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Stockholders' Equity (Tables)
12 Months Ended
Sep. 30, 2017
Stockholders' Equity and Stock-Based Compensation [Abstract]  
Dividends Declared and Paid



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

Year Ended September 30,



 

2017

 

2016

 

2015

Dividends declared and paid

 

$

29,745 

 

$

26,606 

 

$

24,646 

Dividend per share amount

 

 

0.485 

 

 

0.430 

 

 

0.380 



Stock-based Compensation Expense Recognized



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

Year Ended September 30,



 

2017

 

2016

 

2015

Employee stock-based compensation expense

 

$

17,282 

 

$

15,122 

 

$

14,255 



Weighted Average Grant Date Fair Value of Options Granted



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

Year Ended September 30,



 

2017

 

2016

 

2015

Weighted-average grant date fair value of options

 

$

24.98 

 

$

13.39 

 

$

17.02 



Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



Year Ended September 30,



2017

 

2016

 

2015

Weighted-average exercise price per share

 

62.74

 

 

40.26

 

 

46.55

 

Weighted-average grant date market value of Woodward stock

 

69.45

 

 

40.26

 

 

46.55

 

Expected term (years)

 

6.0 

-

8.7 

 

 

6.3 

-

8.7 

 

 

6.2 

-

8.8 

 

Estimated volatility

 

30.6%

-

33.7%

 

 

34.5%

 

35.1%

 

 

36.5%

 

Estimated dividend yield

 

0.7%

 

 

1.0%

 

 

0.7%

 

Risk-free interest rate

 

2.0%

-

2.5%

 

 

1.7%

-

2.0%

 

 

2.0%

-

2.3%

 



Activity for Stock Option Awards



 

 

 

 

 

 



 

 

 

 

 

 



 

Number

 

Weighted-Average Exercise Price Per Share

Balance at September 30, 2016

 

 

4,944 

 

$

35.35 

Options granted

 

 

791 

 

 

62.74 

Options exercised

 

 

(466)

 

 

33.65 

Options forfeited

 

 

(33)

 

 

44.21 

Balance at September 30, 2017

 

 

5,236 

 

 

39.58 



Changes in Nonvested Stock Options



 

 

 

 

 

 



 

 

 

 

 

 



 

Number

 

Weighted-Average Grant Date Fair Value Per Share

Balance at September 30, 2016

 

 

2,075 

 

$

14.90 

Options granted

 

 

791 

 

 

24.98 

Options vested

 

 

(763)

 

 

15.26 

Options forfeited

 

 

(31)

 

 

15.40 

Balance at September 30, 2017

 

 

2,072 

 

 

18.61 



Stock Options Vested, Or Expected to Vest and Are Exercisable



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

Number

 

Weighted- Average Exercise Price Per Share

 

Weighted- Average Remaining Life in Years

 

Aggregate Intrinsic Value

Options outstanding

 

 

5,236

 

$

39.58 

 

 

5.9

 

$

199,098 

Options vested and exercisable

 

 

3,164

 

 

32.80 

 

 

4.5

 

 

141,785 

Options vested and expected to vest

 

 

5,164

 

 

39.39 

 

 

5.9

 

 

197,348 



Other Stock Option Information



 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 



 

Year Ended September 30,



 

2017

 

2016

 

2015

Total fair value of stock options vested

 

$

11,639 

 

$

10,374 

 

$

9,656 

Total intrinsic value of options exercised

 

 

16,416 

 

 

23,178 

 

 

18,876 

Cash received from exercises of stock options

 

 

14,196 

 

 

15,892 

 

 

8,400 

Excess tax benefit realized from exercise of stock options

 

 

4,383 

 

 

6,472 

 

 

6,959 



Changes in Restricted Stock Awards



 

 

 

 

 

 



 

 

 

 

 

 



 

Number

 

Fair Value per Share

Balance at September 30, 2016

 

 

24 

 

$

39.43 

Shares granted

 

 

 -

 

 

n/a

Shares vested

 

 

 -

 

 

n/a

Shares forfeited

 

 

(24)

 

 

39.43 

Balance at September 30, 2017

 

 

 -

 

 

n/a