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

Jul. 01, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

The following table summarizes acquired intangible assets as follows:



		July 1, 2017				December 31, 2016
(In thousands)	Weighted Average Life	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Patents	4 Years	$	2,146	$	1,544	$	2,146	$	1,450
Non-compete Agreement	3 Years	2,500		1,229		2,500		979
Trade Names	7 Years	10,433		3,626		10,189		3,153
Completed and Unpatented Technology	5 Years	25,207		10,481		24,118		9,221
Backlog	Less than 1 Year	11,384		11,277		11,224		11,224
Customer Relationships	11 Years	97,245		26,394		97,046		23,093
Total Intangible Assets	5 Years	$	148,915	$	54,551	$	147,223	$	49,120

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)	July 1, 2017		July 2, 2016		July 1, 2017		July 2, 2016
Amortization Expense	$	5,340	$	5,607	$	2,722	$	2,799

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

Amortization expense for acquired intangible assets expected for 2017 and for each of the next five years is summarized as follows:



(In thousands)
2017	$	10,756
2018	10,314
2019	9,935
2020	9,379
2021	9,333
2022	8,937