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

Accumulated Other Comprehensive Loss and Other Comprehensive Loss (Tables)

9 Months Ended

Sep. 27, 2014

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


(In thousands)	September 27, 2014			December 31, 2013

Foreign Currency Translation Adjustments	$	(1,659	)	$	1,284


Accumulated (Loss) Income on Derivatives – Before Tax		(77	)		(107	)
Tax Benefit		27			38

Accumulated (Loss) Income on Derivatives – After Tax		(50	)		(69	)


Retirement Liability Adjustment – Before Tax		(6,935	)		(7,423	)
Tax Benefit		2,427			2,597

Retirement Liability Adjustment – After Tax		(4,508	)		(4,826	)



Accumulated Other Comprehensive Loss	$	(6,217	)	$	(3,611	)

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


	Nine Months Ended						Three Months Ended
(In thousands)	Sept. 27, 2014			Sept. 28, 2013			Sept. 27, 2014			Sept. 28, 2013

Foreign Currency Translation Adjustments	$	(2,943	)	$	(260	)	$	(2,375	)	$	129


Change in Accumulated (Loss) Income on Derivatives:
Reclassification to Interest Expense		45			90			11			20
Net (Decrease) Increase in Fair Value of Derivatives		(15	)		11			31			22
Tax Benefit (Expense)		(11	)		(36	)		(15	)		(15	)

Change in Accumulated (Loss) Income on Derivatives		19			65			27			27


Retirement Liability Adjustments:
Reclassifications to General and Administrative Expense:
Amortization of prior service cost		408			388			136			127
Amortization of net actuarial losses		80			95			27			32
Tax Benefit		(170	)		(167	)		(53	)		(54	)

Retirement Liability Adjustment		318			316			110			105



Other Comprehensive (Loss) Income	$	(2,606	)	$	121		$	(2,238	)	$	261