Financial Instruments and Fair Value Measurements (Tables)

3 Months Ended

Dec. 31, 2020

Financial Assets that are Measured at Fair Value on a Recurring Basis

The table below presents information about Woodward’s financial assets that are measured at fair value on a recurring basis and indicates the fair value hierarchy of the valuation techniques Woodward utilized to determine such fair value as defined by the U.S. GAAP fair value hierarchy.

	At December 31, 2020								At September 30, 2020
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Financial assets:
Cash	$	188,104	$	—	$	—	$	188,104	$	112,817	$	—	$	—	$	112,817
Investments in term deposits with foreign banks		13,777		—		—		13,777		40,453		—		—		40,453
Equity securities		28,526		—		—		28,526		25,381		—		—		25,381
Total financial assets	$	230,407	$	—	$	—	$	230,407	$	178,651	$	—	$	—	$	178,651

Financial liabilities:
Cross-currency interest rate swaps	$	—	$	83,137	$	—	$	83,137	$	—	$	51,387	$	—	$	51,387
Total financial liabilities	$	—	$	83,137	$	—	$	83,137	$	—	$	51,387	$	—	$	51,387

Estimated Fair Values of Financial Instruments

The estimated fair values and carrying costs of other financial instruments that are not required to be remeasured at fair value in the Condensed Consolidated Balance Sheets were as follows:

		At December 31, 2020				At September 30, 2020
	Fair Value Hierarchy Level	Estimated Fair Value		Carrying Cost		Estimated Fair Value		Carrying Cost
Assets:
Notes receivable from municipalities	2	$	13,579	$	10,941	$	13,413	$	11,846
Note receivable from sale of disposal group	2		6,341		6,111		6,341		6,061
Investments in short-term time deposits	2		16,537		16,521		13,678		13,671
Liabilities:
Long-term debt	2	$	853,830	$	749,172	$	935,610	$	840,654