XML 62 R50.htm IDEA: XBRL DOCUMENT v3.10.0.1

Stockholders' Equity (Tables)

3 Months Ended

Dec. 31, 2018

Stock Options [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Assumptions Used in Estimate of Fair Value of Stock Option Awards



	Three-Months Ended
	December 31,
	2018						2017
Weighted-average exercise price per share		79.79						78.97
Weighted-average grant date market value of Woodward stock		79.79						78.97
Expected term (years)		6.5	-	8.7				6.4	-	8.7
Estimated volatility		25.7%	-	31.0%				30.3%	-	32.7%
Estimated dividend yield		0.7%	-	0.8%				0.6%
Risk-free interest rate		2.7%	-	3.1%				2.1%	-	2.3%



Summary of Activity for Stock Option Awards



		Three-Months Ended
		December 31, 2018
		Number of options			Weighted-Average Exercise Price per Share
Options, beginning balance			5,611		$	45.42
Options granted			674			79.79
Options exercised			(107)			31.48
Options forfeited			(5)			70.65
Options, ending balance			6,173			49.40



Changes in Non-vested Stock Options



		Three-Months Ended
		December 31, 2018
		Number of options			Weighted-Average Grant Date Fair Value per Share
Non-vested options outstanding, beginning balance			1,988		$	21.64
Options granted			674			24.59
Options vested			(795)			19.78
Options forfeited			(5)			23.87
Non-vested options outstanding, ending balance			1,862			23.50



Stock Options Vested, or Expected to Vest and Exercisable



		Number			Weighted- Average Exercise Price			Weighted- Average Remaining Life in Years			Aggregate Intrinsic Value
Options outstanding			6,173		$	49.40			5.8		$	160,762
Options vested and exercisable			4,310			40.19			4.6			147,826
Options vested and expected to vest			6,074			48.99			5.8			160,384



Restricted Stock Units (RSUs) [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Summary of Activity for Restricted Stock Units



		Three-Months Ended
		December 31, 2018
			Number			Fair Value per Share
Beginning balance			10		$	82.71
Shares granted			-			n/a
Shares vested			-			n/a
Shares forfeited			-			n/a
Ending balance			10			82.71



X

- Definition

Tabular disclosure of the changes in outstanding nonvested shares.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(2)
-URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfNonvestedShareActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in stock options.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfStockOptionsRollForwardTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

Name:	us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of number, weighted-average exercise price or conversion ratio, aggregate intrinsic value, and weighted-average remaining contractual term for outstanding and exercisable options that are fully vested and expected to vest. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901

+ Details

Name:	us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAndExercisableTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_AwardTypeAxis=us-gaap_RestrictedStockUnitsRSUMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: