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Segment Information (Summary of Consolidated Net Sales and Earnings by Segment) (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2018
Segment Reporting Information [Line Items]                      
Consolidated net sales $ 531,264 $ 523,826 $ 720,220 $ 720,355 $ 736,537 $ 752,005 $ 758,844 $ 652,811 $ 2,495,665 $ 2,900,197 $ 2,325,873
Interest Expense, net (8,885) (8,360) (8,280) (8,522) (9,444) (10,451) (11,186) (11,507) (34,047) (42,588) (38,791)
Consolidated earnings before income taxes 68,118 [1],[2],[3],[4] 45,016 [1],[2],[3],[4] 107,199 [1],[2],[3],[4] 61,548 [1],[2],[3],[4] 76,615 [5],[6],[7] 92,314 [5],[6],[7] 90,168 [5],[6],[7] 61,515 [5],[6],[7] 281,881 320,612 219,578
Aerospace [Member]                      
Segment Reporting Information [Line Items]                      
Consolidated net sales 336,308 306,494 474,236 473,925 505,904 498,775 482,954 392,887 1,590,963 1,880,520  
Segment earnings (loss) 58,492 41,096 117,638 92,911 111,312 103,238 101,722 72,854      
Industrial [Member]                      
Segment Reporting Information [Line Items]                      
Consolidated net sales 194,956 217,332 245,984 246,430 230,633 [8] 253,230 [8] 275,890 [8] 259,924 [8] 904,702 1,019,677  
Segment earnings (loss) $ 18,681 $ 27,438 $ 25,972 $ 28,230 $ 10,984 [8] $ 26,240 [8] $ 27,128 [8] $ 29,169 [8]      
Operating Segments [Member] | Aerospace [Member]                      
Segment Reporting Information [Line Items]                      
Consolidated net sales                 1,590,963 1,880,520 1,557,988
Segment earnings (loss)                 310,137 389,126 308,553
Operating Segments [Member] | Industrial [Member]                      
Segment Reporting Information [Line Items]                      
Consolidated net sales                 904,702 1,019,677 767,885
Segment earnings (loss)                 100,321 93,521 49,894
Unallocated Corporate [Member]                      
Segment Reporting Information [Line Items]                      
Segment earnings (loss) [9]                 $ (94,530) $ (119,447) $ (100,078)
[1]

 

2.

Associated with our decision to relocate our Duarte, California operations to the newly renovated Drake Campus in Fort Collins, Colorado, we closed on the sale of our Duarte real property and recorded a pre-tax gain on sale of assets in the amount of $13,522 in the first quarter of fiscal year 2020 and $8,801 in the fourth quarter of fiscal year 2020.

[2]

 

5.

In the third quarter of fiscal year 2020, as a result of the COVID-19 pandemic and future cash flow uncertainties, Woodward elected to terminate and settle its existing cross-currency interest rate swap derivative instruments.  Concurrent with settlement of the derivative instruments, Woodward discontinued the related foreign currency hedging relationships associated with the instruments.  As a result of the termination of the instruments, and related hedging relationships, a pre-tax gain of $30,481 and swap breakage fee of $3,000 were recorded.

[3] In the first quarter of fiscal year 2020, Woodward approved a plan to divest the disposal group, which resulted in the recognition of the associated assets and liabilities as held for sale.  Concurrently, Woodward determined that the assets held for sale, net of any liabilities held for sale, were impaired and recognized a non-cash impairment charge of $37,902, representing the write down of the associated net assets held for sale to their fair market value as of December 31, 2019.
[4] Results in the third and fourth quarter of fiscal year 2020 include pre-tax restructuring charges totaling $19,040 and $3,176, respectively, which relate to the Company’s response to the ongoing global economic challenges resulting from the COVID-19 pandemic and its impact on the Company’s business.
[5] Results for the first through fourth quarters of fiscal year 2019 include, pre-tax Duarte move related costs of $6,963, $9,161, $7,035, and $3,930, respectively.    
[6] Results for the first through third quarters of fiscal year 2019 include pre-tax non-cash charges of $9,511, $8,985, $2,604, respectively. These costs are associated with the purchase accounting impacts related to the revaluation of the L’Orange inventory recognized in cost of goods sold and the amortization of the backlog intangible.
[7] Results for the fourth quarter of fiscal year 2019 include pre-tax, non-cash charges of $12,601 related to the impairment of receivables, inventory and certain other assets in connection with Senvion, a significant customer of Woodward renewables business, which declared insolvency in fiscal year 2019.
[8] Industrial segment earnings for the first through third quarters of fiscal year 2019 include pre-tax non-cash charges of $9,511, $8,985, $2,604, respectively.  These costs are associated with the purchase accounting impacts related to the revaluation of the L’Orange inventory recognized in cost of goods sold and the amortization of the backlog intangible.
[9]

Nonsegment expenses for the fiscal year ended September 30, 2020 and September 30, 2018 includes restructuring charges of $22,216 and $17,013, respectively.  See Note 17, Accrued liabilities for further details.