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Property, Plant, and Equipment, Net | 3 Months Ended
--- | ---
Dec. 31, 2015
Property, Plant, and Equipment, Net |
Property, Plant and Equipment, Net | Note 9. Property, plant, and equipment
|  | December 31, |  | September 30,
|  | 2015 |  | 2015
Land and land improvements |  | $ | 79,121 |  | $ | 79,311
Buildings and improvements |  |  | 371,433 |  |  | 372,160
Leasehold improvements |  |  | 16,656 |  |  | 16,907
Machinery and production equipment |  |  | 371,955 |  |  | 365,040
Computer equipment and software |  |  | 119,135 |  |  | 118,154
Office furniture and equipment |  |  | 21,000 |  |  | 20,939
Other |  |  | 18,333 |  |  | 18,325
Construction in progress |  |  | 279,405 |  |  | 252,763
|  |  | 1,277,038 |  |  | 1,243,599
Less accumulated depreciation |  |  | (495,379) |  |  | (487,499)
Property, plant and equipment, net |  | $ | 781,659 |  | $ | 756,100
I ncluded in “Land and land improvements” and “Buildings and improvements” are assets held for sale of $662 at December 31, 2015 and $681 at September 30, 201 5 related to Woodward’s Industrial segment. The entire change in value is due to changes in foreign currency exchange rates between September 30, 2015 and December 31, 2015. In fiscal year 2015, Woodward completed and placed into service a manufacturing and office building on a second campus in the greater-Rockford, Illinois area and has begun occupying the new facility for its Aerospace segment. This campus is intended to support Woodward’s expected growth in its Aerospace segment over the next ten years and beyond, required as a result of Woodward being awarded a substantial number of new system platforms, particularly on narrow-body aircraft. Included in “Construction in progress” are costs of $55,716 at December 31, 2015 and $47,629 at September 30, 2015, associated with the construction of the second cam pus and new equipment purchases including capitalized interest of $836 at December 31, 2015 and $499 at September 30, 201 5. Woodward is also developing a new campus at its corporate headquarters in Fort Collins, Colorado to support the continued growth of its Industrial segment by supplementing its existing Colorado manufacturing facilities and corporate headquarters. Included in “Construction in progress” are $177,061 at December 31, 2015 and $151,669 at September 30, 201 5, associated with the construction of the new campus including capitalized interest of $6,669 at December 31, 2015 and $5,205 at September 30, 201 5. Woodward will begin occupying the new campus starting in its second quarter of fiscal year 2016. Concurrent with and in relation to Woodward’s significant investment in three new campuses and related equipment in the greater-Rockford, I llinois area, its corporate headquarters in Fort Collins, Colorado (discussed above), and a new campus in Niles, Illinois (that was completed in fiscal year 2015), Woodward initiated a comprehensive review of its depreciation lives as required by US GAAP to evaluate the estimates of the useful lives of Woodward assets. This review resulted in estimates of the useful lives of both existing and new assets generally in excess of those utilized prior to fiscal year 2016. The revised estimates will be used in fiscal year 2016 a nd going forward and result in a downward adjustment of depreciation on existing assets of approximately $12,000 for fiscal year 2016. For the three-months ended December 31, 2015 and December 31, 2014, Woodward had depreciation expense as follow s:
|  | Three-Months Ended
|  | December 31,
|  | 2015 |  | 2014
Depreciation expense |  | $ | 10,116 |  | $ | 10,998
For the three-months ended December 31, 2015 and December 31, 2014, Woodward capitalized interest that would have otherwise been included in interest expense of the following:
|  | Three-Months Ended
|  | December 31,
|  | 2015 |  | 2014
Capitalized interest |  | $ | 1,873 |  | $ | 1,965

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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=51717284&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=51719941&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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