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

Annual report pursuant to Section 13 and 15(d)

Segments (Tables)

Segments (Tables)

12 Months Ended

Dec. 31, 2012

Summary of segment reporting information


(In thousands)	2012			2011			2010
Sales:
Aerospace	$	254,955		$	213,874		$	179,586
Test Systems		11,491			14,289			16,168

Total Sales	$	266,446		$	228,163		$	195,754

Operating Profit (Loss) and Margins:
Aerospace	$	44,137		$	40,400		$	30,112
		17.3	%		18.9	%		16.8	%
Test Systems		(4,985	)		(4,760	)		(1,806	)
		(43.4	)%		(33.3	)%		(11.2	)%

Total Operating Profit		39,152			35,640			28,306

		14.7	%		15.6	%		14.5	%
Deductions from Operating Profit:
Interest Expense		(1,042	)		(1,806	)		(2,551	)
Corporate and Other Expenses, Net		(6,527	)		(4,819	)		(3,926	)

Earnings before Income Taxes	$	31,583		$	29,015		$	21,829

Depreciation and Amortization:
Aerospace	$	6,043		$	3,929		$	3,695
Test Systems		634			584			659
Corporate		228			430			527

Total Depreciation and Amortization	$	6,905		$	4,943		$	4,881

Identifiable Assets:
Aerospace	$	177,168		$	136,930		$	96,787
Test Systems		18,121			20,020			24,785
Corporate		16,700			17,955			29,316

Total Assets	$	211,989		$	174,905		$	150,888

Capital Expenditures:
Aerospace	$	16,324		$	14,195		$	2,438
Test Systems		396			86			619
Corporate		—			—			511

Total Capital Expenditures	$	16,720		$	14,281		$	3,568

Summarizes the Company's sales by geographic region


(In thousands)	2012		2011		2010
North America	$	233,245	$	196,447	$	168,556
Europe		16,188		16,238		11,294
Asia		14,030		12,544		13,026
South America		1,937		2,678		2,457
Other		1,046		256		421

	$	266,446	$	228,163	$	195,754

Schedule of Activities with Major Customers


	2012			2011			2010
Percent of Consolidated Revenue
Panasonic		38.0	%		35.7	%		26.5	%
U.S. Government		7.2	%		9.0	%		15.0	%



(In thousands)	2012		2011
Accounts Receivable ad December 31,
Panasonic	$	17,412	$	9,878
U.S. Government		2,556		3,866

- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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