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. 31, 2012

Intangible Assets/Goodwill [Abstract]

Intangible Assets

4) Intangible Assets

The following table summarizes acquired intangible assets as follows:


		March 31, 2012				December 31, 2011
(In thousands)	Weighted Average Life	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Patents	12 Years	$	1,271	$	710	$	1,271	$	685
Trade Names	0 - 10 Years		1,853		40		1,853		7
Completed and Unpatented Technology	10 - 15 Years		5,277		1,356		5,277		1,242
Backlog and Customer Relationships	3 – 20 Years		9,985		2,630		9,985		2,452

Total Intangible Assets		$	18,386	$	4,736	$	18,386	$	4,386

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 31, 2012		April 2, 2011
Amortization Expense	$	350	$	114

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


(In thousands)
2012	$	1,261
2013		1,215
2014		1,215
2015		1,170
2016		1,166

- Definition

The entire disclosure for all or part of the information related to intangible assets.

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