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Financial Instruments and Fair Value Measurements (Tables)

12 Months Ended

Sep. 30, 2020

Fair Value Disclosures [Abstract]

Financial Assets and Liabilities that are Measured at Fair Value on a Recurring Basis

The table below presents information about Woodward’s financial assets and liabilities that are measured at fair value on a recurring basis and indicates the fair value hierarchy of the valuation techniques Woodward utilized to determine such fair value.

		At September 30, 2020																At September 30, 2019
		Level 1				Level 2				Level 3				Total				Level 1				Level 2				Level 3				Total
Financial assets:
Cash		$	112,817			$	—			$	—			$	112,817			$	52,971			$	—			$	—			$	52,971
Investments in reverse repurchase agreements			—				—				—				—				886				—				—				886
Investments in term deposits with foreign banks			40,453				—				—				40,453				45,216				—				—				45,216
Equity securities			25,381				—				—				25,381				20,504				—				—				20,504
Cross currency interest rate swaps			—				—				—				—				—				24,758				—				24,758
Total financial assets		$	178,651			$	—			$	—			$	178,651			$	119,577			$	24,758			$	—			$	144,335
Financial liabilities:
Cross currency interest rate swaps		$	—			$	51,387			$	—			$	51,387			$	—			$	—			$	—			$	—
Total financial liabilities		$	—			$	51,387			$	—			$	51,387			$	—			$	—			$	—			$	—

Estimated Fair Values of Financial Instruments

The estimated fair values and carrying costs of other financial instruments that are not required to be remeasured at fair value in the Consolidated Balance Sheets were as follows

				At September 30, 2020								At September 30, 2019
		Fair Value Hierarchy Level		Estimated Fair Value				Carrying Cost				Estimated Fair Value				Carrying Cost
Assets:
Notes receivable from municipalities		2		$	13,413			$	11,846			$	13,100			$	12,346
Note receivable from sale of disposal group		2			6,341				6,061				—				—
Investments in short-term time deposits		2			13,678				13,671				13,468				13,509
Liabilities:
Long-term debt		2		$	935,610			$	840,654			$	928,618			$	867,377

X

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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X

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=121572278&loc=d3e13467-108611

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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