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Intangible Assets, Net (Tables)
6 Months Ended
Mar. 31, 2023
Intangible Assets Net Excluding Goodwill [Abstract]  
Schedule of Finite-lived and Indefinite-lived Intangible Assets by Major Class

 

 

March 31, 2023

 

 

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

 

 

$

(229,858

)

 

$

51,825

 

 

$

281,683

 

 

$

(223,565

)

 

$

58,118

 

Industrial

 

 

390,123

 

 

 

(82,639

)

 

 

307,484

 

 

 

352,917

 

 

 

(66,812

)

 

 

286,105

 

Total

 

$

671,806

 

 

$

(312,497

)

 

$

359,309

 

 

$

634,600

 

 

$

(290,377

)

 

$

344,223

 

Intellectual property:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

Industrial

 

 

12,428

 

 

 

(12,428

)

 

 

 

 

 

12,361

 

 

 

(12,361

)

 

 

 

Total

 

$

12,428

 

 

$

(12,428

)

 

$

 

 

$

12,361

 

 

$

(12,361

)

 

$

 

Process technology:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

76,370

 

 

$

(70,410

)

 

$

5,960

 

 

$

76,370

 

 

$

(69,471

)

 

$

6,899

 

Industrial

 

 

85,596

 

 

 

(30,543

)

 

 

55,053

 

 

 

78,524

 

 

 

(27,464

)

 

 

51,060

 

Total

 

$

161,966

 

 

$

(100,953

)

 

$

61,013

 

 

$

154,894

 

 

$

(96,935

)

 

$

57,959

 

Other intangibles:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

Industrial

 

 

571

 

 

 

(255

)

 

 

316

 

 

 

1,560

 

 

 

 

 

 

1,560

 

Total

 

$

571

 

 

$

(255

)

 

$

316

 

 

$

1,560

 

 

$

 

 

$

1,560

 

Intangible asset with indefinite life:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tradename:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

Industrial

 

 

63,246

 

 

 

 

 

 

63,246

 

 

 

56,838

 

 

 

 

 

 

56,838

 

Total

 

$

63,246

 

 

$

 

 

$

63,246

 

 

$

56,838

 

 

$

 

 

$

56,838

 

Total intangibles:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

358,053

 

 

$

(300,268

)

 

$

57,785

 

 

$

358,053

 

 

$

(293,036

)

 

$

65,017

 

Industrial

 

 

551,964

 

 

 

(125,865

)

 

 

426,099

 

 

 

502,200

 

 

 

(106,637

)

 

 

395,563

 

Consolidated Total

 

$

910,017

 

 

$

(426,133

)

 

$

483,884

 

 

$

860,253

 

 

$

(399,673

)

 

$

460,580

 

Schedule of Finite-Lived Intangible Assets Amortization Expense

For the three and six-months ended March 31, 2023 and 2022, Woodward recorded amortization expense associated with intangibles of the following:

 

 

Three-Months Ended March 31,

 

 

Six-Months Ended March 31,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Amortization expense

 

$

9,418

 

 

$

9,587

 

 

$

18,596

 

 

$

19,275

 

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)

 

$

19,075

 

2024

 

 

33,282

 

2025

 

 

28,132

 

2026

 

 

28,073

 

2027

 

 

28,020

 

Thereafter

 

 

284,056

 

 

$

420,638