Property, Plant, and Equipment, Net

3 Months Ended

Dec. 31, 2017

Note 10. Property, plant, and equipment



	December 31,		September 30,
	2017		2017
Land and land improvements	$	88,536	$	88,326
Buildings and building improvements		515,338		514,453
Leasehold improvements		16,425		16,142
Machinery and production equipment		560,264		543,641
Computer equipment and software		125,628		124,723
Office furniture and equipment		24,455		24,308
Other		19,423		19,393
Construction in progress		117,085		111,910
		1,467,154		1,442,896
Less accumulated depreciation		(536,996)		(520,853)
Property, plant, and equipment, net	$	930,158	$	922,043

Included in “Office furniture and equipment” and “Other” is $1,653 at each of December 31, 2017 and September 30, 2017, of gross assets acquired on capital leases, and accumulated depreciation included $844 at December 31, 2017 and $739 at September 30, 2017 of amortization associated with the capital lease assets.

In fiscal year 2015, Woodward completed and placed into service a manufacturing and office building on a second campus in the greater-Rockford, Illinois area and has occupied the new facility for its Aerospace segment. This campus is intended to support Woodward’s expected growth in its Aerospace segment over the next ten years and beyond, required as a result of Woodward being awarded a substantial number of new system platforms, particularly on narrow-body aircraft. Included in “Construction in progress” are costs of $48,971 at December 31, 2017 and $49,347 at September 30, 2017 associated with new equipment purchases for the second campus.

For the three-months ended December 31, 2017 and 2016, Woodward had depreciation expense as follows:

For the three-months ended December 31, 2017 and 2016, Woodward capitalized interest that would have otherwise been included in interest expense of the following:

Three-Months Ended

December 31,

Depreciation expense