Goodwill

9 Months Ended

Jun. 30, 2019

Goodwill [Abstract]

Goodwill

Note 12. Goodwill

	September 30, 2018		Effects of Foreign Currency Translation		June 30, 2019
Aerospace	$	455,423	$	-	$	455,423
Industrial		357,827		(5,382)		352,445
Consolidated	$	813,250	$	(5,382)	$	807,868

On June 1, 2018, Woodward completed the acquisition of L’Orange (see Note 5, Business acquisition), which resulted in the recognition of $257,447 in goodwill in the Company’s Industrial segment.

Woodward tests goodwill for impairment during the fourth quarter of each fiscal year, or at any time there is an indication goodwill is more-likely-than-not impaired, commonly referred to as triggering events. Woodward’s fourth quarter of fiscal year 2018 impairment test resulted in no impairment, and there were no triggering events in the first or second quarters of fiscal year 2019.

As discussed at Note 21, Commitments and contingencies, on April 9, 2019, German wind turbine manufacturer, Senvion GmbH (“Senvion”), a significant customer of Woodward’s renewables business, announced that it filed for self-administration insolvency proceedings. In conjunction with this, during the three-months ended June 30, 2019, Woodward determined that this action by Senvion represented a triggering event requiring an interim goodwill impairment test of its renewable power systems reporting unit. Based on the results of this interim impairment test, Woodward determined the renewable power systems reporting unit’s goodwill was not impaired as of June 30, 2019.