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Stockholders' Equity (Tables)
9 Months Ended
Jun. 30, 2019
Stock Options [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Assumptions Used in Estimate of Fair Value of Stock Option Awards

Three-Months Ended

Nine-Months Ended

June 30,

June 30,

2019

2018

2019

2018

Weighted-average exercise price per share

$

n/a

$

n/a

$

79.12

$

78.91

Weighted-average grant date market value of Woodward stock

$

n/a

$

n/a

$

79.12

$

78.91

Expected term (years)

n/a

n/a

6.5 

-

8.7

6.4 

-

8.7

Estimated volatility

n/a

n/a

25.7%

-

31.0%

29.1%

-

32.7%

Estimated dividend yield

n/a

n/a

0.7%

-

0.8%

0.6%

-

0.8%

Risk-free interest rate

n/a

n/a

2.6%

-

3.1%

2.1%

-

2.8%

Summary of Activity for Stock Option Awards

Three-Months Ended

Nine-Months Ended

June 30, 2019

June 30, 2019

Number of options

Weighted-Average Exercise Price per Share

Number of options

Weighted-Average Exercise Price per Share

Options, beginning balance

5,733 

$

52.27 

5,611 

$

45.42 

Options granted

-

n/a

900 

79.12 

Options exercised

(279)

34.27 

(1,024)

32.92 

Options expired

(1)

69.13 

(2)

72.58 

Options forfeited

(12)

67.92 

(44)

68.51 

Options, ending balance

5,441 

53.16 

5,441 

53.16 

Changes in Non-vested Stock Options

Three-Months Ended

Nine-Months Ended

June 30, 2019

June 30, 2019

Number of options

Weighted-Average Grant Date Fair Value per Share

Number of options

Weighted-Average Grant Date Fair Value Per Share

Non-vested options outstanding, beginning balance

2,058 

$

23.36 

1,988 

$

21.64 

Options granted

-

n/a

900 

23.99 

Options vested

-

n/a

(798)

19.80 

Options forfeited

(12)

22.67 

(44)

22.91 

Non-vested options outstanding, ending balance

2,046 

23.37 

2,046 

23.37 

Stock Options Vested, or Expected to Vest and Exercisable

Number

Weighted- Average Exercise Price

Weighted- Average Remaining Life in Years

Aggregate Intrinsic Value

Options outstanding

5,441 

$

53.16 

6.0 

$

331,053 

Options vested and exercisable

3,395 

42.12 

4.7 

244,017 

Options vested and expected to vest

5,336 

52.70 

6.0 

327,112 

Restricted Stock Units (RSUs) [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Summary of Activity for Restricted Stock Units

Three-Months Ended

Nine-Months Ended

June 30, 2019

June 30, 2019

Number

Fair Value per Share

Number

Fair Value per Share

Beginning balance

10 

$

82.71 

10 

$

82.71 

Shares granted

2 

97.56 

2 

97.56 

Shares vested

-

n/a

-

n/a

Shares forfeited

-

n/a

-

n/a

Ending balance

12 

84.71 

12 

84.71