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. 02, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

The following table summarizes acquired intangible assets as follows:



		July 2, 2016				December 31, 2015
(In thousands)	Weighted Average Life	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Patents	5 Years	$	2,146	$	1,357	$	2,146	$	1,264
Non-compete Agreement	4 Years	2,500		729		2,500		479
Trade Names	7 Years	10,232		2,685		10,217		2,216
Completed and Unpatented Technology	6 Years	24,083		8,006		24,056		6,795
Backlog	Less than 1 Year	11,627		11,202		11,202		10,793
Customer Relationships	12 Years	96,946		19,957		96,472		16,770
Total Intangible Assets	6 Years	$	147,534	$	43,936	$	146,593	$	38,317

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 2, 2016		July 4, 2015		July 2, 2016		July 4, 2015
Amortization Expense	$	5,607	$	5,772	$	2,799	$	2,920

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

Amortization expense for acquired intangible assets expected for 2016 and for each of the next five years is summarized as follows:



(In thousands)
2016	$	11,013
2017	10,591
2018	10,066
2019	9,664
2020	9,130
2021	9,085