Other Liabilities

6 Months Ended

Mar. 31, 2018

Note 15. Other liabilities



	March 31,		September 30,
	2018		2017
Net accrued retirement benefits, less amounts recognized within accrued liabilities	$	53,234	$	52,211
Noncurrent portion of deferred income from JV formation (1)		239,275		236,896
Total unrecognized tax benefits		20,684		20,949
Noncurrent income taxes payable (2)		23,920		-
Acquired unfavorable contracts (3)		1,149		2,076
Deferred economic incentives (4)		13,801		14,574
Loss reserve on contractual lease commitments (5)		3,233		3,927
Other		10,850		14,165
	$	366,146	$	344,798

(1)

See Note 4, Joint venture for more information on the deferred income from JV formation.

(2)

See Note 17, Income taxes for more information on the noncurrent income taxes payable.

(3)

In connection with the Duarte Acquisition in fiscal year 2013, Woodward assumed current and long-term performance obligations for contractual commitments that are expected to result in future economic losses. The long-term portion of the acquired unfavorable contracts is included in Other liabilities.

(4)

Woodward receives certain economic incentives from various state and local authorities related to capital expansion projects. Such amounts are initially recorded as deferred credits and are being recognized as a reduction to pre-tax expense over the economic lives of the related capital expansion projects.

(5)

See Note 14, Accrued liabilities for more information on the loss reserve on contractual lease commitments.