Intangible Assets, Net

3 Months Ended

Dec. 31, 2016

Intangible Assets, Net

Intangible Assets, Net

Note 11.  Intangible assets, net

	December 31, 2016						September 30, 2016
	Gross Carrying Value		Accumulated Amortization		Net Carrying Amount		Gross Carrying Value		Accumulated Amortization		Net Carrying Amount
Customer relationships and contracts:
Aerospace	$	282,225	$	(138,408)	$	143,817	$	282,225	$	(134,158)	$	148,067
Industrial		40,693		(33,530)		7,163		40,969		(33,509)		7,460
Total	$	322,918	$	(171,938)	$	150,980	$	323,194	$	(167,667)	$	155,527
Intellectual property:
Aerospace	$	-	$	-	$	-	$	-	$	-	$	-
Industrial		19,156		(17,734)		1,422		19,435		(17,876)		1,559
Total	$	19,156	$	(17,734)	$	1,422	$	19,435	$	(17,876)	$	1,559
Process technology:
Aerospace	$	76,605	$	(44,703)	$	31,902	$	76,605	$	(43,229)	$	33,376
Industrial		22,596		(16,344)		6,252		22,965		(16,200)		6,765
Total	$	99,201	$	(61,047)	$	38,154	$	99,570	$	(59,429)	$	40,141
Other intangibles:
Aerospace	$	-	$	-	$	-	$	-	$	-	$	-
Industrial		1,168		(791)		377		1,246		(823)		423
Total	$	1,168	$	(791)	$	377	$	1,246	$	(823)	$	423
Total intangibles:
Aerospace	$	358,830	$	(183,111)	$	175,719	$	358,830	$	(177,387)	$	181,443
Industrial		83,613		(68,399)		15,214		84,615		(68,408)		16,207
Consolidated Total	$	442,443	$	(251,510)	$	190,933	$	443,445	$	(245,795)	$	197,650

For the three-months ended December 31, 2016 and 2015, Woodward recorded amortization expense associated with intangibles of the following:

	Three-Months Ended
	December 31,
	2016		2015
Amortization expense	$	6,458	$	6,946

Future amortization expense associated with intangibles is expected to be:

Year Ending September 30:
2017 (remaining)	$	19,279
2018		24,907
2019		23,071
2020		20,332
2021		18,393
Thereafter		84,951
	$	190,933