Intangible Assets, Net

3 Months Ended

Dec. 31, 2015

Intangible Assets, Net

Intangible Assets, Net

Note 11.  Intangible assets, net

	December 31, 2015						September 30, 2015
	Gross Carrying Value		Accumulated Amortization		Net Carrying Amount		Gross Carrying Value		Accumulated Amortization		Net Carrying Amount
Customer relationships and contracts:
Aerospace	$	282,225	$	(120,712)	$	161,513	$	282,225	$	(116,232)	$	165,993
Industrial		40,858		(32,633)		8,225		41,409		(32,891)		8,518
Total	$	323,083	$	(153,345)	$	169,738	$	323,634	$	(149,123)	$	174,511
Intellectual property:
Aerospace	$	-	$	-	$	-	$	-	$	-	$	-
Industrial		19,327		(17,124)		2,203		19,445		(16,921)		2,524
Total	$	19,327	$	(17,124)	$	2,203	$	19,445	$	(16,921)	$	2,524
Process technology:
Aerospace	$	76,605	$	(38,866)	$	37,739	$	76,605	$	(37,411)	$	39,194
Industrial		22,820		(14,951)		7,869		22,924		(14,621)		8,303
Total	$	99,425	$	(53,817)	$	45,608	$	99,529	$	(52,032)	$	47,497
Other intangibles:
Aerospace	$	1,400	$	(1,350)	$	50	$	1,400	$	(1,300)	$	100
Industrial		1,213		(742)		471		1,248		(742)		506
Total	$	2,613	$	(2,092)	$	521	$	2,648	$	(2,042)	$	606
Total intangibles:
Aerospace	$	360,230	$	(160,928)	$	199,302	$	360,230	$	(154,943)	$	205,287
Industrial		84,218		(65,450)		18,768		85,026		(65,175)		19,851
Consolidated Total	$	444,448	$	(226,378)	$	218,070	$	445,256	$	(220,118)	$	225,138

For the three-months ended December 31, 2015 and December 31, 2014, Woodward recorded amortization expense associated with intangibles of the following:

	Three-Months Ended
	December 31,
	2015		2014
Amortization expense	$	6,946	$	7,575

Future amortization expense associated with intangibles is expected to be:

Year Ending September 30:
2016 (remaining)	$	20,527
2017		25,776
2018		24,953
2019		23,117
2020		20,349
Thereafter		103,348
	$	218,070