Intangible Assets, Net

9 Months Ended

Jun. 30, 2019

Intangible Assets, Net

Intangible Assets, Net

Note 13. Intangible assets, net

	June 30, 2019						September 30, 2018
	Gross Carrying Value		Accumulated Amortization		Net Carrying Amount		Gross Carrying Value		Accumulated Amortization		Net Carrying Amount
Intangible assets with finite lives:
Customer relationships and contracts:
Aerospace	$	281,683	$	(178,177)	$	103,506	$	281,683	$	(166,719)	$	114,964
Industrial		421,876		(40,138)		381,738		429,880		(35,856)		394,024
Total	$	703,559	$	(218,315)	$	485,244	$	711,563	$	(202,575)	$	508,988
Intellectual property:
Aerospace	$	-	$	-	$	-	$	-	$	-	$	-
Industrial		19,354		(18,763)		591		19,448		(18,587)		861
Total	$	19,354	$	(18,763)	$	591	$	19,448	$	(18,587)	$	861
Process technology:
Aerospace	$	76,371	$	(58,654)	$	17,717	$	76,372	$	(54,874)	$	21,498
Industrial		95,645		(23,990)		71,655		97,154		(20,373)		76,781
Total	$	172,016	$	(82,644)	$	89,372	$	173,526	$	(75,247)	$	98,279
Backlog:
Aerospace	$	-	$	-	$	-	$	-	$	-	$	-
Industrial		42,066		(42,066)		-		42,955		(18,006)		24,949
Total	$	42,066	$	(42,066)	$	-	$	42,955	$	(18,006)	$	24,949
Other intangibles:
Aerospace	$	-	$	-	$	-	$	-	$	-	$	-
Industrial		1,598		(1,257)		341		1,629		(1,158)		471
Total	$	1,598	$	(1,257)	$	341	$	1,629	$	(1,158)	$	471
Intangible asset with indefinite life:
Tradename:
Aerospace	$	-	$	-	$	-	$	-	$	-	$	-
Industrial		65,933		-		65,933		67,335		-		67,335
Total	$	65,933	$	-	$	65,933	$	67,335	$	-	$	67,335
Total intangibles:
Aerospace	$	358,054	$	(236,831)	$	121,223	$	358,055	$	(221,593)	$	136,462
Industrial		646,472		(126,214)		520,258		658,401		(93,980)		564,421
Consolidated Total	$	1,004,526	$	(363,045)	$	641,481	$	1,016,456	$	(315,573)	$	700,883

For the three and nine-months ended June 30, 2019 and 2018, Woodward recorded amortization expense associated with intangibles of the following:

	Three-Months Ended				Nine-Months Ended
	June 30,				June 30,
	2019		2018		2019		2018
Amortization expense	$	11,305	$	11,360	$	45,470	$	23,861

Future amortization expense associated with intangibles is expected to be:

Year Ending September 30:
2019 (remaining)	$	10,689
2020		39,917
2021		40,903
2022		38,700
2023		37,642
Thereafter		407,697
	$	575,548