XML 42 R30.htm IDEA: XBRL DOCUMENT v3.19.1

Segment Information

6 Months Ended

Mar. 31, 2019

Segment Information

Segment Information

Note 22.  Segment information

Woodward serves the aerospace and industrial markets through its two reportable segments - Aerospace and Industrial.  When appropriate, Woodward’s reportable segments are aggregations of Woodward’s operating segments.  Woodward uses operating segment information internally to manage its business, including the assessment of operating segment performance and decisions for the allocation of resources between operating segments.  Woodward L’Orange has been included in Woodward’s Industrial segment results since the Closing.

The accounting policies of the reportable segments are the same as those of the Company.  Woodward evaluates segment profit or loss based on internal performance measures for each segment in a given period.  In connection with that assessment, Woodward generally excludes matters such as certain charges for restructuring, interest income and expense, certain gains and losses from asset dispositions, or other non-recurring and/or non-operationally related expenses. 

A summary of consolidated net sales and earnings by segment follows:





		Three-Months Ended						Six-Months Ended
		March 31,						March 31,
		2019			2018			2019			2018
Segment external net sales:
Aerospace		$	482,954		$	386,343		$	875,841		$	692,248
Industrial			275,890			161,906			535,814			326,149
Total consolidated net sales		$	758,844		$	548,249		$	1,411,655		$	1,018,397
Segment earnings:
Aerospace		$	101,722		$	74,656		$	174,576		$	119,897
Industrial			27,128			10,687			56,297			30,468
Nonsegment expenses			(27,496)			(28,344)			(56,497)			(47,370)
Interest expense, net			(11,186)			(8,352)			(22,693)			(16,861)
Consolidated earnings before income taxes		$	90,168		$	48,647		$	151,683		$	86,134



Segment assets consist of accounts receivable, inventories, property, plant, and equipment, net, goodwill, and other intangibles, net.  A summary of consolidated total assets, consolidated depreciation and amortization and consolidated capital expenditures follows:





















		March 31, 2019			September 30, 2018
Segment assets:
Aerospace		$	1,881,956		$	1,805,892
Industrial			1,669,765			1,642,462
Unallocated corporate property, plant and equipment, net			89,807			102,083
Other unallocated assets			324,421			240,212
Consolidated total assets		$	3,965,949		$	3,790,649





X

- References

No definition available.

+ Details

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

X

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

+ Details

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