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v3.23.2

Intangible Assets, Net | 9 Months Ended
--- | ---
Jun. 30, 2023
Intangible Assets Net Excluding Goodwill [Abstract] |
Intangible Assets, Net | Note 14. Intangible assets, net
|  | June 30, 2023 |  |  | September 30, 2022 |
|  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Gross Carrying Value |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Intangible assets with finite lives: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships and contracts: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Aerospace |  | $ | 281,683 |  |  | $ | (233,002 | ) |  | $ | 48,681 |  |  | $ | 281,683 |  |  | $ | (223,565 | ) |  | $ | 58,118 |
Industrial |  |  | 388,771 |  |  |  | (87,293 | ) |  |  | 301,478 |  |  |  | 352,917 |  |  |  | (66,812 | ) |  |  | 286,105 |
Total |  | $ | 670,454 |  |  | $ | (320,295 | ) |  | $ | 350,159 |  |  | $ | 634,600 |  |  | $ | (290,377 | ) |  | $ | 344,223 |
Intellectual property: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Aerospace |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Industrial |  |  | 11,794 |  |  |  | (11,794 | ) |  |  | — |  |  |  | 12,361 |  |  |  | (12,361 | ) |  |  | — |
Total |  | $ | 11,794 |  |  | $ | (11,794 | ) |  | $ | — |  |  | $ | 12,361 |  |  | $ | (12,361 | ) |  | $ | — |
Process technology: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Aerospace |  | $ | 76,370 |  |  | $ | (70,880 | ) |  | $ | 5,490 |  |  | $ | 76,370 |  |  | $ | (69,471 | ) |  | $ | 6,899 |
Industrial |  |  | 85,370 |  |  |  | (31,335 | ) |  |  | 54,035 |  |  |  | 78,524 |  |  |  | (27,464 | ) |  |  | 51,060 |
Total |  | $ | 161,740 |  |  | $ | (102,215 | ) |  | $ | 59,525 |  |  | $ | 154,894 |  |  | $ | (96,935 | ) |  | $ | 57,959 |
Other intangibles: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Aerospace |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Industrial |  |  | 561 |  |  |  | (392 | ) |  |  | 169 |  |  |  | 1,560 |  |  |  | — |  |  |  | 1,560 |
Total |  | $ | 561 |  |  | $ | (392 | ) |  | $ | 169 |  |  | $ | 1,560 |  |  | $ | — |  |  | $ | 1,560 |
Intangible asset with indefinite life: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade name: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Aerospace |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Industrial |  |  | 63,041 |  |  |  | — |  |  |  | 63,041 |  |  |  | 56,838 |  |  |  | — |  |  |  | 56,838 |
Total |  | $ | 63,041 |  |  | $ | — |  |  | $ | 63,041 |  |  | $ | 56,838 |  |  | $ | — |  |  | $ | 56,838 |
Total intangibles: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Aerospace |  | $ | 358,053 |  |  | $ | (303,882 | ) |  | $ | 54,171 |  |  | $ | 358,053 |  |  | $ | (293,036 | ) |  | $ | 65,017 |
Industrial |  |  | 549,537 |  |  |  | (130,814 | ) |  |  | 418,723 |  |  |  | 502,200 |  |  |  | (106,637 | ) |  |  | 395,563 |
Consolidated Total |  | $ | 907,590 |  |  | $ | (434,696 | ) |  | $ | 472,894 |  |  | $ | 860,253 |  |  | $ | (399,673 | ) |  | $ | 460,580 |
Woodward tests the indefinite lived trade name intangible asset for impairment during the fourth quarter of each fiscal year and at any time there is an indication the indefinite lived trade name intangible asset is more-likely-than-not impaired (commonly referred to as a triggering event). Woodward’s impairment test for the indefinite lived trade name intangible asset in the fourth quarter of fiscal year 2022 resulted in no impairment. Woodward recorded amortization expense associated with intangibles of the following:
|  | Three Months Ended June 30, |  |  | Nine Months Ended June 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Amortization expense |  | $ | 9,493 |  |  | $ | 9,309 |  |  | $ | 28,089 |  |  | $ | 28,584 |
Future amortization expense associated with intangibles is expected to be:
Year Ending September 30: |  |  |
2023 (remaining) |  | $ | 10,019 |
2024 |  |  | 32,919 |
2025 |  |  | 27,806 |
2026 |  |  | 27,745 |
2027 |  |  | 27,670 |
Thereafter |  |  | 283,694 |
|  | $ | 409,853 |

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -URI https://asc.fasb.org/subtopic&trid=2144471 + Details
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