Supplemental Statements of Cash Flows Information

12 Months Ended

Sep. 30, 2013

Supplemental Statements of Cash Flows Information

Supplemental Statements of Cash Flows Information

Note 7. Supplemental statement of cash flows information



	Year Ended September 30,
	2013		2012		2011
Interest paid, net of amounts capitalized	$	26,627	$	25,665	$	26,140
Income taxes paid		52,355		52,705		50,360
Income tax refunds received		6,336		3,183		9,496
Non-cash activities:
Purchases of property, plant and equipment on account		5,345		6,065		6,333
Common shares issued from treasury for benefit plans (Note 18)		9,780		9,335		-
Notes receivable from municipalities for economic development incentives		8,114		-		-
Cashless exercise of stock options		2,645		-		1,982
Settlement of receivable through purchase of treasury shares in connection with the cashless exercise of stock options		3,447		-		881
Reduction of accounts receivable and short-term borrowing due to the settlement of accounts receivable previously sold with recourse		-		-		3,228
Reduction of accounts payable due to the assignment of accounts receivable with recourse		-		-		570
Reduction of goodwill due to favorable resolution of lease termination recorded in restructuring reserve		-		-		103
Payment of director fees through issuance of treasury stock		-		-		52

In coordination with its customers and when terms are considered favorable to Woodward, Woodward sometimes transfers to third parties ownership of, and the obligation to collect, outstanding accounts receivable owed to Woodward in exchange for cash. If such transfer is with recourse, then a short-term liability is recorded and is reflected in Woodward’s Consolidated Cash Flow Statement as a financing source. The settlement of the transferred obligation is reflected in Woodward’s Consolidated Cash Flow Statement as both cash flow from operations due to the collection of accounts receivable and cash used in financing as the prior recourse obligation is extinguished. Woodward had no outstanding accounts receivable transferred with recourse as of September 30, 2013 or 2012.