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Property, Plant, and Equipment, Net | 6 Months Ended
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Mar. 31, 2018
Property, Plant, and Equipment, Net |
Property, Plant and Equipment, Net | N ote 10. Property, plant, and equipment ﻿ ﻿ ﻿
﻿ |  |  |  |  |  |
﻿ |  |  |  |  |  |
﻿ |  | March 31, |  | September 30,
﻿ |  | 2018 |  | 2017
﻿Land and land improvements |  | $ | 88,595 |  | $ | 88,326
﻿Buildings and building improvements |  |  | 516,687 |  |  | 514,453
﻿Leasehold improvements |  |  | 18,303 |  |  | 16,142
﻿Machinery and production equipment |  |  | 575,695 |  |  | 543,641
﻿Computer equipment and software |  |  | 122,663 |  |  | 124,723
﻿Office furniture and equipment |  |  | 24,661 |  |  | 24,308
﻿Other |  |  | 19,397 |  |  | 19,393
﻿Construction in progress |  |  | 115,551 |  |  | 111,910
﻿ |  |  | 1,481,552 |  |  | 1,442,896
﻿Less accumulated depreciation |  |  | (538,119) |  |  | (520,853)
﻿Property, plant, and equipment, net |  | $ | 943,433 |  | $ | 922,043
﻿ In the second quarter of fiscal year 2018, the Company announced its decision to relocate its Duarte, California operations to the Company’s newly renovated Drake Ca mpus in Fort Collins, Colorado. I ncluded in “Land and land improvements” and “Buildings and improv ements” are assets held for use of $7,604 at March 31, 2018, which relate to the land, building and building improvements at the Duarte facility. The assets held for use are included in the Company’s Aerospace segment. The Company had no assets held for use recorded as of September 30, 2017. The Company has not yet determined which of the remaining assets at the Duarte facility, consisting mainly of machinery and equipment, will be sold or relocated to the renovated Drake Campus and therefore, has continued to depreciate these assets until a determination is made. The carrying value of the remaining assets at the Duarte facility was approximately $13,200 as of March 31, 2018. The Company assessed whether the decision to relocate from its Duarte facility could indicate a potential impairment of the assets at the Duarte facility and concluded that the assets were not impaired as of March 31, 2018. Included in “Office furniture and equipment” and “Other” is $1,653 at each of March 31, 2018 and September 30, 201 7, of gross assets acquired on capital leases, and accumulated depreciation included $948 at March 31, 2018 and $739 at September 30, 2017 of amortization associated with the capital lease assets. 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 occupied the new facility for its Aerospace segment. This campus is intended to support Woodward’s expected growth in its Aerospace segment 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 $40,792 at March 31, 2018 and $49,347 at September 30, 2017 associated with new equipment purchases for the greater-Rockford campus and costs of $29,644 at March 31, 2018 and $15,584 at September 30, 2017 associated with the renovation of the Drake Campus. For the three and six-months ended March 31, 2018 and 2017, Woodward had depreciation expense as follows: ﻿ ﻿
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﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | Three-Months Ended |  | Six-Months Ended
﻿ |  | March 31, |  | March 31,
﻿ |  | 2018 |  | 2017 |  | 2018 |  | 2017
﻿Depreciation expense |  | $ | 15,754 |  | $ | 13,663 |  | $ | 30,581 |  | $ | 26,118
For the three and six-months ended March 31, 2018 and 2017, Woodward capitalized interest that would have otherwise been included in interest expense of the following: ﻿ ﻿
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﻿ |  |  |  |  |  |  |  |  |  |  |  |
﻿ |  | Three-Months Ended |  | Six-Months Ended
﻿ |  | March 31, |  | March 31,
﻿ |  | 2018 |  | 2017 |  | 2018 |  | 2017
﻿Capitalized interest |  | $ | 633 |  | $ | 481 |  | $ | 1,234 |  | $ | 953
﻿ ﻿

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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 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
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- References No definition available. + Details
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