Astronics Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Stock Option and Purchase Plans (Tables)

Stock Option and Purchase Plans (Tables)

12 Months Ended

Dec. 31, 2012

Stock Option and Purchase Plans [Abstract]

Summary of weighted average fair value of the options granted


	2012		2011		2010
Weighted Average Fair Value of the Options Granted	$	11.91	$	15.18	$	8.12

Summary of weighted-average assumptions


	2012	2011	2010
Risk-free Interest Rate	0.89% – 1.00%	1.55% – 2.82%	2.33% – 3.04%
Dividend Yield	0.0%	0.0%	0.0%
Volatility Factor	0.52 – 0.64	0.52 – 0.53	0.41 – 0.53
Expected Life in Years	5.0 – 8.0	7.0 – 8.0	7.0 – 8.0

Compensation expense information based on the fair value of stock options


(In thousands)	2012			2011			2010
Stock Compensation Expense	$	1,351		$	1,061		$	884
Tax Benefit		(136	)		(93	)		(84	)

Stock Compensation Expense, Net of Tax	$	1,215		$	968		$	800

Summary of the Company's stock option activity and related information


(Aggregate intrinsic value in thousands)	2012								2011								2010
	Options			Weighted Average Exercise Price		Aggregate Intrinsic Value			Options			Weighted Average Exercise Price		Aggregate Intrinsic Value			Options			Weighted Average Exercise Price		Aggregate Intrinsic Value
Outstanding at January 1		1,384,538		$	8.05	$	20,532			1,586,860		$	6.70	$	38,778			1,560,158		$	5.99	$	16,551
Options Granted		108,750		$	21.69	$	129			70,782		$	26.93	$	299			116,317		$	14.12	$	289
Options Exercised		(225,558	)	$	4.40	$	(4,168	)		(273,104	)	$	5.10	$	(7,112	)		(89,615	)	$	3.94	$	(1,135	)
Options Forfeited		—		$	—	$	—			—		$	—	$	—			—		$	—	$	—
Outstanding at December 31		1,267,730		$	9.87	$	16,493			1,384,538		$	8.05	$	31,965			1,586,860		$	6.70	$	15,706
Exercisable at December 31		973,716		$	8.06	$	14,431			1,067,287		$	6.56	$	26,237			1,196,049		$	5.77	$	12,953

Summary of weighted average exercise prices and contractual lives for outstanding and exercisable stock options


	Outstanding						Exercisable
Exercise Price Range	Shares		Weighted Average Remaining Life in Years		Weighted Average Exercise Price		Shares		Weighted Average Remaining Life in Years		Weighted Average Exercise Price
$3.22 — $ 4.14		335,328		1.6	$	3.55		335,328		1.6	$	3.55
$5.81 — $ 8.48		507,567		5.8		6.40		398,837		5.5		6.44
$10.98 — $12.09		119,295		4.2		11.21		119,295		4.2		11.21
$16.81 — $29.85		305,540		8.4		22.07		120,256		7.2		22.89

		1,267,730		5.2		9.87		973,716		4.2		8.06

Fair value for the options granted under the Employee Stock Purchase Plan


	2012			2011			2010
Risk-free Interest Rate		0.17	%		0.10	%		0.25	%
Dividend Yield		0.0	%		0.0	%		0.0	%
Volatility Factor		.37			.52			.40
Expected Life in Years		1.0			1.0			1.0

- Definition

Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed.

+ References + Details

- Definition

Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

+ References + Details