Joint Venture (Tables)

6 Months Ended

Mar. 31, 2021

Equity Method Investments And Joint Ventures [Abstract]

Unamortized Deferred Revenue from JV

Unamortized deferred revenue from material rights in connection with the JV formation included:

	March 31, 2021		September 30, 2020
Accrued liabilities	$	4,419	$	4,066
Other liabilities		236,610		234,240

Other Income Related JV

Other income related to Woodward’s equity interest in the earnings of the JV was as follows:

	Three-Months Ended March 31,				Six-Months Ended March 31,
	2021		2020		2021		2020
Other income	$	3,779	$	4,681	$	6,165	$	7,893

Cash Distribution from JV

Cash distributions to Woodward from the JV, recognized in “Net cash provided by operating activities” on the Condensed Consolidated Statements of Cash Flows, were as follows:

	Three-Months Ended March 31,				Six-Months Ended March 31,
	2021		2020		2021		2020
Cash distributions	$	3,500	$	-	$	7,000	$	3,000

Net Sales to the JV

Net sales to the JV were as follows:  

	Three-Months Ended March 31,				Six-Months Ended March 31,
	2021		2020		2021		2020
Net sales1	$	8,325	$	16,606	$	18,384	$	31,484

Accounts Receivable, Accounts Payable, and Other Assets Related to JV

The Condensed Consolidated Balance Sheets include “Accounts receivable” related to amounts the JV owed Woodward, “Accounts payable” related to amounts Woodward owed the JV, and “Other assets” related to Woodward’s net investment in the JV, as follows:

	March 31, 2021		September 30, 2020
Accounts receivable	$	3,526	$	3,062
Accounts payable		4,534		1,502
Other assets		8,288		9,123