Other Liabilities

6 Months Ended

Mar. 31, 2016

Note 14. Other liabilities



	March 31,		September 30,
	2016		2015
Net accrued retirement benefits, less amounts recognized within accrued liabilities	$	54,224	$	55,259
Noncurrent portion of deferred income from JV formation (1)		241,929		-
Total unrecognized tax benefits, net of offsetting adjustments		15,234		15,394
Acquired unfavorable contracts (2)		3,553		4,656
Deferred economic incentives (3)		18,424		19,163
Loss reserve on contractual lease commitments (4)		7,932		2,464
Other		11,973		19,254
	$	353,269	$	116,190

(1)

See Note 4, Joint venture for more information on the deferred income from JV formation.

(2)

In connection with the Duarte business acquisition in fiscal year 2013, Woodward assumed current and long-term performance obligations for contractual commitments that are expected to result in future economic losses. The long-term portion of the acquired unfavorable contracts is included in Other liabilities.

(3)

Woodward receives certain economic incentives from various state and local authorities related to capital expansion projects. Such amounts are initially recorded as deferred credits and will be recognized as a reduction to non-income tax expense over the economic lives of the related capital expansion projects.

(4)

See Note 13, Accrued liabilites for more information on the loss reserve on contractual lease commitments.