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Intangible Assets, Net (Tables)
12 Months Ended
Sep. 30, 2023
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Schedule of Finite-lived and Indefinite-lived Intangible Assets by Major Class

 

 

September 30, 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

 

 

$

(236,143

)

 

$

45,540

 

 

$

281,683

 

 

$

(223,565

)

 

$

58,118

 

Industrial

 

 

378,804

 

 

 

(90,084

)

 

 

288,720

 

 

 

352,917

 

 

 

(66,812

)

 

 

286,105

 

Total

 

$

660,487

 

 

$

(326,227

)

 

$

334,260

 

 

$

634,600

 

 

$

(290,377

)

 

$

344,223

 

Intellectual property:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

Industrial

 

 

3,139

 

 

 

(3,139

)

 

 

 

 

 

12,361

 

 

 

(12,361

)

 

 

 

Total

 

$

3,139

 

 

$

(3,139

)

 

$

 

 

$

12,361

 

 

$

(12,361

)

 

$

 

Process technology:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

44,570

 

 

$

(39,551

)

 

$

5,019

 

 

$

76,370

 

 

$

(69,471

)

 

$

6,899

 

Industrial

 

 

83,456

 

 

 

(31,709

)

 

 

51,747

 

 

 

78,524

 

 

 

(27,464

)

 

 

51,060

 

Total

 

$

128,026

 

 

$

(71,260

)

 

$

56,766

 

 

$

154,894

 

 

$

(96,935

)

 

$

57,959

 

Other intangibles:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

Industrial

 

 

554

 

 

 

(524

)

 

 

30

 

 

 

1,560

 

 

 

 

 

 

1,560

 

Total

 

$

554

 

 

$

(524

)

 

$

30

 

 

$

1,560

 

 

$

 

 

$

1,560

 

Intangible asset with indefinite life:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade name:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

Industrial

 

 

61,307

 

 

 

 

 

 

61,307

 

 

 

56,838

 

 

 

 

 

 

56,838

 

Total

 

$

61,307

 

 

$

 

 

$

61,307

 

 

$

56,838

 

 

$

 

 

$

56,838

 

Total intangibles:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

326,253

 

 

$

(275,694

)

 

$

50,559

 

 

$

358,053

 

 

$

(293,036

)

 

$

65,017

 

Industrial

 

 

527,260

 

 

 

(125,456

)

 

 

401,804

 

 

 

502,200

 

 

 

(106,637

)

 

 

395,563

 

Consolidated Total

 

$

853,513

 

 

$

(401,150

)

 

$

452,363

 

 

$

860,253

 

 

$

(399,673

)

 

$

460,580

 

Schedule of Finite-Lived Intangible Assets Amortization Expense

Woodward recorded amortization expense associated with intangibles of the following:

 

 

Year Ended September 30,

 

 

 

2023

 

 

2022

 

 

2021

 

Amortization expense

 

$

37,589

 

 

$

37,609

 

 

$

41,893

 

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Future amortization expense associated with intangibles is expected to be:

Year Ending September 30:

 

 

 

2024

 

$

33,260

 

2025

 

 

28,011

 

2026

 

 

28,001

 

2027

 

 

27,954

 

2028

 

 

27,353

 

Thereafter

 

 

246,477

 

 

$

391,056