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Accrued Liabilities
 3 Months Ended
Dec. 31, 2013
Accrued Liabilities  
Accrued Liabilities

Note 13.  Accrued liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

September 30,

 

2013

 

2013

Salaries and other member benefits

$
29,276 

 

$
66,212 

Warranties

 
16,236 

 

 
15,224 

Interest payable

 
5,897 

 

 
11,437 

Current portion of acquired performance obligations and unfavorable contracts (1)

 
23,827 

 

 
23,977 

Accrued retirement benefits

 
2,269 

 

 
2,276 

Deferred revenues

 
6,047 

 

 
6,304 

Taxes, other than income

 
7,918 

 

 
6,504 

Other 

 
27,239 

 

 
29,807 

 

$
118,709 

 

$
161,741 

(1)

For more information about acquired performance obligations and unfavorable contracts, see Note 4, Business acquisitions.

 

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:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three-Months Ended December 31,

 

 

2013

 

 

2012

Warranties, beginning of period

$
15,224 

 

$
15,742 

Expense

 
2,520 

 

 
2,129 

Increases due to acquisition of Duarte Business

 

 -

 

 
157 

Reductions for settling warranties

 
(1,703)

 

 
(2,776)

Foreign currency exchange rate changes 

 
195 

 

 
161 

Warranties, end of period

$
16,236 

 

$
15,413