Astronics Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

Segment Information (Tables)

3 Months Ended

Mar. 29, 2014

Summary of Segment Reporting Information

Below are the sales and operating profit by segment for the three months ended March 29, 2014 and March 30, 2013 and a reconciliation of segment operating profit to income before income taxes. Operating profit is the net sales less cost of products sold and other operating expenses excluding interest and corporate expenses. Cost of products sold and other operating expenses are directly identifiable to the respective segment.


	Three Months Ended
(Dollars in thousands)	March 29, 2014			March 30, 2013

Sales
Aerospace	$	122,372		$	71,669


Test Systems		18,689			2,390
Less Intersegment Sales		(110	)		(92	)

		18,579			2,298


Total Consolidated Sales	$	140,951		$	73,967


Operating Profit (Loss) and Margins
Aerospace	$	17,490		$	14,288
		14.3	%		19.9	%

Test Systems		(1,695	)		(1,525	)
		(9.1	)%		(63.8	)%

Total Operating Profit		15,795			12,763
		11.2	%		17.3	%
Deductions from Operating Profit
Interest Expense, net of interest income		2,323			218
Corporate Expenses and Other		2,168			1,701

Income Before Income Taxes	$	11,304		$	10,844

Identifiable Assets


(In thousands)	March 29, 2014		December 31, 2013
Aerospace	$	449,935	$	428,619
Test Systems		124,438		11,035
Corporate		28,346		51,617

Total Assets	$	602,719	$	491,271

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References + Details