Property, Plant, and Equipment, Net

6 Months Ended

Mar. 31, 2012

Note 9. Property, plant, and equipment, net


	March 31, 2012			September 30, 2011
Land	$	14,553		$	14,823
Buildings and improvements		192,736			177,637
Leasehold improvements		20,424			18,765
Machinery and production equipment		267,334			265,898
Computer equipment and software		82,315			66,149
Other		24,525			25,191
Construction in progress		33,847			44,975

		635,734			613,438
Less accumulated depreciation		(421,237	)		(406,713	)

Property, plant and equipment, net	$	214,497		$	206,725


	Three-Months Ending March 31,				Six-Months Ending March 31,
	2012		2011		2012		2011
Depreciation expense	$	9,513	$	9,970	$	19,682	$	20,324

During fiscal year 2010, Woodward began construction of a new forty-eight thousand square foot system test facility in Rockford, Illinois. In the first half of fiscal year 2012, Woodward placed into service assets totaling $16,738 associated with the new system test facility, the majority of which is included in "Buildings and improvements." As of March 31, 2012, $5,247 of assets related to the system test facility remained as construction in progress and are expected to be placed into service by the end of fiscal year 2012. The facility, which houses numerous environmental system test cells and a vibration lab, will support, among other development projects, Woodward's Aerospace segment development efforts of next generation fuel systems for aircraft turbines.

The increase in "Computer equipment and software" of $16,166 was primarily related to assets that were placed into service during the second quarter of fiscal year 2012 associated with a new enterprise resource planning ("ERP") system for a group within Woodward's Aerospace segment.

For the three and six-months ending March 31, 2012 and March 31, 2011, Woodward had capitalized interest that would have otherwise been included in interest expense as follows:


	Three-Months Ending				Six-Months Ending
	March 31,				March 31,
	2012		2011		2012		2011
Capitalized interest	$	124	$	315	$	428	$	513

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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