Astec Industries (ASTE) 10-Q 7 Aug 17 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2017	Jul. 24, 2017
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		23,069,248
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2017

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 52,107	$ 82,371
Investments	2,031	1,024
Trade receivables	143,479	106,659
Other receivables	5,827	4,014
Inventories	381,323	360,404
Prepaid expenses and other	26,320	22,361
Total current assets	611,087	576,833
Property and equipment, net	182,205	180,538
Investments	14,028	13,965
Goodwill	41,647	40,804
Other long-term assets	30,018	31,461
Total assets	878,985	843,601
Current liabilities:
Short-term debt	0	4,632
Current maturities of long-term debt	2,572	2,538
Accounts payable	65,188	57,297
Income tax payable	474	747
Accrued product warranty	14,269	13,156
Customer deposits	45,916	39,102
Accrued payroll and related liabilities	21,247	25,693
Accrued loss reserves	2,897	2,852
Other current liabilities	23,295	22,844
Total current liabilities	175,858	168,861
Long-term debt	2,763	4,116
Deferred income tax liabilities	1,763	1,669
Other long-term liabilities	20,292	20,114
Total liabilities	200,676	194,760
Shareholders' equity	677,175	647,830
Non-controlling interest	1,134	1,011
Total equity	678,309	648,841
Total liabilities and equity	$ 878,985	$ 843,601

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Condensed Consolidated Statements of Income (unaudited) [Abstract]
Net sales	$ 301,909	$ 294,394	$ 620,310	$ 573,116
Cost of sales	236,385	220,942	479,014	427,708
Gross profit	65,524	73,452	141,296	145,408
Selling, general, administrative and engineering expenses	44,220	44,961	97,342	88,766
Income from operations	21,304	28,491	43,954	56,642
Interest expense	185	326	450	793
Other income, net of expenses	261	276	773	819
Income from operations before income taxes	21,380	28,441	44,277	56,668
Income taxes	7,021	10,300	14,838	20,849
Net income	14,359	18,141	29,439	35,819
Net loss attributable to non-controlling interest	(61)	(51)	(101)	(116)
Net income attributable to controlling interest	$ 14,420	$ 18,192	$ 29,540	$ 35,935
Net income attributable to controlling interest:
Basic (in dollars per share)	$ 0.63	$ 0.79	$ 1.28	$ 1.56
Diluted (in dollars per share)	$ 0.62	$ 0.79	$ 1.27	$ 1.55
Weighted average number of common shares outstanding:
Basic (in shares)	23,026	22,999	23,020	22,982
Diluted (in shares)	23,183	23,135	23,179	23,135
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, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Condensed Consolidated Statements of Comprehensive Income (unaudited) [Abstract]
Net income	$ 14,359	$ 18,141	$ 29,439	$ 35,819
Other comprehensive income (loss):
Income tax benefit on change in unrecognized pension and post-retirement benefit costs	0	(111)	0	(111)
Foreign currency translation adjustments	1,530	(2,017)	3,560	(287)
Income tax provision on foreign currency translation adjustments	0	(394)	0	(728)
Other comprehensive income (loss)	1,530	(2,522)	3,560	(1,126)
Comprehensive income	15,889	15,619	32,999	34,693
Comprehensive income (loss) attributable to non-controlling interest	(132)	14	(124)	74
Comprehensive income attributable to controlling interest	$ 16,021	$ 15,605	$ 33,123	$ 34,619

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Cash flows from operating activities:
Net income	$ 29,439	$ 35,819
Adjustments to reconcile net income to net cash provided (used) by operating activities:
Depreciation and amortization	12,777	11,787
Provision for doubtful accounts	89	320
Provision for warranties	8,248	8,300
Deferred compensation provision (benefit)	(758)	998
Stock-based compensation	1,814	1,020
Deferred income tax benefit	(245)	(3,353)
Gain on disposition of fixed assets	(197)	(97)
Distributions to SERP participants	(123)	(92)
Change in operating assets and liabilities:
Sale (purchase) of trading securities, net	(55)	(1,106)
Trade and other receivables	(38,551)	(25,782)
Inventories	(20,919)	5,299
Prepaid expenses	3,502	(6,116)
Other assets	(186)	1,536
Accounts payable	7,662	6,497
Accrued product warranty	(7,184)	(5,569)
Customer deposits	6,813	22,357
Prepaid and income taxes payable, net	(7,847)	4,704
Other	(3,331)	7,531
Net cash provided (used) by operating activities	(9,052)	64,053
Cash flows from investing activities:
Expenditures for property and equipment	(10,846)	(13,265)
Proceeds from sale of property and equipment	211	144
Other	(561)	(121)
Net cash used by investing activities	(11,196)	(13,242)
Cash flows from financing activities:
Payment of dividends	(4,613)	(4,608)
Borrowings under bank loans	0	1,339
Repayments of bank loans	(5,929)	(2,337)
Sale (purchase) of Company shares held by SERP, net	159	(97)
Withholding tax paid upon vesting of restricted stock units	(501)	(1,022)
Purchase of subsidiary shares	(31)	(724)
Net cash used by financing activities	(10,915)	(7,449)
Effect of exchange rates on cash	899	49
Net increase (decrease) in cash and cash equivalents	(30,264)	43,411
Cash and cash equivalents, beginning of period	82,371	25,062
Cash and cash equivalents, end of period	$ 52,107	$ 68,473

Condensed Consolidated Stateme6

Condensed Consolidated Statement of Equity (unaudited) - 6 months ended Jun. 30, 2017 - 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, 2016	$ 4,609	$ 139,970	$ (31,562)	$ (1,958)	$ 536,771	$ 1,011	$ 648,841
Balance (in shares) at Dec. 31, 2016	23,046
Net income	$ 0	0	0	0	29,540	(101)	29,439
Other comprehensive income	0	0	3,560	0	0	0	3,560
Change in ownership percentage of subsidiary	0	0	0	0	0	41	41
Dividends declared	0	5	0	0	(4,618)	0	(4,613)
Stock-based compensation	$ 0	1,200	0	0	0	0	1,200
Stock-based compensation (in shares)	0
Stock issued under incentive plans	$ 5	(5)	0	0	0	0	0
Stock issued under incentive plans (in shares)	23
Withholding tax paid upon vesting of RSUs	$ 0	(501)	0	0	0	0	(501)
SERP transactions, net	0	162	0	(3)	0	0	159
Other	0	0	0	0	0	183	183
Balance at Jun. 30, 2017	$ 4,614	$ 140,831	$ (28,002)	$ (1,961)	$ 561,693	$ 1,134	$ 678,309
Balance (in shares) at Jun. 30, 2017	23,069

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Jun. 30, 2017
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 U.S. generally accepted accounting principles ("U.S. GAAP") for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X promulgated under the Securities Exchange Act of 1934. Accordingly, they do not include all of the information and footnotes required by 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 six-month period ended June 30, 2017 are not necessarily indicative of the results that may be expected for the year ending December 31, 2017. 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, 2016. The unaudited condensed consolidated balance sheet as of December 31, 2016 has been derived from the audited consolidated 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. 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, as amended, 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. Company management reviewed documentation of revenue streams received from its 16 manufacturing subsidiaries to assist in its effort to determine the effect the new standard will have on its financial reporting. A subsequent meeting was held in September 2016 with Company management, controllers of the manufacturing subsidiaries and an outside revenue expert to discuss the information in an effort to identify areas where a change in timing of revenue recognition may be required under the new guidance. Additional documentation is currently being assimilated for final review and evaluation in the next several months. Therefore, the Company has not yet determined the extent of the impact 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 does not expect the adoption of this standard to have a material impact 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 does not expect the adoption of this standard to have a material impact on its results of operations; however, the Company has not determined the impact the adoption of this new standard will have on its financial position. 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. As discussed above, 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 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. 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 August 2016, the FASB issued ASU No. 2016-15, "Classification of Certain Cash Receipts and Cash Payments (a consensus of the Emerging Issues Task Force)" which clarifies how certain cash receipts and cash payments should be presented on the statement of cash flows. The statement also addresses how the predominance principle should be applied when cash payments have aspects of more than one class of cash flows. In October 2016, the FASB issued ASU No. 2016-16, "Intra-Entity Transfers of Assets Other Than Inventory," which requires companies to account for the income tax effects of intercompany sales and transfers of assets other than inventory, such as intangible assets, when the transfer occurs. This is a change from current guidance, which requires companies to defer the income tax effects of intercompany transfers of assets until the asset has been sold to an outside party or otherwise recognized by being depreciated, amortized, or impaired. The new guidance will require companies to defer the income tax effects of only intercompany transfers of inventory. The standard is effective for public companies in fiscal years beginning after December 15, 2018. Early adoption is permitted as of the beginning of an annual period and requires companies to apply a modified retrospective approach. In January 2017, the FASB issued ASU No. 2017-01, "Business Combinations (Topic 805), Clarifying the Definition of a Business," which provides additional guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The standard is effective for public companies for annual or interim periods beginning after December 15, 2017. The Company plans to adopt the new standard effective January 1, 2018. The Company does not expect the application of this standard to have a material impact on its financial position, results of operations or cash flows. In January 2017, the FASB issued ASU No. 2017-04, "Intangibles-Goodwill and Other (Topic 350), Simplifying the Test for Goodwill Impairment," which eliminates Step 2 from the goodwill impairment test for public companies. Currently, Step 2 measures a goodwill impairment loss by comparing the implied fair value of a reporting unit's goodwill with the carrying amount of that goodwill. The new guidance stipulates that an entity should perform its annual or interim goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An impairment charge would be recognized for the amount by which the carrying amount exceeds the reporting unit's fair value, up to the amount of goodwill allocated to the reporting unit. The standard is effective for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019 with early adoption permitted. The Company plans to early adopt this standard for its annual impairment testing to be performed as of December 31, 2017. The Company does not expect the application of this standard to have a material impact on its financial position, results of operations or cash flows.

Earnings per Share

Earnings per Share	6 Months Ended
	Jun. 30, 2017
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 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 2017 2016 2017 2016 Numerator: Net income attributable to controlling interest $ 14,420 $ 18,192 $ 29,540 $ 35,935 Denominator: Denominator for basic earnings per share 23,026 22,999 23,020 22,982 Effect of dilutive securities: Restricted stock units 93 71 97 89 Supplemental Executive Retirement Plan 64 65 62 64 Denominator for diluted earnings per share 23,183 23,135 23,179 23,135

Receivables

Receivables	6 Months Ended
	Jun. 30, 2017
Receivables [Abstract]
Receivables	Note 3. Receivables Receivables are net of allowances for doubtful accounts of $1,463 and $1,511 as of June 30, 2017 and December 31, 2016, respectively.

Inventories

Inventories	6 Months Ended
	Jun. 30, 2017
Inventories [Abstract]
Inventories	Note 4. Inventories Inventories consist of the following: June 30, December 31, Raw materials and parts $ 141,103 $ 137,763 Work-in-process 135,909 115,613 Finished goods 79,217 84,898 Used equipment 25,094 22,130 Total $ 381,323 $ 360,404 Raw material inventory is comprised of purchased steel and other purchased items for use in the manufacturing process or held for sale for the 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 equipment 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 net realizable value determined on each separate unit. Inventories are valued at the lower of cost (first-in, first-out) or net realizable value, 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, actions by our competitors, the condition of our 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 we sell. 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. 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 to calculate reserves 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 the net realizable 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, 2017
Property and Equipment [Abstract]
Property and Equipment	Note 5. Property and Equipment Property and equipment is stated at cost, less accumulated depreciation of $230,041 and $220,444 as of June 30, 2017 and December 31, 2016, respectively.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2017
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 condensed consolidated 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 June 30, 2017 and December 31, 2016 are Level 1 and Level 2 in the fair value hierarchy as defined above: June 30, 2017 Level 1 Level 2 Total Financial Assets: Trading equity securities: SERP money market fund $ 385 $ -- $ 385 SERP mutual funds 3,892 -- 3,892 Preferred stocks 364 -- 364 Trading debt securities: Corporate bonds 5,673 -- 5,673 Municipal bonds -- 2,512 2,512 Floating rate notes 401 -- 401 Asset backed securities -- 588 588 U.S. Treasury notes 541 -- 541 Other -- 1,703 1,703 Total financial assets $ 11,256 $ 4,803 $ 16,059 Financial Liabilities: SERP liabilities $ -- $ 7,814 $ 7,814 Derivative financial instruments -- 161 161 Total financial liabilities $ -- $ 7,975 $ 7,975 December 31, 2016 Level 1 Level 2 Total Financial Assets: Trading equity securities: SERP money market fund $ 92 $ -- $ 92 SERP mutual funds 3,335 -- 3,335 Preferred stocks 475 -- 475 Trading debt securities: Corporate bonds 5,413 -- 5,413 Municipal bonds -- 2,248 2,248 Floating rate notes 118 -- 118 U.S. Treasury note 388 -- 388 Asset backed securities -- 637 637 Other -- 2,283 2,283 Derivative financial instruments -- 144 144 Total financial assets $ 9,821 $ 5,312 $ 15,133 Financial Liabilities: SERP liabilities $ -- $ 7,882 $ 7,882 Derivative financial instruments -- 89 89 Total financial liabilities $ -- $ 7,971 $ 7,971 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. No investments changed hierarchy levels from December 31, 2016 to June 30, 2017. 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 amounted to a net gain of $123 as of June 30, 2017 and a net loss of $107 as of December 31, 2016.

Debt

Debt	6 Months Ended
	Jun. 30, 2017
Debt [Abstract]
Debt	Note 7. Debt On April 12, 2017, 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 $30,000. There were no borrowings outstanding under the agreement (or the previous agreement) at any time during the six-month period ended June 30, 2017. Letters of credit totaling $8,446, including $6,200 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, 2017, resulting in additional borrowing ability of $91,554 under the credit facility. The credit agreement has a five-year term expiring in April 2022. 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 1.98% as of June 30, 2017. The unused facility fee is 0.125%. 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 and minimum tangible net worth. The Company's South African subsidiary, Osborn Engineered Products SA (Pty) Ltd ("Osborn"), has a credit facility of $7,266 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, 2017, Osborn had no outstanding borrowings but had $418 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, 2017, Osborn had available credit under the facility of $6,848. The interest rate is 0.25% less than the South Africa prime rate, resulting in a rate of 10.25% as of June 30, 2017. The Company's Brazilian subsidiary, Astec Brazil, has outstanding working capital loans totaling $4,439 as of June 30, 2017 from three Brazilian banks with interest rates ranging from 10.4% to 11.0%. The loans' maturity dates range from November 2018 to April 2024 and the debts are secured by Astec Brazil's manufacturing facility and also by letters of credit totaling $6,200 issued by Astec Industries, Inc. Additionally, Astec Brazil has various 5-year equipment financing loans outstanding with two Brazilian banks in the aggregate of $896 as of June 30, 2017 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 condensed consolidated balance sheets as current maturities of long-term debt ($2,572) and long-term debt ($2,763) as of June 30, 2017.

Product Warranty Reserves

Product Warranty Reserves	6 Months Ended
	Jun. 30, 2017
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 two years 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, 2017 and 2016 are as follows: Three Months Ended Six Months Ended 2017 2016 2017 2016 Reserve balance, beginning of the period $ 13,719 $ 10,397 $ 13,156 $ 9,100 Warranty liabilities accrued 4,252 4,685 8,248 8,300 Warranty liabilities settled (3,724 ) (3,212 ) (7,184 ) (5,569 ) Other 22 (12 ) 49 27 Reserve balance, end of the period $ 14,269 $ 11,858 $ 14,269 $ 11,858

Accrued Loss Reserves

Accrued Loss Reserves	6 Months Ended
	Jun. 30, 2017
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 $8,220 as of June 30, 2017 and $7,892 as of December 31, 2016, of which $5,323 and $5,040 were included in other long-term liabilities as of June 30, 2017 and December 31, 2016, respectively.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2017
Income Taxes [Abstract]
Income Taxes	Note 10. Income Taxes The Company's combined effective income tax rate was 32.8% and 36.2% for the three-month periods ended June 30, 2017 and 2016, respectively. The Company's combined effective income tax rate was 33.5% and 36.8% for the six-month periods ended June 30, 2017 and 2016, respectively. The Company's effective tax rate for the three-month and six-month periods ended June 30, 2017 and June 30, 2016 include the effect of state income taxes and other discrete items as well as a benefit for research and development credits. The Company's recorded liability for uncertain tax positions as of June 30, 2017 has increased by approximately $53 as compared to December 31, 2016 due to additional taxes and interest on existing reserves.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2017
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, 2017 Infrastructure Aggregate Energy Corporate Total Net sales to external $ 143,106 $ 107,118 $ 51,685 $ -- $ 301,909 Intersegment sales 4,434 6,016 7,016 -- 17,466 Gross profit 26,820 25,791 12,864 49 65,524 Gross profit percent 18.7 % 24.1 % 24.9 % -- 21.7 % Segment profit (loss) $ 9,893 $ 11,367 $ 3,165 $ (10,260 ) $ 14,165 Six Months Ended June 30, 2017 Infrastructure Aggregate Energy Corporate Total Net sales to external $ 308,349 $ 207,731 $ 104,230 $ -- $ 620,310 Intersegment sales 8,459 9,452 12,607 -- 30,518 Gross profit 64,621 50,814 25,751 110 141,296 Gross profit percent 21.0 % 24.5 % 24.7 % -- 22.8 % Segment profit (loss) $ 28,073 $ 19,795 $ 5,894 $ (24,689 ) $ 29,073 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 A reconciliation of total segment profits to the Company's consolidated totals is as follows: Three Months Ended Six Months Ended 2017 2016 2017 2016 Total segment profits $ 14,165 $ 18,334 $ 29,073 $ 35,317 Recapture (elimination) of intersegment profit 194 (193 ) 366 502 Net income 14,359 18,141 29,439 35,819 Net loss attributable to non-controlling (61 ) (51 ) (101 ) (116 ) Net income attributable to controlling interest $ 14,420 $ 18,192 $ 29,540 $ 35,935

Contingent Matters

Contingent Matters	6 Months Ended
	Jun. 30, 2017
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 $3,256 as of June 30, 2017. The maximum potential amount of future payments for which the Company would be liable was equal to $3,256 as of June 30, 2017. 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 $469 related to these guarantees as of June 30, 2017. In addition, the Company is contingently liable under letters of credit issued by Wells Fargo totaling $8,446 as of June 30, 2017, including $6,200 of letters of credit that guarantee certain Astec Brazil bank debt. The outstanding letters of credit expire at various dates through October 2020. As of June 30, 2017, the Company's foreign subsidiaries are contingently liable for a total of $1,382 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 $9,828 as of June 30, 2017. 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, 2017
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 to employees 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. Awards granted in February 2017 and after 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. Additional RSUs are granted to the Company's outside directors under the Company's Non-Employee Directors Compensation Plan with a one year vesting period. A total of 30 and 76 RSUs vested during the six-month periods ended June 30, 2017 and 2016, respectively. The Company withheld 8 and 24 shares due to statutory payroll tax withholding requirements upon the vesting of the RSUs in the first six months of 2017 and 2016, 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 2017 and 2016 was $1,975 and $3,204, respectively. Compensation expense of $1,498 and $928 was recorded in the six-month periods ended June 30, 2017 and 2016, respectively, to reflect the fair value of RSUs granted (or anticipated to be granted for 2017 performance) to employees 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, 2017
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, 2017 and 2016 is presented below: Three Months Ended Six Months Ended 2017 2016 2017 2016 Interest income $ 156 $ 155 $ 331 $ 443 Gain (loss) on investments 14 22 41 (15 ) License fee income 74 61 324 256 Other 17 38 77 135 Total $ 261 $ 276 $ 773 $ 819

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jun. 30, 2017
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 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 $9,642 during the six-month period ended June 30, 2017. The Company reported $161 of derivative liabilities in other current liabilities at June 30, 2017. At December 31, 2016, the Company reported $144 of derivative assets in other current assets and $89 of derivative liabilities in other current liabilities. The Company recognized, as a component of cost of sales, net losses of $278 and net gains of $292 on the changes in fair value of derivative financial instruments in the three-month periods ended June 30, 2017 and 2016, respectively. The Company recognized, as a component of cost of sales, net losses of $621 and net gains of $165 on the changes in fair value of derivative financial instruments in the six-month periods ended June 30, 2017 and 2016, respectively. There were no derivatives that were designated as hedges at June 30, 2017.

Business Combination

Business Combination	6 Months Ended
	Jun. 30, 2017
Business Combination [Abstract]
Business Combination	Note 16. Business Combination In August 2016, the Company acquired substantially all of the assets and certain liabilities of Power Flame Incorporated ("PFI") for a total purchase price of $39,765. The purchase price was paid in cash with $4,000 deposited into escrow for a period of time not to exceed two years pending final resolution of certain post-closing adjustments and any indemnification claims. The Company's allocation of the purchase price resulted in the recognition of $12,632 of goodwill and $17,990 of other intangible assets consisting of technology (19 year useful life), trade names (15 year useful life) and customer relationships (18 year useful life). The revenues and results of operations of PFI were not significant in relation to the Company's financial statements for the period ended December 31, 2016 and would not have been material on a proforma basis to any earlier period. PFI's operating results are included in the Energy Group beginning in the third quarter of 2016. PFI, located in Parsons, Kansas, began operations in 1948 and manufactures and sells gas, oil and combination gas/oil and low NOx burners with outputs ranging from 400 thousand BTU's per hour to 120 million BTU's per hour as well as combustion control systems designed for commercial, industrial and process heating applications.

Significant Accounting Polici23

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2017
Significant Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X promulgated under the Securities Exchange Act of 1934. Accordingly, they do not include all of the information and footnotes required by 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 six-month period ended June 30, 2017 are not necessarily indicative of the results that may be expected for the year ending December 31, 2017. 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, 2016. The unaudited condensed consolidated balance sheet as of December 31, 2016 has been derived from the audited consolidated 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.
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, as amended, 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. Company management reviewed documentation of revenue streams received from its 16 manufacturing subsidiaries to assist in its effort to determine the effect the new standard will have on its financial reporting. A subsequent meeting was held in September 2016 with Company management, controllers of the manufacturing subsidiaries and an outside revenue expert to discuss the information in an effort to identify areas where a change in timing of revenue recognition may be required under the new guidance. Additional documentation is currently being assimilated for final review and evaluation in the next several months. Therefore, the Company has not yet determined the extent of the impact 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 does not expect the adoption of this standard to have a material impact 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 does not expect the adoption of this standard to have a material impact on its results of operations; however, the Company has not determined the impact the adoption of this new standard will have on its financial position. 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. As discussed above, 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 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. 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 August 2016, the FASB issued ASU No. 2016-15, "Classification of Certain Cash Receipts and Cash Payments (a consensus of the Emerging Issues Task Force)" which clarifies how certain cash receipts and cash payments should be presented on the statement of cash flows. The statement also addresses how the predominance principle should be applied when cash payments have aspects of more than one class of cash flows. In October 2016, the FASB issued ASU No. 2016-16, "Intra-Entity Transfers of Assets Other Than Inventory," which requires companies to account for the income tax effects of intercompany sales and transfers of assets other than inventory, such as intangible assets, when the transfer occurs. This is a change from current guidance, which requires companies to defer the income tax effects of intercompany transfers of assets until the asset has been sold to an outside party or otherwise recognized by being depreciated, amortized, or impaired. The new guidance will require companies to defer the income tax effects of only intercompany transfers of inventory. The standard is effective for public companies in fiscal years beginning after December 15, 2018. Early adoption is permitted as of the beginning of an annual period and requires companies to apply a modified retrospective approach. In January 2017, the FASB issued ASU No. 2017-01, "Business Combinations (Topic 805), Clarifying the Definition of a Business," which provides additional guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The standard is effective for public companies for annual or interim periods beginning after December 15, 2017. The Company plans to adopt the new standard effective January 1, 2018. The Company does not expect the application of this standard to have a material impact on its financial position, results of operations or cash flows. In January 2017, the FASB issued ASU No. 2017-04, "Intangibles-Goodwill and Other (Topic 350), Simplifying the Test for Goodwill Impairment," which eliminates Step 2 from the goodwill impairment test for public companies. Currently, Step 2 measures a goodwill impairment loss by comparing the implied fair value of a reporting unit's goodwill with the carrying amount of that goodwill. The new guidance stipulates that an entity should perform its annual or interim goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An impairment charge would be recognized for the amount by which the carrying amount exceeds the reporting unit's fair value, up to the amount of goodwill allocated to the reporting unit. The standard is effective for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2019 with early adoption permitted. The Company plans to early adopt this standard for its annual impairment testing to be performed as of December 31, 2017. The Company does not expect the application of this standard to have a material impact on its financial position, results of operations or cash flows.

Earnings per Share (Tables)

Earnings per Share (Tables)	6 Months Ended
	Jun. 30, 2017
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 2017 2016 2017 2016 Numerator: Net income attributable to controlling interest $ 14,420 $ 18,192 $ 29,540 $ 35,935 Denominator: Denominator for basic earnings per share 23,026 22,999 23,020 22,982 Effect of dilutive securities: Restricted stock units 93 71 97 89 Supplemental Executive Retirement Plan 64 65 62 64 Denominator for diluted earnings per share 23,183 23,135 23,179 23,135

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2017
Inventories [Abstract]
Inventories	Inventories consist of the following: June 30, December 31, Raw materials and parts $ 141,103 $ 137,763 Work-in-process 135,909 115,613 Finished goods 79,217 84,898 Used equipment 25,094 22,130 Total $ 381,323 $ 360,404

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2017
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, 2017 and December 31, 2016 are Level 1 and Level 2 in the fair value hierarchy as defined above: June 30, 2017 Level 1 Level 2 Total Financial Assets: Trading equity securities: SERP money market fund $ 385 $ -- $ 385 SERP mutual funds 3,892 -- 3,892 Preferred stocks 364 -- 364 Trading debt securities: Corporate bonds 5,673 -- 5,673 Municipal bonds -- 2,512 2,512 Floating rate notes 401 -- 401 Asset backed securities -- 588 588 U.S. Treasury notes 541 -- 541 Other -- 1,703 1,703 Total financial assets $ 11,256 $ 4,803 $ 16,059 Financial Liabilities: SERP liabilities $ -- $ 7,814 $ 7,814 Derivative financial instruments -- 161 161 Total financial liabilities $ -- $ 7,975 $ 7,975 December 31, 2016 Level 1 Level 2 Total Financial Assets: Trading equity securities: SERP money market fund $ 92 $ -- $ 92 SERP mutual funds 3,335 -- 3,335 Preferred stocks 475 -- 475 Trading debt securities: Corporate bonds 5,413 -- 5,413 Municipal bonds -- 2,248 2,248 Floating rate notes 118 -- 118 U.S. Treasury note 388 -- 388 Asset backed securities -- 637 637 Other -- 2,283 2,283 Derivative financial instruments -- 144 144 Total financial assets $ 9,821 $ 5,312 $ 15,133 Financial Liabilities: SERP liabilities $ -- $ 7,882 $ 7,882 Derivative financial instruments -- 89 89 Total financial liabilities $ -- $ 7,971 $ 7,971

Product Warranty Reserves (Tabl

Product Warranty Reserves (Tables)	6 Months Ended
	Jun. 30, 2017
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, 2017 and 2016 are as follows: Three Months Ended Six Months Ended 2017 2016 2017 2016 Reserve balance, beginning of the period $ 13,719 $ 10,397 $ 13,156 $ 9,100 Warranty liabilities accrued 4,252 4,685 8,248 8,300 Warranty liabilities settled (3,724 ) (3,212 ) (7,184 ) (5,569 ) Other 22 (12 ) 49 27 Reserve balance, end of the period $ 14,269 $ 11,858 $ 14,269 $ 11,858

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2017
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, 2017 Infrastructure Aggregate Energy Corporate Total Net sales to external $ 143,106 $ 107,118 $ 51,685 $ -- $ 301,909 Intersegment sales 4,434 6,016 7,016 -- 17,466 Gross profit 26,820 25,791 12,864 49 65,524 Gross profit percent 18.7 % 24.1 % 24.9 % -- 21.7 % Segment profit (loss) $ 9,893 $ 11,367 $ 3,165 $ (10,260 ) $ 14,165 Six Months Ended June 30, 2017 Infrastructure Aggregate Energy Corporate Total Net sales to external $ 308,349 $ 207,731 $ 104,230 $ -- $ 620,310 Intersegment sales 8,459 9,452 12,607 -- 30,518 Gross profit 64,621 50,814 25,751 110 141,296 Gross profit percent 21.0 % 24.5 % 24.7 % -- 22.8 % Segment profit (loss) $ 28,073 $ 19,795 $ 5,894 $ (24,689 ) $ 29,073 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
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 2017 2016 2017 2016 Total segment profits $ 14,165 $ 18,334 $ 29,073 $ 35,317 Recapture (elimination) of intersegment profit 194 (193 ) 366 502 Net income 14,359 18,141 29,439 35,819 Net loss attributable to non-controlling (61 ) (51 ) (101 ) (116 ) Net income attributable to controlling interest $ 14,420 $ 18,192 $ 29,540 $ 35,935

Other Income, Net of Expenses (

Other Income, Net of Expenses (Tables)	6 Months Ended
	Jun. 30, 2017
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, 2017 and 2016 is presented below: Three Months Ended Six Months Ended 2017 2016 2017 2016 Interest income $ 156 $ 155 $ 331 $ 443 Gain (loss) on investments 14 22 41 (15 ) License fee income 74 61 324 256 Other 17 38 77 135 Total $ 261 $ 276 $ 773 $ 819

Significant Accounting Polici30

Significant Accounting Policies (Details)	6 Months Ended
	Jun. 30, 2017Subsidiary
Accounting Standards Update 2014-09 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of manufacturing subsidiaries	16

Earnings per Share (Details)

Earnings per Share (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Numerator [Abstract]
Net income attributable to controlling interest	$ 14,420	$ 18,192	$ 29,540	$ 35,935
Denominator [Abstract]
Denominator for basic earnings per share (in shares)	23,026	22,999	23,020	22,982
Effect of dilutive securities [Abstract]
Restricted stock units (in shares)	93	71	97	89
Supplemental Executive Retirement Plan (in shares)	64	65	62	64
Denominator for diluted earnings per share (in shares)	23,183	23,135	23,179	23,135

Receivables (Details)

Receivables (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Receivables [Abstract]
Allowances for doubtful accounts	$ 1,463	$ 1,511

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Inventories [Abstract]
Raw materials and parts	$ 141,103	$ 137,763
Work-in-process	135,909	115,613
Finished goods	79,217	84,898
Used equipment	25,094	22,130
Total	$ 381,323	$ 360,404

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Property and Equipment [Abstract]
Accumulated depreciation	$ 230,041	$ 220,444

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Financial Liabilities [Abstract]
Net unrealized gains (losses) incurred	$ 123	$ (107)
Measured at Fair Value on a Recurring Basis [Member]
Financial Assets [Abstract]
Derivative financial instruments		144
Total financial assets	16,059	15,133
Financial Liabilities [Abstract]
SERP liabilities	7,814	7,882
Derivative financial instruments	161	89
Total financial liabilities	7,975	7,971
Measured at Fair Value on a Recurring Basis [Member] | SERP Money Market Fund [Member]
Financial Assets [Abstract]
Investments	385	92
Measured at Fair Value on a Recurring Basis [Member] | SERP Mutual Funds [Member]
Financial Assets [Abstract]
Investments	3,892	3,335
Measured at Fair Value on a Recurring Basis [Member] | Preferred Stocks [Member]
Financial Assets [Abstract]
Investments	364	475
Measured at Fair Value on a Recurring Basis [Member] | Corporate Bonds [Member]
Financial Assets [Abstract]
Investments	5,673	5,413
Measured at Fair Value on a Recurring Basis [Member] | Municipal Bonds [Member]
Financial Assets [Abstract]
Investments	2,512	2,248
Measured at Fair Value on a Recurring Basis [Member] | Floating Rate Notes [Member]
Financial Assets [Abstract]
Investments	401	118
Measured at Fair Value on a Recurring Basis [Member] | U.S. Treasury Bills [Member]
Financial Assets [Abstract]
Investments		388
Measured at Fair Value on a Recurring Basis [Member] | Asset Backed Securities [Member]
Financial Assets [Abstract]
Investments	588	637
Measured at Fair Value on a Recurring Basis [Member] | U.S. Treasury Notes [Member]
Financial Assets [Abstract]
Investments	541
Measured at Fair Value on a Recurring Basis [Member] | Other [Member]
Financial Assets [Abstract]
Investments	1,703	2,283
Measured at Fair Value on a Recurring Basis [Member] | Level 1 [Member]
Financial Assets [Abstract]
Derivative financial instruments		0
Total financial assets	11,256	9,821
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	385	92
Measured at Fair Value on a Recurring Basis [Member] | Level 1 [Member] | SERP Mutual Funds [Member]
Financial Assets [Abstract]
Investments	3,892	3,335
Measured at Fair Value on a Recurring Basis [Member] | Level 1 [Member] | Preferred Stocks [Member]
Financial Assets [Abstract]
Investments	364	475
Measured at Fair Value on a Recurring Basis [Member] | Level 1 [Member] | Corporate Bonds [Member]
Financial Assets [Abstract]
Investments	5,673	5,413
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	401	118
Measured at Fair Value on a Recurring Basis [Member] | Level 1 [Member] | U.S. Treasury Bills [Member]
Financial Assets [Abstract]
Investments		388
Measured at Fair Value on a Recurring Basis [Member] | Level 1 [Member] | Asset Backed Securities [Member]
Financial Assets [Abstract]
Investments	0	0
Measured at Fair Value on a Recurring Basis [Member] | Level 1 [Member] | U.S. Treasury Notes [Member]
Financial Assets [Abstract]
Investments	541
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		144
Total financial assets	4,803	5,312
Financial Liabilities [Abstract]
SERP liabilities	7,814	7,882
Derivative financial instruments	161	89
Total financial liabilities	7,975	7,971
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	0
Measured at Fair Value on a Recurring Basis [Member] | Level 2 [Member] | Municipal Bonds [Member]
Financial Assets [Abstract]
Investments	2,512	2,248
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	588	637
Measured at Fair Value on a Recurring Basis [Member] | Level 2 [Member] | U.S. Treasury Notes [Member]
Financial Assets [Abstract]
Investments	0
Measured at Fair Value on a Recurring Basis [Member] | Level 2 [Member] | Other [Member]
Financial Assets [Abstract]
Investments	$ 1,703	$ 2,283

Debt (Details)

Debt (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2017USD ($)Bank	Apr. 12, 2017USD ($)	Dec. 31, 2016USD ($)
Debt [Abstract]
Current maturities of long-term debt	$ 2,572		$ 2,538
Long-term debt	2,763		$ 4,116
Maximum [Member]
Debt [Abstract]
Amount of letters of credit outstanding	9,828
Osborn [Member]
Debt [Abstract]
Amount of credit facility	7,266
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	$ 418
Available credit under the facility	$ 6,848
Interest rate at period end	10.25%
Astec Brazil Working Capital Loans [Member]
Debt [Abstract]
Outstanding loans	$ 4,439
Number of banks | Bank	3
Astec Brazil Working Capital Loans [Member] | Minimum [Member]
Debt [Abstract]
Debt instrument, interest rate	10.40%
Debt instrument, maturity date	Nov. 30, 2018
Astec Brazil Working Capital Loans [Member] | Maximum [Member]
Debt [Abstract]
Debt instrument, interest rate	11.00%
Debt instrument, maturity date	Apr. 30, 2024
Astec Brazil Equipment Financing [Member]
Debt [Abstract]
Term loan	5 years
Outstanding loans	$ 896
Number of banks | Bank	2
Astec Brazil Equipment Financing [Member] | Minimum [Member]
Debt [Abstract]
Debt instrument, interest rate	3.50%
Debt instrument, maturity date	Sep. 30, 2018
Astec Brazil Equipment Financing [Member] | Maximum [Member]
Debt [Abstract]
Debt instrument, interest rate	16.30%
Debt instrument, maturity date	Apr. 30, 2020
Astec Brazil Working Capital Loans and Equipment Financing [Member]
Debt [Abstract]
Current maturities of long-term debt	$ 2,572
Long-term debt	$ 2,763
South American Prime Rate [Member] | Osborn [Member]
Debt [Abstract]
Differential rate (less than prime rate)	0.25%
Wells Fargo [Member]
Debt [Abstract]
Borrowings outstanding	$ 0
Amount of letters of credit outstanding	8,446
Line of credit, additional borrowing capacity	$ 91,554
Term loan	5 years
Maturity date	Apr. 30, 2022
Interest rate at period end	1.98%
Wells Fargo [Member] | Maximum [Member]
Debt [Abstract]
Amount of credit facility		$ 100,000
Sub-limit for letters of credit		$ 30,000
Wells Fargo [Member] | Astec Brazil Working Capital Loans [Member]
Debt [Abstract]
Contingent liabilities for letters of credit issued on behalf of foreign subsidiaries	$ 6,200
Wells Fargo [Member] | LIBOR [Member]
Debt [Abstract]
Additional rate over base, percentage	0.75%
Unused facility fee as a percentage of line of credit	0.125%

Product Warranty Reserves (Deta

Product Warranty Reserves (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Product warranty reserves [Roll Forward]
Reserve balance, beginning of the period	$ 13,719	$ 10,397	$ 13,156	$ 9,100
Warranty liabilities accrued	4,252	4,685	8,248	8,300
Warranty liabilities settled	(3,724)	(3,212)	(7,184)	(5,569)
Other	22	(12)	49	27
Reserve balance, end of the period	$ 14,269	$ 11,858	$ 14,269	$ 11,858
Minimum [Member]
Product Warranty Liability [Line Items]
Product warranty reserve term			3 months
Maximum [Member]
Product Warranty Liability [Line Items]
Product warranty reserve term			2 years

Accrued Loss Reserves (Details)

Accrued Loss Reserves (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Accrued Loss Reserves [Abstract]
Total accrued loss reserves	$ 8,220	$ 7,892
Accrued loss reserves included in other long-term liabilities	$ 5,323	$ 5,040

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Income Taxes [Abstract]
Effective income tax rate	32.80%	36.20%	33.50%	36.80%
Increase in liability for uncertain tax positions			$ 53

Segment Information, Segment In

Segment Information, Segment Information (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2017USD ($)SegmentBusinessunit	Jun. 30, 2016USD ($)
Segment Information [Abstract]
Number of reportable segments | Segment			3
Segment Reporting Information [Line Items]
Net sales	$ 301,909	$ 294,394	$ 620,310	$ 573,116
Gross profit	$ 65,524	$ 73,452	$ 141,296	$ 145,408
Gross profit percent	21.70%	25.00%	22.80%	25.40%
Segment profit (loss)	$ 14,165	$ 18,334	$ 29,073	$ 35,317
Infrastructure Group [Member]
Segment Reporting Information [Line Items]
Number of business units | Businessunit			5
Number of business units which design, engineer, manufacture and market product lines | Businessunit			3
Number of business units that operate as Company-owned dealers | Businessunit			2
Aggregate and Mining Group [Member]
Segment Reporting Information [Line Items]
Number of business units | Businessunit			8
Energy Group [Member]
Segment Reporting Information [Line Items]
Number of business units | Businessunit			5
Corporate [Member]
Segment Reporting Information [Line Items]
Net sales	0	0	$ 0	0
Gross profit	$ 49	$ 214	$ 110	$ 103
Gross profit percent	0.00%	0.00%	0.00%	0.00%
Segment profit (loss)	$ (10,260)	$ (14,912)	$ (24,689)	$ (29,137)
Reportable Segments [Member] | Infrastructure Group [Member]
Segment Reporting Information [Line Items]
Net sales	143,106	152,476	308,349	305,590
Gross profit	$ 26,820	$ 36,583	$ 64,621	$ 76,420
Gross profit percent	18.70%	24.00%	21.00%	25.00%
Segment profit (loss)	$ 9,893	$ 19,673	$ 28,073	$ 41,536
Reportable Segments [Member] | Aggregate and Mining Group [Member]
Segment Reporting Information [Line Items]
Net sales	107,118	99,085	207,731	191,573
Gross profit	$ 25,791	$ 26,141	$ 50,814	$ 51,289
Gross profit percent	24.10%	26.40%	24.50%	26.80%
Segment profit (loss)	$ 11,367	$ 10,947	$ 19,795	$ 20,485
Reportable Segments [Member] | Energy Group [Member]
Segment Reporting Information [Line Items]
Net sales	51,685	42,833	104,230	75,953
Gross profit	$ 12,864	$ 10,514	$ 25,751	$ 17,596
Gross profit percent	24.90%	24.50%	24.70%	23.20%
Segment profit (loss)	$ 3,165	$ 2,626	$ 5,894	$ 2,433
Intersegment Eliminations [Member]
Segment Reporting Information [Line Items]
Net sales	17,466	16,600	30,518	28,090
Segment profit (loss)	194	(193)	366	502
Intersegment Eliminations [Member] | Infrastructure Group [Member]
Segment Reporting Information [Line Items]
Net sales	4,434	4,511	8,459	7,684
Intersegment Eliminations [Member] | Aggregate and Mining Group [Member]
Segment Reporting Information [Line Items]
Net sales	6,016	5,945	9,452	10,796
Intersegment Eliminations [Member] | Energy Group [Member]
Segment Reporting Information [Line Items]
Net sales	7,016	6,144	12,607	9,610
Intersegment Eliminations [Member] | Corporate [Member]
Segment Reporting Information [Line Items]
Net sales	$ 0	$ 0	$ 0	$ 0

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, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Reconciliation of total segment profits to the Company's consolidated totals [Abstract]
Segment profit (loss)	$ 14,165	$ 18,334	$ 29,073	$ 35,317
Net income	14,359	18,141	29,439	35,819
Net loss attributable to non-controlling interest in subsidiaries	(61)	(51)	(101)	(116)
Net income attributable to controlling interest	14,420	18,192	29,540	35,935
Intersegment Recapture (Eliminations) [Member]
Reconciliation of total segment profits to the Company's consolidated totals [Abstract]
Segment profit (loss)	$ 194	$ (193)	$ 366	$ 502

Contingent Matters (Details)

Contingent Matters (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2017USD ($)Party
Contingent Matters [Abstract]
Liability recorded related to guarantees	$ 469
Guarantor Obligations [Line Items]
Contingent liability for customer debt	$ 3,256
Number of parties involved in EPA cleanup | Party	300
Maximum [Member]
Guarantor Obligations [Line Items]
Contingent liabilities for letters of credit	$ 9,828
Letter of Credit Wells Fargo [Member]
Guarantor Obligations [Line Items]
Contingent liabilities for letters of credit	$ 8,446
Letter of credit expiration date	Oct. 31, 2020
Astec Brazil Working Capital Loans [Member]
Guarantor Obligations [Line Items]
Contingent liabilities for letters of credit issued on behalf of foreign subsidiaries	$ 6,200
Letter of Credit [Member]
Guarantor Obligations [Line Items]
Performance bank guarantee, subsidiary obligations to fulfill contracts	$ 1,382

Shareholders' Equity (Details)

Shareholders' Equity (Details) - Restricted Stock Units (RSUs) [Member] - USD ($) shares in Thousands, $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Restricted stock units under the long-term Incentive Plans [Abstract]
Vesting period	5 years
Awards granted in February 2017 and after	3 years
Restricted stock units vested (in shares)	30	76
Shares withheld upon vesting (in shares)	8	24
Fair value of vested restricted stock units	$ 1,975	$ 3,204
Compensation expense	$ 1,498	$ 928
Non-Employee Directors Compensation Plan [Member]
Restricted stock units under the long-term Incentive Plans [Abstract]
Vesting period	1 year

Other Income, Net of Expenses44

Other Income, Net of Expenses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Other Income, Net of Expenses [Abstract]
Interest income	$ 156	$ 155	$ 331	$ 443
Gain (loss) on investments	14	22	41	(15)
License fee income	74	61	324	256
Other	17	38	77	135
Total	$ 261	$ 276	$ 773	$ 819

Derivative Financial Instrume45

Derivative Financial Instruments (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative assets		$ 144
Other Current Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative liabilities	$ 161	$ 89
Foreign Exchange Contract [Member]
Derivatives, Fair Value [Line Items]
Average notional amount	$ 9,642

Derivative Financial Instrume46

Derivative Financial Instruments, Gain (Loss) recognized in income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Not Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member] | Cost of Sales [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on derivative financial instruments recognized in income, net	$ (278)	$ 292	$ (621)	$ 165

Business Combination (Details)

Business Combination (Details) BTU in Thousands, $ in Thousands	Aug. 01, 2016USD ($)	Jun. 30, 2017USD ($)BTU	Dec. 31, 2016USD ($)
Business Acquisition [Line Items]
Goodwill		$ 41,647	$ 40,804
Power Flame Incorporated [Member]
Business Acquisition [Line Items]
Date of acquisition		Aug. 1, 2016
Cash purchase price	$ 39,765
Amount held in escrow	4,000
Goodwill	12,632
Other intangible assets	$ 17,990
Power Flame Incorporated [Member] | Minimum [Member]
Business Acquisition [Line Items]
Hourly output of gas oil and low NOx burners | BTU		400
Power Flame Incorporated [Member] | Maximum [Member]
Business Acquisition [Line Items]
Period of time for amount held in escrow		2 years
Hourly output of gas oil and low NOx burners | BTU		120,000
Power Flame Incorporated [Member] | Technology [Member]
Business Acquisition [Line Items]
Useful life of intangible assets		19 years
Power Flame Incorporated [Member] | Trade Name [Member]
Business Acquisition [Line Items]
Useful life of intangible assets		15 years
Power Flame Incorporated [Member] | Customer Relationships [Member]
Business Acquisition [Line Items]
Useful life of intangible assets		18 years