| Intangible Assets, Net |
Note 14. Intangible assets, net
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June 30, 2026 |
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September 30, 2025 |
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Gross
Carrying
Value |
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Accumulated
Amortization |
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Net
Carrying
Amount |
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Gross
Carrying
Value |
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Accumulated
Amortization |
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Net
Carrying
Amount |
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Intangible assets with finite lives: |
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Customer relationships and contracts: |
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Aerospace |
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$ |
292,483 |
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$ |
(255,007 |
) |
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$ |
37,476 |
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$ |
281,683 |
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$ |
(251,109 |
) |
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$ |
30,574 |
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Industrial |
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391,843 |
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(137,782 |
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254,061 |
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401,778 |
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(125,909 |
) |
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275,869 |
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Total |
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$ |
684,326 |
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$ |
(392,789 |
) |
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$ |
291,537 |
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$ |
683,461 |
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$ |
(377,018 |
) |
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$ |
306,443 |
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Intellectual property: |
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Aerospace |
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$ |
11,893 |
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$ |
(149 |
) |
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$ |
11,744 |
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$ |
— |
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$ |
— |
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$ |
— |
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Industrial |
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3,139 |
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(3,139 |
) |
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— |
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3,139 |
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(3,139 |
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— |
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Total |
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$ |
15,032 |
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$ |
(3,288 |
) |
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$ |
11,744 |
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$ |
3,139 |
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$ |
(3,139 |
) |
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$ |
— |
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Process technology: |
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Aerospace |
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$ |
69,470 |
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$ |
(41,850 |
) |
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$ |
27,620 |
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$ |
44,570 |
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$ |
(40,973 |
) |
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$ |
3,597 |
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Industrial |
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89,709 |
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(39,619 |
) |
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50,090 |
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87,640 |
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(37,610 |
) |
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50,030 |
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Total |
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$ |
159,179 |
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$ |
(81,469 |
) |
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$ |
77,710 |
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$ |
132,210 |
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$ |
(78,583 |
) |
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$ |
53,627 |
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Intangible asset with indefinite life: |
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Trade name: |
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Aerospace |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
— |
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Industrial |
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66,272 |
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— |
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66,272 |
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68,010 |
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— |
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68,010 |
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Total |
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$ |
66,272 |
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$ |
— |
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$ |
66,272 |
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$ |
68,010 |
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$ |
— |
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$ |
68,010 |
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Total intangibles: |
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Aerospace |
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$ |
373,846 |
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$ |
(297,006 |
) |
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$ |
76,840 |
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$ |
326,253 |
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$ |
(292,082 |
) |
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$ |
34,171 |
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Industrial |
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550,963 |
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(180,540 |
) |
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370,423 |
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560,567 |
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(166,658 |
) |
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393,909 |
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Consolidated Total |
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$ |
924,809 |
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$ |
(477,546 |
) |
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$ |
447,263 |
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$ |
886,820 |
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$ |
(458,740 |
) |
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$ |
428,080 |
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Woodward recorded amortization expense associated with intangibles of the following:
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Three Months Ended June 30, |
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Nine Months Ended June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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Amortization expense |
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$ |
9,568 |
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$ |
7,172 |
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$ |
24,334 |
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$ |
20,858 |
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Future amortization expense associated with intangibles is expected to be:
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Year Ending September 30: |
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2026 (Remaining) |
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$ |
8,448 |
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2027 |
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32,458 |
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2028 |
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32,109 |
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2029 |
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31,204 |
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2030 |
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31,176 |
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Thereafter |
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245,596 |
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$ |
380,991 |
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