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Intangible Assets, Net (Tables)
3 Months Ended
Dec. 31, 2022
Intangible Assets Net Excluding Goodwill [Abstract]  
Schedule of Finite-lived and Indefinite-lived Intangible Assets by Major Class

 

 

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

 

Schedule of Finite-Lived Intangible Assets Amortization Expense

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

 

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

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