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Leases (Tables) | 6 Months Ended
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Mar. 31, 2020
Leases [Abstract] |
Lease-Related Assets and Liabilities |
|  | Classification on the Condensed Consolidated Balance Sheets |  | March 31, 2020
Assets: |  |  |  |  |
Operating lease assets |  | Other assets |  | $ | 20,507
Finance lease assets |  | Property, plant and equipment, net |  |  | 1,467
Total lease assets |  |  |  |  | 21,974
Current liabilities: |  |  |  |  |
Operating lease liabilities |  | Accrued liabilities |  |  | 4,757
Finance lease liabilities |  | Current portion of long-term debt |  |  | 1,643
Noncurrent liabilities: |  |  |  |  |
Operating lease liabilities |  | Other liabilities |  |  | 15,706
Finance lease liabilities |  | Long-term debt, less current portion |  |  | 1,974
Total lease liabilities |  |  |  | $ | 24,080
Supplemental Lease-Related Information |
|  | March 31, 2020
Weighted average remaining lease term |  |  |  |
Operating leases |  |  | 6.1 | years
Finance leases |  |  | 2.5 | years
Weighted average discount rate |  |  |  |
Operating leases |  |  | 3.4 | %
Finance leases |  |  | 3.0 | %
Lease-Related Expenses |
|  | Three-Months Ended |  | Six-Months Ended
|  | March 31, 2020 |  | March 31, 2020
Operating lease expense |  | $ | 1,532 |  | $ | 3,051
Amortization of financing lease assets |  |  | 101 |  |  | 248
Interest on financing lease liabilities |  |  | 20 |  |  | 40
Variable lease expense |  |  | 288 |  |  | 595
Short-term lease expense |  |  | 162 |  |  | 337
Sublease income 1 |  |  | (200) |  |  | (325)
Total lease expense |  | $ | 1,903 |  | $ | 3,946
1)Relates to two separate subleases Woodward has entered into for a leased manufacturing building in Niles, Illinois.
Lease-Related Supplemental Cash Flow Information |
|  | Six-Months Ended
|  | March 31, 2020
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows for operating leases |  | $ | 2,701
Operating cash flows for finance leases |  |  | 40
Financing cash flows for finance leases |  |  | 787
Right-of-use assets obtained in exchange for recorded lease obligations: |  |  |
Operating leases |  |  | 5,345
Finance leases |  |  | 1,244
Maturities of Lease Liabilities |
Year Ending September 30: |  | Operating Leases |  | Finance Leases
2020 (remaining) |  |  | 2,509 |  |  | 853
2021 |  |  | 5,078 |  |  | 1,687
2022 |  |  | 3,904 |  |  | 738
2023 |  |  | 3,084 |  |  | 325
2024 |  |  | 2,397 |  |  | 137
Thereafter |  |  | 6,184 |  |  | -
Total lease payments |  |  | 23,156 |  |  | 3,740
Less: imputed interest |  |  | (2,693) |  |  | (123)
Total lease obligations |  | $ | 20,463 |  | $ | 3,617
Future Minimum Lease Payments |
Year Ending September 30: |  | Operating Leases |  | Finance Leases
2020 (full twelve months) |  | $ | 6,667 |  | $ | 213
2021 |  |  | 5,119 |  |  | 98
2022 |  |  | 3,823 |  |  | 33
2023 |  |  | 2,899 |  |  | 3
2024 |  |  | 2,378 |  |  | -
Thereafter |  |  | 6,033 |  |  | -
Total minimum lease payments under ASC 840 |  | $ | 26,919 |  | $ | 347
Property, Plant and Equipment Leased to Others through Embedded Leasing Arrangements |
|  | March 31, 2020
Property, plant and equipment leased to others through embedded leasing arrangements |  | $ | 67,941
Less accumulated depreciation |  |  | (25,454)
Property, plant and equipment leased to others through embedded leasing arrangements, net |  | $ | 42,487

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- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980 + Details
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- References No definition available. + Details
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- Definition Lessee, Operating And Finance Lease, Liability, Maturity [Table Text Block] + References No definition available. + Details
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- Definition Tabular disclosure of future minimum capital lease payments as of the date of the latest balance sheet presented, in aggregate and for each of the five years succeeding fiscal years, with separate deductions from the total for the amount representing executor costs, including any profit thereon, included in the minimum lease payments and for the amount of the imputed interest necessary to reduce the net minimum lease payments to present value. And future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. + References No definition available. + Details
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