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)

9 Months Ended

Sep. 30, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

The following table summarizes acquired intangible assets as follows:



		September 30, 2017				December 31, 2016
(In thousands)	Weighted Average Life	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Patents	4 Years	$	2,146	$	1,590	$	2,146	$	1,450
Non-compete Agreement	3 Years	2,500		1,354		2,500		979
Trade Names	7 Years	10,480		3,866		10,189		3,153
Completed and Unpatented Technology	5 Years	26,094		11,147		24,118		9,221
Backlog	Less than 1 Year	11,524		11,424		11,224		11,224
Customer Relationships	11 Years	99,831		28,139		97,046		23,093
Total Intangible Assets	5 Years	$	152,575	$	57,520	$	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:



	Nine Months Ended				Three Months Ended
(In thousands)	September 30, 2017		October 1, 2016		September 30, 2017		October 1, 2016
Amortization Expense	$	8,269	$	8,202	$	2,929	$	2,595

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	$	11,089
2018	10,593
2019	10,214
2020	9,658
2021	9,612
2022	9,216