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

Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

Intangible Assets

6 Months Ended

Jun. 28, 2014

Goodwill And Intangible Assets Disclosure [Abstract]

Intangible Assets

4) Intangible Assets

The following table summarizes acquired intangible assets as follows:


			June 28, 2014				December 31, 2013
(In thousands)	Weighted Average Life		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Patents		7 Years	$	2,146	$	984	$	2,146	$	891
Trade Names		8 Years		7,453		893		7,453		552
Completed and Unpatented Technology		9 Years		16,667		3,356		15,377		2,620
Backlog and Customer Relationships		11 Years		86,867		10,941		88,998		7,210

Total Intangible Assets		8 Years	$	113,133	$	16,174	$	113,974	$	11,273

All acquired intangible assets other than goodwill and one trade name are being amortized. Amortization expense for acquired intangibles is summarized as follows:


	Six Months Ended				Three Months Ended
(In thousands)	June 28, 2014		June 29, 2013		June 28, 2014		June 29, 2013
Amortization Expense	$	4,904	$	935	$	2,437	$	468

Amortization expense for intangible assets expected for 2014 and for each of the next five years is summarized as follows:


(In thousands)
2014	$	9,927
2015		7,907
2016		7,731
2017		7,723
2018		7,632
2019		7,513