Intangible Assets, Net

3 Months Ended

Dec. 31, 2013

Intangible Assets, Net

Intangible Assets, Net

Note 11.  Intangible assets, net

	December 31, 2013						September 30, 2013
	Gross Carrying Value		Accumulated Amortization		Net Carrying Amount		Gross Carrying Value		Accumulated Amortization		Net Carrying Amount
Customer relationships and contracts:
Aerospace	$	282,257	$	(82,266)	$	199,991	$	282,225	$	(77,288)	$	204,937
Energy		42,113		(30,510)		11,603		42,008		(29,711)		12,297
Total	$	324,370	$	(112,776)	$	211,594	$	324,233	$	(106,999)	$	217,234
Intellectual property:
Aerospace	$	-	$	-	$	-	$	-	$	-	$	-
Energy		20,316		(15,129)		5,187		20,218		(14,722)		5,496
Total	$	20,316	$	(15,129)	$	5,187	$	20,218	$	(14,722)	$	5,496
Process technology:
Aerospace	$	76,734	$	(27,545)	$	49,189	$	76,718	$	(26,129)	$	50,589
Energy		23,598		(12,143)		11,455		23,458		(11,699)		11,759
Total	$	100,332	$	(39,688)	$	60,644	$	100,176	$	(37,828)	$	62,348
Other intangibles:
Aerospace	$	47,360	$	(45,129)	$	2,231	$	47,351	$	(44,572)	$	2,779
Energy		2,669		(1,796)		873		2,631		(1,713)		918
Total	$	50,029	$	(46,925)	$	3,104	$	49,982	$	(46,285)	$	3,697
Total intangibles:
Aerospace	$	406,351	$	(154,940)	$	251,411	$	406,294	$	(147,989)	$	258,305
Energy		88,696		(59,578)		29,118		88,315		(57,845)		30,470
Consolidated Total	$	495,047	$	(214,518)	$	280,529	$	494,609	$	(205,834)	$	288,775

For the three-months ended December 31, 2013 and December 31, 2012, Woodward recorded amortization expense of the following:

	Three-Months Ended
	December 31,
	2013		2012
Amortization expense	$	8,484	$	7,667

Future amortization expense associated with intangibles is expected to be:

Year Ending September 30:
2014 (remaining)	$	25,036
2015		29,457
2016		27,752
2017		25,980
2018		25,150
Thereafter		147,154
	$	280,529