Intangible Assets, Net

12 Months Ended

Sep. 30, 2015

Intangible Assets, Net

Intangible Assets, Net

Note 11.  Intangible assets, net

	September 30, 2015						September 30, 2014
	Gross Carrying Value		Accumulated Amortization		Net Carrying Amount		Gross Carrying Value		Accumulated Amortization		Net Carrying Amount
Customer relationships and contracts:
Aerospace	$	282,225	$	(116,232)	$	165,993	$	282,225	$	(97,281)	$	184,944
Energy		41,409		(32,891)		8,518		41,706		(32,032)		9,674
Total	$	323,634	$	(149,123)	$	174,511	$	323,931	$	(129,313)	$	194,618
Intellectual property:
Aerospace	$	-	$	-	$	-	$	-	$	-	$	-
Energy		19,445		(16,921)		2,524		19,954		(15,938)		4,016
Total	$	19,445	$	(16,921)	$	2,524	$	19,954	$	(15,938)	$	4,016
Process technology:
Aerospace	$	76,605	$	(37,411)	$	39,194	$	76,605	$	(31,719)	$	44,886
Energy		22,924		(14,621)		8,303		23,078		(13,141)		9,937
Total	$	99,529	$	(52,032)	$	47,497	$	99,683	$	(44,860)	$	54,823
Other intangibles:
Aerospace	$	1,400	$	(1,300)	$	100	$	9,100	$	(8,465)	$	635
Energy		1,248		(742)		506		1,519		(839)		680
Total	$	2,648	$	(2,042)	$	606	$	10,619	$	(9,304)	$	1,315
Total intangibles:
Aerospace	$	360,230	$	(154,943)	$	205,287	$	367,930	$	(137,465)	$	230,465
Energy		85,026		(65,175)		19,851		86,257		(61,950)		24,307
Consolidated Total	$	445,256	$	(220,118)	$	225,138	$	454,187	$	(199,415)	$	254,772

For the fiscal years ended September 30, 2015, September 30, 2014, and September 30, 2013 Woodward recorded amortization expense associated with intangibles of the following:

	Year Ended September 30,
	2015		2014		2013
Amortization expense	$	29,241	$	33,580	$	36,979

Future amortization expense associated with intangibles is expected to be:

Year Ending September 30:
2016	$	27,507
2017		25,801
2018		24,978
2019		23,142
2020		20,359
Thereafter		103,351
	$	225,138