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

Quarterly report pursuant to Section 13 or 15(d)

Sales to Major Customers

Sales to Major Customers

3 Months Ended

Mar. 29, 2014

13) Sales to Major Customers

The Company has a significant concentration of business with two major customers, Panasonic Aviation Corporation (“Panasonic”) and The Boeing Company (“Boeing”). The following is information relating to the activity with those customers:


	Three Months Ended
	March 29, 2014			March 30, 2013
Percent of consolidated revenue
Panasonic		19.5	%		33.4	%
Boeing		15.3	%		5.8	%


(In thousands)	March 29, 2014		Dec. 31, 2013
Accounts Receivable
Panasonic	$	13,805	$	14,090
Boeing		8,793		6,458

- Definition

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

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