AstroNova, Inc. Fair Value Disclosure
Note 23—Fair Value Measurements
Assets and Liabilities Not Recorded at Fair Value on the Consolidated Balance Sheet
Our long-term debt, including the current portion, not reflected in the financial statements at fair value, is reflected in the table below:
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Fair Value Measurement at |
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(In thousands) |
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Level 1 |
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Level 2 |
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Level 3 |
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Total |
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Carrying |
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Long-Term Debt and Related Current Maturities |
|
$ |
— |
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|
$ |
— |
|
|
$ |
21,565 |
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|
$ |
21,565 |
|
|
$ |
21,436 |
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|
|
Fair Value Measurement at |
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|
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(In thousands) |
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
|
Carrying |
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|||||
Long-Term Debt and Related Current Maturities |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
25,202 |
|
|
$ |
25,202 |
|
|
$ |
25,239 |
|
The fair value of our long-term debt, including the current portion, is estimated by discounting the future cash flows using current interest rates at which similar borrowings with the same maturities would be made to borrowers with similar credit ratings and is classified as Level 3.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2026 | Apr 15, 2026 | Showing above |
| 2025 | Apr 15, 2025 | |
| 2024 | Apr 12, 2024 | |
| 2023 | Apr 17, 2023 | |
| 2022 | Apr 18, 2022 | |
| 2021 | Apr 13, 2021 | |
| 2020 | Apr 10, 2020 | |
| 2019 | Apr 10, 2019 | |
| 2018 | Apr 10, 2018 | |
| 2017 | Apr 7, 2017 | |
| 2016 | Apr 8, 2016 | |
About Fair Value Disclosures
Fair value disclosures classify all assets and liabilities measured at fair value into a three-level hierarchy: Level 1 (quoted market prices), Level 2 (observable inputs like yield curves), and Level 3 (unobservable inputs requiring management estimates). The proportion of Level 3 assets directly reflects how much of the balance sheet depends on internal models rather than market evidence.
Key signals: a growing Level 3 balance relative to total fair-value assets increases valuation uncertainty and earnings volatility risk. Watch for transfers between levels — assets moving from Level 2 to Level 3 often signal deteriorating market liquidity. Unrealized gains and losses on Level 3 positions flow through earnings or other comprehensive income, so large swings deserve scrutiny. For financial institutions, examine the sensitivity disclosures that show how Level 3 valuations change under alternative assumptions. Compare the fair value of debt against its carrying amount to gauge hidden leverage.