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Accrued Liabilities
 12 Months Ended
Sep. 30, 2014
Accrued Liabilities  
Accrued Liabilities

Note 13.  Accrued liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At September 30,

 

2014

 

2013

Salaries and other member benefits

$
95,031 

 

$
66,212 

Warranties

 
16,916 

 

 
15,224 

Interest payable

 
12,487 

 

 
11,437 

Current portion of acquired performance obligations and unfavorable contracts (1)

 
16,432 

 

 
23,977 

Accrued retirement benefits

 
2,286 

 

 
2,276 

Deferred revenues

 
6,108 

 

 
6,304 

Taxes, other than income

 
8,557 

 

 
6,504 

Other 

 
14,914 

 

 
29,807 

 

$
172,731 

 

$
161,741 

(1)

For more information about acquired performance obligations and unfavorable contracts, see Note 4, Business acquisitions.

 

Warranties

Provisions of Woodward’s sales agreements include product warranties customary to these types of agreements.  Accruals are established for specifically identified warranty issues that are probable to result in future costs.  Warranty costs are accrued on a non-specific basis whenever past experience indicates a normal and predictable pattern exists.  Changes in accrued product warranties for the fiscal years ended September 30, 2014, September 30, 2013 and September 30, 2012 were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At September 30,

 

2014

 

2013

 

2012

Warranties, beginning of period

$
15,224 

 

$
15,742 

 

$
14,083 

Expense

 
10,700 

 

 
12,037 

 

 
14,543 

Increases due to acquisition of Duarte Business

 

 -

 

 
157 

 

 

 -

Reductions for settling warranties

 
(8,448)

 

 
(13,051)

 

 
(12,587)

Foreign currency exchange rate changes

 
(560)

 

 
339 

 

 
(297)

Warranties, end of period

$
16,916 

 

$
15,224 

 

$
15,742