Note 14. Intangible assets, net



	December 31, 2019						September 30, 2019
	Gross Carrying Value		Accumulated Amortization		Net Carrying Amount		Gross Carrying Value		Accumulated Amortization		Net Carrying Amount
Intangible assets with finite lives:
Customer relationships and contracts:
Aerospace	$	281,683	$	(185,626)	$	96,057	$	281,683	$	(181,995)	$	99,688
Industrial		411,436		(43,619)		367,817		407,683		(43,986)		363,697
Total	$	693,119	$	(229,245)	$	463,874	$	689,366	$	(225,981)	$	463,385

Intellectual property:
Aerospace	$	-	$	-	$	-	$	-	$	-	$	-
Industrial		15,790		(15,513)		277		19,201		(18,705)		496
Total	$	15,790	$	(15,513)	$	277	$	19,201	$	(18,705)	$	496

Process technology:
Aerospace	$	76,371	$	(60,924)	$	15,447	$	76,371	$	(59,913)	$	16,458
Industrial		87,500		(19,042)		68,458		92,820		(24,926)		67,894
Total	$	163,871	$	(79,966)	$	83,905	$	169,191	$	(84,839)	$	84,352

Backlog:
Aerospace	$	-	$	-	$	-	$	-	$	-	$	-
Industrial		41,456		(41,456)		-		40,500		(40,500)		-
Total	$	41,456	$	(41,456)	$	-	$	40,500	$	(40,500)	$	-

Other intangibles:
Aerospace	$	-	$	-	$	-	$	-	$	-	$	-
Industrial		224		(118)		106		1,541		(1,249)		292
Total	$	224	$	(118)	$	106	$	1,541	$	(1,249)	$	292

Intangible asset with indefinite life:
Tradename:
Aerospace	$	-	$	-	$	-	$	-	$	-	$	-
Industrial		64,973		-		64,973		63,467		-		63,467
Total	$	64,973	$	-	$	64,973	$	63,467	$	-	$	63,467

Total intangibles:
Aerospace	$	358,054	$	(246,550)	$	111,504	$	358,054	$	(241,908)	$	116,146
Industrial		621,379		(119,748)		501,631		625,212		(129,366)		495,846
Consolidated Total	$	979,433	$	(366,298)	$	613,135	$	983,266	$	(371,274)	$	611,992

Woodward tests the indefinite lived tradename intangible asset for impairment during the fourth quarter of each fiscal year, or at any time there is an indication the indefinite lived tradename intangible asset 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 intangible assets of the renewable power systems portfolio was not recoverable and a $392 non-cash impairment charge was recorded in the first quarter of fiscal year 2020.

For the three-months ended December 31, 2019 and 2018, Woodward recorded amortization expense associated with intangibles of the following:



	Three-Months Ended
	December 31,
	2019		2018
Amortization expense	$	9,905	$	17,472