Astec Industries (ASTE) 10-Q 5 Aug 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Jul. 24, 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	Q2
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2016

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 68,473	$ 25,062
Investments	1,889	1,539
Trade receivables	124,047	98,865
Other receivables	3,443	3,132
Inventories	379,477	384,776
Prepaid expenses and other	29,702	28,423
Total current assets	607,031	541,797
Property and equipment, net	173,080	170,206
Investments	12,661	11,540
Goodwill	29,259	30,835
Other long-term assets	24,597	22,975
Total assets	846,628	777,353
Current liabilities:
Current maturities of long-term debt	4,769	4,528
Accounts payable	54,498	48,385
Accrued product warranty	11,858	9,100
Customer deposits	62,439	40,082
Accrued payroll and related liabilities	19,462	17,375
Accrued loss reserves	3,255	2,838
Accrued income taxes payable	1,422	103
Other current liabilities	21,515	19,601
Total current liabilities	179,218	142,012
Long-term debt	5,857	5,154
Deferred income tax liabilities	2,182	2,348
Other long-term liabilities	19,797	17,981
Total liabilities	207,054	167,495
Shareholders' equity	638,228	608,072
Non-controlling interest	1,346	1,786
Total equity	639,574	609,858
Total liabilities and equity	$ 846,628	$ 777,353

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Condensed Consolidated Statements of Income (unaudited) [Abstract]
Net sales	$ 294,394	$ 268,042	$ 573,116	$ 556,791
Cost of sales	220,942	205,809	427,708	428,512
Gross profit	73,452	62,233	145,408	128,279
Selling, general, administrative and engineering expenses	44,961	43,308	88,766	87,112
Income from operations	28,491	18,925	56,642	41,167
Interest expense	326	420	793	717
Other income, net of expenses	276	273	819	2,033
Income from operations before income taxes	28,441	18,778	56,668	42,483
Income taxes	10,300	7,120	20,849	15,909
Net income	18,141	11,658	35,819	26,574
Net loss attributable to non-controlling interest	(51)	(147)	(116)	(335)
Net income attributable to controlling interest	$ 18,192	$ 11,805	$ 35,935	$ 26,909
Net income attributable to controlling interest:
Basic (in dollars per share)	$ 0.79	$ 0.51	$ 1.56	$ 1.17
Diluted (in dollars per share)	$ 0.79	$ 0.51	$ 1.55	$ 1.16
Weighted average number of common shares outstanding:
Basic (in shares)	22,999	22,942	22,982	22,923
Diluted (in shares)	23,135	23,119	23,135	23,117
Dividends declared per common share (in dollars per share)	$ 0.10	$ 0.10	$ 0.20	$ 0.20

Condensed Consolidated Stateme4

Condensed Consolidated Statements of Comprehensive Income (unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Condensed Consolidated Statements of Comprehensive Income (unaudited) [Abstract]
Net income	$ 18,141	$ 11,658	$ 35,819	$ 26,574
Other comprehensive income (loss):
Change in unrecognized pension and post-retirement benefit costs	0	0	0	28
Income tax (provision) benefit on change in unrecognized pension and post-retirement benefit costs	(111)	(18)	(111)	9
Foreign currency translation adjustments	(2,017)	2,540	(287)	(3,718)
Income tax provision on foreign currency translation adjustments	(394)	(410)	(728)	(60)
Other comprehensive income (loss)	(2,522)	2,112	(1,126)	(3,741)
Comprehensive income	15,619	13,770	34,693	22,833
Comprehensive income (loss) attributable to non-controlling interest	14	(140)	74	(677)
Comprehensive income attributable to controlling interest	$ 15,605	$ 13,910	$ 34,619	$ 23,510

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash flows from operating activities:
Net income	$ 35,819	$ 26,574
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	11,787	12,111
Provision (benefit) for doubtful accounts	320	(330)
Provision for warranties	8,300	8,462
Deferred compensation provision	998	324
Stock-based compensation	1,020	856
Tax benefit from stock incentive plans	0	(344)
Deferred income tax benefit	(3,353)	(3,319)
Gain on disposition of fixed assets	(97)	(205)
Distributions to SERP participants	(92)	(2,595)
Change in operating assets and liabilities:
Sale (purchase) of trading securities, net	(1,106)	(736)
Trade and other receivables	(25,782)	(10,345)
Inventories	5,299	5,410
Prepaid expenses	(6,116)	3,245
Other assets	1,536	8
Accounts payable	6,497	(8,516)
Accrued product warranty	(5,569)	(7,671)
Customer deposits	22,357	(13,255)
Prepaid and income taxes payable, net	4,704	2,664
Other	7,531	2,024
Net cash provided by operating activities	64,053	14,362
Cash flows from investing activities:
Expenditures for property and equipment	(13,265)	(10,669)
Proceeds from sale of property and equipment	144	298
Other	(121)	819
Net cash used by investing activities	(13,242)	(9,552)
Cash flows from financing activities:
Payment of dividends	(4,608)	(4,595)
Borrowings under bank loans	1,339	77,207
Repayments of bank loans	(2,337)	(74,784)
Tax benefit from stock issued under incentive plans	0	344
Sale (purchase) of Company shares held by SERP, net	(97)	2,081
Withholding tax paid upon vesting of restricted stock units	(1,022)	(600)
Purchase of subsidiary's shares	(724)	(653)
Net cash used by financing activities	(7,449)	(1,000)
Effect of exchange rates on cash	49	(480)
Net increase in cash and cash equivalents	43,411	3,330
Cash and cash equivalents, beginning of period	25,062	13,023
Cash and cash equivalents, end of period	$ 68,473	$ 16,353

Condensed Consolidated Stateme6

Condensed Consolidated Statement of Equity (unaudited) - 6 months ended Jun. 30, 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 (loss)	$ 0	0	0	0	35,935	(116)	35,819
Other comprehensive income (loss)	0	0	(1,126)	0	0	190	(936)
Dividends declared	0	4	0	0	(4,612)	0	(4,608)
Stock-based compensation	$ 0	1,020	0	0	0	0	1,020
Stock-based compensation (in shares)	1
Change in ownership percent of subsidiary	$ 0	0	0	0	0	(787)	(787)
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	(105)	0	0	(98)
Cumulative effect of adopting ASU No. 2016-09	0	150	0	0	(95)	0	55
Other	0	0	0	0	0	273	273
Balance at Jun. 30, 2016	$ 4,608	$ 138,032	$ (24,690)	$ (1,883)	$ 522,161	$ 1,346	$ 639,574
Balance (in shares) at Jun. 30, 2016	23,041

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Jun. 30, 2016
Significant Accounting Policies [Abstract]
Significant Accounting Policies	Note 1. 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 and six-month periods ended June 30, 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 of 2016 consolidated income statements 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. In June 2016, the FASB issued ASU No. 2016-13, "Financial Instruments – Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments". The standard changes how credit losses are measured for most financial assets and certain other instruments that currently are not measured through net income. The standard will require an expected loss model for instruments measured at amortized cost as opposed to the current incurred loss approach. In valuing available for sale debt securities, allowances will be required to be recorded, rather than the current approach of reducing the carrying amount, for other than temporary impairments. A cumulative adjustment to retained earnings is to be recorded as of the beginning of the period of adoption to reflect the impact of applying the provisions of the standard. The standard is effective for public companies for periods beginning after December 15, 2019 and the Company expects to adopt the new standard as of January 1, 2020.

Earnings per Share

Earnings per Share	6 Months Ended
	Jun. 30, 2016
Earnings per Share [Abstract]
Earnings per Share	Note 2. 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 Six Months Ended 2016 2015 2016 2015 Numerator: Net income attributable to controlling interest $ 18,192 $ 11,805 $ 35,935 $ 26,909 Denominator: Denominator for basic earnings per share 22,999 22,942 22,982 22,923 Effect of dilutive securities: Employee stock options and restricted stock units 71 114 89 129 Supplemental Executive Retirement Plan 65 63 64 65 Denominator for diluted earnings per share 23,135 23,119 23,135 23,117

Receivables

Receivables	6 Months Ended
	Jun. 30, 2016
Receivables [Abstract]
Receivables	Note 3. Receivables Receivables are net of allowances for doubtful accounts of $1,726 and $1,837 as of June 30, 2016 and December 31, 2015, respectively.

Inventories

Inventories	6 Months Ended
	Jun. 30, 2016
Inventories [Abstract]
Inventories	Note 4. Inventories Inventories consist of the following: June 30, December 31, Raw materials and parts $ 146,703 $ 141,967 Work-in-process 120,858 113,859 Finished goods 86,138 104,879 Used equipment 25,778 24,071 Total $ 379,477 $ 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	6 Months Ended
	Jun. 30, 2016
Property and Equipment [Abstract]
Property and Equipment	Note 5. Property and Equipment Property and equipment is stated at cost, less accumulated depreciation of $212,191 and $203,471 as of June 30, 2016 and December 31, 2015, respectively.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2016
Fair Value Measurements [Abstract]
Fair Value Measurements	Note 6. 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; 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 June 30, 2016 and December 31, 2015 are Level 1 and Level 2 in the fair value hierarchy as defined above: June 30, 2016 Level 1 Level 2 Total Financial Assets: Trading equity securities: SERP money market fund $ 461 $ -- $ 461 SERP mutual funds 3,055 -- 3,055 Preferred stocks 505 -- 505 Trading debt securities: Corporate bonds 4,251 -- 4,251 Municipal bonds -- 3,029 3,029 Floating rate notes 87 -- 87 Asset backed securities -- 739 739 Savings bonds 47 -- 47 Other -- 2,376 2,376 Derivative financial instruments -- 306 306 Total financial assets $ 8,406 $ 6,450 $ 14,856 Financial Liabilities: SERP liabilities $ -- $ 7,171 $ 7,171 Derivative financial instruments -- 397 397 Total financial liabilities $ -- $ 7,568 $ 7,568 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 Derivative financial instruments -- 22 22 Total financial liabilities $ -- $ 5,891 $ 5,891 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 June 30, 2016 market value of $610 changed from Level 2 in the hierarchy at March 31, 2016 to Level 1 at June 30, 2016 due to an increase 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 June 30, 2016 and December 31, 2015 amounted to net losses of $154 and $429, respectively.

Debt

Debt	6 Months Ended
	Jun. 30, 2016
Debt [Abstract]
Debt	Note 7. 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 six-month period ended June 30, 2016. Letters of credit totaling $17,158, 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 June 30, 2016, resulting in additional borrowing ability of $82,842 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 1.22% as of June 30, 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 June 30, 2016. The Company's South African subsidiary, Osborn Engineered Products SA (Pty) Ltd ("Osborn"), has a credit facility of $6,430 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 June 30, 2016, Osborn had overdraft protection coverage of $127 and $2,186 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 June 30, 2016, Osborn had available credit under the facility of $4,116. The interest rate is 0.25% less than the South Africa prime rate, resulting in a rate of 10.5% as of June 30, 2016. The Company's Brazilian subsidiary, Astec Brazil, has outstanding working capital loans totaling $9,180 from 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. Additionally, Astec Brazil has various 5-year equipment financing loans outstanding with Brazilian banks in the aggregate of $1,446 as of June 30, 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 ($4,769) and long-term debt ($5,857). A portion of the Astec Brazil debt is also secured by letters of credit totaling $11,874 issued by Astec Industries, Inc.

Product Warranty Reserves

Product Warranty Reserves	6 Months Ended
	Jun. 30, 2016
Product Warranty Reserves [Abstract]
Product Warranty Reserves	Note 8. 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 and six-month periods ended June 30, 2016 and 2015 are as follows: Three Months Ended Six Months Ended 2016 2015 2016 2015 Reserve balance, beginning of the period $ 10,397 $ 10,695 $ 9,100 $ 10,032 Warranty liabilities accrued 4,685 4,316 8,300 8,462 Warranty liabilities settled (3,212 ) (4,287 ) (5,569 ) (7,671 ) Other (12 ) 37 27 (62 ) Reserve balance, end of the period $ 11,858 $ 10,761 $ 11,858 $ 10,761

Accrued Loss Reserves

Accrued Loss Reserves	6 Months Ended
	Jun. 30, 2016
Accrued Loss Reserves [Abstract]
Accrued Loss Reserves	Note 9. 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 $8,198 as of June 30, 2016 and $7,663 as of December 31, 2015, of which $4,943 and $4,825 were included in other long-term liabilities as of June 30, 2016 and December 31, 2015, respectively.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2016
Income Taxes [Abstract]
Income Taxes	Note 10. Income Taxes The Company's combined effective income tax rate was 36.2% and 37.9% for the three-month periods ended June 30, 2016 and 2015, respectively. The Company's combined effective income tax rate was 36.8% and 37.4% for the six-month periods ended June 30, 2016 and 2015, respectively. The Company's effective tax rate for the three and six-month periods ended June 30, 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 and six-month periods ended June 30, 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 research and development credit for 2015 was not enacted by Congress until the fourth quarter of 2015. The Company's recorded liability for uncertain tax positions as of June 30, 2016 has decreased by $38 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	6 Months Ended
	Jun. 30, 2016
Segment Information [Abstract]
Segment Information	Note 11. 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 June 30, 2016 Infrastructure Aggregate Energy Corporate Total Net sales to external $ 152,476 $ 99,085 $ 42,833 $ - $ 294,394 Intersegment sales 4,511 5,945 6,144 - 16,600 Gross profit 36,583 26,141 10,514 214 73,452 Gross profit percent 24.0 % 26.4 % 24.5 % - 25.0 % Segment profit (loss) $ 19,673 $ 10,947 $ 2,626 $ (14,912 ) $ 18,334 Six Months Ended June 30, 2016 Infrastructure Aggregate Energy Corporate Total Net sales to external $ 305,590 $ 191,573 $ 75,953 $ - $ 573,116 Intersegment sales 7,684 10,796 9,610 - 28,090 Gross profit 76,420 51,289 17,596 103 145,408 Gross profit percent 25.0 % 26.8 % 23.2 % - 25.4 % Segment profit (loss) $ 41,536 $ 20,485 $ 2,433 $ (29,137 ) $ 35,317 Three Months Ended June 30, 2015 Infrastructure Aggregate Energy Corporate Total Net sales to external $ 116,097 $ 98,829 $ 53,116 $ -- $ 268,042 Intersegment sales 6,690 3,935 5,366 -- 15,991 Gross profit 27,242 24,985 9,998 8 62,233 Gross profit percent 23.5 % 25.3 % 18.8 % -- 23.2 % Segment profit (loss) $ 11,845 $ 10,056 $ 701 $ (10,334 ) $ 12,268 Six Months Ended June 30, 2015 Infrastructure Aggregate Energy Corporate Total Net sales to external $ 251,143 $ 205,241 $ 100,407 $ -- $ 556,791 Intersegment sales 11,794 14,619 12,843 -- 39,256 Gross profit 58,188 50,957 19,117 17 128,279 Gross profit percent 23.2 % 24.8 % 19.0 % -- 23.0 % Segment profit (loss) $ 27,356 $ 21,650 $ 864 $ (22,300 ) $ 27,570 A reconciliation of total segment profits to the Company's consolidated totals is as follows: Three Months Ended Six Months Ended 2016 2015 2016 2015 Total segment profits $ 18,334 $ 12,268 $ 35,317 $ 27,570 Recapture (elimination) of intersegment profit (193 ) (610 ) 502 (996 ) Net income 18,141 11,658 35,819 26,574 Net loss attributable to non-controlling (51 ) (147 ) (116 ) (335 ) Net income attributable to controlling interest $ 18,192 $ 11,805 $ 35,935 $ 26,909

Contingent Matters

Contingent Matters	6 Months Ended
	Jun. 30, 2016
Contingent Matters [Abstract]
Contingent Matters	Note 12. Contingent Matters Certain customers have financed purchases of Company products through arrangements in which the Company is contingently liable for customer debt of $2,069 as of June 30, 2016. The maximum potential amount of future payments for which the Company would be liable was equal to $2,069 as of June 30, 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 $195 related to these guarantees as of June 30, 2016. In addition, the Company is contingently liable under letters of credit issued by Wells Fargo totaling $17,158 as of June 30, 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 June 30, 2016, Osborn is contingently liable for a total of $2,187 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 $19,345 as of June 30, 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.

Shareholders' Equity

Shareholders' Equity	6 Months Ended
	Jun. 30, 2016
Shareholders' Equity [Abstract]
Shareholders' Equity	Note 13. 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 six-month periods ended June 30, 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 six 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 six months of 2016 and 2015 was $3,204 and $2,785, respectively. Compensation expense of $475 and $438 was recorded in the three-month periods ended June 30, 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. Compensation expense of $928 and $740 was recorded in the six-month periods ended June 30, 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	6 Months Ended
	Jun. 30, 2016
Other Income, Net of Expenses [Abstract]
Other Income, Net of Expenses	Note 14. Other Income, Net of Expenses Other income, net of expenses for the three and six-month periods ended June 30, 2016 and 2015 is presented below: Three Months Ended Six Months Ended 2016 2015 2016 2015 Interest income $ 155 $ 127 $ 443 $ 264 Income from life insurance policies -- -- -- 1,204 Gain (loss) on investments 22 (109 ) (15 ) (132 ) License fee income 61 103 256 366 Other 38 152 135 331 Total $ 276 $ 273 $ 819 $ 2,033

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2016
Derivative Financial Instruments [Abstract]
Derivative Financial Instruments	Note 15. 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 instruments 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 $12,267 during the six-month period ended June 30, 2016. The Company reported $254 of derivative assets in other current assets, $52 of derivative assets in other long term assets and $397 of derivative liabilities in other current liabilities at June 30, 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, net gains of $292 and $390 on the changes in fair value of derivative financial instruments in the three-month periods ended June 30, 2016 and 2015, respectively. The Company recognized, as a component of cost of sales, net gains of $165 and $808 on the changes in fair value of derivative financial instruments in the six-month periods ended June 30, 2016 and 2015, respectively. There were no derivatives that were designated as hedges at June 30, 2016.

Subsequent Event

Subsequent Event	6 Months Ended
	Jun. 30, 2016
Subsequent Event [Abstract]
Subsequent Event	Note 16. Subsequent Event In August 2016, the Company acquired substantially all of the assets and certain liabilities of Power Flame Incorporated ("PFI") located in Parsons, Kansas. The Company paid a purchase price of approximately $43,000, which is subject to certain post-closing adjustments, from available cash balances in early August 2016. $5,000 of the purchase price will be held in escrow for up to two years pending the final resolution of any post-closing adjustments and indemnifications. Approximately $75 of acquisition related costs have been expensed by the Company in the six-month period ended June 30, 2016. The Company has not yet completed its allocation of the purchase price to the fair values of the various assets and liabilities acquired. The Company does not expect PFI's revenues or profits to be material to the Company's 2016 operating results. PFI, which began operations in 1948, manufactures and sells gas, oil and combination gas/oil burners and combustion control systems designed for commercial, industrial and process applications.

Significant Accounting Polici23

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 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 and six-month periods ended June 30, 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 of 2016 consolidated income statements 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. In June 2016, the FASB issued ASU No. 2016-13, "Financial Instruments – Credit Losses (Topic 326), Measurement of Credit Losses on Financial Instruments". The standard changes how credit losses are measured for most financial assets and certain other instruments that currently are not measured through net income. The standard will require an expected loss model for instruments measured at amortized cost as opposed to the current incurred loss approach. In valuing available for sale debt securities, allowances will be required to be recorded, rather than the current approach of reducing the carrying amount, for other than temporary impairments. A cumulative adjustment to retained earnings is to be recorded as of the beginning of the period of adoption to reflect the impact of applying the provisions of the standard. The standard is effective for public companies for periods beginning after December 15, 2019 and the Company expects to adopt the new standard as of January 1, 2020.

Earnings per Share (Tables)

Earnings per Share (Tables)	6 Months Ended
	Jun. 30, 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 Six Months Ended 2016 2015 2016 2015 Numerator: Net income attributable to controlling interest $ 18,192 $ 11,805 $ 35,935 $ 26,909 Denominator: Denominator for basic earnings per share 22,999 22,942 22,982 22,923 Effect of dilutive securities: Employee stock options and restricted stock units 71 114 89 129 Supplemental Executive Retirement Plan 65 63 64 65 Denominator for diluted earnings per share 23,135 23,119 23,135 23,117

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2016
Inventories [Abstract]
Inventories	Inventories consist of the following: June 30, December 31, Raw materials and parts $ 146,703 $ 141,967 Work-in-process 120,858 113,859 Finished goods 86,138 104,879 Used equipment 25,778 24,071 Total $ 379,477 $ 384,776

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2016 and December 31, 2015 are Level 1 and Level 2 in the fair value hierarchy as defined above: June 30, 2016 Level 1 Level 2 Total Financial Assets: Trading equity securities: SERP money market fund $ 461 $ -- $ 461 SERP mutual funds 3,055 -- 3,055 Preferred stocks 505 -- 505 Trading debt securities: Corporate bonds 4,251 -- 4,251 Municipal bonds -- 3,029 3,029 Floating rate notes 87 -- 87 Asset backed securities -- 739 739 Savings bonds 47 -- 47 Other -- 2,376 2,376 Derivative financial instruments -- 306 306 Total financial assets $ 8,406 $ 6,450 $ 14,856 Financial Liabilities: SERP liabilities $ -- $ 7,171 $ 7,171 Derivative financial instruments -- 397 397 Total financial liabilities $ -- $ 7,568 $ 7,568 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 Derivative financial instruments -- 22 22 Total financial liabilities $ -- $ 5,891 $ 5,891

Product Warranty Reserves (Tabl

Product Warranty Reserves (Tables)	6 Months Ended
	Jun. 30, 2016
Product Warranty Reserves [Abstract]
Product warranty reserves	Changes in the Company's product warranty liability for the three and six-month periods ended June 30, 2016 and 2015 are as follows: Three Months Ended Six Months Ended 2016 2015 2016 2015 Reserve balance, beginning of the period $ 10,397 $ 10,695 $ 9,100 $ 10,032 Warranty liabilities accrued 4,685 4,316 8,300 8,462 Warranty liabilities settled (3,212 ) (4,287 ) (5,569 ) (7,671 ) Other (12 ) 37 27 (62 ) Reserve balance, end of the period $ 11,858 $ 10,761 $ 11,858 $ 10,761

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2016 Infrastructure Aggregate Energy Corporate Total Net sales to external $ 152,476 $ 99,085 $ 42,833 $ - $ 294,394 Intersegment sales 4,511 5,945 6,144 - 16,600 Gross profit 36,583 26,141 10,514 214 73,452 Gross profit percent 24.0 % 26.4 % 24.5 % - 25.0 % Segment profit (loss) $ 19,673 $ 10,947 $ 2,626 $ (14,912 ) $ 18,334 Six Months Ended June 30, 2016 Infrastructure Aggregate Energy Corporate Total Net sales to external $ 305,590 $ 191,573 $ 75,953 $ - $ 573,116 Intersegment sales 7,684 10,796 9,610 - 28,090 Gross profit 76,420 51,289 17,596 103 145,408 Gross profit percent 25.0 % 26.8 % 23.2 % - 25.4 % Segment profit (loss) $ 41,536 $ 20,485 $ 2,433 $ (29,137 ) $ 35,317 Three Months Ended June 30, 2015 Infrastructure Aggregate Energy Corporate Total Net sales to external $ 116,097 $ 98,829 $ 53,116 $ -- $ 268,042 Intersegment sales 6,690 3,935 5,366 -- 15,991 Gross profit 27,242 24,985 9,998 8 62,233 Gross profit percent 23.5 % 25.3 % 18.8 % -- 23.2 % Segment profit (loss) $ 11,845 $ 10,056 $ 701 $ (10,334 ) $ 12,268 Six Months Ended June 30, 2015 Infrastructure Aggregate Energy Corporate Total Net sales to external $ 251,143 $ 205,241 $ 100,407 $ -- $ 556,791 Intersegment sales 11,794 14,619 12,843 -- 39,256 Gross profit 58,188 50,957 19,117 17 128,279 Gross profit percent 23.2 % 24.8 % 19.0 % -- 23.0 % Segment profit (loss) $ 27,356 $ 21,650 $ 864 $ (22,300 ) $ 27,570
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 Six Months Ended 2016 2015 2016 2015 Total segment profits $ 18,334 $ 12,268 $ 35,317 $ 27,570 Recapture (elimination) of intersegment profit (193 ) (610 ) 502 (996 ) Net income 18,141 11,658 35,819 26,574 Net loss attributable to non-controlling (51 ) (147 ) (116 ) (335 ) Net income attributable to controlling interest $ 18,192 $ 11,805 $ 35,935 $ 26,909

Other Income, Net of Expenses (

Other Income, Net of Expenses (Tables)	6 Months Ended
	Jun. 30, 2016
Other Income, Net of Expenses [Abstract]
Schedule of other income, net of expenses	Other income, net of expenses for the three and six-month periods ended June 30, 2016 and 2015 is presented below: Three Months Ended Six Months Ended 2016 2015 2016 2015 Interest income $ 155 $ 127 $ 443 $ 264 Income from life insurance policies -- -- -- 1,204 Gain (loss) on investments 22 (109 ) (15 ) (132 ) License fee income 61 103 256 366 Other 38 152 135 331 Total $ 276 $ 273 $ 819 $ 2,033

Significant Accounting Polici30

Significant Accounting Policies (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2016	Mar. 31, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect adjustment in retained earnings, net of tax				$ 55
Income tax benefits	$ 10,300		$ 7,120	20,849	$ 15,909
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		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Numerator [Abstract]
Net income attributable to controlling interest	$ 18,192	$ 11,805	$ 35,935	$ 26,909
Denominator [Abstract]
Denominator for basic earnings per share (in shares)	22,999	22,942	22,982	22,923
Effect of dilutive securities [Abstract]
Employee stock options and restricted stock units (in shares)	71	114	89	129
Supplemental Executive Retirement Plan (in shares)	65	63	64	65
Denominator for diluted earnings per share (in shares)	23,135	23,119	23,135	23,117

Receivables (Details)

Receivables (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Receivables [Abstract]
Allowances for doubtful accounts	$ 1,726	$ 1,837

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Inventories [Abstract]
Raw materials and parts	$ 146,703	$ 141,967
Work-in-process	120,858	113,859
Finished goods	86,138	104,879
Used equipment	25,778	24,071
Total	$ 379,477	$ 384,776

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Property and Equipment [Abstract]
Accumulated depreciation	$ 212,191	$ 203,471

Fair Value Measurements (Detail

Fair Value Measurements (Details) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2016USD ($)Investment	Dec. 31, 2015USD ($)
Financial Liabilities [Abstract]
Number of bond investments | Investment	3
Investments included in Level 2 were transferred to Level 1	$ 610
Net unrealized gains or losses incurred	(154)	$ (429)
Measured at Fair Value on a Recurring Basis [Member]
Financial Assets [Abstract]
Derivative financial instruments	306	1,265
Total financial assets	14,856	14,344
Financial Liabilities [Abstract]
SERP liabilities	7,171	5,869
Derivative financial instruments	397	22
Total financial liabilities	7,568	5,891
Measured at Fair Value on a Recurring Basis [Member] | SERP Money Market Fund [Member]
Financial Assets [Abstract]
Investments	461	445
Measured at Fair Value on a Recurring Basis [Member] | SERP Mutual Funds [Member]
Financial Assets [Abstract]
Investments	3,055	2,864
Measured at Fair Value on a Recurring Basis [Member] | Preferred Stocks [Member]
Financial Assets [Abstract]
Investments	505	742
Measured at Fair Value on a Recurring Basis [Member] | Corporate Bonds [Member]
Financial Assets [Abstract]
Investments	4,251	3,897
Measured at Fair Value on a Recurring Basis [Member] | Municipal Bonds [Member]
Financial Assets [Abstract]
Investments	3,029	1,811
Measured at Fair Value on a Recurring Basis [Member] | Floating Rate Notes [Member]
Financial Assets [Abstract]
Investments	87	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	739
Measured at Fair Value on a Recurring Basis [Member] | Saving Bonds [Member]
Financial Assets [Abstract]
Investments	47	77
Measured at Fair Value on a Recurring Basis [Member] | Other [Member]
Financial Assets [Abstract]
Investments	2,376	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	8,406	8,372
Financial Liabilities [Abstract]
SERP liabilities	0	0
Derivative financial instruments	0	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	461	445
Measured at Fair Value on a Recurring Basis [Member] | Level 1 [Member] | SERP Mutual Funds [Member]
Financial Assets [Abstract]
Investments	3,055	2,864
Measured at Fair Value on a Recurring Basis [Member] | Level 1 [Member] | Preferred Stocks [Member]
Financial Assets [Abstract]
Investments	505	742
Measured at Fair Value on a Recurring Basis [Member] | Level 1 [Member] | Corporate Bonds [Member]
Financial Assets [Abstract]
Investments	4,251	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	87	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	47	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	306	1,265
Total financial assets	6,450	5,972
Financial Liabilities [Abstract]
SERP liabilities	7,171	5,869
Derivative financial instruments	397	22
Total financial liabilities	7,568	5,891
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	0	141
Measured at Fair Value on a Recurring Basis [Member] | Level 2 [Member] | Municipal Bonds [Member]
Financial Assets [Abstract]
Investments	3,029	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	739
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	$ 2,376	$ 2,755

Debt (Details)

Debt (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Debt [Abstract]
Current maturities of long-term debt	$ 4,769	$ 4,528
Long-term debt	5,857	$ 5,154
Osborn [Member]
Debt [Abstract]
Amount of credit facility	$ 6,430
Unused facility fee as a percentage of line of credit	0.75%
Under utilized facility resulting in unused facility fee	50.00%
Amount outstanding under overdraft protection coverage	$ 127
Performance bank guarantee, subsidiary obligation to fulfill contracts	2,186
Available credit under the facility	$ 4,116
Interest rate at period end	10.50%
Astec Brazil Working Capital Loans [Member]
Debt [Abstract]
Borrowings outstanding	$ 9,180
Astec Brazil Working Capital Loans [Member] | Minimum [Member]
Debt [Abstract]
Maturity date	Dec. 31, 2016
Debt instrument, interest rate	10.40%
Astec Brazil Working Capital Loans [Member] | Maximum [Member]
Debt [Abstract]
Maturity date	Apr. 30, 2024
Debt instrument, interest rate	20.80%
Astec Brazil Equipment Financing [Member]
Debt [Abstract]
Term loan	5 years
Astec Brazil Equipment Financing [Member] | Minimum [Member]
Debt [Abstract]
Debt instrument, interest rate	3.50%
Astec Brazil Equipment Financing [Member] | Maximum [Member]
Debt [Abstract]
Debt instrument, interest rate	16.30%
Astec Brazil Working Capital Loans and Equipment Financing [Member]
Debt [Abstract]
Current maturities of long-term debt	$ 4,769
Long-term debt	$ 5,857
South American Prime Rate [Member] | Osborn [Member]
Debt [Abstract]
Basis spread on variable rate	0.25%
Wells Fargo [Member]
Debt [Abstract]
Borrowings outstanding	$ 0
Amount of letters of credit outstanding	17,158
Line of credit, additional borrowing capacity	$ 82,842
Term loan	5 years
Maturity date	Apr. 30, 2017
Interest rate at period end	1.22%
Wells Fargo [Member] | Maximum [Member]
Debt [Abstract]
Amount of credit facility	$ 100,000
Sub-limit for letters of credit	25,000
Wells Fargo [Member] | Astec Brazil Working Capital Loans [Member]
Debt [Abstract]
Contingent liabilities for letters of credit issued on behalf of foreign subsidiaries	$ 11,874
Wells Fargo [Member] | LIBOR [Member]
Debt [Abstract]
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 [Abstract]
Borrowings outstanding	$ 1,446
Equipment Financing Loans [Member] | Astec Brazil [Member] | Minimum [Member]
Debt [Abstract]
Maturity date	Sep. 30, 2018
Equipment Financing Loans [Member] | Astec Brazil [Member] | Maximum [Member]
Debt [Abstract]
Maturity date	Apr. 30, 2020

Product Warranty Reserves (Deta

Product Warranty Reserves (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Product warranty reserves [Roll Forward]
Reserve balance, beginning of the period	$ 10,397	$ 10,695	$ 9,100	$ 10,032
Warranty liabilities accrued	4,685	4,316	8,300	8,462
Warranty liabilities settled	(3,212)	(4,287)	(5,569)	(7,671)
Other	(12)	37	27	(62)
Reserve balance, end of the period	$ 11,858	$ 10,761	$ 11,858	$ 10,761
Minimum [Member]
Product Warranty Liability [Line Items]
Product warranty reserve term			3 months
Maximum [Member]
Product Warranty Liability [Line Items]
Product warranty reserve term			1 year

Accrued Loss Reserves (Details)

Accrued Loss Reserves (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Accrued Loss Reserves [Abstract]
Total accrued loss reserves	$ 8,198	$ 7,663
Accrued loss reserves included in other long-term liabilities	$ 4,943	$ 4,825

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Taxes [Abstract]
Effective income tax rate	36.20%	37.90%	36.80%	37.40%
Tax Years 2011 and 2012 [Member]
Income Tax Contingency [Line Items]
Decrease in liability for uncertain tax positions			$ (38)

Segment Information, Segment In

Segment Information, Segment Information (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)SegmentUnit	Jun. 30, 2015USD ($)
Segment Information [Abstract]
Number of reportable segments | Segment			3
Segment Reporting Information [Line Items]
Net sales	$ 294,394	$ 268,042	$ 573,116	$ 556,791
Gross profit	$ 73,452	$ 62,233	$ 145,408	$ 128,279
Gross profit percent	25.00%	23.20%	25.40%	23.00%
Segment profit (loss)	$ 18,141	$ 11,658	$ 35,819	$ 26,574
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)	18,334	12,268	$ 35,317	27,570
Reportable Segments [Member] | Infrastructure Group [Member]
Segment Reporting Information [Line Items]
Net sales	152,476	116,097	305,590	251,143
Gross profit	$ 36,583	$ 27,242	$ 76,420	$ 58,188
Gross profit percent	24.00%	23.50%	25.00%	23.20%
Segment profit (loss)	$ 19,673	$ 11,845	$ 41,536	$ 27,356
Reportable Segments [Member] | Aggregate and Mining Group [Member]
Segment Reporting Information [Line Items]
Net sales	99,085	98,829	191,573	205,241
Gross profit	$ 26,141	$ 24,985	$ 51,289	$ 50,957
Gross profit percent	26.40%	25.30%	26.80%	24.80%
Segment profit (loss)	$ 10,947	$ 10,056	$ 20,485	$ 21,650
Reportable Segments [Member] | Energy Group [Member]
Segment Reporting Information [Line Items]
Net sales	42,833	53,116	75,953	100,407
Gross profit	$ 10,514	$ 9,998	$ 17,596	$ 19,117
Gross profit percent	24.50%	18.80%	23.20%	19.00%
Segment profit (loss)	$ 2,626	$ 701	$ 2,433	$ 864
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Net sales	16,600	15,991	28,090	39,256
Segment profit (loss)	(193)	(610)	502	(996)
Intersegment Eliminations [Member] | Infrastructure Group [Member]
Segment Reporting Information [Line Items]
Net sales	4,511	6,690	7,684	11,794
Intersegment Eliminations [Member] | Aggregate and Mining Group [Member]
Segment Reporting Information [Line Items]
Net sales	5,945	3,935	10,796	14,619
Intersegment Eliminations [Member] | Energy Group [Member]
Segment Reporting Information [Line Items]
Net sales	6,144	5,366	9,610	12,843
Corporate [Member]
Segment Reporting Information [Line Items]
Net sales	0	0	0	0
Gross profit	$ 214	$ 8	$ 103	$ 17
Gross profit percent	0.00%	0.00%	0.00%	0.00%
Segment profit (loss)	$ (14,912)	$ (10,334)	$ (29,137)	$ (22,300)

Segment Information, Reconcilia

Segment Information, Reconciliation of Total Segment Profits to Consolidated Totals (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Reconciliation of total segment profits to the Company's consolidated totals [Abstract]
Net income	$ 18,141	$ 11,658	$ 35,819	$ 26,574
Net loss attributable to non-controlling interest in subsidiaries	(51)	(147)	(116)	(335)
Net income attributable to controlling interest	18,192	11,805	35,935	26,909
Reportable Segments [Member]
Reconciliation of total segment profits to the Company's consolidated totals [Abstract]
Net income	18,334	12,268	35,317	27,570
Intersegment Eliminations [Member]
Reconciliation of total segment profits to the Company's consolidated totals [Abstract]
Net income	$ (193)	$ (610)	$ 502	$ (996)

Contingent Matters (Details)

Contingent Matters (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)Party
Contingent Matters [Abstract]
Contingent liability for customer debt	$ 2,069
Maximum potential amount of future payments for customer debt	2,069
Liability recorded related to guarantees	195
Guarantor Obligations [Line Items]
Contingent liabilities for letters of credit	$ 19,345
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	$ 17,158
Outstanding letters of credit, maximum expiration date	Mar. 31, 2019
Letters of Credit Osborn [Member]
Guarantor Obligations [Line Items]
Performance bank guarantee of subsidiary	$ 2,187
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		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 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	$ 475	$ 438	$ 928	$ 740

Other Income, Net of Expenses44

Other Income, Net of Expenses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Other Income, Net of Expenses [Abstract]
Interest income	$ 155	$ 127	$ 443	$ 264
Income from life insurance policies	0	0	0	1,204
Gain (loss) on investments	22	(109)	(15)	(132)
License fee income	61	103	256	366
Other	38	152	135	331
Total	$ 276	$ 273	$ 819	$ 2,033

Derivative Financial Instrume45

Derivative Financial Instruments (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	$ 254	$ 935
Other Noncurrent Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative assets	52	330
Other Current Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative liabilities	397	$ 22
Foreign Exchange Contract [Member]
Derivatives, Fair Value [Line Items]
Average notional amount	$ 12,267

Derivative Financial Instrume46

Derivative Financial Instruments, Gain (Loss) recognized in income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Not Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member] | Cost of Sales [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain on derivative financial instruments recognized in income, net	$ 292	$ 390	$ 165	$ 808

Subsequent Event (Details)

Subsequent Event (Details) - Power Flame Incorporated [Member] - USD ($) $ in Thousands	1 Months Ended	6 Months Ended
	Aug. 31, 2016	Jun. 30, 2016
Subsequent Event [Line Items]
Acquisitions related costs		$ 75
Subsequent Event [Member]
Subsequent Event [Line Items]
Cash purchase price	$ 43,000
Amount held in escrow	$ 5,000
Subsequent Event [Member] | Maximum [Member]
Subsequent Event [Line Items]
Period of time for amount held in escrow	2 years