Intangible Assets, Net

12 Months Ended

Sep. 30, 2017

Intangible Assets, Net

Intangible Assets, Net

Note 11.  Intangible assets, net

	September 30, 2017						September 30, 2016
	Gross Carrying Value		Accumulated Amortization		Net Carrying Amount		Gross Carrying Value		Accumulated Amortization		Net Carrying Amount
Customer relationships and contracts:
Aerospace	$	282,225	$	(151,155)	$	131,070	$	282,225	$	(134,158)	$	148,067
Industrial		40,962		(34,407)		6,555		40,969		(33,509)		7,460
Total	$	323,187	$	(185,562)	$	137,625	$	323,194	$	(167,667)	$	155,527
Intellectual property:
Aerospace	$	-	$	-	$	-	$	-	$	-	$	-
Industrial		19,422		(18,196)		1,226		19,435		(17,876)		1,559
Total	$	19,422	$	(18,196)	$	1,226	$	19,435	$	(17,876)	$	1,559
Process technology:
Aerospace	$	76,605	$	(49,124)	$	27,481	$	76,605	$	(43,229)	$	33,376
Industrial		22,950		(17,756)		5,194		22,965		(16,200)		6,765
Total	$	99,555	$	(66,880)	$	32,675	$	99,570	$	(59,429)	$	40,141
Other intangibles:
Aerospace	$	-	$	-	$	-	$	-	$	-	$	-
Industrial		1,312		(956)		356		1,246		(823)		423
Total	$	1,312	$	(956)	$	356	$	1,246	$	(823)	$	423
Total intangibles:
Aerospace	$	358,830	$	(200,279)	$	158,551	$	358,830	$	(177,387)	$	181,443
Industrial		84,646		(71,315)		13,331		84,615		(68,408)		16,207
Consolidated Total	$	443,476	$	(271,594)	$	171,882	$	443,445	$	(245,795)	$	197,650

For the fiscal years ended September 30, 2017, 2016, and 2015, Woodward recorded amortization expense associated with intangibles of the following:

	Year Ended September 30,
	2017		2016		2015
Amortization expense	$	25,777	$	27,486	$	29,241

Future amortization expense associated with intangibles is expected to be:

Year Ending September 30:
2018	$	24,995
2019		23,159
2020		20,372
2021		18,404
2022		16,249
Thereafter		68,703
	$	171,882