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Joint Venture (Tables) | 12 Months Ended
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Sep. 30, 2024
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:
|  | September 30, 2024 |  |  | September 30, 2023 |
Accrued liabilities |  | $ | 6,580 |  |  | $ | 6,147 |
Other liabilities |  |  | 232,164 |  |  |  | 233,997 |
Other Income Related JV | Other income related to Woodward’s equity interest in the earnings of the JV was as follows:
|  | For the Year Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Other income |  | $ | 41,191 |  |  | $ | 36,846 |  |  | $ | 18,193 |
Cash Distribution from JV | Cash distributions to Woodward from the JV, recognized in net cash provided by operating activities on the Consolidated Statements of Cash Flows, include:
|  | Year Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Cash distributions |  | $ | 38,000 |  |  | $ | 29,000 |  |  | $ | 17,000 |
Net Sales to the JV | Net sales to the JV were as follows:
|  | For the Year Ended September 30, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Net sales 1 |  | $ | 80,708 |  |  | $ | 47,607 |  |  | $ | 28,100 |
(1) Net sales include a reduction of $63,794 for the fiscal year ended September 30, 2024, $49,624 for the fiscal year ended September 30, 2023, and $28,054 for the fiscal year ended September 30, 2022 related to royalties owed to the JV by Woodward on sales by Woodward directly to third party aftermarket customers.
Accounts Receivable, Accounts Payable, and Other Assets Related to JV | The 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:
|  | September 30, 2024 |  |  | September 30, 2023 |
Accounts receivable |  | $ | 5,205 |  |  | $ | 3,666 |
Accounts payable |  |  | 11,378 |  |  |  | 6,276 |
Other assets |  |  | 19,219 |  |  |  | 16,028 |
Contract Liabilities and Costs to Fulfill a Contract | Contract liabilities and costs to fulfill a contract was as follows:
|  | September 30, 2024 |  |  | September 30, 2023 |
Contract liabilities |  | $ | 78,226 |  |  | $ | 84,059 |
Costs to fulfill a contract |  |  | 78,226 |  |  |  | 84,059 |

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- References No definition available. + Details
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- Definition Tabular disclosure of contractual obligation or group of similar obligations with joint and several liability for which the total amount of the obligation is fixed, including but not limited to, debt arrangements, settled litigation, and judicial rulings. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 405 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477092/405-40-50-1 + Details
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- Definition Joint Venture Cash Distributions [Table Text Block] + References No definition available. + Details
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- Definition Joint Venture Net Sales [Table Text Block] + References No definition available. + Details
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