| ASTRONICS CORPORATION | ||||||
| CONSOLIDATED BALANCE SHEET DATA | ||||||
| ($ in thousands) | ||||||
| (unaudited)
10/1/2016 | 12/31/2015 | |||||
| ASSETS | ||||||
| Cash and cash equivalents | $ | 13,278 | $ | 18,561 | ||
| Accounts receivable and uncompleted contracts | 118,888 | 95,277 | ||||
| Inventories | 120,691 | 115,467 | ||||
| Other current assets | 13,100 | 20,662 | ||||
| Property, plant and equipment, net | 123,754 | 124,742 | ||||
| Other long-term assets | 13,035 | 10,889 | ||||
| Intangible assets, net | 101,037 | 108,276 | ||||
| Goodwill | 115,645 | 115,369 | ||||
| Total assets | $ | 619,428 | $ | 609,243 | ||
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||||||
| Current maturities of long term debt | $ | 2,686 | $ | 2,579 | ||
| Accounts payable and accrued expenses | 62,729 | 62,896 | ||||
| Customer advances and deferred revenue | 27,805 | 38,757 | ||||
| Long-term debt | 161,305 | 167,210 | ||||
| Other liabilities | 35,532 | 37,576 | ||||
| Shareholders' equity | 329,371 | 300,225 | ||||
| Total liabilities and shareholders' equity | $ | 619,428 | $ | 609,243 | ||
| ASTRONICS CORPORATION | ||||||||||||||||
| Segment Data | ||||||||||||||||
| (Unaudited, $ in thousands) | ||||||||||||||||
| Three Months Ended | Nine Months Ended | |||||||||||||||
| 10/1/2016 | 10/3/2015 | 10/1/2016 | 10/3/2015 | |||||||||||||
| Sales | ||||||||||||||||
| Aerospace | $ | 125,179 | $ | 138,728 | $ | 406,356 | $ | 413,250 | ||||||||
| Less Inter-segment | - | - | (367 | ) | - | |||||||||||
| Total Aerospace | 125,179 | 138,728 | 405,989 | 413,250 | ||||||||||||
| Test Systems | 29,920 | 61,417 | 73,066 | 121,744 | ||||||||||||
| Less Inter-segment | - | - | - | (55 | ) | |||||||||||
| Total Test Systems | 29,920 | 61,417 | 73,066 | 121,689 | ||||||||||||
| Total sales | 155,099 | 200,145 | 479,055 | 534,939 | ||||||||||||
| Operating profit and margins | ||||||||||||||||
| Aerospace | 17,557 | 23,055 | 61,099 | 66,728 | ||||||||||||
| 14.0 | % | 16.6 | % | 15.0 | % | 16.1 | % | |||||||||
| Test Systems | 3,240 | 16,980 | 6,524 | 24,618 | ||||||||||||
| 10.8 | % | 27.6 | % | 8.9 | % | 20.2 | % | |||||||||
| Total operating profit | 20,797 | 40,035 | 67,623 | 91,346 | ||||||||||||
| Interest expense | 1,103 | 1,243 | 3,246 | 3,600 | ||||||||||||
| Corporate expenses and other | 3,272 | 2,905 | 9,888 | 8,518 | ||||||||||||
| Income before taxes | $ | 16,422 | $ | 35,887 | $ | 54,489 | $ | 79,228 | ||||||||
