Property, Plant, and Equipment - Net

9 Months Ended

Jun. 30, 2011

Property, Plant, and Equipment - Net

Note 9. Property, plant, and equipment — net


	June 30,			September 30,
	2011			2010

Land	$	14,596		$	11,372
Buildings and improvements		179,787			171,257
Leasehold improvements		18,891			17,884
Machinery and production equipment		262,611			270,126
Computer equipment and software		62,791			57,518
Other		24,097			22,854
Construction in progress		39,265			13,125

		602,038			564,136
Less accumulated depreciation		(401,996	)		(370,612	)


Property, plant and equipment, net	$	200,042		$	193,524


	Three-Months Ending				Nine-Months Ending
	June 30,				June 30,
	2011		2010		2011		2010

Depreciation expense	$	10,955	$	9,826	$	31,279	$	29,984

During fiscal 2010, Woodward began construction of a new 48,000 square foot system test facility in Rockford, Illinois. The facility, which will house numerous environmental system test cells and a vibration lab, will support, among other development projects, Turbine Systems' development efforts of next generation fuel systems for aircraft turbines. The test facility is expected to be completed and placed into service in early fiscal year 2012. Included in construction in progress at June 30, 2011 and September 30, 2010 are $17,384 and $4,836, respectively, of costs associated with the construction of the test facility, including $805 and $165, respectively, of capitalized interest.

In addition at June 30, 2011 and September 30, 2010, Woodward recognized as construction in progress, $8,592 and $1,604, respectively, of costs associated with the development of a new Enterprise Resource Planning ("ERP") system for its Airframe Systems segment, including capitalized interest of $239 and $24, respectively.

For the three and nine-months ending June 30, 2011 and June 30, 2010, Woodward had capitalized interest that would have otherwise been included in interest expense of the following:


	Three-Months Ending				Nine-Months Ending
	June 30,				June 30,
	2011		2010		2011		2010

Capitalized interest	$	383	$	36	$	896	$	61

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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