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)

3 Months Ended

Mar. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

The following table summarizes acquired intangible assets as follows:


				March 30, 2019							December 31, 2018
(In thousands)	Weighted Average Life	Gross Carrying Amount			Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Patents	11 years	$	2,146		$	1,738	$	2,146	$	1,716
Non-compete Agreement	4 years	10,900			5,429		10,900		4,680
Trade Names	10 years	11,438			5,449		11,454		5,182
Completed and Unpatented Technology	10 years	36,378			15,897		36,406		14,964
Customer Relationships	15 years	136,845			40,061		136,894		37,875
Total Intangible Assets	13 years	$	197,707		$	68,574	$	197,800	$	64,417

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:


	Three Months Ended
(In thousands)	March 30, 2019		March 31, 2018
Amortization Expense	$	4,224	$	6,001

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

Amortization expense for acquired intangible assets expected for 2019 and for each of the next five years is summarized as follows:


(In thousands)
2019	$	16,616
2020	15,903
2021	13,993
2022	13,569
2023	12,402
2024	10,931