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

Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

The following table summarizes acquired intangible assets as follows:



		June 30, 2018				December 31, 2017
(In thousands)	Weighted Average Life	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Patents	11 Years	$	2,146	$	1,672	$	2,146	$	1,629
Non-compete Agreement	4 Years	10,900		3,184		10,900		1,687
Trade Names	10 Years	11,471		4,648		11,492		4,114
Completed and Unpatented Technology	10 Years	38,078		13,945		38,114		11,931
Backlog	2 Years	14,424		14,424		14,424		12,184
Customer Relationships	15 Years	137,902		34,504		137,967		30,005
Total Intangible Assets	12 Years	$	214,921	$	72,377	$	215,043	$	61,550

Summary of Amortization Expense for Acquired Intangibles

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 30, 2018		July 1, 2017		June 30, 2018		July 1, 2017
Amortization Expense	$	10,868	$	5,340	$	4,867	$	2,722

Summary of Amortization Expense for Intangible Assets for Each of Next Five Years

Amortization expense for acquired intangible assets expected for 2018 and for each of the next five years is summarized as follows:



(In thousands)
2018	$	19,384
2019	16,700
2020	15,975
2021	14,065
2022	13,631
2023	12,463