Astec Industries (ASTE) 10-Q 6 May 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2016	Apr. 28, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	ASTEC INDUSTRIES INC
Entity Central Index Key	792,987
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		23,041,341
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2016

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 62,445	$ 25,062
Investments	1,654	1,539
Trade receivables	116,364	98,865
Other receivables	3,007	3,132
Inventories	389,504	384,776
Prepaid expenses and other	26,961	28,423
Total current assets	599,935	541,797
Property and equipment, net	171,205	170,206
Investments	12,243	11,540
Goodwill	30,452	30,835
Other long-term assets	21,945	22,975
Total assets	835,780	777,353
Current liabilities:
Current maturities of long-term debt	4,662	4,528
Accounts payable	56,188	48,385
Accrued product warranty	10,397	9,100
Customer deposits	62,219	40,082
Accrued payroll and related liabilities	16,400	17,375
Accrued loss reserves	3,166	2,838
Accrued income taxes payable	6,161	103
Other current liabilities	23,448	19,601
Total current liabilities	182,641	142,012
Long-term debt	6,261	5,154
Deferred income tax liabilities	2,348	2,348
Other long-term liabilities	18,268	17,981
Total liabilities	209,518	167,495
Shareholders' equity	624,430	608,072
Non-controlling interest	1,832	1,786
Total equity	626,262	609,858
Total liabilities and equity	$ 835,780	$ 777,353

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Condensed Consolidated Statements of Income (unaudited) [Abstract]
Net sales	$ 278,721	$ 288,748
Cost of sales	206,765	222,703
Gross profit	71,956	66,045
Selling, general, administrative and engineering expenses	43,806	43,804
Income from operations	28,150	22,241
Interest expense	467	297
Other income, net of expenses	544	1,761
Income from operations before income taxes	28,227	23,705
Income taxes	10,549	8,788
Net income	17,678	14,917
Net loss attributable to non-controlling interest	(65)	(188)
Net income attributable to controlling interest	$ 17,743	$ 15,105
Net income attributable to controlling interest:
Basic (in dollars per share)	$ 0.77	$ 0.66
Diluted (in dollars per share)	$ 0.77	$ 0.65
Weighted average number of common shares outstanding:
Basic (in shares)	22,965	22,904
Diluted (in shares)	23,135	23,114
Dividends declared per common share (in dollars per share)	$ 0.10	$ 0.10

Condensed Consolidated Stateme4

Condensed Consolidated Statements of Comprehensive Income (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Condensed Consolidated Statements of Comprehensive Income (unaudited) [Abstract]
Net income	$ 17,678	$ 14,917
Other comprehensive income:
Change in unrecognized pension and post-retirement benefit costs	0	28
Income tax benefit on change in unrecognized pension and post-retirement benefit costs	0	27
Foreign currency translation adjustments	1,730	(6,258)
Income tax (provision) benefit on foreign currency translation adjustments	(335)	350
Other comprehensive income (loss)	1,395	(5,853)
Comprehensive income	19,073	9,064
Comprehensive income (loss) attributable to non-controlling interest	60	(537)
Comprehensive income attributable to controlling interest	$ 19,013	$ 9,601

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities:
Net income	$ 17,678	$ 14,917
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	5,870	6,040
Provision (benefit) for doubtful accounts	289	(234)
Provision for warranties	3,615	4,146
Deferred compensation provision	380	392
Stock-based compensation	511	359
Tax benefit from stock incentive plans	0	(347)
Deferred income tax benefit	0	(2,013)
Gain on disposition of fixed assets	(71)	(13)
Distributions to SERP participants	(92)	0
Change in operating assets and liabilities:
Sale (purchase) of trading securities, net	(678)	327
Trade and other receivables	(17,667)	(22,001)
Inventories	(4,728)	(474)
Prepaid expenses	(4,042)	2,561
Other assets	1,384	1,952
Accounts payable	8,193	5,233
Accrued product warranty	(2,357)	(3,384)
Customer deposits	22,138	(10,902)
Prepaid and income taxes payable, net	9,745	10,544
Other	4,895	(507)
Net cash provided by operating activities	45,063	6,596
Cash flows from investing activities:
Expenditures for property and equipment	(5,054)	(6,873)
Proceeds from sale of property and equipment	111	55
Other	(12)	0
Net cash used by investing activities	(4,955)	(6,818)
Cash flows from financing activities:
Payment of dividends	(2,304)	(2,296)
Borrowings under bank loans	1,394	51,098
Repayments of bank loans	(1,120)	(50,012)
Tax benefit from stock issued under incentive plans	0	347
Sale (purchase) of Company shares held by SERP, net	(20)	2,003
Withholding tax paid upon vesting of restricted stock units	(1,022)	(600)
Net cash provided (used) by financing activities	(3,072)	540
Effect of exchange rates on cash	347	(877)
Net increase (decrease) in cash and cash equivalents	37,383	(559)
Cash and cash equivalents, beginning of period	25,062	13,023
Cash and cash equivalents, end of period	$ 62,445	$ 12,464

Condensed Consolidated Stateme6

Condensed Consolidated Statement of Equity (unaudited) - 3 months ended Mar. 31, 2016 - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Loss [Member]	Company Shares Held by SERP [Member]	Retained Earnings [Member]	Non-controlling Interest [Member]	Total
Balance at Dec. 31, 2015	$ 4,598	$ 137,883	$ (23,564)	$ (1,778)	$ 490,933	$ 1,786	$ 609,858
Balance (in shares) at Dec. 31, 2015	22,988
Net income	$ 0	0	0	0	17,743	(65)	17,678
Other comprehensive income	0	0	1,395	0	0	125	1,520
Dividends declared	0	2	0	0	(2,306)	0	(2,304)
Stock-based compensation	$ 0	511	0	0	0	0	511
Stock-based compensation (in shares)	1
Stock issued under incentive plans	$ 10	(10)	0	0	0	0	0
Stock issued under incentive plans (in shares)	52
Withholding tax paid upon vesting of RSUs	$ 0	(1,022)	0	0	0	0	(1,022)
SERP transactions, net	0	7	0	(27)	0	0	(20)
Cumulative effect of adopting ASU No. 2016-09	0	150	0	0	(95)	0	55
Other	0	0	0	0	0	(14)	(14)
Balance at Mar. 31, 2016	$ 4,608	$ 137,521	$ (22,169)	$ (1,805)	$ 506,275	$ 1,832	$ 626,262
Balance (in shares) at Mar. 31, 2016	23,041

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
	Mar. 31, 2016
Significant Accounting Policies [Abstract]
Significant Accounting Policies	Note Significant Accounting Policies Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X promulgated under the Securities Act of 1933. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America (“U.S. GAAP”) for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three-month period ended March 31, 2016 are not necessarily indicative of the results that may be expected for the year ending December 31, 2016. It is suggested that these unaudited condensed consolidated financial statements be read in conjunction with the financial statements and the notes thereto included in the Astec Industries, Inc. Annual Report on Form 10-K for the year ended December 31, 2015. The unaudited condensed consolidated balance sheet as of December 31, 2015 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by U.S. GAAP for complete financial statements. Dollar and share amounts shown are in thousands, except per share amounts, unless otherwise specified. Certain amounts previously reported for 2015 have been reclassified to conform with current year presentation. Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (‘FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, "Revenue from Contracts with Customers," which supersedes existing revenue guidance under U.S. GAAP. The standard's core principle is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. The implementation of this new standard will require companies to use more judgment and to make more estimates than under current guidance. The standard is effective for public companies for annual periods beginning after December 15, 2017. The Company plans to adopt the new standard effective January 1, 2018. The Company has not yet determined what impact, if any, the adoption of this new standard will have on the Company's financial position or results of operations. In July 2015, the FASB issued ASU No. 2015-11, "Inventory (Topic 330): Simplifying the Measurement of Inventory," which changes the measurement basis for inventory from the lower of cost or market to lower of cost and net realizable value and also eliminates the requirement for companies to consider replacement cost or net realizable value less an approximate normal profit margin when determining the recorded value of inventory. The standard is effective for public companies in fiscal years beginning after December 15, 2016, and the Company expects to adopt the standard effective January 1, 2017. The Company has not yet determined what impact, if any, the adoption of this new standard will have on the Company's financial position or results of operations. In January 2016, the FASB issued ASU No. 2016-01, “Financial Instruments—Overall (Subtopic 825-10)”, which requires, among other things, equity investments with readily determinable fair values, except those accounted for under the equity method of accounting or those that result in consolidation of the investee, to be measured at fair value with changes in fair value recognized in net income. The standard is effective for public companies in fiscal years beginning after December 15, 2017, and the Company expects to adopt the standard effective January 1, 2018. The Company has not yet determined what impact, if any, the adoption of this new standard will have on the Company's financial position or results of operations. In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)”, which significantly changes the accounting for operating leases by lessees. The accounting applied by lessors is largely unchanged from that applied under previous guidance. The new guidance requires lessees to recognize lease assets and lease liabilities in the balance sheet, initially measured at the present value of the lease payments, for leases which were classified as operating leases under previous guidance. Lease cost included in the statement of income will be calculated so that the cost of the lease is allocated over the lease term, generally on a straight-line basis. Lessees may make an accounting policy election to exclude leases with a term of 12 months or less from the requirement to record related assets and liabilities. The new standard is effective for public companies for fiscal years beginning after December 15, 2018. The Company plans to adopt the new standard effective January 1, 2019. The Company has not yet determined what impact the adoption of this new standard will have on the Company's financial position or results of operations. In March 2016, the FASB issued ASU No. 2016-08, “Revenue from Contracts with Customers (Topic 606)”, which does not change the core principles of ASU No. 2014-09 discussed above, but rather clarifies the implementation guidance in order to eliminate the potential for diversity in practice arising from inconsistent application of the principal versus agent guidance. Under the new guidance, when an entity determines it is a principal in a transaction, the entity recognizes revenue in the gross amount of consideration; however in transactions where an entity determines it in an agent, the entity recognizes revenue in the amount of any fee or commission to which it expects to be entitled. The standard is effective for public companies for annual periods beginning after December 15, 2017. The Company plans to adopt the new standard effective January 1, 2018. The Company has not yet determined what impact, if any, the adoption of this new standard will have on the Company's financial position or results of operations. In March 2016, the FASB issued ASU No. 2016-09, “Compensation—Stock Compensation (Topic 718)”, as part of its Simplification Initiative. The standard’s provisions impact several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification in the statement of cash flows. The standard is effective for public companies for annual periods beginning after December 15, 2016, with early adoption permitted. The Company adopted the new standard effective January 1, 2016 and has recorded a cumulative effect adjustment in retained earnings as of January 1, 2016 of $95, net of tax, related to the adoption of the new provisions allowing for restricted stock unit forfeitures to be accounted for at the time they occur as opposed to being estimated during the vesting period. Additionally, income tax benefits of $209, which would have been recorded in additional paid-in-capital under prior guidance, have been recorded in the first quarter 2016 consolidated income statement related to excess tax benefits resulting from the vesting of restricted stock units in 2016. As allowed under the provision’s guidelines, amounts for 2015 have not been restated in the accompanying financial statements.

Earnings per Share

Earnings per Share	3 Months Ended
	Mar. 31, 2016
Earnings per Share [Abstract]
Earnings per Share	Note Earnings per Share Basic earnings per share are determined by dividing earnings by the weighted average number of common shares outstanding during each period. Diluted earnings per share include the potential dilutive effect of options, restricted stock units and shares held in the Company’s Supplemental Executive Retirement Plan. The following table sets forth the computation of net income attributable to controlling interest and the number of basic and diluted shares used in the computation of earnings per share: Three Months Ended 2016 2015 Numerator: Net income attributable to controlling interest $ 17,743 $ 15,105 Denominator: Denominator for basic earnings per share 22,965 22,904 Effect of dilutive securities: Employee stock options and restricted stock units 106 145 Supplemental Executive Retirement Plan 64 65 Denominator for diluted earnings per share 23,135 23,114

Receivables

Receivables	3 Months Ended
	Mar. 31, 2016
Receivables [Abstract]
Receivables	Note Receivables Receivables are net of allowances for doubtful accounts of $2,118 and $1,837 as of March 31, 2016 and December 31, 2015, respectively.

Inventories

Inventories	3 Months Ended
	Mar. 31, 2016
Inventories [Abstract]
Inventories	Note Inventories Inventories consist of the following: March 31, December 31, Raw materials and parts $ 149,471 $ 141,967 Work-in-process 132,305 113,859 Finished goods 82,419 104,879 Used equipment 25,309 24,071 Total $ 389,504 $ 384,776 Raw material inventory is comprised of purchased steel and other purchased items for use in the manufacturing process or held for sale in the Company’s after-market parts business. The category also includes the manufacturing cost of completed equipment sub-assemblies produced for either integration into equipment manufactured at a later date or for sale in the Company’s after-market parts business. Work-in-process inventory consists of the value of materials, labor and overhead incurred to date in the manufacturing of incomplete equipment or incomplete equipment sub-assemblies being produced. Finished goods inventory consists of completed equipment manufactured for sale to customers. Used inventory consists of equipment accepted in trade or purchased on the open market. The category also includes equipment rented to prospective customers on a short-term or month-to-month basis. Used equipment is valued at the lower of acquired or trade-in cost or market determined on each separate unit. Each unit of rental equipment is valued at its original manufacturing cost and is reduced by an appropriate reserve each month during the period of time the equipment is rented. Inventories are valued at the lower of cost (first-in, first-out) or market, which requires the Company to make specific estimates, assumptions and judgments in determining the amount, if any, of reductions in the valuation of inventories to their net realizable values. The net realizable values of the Company’s products are impacted by a number of factors, including changes in the price of steel, competitive sales pricing, quantities of inventories on hand, the age of the individual inventory items, market acceptance of the Company’s products, the Company’s normal gross margins, actions by the Company’s competitors, the condition of the Company’s used and rental inventory and general economic factors. Once an inventory item’s value has been deemed to be less than cost, a net realizable value allowance is calculated and a new “cost basis” for that item is effectively established. This new cost is retained for that item until such time as the item is disposed of or the Company determines that an additional write-down is necessary. Additional write-downs may be required in the future based upon changes in assumptions due to general economic downturns in the markets in which the Company operates, changes in competitor pricing, new product design or other technological advances introduced by the Company or its competitors and other factors unique to individual inventory items. The most significant component of the Company’s inventory is steel. A significant decline in the market price of steel could result in a decline in the market value of the equipment or parts the Company sells. During periods of significant declining steel prices, the Company reviews the valuation of its inventories to determine if reductions are needed in the recorded value of inventory on hand to its net realizable value. The Company reviews the individual items included in its finished goods, used equipment and rental equipment inventory on a model-by-model or unit-by-unit basis to determine if any item’s net realizable value is below its carrying value each quarter. This analysis is expanded to include items in work-in-process and raw material inventory if factors indicate those items may also be impacted. In performing this review, judgments are made and, in addition to the factors discussed above, additional consideration is given to the age of the specific items of used or rental inventory, prior sales offers or lack thereof, the physical condition of the specific items and general market conditions for the specific items. Additionally, an analysis of raw material inventory is performed each quarter to calculate any valuation write-downs needed for obsolete inventory based upon quantities of items on hand, the age of those items and their recent and expected future usage or sale. When the Company determines that the value of inventory has become impaired through damage, deterioration, obsolescence, changes in price levels, excessive levels of inventory or other causes, the Company reduces the carrying value to estimated market value based on estimates, assumptions and judgments made from the information available at that time. Abnormal amounts of idle facility expense, freight, handling cost and wasted materials are recognized as current period charges.

Property and Equipment

Property and Equipment	3 Months Ended
	Mar. 31, 2016
Property and Equipment [Abstract]
Property and Equipment	Note Property and Equipment Property and equipment is stated at cost, less accumulated depreciation of $207,856 and $203,471 as of March 31, 2016 and December 31, 2015, respectively.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2016
Fair Value Measurements [Abstract]
Fair Value Measurements	Note Fair Value Measurements The Company has various financial instruments that must be measured at fair value on a recurring basis, including marketable debt and equity securities held by Astec Insurance Company (“Astec Insurance”), the Company’s captive insurance company, and marketable equity securities held in an unqualified Supplemental Executive Retirement Plan (“SERP”). The obligations of the Company associated with the financial assets held in the SERP also constitute a liability of the Company for financial reporting purposes and are included in other long-term liabilities in the accompanying balance sheets. The Company’s subsidiaries also occasionally enter into foreign currency exchange contracts to mitigate exposure to fluctuations in currency exchange rates. The carrying amount of cash and cash equivalents, trade receivables, other receivables, revolving debt, accounts payable and long-term debt approximates their fair value because of their short-term nature and/or interest rates associated with the instruments. Investments are carried at their fair value based on quoted market prices for identical or similar assets or, where no quoted prices exist, other observable inputs for the asset. The fair values of foreign currency exchange contracts are based on quotations from various banks for similar instruments using models with market based inputs. Financial assets and liabilities are categorized based upon the level of judgment associated with the inputs used to measure their fair value. The inputs used to measure the fair value are identified in the following hierarchy: Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 - Unadjusted quoted prices in active markets for similar assets or liabilities; or unadjusted Level 3 - Inputs reflect management’s best estimate of what market participants would use in pricing As indicated in the tables below (which excludes the Company’s pension assets), the Company has determined that all of its financial assets and liabilities as of March 31, 2016 and December 31, 2015 are Level 1 and Level 2 in the fair value hierarchy as defined above: March 31, 2016 Level 1 Level 2 Total Financial Assets: Trading equity securities: SERP money market fund $ 453 $ - $ 453 SERP mutual funds 2,895 -- 2,895 Preferred stocks 1,008 -- 1,008 Trading debt securities: Corporate bonds 2,821 621 3,442 Municipal bonds -- 3,036 3,036 Floating rate notes 72 -- 72 Asset backed securities -- 779 779 Savings bonds 84 -- 84 Other -- 2,128 2,128 Derivative financial instruments -- 488 488 Total financial assets $ 7,333 $ 7,052 $ 14,385 Financial Liabilities: SERP liabilities $ -- $ 6,307 $ 6,307 Derivative financial instruments -- 526 526 Total financial liabilities $ -- $ 6,833 $ 6,833 December 31, 2015 Level 1 Level 2 Total Financial Assets: Trading equity securities: SERP money market fund $ 445 $ -- $ 445 SERP mutual funds 2,864 -- 2,864 Preferred stocks 742 -- 742 Trading debt securities: Corporate bonds 3,756 141 3,897 Municipal bonds -- 1,811 1,811 Floating rate notes 84 -- 84 U.S. Treasury bills 404 -- 404 Savings bonds 77 -- 77 Other -- 2,755 2,755 Derivative financial instruments -- 1,265 1,265 Total financial assets $ 8,372 $ 5,972 $ 14,344 Financial Liabilities: SERP liabilities $ - $ 5,869 $ 5,869 Total financial liabilities $ - $ 5,869 $ 5,869 The Company reevaluates the volume of trading activity for each of its investments at the end of each quarter and adjusts the level within the fair value hierarchy as needed. Three bond investments with a combined March 31, 2016 market value of $636 changed from Level 1 in the hierarchy at December 31, 2015 to Level 2 at March 31, 2016 due to a reduction in trading activity. The trading equity investments noted above are valued at their fair value based on their quoted market prices, and the debt securities are valued based upon a mix of observable market prices and model driven prices derived from a matrix of observable market prices for assets with similar characteristics obtained with the assistance of a nationally recognized third party pricing service. Additionally, a significant portion of the SERP’s investments in trading equity securities are in money market and mutual funds. As these money market and mutual funds are held in a SERP, they are also included in the Company’s liability under its SERP. Trading debt securities are comprised of marketable debt securities held by Astec Insurance. Astec Insurance has an investment strategy that focuses on providing regular and predictable interest income from a diversified portfolio of high-quality fixed income securities. Net unrealized gains or losses incurred on investments held as of March 31, 2016 and December 31, 2015 amounted to net losses of $238 and $429, respectively.

Debt

Debt	3 Months Ended
	Mar. 31, 2016
Debt [Abstract]
Debt	Note Debt On April 12, 2012, the Company and certain of its subsidiaries entered into an amended and restated credit agreement whereby Wells Fargo extended to the Company an unsecured line of credit of up to $100,000, including a sub-limit for letters of credit of up to $25,000. There were no borrowings outstanding under the agreement at any time during the three -month period ended March 31, 2016. Letters of credit totaling $17,569, including $11,874 of letters of credit issued to banks in Brazil to secure the local debt of Astec do Brasil Fabricacao de Equipamentos Ltda. (“Astec Brazil”), were outstanding under the credit facility as of March 31, 2016, resulting in additional borrowing ability of $82,431 under the credit facility. The credit agreement has a five -year term expiring in April 2017. Borrowings under the agreement are subject to an interest rate equal to the daily one -month LIBOR rate plus a 0.75% margin, resulting in a rate of 1.19% as of March 31, 2016. The unused facility fee is 0.175% . Interest only payments are due monthly. The amended and restated credit agreement contains certain financial covenants, including provisions concerning required levels of annual net income, minimum tangible net worth and maximum allowed capital expenditures. The Company was in compliance with these covenants as of March 31, 2016. The Company’s South African subsidiary, Osborn Engineered Products SA (Pty) Ltd (“Osborn”), has a credit facility of $6,457 with a South African bank to finance short-term working capital needs, as well as to cover performance letters of credit, advance payment and retention guarantees. As of March 31, 2016, Osborn had no borrowings outstanding under the facility but did have $1,351 in performance, advance payment and retention guarantees outstanding under the facility. The facility has been guaranteed by Astec Industries, Inc., but is otherwise unsecured. A 0.75% unused facility fee is charged if less than 50% of the facility is utilized. As of March 31, 2016, Osborn had available credit under the facility of $5,106. The interest rate is 0.25% less than the South Africa prime rate, resulting in a rate of 10.5% as of March 31, 2016. The Company’s Brazilian subsidiary, Astec Brazil, has outstanding working capital loans totaling $9,502 from three Brazilian banks with interest rates ranging from 10.4% to 20.8% . The loans’ maturity dates range from December 2016 to April 2024 and the debts are secured by Astec Brazil’s manufacturing facility and also by letters of credit totaling $11,874 issued by Astec Industries, Inc. Additionally, Astec Brazil has various 5 -year equipment financing loans outstanding with two Brazilian banks in the aggregate of $1,421 as of March 31, 2016 that have interest rates ranging from 3.5% to 16.3% . These equipment loans have maturity dates ranging from September 2018 to April 2020. Astec Brazil’s loans are included in the accompanying balance sheets as current maturities of long-term debt ( $4,662) and long-term debt ( $6,261) .

Product Warranty Reserves

Product Warranty Reserves	3 Months Ended
	Mar. 31, 2016
Product Warranty Reserves [Abstract]
Product Warranty Reserves	Note Product Warranty Reserves The Company warrants its products against manufacturing defects and performance to specified standards. The warranty period and performance standards vary by market and uses of its products, but generally range from three months to one year or up to a specified number of hours of operation. The Company estimates the costs that may be incurred under its warranties and records a liability at the time product sales are recorded. The product warranty liability is primarily based on historical claim rates, nature of claims and the associated cost. Changes in the Company’s product warranty liability for the three-month periods ended March 31, 2016 and 2015 are as follows: Three Months Ended 2016 2015 Reserve balance, beginning of the period $ 9,100 $ 10,032 Warranty liabilities accrued 3,615 4,146 Warranty liabilities settled (2,357 ) (3,384 ) Other 39 (99 ) Reserve balance, end of the period $ 10,397 $ 10,695

Accrued Loss Reserves

Accrued Loss Reserves	3 Months Ended
	Mar. 31, 2016
Accrued Loss Reserves [Abstract]
Accrued Loss Reserves	Note Accrued Loss Reserves The 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 $7,911 as of March 31, 2016 and $7,663 as of December 31, 2015, of which $4,745 and $4,825 were included in other long-term liabilities as of March 31, 2016 and December 31, 2015, respectively.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2016
Income Taxes [Abstract]
Income Taxes	Note Income Taxes The Company's combined effective income tax rates were 37.4% and 37.1% for the three-month periods ended March 31, 2016 and 2015, respectively. The Company's effective tax rate for the three-month period ended March 31, 2016 includes the effect of state income taxes and other discrete items as well as a benefit for research and development credits. The Company's effective tax rate for the three-month period ended March 31, 2015 includes the effect of state income taxes and other discrete items but does not include benefits for the research and development credits as legislation extending the 2015 research and development credit was not enacted by Congress until the fourth quarter of 2015. The Company's recorded liability for uncertain tax positions as of March 31, 2016 has decreased by approximately $284 as compared to December 31, 2015 as the result of a tax audit settlement related to tax years 2011 and 2012.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2016
Segment Information [Abstract]
Segment Information	Note Segment Information The Company has three reportable segments, each of which is comprised of multiple business units that offer similar products and services and meet the requirements for aggregation. A brief description of each segment is as follows: Infrastructure Group Aggregate and Mining Group Energy Group Corporate The accounting policies of the reportable segments are the same as those described in the summary of significant accounting policies. Intersegment sales and transfers are valued at prices comparable to those for unrelated parties. Segment Information: Three Months Ended March 31, 2016 Infrastructure Aggregate Energy Corporate Total Net sales to external $ 153,114 $ 92,488 $ 33,119 $ - $ 278,721 Intersegment sales 3,173 4,851 3,466 - 11,490 Gross profit (loss) 39,837 25,148 7,082 (111 ) 71,956 Gross profit percent 26.0 % 27.2 % 21.4 % - 25.8 % Segment profit (loss) $ 21,863 $ 9,538 $ (192 ) $ (14,226 ) $ 16,983 Three Months Ended March 31, 2015 Infrastructure Aggregate Energy Corporate Total Net sales to external $ 135,045 $ 106,412 $ 47,291 $ - $ 288,748 Intersegment sales 5,104 10,684 7,477 - 23,265 Gross profit 30,946 25,972 9,119 8 66,045 Gross profit percent 22.9 % 24.4 % 19.3 % - 22.9 % Segment profit (loss) $ 15,511 $ 11,594 $ 163 $ (11,965 ) $ 15,303 A reconciliation of total segment profits to the Company’s consolidated totals is as follows: Three Months Ended 2016 2015 Total segment profits $ 16,983 $ 15,303 Recapture (elimination) of intersegment profit 695 (386 ) Net income 17,678 14,917 Net loss attributable to non-controlling (65 ) (188 ) Net income attributable to controlling interest $ 17,743 $ 15,105

Contingent Matters

Contingent Matters	3 Months Ended
	Mar. 31, 2016
Contingent Matters [Abstract]
Contingent Matters	Note Contingent Matters Certain customers have financed purchases of Company products through arrangements in which the Company is contingently liable for customer debt of $1,947 as of March 31, 2016. The maximum potential amount of future payments for which the Company would be liable was equal to $1,947 as of March 31, 2016. These arrangements also provide that the Company will receive the lender’s full security interest in the equipment financed if the Company is required to fulfill its contingent liability under these arrangements. The Company has recorded a liability of $128 related to these guarantees as of March 31, 2016. In addition, the Company is contingently liable under letters of credit issued by Wells Fargo totaling $17,569 as of March 31, 2016, including $11,874 of letters of credit that guarantee certain Astec Brazil bank debt. The outstanding letters of credit expire at various dates through March 2019. As of March 31, 2016, Osborn is contingently liable for a total of $1,351 in performance letters of credit, advance payments and retention guarantees. The maximum potential amount of future payments under these letters of credit and guarantees for which the Company could be liable is $18,920 as of March 31, 2016. The Company is currently a party to various claims and legal proceedings that have arisen in the ordinary course of business. If management believes that a loss arising from such claims and legal proceedings is probable and can reasonably be estimated, the Company records the amount of the loss (excluding estimated legal fees) or the minimum estimated liability when the loss is estimated using a range and no point within the range is more probable than another. As management becomes aware of additional information concerning such contingencies, any potential liability related to these matters is assessed and the estimates are revised, if necessary. If management believes that a loss arising from such claims and legal proceedings is either (i) probable but cannot be reasonably estimated or (ii) reasonably possible but not probable, the Company does not record the amount of the loss, but does make specific disclosure of such matter. Based upon currently available information and with the advice of counsel, management believes that the ultimate outcome of its current claims and legal proceedings, individually and in the aggregate, will not have a material adverse effect on the Company’s financial position, cash flows or results of operations. However, claims and legal proceedings are subject to inherent uncertainties and rulings unfavorable to the Company could occur. If an unfavorable ruling were to occur, there exists the possibility of a material adverse effect on the Company’s financial position, cash flows or results of operations. During 2004, the Company received notice from the Environmental Protection Agency (“EPA”) that it may be responsible for a portion of the costs incurred in connection with an environmental cleanup in Illinois. The discharge of hazardous materials and associated cleanup relate to activities occurring prior to the Company’s acquisition of Barber-Greene in 1986. The Company believes that over 300 other parties have received similar notices. At this time, the Company cannot predict whether the EPA will seek to hold the Company liable for a portion of the cleanup costs or the amount of any such liability. The Company has not recorded a liability with respect to this matter because no estimate of the amount of any such liability can be made at this time.

Shareholders' Equity

Shareholders' Equity	3 Months Ended
	Mar. 31, 2016
Shareholders' Equity [Abstract]
Shareholders' Equity	Note Shareholders’ Equity Under the Company’s long-term incentive plans, key members of management may be issued restricted stock units (“RSUs”) each year based upon the annual financial performance of the Company and its subsidiaries. The number of RSUs granted each year is determined based upon the performance of individual subsidiaries and consolidated annual financial performance. Generally, for RSUs granted through February 2016, each award will vest at the end of five years from the date of grant, or at the time a recipient retires after reaching age 65, if earlier. Future awards will vest at the end of three years from the date of grant or at the time a recipient retires after reaching age 65, if earlier. A total of 76 and 66 RSUs vested during the three -month periods ended March 31, 2016 and 2015, respectively. The Company withheld 24 and 14 shares due to statutory payroll tax withholding requirements upon the vesting of the RSUs in the first three months of 2016 and 2015, respectively, and used Company funds to remit the related required minimum withholding taxes to the various tax authorities. The vesting date fair value of the RSUs that vested during the first three months of 2016 and 2015 was $3,204 and $2,785, respectively. Compensation expense of $453 and $301 was recorded in the three -month periods ended March 31, 2016 and 2015, respectively, to reflect the fair value of RSUs granted (or anticipated to be granted for 2016 performance) amortized over the portion of the vesting period occurring during the periods.

Other Income, Net of Expenses

Other Income, Net of Expenses	3 Months Ended
	Mar. 31, 2016
Other Income, Net of Expenses [Abstract]
Other Income, Net of Expenses	Note Other Income, Net of Expenses Other income, net of expenses for the three-month periods ended March 31, 2016 and 2015 is presented below: Three Months Ended 2016 2015 Interest income $ 288 $ 137 Income from life insurance policies -- 1,204 Loss on investments (36 ) (22 ) License fee income 195 263 Other 97 179 Total $ 544 $ 1,761

Derivative Financial Instrument

Derivative Financial Instruments	3 Months Ended
	Mar. 31, 2016
Derivative Financial Instruments [Abstract]
Derivative Financial Instruments	Note Derivative Financial Instruments The Company is exposed to certain risks related to its ongoing business operations. The primary risk managed by using derivative instruments is foreign currency risk. From time to time the Company’s foreign subsidiaries enter into foreign currency exchange contracts to mitigate exposure to fluctuations in currency exchange rates. The fair value of the derivative financial instrument is recorded on the Company’s balance sheet and is adjusted to fair value at each measurement date. The changes in fair value are recognized in the consolidated statements of income in the current period. The Company does not engage in speculative transactions nor does it hold or issue financial instruments for trading purposes. The average U.S. dollar equivalent notional amount of outstanding foreign currency exchange contracts was $13,546 during the three-month period ended March 31, 2016. The Company reported $287 of derivative assets in other current assets, $201 of derivative assets in other long-term assets and $526 of derivative liabilities in other current liabilities at March 31, 2016. At December 31, 2015, the Company reported $935 of derivative assets in other current assets, $330 of derivative assets in other long-term assets and $22 of derivative liabilities in other current liabilities. The Company recognized, as a component of cost of sales, a net loss of $661 and a net gain of $418 on the changes in fair value of derivative financial instruments in the three-month periods ended March 31, 2016 and 2015, respectively.

Significant Accounting Polici22

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2016
Significant Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X promulgated under the Securities Act of 1933. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America (“U.S. GAAP”) for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three-month period ended March 31, 2016 are not necessarily indicative of the results that may be expected for the year ending December 31, 2016. It is suggested that these unaudited condensed consolidated financial statements be read in conjunction with the financial statements and the notes thereto included in the Astec Industries, Inc. Annual Report on Form 10-K for the year ended December 31, 2015. The unaudited condensed consolidated balance sheet as of December 31, 2015 has been derived from the audited financial statements at that date but does not include all of the information and footnotes required by U.S. GAAP for complete financial statements. Dollar and share amounts shown are in thousands, except per share amounts, unless otherwise specified. Certain amounts previously reported for 2015 have been reclassified to conform with current year presentation.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (‘FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, "Revenue from Contracts with Customers," which supersedes existing revenue guidance under U.S. GAAP. The standard's core principle is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. The implementation of this new standard will require companies to use more judgment and to make more estimates than under current guidance. The standard is effective for public companies for annual periods beginning after December 15, 2017. The Company plans to adopt the new standard effective January 1, 2018. The Company has not yet determined what impact, if any, the adoption of this new standard will have on the Company's financial position or results of operations. In July 2015, the FASB issued ASU No. 2015-11, "Inventory (Topic 330): Simplifying the Measurement of Inventory," which changes the measurement basis for inventory from the lower of cost or market to lower of cost and net realizable value and also eliminates the requirement for companies to consider replacement cost or net realizable value less an approximate normal profit margin when determining the recorded value of inventory. The standard is effective for public companies in fiscal years beginning after December 15, 2016, and the Company expects to adopt the standard effective January 1, 2017. The Company has not yet determined what impact, if any, the adoption of this new standard will have on the Company's financial position or results of operations. In January 2016, the FASB issued ASU No. 2016-01, “Financial Instruments—Overall (Subtopic 825-10)”, which requires, among other things, equity investments with readily determinable fair values, except those accounted for under the equity method of accounting or those that result in consolidation of the investee, to be measured at fair value with changes in fair value recognized in net income. The standard is effective for public companies in fiscal years beginning after December 15, 2017, and the Company expects to adopt the standard effective January 1, 2018. The Company has not yet determined what impact, if any, the adoption of this new standard will have on the Company's financial position or results of operations. In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842)”, which significantly changes the accounting for operating leases by lessees. The accounting applied by lessors is largely unchanged from that applied under previous guidance. The new guidance requires lessees to recognize lease assets and lease liabilities in the balance sheet, initially measured at the present value of the lease payments, for leases which were classified as operating leases under previous guidance. Lease cost included in the statement of income will be calculated so that the cost of the lease is allocated over the lease term, generally on a straight-line basis. Lessees may make an accounting policy election to exclude leases with a term of 12 months or less from the requirement to record related assets and liabilities. The new standard is effective for public companies for fiscal years beginning after December 15, 2018. The Company plans to adopt the new standard effective January 1, 2019. The Company has not yet determined what impact the adoption of this new standard will have on the Company's financial position or results of operations. In March 2016, the FASB issued ASU No. 2016-08, “Revenue from Contracts with Customers (Topic 606)”, which does not change the core principles of ASU No. 2014-09 discussed above, but rather clarifies the implementation guidance in order to eliminate the potential for diversity in practice arising from inconsistent application of the principal versus agent guidance. Under the new guidance, when an entity determines it is a principal in a transaction, the entity recognizes revenue in the gross amount of consideration; however in transactions where an entity determines it in an agent, the entity recognizes revenue in the amount of any fee or commission to which it expects to be entitled. The standard is effective for public companies for annual periods beginning after December 15, 2017. The Company plans to adopt the new standard effective January 1, 2018. The Company has not yet determined what impact, if any, the adoption of this new standard will have on the Company's financial position or results of operations. In March 2016, the FASB issued ASU No. 2016-09, “Compensation—Stock Compensation (Topic 718)”, as part of its Simplification Initiative. The standard’s provisions impact several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification in the statement of cash flows. The standard is effective for public companies for annual periods beginning after December 15, 2016, with early adoption permitted. The Company adopted the new standard effective January 1, 2016 and has recorded a cumulative effect adjustment in retained earnings as of January 1, 2016 of $95, net of tax, related to the adoption of the new provisions allowing for restricted stock unit forfeitures to be accounted for at the time they occur as opposed to being estimated during the vesting period. Additionally, income tax benefits of $209, which would have been recorded in additional paid-in-capital under prior guidance, have been recorded in the first quarter 2016 consolidated income statement related to excess tax benefits resulting from the vesting of restricted stock units in 2016. As allowed under the provision’s guidelines, amounts for 2015 have not been restated in the accompanying financial statements.

Earnings per Share (Tables)

Earnings per Share (Tables)	3 Months Ended
	Mar. 31, 2016
Earnings per Share [Abstract]
Computation of earnings per share	The following table sets forth the computation of net income attributable to controlling interest and the number of basic and diluted shares used in the computation of earnings per share: Three Months Ended 2016 2015 Numerator: Net income attributable to controlling interest $ 17,743 $ 15,105 Denominator: Denominator for basic earnings per share 22,965 22,904 Effect of dilutive securities: Employee stock options and restricted stock units 106 145 Supplemental Executive Retirement Plan 64 65 Denominator for diluted earnings per share 23,135 23,114

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Mar. 31, 2016
Inventories [Abstract]
Inventories	Inventories consist of the following: March 31, December 31, Raw materials and parts $ 149,471 $ 141,967 Work-in-process 132,305 113,859 Finished goods 82,419 104,879 Used equipment 25,309 24,071 Total $ 389,504 $ 384,776

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2016
Fair Value Measurements [Abstract]
Schedule of financial assets and liabilities, at fair value	As indicated in the tables below (which excludes the Company’s pension assets), the Company has determined that all of its financial assets and liabilities as of March 31, 2016 and December 31, 2015 are Level 1 and Level 2 in the fair value hierarchy as defined above: March 31, 2016 Level 1 Level 2 Total Financial Assets: Trading equity securities: SERP money market fund $ 453 $ - $ 453 SERP mutual funds 2,895 -- 2,895 Preferred stocks 1,008 -- 1,008 Trading debt securities: Corporate bonds 2,821 621 3,442 Municipal bonds -- 3,036 3,036 Floating rate notes 72 -- 72 Asset backed securities -- 779 779 Savings bonds 84 -- 84 Other -- 2,128 2,128 Derivative financial instruments -- 488 488 Total financial assets $ 7,333 $ 7,052 $ 14,385 Financial Liabilities: SERP liabilities $ -- $ 6,307 $ 6,307 Derivative financial instruments -- 526 526 Total financial liabilities $ -- $ 6,833 $ 6,833 December 31, 2015 Level 1 Level 2 Total Financial Assets: Trading equity securities: SERP money market fund $ 445 $ -- $ 445 SERP mutual funds 2,864 -- 2,864 Preferred stocks 742 -- 742 Trading debt securities: Corporate bonds 3,756 141 3,897 Municipal bonds -- 1,811 1,811 Floating rate notes 84 -- 84 U.S. Treasury bills 404 -- 404 Savings bonds 77 -- 77 Other -- 2,755 2,755 Derivative financial instruments -- 1,265 1,265 Total financial assets $ 8,372 $ 5,972 $ 14,344 Financial Liabilities: SERP liabilities $ - $ 5,869 $ 5,869 Total financial liabilities $ - $ 5,869 $ 5,869

Product Warranty Reserves (Tabl

Product Warranty Reserves (Tables)	3 Months Ended
	Mar. 31, 2016
Product Warranty Reserves [Abstract]
Product warranty reserves	Changes in the Company’s product warranty liability for the three-month periods ended March 31, 2016 and 2015 are as follows: Three Months Ended 2016 2015 Reserve balance, beginning of the period $ 9,100 $ 10,032 Warranty liabilities accrued 3,615 4,146 Warranty liabilities settled (2,357 ) (3,384 ) Other 39 (99 ) Reserve balance, end of the period $ 10,397 $ 10,695

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2016
Segment Information [Abstract]
Segment information	The accounting policies of the reportable segments are the same as those described in the summary of significant accounting policies. Intersegment sales and transfers are valued at prices comparable to those for unrelated parties. Segment Information: Three Months Ended March 31, 2016 Infrastructure Aggregate Energy Corporate Total Net sales to external $ 153,114 $ 92,488 $ 33,119 $ - $ 278,721 Intersegment sales 3,173 4,851 3,466 - 11,490 Gross profit (loss) 39,837 25,148 7,082 (111 ) 71,956 Gross profit percent 26.0 % 27.2 % 21.4 % - 25.8 % Segment profit (loss) $ 21,863 $ 9,538 $ (192 ) $ (14,226 ) $ 16,983 Three Months Ended March 31, 2015 Infrastructure Aggregate Energy Corporate Total Net sales to external $ 135,045 $ 106,412 $ 47,291 $ - $ 288,748 Intersegment sales 5,104 10,684 7,477 - 23,265 Gross profit 30,946 25,972 9,119 8 66,045 Gross profit percent 22.9 % 24.4 % 19.3 % - 22.9 % Segment profit (loss) $ 15,511 $ 11,594 $ 163 $ (11,965 ) $ 15,303
Schedule of segment profits to the Company's consolidated totals	A reconciliation of total segment profits to the Company’s consolidated totals is as follows: Three Months Ended 2016 2015 Total segment profits $ 16,983 $ 15,303 Recapture (elimination) of intersegment profit 695 (386 ) Net income 17,678 14,917 Net loss attributable to non-controlling (65 ) (188 ) Net income attributable to controlling interest $ 17,743 $ 15,105

Other Income, Net of Expenses (

Other Income, Net of Expenses (Tables)	3 Months Ended
	Mar. 31, 2016
Other Income, Net of Expenses [Abstract]
Schedule of other income, net of expenses	Other income, net of expenses for the three-month periods ended March 31, 2016 and 2015 is presented below: Three Months Ended 2016 2015 Interest income $ 288 $ 137 Income from life insurance policies -- 1,204 Loss on investments (36 ) (22 ) License fee income 195 263 Other 97 179 Total $ 544 $ 1,761

Significant Accounting Polici29

Significant Accounting Policies (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect adjustment in retained earnings, net of tax	$ 55
Income tax benefits	10,549	$ 8,788
Retained Earnings [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect adjustment in retained earnings, net of tax	(95)
Additional Paid-in-Capital [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect adjustment in retained earnings, net of tax	150
Income tax benefits	$ 209

Earnings per Share (Details)

Earnings per Share (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Numerator [Abstract]
Net income attributable to controlling interest	$ 17,743	$ 15,105
Denominator [Abstract]
Denominator for basic earnings per share (in shares)	22,965	22,904
Effect of dilutive securities [Abstract]
Employee stock options and restricted stock units (in shares)	106	145
Supplemental Executive Retirement Plan (in shares)	64	65
Denominator for diluted earnings per share (in shares)	23,135	23,114

Receivables (Details)

Receivables (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Receivables [Abstract]
Allowances for doubtful accounts	$ 2,118	$ 1,837

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Inventories [Abstract]
Raw materials and parts	$ 149,471	$ 141,967
Work-in-process	132,305	113,859
Finished goods	82,419	104,879
Used equipment	25,309	24,071
Total	$ 389,504	$ 384,776

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Property and Equipment [Abstract]
Accumulated depreciation	$ 207,856	$ 203,471

Fair Value Measurements (Detail

Fair Value Measurements (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016USD ($)Investment	Dec. 31, 2015USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments included in Level 1 were transferred to Level 2	$ 636
Financial Liabilities [Abstract]
Net unrealized losses incurred	$ (238)	$ (429)
Number of bond investments | Investment	3
Measured at Fair Value on a Recurring Basis [Member]
Financial Assets [Abstract]
Derivative financial instruments	$ 488	1,265
Total financial assets	14,385	14,344
Financial Liabilities [Abstract]
SERP liabilities	6,307	5,869
Derivative financial instruments	526
Total financial liabilities	6,833	5,869
Measured at Fair Value on a Recurring Basis [Member] | SERP Money Market Fund [Member]
Financial Assets [Abstract]
Investments	453	445
Measured at Fair Value on a Recurring Basis [Member] | SERP Mutual Funds [Member]
Financial Assets [Abstract]
Investments	2,895	2,864
Measured at Fair Value on a Recurring Basis [Member] | Preferred Stocks [Member]
Financial Assets [Abstract]
Investments	1,008	742
Measured at Fair Value on a Recurring Basis [Member] | Corporate Bonds [Member]
Financial Assets [Abstract]
Investments	3,442	3,897
Measured at Fair Value on a Recurring Basis [Member] | Municipal Bonds [Member]
Financial Assets [Abstract]
Investments	3,036	1,811
Measured at Fair Value on a Recurring Basis [Member] | Floating Rate Notes [Member]
Financial Assets [Abstract]
Investments	72	84
Measured at Fair Value on a Recurring Basis [Member] | U.S. Treasury Bills [Member]
Financial Assets [Abstract]
Investments		404
Measured at Fair Value on a Recurring Basis [Member] | Asset Backed Securities [Member]
Financial Assets [Abstract]
Investments	779
Measured at Fair Value on a Recurring Basis [Member] | Saving Bonds [Member]
Financial Assets [Abstract]
Investments	84	77
Measured at Fair Value on a Recurring Basis [Member] | Other [Member]
Financial Assets [Abstract]
Investments	2,128	2,755
Measured at Fair Value on a Recurring Basis [Member] | Level 1 [Member]
Financial Assets [Abstract]
Derivative financial instruments	0	0
Total financial assets	7,333	8,372
Financial Liabilities [Abstract]
SERP liabilities	0	0
Derivative financial instruments	0
Total financial liabilities	0	0
Measured at Fair Value on a Recurring Basis [Member] | Level 1 [Member] | SERP Money Market Fund [Member]
Financial Assets [Abstract]
Investments	453	445
Measured at Fair Value on a Recurring Basis [Member] | Level 1 [Member] | SERP Mutual Funds [Member]
Financial Assets [Abstract]
Investments	2,895	2,864
Measured at Fair Value on a Recurring Basis [Member] | Level 1 [Member] | Preferred Stocks [Member]
Financial Assets [Abstract]
Investments	1,008	742
Measured at Fair Value on a Recurring Basis [Member] | Level 1 [Member] | Corporate Bonds [Member]
Financial Assets [Abstract]
Investments	2,821	3,756
Measured at Fair Value on a Recurring Basis [Member] | Level 1 [Member] | Municipal Bonds [Member]
Financial Assets [Abstract]
Investments	0	0
Measured at Fair Value on a Recurring Basis [Member] | Level 1 [Member] | Floating Rate Notes [Member]
Financial Assets [Abstract]
Investments	72	84
Measured at Fair Value on a Recurring Basis [Member] | Level 1 [Member] | U.S. Treasury Bills [Member]
Financial Assets [Abstract]
Investments		404
Measured at Fair Value on a Recurring Basis [Member] | Level 1 [Member] | Asset Backed Securities [Member]
Financial Assets [Abstract]
Investments	0
Measured at Fair Value on a Recurring Basis [Member] | Level 1 [Member] | Saving Bonds [Member]
Financial Assets [Abstract]
Investments	84	77
Measured at Fair Value on a Recurring Basis [Member] | Level 1 [Member] | Other [Member]
Financial Assets [Abstract]
Investments	0	0
Measured at Fair Value on a Recurring Basis [Member] | Level 2 [Member]
Financial Assets [Abstract]
Derivative financial instruments	488	1,265
Total financial assets	7,052	5,972
Financial Liabilities [Abstract]
SERP liabilities	6,307	5,869
Derivative financial instruments	526
Total financial liabilities	6,833	5,869
Measured at Fair Value on a Recurring Basis [Member] | Level 2 [Member] | SERP Money Market Fund [Member]
Financial Assets [Abstract]
Investments	0	0
Measured at Fair Value on a Recurring Basis [Member] | Level 2 [Member] | SERP Mutual Funds [Member]
Financial Assets [Abstract]
Investments	0	0
Measured at Fair Value on a Recurring Basis [Member] | Level 2 [Member] | Preferred Stocks [Member]
Financial Assets [Abstract]
Investments	0	0
Measured at Fair Value on a Recurring Basis [Member] | Level 2 [Member] | Corporate Bonds [Member]
Financial Assets [Abstract]
Investments	621	141
Measured at Fair Value on a Recurring Basis [Member] | Level 2 [Member] | Municipal Bonds [Member]
Financial Assets [Abstract]
Investments	3,036	1,811
Measured at Fair Value on a Recurring Basis [Member] | Level 2 [Member] | Floating Rate Notes [Member]
Financial Assets [Abstract]
Investments	0	0
Measured at Fair Value on a Recurring Basis [Member] | Level 2 [Member] | U.S. Treasury Bills [Member]
Financial Assets [Abstract]
Investments		0
Measured at Fair Value on a Recurring Basis [Member] | Level 2 [Member] | Asset Backed Securities [Member]
Financial Assets [Abstract]
Investments	779
Measured at Fair Value on a Recurring Basis [Member] | Level 2 [Member] | Saving Bonds [Member]
Financial Assets [Abstract]
Investments	0	0
Measured at Fair Value on a Recurring Basis [Member] | Level 2 [Member] | Other [Member]
Financial Assets [Abstract]
Investments	$ 2,128	$ 2,755

Debt (Details)

Debt (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)Banks	Dec. 31, 2015USD ($)
Debt [Line Items]
Current maturities of long-term debt	$ 4,662	$ 4,528
Osborn [Member]
Debt [Line Items]
Amount of credit facility	6,457
Borrowings outstanding	$ 0
Unused facility fee as a percentage of line of credit	0.75%
Under utilized facility resulting in unused facility fee	50.00%
Performance bank guarantee, subsidiary obligation to fulfill contracts	$ 1,351
Available credit under the facility	$ 5,106
Interest rate at period end	10.50%
Astec Brazil Working Capital Loans [Member]
Debt [Line Items]
Borrowings outstanding	$ 9,502
Number of banks with outstanding working capital loans | Banks	3
Minimum interest rate	10.40%
Maximum interest rate	20.80%
Astec Brazil Working Capital Loans [Member] | Minimum [Member]
Debt [Line Items]
Maturity date	Dec. 31, 2016
Astec Brazil Working Capital Loans [Member] | Maximum [Member]
Debt [Line Items]
Maturity date	Apr. 30, 2024
Astec Brazil Equipment Financing [Member]
Debt [Line Items]
Term loan	5 years
Number of banks with outstanding working capital loans | Banks	2
Minimum interest rate	3.50%
Maximum interest rate	16.30%
Astec Brazil Working Capital Loans and Equipment Financing [Member]
Debt [Line Items]
Current maturities of long-term debt	$ 4,662
Long-term debt	$ 6,261
South American Prime Rate [Member] | Osborn [Member]
Debt [Line Items]
Basis spread on variable rate	0.25%
Wells Fargo [Member]
Debt [Line Items]
Borrowings outstanding	$ 0
Amount of letters of credit outstanding	17,569
Line of credit, additional borrowing capacity	$ 82,431
Term loan	5 years
Maturity date	Apr. 30, 2017
Interest rate at period end	1.19%
Wells Fargo [Member] | Maximum [Member]
Debt [Line Items]
Amount of credit facility	$ 100,000
Sub-limit for letters of credit	25,000
Wells Fargo [Member] | Astec Brazil Working Capital Loans [Member]
Debt [Line Items]
Contingent liabilities for letters of credit issued on behalf of foreign subsidiaries	$ 11,874
Wells Fargo [Member] | LIBOR [Member]
Debt [Line Items]
Additional rate over base, percentage	0.75%
Unused facility fee as a percentage of line of credit	0.175%
Equipment Financing Loans [Member] | Astec Brazil [Member]
Debt [Line Items]
Borrowings outstanding	$ 1,421
Equipment Financing Loans [Member] | Astec Brazil [Member] | Minimum [Member]
Debt [Line Items]
Maturity date	Sep. 30, 2018
Equipment Financing Loans [Member] | Astec Brazil [Member] | Maximum [Member]
Debt [Line Items]
Maturity date	Apr. 30, 2020

Product Warranty Reserves (Deta

Product Warranty Reserves (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Product Warranty Reserves [Abstract]
Product warranty reserve term, minimum	3 months
Standard product warranty term, maximum	1 year
Product warranty reserves [Roll Forward]
Reserve balance, beginning of the period	$ 9,100	$ 10,032
Warranty liabilities accrued	3,615	4,146
Warranty liabilities settled	(2,357)	(3,384)
Other	39	(99)
Reserve balance, end of the period	$ 10,397	$ 10,695

Accrued Loss Reserves (Details)

Accrued Loss Reserves (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Accrued Loss Reserves [Abstract]
Total accrued loss reserves	$ 7,911	$ 7,663
Accrued loss reserves included in other long-term liabilities	$ 4,745	$ 4,825

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Taxes [Abstract]
Effective income tax rate	37.40%	37.10%
Tax Years 2011 and 2012 [Member]
Income Tax Contingency [Line Items]
Decrease in reserve for uncertain tax positions	$ (284)

Segment Information, Segment In

Segment Information, Segment Information (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)SegmentUnit	Mar. 31, 2015USD ($)
Segment Information [Abstract]
Number of reportable segments | Segment	3
Segment Reporting Information [Line Items]
Net sales	$ 278,721	$ 288,748
Gross profit (loss)	$ 71,956	$ 66,045
Gross profit percent	25.80%	22.90%
Segment profit (loss)	$ 17,678	$ 14,917
Infrastructure Group [Member]
Segment Reporting Information [Line Items]
Number of business units | Unit	5
Number of business units that design, engineer, manufacture and market | Unit	3
Number of business units that operate as Company-owned dealers in foreign countries | Unit	2
Aggregate and Mining Group [Member]
Segment Reporting Information [Line Items]
Number of business units that design, engineer, manufacture and market | Unit	8
Energy Group [Member]
Segment Reporting Information [Line Items]
Number of business units that design, engineer, manufacture and market | Unit	5
Reportable Segments [Member]
Segment Reporting Information [Line Items]
Segment profit (loss)	$ 16,983	15,303
Reportable Segments [Member] | Infrastructure Group [Member]
Segment Reporting Information [Line Items]
Net sales	153,114	135,045
Gross profit (loss)	$ 39,837	$ 30,946
Gross profit percent	26.00%	22.90%
Segment profit (loss)	$ 21,863	$ 15,511
Reportable Segments [Member] | Aggregate and Mining Group [Member]
Segment Reporting Information [Line Items]
Net sales	92,488	106,412
Gross profit (loss)	$ 25,148	$ 25,972
Gross profit percent	27.20%	24.40%
Segment profit (loss)	$ 9,538	$ 11,594
Reportable Segments [Member] | Energy Group [Member]
Segment Reporting Information [Line Items]
Net sales	33,119	47,291
Gross profit (loss)	$ 7,082	$ 9,119
Gross profit percent	21.40%	19.30%
Segment profit (loss)	$ (192)	$ 163
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Net sales	11,490	23,265
Segment profit (loss)	695	(386)
Intersegment Eliminations [Member] | Infrastructure Group [Member]
Segment Reporting Information [Line Items]
Net sales	3,173	5,104
Intersegment Eliminations [Member] | Aggregate and Mining Group [Member]
Segment Reporting Information [Line Items]
Net sales	4,851	10,684
Intersegment Eliminations [Member] | Energy Group [Member]
Segment Reporting Information [Line Items]
Net sales	3,466	7,477
Corporate [Member]
Segment Reporting Information [Line Items]
Net sales	0	0
Gross profit (loss)	$ (111)	$ 8
Gross profit percent	0.00%	0.00%
Segment profit (loss)	$ (14,226)	$ (11,965)

Segment Information, Reconcilia

Segment Information, Reconciliation of Total Segment Profits to Consolidated Totals (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Reconciliation of total segment profits to the Company's consolidated totals [Abstract]
Net income	$ 17,678	$ 14,917
Net loss attributable to non-controlling interest in subsidiaries	(65)	(188)
Net income attributable to controlling interest	17,743	15,105
Reportable Segments [Member]
Reconciliation of total segment profits to the Company's consolidated totals [Abstract]
Net income	16,983	15,303
Intersegment Eliminations [Member]
Reconciliation of total segment profits to the Company's consolidated totals [Abstract]
Net income	$ 695	$ (386)

Contingent Matters (Details)

Contingent Matters (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)Party
Contingent Matters [Abstract]
Contingent liability for customer debt	$ 1,947
Maximum potential amount of future payments for customer debt	1,947
Liability recorded related to guarantees	128
Guarantor Obligations [Line Items]
Contingent liabilities for letters of credit	$ 18,920
Number of parties involved in EPA cleanup | Party	300
Letter of Credit Wells Fargo [Member]
Guarantor Obligations [Line Items]
Amount of letters of credit outstanding	$ 17,569
Outstanding letters of credit, maximum expiration date	Mar. 31, 2019
Letters of Credit Osborn [Member]
Guarantor Obligations [Line Items]
Performance bank guarantee of subsidiary	$ 1,351
Astec Brazil Working Capital Loans [Member]
Guarantor Obligations [Line Items]
Contingent liabilities for letters of credit issued on behalf of foreign subsidiaries	$ 11,874

Shareholders' Equity (Details)

Shareholders' Equity (Details) - Restricted Stock Units (RSUs) [Member] - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Restricted stock units under the long-term Incentive Plans [Abstract]
Award vesting period for RSUs granted through February 2016	5 years
Future award vesting period	3 years
Restricted stock units vested (in shares)	76	66
Shares withheld upon vesting (in shares)	24	14
Fair value of vested restricted stock units	$ 3,204	$ 2,785
Compensation expense for 2006 and 2011 incentive plans	$ 453	$ 301

Other Income, Net of Expenses43

Other Income, Net of Expenses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Other Income, Net of Expenses [Abstract]
Interest income	$ 288	$ 137
Income from life insurance policies	0	1,204
Loss on investments	(36)	(22)
License fee income	195	263
Other	97	179
Total	$ 544	$ 1,761

Derivative Financial Instrume44

Derivative Financial Instruments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	$ 287	$ 935
Other Noncurrent Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	201	330
Other Current Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative liabilities	526	$ 22
Foreign Exchange Contract [Member]
Derivatives, Fair Value [Line Items]
Average notional amount	$ 13,546

Derivative Financial Instrume45

Derivative Financial Instruments, Gain (Loss) recognized in income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Not Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member] | Cost of Sales [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) of derivative financial instruments recognized in income, net	$ (661)	$ 418