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Astec Industries Inc. – ‘10-Q’ for 6/30/22 – ‘R15’

On:  Wednesday, 8/3/22, at 4:16pm ET   ·   For:  6/30/22   ·   Accession #:  792987-22-49   ·   File #:  1-11595

Previous ‘10-Q’:  ‘10-Q’ on 5/5/22 for 3/31/22   ·   Next:  ‘10-Q’ on 11/3/22 for 9/30/22   ·   Latest:  ‘10-Q’ on 5/2/24 for 3/31/24   ·   3 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size

 8/03/22  Astec Industries Inc.             10-Q        6/30/22   72:9M

Quarterly Report   —   Form 10-Q

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Form 10-Q - Q2 2022                                 HTML   2.11M 
 2: EX-31.1     EX-31.1 - CEO 302 Certification                     HTML     25K 
 3: EX-31.2     EX-31.2 - CFO 302 Certification                     HTML     25K 
 4: EX-32.1     EX-32.1 - CEO 906 Certification                     HTML     21K 
 5: EX-32.2     EX-32.2 - CFO 906 Certification                     HTML     21K 
11: R1          Cover Page                                          HTML     73K 
12: R2          Consolidated Balance Sheets                         HTML    162K 
13: R3          Consolidated Balance Sheets (Parenthetical)         HTML     46K 
14: R4          Consolidated Statements of Operations               HTML    113K 
15: R5          Consolidated Statements of Comprehensive (Loss)     HTML     54K 
                Income                                                           
16: R6          Consolidated Statements of Cash Flows               HTML    141K 
17: R7          Consolidated Statements of Equity                   HTML     93K 
18: R8          Consolidated Statements of Equity (Parenthetical)   HTML     22K 
19: R9          Basis of Presentation and Significant Accounting    HTML     37K 
                Policies                                                         
20: R10         Immaterial Error Correction                         HTML    115K 
21: R11         Acquisitions                                        HTML     36K 
22: R12         Inventories                                         HTML     30K 
23: R13         Fair Value Measurements                             HTML     78K 
24: R14         Product Warranty Reserves                           HTML     36K 
25: R15         Accrued Loss Reserves                               HTML     22K 
26: R16         Income Taxes                                        HTML     28K 
27: R17         Commitments and Contingencies                       HTML     32K 
28: R18         Revenue Recognition                                 HTML    176K 
29: R19         Segment Information                                 HTML     90K 
30: R20         Strategic Transformation and Restructuring,         HTML     89K 
                Impairment and Other Asset Charges                               
31: R21         (Loss) Earnings Per Common Share                    HTML     32K 
32: R22         Basis of Presentation and Significant Accounting    HTML     35K 
                Policies (Policies)                                              
33: R23         Out Of Period Error Revision (Tables)               HTML    115K 
34: R24         Acquisitions (Tables)                               HTML     34K 
35: R25         Inventories (Tables)                                HTML     30K 
36: R26         Fair Value Measurements (Tables)                    HTML     72K 
37: R27         Product Warranty Reserves (Tables)                  HTML     36K 
38: R28         Revenue Recognition (Tables)                        HTML    175K 
39: R29         Segment Information (Tables)                        HTML     83K 
40: R30         Strategic Transformation and Restructuring,         HTML     86K 
                Impairment and Other Asset Charges (Tables)                      
41: R31         (Loss) Earnings Per Common Share (Tables)           HTML     31K 
42: R32         Basis of Presentation and Significant Accounting    HTML     31K 
                Policies (Details)                                               
43: R33         Immaterial Error Correction - Balance Sheet         HTML    110K 
                Adjustment (Details)                                             
44: R34         Immaterial Error Correction - Statement of          HTML    100K 
                Operations Adjustment (Details)                                  
45: R35         Immaterial Error Correction - Statements of         HTML     48K 
                Comprehensive Income Adjustment (Details)                        
46: R36         Immaterial Error Correction - Statement of Cash     HTML     52K 
                Flow Adjustment (Details)                                        
47: R37         Immaterial Error Correction - Statement of Equity   HTML     42K 
                Adjustment (Details)                                             
48: R38         Acquisitions - Narrative (Details)                  HTML     41K 
49: R39         Acquisitions - Purchase Price Allocation (Details)  HTML     63K 
50: R40         Inventories (Details)                               HTML     33K 
51: R41         Fair Value Measurements - Schedule of Fair Value,   HTML     83K 
                Assets and Liabilities Measure on Recurring Basis                
                (Details)                                                        
52: R42         Product Warranty Reserves (Details)                 HTML     37K 
53: R43         Accrued Loss Reserves (Details)                     HTML     25K 
54: R44         Income Taxes (Details)                              HTML     31K 
55: R45         Commitments and Contingencies (Details)             HTML     52K 
56: R46         Revenue Recognition - Disaggregation of Revenue     HTML    135K 
                (Details)                                                        
57: R47         Revenue Recognition - Narrative (Details)           HTML     29K 
58: R48         Segment Information- Narrative (Details)            HTML     28K 
59: R49         Segment Information - Summary of Segment            HTML     57K 
                Information (Details)                                            
60: R50         Segment Information - Reconciliation of Total       HTML     72K 
                Segment Profits to Consolidated Totals (Details)                 
61: R51         Strategic Transformation and Restructuring,         HTML     59K 
                Impairment and Other Asset Charges - Narrative                   
                (Details)                                                        
62: R52         Strategic Transformation and Restructuring,         HTML     48K 
                Impairment and Other Asset Charges - Restructuring               
                and the Net Gain on Sale of Property and Equipment               
                (Details)                                                        
63: R53         Strategic Transformation and Restructuring,         HTML     29K 
                Impairment and Other Asset Charges - Restructuring               
                Charge by Segment (Details)                                      
64: R54         Strategic Transformation and Restructuring,         HTML     30K 
                Impairment and Other Asset Charges - Asset                       
                Impairment Charges (Details)                                     
65: R55         Strategic Transformation and Restructuring,         HTML     28K 
                Impairment and Other Asset Charges - Sale of Fixed               
                Assets by Segment (Details)                                      
66: R56         Strategic Transformation and Restructuring,         HTML     28K 
                Impairment and Other Asset Charges - Restructuring               
                Costs (Details)                                                  
67: R57         (Loss) Earnings Per Common Share (Details)          HTML     28K 
70: XML         IDEA XML File -- Filing Summary                      XML    128K 
68: XML         XBRL Instance -- aste-20220630_htm                   XML   3.04M 
69: EXCEL       IDEA Workbook of Financial Reports                  XLSX    136K 
 7: EX-101.CAL  XBRL Calculations -- aste-20220630_cal               XML    180K 
 8: EX-101.DEF  XBRL Definitions -- aste-20220630_def                XML    495K 
 9: EX-101.LAB  XBRL Labels -- aste-20220630_lab                     XML   1.24M 
10: EX-101.PRE  XBRL Presentations -- aste-20220630_pre              XML    822K 
 6: EX-101.SCH  XBRL Schema -- aste-20220630                         XSD    121K 
71: JSON        XBRL Instance as JSON Data -- MetaLinks              363±   540K 
72: ZIP         XBRL Zipped Folder -- 0000792987-22-000049-xbrl      Zip    398K 


‘R15’   —   Accrued Loss Reserves


This is an IDEA Financial Report.  [ Alternative Formats ]



 
v3.22.2
Accrued Loss Reserves
6 Months Ended
Accrued Loss Reserves [Abstract]  
Accrued Loss Reserves Accrued Loss ReservesThe Company records reserves for losses related to known workers' compensation and general liability claims that have been incurred but not yet paid or are estimated to have been incurred but not yet reported to the Company. The undiscounted reserves are actuarially determined based on the Company's evaluation of the type and severity of individual claims and historical information, primarily its own claims experience, along with assumptions about future events. Changes in assumptions, as well as changes in actual experience, could cause these estimates to change in the future. Total accrued loss reserves were $6.4 million and $5.8 million at June 30, 2022 and December 31, 2021 respectively, of which $4.2 million and $3.9 million were included in "Other long-term liabilities" in the Consolidated Balance Sheets at June 30, 2022 and December 31, 2021, respectively.

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:8/3/22
For Period end:6/30/22
12/31/2110-K,  11-K,  SD
 List all Filings 


1 Subsequent Filing that References this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

11/03/22  Astec Industries Inc.             10-Q        9/30/22   71:9.2M


2 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 5/05/22  Astec Industries Inc.             10-Q        3/31/22   70:8.4M
 2/28/22  Astec Industries Inc.             10-K       12/31/21  124:15M
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Filing Submission 0000792987-22-000049   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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