Accrued Liabilities (Tables)

3 Months Ended

Dec. 31, 2018



	December 31,		September 30,
	2018		2018
Salaries and other member benefits	$	61,187	$	88,643
Warranties		20,156		20,130
Interest payable		7,014		18,611
Current portion of acquired contractual obligations and unfavorable contracts (1)		1,160		1,627
Accrued retirement benefits		3,571		3,571
Current portion of loss reserve on contractual lease commitments		1,245		1,245
Restructuring charges		15,843		16,522
Taxes, other than income		17,290		21,128
Net current contract liabilities (2)		28,190		9,659
Other		15,481		13,377
	$	171,137	$	194,513

(1)

In connection with Woodward’s acquisition of GE Aviation Systems LLC’s (the “Seller”) thrust reverser actuation systems business located in Duarte, California (the “Duarte Acquisition”) in fiscal year 2013, Woodward assumed current and long-term obligations for contractual commitments that are expected to result in future economic losses. In addition, Woodward assumed current and long-term contractual obligations for services to be provided to the Seller and others, partially offset by current and long-term assets related to contractual payments due from the Seller. The current portion of both obligations is included in Accrued liabilities.

(2)

See Note 3, Revenue for more information on net current contract liabilities.

Changes in Accrued Product Warranties



	Three-Months Ended December 31,
		2018		2017
Warranties, beginning of period	$	20,130	$	13,597
Impact from adoption of ASC 606 (Note 3)		594		-
Expense, net of recoveries		2,072		(2,030)
Reductions for settlement of previous warranty liabilities		(2,537)		1,377
Foreign currency exchange rate changes		(103)		73
Warranties, end of period	$	20,156	$	13,017

Loss Reserve On Contractual Lease Commitments [Member]

Accrued Liabilities [Line Items]

Loss Reserve & Restructuring Reserve Activity



	Three-Months Ended December 31,
		2018		2017
Loss reserve on contractual lease commitments, beginning of period	$	3,931	$	5,270
Payments, net of sublease income		(117)		(553)
Loss reserve on contractual lease commitments, end of period	$	3,814	$	4,717

Employee Severance [Member]

Accrued Liabilities [Line Items]

Loss Reserve & Restructuring Reserve Activity


				Period Activity
	Balances as of October 1, 2018			Charges (gains)	Cash receipts (payments)		Non-cash activity		Balances as of December 31, 2018
Workforce management costs associated with:
Duarte plant relocation	$	12,504	$	-	$	-	$	-	$	12,504
Industrial turbomachinery business realignment		4,018		-		(679)		-		3,339
Total	$	16,522	$	-	$	(679)	$	-	$	15,843