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Property, Plant, and Equipment, Net | 9 Months Ended
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Jun. 30, 2015
Property, Plant, and Equipment, Net |
Property, Plant and Equipment, Net | Note 10. Property, plant, and equipment
|  | June 30, |  | September 30,
|  | 2015 |  | 2014
Land and land improvements |  | $ | 63,626 |  | $ | 66,303
Buildings and improvements |  |  | 375,068 |  |  | 197,587
Leasehold improvements |  |  | 17,696 |  |  | 20,026
Machinery and production equipment |  |  | 338,531 |  |  | 326,403
Computer equipment and software |  |  | 105,715 |  |  | 103,852
Office furniture and equipment |  |  | 23,906 |  |  | 20,992
Other |  |  | 18,466 |  |  | 18,839
Construction in progress |  |  | 216,021 |  |  | 223,958
|  |  | 1,159,029 |  |  | 977,960
Less accumulated depreciation |  |  | (470,693) |  |  | (464,681)
Property, plant and equipment, net |  | $ | 688,336 |  | $ | 513,279
Included in “Land and land improvements” and “Buildings and improvements” are assets held for sale of $692 at June 30, 2015 and $2,465 at September 30, 2014. During the quarter ended March 31, 2015, Woodward completed the sale of certain of the assets held for sale. Woodward is developing a second campus in the greater-Rockford, Illinois area for its Aerospace segment in order to address the growth expected over the next ten years and beyond and to support a substantial number of recently awarded new system platforms, particularly on narrow-body aircraft. Included in “Construction in progress” are costs of $27,633 at June 30, 2015 and $85,283 at September 30, 2014, associated with the construction of the second campus and new equipment purchases, including capitalized interest of $430 at June 30, 2015 and $2,963 at September 30, 2014. Approximately $120,000 of assets were placed in service during the nine-months ended June 30, 2015, and were recorded to “Buildings and improvements.” Woodward is also developing a new campus at its corporate headquarters in Fort Collins, Colorado to support the continued growth of its Energy segment by supplementing its existing Colorado manufacturing facilities and corporate headquarters. Included in “Construction in progress” are costs of $117,882 at June 30, 2015 and $37,268 at September 30, 2014, associated with the construction of the new campus, including capitalized interest of $3,996 at June 30, 2015 and $2,392 at September 30, 2014. In addition, in September 2013, Woodward invested in a building site in Niles, Illinois. Woodward has completed a new facility on this site for its Aerospace segment and is relocating most of its operations formerly residing in nearby Skokie, Illinois to this new facility. Included in “Construction in progress” are costs of $4,960 at June 30, 2015 and $55,629 at September 30, 2014, associated with the construction of the building in Niles and new equipment purchases. Approximately $72,00 0 of assets were placed in service during the nine-months ended June 30, 2015, and were recorded to “Buildings and improvements” and “Office furniture and equipment.” For the three and nine-months ended June 30, 2015 and June 30, 2014, Woodward had depreciation expense of the following:
|  | Three-Months Ended |  | Nine-Months Ended
|  | June 30, |  | June 30,
|  | 2015 |  | 2014 |  | 2015 |  | 2014
Depreciation expense |  | $ | 11,280 |  | $ | 10,489 |  | $ | 33,727 |  | $ | 32,183
For the three and nine-months ended June 30, 2015 and June 30, 2014, Woodward capitalized interest that would have otherwise been included in interest expense of the following:
|  | Three-Months Ended |  | Nine-Months Ended
|  | June 30, |  | June 30,
|  | 2015 |  | 2014 |  | 2015 |  | 2014
Capitalized interest |  | $ | 2,544 |  | $ | 1,676 |  | $ | 7,310 |  | $ | 3,965

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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13-14) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2921-110230 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
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