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Leases (Tables) | 6 Months Ended
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Mar. 31, 2021
Leases [Abstract] |
Lease-Related Assets and Liabilities | Lease-related assets and liabilities follows:
|  | Classification on the Condensed Consolidated Balance Sheets |  | March 31, 2021 |  |  | September 30, 2020 |
Assets: |  |  |  |  |  |  |  |  |  |
Operating lease assets |  | Other assets |  | $ | 21,935 |  |  | $ | 18,918 |
Finance lease assets |  | Property, plant and equipment, net |  |  | 970 |  |  |  | 1,201 |
Total lease assets |  |  |  |  | 22,905 |  |  |  | 20,119 |
Current liabilities: |  |  |  |  |  |  |  |  |  |
Operating lease liabilities |  | Accrued liabilities |  |  | 5,280 |  |  |  | 4,925 |
Finance lease liabilities |  | Current portion of long-term debt |  |  | 1,398 |  |  |  | 1,634 |
Noncurrent liabilities: |  |  |  |  |  |  |  |  |  |
Operating lease liabilities |  | Other liabilities |  |  | 17,178 |  |  |  | 14,569 |
Finance lease liabilities |  | Long-term debt, less current portion |  |  | 620 |  |  |  | 1,173 |
Total lease liabilities |  |  |  | $ | 24,476 |  |  | $ | 22,301 |
Lease-Related Expenses | Lease-related expenses were as follows:
|  | Three-Months Ended March 31, |  |  | Six-Months Ended March 31, |
|  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Operating lease expense |  | $ | 1,615 |  |  | $ | 1,532 |  |  | $ | 3,168 |  |  | $ | 3,051 |
Amortization of finance lease assets |  |  | 94 |  |  |  | 101 |  |  |  | 220 |  |  |  | 248 |
Interest on finance lease liabilities |  |  | 17 |  |  |  | 20 |  |  |  | 35 |  |  |  | 40 |
Variable lease expense |  |  | 496 |  |  |  | 288 |  |  |  | 818 |  |  |  | 595 |
Short-term lease expense |  |  | 76 |  |  |  | 162 |  |  |  | 158 |  |  |  | 337 |
Sublease income1 |  |  | (214 | ) |  |  | (200 | ) |  |  | (382 | ) |  |  | (325 | )
Total lease expense |  | $ | 2,084 |  |  | $ | 1,903 |  |  | $ | 4,017 |  |  | $ | 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 | Lease-related supplemental cash flow information was as follows:
|  | Six-Months Ended March 31, 2021 |  |  | Six-Months Ended March 31, 2020 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |
Operating cash flows for operating leases |  | $ | 2,671 |  |  | $ | 2,701 |
Operating cash flows for finance leases |  |  | 35 |  |  |  | 40 |
Financing cash flows for finance leases |  |  | 835 |  |  |  | 787 |
Right-of-use assets obtained in exchange for recorded lease obligations: |  |  |  |  |  |  |  |
Operating leases |  |  | 5,070 |  |  |  | 5,345 |
Finance leases |  |  | 12 |  |  |  | 1,244 |
Property, Plant and Equipment Leased to Others through Embedded Leasing Arrangements | The carrying amount of property, plant and equipment leased to others through embedded leasing arrangements, included in “Property, plant and equipment, net” on the Condensed Consolidated Balance Sheets, follows:
|  | March 31, 2021 |  |  | September 30, 2020 |
Property, plant and equipment leased to others through embedded leasing arrangements |  | $ | 76,995 |  |  | $ | 76,655 |
Less accumulated depreciation |  |  | (32,716 | ) |  |  | (29,819 | )
Property, plant and equipment leased to others through embedded leasing arrangements, net |  | $ | 44,279 |  |  | $ | 46,836 |

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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=121609121&loc=SL77918686-209980 + Details
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