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Supplemental Quarterly Financial Data (Unaudited) | 12 Months Ended
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Sep. 30, 2016
Quarterly Financial Information Disclosure |
Supplemental Quarterly Financial Data (Unaudited) | Note 21. Supplemental quarterly financial data (Unaudited) Quarterly results for the fiscal years ended September 30, 2016 and September 30, 2015 follow: ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |
﻿ | 2016 Fiscal Quarters
﻿ | First (1) |  | Second |  | Third |  | Fourth
﻿Net sales | $ | 445,110 |  | $ | 479,382 |  | $ | 507,664 |  | $ | 590,922
﻿Gross margin (2) |  | 111,733 |  |  | 133,243 |  |  | 136,942 |  |  | 165,620
﻿Earnings before income taxes |  | 27,956 |  |  | 54,366 |  |  | 63,408 |  |  | 80,756
﻿Net earnings |  | 25,820 |  |  | 40,824 |  |  | 51,047 |  |  | 63,147
﻿Earnings per share |  |  |  |  |  |  |  |  |  |  |
﻿Basic earnings per share |  | 0.41 |  |  | 0.66 |  |  | 0.83 |  |  | 1.03
﻿Diluted earnings per share |  | 0.40 |  |  | 0.65 |  |  | 0.81 |  |  | 0.99
﻿Cash dividends per share |  | 0.10 |  |  | 0.11 |  |  | 0.11 |  |  | 0.11
﻿ |  |  |  |  |  |  |  |  |  |  |
﻿ | 2015 Fiscal Quarters
﻿ | First |  | Second |  | Third |  | Fourth
﻿Net sales | $ | 487,646 |  | $ | 493,222 |  | $ | 494,810 |  | $ | 562,625
﻿Gross margin (2) |  | 143,886 |  |  | 137,620 |  |  | 143,389 |  |  | 159,690
﻿Earnings before income taxes |  | 57,072 |  |  | 57,591 |  |  | 57,559 |  |  | 68,727
﻿Net earnings |  | 43,784 |  |  | 43,855 |  |  | 43,753 |  |  | 50,060
﻿Earnings per share |  |  |  |  |  |  |  |  |  |  |
﻿Basic earnings per share |  | 0.67 |  |  | 0.67 |  |  | 0.68 |  |  | 0.79
﻿Diluted earnings per share |  | 0.66 |  |  | 0.66 |  |  | 0.66 |  |  | 0.77
﻿Cash dividends per share |  | 0.08 |  |  | 0.10 |  |  | 0.10 |  |  | 0.10
Notes:
| 1. |  | Results for the first quarter of fiscal year 2016 include special charges totaling approximately $16,100 related to Woodward's efforts to consolidate facilities, reduce costs and address current market conditions.
| 2. |  | Gross margin represents net sales less cost of goods sold excluding amortization expense.
﻿ Quarterly results by segment for the fiscal years ended September 30, 201 6 and September 30, 201 5 follow: ﻿
﻿ |  |  |  |  |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |  |  |  |  |
﻿ | 2016 Fiscal Quarters
﻿ | First |  | Second |  | Third |  | Fourth
﻿Segment external net sales: |  |  |  |  |  |  |  |  |  |  |
﻿Aerospace | $ | 268,599 |  | $ | 290,690 |  | $ | 308,582 |  | $ | 365,305
﻿Industrial |  | 176,511 |  |  | 188,692 |  |  | 199,082 |  |  | 225,617
﻿Total | $ | 445,110 |  | $ | 479,382 |  | $ | 507,664 |  | $ | 590,922
﻿Segment earnings: |  |  |  |  |  |  |  |  |  |  |
﻿Aerospace | $ | 43,486 |  | $ | 50,578 |  | $ | 57,726 |  | $ | 80,376
﻿Industrial |  | 21,551 |  |  | 19,469 |  |  | 21,963 |  |  | 19,254
﻿Total | $ | 65,037 |  | $ | 70,047 |  | $ | 79,689 |  | $ | 99,630
﻿Earnings reconciliation: |  |  |  |  |  |  |  |  |  |  |
﻿Total segment earnings | $ | 65,037 |  | $ | 70,047 |  | $ | 79,689 |  | $ | 99,630
﻿Nonsegment expenses (1) |  | (30,620) |  |  | (9,888) |  |  | (10,369) |  |  | (12,289)
﻿Interest expense, net |  | (6,461) |  |  | (5,793) |  |  | (5,912) |  |  | (6,585)
﻿Consolidated earnings before income taxes | $ | 27,956 |  | $ | 54,366 |  | $ | 63,408 |  | $ | 80,756
﻿ |  |  |  |  |  |  |  |  |  |  |
﻿ | 2015 Fiscal Quarters
﻿ | First |  | Second |  | Third |  | Fourth
﻿Segment external net sales: |  |  |  |  |  |  |  |  |  |  |
﻿Aerospace | $ | 255,770 |  | $ | 281,426 |  | $ | 288,480 |  | $ | 335,207
﻿Industrial |  | 231,876 |  |  | 211,796 |  |  | 206,330 |  |  | 227,418
﻿Total | $ | 487,646 |  | $ | 493,222 |  | $ | 494,810 |  | $ | 562,625
﻿Segment earnings: |  |  |  |  |  |  |  |  |  |  |
﻿Aerospace | $ | 35,793 |  | $ | 45,628 |  | $ | 46,362 |  | $ | 59,964
﻿Industrial |  | 39,268 |  |  | 27,224 |  |  | 30,619 |  |  | 29,530
﻿Total | $ | 75,061 |  | $ | 72,852 |  | $ | 76,981 |  | $ | 89,494
﻿Earnings reconciliation: |  |  |  |  |  |  |  |  |  |  |
﻿Total segment earnings | $ | 75,061 |  | $ | 72,852 |  | $ | 76,981 |  | $ | 89,494
﻿Nonsegment expenses |  | (12,167) |  |  | (10,153) |  |  | (13,564) |  |  | (13,478)
﻿Interest expense, net |  | (5,822) |  |  | (5,108) |  |  | (5,858) |  |  | (7,289)
﻿Consolidated earnings before income taxes | $ | 57,072 |  | $ | 57,591 |  | $ | 57,559 |  | $ | 68,727
Notes:
| 1. |  | The r esults for Nonsegement expenses for the first quarter of fiscal year 2016 include special charges totaling approximately $16,100 related to Woodward's efforts to consolidate facilities, reduce costs and address current market conditions.
﻿

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