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Accrued Liabilities | 6 Months Ended
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Mar. 31, 2018
Accrued Liabilities |
Accrued Liabilities | Note 1 4. Accrued liabilities ﻿ ﻿
﻿ |  |  |  |  |
﻿ |  |  |  |  |
﻿ | March 31, |  | September 30,
﻿ | 2018 |  | 2017
﻿Salaries and other member benefits | $ | 27,986 |  | $ | 91,285
﻿Warranties |  | 13,283 |  |  | 13,597
﻿Interest payable |  | 9,697 |  |  | 9,626
﻿Current portion of acquired performance obligations and unfavorable contracts (1) |  | 1,627 |  |  | 1,627
﻿Accrued retirement benefits |  | 2,379 |  |  | 2,413
﻿Current portion of loss reserve on contractual lease commitments |  | 1,245 |  |  | 1,343
﻿Current portion of deferred income from JV formation (Note 4) |  | 6,427 |  |  | 6,451
﻿Deferred revenues |  | 3,372 |  |  | 4,625
﻿Restructuring charges |  | 17,013 |  |  | -
﻿Taxes, other than income |  | 17,890 |  |  | 14,401
﻿Other |  | 10,523 |  |  | 9,704
﻿ | $ | 111,442 |  | $ | 155,072
﻿
| (1) |  | In connection with Woodward’s acquisition of GE Aviation Systems LLC’s (the “Seller”) thrust reverser actuation systems business located in Duarte, California (the “Duarte 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. In addition, Woodward assumed current and long-term performance obligations for services to be provided to the Seller and others, partially offset by current and long-term assets related to contractual payments due from the Seller. The current portion of both obligations is included in “Accrued liabilities” in the Condensed Consolidated Balance Sheets.
﻿ 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: ﻿ ﻿
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﻿ | Three-Months Ended March 31, |  | Six-Months Ended March 31,
﻿ |  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017
﻿Warranties, beginning of period | $ | 13,017 |  | $ | 15,528 |  | $ | 13,597 |  | $ | 15,993
﻿Expense, net of recoveries |  | 2,334 |  |  | 2,139 |  |  | 304 |  |  | 4,062
﻿Reductions for settling warranties |  | (2,209) |  |  | (2,750) |  |  | (832) |  |  | (4,782)
﻿Foreign currency exchange rate changes |  | 141 |  |  | 124 |  |  | 214 |  |  | (232)
﻿Warranties, end of period | $ | 13,283 |  | $ | 15,041 |  | $ | 13,283 |  | $ | 15,041
﻿ ﻿ ﻿ Loss reserve on contractual lease commitments In connection with the construction of a new production facility in Niles, Illinois, Woodward vacated a leased facility in Skokie, Illinois and recognize d a loss reserve against the estimated remaining contractual lease commitments, less anticipated sublease income. Changes in the loss reserve were as follows: ﻿ ﻿
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﻿ |  |  |  |  |  |  |  |  |  |  |
﻿ | Three-Months Ended March 31, |  | Six-Months Ended March 31,
﻿ |  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017
﻿Loss reserve on contractual lease commitments, beginning of period | $ | 4,717 |  | $ | 8,840 |  | $ | 5,270 |  | $ | 9,242
﻿Payments, net of sublease income |  | (239) |  |  | (445) |  |  | (792) |  |  | (847)
﻿Loss reserve on contractual lease commitments, end of period | $ | 4,478 |  | $ | 8,395 |  | $ | 4,478 |  | $ | 8,395
Other liabilities included $3,233 and $3,927 of accrued loss reserve on contractual lease commitments as of March 31, 2018 and September 30, 2017, respectively, which are not expected to be settled or paid within twelve months of the respective balance sheet date. Restructuring charges In the second quarter of fiscal 2018, the Company recorded restructuring charges totaling $17,013, the majority of which relate to the Company’s decision to relocate its Duarte, California operations to the Company’s newly renovated Drake Campus in Fort Collins, Colorado. The Duarte facility, which manufactures thrust reverser actuation systems, is part of the Company’s Aerospace segment. Included in the $17,013 of restructuring charges for the three and six-months ended March 31, 2018, is $12,504 of workforce management costs associated with the transfer of the business from Duarte to Fort Collins. The remaining restructuring charges recognized in the three and six-months ended March 31, 2018 is $4,509 of workforce management costs related to aligning the Company’s industrial turbomachinery business, which is part of the Company’s Industrial segment, with current market conditions. All of the restructuring charges recorded in the second quarter and first half of fiscal 2018 were recorded as nonsegment expenses. All of the restructuring charges recorded as of March 31, 2018 are expected to be paid within one year of the balance sheet date. In addition to the restructuring charges recognized in the second quarter of fiscal year 2018, the Company anticipates incurring additional costs associated with the Duarte relocation such as expenses associated with equipment relocation, employee training, accelerated depreciation, and increased labor e xpenses over the coming year. The Company anticipate s these additional expenses will vary by quarter, but are expected to be approximately $12,000 in total. Although the Company plans to sell the Duarte facility’s land, building and building improvements, it is currently still occupying the Duarte facility and has recorded these as assets held for use as of March 31, 2018 (see Note 10, Property, plant and equipment).

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- Definition The entire disclosure for accounts payable and accrued liabilities 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(a),20,24) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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