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Property, Plant, and Equipment
6 Months Ended
Mar. 31, 2021
Property Plant And Equipment Net [Abstract]  
Property, Plant and Equipment

Note 12.  Property, plant, and equipment

 

 

 

March 31,

 

 

September 30,

 

 

 

2021

 

 

2020

 

Land and land improvements

 

$

86,131

 

 

$

83,095

 

Buildings and building improvements

 

 

551,726

 

 

 

551,540

 

Leasehold improvements

 

 

19,164

 

 

 

18,610

 

Machinery and production equipment

 

 

788,147

 

 

 

776,884

 

Computer equipment and software

 

 

123,001

 

 

 

123,903

 

Office furniture and equipment

 

 

41,249

 

 

 

41,177

 

Other

 

 

19,838

 

 

 

19,814

 

Construction in progress

 

 

27,772

 

 

 

36,367

 

 

 

 

1,657,028

 

 

 

1,651,390

 

Less accumulated depreciation

 

 

(691,823

)

 

 

(653,975

)

Property, plant, and equipment, net

 

$

965,205

 

 

$

997,415

 

 

During the three-months ended December 31, 2019, the Company closed on the sale of one of two parcels of real property at Woodward’s former Duarte operations and recorded a pre-tax gain on sale of assets of $13,522.

During the three-months ended December 31, 2019, Woodward determined that the approved plan to divest of the disposal group represented a triggering event requiring the long-lived assets attributable to the disposal group be assessed for impairment.  Given the facts and circumstances at that time, Woodward determined that the remaining value of the plant, property and equipment of the disposal group was not recoverable and a $13,421 non-cash impairment charge was recorded during fiscal year 2020.  

For the three and six-months ended March 31, 2021 and 2020, Woodward had depreciation expense as follows:

 

 

 

Three-Months Ended

 

 

Six-Months Ended

 

 

 

March 31,

 

 

March 31,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Depreciation expense

 

$

21,919

 

 

$

23,177

 

 

$

44,527

 

 

$

45,723