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Accrued Liabilities
 12 Months Ended
Sep. 30, 2015
Accrued Liabilities  
Accrued Liabilities

Note 13.  Accrued liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At September 30,

 

2015

 

2014

Salaries and other member benefits

$
90,472 

 

$
95,031 

Warranties

 
13,741 

 

 
16,916 

Interest payable

 
12,526 

 

 
12,487 

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

 
6,651 

 

 
16,432 

Accrued retirement benefits

 
2,481 

 

 
2,286 

Deferred revenues

 
10,004 

 

 
6,108 

Taxes, other than income

 
8,723 

 

 
8,557 

Other 

 
11,338 

 

 
14,914 

 

$
155,936 

 

$
172,731 

 

(1)

For more information about acquired performance obligations and unfavorable contracts, see Note 4, Joint ventures and business acquisitions,  under the section Business acquisition.

 

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 were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At September 30,

 

2015

 

2014

 

2013

Warranties, beginning of period

$
16,916 

 

$
15,224 

 

$
15,742 

Expense

 
10,117 

 

 
10,700 

 

 
12,037 

Increases due to acquisition of Duarte Business

 

 -

 

 

 -

 

 
157 

Reductions for settling warranties

 
(12,416)

 

 
(8,448)

 

 
(13,051)

Foreign currency exchange rate changes

 
(876)

 

 
(560)

 

 
339 

Warranties, end of period

$
13,741 

 

$
16,916 

 

$
15,224