Financial Instruments and Fair Value Measurements (Tables)

9 Months Ended

Jun. 30, 2020

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

The table below presents information about Woodward’s financial assets 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 June 30, 2020								At September 30, 2019
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Financial assets:
Cash	$	52,577	$	—	$	—	$	52,577	$	52,971	$	—	$	—	$	52,971
Investments in reverse repurchase agreements		—		—		—		—		886		—		—		886
Investments in term deposits with foreign banks		48,786		—		—		48,786		45,216		—		—		45,216
Equity securities		23,939		—		—		23,939		20,504		—		—		20,504
Cross-currency interest rate swaps		—		—		—		—		—		24,758		—		24,758
Total financial assets	$	125,302	$	—	$	—	$	125,302	$	119,577	$	24,758	$	—	$	144,335

Financial liabilities:
Cross-currency interest rate swaps	$	—	$	25,440	$	—	$	25,440	$	—	$	—	$	—	$	—
Total financial liabilities	$	—	$	25,440	$	—	$	25,440	$	—	$	—	$	—	$	—

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 Condensed Consolidated Balance Sheets were as follows:

		At June 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	$	13,291	$	12,238	$	13,100	$	12,346
Note receivable from sale of disposal group	2		6,317		6,015		—		—
Investments in short-term time deposits	2		13,275		13,316		13,468		13,509
Liabilities:
Long-term debt	2	$	923,159	$	833,036	$	928,618	$	867,377