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

Accumulated Other Comprehensive Loss and Other Comprehensive Loss (Tables)

6 Months Ended

Jun. 28, 2014

The components of accumulated other comprehensive income (loss) are as follows:


(In thousands)	June 28, 2014			December 31, 2013
Foreign Currency Translation Adjustments	$	716		$	1,284

Accumulated (Loss) Income on Derivatives – Before Tax		(120	)		(107	)
Tax Benefit		43			38

Accumulated (Loss) Income on Derivatives – After Tax		(77	)		(69	)

Retirement Liability Adjustment – Before Tax		(7,104	)		(7,423	)
Tax Benefit		2,486			2,597

Retirement Liability Adjustment – After Tax		(4,618	)		(4,826	)

Accumulated Other Comprehensive Loss	$	(3,979	)	$	(3,611	)

The components of other comprehensive loss are as follows:


	Six Months Ended						Three Months Ended
(In thousands)	June 28, 2014			June 29, 2013			June 28, 2014			June 29, 2013
Foreign Currency Translation Adjustments	$	(568	)	$	(389	)	$	(182	)	$	(192	)

Change in Accumulated (Loss) Income on Derivatives:
Reclassification to Interest Expense		34			70			17			33
Net (Decrease) Increase in Fair Value of Derivatives		(45	)		(11	)		(59	)		3
Tax Benefit (Expense)		3			(21	)		14			(13	)

Change in Accumulated (Loss) Income on Derivatives		(8	)		38			(28	)		23

Retirement Liability Adjustments:
Reclassifications to General and Administrative Expense:
Amortization of prior service cost		265			260			129			130
Amortization of net actuarial gains		54			64			27			32
Tax Benefit		(111	)		(113	)		(50	)		(57	)

Retirement Liability Adjustment		208			211			106			105

Other Comprehensive Loss	$	(368	)	$	(140	)	$	(104	)	$	(64	)