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

Derivative Financial Instruments (Tables)

9 Months Ended

Sep. 27, 2014

Activity in AOCI related to these derivatives is summarized below:


	Nine Months Ended						Three Months Ended
(In thousands)	Sept. 27, 2014			Sept. 28, 2013			Sept. 27, 2014			Sept. 28, 2013
Derivative balance at the beginning of the period in AOCI	$	(69	)	$	(142	)	$	(77	)	$	(104	)

Net deferral in AOCI of derivatives:
Net (decrease) increase in fair value of derivatives		(15	)		11			31			22
Tax effect		4			(4	)		(12	)		(8	)

		(11	)		7			19			14


Net reclassification from AOCI into earnings:
Reclassification from AOCI into earnings – interest expense		45			90			11			20
Tax effect		(15	)		(32	)		(3	)		(7	)

		30			58			8			13


Net change in derivatives for the period		19			65			27			27


Derivative balance at the end of the period in AOCI	$	(50	)	$	(77	)	$	(50	)	$	(77	)