$ATRO
ASTRONICS CORP Stock $atro

$atro Overview Financials Valuation SEC Filings Company Website

2017 Q2 Form 10-Q Financial Statement

#000000806317000018 Filed on May 05, 2017

Income Statement

Concept	2017 Q2	2016 Q2
Revenue	$152.4M	$159.5M
YoY Change	-4.47%	-1.3%
Cost Of Revenue	$114.1M	$120.0M
YoY Change	-4.97%	-1.18%
Gross Profit	$38.32M	$39.48M
YoY Change	-2.95%	-1.69%
Gross Profit Margin	25.14%	24.75%
Selling, General & Admin	$21.38M	$21.88M
YoY Change	-2.29%	-3.25%
% of Gross Profit	55.81%	55.43%
Research & Development	$22.90M	$23.30M
YoY Change	-1.72%	4.95%
% of Gross Profit	59.76%	59.01%
Depreciation & Amortization	$6.298M	$6.546M
YoY Change	-3.79%	6.84%
% of Gross Profit	16.44%	16.58%
Operating Expenses	$44.28M	$45.18M
YoY Change	-1.99%	0.81%
Operating Profit	$16.93M	$17.60M
YoY Change	-3.78%	0.32%
Interest Expense	-$1.100M	-$1.100M
YoY Change	0.0%	-8.33%
% of Operating Profit	-6.5%	-6.25%
Other Income/Expense, Net	-$300.0K
YoY Change
Pretax Income	$15.49M	$16.51M
YoY Change	-6.18%	1.32%
Income Tax	$3.904M	$5.027M
% Of Pretax Income	25.2%	30.44%
Net Earnings	$11.59M	$11.49M
YoY Change	0.89%	7.51%
Net Earnings / Revenue	7.6%	7.2%
Basic Earnings Per Share	$0.35	$0.39
Diluted Earnings Per Share	$0.33	$0.38
COMMON SHARES
Basic Shares Outstanding	29.10M shares	29.40M shares
Diluted Shares Outstanding	30.18M shares	30.36M shares

Balance Sheet

Concept	2017 Q2	2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$10.80M	$15.80M
YoY Change	-31.65%	-30.09%
Cash & Equivalents	$10.76M	$15.79M
Short-Term Investments
Other Short-Term Assets	$10.70M	$16.40M
YoY Change	-34.76%	-6.82%
Inventory	$122.2M	$118.7M
Prepaid Expenses
Receivables	$112.8M	$106.2M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$256.4M	$257.0M
YoY Change	-0.25%	8.31%
LONG-TERM ASSETS
Property, Plant & Equipment	$122.2M	$124.0M
YoY Change	-1.46%	-0.76%
Goodwill	$115.3M	$115.7M
YoY Change	-0.39%	-3.25%
Intangibles	$95.53M	$105.6M
YoY Change	-9.57%	-5.71%
Long-Term Investments
YoY Change
Other Assets	$13.90M	$11.44M
YoY Change	21.54%	79.22%
Total Long-Term Assets	$346.9M	$356.8M
YoY Change	-2.77%	-1.7%
TOTAL ASSETS
Total Short-Term Assets	$256.4M	$257.0M
Total Long-Term Assets	$346.9M	$356.8M
Total Assets	$603.3M	$613.8M
YoY Change	-1.72%	2.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$29.51M	$30.09M
YoY Change	-1.94%	-13.72%
Accrued Expenses	$30.10M	$27.50M
YoY Change	9.45%	-11.58%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$2.582M	$2.664M
YoY Change	-3.08%	0.23%
Total Short-Term Liabilities	$83.13M	$95.15M
YoY Change	-12.64%	-9.93%
LONG-TERM LIABILITIES
Long-Term Debt	$138.9M	$169.7M
YoY Change	-18.13%	-20.75%
Other Long-Term Liabilities	$35.15M	$38.02M
YoY Change	-7.55%	-12.72%
Total Long-Term Liabilities	$174.1M	$207.7M
YoY Change	-16.2%	-19.39%
TOTAL LIABILITIES
Total Short-Term Liabilities	$83.13M	$95.15M
Total Long-Term Liabilities	$174.1M	$207.7M
Total Liabilities	$257.2M	$302.8M
YoY Change	-15.08%	-16.64%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock	$297.0K	$257.0K
YoY Change	15.56%	16.29%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$346.1M	$311.0M
YoY Change
Total Liabilities & Shareholders Equity	$603.3M	$613.8M
YoY Change	-1.72%	2.26%

Cashflow Statement

Concept	2017 Q2	2016 Q2
OPERATING ACTIVITIES
Net Income	$11.59M	$11.49M
YoY Change	0.89%	7.51%
Depreciation, Depletion And Amortization	$6.298M	$6.546M
YoY Change	-3.79%	6.84%
Cash From Operating Activities	$6.370M	$540.0K
YoY Change	1079.63%	-97.98%
INVESTING ACTIVITIES
Capital Expenditures	-$2.770M	-$2.450M
YoY Change	13.06%	-65.3%
Acquisitions		$0.00
YoY Change		-100.0%
Other Investing Activities		$0.00
YoY Change		-100.0%
Cash From Investing Activities	-$2.767M	-$2.450M
YoY Change	12.94%	-95.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$4.413M	$4.261M
YoY Change	3.57%
Debt Paid & Issued, Net	$6.657M	$7.604M
YoY Change	-12.45%	34.28%
Cash From Financing Activities	-$10.78M	-1.050M
YoY Change	926.19%	-102.96%
NET CHANGE
Cash From Operating Activities	$6.370M	540.0K
Cash From Investing Activities	-$2.767M	-2.450M
Cash From Financing Activities	-$10.78M	-1.050M
Net Change In Cash	-$7.172M	-2.960M
YoY Change	142.3%	-230.97%
FREE CASH FLOW
Cash From Operating Activities	$6.370M	$540.0K
Capital Expenditures	-$2.770M	-$2.450M
Free Cash Flow	$9.140M	$2.990M
YoY Change	205.69%	-91.16%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2016Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	109415000	USD
CY2017Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	29506000	USD
CY2017Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	112781000	USD
CY2016Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	69356000	USD
CY2016Q2	atro	Provision For Non Cash Losses On Inventory And Receivables ProvisionForNonCashLossesOnInventoryAndReceivables	563000	USD
CY2017Q2	atro	Provision For Non Cash Losses On Inventory And Receivables ProvisionForNonCashLossesOnInventoryAndReceivables	535000	USD
CY2017Q2	dei	Amendment Flag AmendmentFlag	false
CY2017Q2	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2017Q2	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2017Q2	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2017
CY2017Q2	dei	Document Period End Date DocumentPeriodEndDate	2017-04-01
CY2017Q2	dei	Document Type DocumentType	10-Q
CY2017Q2	dei	Entity Central Index Key EntityCentralIndexKey	0000008063
CY2016Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	17901000	USD
CY2017Q2	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2017Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	10763000	USD
CY2017Q2	atro	Debt Instrument Covenant Compliance Leverage Ratio Increase Permitted Duration Following Acquisition DebtInstrumentCovenantComplianceLeverageRatioIncreasePermittedDurationFollowingAcquisition	2	fiscal_quarter
CY2016Q2	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-2770000	USD
CY2017Q2	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-7138000	USD
CY2017Q2	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	72899000	USD
CY2017Q2	atro	Actual Leverage Ratio ActualLeverageRatio	1.34
CY2016Q4	us-gaap	Common Stock Value CommonStockValue	297000	USD
CY2017Q2	atro	Effective Income Tax Rate Reconciliation Sharebased Compensation Excess Tax Benefit Amount EffectiveIncomeTaxRateReconciliationSharebasedCompensationExcessTaxBenefitAmount	300000	USD
CY2017Q2	atro	Finite Lived Intangible Assets Amortization Expense Year Six FiniteLivedIntangibleAssetsAmortizationExpenseYearSix	8756000	USD
CY2017Q2	atro	Interest Coverage Ratio Actual InterestCoverageRatioActual	28.6
CY2016Q2	atro	Number Of Major Customers NumberOfMajorCustomers	2	customer
CY2017Q2	atro	Number Of Major Customers NumberOfMajorCustomers	2	customer
CY2017Q2	atro	Number Of Non Qualified Supplemental Retirement Defined Benefit Plans NumberOfNonQualifiedSupplementalRetirementDefinedBenefitPlans	2	retirement_plan
CY2016Q4	atro	Other Shareholders Equity OtherShareholdersEquity	352646000	USD
CY2017Q2	atro	Other Shareholders Equity OtherShareholdersEquity	360771000	USD
CY2017Q2	us-gaap	Common Stock Value CommonStockValue	297000	USD
CY2016Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	13432000	USD
CY2016Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-15494000	USD
CY2017Q2	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-14968000	USD
CY2017Q2	dei	Entity Registrant Name EntityRegistrantName	ASTRONICS CORP
CY2017Q2	dei	Trading Symbol TradingSymbol	ATRO
CY2016Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	25070000	USD
CY2016Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	2808000	USD
CY2017Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	2618000	USD
CY2016Q4	us-gaap	Assets Assets	604344000	USD
CY2017Q2	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	95529000	USD
CY2017Q2	us-gaap	Assets Current AssetsCurrent	256402000	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
CY2017Q2	us-gaap	Assets Assets	603286000	USD
CY2016Q4	us-gaap	Assets Current AssetsCurrent	255073000	USD
CY2017Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	12113000	USD
CY2016Q2	us-gaap	Cost Of Goods Sold CostOfGoodsSold	120047000	USD
CY2017Q2	us-gaap	Cost Of Goods Sold CostOfGoodsSold	114079000	USD
CY2016Q2	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-468000	USD
CY2017Q2	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	-516000	USD
CY2016Q4	us-gaap	Deferred Revenue And Credits Current DeferredRevenueAndCreditsCurrent	23168000	USD
CY2017Q2	us-gaap	Deferred Revenue And Credits Current DeferredRevenueAndCreditsCurrent	20937000	USD
CY2016Q2	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	6546000	USD
CY2017Q2	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	6298000	USD
CY2016Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.39
CY2017Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.40
CY2016Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.38
CY2017Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.38
CY2016Q2	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	186000	USD
CY2017Q2	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	34000	USD
CY2016Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.304
CY2017Q2	us-gaap	Effective Income Tax Rate Continuing Operations EffectiveIncomeTaxRateContinuingOperations	0.252
CY2016Q2	us-gaap	Excess Tax Benefit From Share Based Compensation Financing Activities ExcessTaxBenefitFromShareBasedCompensationFinancingActivities	529000	USD
CY2017Q2	us-gaap	Excess Tax Benefit From Share Based Compensation Financing Activities ExcessTaxBenefitFromShareBasedCompensationFinancingActivities	0	USD
CY2017Q2	us-gaap	Finite Lived Intangible Asset Useful Life FiniteLivedIntangibleAssetUsefulLife	P6Y
CY2016Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	49120000	USD
CY2017Q2	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	51750000	USD
CY2017Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	10450000	USD
CY2017Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	9152000	USD
CY2017Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	9198000	USD
CY2017Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	9754000	USD
CY2017Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	10133000	USD
CY2016Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	147223000	USD
CY2017Q2	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	147279000	USD
CY2016Q4	us-gaap	Goodwill Goodwill	115207000	USD
CY2017Q2	us-gaap	Goodwill Goodwill	115294000	USD
CY2017Q2	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	0	USD
CY2016Q2	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	2755000	USD
CY2017Q2	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	4397000	USD
CY2016Q2	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	10384000	USD
CY2017Q2	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	3268000	USD
CY2016Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	98103000	USD
CY2016Q2	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-1087000	USD
CY2016Q2	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	4245000	USD
CY2017Q2	us-gaap	Goodwill Foreign Currency Translation Gain Loss GoodwillForeignCurrencyTranslationGainLoss	87000	USD
CY2016Q2	us-gaap	Gross Profit GrossProfit	39483000	USD
CY2017Q2	us-gaap	Gross Profit GrossProfit	38317000	USD
CY2016Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	16512000	USD
CY2017Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	15491000	USD
CY2016Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	5027000	USD
CY2017Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	3904000	USD
CY2017Q2	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	4038000	USD
CY2016Q2	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-8522000	USD
CY2017Q2	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-8477000	USD
CY2016Q2	us-gaap	Increase Decrease In Deferred Revenue And Customer Advances And Deposits IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits	-3831000	USD
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CY2016Q2	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	3117000	USD
CY2017Q2	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	5957000	USD
CY2016Q2	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	-214000	USD
CY2017Q2	us-gaap	Increase Decrease In Other Operating Capital Net IncreaseDecreaseInOtherOperatingCapitalNet	942000	USD
CY2017Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	474000	shares
CY2017Q2	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-1133000	USD
CY2016Q4	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	28792000	USD
CY2017Q2	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	29095000	USD
CY2016Q4	us-gaap	Inventory Net InventoryNet	116597000	USD
CY2017Q2	us-gaap	Inventory Net InventoryNet	122184000	USD
CY2016Q4	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	67015000	USD
CY2017Q2	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	65366000	USD
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CY2016Q4	us-gaap	Liabilities Liabilities	266895000	USD
CY2017Q2	us-gaap	Liabilities Liabilities	257186000	USD
CY2016Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	604344000	USD
CY2017Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	603286000	USD
CY2016Q4	us-gaap	Liabilities Current LiabilitiesCurrent	86560000	USD
CY2017Q2	us-gaap	Liabilities Current LiabilitiesCurrent	83125000	USD
CY2016Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	2636000	USD
CY2017Q2	us-gaap	Long Term Debt Current LongTermDebtCurrent	2582000	USD
CY2016Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	145484000	USD
CY2017Q2	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	138914000	USD
CY2016Q2	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-1049000	USD
CY2017Q2	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	-10775000	USD
CY2016Q2	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-2450000	USD
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CY2016Q2	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	543000	USD
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CY2016Q2	us-gaap	Net Income Loss NetIncomeLoss	11485000	USD
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CY2016Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	17599000	USD
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CY2016Q4	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	35686000	USD
CY2017Q2	us-gaap	Other Liabilities Current OtherLiabilitiesCurrent	30100000	USD
CY2016Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	34851000	USD
CY2017Q2	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	35147000	USD
CY2016Q2	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-119000	USD
CY2017Q2	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	291000	USD
CY2016Q2	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	4261000	USD
CY2016Q2	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	2450000	USD
CY2017Q2	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	4413000	USD
CY2016Q2	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	164000	USD
CY2017Q2	us-gaap	Payments Of Debt Issuance Costs PaymentsOfDebtIssuanceCosts	0	USD
CY2017Q2	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	2767000	USD
CY2016Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	11160000	USD
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CY2016Q2	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	10000000	USD
CY2017Q2	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	0	USD
CY2016Q2	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	451000	USD
CY2017Q2	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	295000	USD
CY2015Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	5741000	USD
CY2016Q2	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	5122000	USD
CY2016Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	4675000	USD
CY2017Q2	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	4357000	USD
CY2016Q2	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	885000	USD
CY2017Q2	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	707000	USD
CY2016Q2	us-gaap	Product Warranty Accrual Preexisting Increase Decrease ProductWarrantyAccrualPreexistingIncreaseDecrease	-395000	USD
CY2017Q2	us-gaap	Product Warranty Accrual Preexisting Increase Decrease ProductWarrantyAccrualPreexistingIncreaseDecrease	-78000	USD
CY2016Q2	us-gaap	Product Warranty Accrual Warranties Issued ProductWarrantyAccrualWarrantiesIssued	661000	USD
CY2017Q2	us-gaap	Product Warranty Accrual Warranties Issued ProductWarrantyAccrualWarrantiesIssued	467000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	192168000	USD
CY2017Q2	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	195058000	USD
CY2016Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	122812000	USD
CY2017Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	122159000	USD
CY2016Q2	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	7604000	USD
CY2017Q2	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	6657000	USD
CY2016Q2	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	23300000	USD
CY2017Q2	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	22900000	USD
CY2016Q2	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	159530000	USD
CY2017Q2	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	152396000	USD
CY2016Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	21884000	USD
CY2017Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	21693000	USD
CY2016Q2	us-gaap	Share Based Compensation ShareBasedCompensation	597000	USD
CY2017Q2	us-gaap	Share Based Compensation ShareBasedCompensation	656000	USD
CY2016Q1	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	50000000	USD
CY2016Q4	us-gaap	Stockholders Equity StockholdersEquity	337449000	USD
CY2017Q2	us-gaap	Stockholders Equity StockholdersEquity	346100000	USD
CY2016Q2	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	964000	shares
CY2017Q2	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	1080000	shares
CY2016Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	30359000	shares
CY2017Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	30182000	shares
CY2016Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	29395000	shares
CY2017Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	29102000	shares
CY2017Q2	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%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU No. 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: 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. The Company will adopt the new standard on January 1, 2018, using the modified retrospective transition method.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The adoption of this amendment may require us to accelerate the recognition of revenue as compared to current standards, for certain customers, in cases where we produce products unique to those customers; and for which we would have an enforceable right of payment for production completed to date. The Company has identified its revenue streams, reviewed the initial impacts of adopting the new standard on those revenue streams, and appointed a project management leader. The Company continues to evaluate the quantitative and qualitative impacts of the standard.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2016, the FASB issued ASU No. 2016 - 02, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Leases</font><font style="font-family:inherit;font-size:10pt;">. The new standard is effective for reporting periods beginning after December 15, 2018. Early adoption is permitted. The standard will require lessees to report most leases as assets and liabilities on the balance sheet, while lessor accounting will remain substantially unchanged. The standard requires a modified retrospective transition approach for existing leases, whereby the new rules will be applied to the earliest year presented.  The adoption of the standard is not expected to have a material effect on the Company’s financial position, results of operations or cash flows.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In August 2016, the FASB issued ASU No. 2016-15, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Classification of Certain Cash Receipts and Cash Payments</font><font style="font-family:inherit;font-size:10pt;">, which is intended to reduce diversity in practice in how certain cash receipts and payments are presented and classified in the statement of cash flows. The standard provides guidance in a number of situations including, among others, settlement of zero-coupon bonds, contingent consideration payments made after a business combination, proceeds from the settlement of insurance claims, and distributions received from equity method investees. The ASU also provides guidance for classifying cash receipts and payments that have aspects of more than one class of cash flows. This ASU is effective for fiscal years beginning after December 15, 2017, with early adoption permitted. The standard requires application using a retrospective transition method. This ASU is not expected to have a material impact on the Company’s consolidated results of operations and financial condition.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In January 2017, the FASB issued ASU No. 2017-01,</font><font style="font-family:inherit;font-size:10pt;font-style:italic;"> Clarifying the Definition of a Business</font><font style="font-family:inherit;font-size:10pt;">, which narrows the existing definition of a business and provides a framework for evaluating whether a transaction should be accounted for as an acquisition (or disposal) of assets or a business. The ASU requires an entity to evaluate if substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or a group of similar identifiable assets; if so, the set of transferred assets and activities (collectively, the set) is not a business. To be considered a business, the set would need to include an input and a substantive process that together significantly contribute to the ability to create outputs. The standard also narrows the definition of outputs. The definition of a business affects areas of accounting such as acquisitions, disposals and goodwill. Under the new guidance, fewer acquired sets are expected to be considered businesses. This ASU is effective for fiscal years beginning after December 15, 2017 on a prospective basis with early adoption permitted. The Company would apply this guidance to applicable transactions after the adoption date.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In March 2017, the FASB issued ASU 2017-07, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Compensation-Retirement Benefits</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">(Topic 715): Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost</font><font style="font-family:inherit;font-size:10pt;">, which requires employers to include only the service cost component of net periodic pension cost and net periodic postretirement benefit cost in operating expenses. The other components of net benefit cost, including amortization of prior service cost/credit and net actuarial gains/losses, and settlement and curtailment effects, are to be included in non-operating expenses. The ASU also stipulates that only the service cost component of net benefit cost is eligible for capitalization. The effective date for adoption of this guidance begins on January 1, 2018, with early adoption permitted. The Company is currently evaluating the effect that this standard will have on the consolidated financial statements.</font></div></div>
CY2017Q2	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 1, 2017</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, 2017</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, 2016</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>

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$ATRO
ASTRONICS CORP Stock $atro

2017 Q2 Form 10-Q Financial Statement

#000000806317000018 Filed on May 05, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ATRO ASTRONICS CORP Stock $atro

2017 Q2 Form 10-Q Financial Statement

#000000806317000018 Filed on May 05, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$ATRO
ASTRONICS CORP Stock $atro