Supplemental Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Sep. 30, 2018

Supplemental Quarterly Financial Data [Line Items]



	2018 Fiscal Quarters
	First		Second		Third		Fourth
Net sales (1)	$	470,148	$	548,249	$	588,117	$	719,359
Gross margin (2)(3)		123,364		146,918		160,220		175,696
Earnings before income taxes (3)(4)(5)(6)		37,487		48,647		54,417		79,027
Net earnings (3)(4)(5)(6)(7)		18,260		38,489		49,117		74,512
Earnings per share
Basic earnings per share (3)(4)(5)(6)(7)		0.30		0.63		0.80		1.21
Diluted earnings per share (3)(4)(5)(6)(7)		0.29		0.60		0.77		1.16
Cash dividends per share		0.1250		0.1425		0.1425		0.1425

	2017 Fiscal Quarters
	First		Second		Third		Fourth
Net sales	$	442,894	$	500,381	$	548,622	$	606,788
Gross margin (2)		113,746		133,282		153,872		171,659
Earnings before income taxes		47,059		50,236		68,687		86,765
Net earnings		46,548		38,105		53,626		62,228
Earnings per share
Basic earnings per share		0.76		0.62		0.87		1.02
Diluted earnings per share		0.73		0.60		0.85		0.98
Cash dividends per share		0.1100		0.1250		0.1250		0.1250

Notes:

On June 1, 2018, Woodward acquired L’Orange. Net sales attributable to L’Orange were $24,878 and $78,027 in the third quarter and fourth quarters of fiscal year 2018, respectively.

Gross margin represents net sales less cost of goods sold.

Results for the third and fourth quarters of fiscal year 2018 include pre-tax non-cash charges of $8,299 and $26,086, respectively, associated with the purchase accounting impacts related to the revaluation of the L’Orange inventory recognized in cost of goods sold and the amortization of the backlog intangible.

Results for the second, third and fourth quarters of fiscal year 2018, include pre-tax L’Orange acquisition transaction and integration costs of $1,281, $3,077 and $850, respectively.

Results for the third quarter of fiscal year 2018 include the (i) pre-tax cost associated with an at-the-money-forward option of $5,543, (ii) pre-tax warranty and indemnity insurance costs associated with the acquisition of L’Orange of $4,293, and (iii) pre-tax German real estate transfer tax costs associated with the acquisition of L’Orange of $3,385.

The second quarter of fiscal year 2018 includes pre-tax restructuring charges totaling $17,013, the majority of which relate to the Company’s decision to relocate its Duarte, California operations to the Company’s newly renovated Drake Campus in Fort Collins, Colorado. The remaining restructuring charges recognized during the quarter consist of workforce management costs related to aligning the Company’s industrial turbomachinery business with current market conditions.

In the first and third quarters of fiscal year 2018, Woodward recognized a tax expense of $14,778 and $3,671, respectively, and tax benefit of $7,589 in the fourth quarter of fiscal year 2018, related to the transition impacts of the change in U.S. tax legislation in December 2017.

Segment Reporting [Member]

Supplemental Quarterly Financial Data [Line Items]

Quarterly Financial Information



	2018 Fiscal Quarters
	First		Second		Third		Fourth
Segment external net sales:
Aerospace	$	305,905	$	386,343	$	404,612	$	461,128
Industrial (1)		164,243		161,906		183,505		258,231
Total	$	470,148	$	548,249	$	588,117	$	719,359
Segment earnings:
Aerospace	$	43,553	$	72,969	$	82,199	$	103,082
Industrial (2)		19,344		10,237		10,450		7,907
Nonsegment expenses (3)(4)(5)		(19,023)		(28,343)		(30,696)		(22,005)
Interest expense, net		(6,387)		(6,216)		(7,536)		(9,957)
Consolidated earnings before income taxes	$	37,487	$	48,647	$	54,417	$	79,027

	2017 Fiscal Quarters
	First		Second		Third		Fourth
Segment external net sales:
Aerospace	$	266,680	$	320,526	$	355,992	$	399,141
Industrial		176,214		179,855		192,630		207,647
Total	$	442,894	$	500,381	$	548,622	$	606,788
Segment earnings:
Aerospace	$	46,877	$	58,227	$	67,173	$	85,536
Industrial		17,998		17,089		20,870		23,034
Nonsegment expenses		(11,381)		(18,764)		(12,945)		(15,262)
Interest expense, net		(6,435)		(6,316)		(6,411)		(6,543)
Consolidated earnings before income taxes	$	47,059	$	50,236	$	68,687	$	86,765

Net Industrial segment sales attributable to L’Orange were $24,878 and $78,027 in the third and fourth quarters of fiscal year 2018, respectively.

Industrial segment earnings for the third and fourth quarters of fiscal year 2018 include non-cash charges of $8,299 and $26,086, respectively, associated with the purchase accounting impacts relate to the revaluation of the L’Orange inventory recognized in cost of goods sold and the amortization of the backlog intangible.

Nonsegment expenses for the third quarter include (i) cost associated with an at-the-money-forward option of $5,543, (ii) warranty and indemnity insurance costs associated with the acquisition of L’Orange of $4,293, and (iii) German real estate transfer tax costs associated with the acquisition of L’Orange of $3,385.

Nonsegment expenses for the second, third and fourth quarters of fiscal year 2018, include L’Orange acquisition transaction and integration costs of $1,281, $3,077 and $850, respectively.

Nonsegment expenses for the second quarter of fiscal year 2018 include restructuring charges totaling $17,013, the majority of which relate to the Company’s decision to relocate its Duarte, California operations to the Company’s newly renovated Drake Campus in Fort Collins, Colorado. The remaining restructuring charges recognized during the quarter consist of workforce management costs related to aligning the Company’s industrial turbomachinery business with current market conditions.