Goodwill

3 Months Ended

Dec. 31, 2019

Goodwill [Abstract]

Goodwill

Note 13. Goodwill

	September 30, 2019		Impairment Charges		Effects of Foreign Currency Translation		December 31, 2019
Aerospace	$	455,423	$	-	$	-	$	455,423
Industrial		342,430		(8,777)		6,705		340,358
Consolidated	$	797,853	$	(8,777)	$	6,705	$	795,781

Woodward tests goodwill for impairment during the fourth quarter of each fiscal year, and 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 2019 impairment test resulted in no impairment. In the first quarter of fiscal year 2020, Woodward determined that the approved plan to divest of the renewable power systems portfolio (see Note 10, Impairment of assets held for sale) represented a triggering event requiring the long-lived assets attributable to the renewable power systems portfolio be assessed for impairment. Given the current facts and circumstances, Woodward determined that the remaining value of the goodwill of the renewable power systems portfolio was not recoverable and an $8,777 non-cash impairment charge was recorded in the first quarter of fiscal year 2020.