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

Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2012


	Six Months Ended						Three Months Ended
(In thousands)	June 30, 2012			July 2, 2011			June 30, 2012			July 2, 2011
Derivative balance at the beginning of the period in AOCI	$	(256	)	$	(338	)	$	(233	)	$	(288	)

Net deferral in AOCI of derivatives:
Net (increase) decrease in fair value of derivatives		(37	)		(98	)		(12	)		(98	)
Tax effect		14			35			4			35

		(23	)		(63	)		(8	)		(63	)


Net reclassification from AOCI into earnings:
Reclassification from AOCI into earnings – Interest expense		114			155			54			78
Tax effect		(41	)		(55	)		(19	)		(28	)

		73			100			35			50


Net change in derivatives for the period		50			37			27			(13	)


Derivative balance at the end of the period in AOCI	$	(206	)	$	(301	)	$	(206	)	$	(301	)