Note 12. Goodwill



	September 30, 2017		Additions		Effects of Foreign Currency Translation		June 30, 2018
Aerospace	$	455,423	$	-	$	-	$	455,423
Industrial		101,122		269,433		948		371,503
Consolidated	$	556,545	$	269,433	$	948	$	826,926

On June 1, 2018, Woodward completed the acquisition of L’Orange (see Note 4, Business acquisition), which resulted in the recognition of $269,433 in goodwill in the Company’s Industrial segment.

Woodward tests goodwill for impairment during the fourth quarter of each fiscal year, or at any time there is an indication goodwill is more-likely-than-not impaired, commonly referred to as triggering events. There have been no such triggering events during any of the periods presented and Woodward’s fourth quarter of fiscal year 2017 impairment test resulted in no impairment.