Astronics Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

Intangible Assets

9 Months Ended

Sep. 28, 2013

Goodwill And Intangible Assets Disclosure [Abstract]

Intangible Assets

4) Intangible Assets

The following table summarizes acquired intangible assets as follows:


			September 28, 2013				December 31, 2012
(In thousands)	Weighted Average Life		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Patents		12 Years	$	1,271	$	859	$	1,271	$	784
Trade Names		10 Years		6,653		375		2,453		162
Completed and Unpatented Technology		11 Years		9,677		2,233		6,377		1,749
Backlog and Customer Relationships		14 Years		74,272		5,312		13,085		3,968

Total Intangible Assets		14 Years	$	91,873	$	8,779	$	23,186	$	6,663

All acquired intangible assets other than one trade name with a carrying value of $0.5 million and goodwill are being amortized. Amortization expense for acquired intangibles is summarized as follows:


	Nine months Ended				Three Months Ended
(In thousands)	September 28, 2013		September 29, 2012		September 28, 2013		September 29, 2012
Amortization Expense	$	2,429	$	1,667	$	1,494	$	1,013

Amortization expense for intangible assets expected for 2013 and for each of the next five years is as follows:


(In thousands)
2013	$	4,476
2014		8,107
2015		6,168
2016		5,992
2017		5,983
2018		5,892