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Intangible Assets, Net
9 Months Ended
Jun. 30, 2025
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Intangible Assets, Net

Note 14. Intangible assets, net

 

 

June 30, 2025

 

 

September 30, 2024

 

 

 

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

 

 

$

(249,870

)

 

$

31,813

 

 

$

281,683

 

 

$

(246,152

)

 

$

35,531

 

Industrial

 

 

401,404

 

 

 

(120,662

)

 

 

280,742

 

 

 

399,030

 

 

 

(114,391

)

 

 

284,639

 

Total

 

$

683,087

 

 

$

(370,532

)

 

$

312,555

 

 

$

680,713

 

 

$

(360,543

)

 

$

320,170

 

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

 

 

$

(40,816

)

 

$

3,754

 

 

$

44,570

 

 

$

(40,346

)

 

$

4,224

 

Industrial

 

 

87,549

 

 

 

(36,728

)

 

 

50,821

 

 

 

87,257

 

 

 

(35,983

)

 

 

51,274

 

Total

 

$

132,119

 

 

$

(77,544

)

 

$

54,575

 

 

$

131,827

 

 

$

(76,329

)

 

$

55,498

 

Other intangibles:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

Industrial

 

 

594

 

 

 

(594

)

 

 

 

 

 

592

 

 

 

(592

)

 

 

 

Total

 

$

594

 

 

$

(594

)

 

$

 

 

$

592

 

 

$

(592

)

 

$

 

Intangible asset with indefinite life:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade name:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

Industrial

 

 

67,927

 

 

 

 

 

 

67,927

 

 

 

64,751

 

 

 

 

 

 

64,751

 

Total

 

$

67,927

 

 

$

 

 

$

67,927

 

 

$

64,751

 

 

$

 

 

$

64,751

 

Total intangibles:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

326,253

 

 

$

(290,686

)

 

$

35,567

 

 

$

326,253

 

 

$

(286,498

)

 

$

39,755

 

Industrial

 

 

560,613

 

 

 

(161,123

)

 

 

399,490

 

 

 

554,769

 

 

 

(154,105

)

 

 

400,664

 

Consolidated Total

 

$

886,866

 

 

$

(451,809

)

 

$

435,057

 

 

$

881,022

 

 

$

(440,603

)

 

$

440,419

 

Woodward recorded amortization expense associated with intangibles of the following:

 

 

Three Months Ended June 30,

 

 

Nine Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Amortization expense

 

$

7,172

 

 

$

8,131

 

 

$

20,858

 

 

$

25,348

 

Future amortization expense associated with intangibles is expected to be:

Year Ending September 30:

 

 

 

2025 (remaining)

 

$

7,761

 

2026

 

 

27,699

 

2027

 

 

27,638

 

2028

 

 

27,263

 

2029

 

 

26,357

 

Thereafter

 

 

250,412

 

 

$

367,130