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

Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

Intangible Assets

6 Months Ended

Jun. 29, 2013

Goodwill And Intangible Assets Disclosure [Abstract]

Intangible Assets

4) Intangible Assets

The following table summarizes acquired intangible assets as follows:


			June 29, 2013				December 31, 2012
(In thousands)	Weighted Average Life		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Patents		12 Years	$	1,271	$	834	$	1,271	$	784
Trade Names		10 Years		2,453		258		2,453		162
Completed and Unpatented Technology		11 Years		6,377		2,034		6,377		1,749
Backlog and Customer Relationships		12 Years		12,772		4,159		13,085		3,968

Total Intangible Assets		11 Years	$	22,873	$	7,285	$	23,186	$	6,663

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 29, 2013		June 30, 2012		June 29, 2013		June 30, 2012
Amortization Expense	$	935	$	653	$	468	$	304

Amortization expense for intangible assets expected for 2013 and for each of the next five years is as follows:


(In thousands)
2013	$	1,727
2014		1,518
2015		1,474
2016		1,470
2017		1,462
2018		1,371