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Retirement Benefits (Tables)
9 Months Ended
Jun. 30, 2022
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Amount of Expense Associated with Defined Contribution Plans

The amount of expense associated with defined contribution plans was as follows:

 

 

Three-Months Ended June 30,

 

 

Nine-Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Company costs

 

$

10,132

 

 

$

8,647

 

 

$

30,582

 

 

$

25,180

 

 

Schedule of Estimated Remaining Cash Contributions Woodward estimates its remaining cash contributions in fiscal year 2022 will be as follows:

Retirement pension benefits:

 

 

 

 

United States

 

$

 

United Kingdom

 

 

332

 

Japan

 

 

 

Germany

 

 

201

 

Other postretirement benefits

 

 

1,420

 

 

 

Defined Benefit Pension Plan [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Net Periodic Benefit Costs

The components of the net periodic retirement pension costs recognized are as follows:

 

 

Three-Months Ended June 30,

 

 

 

United States

 

 

Other Countries

 

 

Total

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Service cost

 

$

389

 

 

$

433

 

 

$

573

 

 

$

737

 

 

$

962

 

 

$

1,170

 

Interest cost

 

 

1,320

 

 

 

1,240

 

 

 

395

 

 

 

345

 

 

 

1,715

 

 

 

1,585

 

Expected return on plan assets

 

 

(2,713

)

 

 

(3,536

)

 

 

(596

)

 

 

(632

)

 

 

(3,309

)

 

 

(4,168

)

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net actuarial loss

 

 

65

 

 

 

136

 

 

 

136

 

 

 

237

 

 

 

201

 

 

 

373

 

Prior service cost

 

 

246

 

 

 

242

 

 

 

6

 

 

 

6

 

 

 

252

 

 

 

248

 

Net periodic retirement pension (benefit) cost

 

$

(693

)

 

$

(1,485

)

 

$

514

 

 

$

693

 

 

$

(179

)

 

$

(792

)

Contributions paid

 

$

 

 

$

 

 

$

434

 

 

$

490

 

 

$

434

 

 

$

490

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine-Months Ended June 30,

 

 

 

United States

 

 

Other Countries

 

 

Total

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Service cost

 

$

1,166

 

 

$

1,297

 

 

$

1,803

 

 

$

2,202

 

 

$

2,969

 

 

$

3,499

 

Interest cost

 

 

3,961

 

 

 

3,718

 

 

 

1,243

 

 

 

1,021

 

 

 

5,204

 

 

 

4,739

 

Expected return on plan assets

 

 

(8,140

)

 

 

(10,608

)

 

 

(1,881

)

 

 

(1,859

)

 

 

(10,021

)

 

 

(12,467

)

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net actuarial loss

 

 

194

 

 

 

406

 

 

 

428

 

 

 

699

 

 

 

622

 

 

 

1,105

 

Prior service cost

 

 

736

 

 

 

727

 

 

 

18

 

 

 

18

 

 

 

754

 

 

 

745

 

Net periodic retirement pension (benefit) cost

 

$

(2,083

)

 

$

(4,460

)

 

$

1,611

 

 

$

2,081

 

 

$

(472

)

 

$

(2,379

)

Contributions paid

 

$

 

 

$

 

 

$

1,933

 

 

$

1,708

 

 

$

1,933

 

 

$

1,708

 

 

Other Postretirement Benefit Plans [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Net Periodic Benefit Costs

The components of the net periodic other postretirement benefit costs recognized are as follows:

 

 

Three-Months Ended June 30,

 

 

Nine-Months Ended June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Service cost

 

$

1

 

 

$

 

 

$

1

 

 

$

1

 

Interest cost

 

 

144

 

 

 

150

 

 

 

433

 

 

 

449

 

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net actuarial (gain) loss

 

 

(24

)

 

 

7

 

 

 

(71

)

 

 

22

 

Prior service cost

 

 

 

 

 

 

 

 

 

 

 

1

 

Net periodic other postretirement cost

 

$

121

 

 

$

157

 

 

$

363

 

 

$

473

 

Contributions paid

 

$

451

 

 

$

632

 

 

$

1,379

 

 

$

1,610