Property, Plant, and Equipment - Net

12 Months Ended

Sep. 30, 2011

Property, Plant, and Equipment - Net

Note 9. Property, plant, and equipment


	At September 30,
	2011			2010

Land	$	14,823		$	11,372
Buildings and improvements		177,637			171,257
Leasehold improvements		18,765			17,884
Machinery and production equipment		265,898			270,126
Computer equipment and software		66,149			57,518
Other		25,191			22,854
Construction in progress		44,975			13,125

		613,438			564,136
Less accumulated depreciation		(406,713	)		(370,612	)

Property, plant and equipment, net	$	206,725		$	193,524


	Year Ending September 30,
	2011		2010		2009

Depreciation expense	$	40,400	$	40,502	$	37,828

During fiscal year 2010, Woodward began construction of a new 48,000 square foot system test facility in Rockford, Illinois. The facility, which will house numerous environmental system test cells and a vibration lab, will support, among other development projects, Aerospace segment development efforts of next generation fuel systems for aircraft turbines. The test facility is expected to be completed and placed into service in early fiscal year 2012. Included in construction in progress at September 30, 2011 and September 30, 2010 are $20,090 and $4,836, respectively, of costs associated with the construction of the test facility, including $1,087 and $165, respectively, of capitalized interest.

In addition at September 30, 2011 and September 30, 2010, Woodward recognized as construction in progress, $11,827 and $1,604, respectively, of costs associated with the development of a new Enterprise Resource Planning ("ERP") system for its Airframe Systems group, including capitalized interest of $432 and $24, respectively.

For the fiscal years ending September 30, 2011, 2010 and 2009, Woodward had capitalized interest that would have otherwise been included in interest expense of the following:


	Year Ending September 30,
	2011		2010		2009

Capitalized interest	$	1,354	$	150	$	31

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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