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Intangible Assets, Net (Tables)
12 Months Ended
Sep. 30, 2021
Intangible Assets Net Excluding Goodwill [Abstract]  
Schedule of Finite-lived and Indefinite-lived Intangible Assets by Major Class

 

 

September 30, 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

 

 

$

(210,380

)

 

$

71,303

 

 

$

281,683

 

 

$

(196,520

)

 

$

85,163

 

Industrial

 

 

404,179

 

 

 

(56,515

)

 

 

347,664

 

 

 

429,249

 

 

 

(57,045

)

 

 

372,204

 

Total

 

$

685,862

 

 

$

(266,895

)

 

$

418,967

 

 

$

710,932

 

 

$

(253,565

)

 

$

457,367

 

Intellectual property:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

Industrial

 

 

15,806

 

 

 

(15,806

)

 

 

 

 

 

15,778

 

 

 

(15,640

)

 

 

138

 

Total

 

$

15,806

 

 

$

(15,806

)

 

$

 

 

$

15,778

 

 

$

(15,640

)

 

$

138

 

Process technology:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

76,370

 

 

$

(67,177

)

 

$

9,193

 

 

$

76,371

 

 

$

(63,956

)

 

$

12,415

 

Industrial

 

 

90,008

 

 

 

(26,124

)

 

 

63,884

 

 

 

90,945

 

 

 

(22,300

)

 

 

68,645

 

Total

 

$

166,378

 

 

$

(93,301

)

 

$

73,077

 

 

$

167,316

 

 

$

(86,256

)

 

$

81,060

 

Other intangibles:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

Industrial

 

 

 

 

 

 

 

 

 

 

 

235

 

 

 

(183

)

 

 

52

 

Total

 

$

 

 

$

 

 

$

 

 

$

235

 

 

$

(183

)

 

$

52

 

Intangible asset with indefinite life:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade name:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

Industrial

 

 

67,245

 

 

 

 

 

 

67,245

 

 

 

68,094

 

 

 

 

 

 

68,094

 

Total

 

$

67,245

 

 

$

 

 

$

67,245

 

 

$

68,094

 

 

$

 

 

$

68,094

 

Total intangibles:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

358,053

 

 

$

(277,557

)

 

$

80,496

 

 

$

358,054

 

 

$

(260,476

)

 

$

97,578

 

Industrial

 

 

577,238

 

 

 

(98,445

)

 

 

478,793

 

 

 

647,738

 

 

 

(138,605

)

 

 

509,133

 

Consolidated Total

 

$

935,291

 

 

$

(376,002

)

 

$

559,289

 

 

$

1,005,792

 

 

$

(399,081

)

 

$

606,711

 

 

 

Schedule of Finite-Lived Intangible Assets Amortization Expense

For the fiscal years ended September 30, 2021, 2020, and 2019, Woodward recorded amortization expense associated with intangibles of the following:

 

 

Year Ended September 30,

 

 

 

2021

 

 

2020

 

 

2019

 

Amortization expense

 

$

41,893

 

 

$

39,458

 

 

$

56,022

 

 

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Future amortization expense associated with intangibles is expected to be:

 

Year Ending September 30:

 

 

 

 

2022

 

$

39,408

 

2023

 

 

38,354

 

2024

 

 

34,603

 

2025

 

 

29,388

 

2026

 

 

29,378

 

Thereafter

 

 

320,913

 

 

 

$

492,044