Accrued Liabilities (Tables)

12 Months Ended

Sep. 30, 2017

Accrued Liabilities

Accrued Liabilities

	At September 30,
	2017		2016
Salaries and other member benefits	$	91,285	$	87,197
Warranties		13,597		15,993
Interest payable		9,626		9,071
Current portion of acquired performance obligations and unfavorable contracts (1)		1,627		2,910
Accrued retirement benefits		2,413		2,505
Current portion of loss reserve on contractual lease commitments		1,343		1,840
Current portion of deferred income from JV formation (Note 4)		6,451		6,552
Deferred revenues		4,625		5,779
Taxes, other than income		14,401		14,580
Other		9,704		10,200
	$	155,072	$	156,627

(1) In connection with Woodward’s acquisition of GE Aviation Systems LLC’s (the “Seller”) thrust reverser actuation systems business located in Duarte, California (the “Duarte Acquisition”) in fiscal year 2013, Woodward assumed current and long-term performance obligations for contractual commitments that are expected to result in future economic losses.  In addition, Woodward assumed current and long-term performance obligations for services to be provided to the Seller and others, partially offset by current and long-term assets related to contractual payments due from the Seller.  The current portion of both obligations is included in Accrued liabilities.

Warranties

	Twelve-Months Ended September 30,
	2017		2016		2015
Warranties, beginning of year	$	15,993	$	13,741	$	16,916
Expense, net of recoveries		9,135		9,902		10,117
Reductions for settling warranties		(11,692)		(7,802)		(12,416)
Foreign currency exchange rate changes		161		152		(876)
Warranties, end of year	$	13,597	$	15,993	$	13,741

Loss Reserve Activity

	Twelve-Months Ended September 30,
	2017		2016			2015
Loss reserve on contractual lease commitments, beginning of year	$	9,242	$	2,464	$	3,212
Additions		-		8,165		39
Payments		(1,650)		(1,387)		(787)
Non-cash adjustments		(2,322)		-		-
Loss reserve on contractual lease commitments, end of year	$	5,270	$	9,242	$	2,464