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Retirement Benefits (Tables)
6 Months Ended
Mar. 31, 2021
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Amount of Expense Associated with Defined Contribution Plans

The amount of expense associated with defined contribution plans was as follows:

 

 

Three-Months Ended

 

 

Six-Months Ended

 

 

 

March 31,

 

 

March 31,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Company costs

 

$

8,497

 

 

$

8,910

 

 

$

16,533

 

 

$

17,614

 

 

 

Schedule of Estimated Remaining Cash Contributions Woodward estimates its remaining cash contributions in fiscal year 2021 will be as follows:

Retirement pension benefits:

 

 

 

 

United States

 

$

 

United Kingdom

 

 

328

 

Japan

 

 

 

Germany

 

 

385

 

Other postretirement benefits

 

 

2,135

 

 

Defined Benefit Pension Plan [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Net Periodic Benefit Costs

The components of the net periodic retirement pension costs recognized are as follows:

 

 

Three-Months Ended March 31,

 

 

 

United States

 

 

Other Countries

 

 

Total

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Service cost

 

$

432

 

 

$

415

 

 

$

736

 

 

$

708

 

 

$

1,168

 

 

$

1,123

 

Interest cost

 

 

1,239

 

 

 

1,397

 

 

 

343

 

 

 

319

 

 

 

1,582

 

 

 

1,716

 

Expected return on plan assets

 

 

(3,536

)

 

 

(3,086

)

 

 

(625

)

 

 

(708

)

 

 

(4,161

)

 

 

(3,794

)

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net actuarial loss

 

 

135

 

 

 

357

 

 

 

234

 

 

 

260

 

 

 

369

 

 

 

617

 

Prior service cost

 

 

243

 

 

 

234

 

 

 

6

 

 

 

6

 

 

 

249

 

 

 

240

 

Net periodic retirement pension (benefit) cost

 

$

(1,487

)

 

$

(683

)

 

$

694

 

 

$

585

 

 

$

(793

)

 

$

(98

)

Contributions paid

 

$

 

 

$

 

 

$

675

 

 

$

601

 

 

$

675

 

 

$

601

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six-Months Ended March 31,

 

 

 

United States

 

 

Other Countries

 

 

Total

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Service cost

 

$

864

 

 

$

830

 

 

$

1,465

 

 

$

1,418

 

 

$

2,329

 

 

$

2,248

 

Interest cost

 

 

2,478

 

 

 

2,795

 

 

 

676

 

 

 

640

 

 

 

3,154

 

 

 

3,435

 

Expected return on plan assets

 

 

(7,072

)

 

 

(6,173

)

 

 

(1,227

)

 

 

(1,540

)

 

 

(8,299

)

 

 

(7,713

)

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net actuarial loss

 

 

270

 

 

 

715

 

 

 

462

 

 

 

521

 

 

 

732

 

 

 

1,236

 

Prior service cost

 

 

485

 

 

 

468

 

 

 

12

 

 

 

12

 

 

 

497

 

 

 

480

 

Net periodic retirement pension (benefit) cost

 

$

(2,975

)

 

$

(1,365

)

 

$

1,388

 

 

$

1,051

 

 

$

(1,587

)

 

$

(314

)

Contributions paid

 

$

 

 

$

 

 

$

1,218

 

 

$

1,732

 

 

$

1,218

 

 

$

1,732

 

 

Other Postretirement Benefit Plans [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Net Periodic Benefit Costs

The components of the net periodic other postretirement benefit costs recognized are as follows:

 

 

Three-Months Ended

 

 

Six-Months Ended

 

 

 

March 31,

 

 

March 31,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Service cost

 

$

1

 

 

$

 

 

$

1

 

 

$

1

 

Interest cost

 

 

149

 

 

 

196

 

 

 

299

 

 

 

391

 

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net actuarial loss

 

 

8

 

 

 

11

 

 

 

15

 

 

 

23

 

Prior service cost

 

 

1

 

 

 

 

 

 

1

 

 

 

1

 

Net periodic other postretirement cost

 

$

159

 

 

$

207

 

 

$

316

 

 

$

416

 

Contributions paid

 

$

940

 

 

$

176

 

 

$

978

 

 

$

521