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

 

 

December 31, 2021

 

 

September 30, 2021

 

 

 

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

 

 

$

(213,676

)

 

$

68,007

 

 

$

281,683

 

 

$

(210,380

)

 

$

71,303

 

Industrial

 

 

395,310

 

 

 

(60,396

)

 

 

334,914

 

 

 

404,179

 

 

 

(56,515

)

 

 

347,664

 

Total

 

$

676,993

 

 

$

(274,072

)

 

$

402,921

 

 

$

685,862

 

 

$

(266,895

)

 

$

418,967

 

Intellectual property:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

Industrial

 

 

12,485

 

 

 

(12,485

)

 

 

 

 

 

15,806

 

 

 

(15,806

)

 

 

 

Total

 

$

12,485

 

 

$

(12,485

)

 

$

 

 

$

15,806

 

 

$

(15,806

)

 

$

 

Process technology:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

76,370

 

 

$

(67,752

)

 

$

8,618

 

 

$

76,370

 

 

$

(67,177

)

 

$

9,193

 

Industrial

 

 

88,295

 

 

 

(26,743

)

 

 

61,552

 

 

 

90,008

 

 

 

(26,124

)

 

 

63,884

 

Total

 

$

164,665

 

 

$

(94,495

)

 

$

70,170

 

 

$

166,378

 

 

$

(93,301

)

 

$

73,077

 

Intangible asset with indefinite life:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tradename:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

Industrial

 

 

65,691

 

 

 

 

 

 

65,691

 

 

 

67,245

 

 

 

 

 

 

67,245

 

Total

 

$

65,691

 

 

$

 

 

$

65,691

 

 

$

67,245

 

 

$

 

 

$

67,245

 

Total intangibles:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

358,053

 

 

$

(281,428

)

 

$

76,625

 

 

$

358,053

 

 

$

(277,557

)

 

$

80,496

 

Industrial

 

 

561,781

 

 

 

(99,624

)

 

 

462,157

 

 

 

577,238

 

 

 

(98,445

)

 

 

478,793

 

Consolidated Total

 

$

919,834

 

 

$

(381,052

)

 

$

538,782

 

 

$

935,291

 

 

$

(376,002

)

 

$

559,289

 

 

Schedule of Finite-Lived Intangible Assets Amortization Expense

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

 

 

 

Three-Months Ended December 31,

 

 

 

2021

 

 

2020

 

Amortization expense

 

$

9,688

 

 

$

10,469

 

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Future amortization expense associated with intangibles is expected to be:

 

Year Ending September 30:

 

 

 

 

2022 (remaining)

 

$

28,905

 

2023

 

 

37,441

 

2024

 

 

33,690

 

2025

 

 

28,475

 

2026

 

 

28,465

 

Thereafter

 

 

316,115

 

 

 

$

473,091