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

Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

Intangible Assets

3 Months Ended

Apr. 04, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

4) Intangible Assets

The following table summarizes acquired intangible assets as follows:


			April 4, 2015				December 31, 2014
(In thousands)	Weighted Average Life		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Patents		6 Years	$	2,146	$	1,124	$	2,146	$	1,077
Trade Names		9 Years		8,217		1,472		8,304		1,288
Completed and Unpatented Technology		7 Years		17,957		4,852		18,107		4,396
Backlog and Customer Relationships		12 Years		113,539		22,378		93,448		20,253

Total Intangible Assets		8 Years	$	141,859	$	29,826	$	122,005	$	27,014

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


	Three Months Ended
(In thousands)	April 4, 2015		March 29, 2014

Amortization Expense	$	2,852	$	2,467

Amortization expense for intangible assets expected for 2015 and for each of the next five years is summarized as follows:


(In thousands)

2015	$	11,100
2016		10,710
2017		10,293
2018		9,980
2019		9,579
2020		9,524