Intangible Assets, Net

9 Months Ended

Jun. 30, 2023

Intangible Assets Net Excluding Goodwill [Abstract]

Intangible Assets, Net

Note 14. Intangible assets, net

	June 30, 2023							September 30, 2022
	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	$	(233,002	)	$	48,681	$	281,683	$	(223,565	)	$	58,118
Industrial		388,771		(87,293	)		301,478		352,917		(66,812	)		286,105
Total	$	670,454	$	(320,295	)	$	350,159	$	634,600	$	(290,377	)	$	344,223
Intellectual property:
Aerospace	$	—	$	—		$	—	$	—	$	—		$	—
Industrial		11,794		(11,794	)		—		12,361		(12,361	)		—
Total	$	11,794	$	(11,794	)	$	—	$	12,361	$	(12,361	)	$	—
Process technology:
Aerospace	$	76,370	$	(70,880	)	$	5,490	$	76,370	$	(69,471	)	$	6,899
Industrial		85,370		(31,335	)		54,035		78,524		(27,464	)		51,060
Total	$	161,740	$	(102,215	)	$	59,525	$	154,894	$	(96,935	)	$	57,959
Other intangibles:
Aerospace	$	—	$	—		$	—	$	—	$	—		$	—
Industrial		561		(392	)		169		1,560		—			1,560
Total	$	561	$	(392	)	$	169	$	1,560	$	—		$	1,560
Intangible asset with indefinite life:
Trade name:
Aerospace	$	—	$	—		$	—	$	—	$	—		$	—
Industrial		63,041		—			63,041		56,838		—			56,838
Total	$	63,041	$	—		$	63,041	$	56,838	$	—		$	56,838
Total intangibles:
Aerospace	$	358,053	$	(303,882	)	$	54,171	$	358,053	$	(293,036	)	$	65,017
Industrial		549,537		(130,814	)		418,723		502,200		(106,637	)		395,563
Consolidated Total	$	907,590	$	(434,696	)	$	472,894	$	860,253	$	(399,673	)	$	460,580

Woodward tests the indefinite lived trade name intangible asset for impairment during the fourth quarter of each fiscal year and at any time there is an indication the indefinite lived trade name intangible asset is more-likely-than-not impaired (commonly referred to as a triggering event). Woodward’s impairment test for the indefinite lived trade name intangible asset in the fourth quarter of fiscal year 2022 resulted in no impairment.

Woodward recorded amortization expense associated with intangibles of the following:

	Three Months Ended June 30,				Nine Months Ended June 30,
	2023		2022		2023		2022
Amortization expense	$	9,493	$	9,309	$	28,089	$	28,584

Future amortization expense associated with intangibles is expected to be:

Year Ending September 30:
2023 (remaining)	$	10,019
2024		32,919
2025		27,806
2026		27,745
2027		27,670
Thereafter		283,694
	$	409,853