XML 101 R20.htm IDEA: XBRL DOCUMENT v2.4.0.6
Accrued Liabilities
6 Months Ended
Mar. 31, 2012
Accrued Liabilities  
Accrued Liabilities

Note 13. Accrued liabilities

 

                 
     March 31,      September 30,  
     2012      2011  

Salaries and other member benefits

   $ 30,710       $ 70,965   

Current portion of restructuring and other charges

     2,429         2,489   

Warranties

     13,783         14,083   

Interest payable

     11,357         11,611   

Accrued retirement benefits

     2,423         2,560   

Deferred revenues

     5,870         8,160   

Taxes, other than income

     7,377         5,097   

Other

     18,952         18,551   
    

 

 

    

 

 

 
     $ 92,901       $ 133,516   
    

 

 

    

 

 

 

Warranties

Provisions of Woodward's sales agreements include product warranties customary to these types of agreements. Accruals are established for specifically identified warranty issues that are probable to result in future costs. Warranty costs are accrued on a non-specific basis whenever past experience indicates a normal and predictable pattern exists. Changes in accrued product warranties were as follows:

 

         

Warranties, September 30, 2011

   $ 14,083   

Increases to accruals related to warranties during the period

     952   

Settlements of amounts accrued

     (1,194

Foreign currency exchange rate changes

     (58
    

 

 

 

Warranties, March 31, 2012

   $ 13,783   
    

 

 

 

Restructuring and other charges

The main components of accrued non-acquisition related restructuring charges, which were recognized in fiscal year 2009, include workforce management costs associated with the early retirement and the involuntary separation of employees in connection with a strategic realignment of global workforce capacity. Restructuring charges related to fiscal year 2009 business acquisitions include a number of items such as those associated with integrating similar operations, workforce management, vacating certain facilities, and the cancellation of some contracts.

The summary of the activity in accrued restructuring charges during the three and six-months ending March 31, 2012 is as follows:

 

                         
     Three-Months Ending  
     March 31, 2012  
     Restructuring
Charges
    Business
Acquisitions
    Total  

Accrued restructuring charges, December 31, 2011

   $ 261      $ 2,499      $ 2,760   

Payments

     (21     (45     (66

Non-cash adjustments

     6        —          6   

Foreign currency exchange rates

     1        —          1   
    

 

 

   

 

 

   

 

 

 

Accrued restructuring charges, March 31, 2012

   $ 247      $ 2,454      $ 2,701   
    

 

 

   

 

 

   

 

 

 

 

                         
     Six-Months Ending  
     March 31, 2012  
     Restructuring
Charges
    Business
Acquisitions
    Total  

Accrued restructuring charges, September 30, 2011

   $ 365      $ 2,544      $ 2,909   

Payments

     (130     (90     (220

Non-cash adjustments

     12        —          12   

Foreign currency exchange rates

     —          —          —     
    

 

 

   

 

 

   

 

 

 

Accrued restructuring charges, March 31, 2012

   $ 247      $ 2,454      $ 2,701   
    

 

 

   

 

 

   

 

 

 

Other liabilities included the following amounts of accrued restructuring charges not expected to be settled within twelve months:

 

                 
     March 31,      September 30,  
     2012      2011  

Non-current accrued restructuring charges

   $ 272       $ 420