Intangible Assets, Net

6 Months Ended

Mar. 31, 2014

Intangible Assets, Net

Intangible Assets, Net

Note 12.  Intangible assets, net

	March 31, 2014						September 30, 2013
	Gross Carrying Value		Accumulated Amortization		Net Carrying Amount		Gross Carrying Value		Accumulated Amortization		Net Carrying Amount
Customer relationships and contracts:
Aerospace	$	282,270	$	(87,319)	$	194,951	$	282,225	$	(77,288)	$	204,937
Energy		42,111		(31,260)		10,851		42,008		(29,711)		12,297
Total	$	324,381	$	(118,579)	$	205,802	$	324,233	$	(106,999)	$	217,234
Intellectual property:
Aerospace	$	-	$	-	$	-	$	-	$	-	$	-
Energy		20,310		(15,476)		4,834		20,218		(14,722)		5,496
Total	$	20,310	$	(15,476)	$	4,834	$	20,218	$	(14,722)	$	5,496
Process technology:
Aerospace	$	76,740	$	(29,039)	$	47,701	$	76,718	$	(26,129)	$	50,589
Energy		23,609		(12,551)		11,058		23,458		(11,699)		11,759
Total	$	100,349	$	(41,590)	$	58,759	$	100,176	$	(37,828)	$	62,348
Other intangibles:
Aerospace	$	47,364	$	(45,680)	$	1,684	$	47,351	$	(44,572)	$	2,779
Energy		2,665		(1,857)		808		2,631		(1,713)		918
Total	$	50,029	$	(47,537)	$	2,492	$	49,982	$	(46,285)	$	3,697
Total intangibles:
Aerospace	$	406,374	$	(162,038)	$	244,336	$	406,294	$	(147,989)	$	258,305
Energy		88,695		(61,144)		27,551		88,315		(57,845)		30,470
Consolidated Total	$	495,069	$	(223,182)	$	271,887	$	494,609	$	(205,834)	$	288,775

For the three and six-months ended March 31, 2014 and March 31, 2013, Woodward recorded amortization expense of the following:

	Three-Months Ended				Six-Months Ended
	March 31,				March 31,
	2014		2013		2014		2013
Amortization expense	$	8,657	$	9,813	$	17,141	$	17,480

Future amortization expense associated with intangibles is expected to be:

Year Ending September 30:
2014 (remaining)	$	16,451
2015		29,451
2016		27,747
2017		25,975
2018		25,146
Thereafter		147,117
	$	271,887