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Intangible Assets, Net
12 Months Ended
Sep. 30, 2025
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Intangible Assets, Net

Note 14. Intangible assets, net

 

 

September 30, 2025

 

 

September 30, 2024

 

 

 

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

 

 

$

(251,109

)

 

$

30,574

 

 

$

281,683

 

 

$

(246,152

)

 

$

35,531

 

Industrial

 

 

401,778

 

 

 

(125,909

)

 

 

275,869

 

 

 

399,030

 

 

 

(114,391

)

 

 

284,639

 

Total

 

$

683,461

 

 

$

(377,018

)

 

$

306,443

 

 

$

680,713

 

 

$

(360,543

)

 

$

320,170

 

Intellectual property:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

Industrial

 

 

3,139

 

 

 

(3,139

)

 

 

 

 

 

3,139

 

 

 

(3,139

)

 

 

 

Total

 

$

3,139

 

 

$

(3,139

)

 

$

 

 

$

3,139

 

 

$

(3,139

)

 

$

 

Process technology:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

44,570

 

 

$

(40,973

)

 

$

3,597

 

 

$

44,570

 

 

$

(40,346

)

 

$

4,224

 

Industrial

 

 

87,640

 

 

 

(37,610

)

 

 

50,030

 

 

 

87,257

 

 

 

(35,983

)

 

 

51,274

 

Total

 

$

132,210

 

 

$

(78,583

)

 

$

53,627

 

 

$

131,827

 

 

$

(76,329

)

 

$

55,498

 

Other intangibles:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

Industrial

 

 

 

 

 

 

 

 

 

 

 

592

 

 

 

(592

)

 

 

 

Total

 

$

 

 

$

 

 

$

 

 

$

592

 

 

$

(592

)

 

$

 

Intangible asset with indefinite life:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade name:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

 

$

 

Industrial

 

 

68,010

 

 

 

 

 

 

68,010

 

 

 

64,751

 

 

 

 

 

 

64,751

 

Total

 

$

68,010

 

 

$

 

 

$

68,010

 

 

$

64,751

 

 

$

 

 

$

64,751

 

Total intangibles:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Aerospace

 

$

326,253

 

 

$

(292,082

)

 

$

34,171

 

 

$

326,253

 

 

$

(286,498

)

 

$

39,755

 

Industrial

 

 

560,567

 

 

 

(166,658

)

 

 

393,909

 

 

 

554,769

 

 

 

(154,105

)

 

 

400,664

 

Consolidated Total

 

$

886,820

 

 

$

(458,740

)

 

$

428,080

 

 

$

881,022

 

 

$

(440,603

)

 

$

440,419

 

Indefinite lived intangible assets

The Woodward L’Orange trade name intangible asset is analyzed for impairment on an annual basis and more often if an event occurs or circumstances change that indicate the fair value of the Woodward L’Orange intangible asset may be below its carrying amount. During the fourth quarter, Woodward completed its annual impairment analysis of the Woodward L’Orange trade name intangible asset as of July 31, 2025 for the fiscal year ended September 30, 2025. The results of the annual impairment analysis performed as of July 31, 2025 indicated no impairment existed.

Finite-lived intangible assets

Woodward recorded amortization expense associated with intangibles of the following:

 

 

Year Ended September 30,

 

 

 

2025

 

 

2024

 

 

2023

 

Amortization expense

 

$

28,224

 

 

$

33,592

 

 

$

37,589

 

 

Future amortization expense associated with intangibles is expected to be:

Year Ending September 30:

 

 

 

2026

 

$

28,104

 

2027

 

 

28,035

 

2028

 

 

27,667

 

2029

 

 

26,761

 

2030

 

 

26,734

 

Thereafter

 

 

222,769

 

 

$

360,070