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Joint Venture (Tables) | 9 Months Ended
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Jun. 30, 2023
Equity Method Investments And Joint Ventures [Abstract] |
Unamortized Deferred Revenue from JV | Unamortized deferred revenue from material rights in connection with the JV formation included:
|  | June 30, 2023 |  |  | September 30, 2022 |
Accrued liabilities |  | $ | 6,049 |  |  | $ | 5,754 |
Other liabilities |  |  | 235,686 |  |  |  | 234,516 |
Other Income Related JV | Other income related to Woodward’s equity interest in the earnings of the JV was as follows:
|  | Three Months Ended June 30, |  |  | Nine Months Ended June 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Other income |  | $ | 8,836 |  |  | $ | 3,860 |  |  | $ | 21,877 |  |  | $ | 12,675 |
Cash Distribution from JV | Cash distributions to Woodward from the JV, recognized in “Other, net” in “Net cash provided by operating activities” on the Condensed Consolidated Statements of Cash Flows, were as follows:
|  | Three Months Ended June 30, |  |  | Nine Months Ended June 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Cash distributions |  | $ | 9,000 |  |  | $ | 4,000 |  |  | $ | 19,000 |  |  | $ | 13,000 |
Net Sales to the JV | Net sales to the JV were as follows:
|  | Three Months Ended June 30, |  |  | Nine Months Ended June 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Net sales 1 |  | $ | 11,568 |  |  | $ | 6,698 |  |  | $ | 25,365 |  |  | $ | 19,245 |
(1) Net sales included a reduction of $14,396 for the three months and $34,854 for the nine months ended June 30, 2023 related to royalties owed to the JV by Woodward on sales by Woodward directly to third party aftermarket customers, compared to a reduction to sales of $7,912 for the three months and $21,058 for the nine months ended June 30, 2022.
Accounts Receivable, Accounts Payable, and Other Assets Related to JV | The Condensed Consolidated Balance Sheets include “Accounts receivable” related to amounts the JV owed Woodward, “Accounts payable” related to amounts Woodward owed the JV, and “Other assets” related to Woodward’s net investment in the JV, as follows:
|  | June 30, 2023 |  |  | September 30, 2022 |
Accounts receivable |  | $ | 6,756 |  |  | $ | 4,172 |
Accounts payable |  |  | 5,092 |  |  |  | 4,069 |
Other assets |  |  | 11,059 |  |  |  | 8,181 |

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