Earnings Per Share (Tables)

12 Months Ended

Sep. 30, 2011

Earnings Per Share

Reconciliation of Net Earnings to Net Earnings Per Share Basic and Diluted

	Year Ending September 30,
	2011		2010		2009
Numerator:
Net earnings attributable to Woodward	$	132,235	$	110,844	$	94,352
Denominator:
Basic shares outstanding		68,797		68,472		67,891
Dilutive effect of employee stock options		1,343		1,392		1,212
Diluted shares outstanding		70,140		69,864		69,103
Income per common share:
Basic earnings per share attributable to Woodward	$	1.92	$	1.62	$	1.39
Diluted earnings per share attributable to Woodward	$	1.89	$	1.59	$	1.37

Anti-dilutive Stock Options Excluded from Computation of Earnings Per Share

	Year Ended September 30,
	2011		2010		2009
Options		684		1,106		739
Weighted-average option price	$	32.04	$	26.94	$	27.30

Schedule of Treasury Stock Shares Held for Deferred Compensation Included in Basic and Diluted Shares Outstanding

	Year Ending September 30,
	2011		2010		2009
Weighted-average treasury stock shares held for deferred compensation obligation		335		371		409