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Intangible Assets, Net (Tables)
6 Months Ended
Mar. 31, 2021
Intangible Assets Net Excluding Goodwill [Abstract]  
Schedule of Finite-lived and Indefinite-lived Intangible Assets by Major Class

 

 

March 31, 2021

 

 

September 30, 2020

 

 

 

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

 

 

$

(203,451

)

 

$

78,232

 

 

$

281,683

 

 

$

(196,520

)

 

$

85,163

 

Industrial

 

 

408,252

 

 

 

(46,887

)

 

 

361,365

 

 

 

429,249

 

 

 

(57,045

)

 

 

372,204

 

Total

 

$

689,935

 

 

$

(250,338

)

 

$

439,597

 

 

$

710,932

 

 

$

(253,565

)

 

$

457,367

 

Intellectual property:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

Industrial

 

 

15,821

 

 

 

(15,775

)

 

 

46

 

 

 

15,778

 

 

 

(15,640

)

 

 

138

 

Total

 

$

15,821

 

 

$

(15,775

)

 

$

46

 

 

$

15,778

 

 

$

(15,640

)

 

$

138

 

Process technology:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

76,370

 

 

$

(65,565

)

 

$

10,805

 

 

$

76,371

 

 

$

(63,956

)

 

$

12,415

 

Industrial

 

 

90,796

 

 

 

(24,266

)

 

 

66,530

 

 

 

90,945

 

 

 

(22,300

)

 

 

68,645

 

Total

 

$

167,166

 

 

$

(89,831

)

 

$

77,335

 

 

$

167,316

 

 

$

(86,256

)

 

$

81,060

 

Other intangibles:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

Industrial

 

 

233

 

 

 

(221

)

 

 

12

 

 

 

235

 

 

 

(183

)

 

 

52

 

Total

 

$

233

 

 

$

(221

)

 

$

12

 

 

$

235

 

 

$

(183

)

 

$

52

 

Intangible asset with indefinite life:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tradename:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

Industrial

 

 

67,958

 

 

 

 

 

 

67,958

 

 

 

68,094

 

 

 

 

 

 

68,094

 

Total

 

$

67,958

 

 

$

 

 

$

67,958

 

 

$

68,094

 

 

$

 

 

$

68,094

 

Total intangibles:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

358,053

 

 

$

(269,016

)

 

$

89,037

 

 

$

358,054

 

 

$

(260,476

)

 

$

97,578

 

Industrial

 

 

583,060

 

 

 

(87,149

)

 

 

495,911

 

 

 

647,738

 

 

 

(138,605

)

 

 

509,133

 

Consolidated Total

 

$

941,113

 

 

$

(356,165

)

 

$

584,948

 

 

$

1,005,792

 

 

$

(399,081

)

 

$

606,711

 

 

Schedule of Finite-Lived Intangible Assets Amortization Expense

For the three and six-months ended March 31, 2021 and 2020, Woodward recorded amortization expense associated with intangibles of the following:

 

 

 

Three-Months Ended

 

 

Six-Months Ended

 

 

 

March 31,

 

 

March 31,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Amortization expense

 

$

10,560

 

 

$

9,848

 

 

$

21,029

 

 

$

19,753

 

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Future amortization expense associated with intangibles is expected to be:

 

Year Ending September 30:

 

 

 

 

2021 (remaining)

 

$

20,668

 

2022

 

 

39,954

 

2023

 

 

38,903

 

2024

 

 

35,151

 

2025

 

 

29,937

 

Thereafter

 

 

352,377

 

 

 

$

516,990