Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v2.4.1.9
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Cash Flows from Operating Activities      
Net Income $ 56,170us-gaap_NetIncomeLoss $ 27,266us-gaap_NetIncomeLoss $ 21,874us-gaap_NetIncomeLoss
Adjustments to Reconcile Net Income to Cash Provided By Operating Activities, Excluding the Effects of Acquisitions:      
Depreciation and Amortization 27,254us-gaap_DepreciationDepletionAndAmortization 11,059us-gaap_DepreciationDepletionAndAmortization 6,905us-gaap_DepreciationDepletionAndAmortization
Provision for Non-Cash Losses on Inventory and Receivables 1,959atro_ProvisionForNonCashLossesOnInventoryAndReceivables 216atro_ProvisionForNonCashLossesOnInventoryAndReceivables 1,632atro_ProvisionForNonCashLossesOnInventoryAndReceivables
Stock Compensation Expense 1,730us-gaap_ShareBasedCompensation 1,384us-gaap_ShareBasedCompensation 1,351us-gaap_ShareBasedCompensation
Deferred Tax Benefit (4,677)us-gaap_DeferredIncomeTaxExpenseBenefit (722)us-gaap_DeferredIncomeTaxExpenseBenefit (1,544)us-gaap_DeferredIncomeTaxExpenseBenefit
Non-cash Adjustment to Contingent Consideration (4,971)us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 (39)us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 9us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1
Other 268us-gaap_OtherNoncashIncomeExpense (578)us-gaap_OtherNoncashIncomeExpense 154us-gaap_OtherNoncashIncomeExpense
Cash Flows from Changes in Operating Assets and Liabilities, net of the Effects from Acquisitions of Businesses:      
Accounts Receivable (18,850)us-gaap_IncreaseDecreaseInAccountsReceivable 3,493us-gaap_IncreaseDecreaseInAccountsReceivable (8,097)us-gaap_IncreaseDecreaseInAccountsReceivable
Inventories 25,732us-gaap_IncreaseDecreaseInInventories (5,222)us-gaap_IncreaseDecreaseInInventories (9,330)us-gaap_IncreaseDecreaseInInventories
Prepaid Expenses (2,806)us-gaap_IncreaseDecreaseInPrepaidExpense 380us-gaap_IncreaseDecreaseInPrepaidExpense 335us-gaap_IncreaseDecreaseInPrepaidExpense
Accounts Payable (8,005)us-gaap_IncreaseDecreaseInAccountsPayable 5,831us-gaap_IncreaseDecreaseInAccountsPayable (537)us-gaap_IncreaseDecreaseInAccountsPayable
Accrued Expenses 6,826us-gaap_IncreaseDecreaseInAccruedLiabilities 3,559us-gaap_IncreaseDecreaseInAccruedLiabilities 3,365us-gaap_IncreaseDecreaseInAccruedLiabilities
Income Taxes Payable (4,084)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable 2,271us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable 669us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
Customer Advanced Payments and Deferred Revenue 21,664us-gaap_IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits (359)us-gaap_IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits 6,490us-gaap_IncreaseDecreaseInDeferredRevenueAndCustomerAdvancesAndDeposits
Billings in Excess of Recoverable Costs and Accrued Profits on Uncompleted Contracts 391us-gaap_IncreaseDecreaseInBillingInExcessOfCostOfEarnings (188)us-gaap_IncreaseDecreaseInBillingInExcessOfCostOfEarnings (76)us-gaap_IncreaseDecreaseInBillingInExcessOfCostOfEarnings
Supplemental Retirement Plan and Other Liabilities 1,273us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities 1,198us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities 978us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities
Cash Provided By Operating Activities 99,874us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 49,549us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 24,178us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash Flows from Investing Activities      
Acquisition of Business, Net of Cash Acquired (68,201)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (159,761)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (10,659)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Payment of Contingent Consideration (37)us-gaap_PaymentsForPreviousAcquisition (81)us-gaap_PaymentsForPreviousAcquisition  
Capital Expenditures (40,882)us-gaap_PaymentsToAcquireProductiveAssets (6,868)us-gaap_PaymentsToAcquireProductiveAssets (16,720)us-gaap_PaymentsToAcquireProductiveAssets
Cash Used For Investing Activities (109,120)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (166,710)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (27,379)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash Flows from Financing Activities      
Proceeds From Long-term Debt 245,894us-gaap_ProceedsFromIssuanceOfLongTermDebt 190,000us-gaap_ProceedsFromIssuanceOfLongTermDebt  
Principal Payments on Long-term Debt (275,544)us-gaap_RepaymentsOfLongTermDebt (19,498)us-gaap_RepaymentsOfLongTermDebt (10,307)us-gaap_RepaymentsOfLongTermDebt
Proceeds from Note Payable     10,000us-gaap_ProceedsFromNotesPayable
Payments on Note Payable   (7,000)us-gaap_RepaymentsOfNotesPayable (3,000)us-gaap_RepaymentsOfNotesPayable
Debt Acquisition Costs (573)us-gaap_PaymentsOfDebtIssuanceCosts (2,288)us-gaap_PaymentsOfDebtIssuanceCosts  
Proceeds from Exercise of Stock Options 1,848us-gaap_ProceedsFromStockOptionsExercised 1,922us-gaap_ProceedsFromStockOptionsExercised 1,714us-gaap_ProceedsFromStockOptionsExercised
Income Tax Benefit from Exercise of Stock Options 5,262us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 1,198us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 1,252us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Cash (Used For) Provided By Financing Activities (23,113)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 164,334us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations (341)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Effect of Exchange Rates on Cash (1,079)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 82us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 3us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
(Decrease) Increase in Cash and Cash Equivalents (33,438)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 47,255us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (3,539)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and Cash Equivalents at Beginning of Year 54,635us-gaap_CashAndCashEquivalentsAtCarryingValue 7,380us-gaap_CashAndCashEquivalentsAtCarryingValue 10,919us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and Cash Equivalents at End of Year 21,197us-gaap_CashAndCashEquivalentsAtCarryingValue 54,635us-gaap_CashAndCashEquivalentsAtCarryingValue 7,380us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental Cash Flow Information:      
Interest Paid 7,816us-gaap_InterestPaid 3,543us-gaap_InterestPaid 1,068us-gaap_InterestPaid
Income Taxes Paid, Net of Refunds 26,619us-gaap_IncomeTaxesPaidNet 8,025us-gaap_IncomeTaxesPaidNet 9,330us-gaap_IncomeTaxesPaidNet
Value of Shares Issued as Consideration for Acquisition   $ 13,473atro_NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationSharesIssuedValue