Intangible Assets, Net

9 Months Ended

Jun. 30, 2014

Intangible Assets, Net

Intangible Assets, Net

Note 12.  Intangible assets, net

	June 30, 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	$	281,683	$	(91,729)	$	189,954	$	282,225	$	(77,288)	$	204,937
Energy		42,077		(31,866)		10,211		42,008		(29,711)		12,297
Total	$	323,760	$	(123,595)	$	200,165	$	324,233	$	(106,999)	$	217,234
Intellectual property:
Aerospace	$	-	$	-	$	-	$	-	$	-	$	-
Energy		20,296		(15,821)		4,475		20,218		(14,722)		5,496
Total	$	20,296	$	(15,821)	$	4,475	$	20,218	$	(14,722)	$	5,496
Process technology:
Aerospace	$	76,372	$	(30,077)	$	46,295	$	76,718	$	(26,129)	$	50,589
Energy		23,571		(12,939)		10,632		23,458		(11,699)		11,759
Total	$	99,943	$	(43,016)	$	56,927	$	100,176	$	(37,828)	$	62,348
Other intangibles:
Aerospace	$	47,364	$	(46,205)	$	1,159	$	47,351	$	(44,572)	$	2,779
Energy		2,654		(1,890)		764		2,631		(1,713)		918
Total	$	50,018	$	(48,095)	$	1,923	$	49,982	$	(46,285)	$	3,697
Total intangibles:
Aerospace	$	405,419	$	(168,011)	$	237,408	$	406,294	$	(147,989)	$	258,305
Energy		88,598		(62,516)		26,082		88,315		(57,845)		30,470
Consolidated Total	$	494,017	$	(230,527)	$	263,490	$	494,609	$	(205,834)	$	288,775

For the three and nine-months ended June 30, 2014 and June 30, 2013, Woodward recorded amortization expense of the following:

	Three-Months Ended				Nine-Months Ended
	June 30,				June 30,
	2014		2013		2014		2013
Amortization expense	$	8,357	$	9,769	$	25,498	$	27,249

Future amortization expense associated with intangibles is expected to be:

Year Ending September 30:
2014 (remaining)	$	8,096
2015		29,442
2016		27,737
2017		25,968
2018		25,139
Thereafter		147,108
	$	263,490