Intangible Assets, Net

3 Months Ended

Dec. 31, 2022

Intangible Assets Net Excluding Goodwill [Abstract]

Intangible Assets, Net

Note 14. Intangible assets, net

	December 31, 2022							September 30, 2022
	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	$	(226,714	)	$	54,969	$	281,683	$	(223,565	)	$	58,118
Industrial		383,398		(76,567	)		306,831		352,917		(66,812	)		286,105
Total	$	665,081	$	(303,281	)	$	361,800	$	634,600	$	(290,377	)	$	344,223
Intellectual property:
Aerospace	$	—	$	—		$	—	$	—	$	—		$	—
Industrial		12,413		(12,413	)		—		12,361		(12,361	)		—
Total	$	12,413	$	(12,413	)	$	—	$	12,361	$	(12,361	)	$	—
Process technology:
Aerospace	$	76,370	$	(69,940	)	$	6,430	$	76,370	$	(69,471	)	$	6,899
Industrial		84,310		(29,432	)		54,878		78,524		(27,464	)		51,060
Total	$	160,680	$	(99,372	)	$	61,308	$	154,894	$	(96,935	)	$	57,959
Other intangibles:
Aerospace	$	—	$	—		$	—	$	—	$	—		$	—
Industrial		566		(111	)		455		1,560		—			1,560
Total	$	566	$	(111	)	$	455	$	1,560	$	—		$	1,560
Intangible asset with indefinite life:
Tradename:
Aerospace	$	—	$	—		$	—	$	—	$	—		$	—
Industrial		62,081		—			62,081		56,838		—			56,838
Total	$	62,081	$	—		$	62,081	$	56,838	$	—		$	56,838
Total intangibles:
Aerospace	$	358,053	$	(296,654	)	$	61,399	$	358,053	$	(293,036	)	$	65,017
Industrial		542,768		(118,523	)		424,245		502,200		(106,637	)		395,563
Consolidated Total	$	900,821	$	(415,177	)	$	485,644	$	860,253	$	(399,673	)	$	460,580

Woodward tests the indefinite lived tradename intangible asset for impairment during the fourth quarter of each fiscal year and at any time there is an indication the indefinite lived tradename intangible asset is more-likely-than-not impaired (commonly referred to as a triggering event). Woodward’s impairment test for the indefinite lived tradename intangible asset in the fourth quarter of fiscal year 2022 resulted in no impairment.

For the three-months ended December 31, 2022 and 2021, Woodward recorded amortization expense associated with intangibles of the following:

	Three-Months Ended December 31,
	2022		2021
Amortization expense	$	9,178	$	9,688

Future amortization expense associated with intangibles is expected to be:

Year Ending September 30:
2023 (remaining)	$	27,403
2024		33,012
2025		27,896
2026		27,837
2027		27,765
Thereafter		279,650
	$	423,563