10770000	USD
CY2016Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	9088000	USD
CY2016Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	9622000	USD
CY2016Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	10023000	USD
CY2016Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	10336000	USD
CY2015Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	146593000	USD
CY2016Q2	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	146790000	USD
CY2015Q4	us-gaap	Goodwill Goodwill	115369000	USD
CY2016Q2	us-gaap	Goodwill Goodwill	115742000	USD
CY2016Q2	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	0	USD
CY2016Q2	us-gaap	Goodwill Foreign Currency Translation Gain Loss GoodwillForeignCurrencyTranslationGainLoss	373000	USD
CY2015Q2	us-gaap	Gross Profit GrossProfit	40162000	USD
CY2016Q2	us-gaap	Gross Profit GrossProfit	39483000	USD
CY2015Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	16297000	USD
CY2016Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	16512000	USD
CY2015Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	16297000	USD
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CY2015Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	5614000	USD
CY2016Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	5027000	USD
CY2015Q2	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	5517000	USD
CY2016Q2	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	2755000	USD
CY2015Q2	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-18563000	USD
CY2016Q2	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	10384000	USD
CY2015Q2	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	2416000	USD
CY2016Q2	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	4245000	USD
CY2015Q2	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-4535000	USD
CY2016Q2	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-8522000	USD
CY2015Q2	us-gaap	Increase Decrease In Deferred Revenue And Customer Advances And Deposits IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits	-8796000	USD
CY2016Q2	us-gaap	Increase Decrease In Deferred Revenue And Customer Advances And Deposits IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits	-3831000	USD
CY2015Q2	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	409000	USD
CY2016Q2	us-gaap	Increase Decrease In Employee Related Liabilities IncreaseDecreaseInEmployeeRelatedLiabilities	341000	USD
CY2015Q2	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	3474000	USD
CY2016Q2	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	3117000	USD
CY2015Q2	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	633000	USD
CY2016Q2	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	-214000	USD
CY2016Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	102000	shares
CY2015Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	108276000	USD
CY2016Q2	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	105633000	USD
CY2015Q2	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-1246000	USD
CY2016Q2	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-1087000	USD
CY2015Q4	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	27770000	USD
CY2016Q2	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	28295000	USD
CY2015Q4	us-gaap	Inventory Net InventoryNet	115467000	USD
CY2016Q2	us-gaap	Inventory Net InventoryNet	118666000	USD
CY2015Q4	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	63720000	USD
CY2016Q2	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	66889000	USD
CY2015Q4	us-gaap	Inventory Work In Process Net Of Reserves InventoryWorkInProcessNetOfReserves	23977000	USD
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CY2016Q2	us-gaap	Letters Of Credit Outstanding Amount LettersOfCreditOutstandingAmount	1100000	USD
CY2015Q4	us-gaap	Liabilities Liabilities	309018000	USD
CY2016Q2	us-gaap	Liabilities Liabilities	302848000	USD
CY2015Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	609243000	USD
CY2016Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	613821000	USD
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CY2016Q2	us-gaap	Liabilities Current LiabilitiesCurrent	95147000	USD
CY2016Q2	us-gaap	Line Of Credit Facility Remaining Borrowing Capacity LineOfCreditFacilityRemainingBorrowingCapacity	190900000	USD
CY2015Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	2579000	USD
CY2016Q2	us-gaap	Long Term Debt Current LongTermDebtCurrent	2664000	USD
CY2015Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	167210000	USD
CY2016Q2	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	169682000	USD
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CY2016Q2	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-1049000	USD
CY2015Q2	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-59974000	USD
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CY2015Q2	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	26779000	USD
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CY2015Q2	us-gaap	Net Income Loss NetIncomeLoss	10683000	USD
CY2016Q2	us-gaap	Net Income Loss NetIncomeLoss	11485000	USD
CY2015Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	17543000	USD
CY2016Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	17599000	USD
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CY2015Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-3485000	USD
CY2016Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	1947000	USD
CY2015Q2	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-161000	USD
CY2016Q2	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	-131000	USD
CY2015Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	35758000	USD
CY2016Q2	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	27516000	USD
CY2015Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	37576000	USD
CY2016Q2	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	38019000	USD
CY2015Q2	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-110000	USD
CY2016Q2	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-119000	USD
CY2015Q2	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	300000	USD
CY2016Q2	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	0	USD
CY2015Q2	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	0	USD
CY2016Q2	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	4261000	USD
CY2015Q2	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	0	USD
CY2016Q2	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	164000	USD
CY2015Q2	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	52615000	USD
CY2016Q2	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	USD
CY2015Q2	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	7059000	USD
CY2016Q2	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	2450000	USD
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CY2015Q2	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	40000000	USD
CY2016Q2	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	10000000	USD
CY2015Q2	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	402000	USD
CY2016Q2	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	451000	USD
CY2014Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	4884000	USD
CY2015Q2	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	5472000	USD
CY2015Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	5741000	USD
CY2016Q2	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	5122000	USD
CY2015Q2	us-gaap	Product Warranty Accrual Additions From Business Acquisition ProductWarrantyAccrualAdditionsFromBusinessAcquisition	500000	USD
CY2016Q2	us-gaap	Product Warranty Accrual Additions From Business Acquisition ProductWarrantyAccrualAdditionsFromBusinessAcquisition	0	USD
CY2015Q2	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	726000	USD
CY2016Q2	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	885000	USD
CY2015Q2	us-gaap	Product Warranty Accrual Preexisting Increase Decrease ProductWarrantyAccrualPreexistingIncreaseDecrease	76000	USD
CY2016Q2	us-gaap	Product Warranty Accrual Preexisting Increase Decrease ProductWarrantyAccrualPreexistingIncreaseDecrease	-395000	USD
CY2015Q2	us-gaap	Product Warranty Accrual Warranties Issued ProductWarrantyAccrualWarrantiesIssued	738000	USD
CY2016Q2	us-gaap	Product Warranty Accrual Warranties Issued ProductWarrantyAccrualWarrantiesIssued	661000	USD
CY2015Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	182930000	USD
CY2016Q2	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	185651000	USD
CY2015Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	124742000	USD
CY2016Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	123971000	USD
CY2015Q2	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	5663000	USD
CY2016Q2	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	7604000	USD
CY2015Q2	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	22200000	USD
CY2016Q2	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	23300000	USD
CY2015Q2	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	161638000	USD
CY2016Q2	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	159530000	USD
CY2015Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	22619000	USD
CY2016Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	21884000	USD
CY2015Q2	us-gaap	Share Based Compensation ShareBasedCompensation	506000	USD
CY2016Q2	us-gaap	Share Based Compensation ShareBasedCompensation	597000	USD
CY2016Q1	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	50000000	USD
CY2015Q4	us-gaap	Stockholders Equity StockholdersEquity	300225000	USD
CY2016Q2	us-gaap	Stockholders Equity StockholdersEquity	310973000	USD
CY2015Q2	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	914000	shares
CY2016Q2	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	838000	shares
CY2015Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	26227000	shares
CY2016Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	26399000	shares
CY2015Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	25313000	shares
CY2016Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	25561000	shares
CY2016Q2	us-gaap	Description Of New Accounting Pronouncements Not Yet Adopted DescriptionOfNewAccountingPronouncementsNotYetAdopted	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Recent Accounting Pronouncements</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2016, the Financial Accounting Standards Board ("FASB”) issued Accounting Standards Update (“ASU”) 2016-09, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting</font><font style="font-family:inherit;font-size:10pt;"> (“ASU 2016-09”) which simplifies several aspects of the accounting for employee share-based payment transactions.  The guidance makes several modifications to the accounting for forfeitures, employer tax withholding on share-based compensation and the financial statement presentation of excess tax benefits or deficiencies. In addition, ASU 2016-09 clarifies the statement of cash flows presentation for certain components of share-based awards. The standard is effective for interim and annual reporting periods beginning after December 15, 2016, although early adoption is permitted. The Company is currently assessing how the adoption of this standard will impact the financial statements.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2016, the FASB issued ASU 2016-02, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Leases</font><font style="font-family:inherit;font-size:10pt;"> (“ASU 2016-02”) which requires the lease rights and obligations arising from lease contracts, including existing and new arrangements, to be recognized as assets and liabilities on the balance sheet. The standard also requires additional disclosures by lessees and contains targeted changes to accounting by lessors. ASU 2016-02 is effective for annual periods beginning after December 15, 2018, including interim periods within those annual periods, with early adoption permitted. The guidance is required to be adopted at the earliest period presented using a modified retrospective approach. The Company is currently assessing the impact on the financial statements.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014, the FASB issued ASU 2014-9, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue from Contracts with Customers</font><font style="font-family:inherit;font-size:10pt;">. This new standard is effective for reporting periods beginning after December 15, 2017, pursuant to the issuance of ASU 2015-14, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Revenue from Contracts with Customers (Topic 606): Deferral of Effective Date</font><font style="font-family:inherit;font-size:10pt;"> issued in August 2015. The comprehensive new standard will supersede existing revenue recognition guidance and require revenue to be recognized when promised goods or services are transferred to customers in amounts that reflect the consideration to which the company expects to be entitled in exchange for those goods or services. Adoption of the new rules could affect the timing of revenue recognition for certain transactions. The guidance permits two implementation approaches, one requiring retrospective application of the new standard with restatement of prior years and one requiring prospective application of the new standard with disclosure of results under old standards. Early adoption is not permitted. The Company is currently evaluating the impacts of adoption and the implementation approach to be used.</font></div></div>
CY2016Q2	us-gaap	Fiscal Period FiscalPeriod	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;text-decoration:underline;">Operating Results</font></div><div style="line-height:120%;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The results of operations for any interim period are not necessarily indicative of results for the full year. Operating results for the </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">April 2, 2016</font><font style="font-family:inherit;font-size:10pt;"> are not necessarily indicative of the results that may be expected for the year ending </font><font style="font-family:inherit;font-size:10pt;">December 31, 2016</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;padding-top:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The balance sheet at </font><font style="font-family:inherit;font-size:10pt;">December 31, 2015</font><font style="font-family:inherit;font-size:10pt;"> has been derived from the audited financial statements at that date, but does not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements.</font></div><div style="line-height:120%;padding-top:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">For further information, refer to the financial statements and footnotes thereto included in Astronics Corporation’s 2015 annual report on Form 10-K.</font></div></div>

Files In Submission

Name	View Source	Status
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atro-20160402.xml	Edgar Link	completed
atro-20160402.xsd	Edgar Link	pending
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atro-20160402_pre.xml	Edgar Link	unprocessable
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atro-201642x10qxexh312.htm	Edgar Link	pending
atro-201642x10qxexh32.htm	Edgar Link	pending
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$ATRO
ASTRONICS CORP Stock $atro

2016 Q2 Form 10-Q Financial Statement

#000000806316000005 Filed on May 05, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ATRO ASTRONICS CORP Stock $atro

2016 Q2 Form 10-Q Financial Statement

#000000806316000005 Filed on May 05, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ATRO
ASTRONICS CORP Stock $atro