Other Liabilities

12 Months Ended

Sep. 30, 2015

Note 14. Other liabilities



	At September 30,
	2015		2014
Net accrued retirement benefits, less amounts recognized within accrued liabilities	$	55,259	$	38,850
Total unrecognized tax benefits, net of offsetting adjustments		15,394		14,707
Acquired performance obligations and unfavorable contracts (1)		4,656		12,792
Deferred economic incentives (2)		19,163		18,408
Other		21,718		16,454
	$	116,190	$	101,211

(1)

For more information about acquired performance obligations and unfavorable contracts, see Note 4, Joint ventures and business acquisitions, under the section Business acquisition. The long-term portion of both obligations is included in “Other liabilities” as of September 30, 2014. As of September 30, 2015, “Other liabilities” includes the long-term portion of the acquired unfavorable contracts as only a current portion of the acquired performance obligations remains.

(2)

Woodward receives certain economic incentives from various state and local authorities related to capital expansion projects. Such amounts are initially recorded as deferred credits and will be recognized as a reduction to non-income tax expense over the economic lives of the related capital expansion projects.