XML 42 R77.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Credit Facilities, Short-term Borrowings (Narrative) (Details) (USD $) In Thousands, unless otherwise specified | 12 Months Ended |  |  | 3 Months Ended | 12 Months Ended |  | 12 Months Ended |  | 12 Months Ended |  |  | 12 Months Ended | 6 Months Ended
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Sep. 30, 2014 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2011 | Sep. 30, 2014 Foreign Performance Guarantee Facilities [Member] | Sep. 30, 2014 Foreign Lines of Credit And Overdraft Facilities [Member] | Dec. 31, 2013 Domestic Line Of Credit [Member] | Sep. 30, 2013 Domestic Line Of Credit [Member] | Sep. 30, 2014 Revolving Credit Facility [Member] | Sep. 30, 2014 Revolving Credit Agreement [Member] | Sep. 30, 2013 Revolving Credit Agreement [Member] | Sep. 30, 2014 Revolving Credit Agreement [Member] Minimum [Member] | Sep. 30, 2014 Revolving Credit Agreement [Member] Maximum [Member] | Sep. 30, 2013 Second Amended and Restated Credit Agreement [Member] | Sep. 30, 2014 Chinese Credit Facility [Member] | Sep. 30, 2014 Chinese Credit Facility, RMB Denominated Loan [Member] | Sep. 30, 2014 | Sep. 30, 2014 The Notes [Member] | Mar. 31, 2013 2008 Term Loan [Member] | Mar. 31, 2013 2008 Term Loan [Member] Minimum [Member] | Mar. 31, 2013 2008 Term Loan [Member] Maximum [Member]
Maximum borrowing capacity | $ 637,637 |  |  |  | $ 9,678 | $ 27,959 |  | $ 200,000 | $ 600,000 | $ 600,000 |  |  |  |  | $ 22,700 |  |  |  |  |  |
Option to increase maximum borrowings to this amount |  |  |  |  |  |  |  |  |  | 800,000 |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility, Expiration Date |  |  |  |  |  |  | Dec. 20, 2013 |  |  | Jul. 01, 2018 |  |  |  |  |  |  |  |  |  |  |
Line of Credit Facility, Initiation Date |  |  |  |  |  |  |  | Dec. 21, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |
Variable Rate Basis |  |  |  |  |  |  |  | prime rate or an adjusted LIBOR |  | LIBOR |  |  |  |  |  | interest at the prevailing interest rate offered by the People's Bank of China on the date of borrowing, plus a margin equal to 25% of that prevailing rate | interest at the lender's cost of borrowing rate at the date of borrowing, plus 3% |  | LIBOR |  |
Basis Spread On Variable Rate |  |  |  |  |  |  |  |  |  |  |  | 0.85% | 1.65% |  |  |  |  |  |  | 1.00% | 2.25%
Credit facility effective interest rate on outstanding borrowing |  |  |  |  |  |  |  |  |  | 1.21% |  |  |  |  |  |  |  |  |  |  |
Cross default provisions related to the Company’s other outstanding debt arrangements in excess of this amount, the occurrence of which would permit the lenders to accelerate the amounts due thereunder |  |  |  |  |  |  |  |  |  | 60,000 |  |  |  |  |  |  |  |  |  |  |
Debt Covenant, Minimum Consolidated Net Worth Calculation, Base Value |  |  |  |  |  |  |  |  |  | 800,000 |  |  |  |  |  |  |  | 800,000 |  |  |
Debt Covenant, Minimum Consolidated Net Worth Calculation, Percentage of Net Income |  |  |  |  |  |  |  |  |  | 50.00% |  |  |  |  |  |  |  | 50.00% |  |  |
Debt Covenant, Minimum Consolidated Net Worth Calculation, Percentage of Net Proceeds of Issuance of Capital Stock |  |  |  |  |  |  |  |  |  | 50.00% |  |  |  |  |  |  |  |  |  |  |
Debt Covenant, Leverage Ratio, Maximum |  |  |  |  |  |  |  |  |  | 3.5 to 1.0 |  |  |  |  |  |  |  | 3.5 to 1.0 |  |  |
Debt Covenant, Leverage Ratio During Material Acquisition Period, Maximum |  |  |  |  |  |  |  |  |  | 4.0 to 1.0 |  |  |  |  |  |  |  | 4.0 to 1.0 |  |  |
Debt Covenant, Leverage Ratio Next Two Succeeding Fiscal Quarters Following Material Acquisition, Maximum |  |  |  |  |  |  |  |  |  | 3.75 to 1.0 |  |  |  |  |  |  |  |  |  |  |
Deferred financing costs |  |  |  |  |  |  |  | 0 |  |  | 1,651 |  |  | 1,529 |  |  |  |  |  |  |
Repayment of long-term debt | 300,000 | 41,875 | 33,365 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Accelerated amortization of debt financing costs recognized as interest expense | 1,014 | 1,045 | 1,074 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 128 |  |
Outstanding borrowings | 210,000 |  |  |  | 0 | 0 |  |  | 210,000 | 210,000 | 0 |  |  |  | 0 |  |  |  |  |  |
Line of Credit Facility, Rationale for Classification as Long-term Debt |  | Woodward classified the $200,000 outstanding on the Line of Credit as long-term as of September 30, 2013 based on its intention to refinance in fiscal year 2014 |  |  |  |  |  | Woodward classified the $200,000 outstanding on the Line of Credit as long-term as of September 30, 2013 based on its intention to refinance in fiscal year 2014. |  |  |  |  |  |  |  |  |  |  |  |  |
Deferred Finance Costs, Gross |  |  |  |  |  |  |  | 0 |  |  | 1,651 |  |  | 1,529 |  |  |  |  |  |  |
Line of Credit Facility, Remaining Borrowing Capacity | 421,699 |  |  |  | 9,235 | 27,872 |  |  | 384,592 |  |  |  |  |  |  |  |  |  |  |  |
Additional borrowing availability | 421,699 |  |  |  | 9,235 | 27,872 |  |  | 384,592 |  |  |  |  |  |  |  |  |  |  |  |
Long-term debt, excluding current portion | 710,000 | 450,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and Cash Equivalents, at Carrying Value | 115,287 | 48,556 | 61,829 | 74,539 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents | 115,287 | 48,556 | 61,829 | 74,539 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of Financing Costs | $ 1,014 | $ 1,045 | $ 1,074 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ 128 |  |

X
- Definition Amount of noncash expense included in interest expense to issue debt and obtain financing associated with the related debt instruments. Alternate captions include noncash interest expense. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3602-108585 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.8) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 8 -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 8 -Article 9 + Details
Name: | us-gaap_AmortizationOfFinancingCosts
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Cash -URI http://asc.fasb.org/extlink&oid=6506951 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Cash Equivalents -URI http://asc.fasb.org/extlink&oid=6507016 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 1 -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.1) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6676-107765 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3044-108585 + Details
Name: | us-gaap_CashAndCashEquivalentsAtCarryingValue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition The reference rate for the variable rate of the debt instrument, such as LIBOR or the US Treasury rate and the maturity of the reference rate used, such as three months or six months LIBOR. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentDescriptionOfVariableRateBasis
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition For an unclassified balance sheet, the amount as of the balance sheet date of capitalized costs associated with the issuance of debt instruments (for example, legal, accounting, underwriting, printing, and registration costs) that will be charged against earnings over the life of the debt instruments to which such costs pertain. Such amount is before the consideration of accumulated amortization. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28555-108399 + Details
Name: | us-gaap_DeferredFinanceCostsGross
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Date the credit facility terminates, in CCYY-MM-DD format. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 22 -Article 5 + Details
Name: | us-gaap_LineOfCreditFacilityExpirationDate1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:dateItemType
Balance Type: | na
Period Type: | duration

X
- Definition Fair value of the amount outstanding under the credit facility. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 10 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=35750535&loc=d3e13433-108611 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=35750535&loc=d3e13476-108611 + Details
Name: | us-gaap_LineOfCreditFacilityFairValueOfAmountOutstanding
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Date the credit facility first became available, in CCYY-MM-DD format. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 22 -Article 5 + Details
Name: | us-gaap_LineOfCreditFacilityInitiationDate1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:dateItemType
Balance Type: | na
Period Type: | duration

X
- Definition The effective interest rate at the end of the reporting period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 22 -Article 5 + Details
Name: | us-gaap_LineOfCreditFacilityInterestRateAtPeriodEnd
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 22 -Article 5 + Details
Name: | us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Justification for treatment of borrowings under the line of credit as noncurrent. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_LineOfCreditFacilityRationaleForClassificationAsLongTermDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 22 -Article 5 + Details
Name: | us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Carrying amount of long-term debt, net of unamortized discount or premium, excluding amounts to be repaid within one year or the normal operating cycle, if longer (current maturities). Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 + Details
Name: | us-gaap_LongTermDebtNoncurrent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 15 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3291-108585 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Financing Activities -URI http://asc.fasb.org/extlink&oid=6513228 + Details
Name: | us-gaap_RepaymentsOfLongTermDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The base value in the caculation of the minimum consolidated net worth of the Company for debt covenant compliance. The calculation of net worth is the base value, plus XX% of net income for any fiscal year and XX% of the net proceeds of certain issuances of capital stock. + References No definition available. + Details
Name: | wwd_DebtCovenantMinimumConsolidatedNetWorthCalculationBaseValue
Namespace Prefix: | wwd_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The percentage of net income used in the calculation of the minimum consolidated net worth of the Company for debt covenant compliance. The calculation of net worth is the base value, plus XX% of net income for any fiscal year and XX% of the net proceeds of certain issuances of capital stock. + References No definition available. + Details
Name: | wwd_DebtCovenantMinimumConsolidatedNetWorthCalculationPercentageOfNetIncome
Namespace Prefix: | wwd_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition The percentage of net proceeds of certain issuances of capital stock used in the calculation of the minimum consolidated net worth of the Company for debt covenant compliance. The calculation of net worth is the base value, plus XX% of net income for any fiscal year and XX% of the net proceeds of certain issuances of capital stock. + References No definition available. + Details
Name: | wwd_DebtCovenantMinimumConsolidatedNetWorthCalculationPercentageOfNetProceedsOfIssuanceOfCapitalStock
Namespace Prefix: | wwd_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition The maximum value of the Company’s ratio of consolidated net debt to consolidated earnings before interest, taxes, depreciation, amortization, and stock-based compensation, plus any unusual non-cash charges to the extent deducted in computing net income minus any unusual non-cash gains to the extent added in computing net income (leverage ratio) required for financial covenant compliance during a material acquisition period. + References No definition available. + Details
Name: | wwd_DebtCovenantRatioOfConsolidatedNetDebtToDebtCovenantEbitdaDuringMaterialAcquisitionPeriodMaximum
Namespace Prefix: | wwd_
Data Type: | us-types:durationStringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The maximum value of the Company’s ratio of consolidated net debt to consolidated earnings before interest, taxes, depreciation, amortization, and stock-based compensation, plus any unusual non-cash charges to the extent deducted in computing net income minus any unusual non-cash gains to the extent added in computing net income (leverage ratio) required for financial covenant compliance. + References No definition available. + Details
Name: | wwd_DebtCovenantRatioOfConsolidatedNetDebtToDebtCovenantEbitdaMaximum
Namespace Prefix: | wwd_
Data Type: | us-types:durationStringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The maximum value of the Company’s ratio of consolidated net debt to consolidated earnings before interest, taxes, depreciation, amortization, and stock-based compensation, plus any unusual non-cash charges to the extent deducted in computing net income minus any unusual non-cash gains to the extent added in computing net income (leverage ratio) required for financial covenant compliance during the next two succeeding fiscal quarters following a material acquisition. + References No definition available. + Details
Name: | wwd_DebtCovenantRatioOfConsolidatedNetDebtToDebtCovenantEbitdaNextTwoSucceedingFiscalQuartersFollowingMaterialAcquisitionMaximum
Namespace Prefix: | wwd_
Data Type: | xbrli:normalizedStringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The revolving credit facility agreement contains contains customary events of default including certain cross default provisions related to the Company’s other outstanding debt arrangements in excess of this amount, the occurrence of which would permit the lenders to accelerate the amounts due thereunder. + References No definition available. + Details
Name: | wwd_LineOfCreditFacilityCovenantTermsCrossDefaultProvision
Namespace Prefix: | wwd_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Maximum borrowing capacity under the credit facility that the borrower has the option to increase to subject to lenders' participation. + References No definition available. + Details
Name: | wwd_LineOfCreditFacilityOptionToIncreaseMaximumBorrowingCapacity
Namespace Prefix: | wwd_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant