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

 

 

December 31, 2023

 

 

September 30, 2023

 

 

 

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

 

 

$

(238,825

)

 

$

42,858

 

 

$

281,683

 

 

$

(236,143

)

 

$

45,540

 

Industrial

 

 

394,516

 

 

 

(98,353

)

 

 

296,163

 

 

 

378,804

 

 

 

(90,084

)

 

 

288,720

 

Total

 

$

676,199

 

 

$

(337,178

)

 

$

339,021

 

 

$

660,487

 

 

$

(326,227

)

 

$

334,260

 

Intellectual property:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

Industrial

 

 

3,139

 

 

 

(3,139

)

 

 

 

 

 

3,139

 

 

 

(3,139

)

 

 

 

Total

 

$

3,139

 

 

$

(3,139

)

 

$

 

 

$

3,139

 

 

$

(3,139

)

 

$

 

Process technology:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

44,570

 

 

$

(39,788

)

 

$

4,782

 

 

$

44,570

 

 

$

(39,551

)

 

$

5,019

 

Industrial

 

 

86,436

 

 

 

(33,261

)

 

 

53,175

 

 

 

83,456

 

 

 

(31,709

)

 

 

51,747

 

Total

 

$

131,006

 

 

$

(73,049

)

 

$

57,957

 

 

$

128,026

 

 

$

(71,260

)

 

$

56,766

 

Other intangibles:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

Industrial

 

 

574

 

 

 

(574

)

 

 

 

 

 

554

 

 

 

(524

)

 

 

30

 

Total

 

$

574

 

 

$

(574

)

 

$

 

 

$

554

 

 

$

(524

)

 

$

30

 

Intangible asset with indefinite life:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade name:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

Industrial

 

 

64,008

 

 

 

 

 

 

64,008

 

 

 

61,307

 

 

 

 

 

 

61,307

 

Total

 

$

64,008

 

 

$

 

 

$

64,008

 

 

$

61,307

 

 

$

 

 

$

61,307

 

Total intangibles:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

326,253

 

 

$

(278,613

)

 

$

47,640

 

 

$

326,253

 

 

$

(275,694

)

 

$

50,559

 

Industrial

 

 

548,673

 

 

 

(135,327

)

 

 

413,346

 

 

 

527,260

 

 

 

(125,456

)

 

 

401,804

 

Consolidated Total

 

$

874,926

 

 

$

(413,940

)

 

$

460,986

 

 

$

853,513

 

 

$

(401,150

)

 

$

452,363

 

Schedule of Finite-Lived Intangible Assets Amortization Expense

Woodward recorded amortization expense associated with intangibles of the following:

 

 

Three Months Ended December 31,

 

 

 

2023

 

 

2022

 

Amortization expense

 

$

8,599

 

 

$

9,178

 

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Future amortization expense associated with intangibles is expected to be:

Year Ending September 30:

 

 

 

2024 (remaining)

 

$

24,862

 

2025

 

 

28,195

 

2026

 

 

28,185

 

2027

 

 

28,137

 

2028

 

 

27,536

 

Thereafter

 

 

260,063

 

 

$

396,978