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

Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

Intangible Assets

3 Months Ended

Mar. 29, 2014

Goodwill And Intangible Assets Disclosure [Abstract]

Intangible Assets

4) Intangible Assets

The following table summarizes acquired intangible assets as follows:


		March 29, 2014				December 31, 2013
(In thousands)	Weighted Average Life	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Patents	11 Years	$	2,146	$	937	$	2,146	$	891
Trade Names	10 Years		7,453		720		7,453		552
Completed and Unpatented Technology	10 Years		16,727		2,948		15,377		2,620
Backlog and Customer Relationships	14 Years		88,984		9,135		88,998		7,210

Total Intangible Assets	13 Years	$	115,310	$	13,740	$	113,974	$	11,273

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 29, 2014		March 30, 2013

Amortization Expense	$	2,467	$	468

Amortization expense for intangible assets expected for 2014 and for each of the next five years is summarized as follows:


(In thousands)

2014	$	10,079
2015		8,209
2016		8,033
2017		8,025
2018		7,934
2019		7,815