Note 12. Goodwill



	September 30, 2018		Effects of Foreign Currency Translation		March 31, 2019
Aerospace	$	455,423	$	-	$	455,423
Industrial		357,827		(8,789)		349,038
Consolidated	$	813,250	$	(8,789)	$	804,461

On June 1, 2018, Woodward completed the acquisition of L’Orange (see Note 5, Business acquisition), which resulted in the recognition of $257,447 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 2018 impairment test resulted in no impairment.