Property, Plant, and Equipment

12 Months Ended

Sep. 30, 2020

Property Plant And Equipment Net [Abstract]

Note 13. Property, plant, and equipment

	September 30,			September 30,
	2020			2019
Land and land improvements	$	83,095		$	94,976
Buildings and building improvements		551,540			587,541
Leasehold improvements		18,610			17,446
Machinery and production equipment		776,884			731,159
Computer equipment and software		123,903			124,201
Office furniture and equipment		41,177			39,934
Other		19,814			19,346
Construction in progress		36,367			57,624
		1,651,390			1,672,227
Less accumulated depreciation		(653,975	)		(613,452	)
Property, plant, and equipment, net	$	997,415		$	1,058,775

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 Campus in Fort Collins, Colorado, and in fiscal year 2019, finalized the relocation. On December 30, 2019, the Company closed on the sale of one of two parcels of real property at the Duarte facility and recorded a pre-tax gain on sale of assets of $13,522. On August 11, 2020, the Company closed on the sale of the final parcel of real property at the Duarte facility and recorded a pre-tax gain on sale of assets of $8,801 (see Note 19, Other (income) expense, net).

In the first quarter of fiscal year 2020, Woodward determined that the approved plan to divest of the disposal group (see Note 11, Sale of businesses) represented a triggering event requiring the long-lived assets attributable to the disposal group be assessed for impairment. Given the facts and circumstances at that time, Woodward determined that the remaining value of the plant, property and equipment of the disposal group was not recoverable, and a $13,421 non-cash impairment charge was recorded during fiscal year 2020.

On September 25, 2020 the Company closed on the sale of its Loveland, Colorado campus with a concurrent purchase of a new property in Windsor, Colorado for future operations, resulting in recognition of a pre-tax gain on sale of assets of $2,330 (see Note 19, Other (income) expense, net).

For the fiscal years ended September 30, 2020, 2019, and 2018, Woodward had depreciation expense as follows:

	Year Ended September 30,
	2020		2019		2018
Depreciation expense	$	91,700	$	85,982	$	71,389

For the fiscal years ended September 30, 2020, 2019, and 2018, Woodward capitalized interest that would have otherwise been included in interest expense of the following:

	Year Ended September 30,
	2020		2019		2018
Capitalized interest	$	136	$	779	$	2,187