Property, Plant, and Equipment, Net

3 Months Ended

Dec. 31, 2016

Note 9. Property, plant, and equipment



	December 31,		September 30,
	2016		2016
Land and land improvements	$	87,294	$	87,696
Buildings and building improvements		525,710		527,704
Leasehold improvements		14,662		15,213
Machinery and production equipment		481,041		484,315
Computer equipment and software		122,418		117,984
Office furniture and equipment		29,133		29,344
Other		19,121		18,969
Construction in progress		92,516		88,909
		1,371,895		1,370,134
Less accumulated depreciation		(494,818)		(493,784)
Property, plant, and equipment, net	$	877,077	$	876,350

Included in “Office furniture and equipment” and “Other” is $1,653 at December 31, 2016 and September 30, 2016, of gross assets acquired on capital leases, and accumulated depreciation included $425 at December 31, 2016 and $322 at September 30, 2016 of amortization associated with the capital lease assets.

In fiscal year 2015, Woodward completed and placed into service a manufacturing and office building on a second campus in the greater-Rockford, Illinois area and has occupied the new facility in anticipation of beginning serial production of new narrow-body product lines beginning in fiscal year 2017 for its Aerospace segment. This campus is intended to support Woodward’s expected growth in its Aerospace segment over the next ten years and beyond, required as a result of Woodward being awarded a substantial number of new system platforms, particularly on narrow-body aircraft. Included in “Construction in progress” are costs of $34,207 at December 31, 2016 and $26,741 at September 30, 2016 associated with new equipment purchases for the second campus.

For the three-months ended December 31, 2016 and 2015, Woodward had depreciation expense as follows:

For the three-months ended December 31, 2016 and 2015, Woodward capitalized interest that would have otherwise been included in interest expense of the following:

Three-Months Ended

December 31,

Depreciation expense