WOODWARD, INC. AND SUBSIDIARIES
SCHEDULE II — VALUATION AND QUALIFYING ACCOUNTS

For the years ending September 30, 2011, 2010, and 2009

(in thousands)


Column A	Column B		Column C				Column D			Column E
			Additions
	Balance at		Charged to		Charged to
	Beginning of		Costs and		Other		Deductions			Balance at
Description	Year		Expenses		Accounts (a)		(b)			End of Year
Allowance for doubtful accounts:
Fiscal year 2011	$	2,228	$	1,028	$	159	$	(1,093	)	$	2,322
Fiscal year 2010		2,660		431		74		(937	)		2,228
Fiscal year 2009		1,648		1,274		1,003		(1,265	)		2,660

Notes:


(a)		Includes recoveries of accounts previously written off.

(b)		Represents accounts written off and foreign currency exchange rate adjustments. Currency translation adjustments resulted in a decrease in the reserve of $69 in fiscal year 2011, a decrease in the reserve of $37 in fiscal year 2010, and an increase in the reserve of $16 in fiscal year 2009.