Intangible Assets, Net

9 Months Ended

Jun. 30, 2024

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Intangible Assets, Net

Note 13. Intangible assets, net

	June 30, 2024							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	$	(243,833	)	$	37,850	$	281,683	$	(236,143	)	$	45,540
Industrial		383,518		(105,532	)		277,986		378,804		(90,084	)		288,720
Total	$	665,201	$	(349,365	)	$	315,836	$	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	$	(40,185	)	$	4,385	$	44,570	$	(39,551	)	$	5,019
Industrial		84,354		(34,343	)		50,011		83,456		(31,709	)		51,747
Total	$	128,924	$	(74,528	)	$	54,396	$	128,026	$	(71,260	)	$	56,766
Other intangibles:
Aerospace	$	—	$	—		$	—	$	—	$	—		$	—
Industrial		559		(559	)		—		554		(524	)		30
Total	$	559	$	(559	)	$	—	$	554	$	(524	)	$	30
Intangible asset with indefinite life:
Trade name:
Aerospace	$	—	$	—		$	—	$	—	$	—		$	—
Industrial		62,120		—			62,120		61,307		—			61,307
Total	$	62,120	$	—		$	62,120	$	61,307	$	—		$	61,307
Total intangibles:
Aerospace	$	326,253	$	(284,018	)	$	42,235	$	326,253	$	(275,694	)	$	50,559
Industrial		533,690		(143,573	)		390,117		527,260		(125,456	)		401,804
Consolidated Total	$	859,943	$	(427,591	)	$	432,352	$	853,513	$	(401,150	)	$	452,363

Woodward tests the indefinite lived trade name intangible asset for impairment during the fourth quarter of each fiscal year and at any time there is an indication the indefinite lived trade name intangible asset is more-likely-than-not impaired (commonly referred to as a triggering event). Woodward’s impairment test for the indefinite lived trade name intangible asset in the fourth quarter of fiscal year 2023 resulted in no impairment.

Woodward recorded amortization expense associated with intangibles of the following:

	Three Months Ended June 30,				Nine Months Ended June 30,
	2024		2023		2024		2023
Amortization expense	$	8,131	$	9,493	$	25,348	$	28,089

Future amortization expense associated with intangibles is expected to be:

Year Ending September 30:
2024 (remaining)	$	8,505
2025		28,264
2026		28,254
2027		28,205
2028		27,607
Thereafter		249,397
	$	370,232