Intangible Assets, Net

3 Months Ended

Dec. 31, 2014

Note 11. Intangible assets, net



	December 31, 2014						September 30, 2014
	Gross Carrying Value		Accumulated Amortization		Net Carrying Amount		Gross Carrying Value		Accumulated Amortization		Net Carrying Amount
Customer relationships and contracts:
Aerospace	$	282,225	$	(102,019)	$	180,206	$	282,225	$	(97,281)	$	184,944
Energy		41,498		(32,186)		9,312		41,706		(32,032)		9,674
Total	$	323,723	$	(134,205)	$	189,518	$	323,931	$	(129,313)	$	194,618

Intellectual property:
Aerospace	$	-	$	-	$	-	$	-	$	-	$	-
Energy		19,752		(16,137)		3,615		19,954		(15,938)		4,016
Total	$	19,752	$	(16,137)	$	3,615	$	19,954	$	(15,938)	$	4,016

Process technology:
Aerospace	$	76,605	$	(33,143)	$	43,462	$	76,605	$	(31,719)	$	44,886
Energy		22,802		(13,411)		9,391		23,078		(13,141)		9,937
Total	$	99,407	$	(46,554)	$	52,853	$	99,683	$	(44,860)	$	54,823

Other intangibles:
Aerospace	$	9,100	$	(8,850)	$	250	$	9,100	$	(8,465)	$	635
Energy		1,456		(833)		623		1,519		(839)		680
Total	$	10,556	$	(9,683)	$	873	$	10,619	$	(9,304)	$	1,315

Total intangibles:
Aerospace	$	367,930	$	(144,012)	$	223,918	$	367,930	$	(137,465)	$	230,465
Energy		85,508		(62,567)		22,941		86,257		(61,950)		24,307
Consolidated Total	$	453,438	$	(206,579)	$	246,859	$	454,187	$	(199,415)	$	254,772

For the three-months ended December 31, 2014 and December 31, 2013, Woodward recorded amortization expense associated with intangibles of the following:



	Three-Months Ended
	December 31,
	2014		2013
Amortization expense	$	7,575	$	8,484

Future amortization expense associated with intangibles is expected to be:



Year Ending September 30:
2015 (remaining)	$	21,671
2016		27,532
2017		25,803
2018		24,977
2019		23,141
Thereafter		123,735
	$	246,859