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Revenue (Schedule of Impact of the Adoption ASC 606 on Condensed Consolidated Balance Sheet) (Details) - USD ($)
$ in Thousands
Jun. 30, 2019
Mar. 31, 2019
Oct. 01, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Sep. 30, 2017
Current assets:              
Cash and cash equivalents $ 63,302     $ 83,594 $ 114,399   $ 87,552
Accounts receivable, net 650,777     432,003 [1],[2]      
Inventories 531,163     549,596 [1],[2]      
Income taxes receivable 8,070     6,397 [3]      
Other current assets 44,797     43,207      
Total current assets 1,298,109     1,114,797      
Property, plant and equipment, net 1,063,084     1,060,005      
Goodwill 807,868     813,250      
Intangible assets, net 641,481     700,883 [4]      
Deferred income tax assets 15,336     16,570 [3]      
Other assets 189,725     85,144 [1],[2],[5]      
Total assets 4,015,603     3,790,649      
Current liabilities:              
Short-term borrowings 180,000     153,635      
Accounts payable 243,071     226,285      
Income taxes payable 12,816     16,745 [3]      
Accrued liabilities 206,785     194,513 [2],[5]      
Total current liabilities 642,672     591,178      
Long-term debt, less current portion 1,011,147     1,092,397      
Deferred income tax liabilities 173,289     170,915 [3]      
Other liabilities 484,184     398,055 [5]      
Total liabilities 2,311,292     2,252,545      
Stockholders' equity:              
Preferred stock          
Common stock 106     106      
Additional paid-in capital 205,704     185,705      
Accumulated other comprehensive losses (64,180)     (74,942)      
Deferred compensation 9,118     8,431      
Retained earnings 2,168,204     1,966,643      
Stockholders' equity 2,318,952     2,085,943      
Treasury stock at cost (605,523)     (539,408)      
Treasury stock held for deferred compensation (9,118)     (8,431)      
Total stockholders' equity 1,704,311 $ 1,702,665   1,538,104 $ 1,466,035 $ 1,456,910 $ 1,371,383
Total liabilities and stockholders' equity 4,015,603     3,790,649      
ASC 606 [Member]              
Current assets:              
Cash and cash equivalents     $ 83,594        
Accounts receivable, net [1],[2]     567,671        
Inventories [1],[2]     475,990        
Income taxes receivable [3]     5,150        
Other current assets     43,053        
Total current assets     1,175,458        
Property, plant and equipment, net     1,060,005        
Goodwill     813,250        
Intangible assets, net [4]     698,364        
Deferred income tax assets [3]     15,385        
Other assets [1],[2],[5]     171,009        
Total assets     3,933,471        
Current liabilities:              
Short-term borrowings     153,635        
Accounts payable     226,285        
Income taxes payable [3]     22,097        
Accrued liabilities [2],[5]     209,138        
Total current liabilities     611,155        
Long-term debt, less current portion     1,092,397        
Deferred income tax liabilities [3]     176,430        
Other liabilities [5]     476,685        
Total liabilities     2,356,667        
Stockholders' equity:              
Common stock     106        
Additional paid-in capital     185,705        
Accumulated other comprehensive losses     (74,987)        
Deferred compensation     8,431        
Retained earnings     2,005,388        
Stockholders' equity     2,124,643        
Treasury stock at cost     (539,408)        
Treasury stock held for deferred compensation     (8,431)        
Total stockholders' equity     1,576,804        
Total liabilities and stockholders' equity     3,933,471        
As Previously Reported [Member] | ASC 606 [Member]              
Current assets:              
Cash and cash equivalents     83,594        
Accounts receivable, net [1],[2]     536,910 104,907      
Inventories [1],[2]     494,594 (55,002)      
Income taxes receivable [3]     5,438 (959)      
Other current assets     43,053 (154)      
Total current assets     1,163,589 48,792      
Property, plant and equipment, net     1,060,005        
Goodwill     813,250        
Intangible assets, net [4]     698,364 (2,519)      
Deferred income tax assets [3]     15,595 (975)      
Other assets [1],[2],[5]     171,009 85,865      
Total assets     3,921,812 131,163      
Current liabilities:              
Short-term borrowings     153,635        
Accounts payable     226,285        
Income taxes payable [3]     20,886 4,141      
Accrued liabilities [2],[5]     210,185 15,672      
Total current liabilities     610,991 19,813      
Long-term debt, less current portion     1,092,397        
Deferred income tax liabilities [3]     174,748 3,833      
Other liabilities [5]     476,686 78,631      
Total liabilities     2,354,822 102,277      
Stockholders' equity:              
Common stock     106        
Additional paid-in capital     185,705        
Accumulated other comprehensive losses     (74,983) (41)      
Deferred compensation     8,431        
Retained earnings     1,995,570 28,927      
Stockholders' equity     2,114,829 28,886      
Treasury stock at cost     (539,408)        
Treasury stock held for deferred compensation     (8,431)        
Total stockholders' equity     1,566,990 28,886      
Total liabilities and stockholders' equity     3,921,812 $ 131,163      
Adjustments [Member] | ASC 606 [Member]              
Current assets:              
Accounts receivable, net 194,495   30,761 [1],[2]        
Inventories (110,358)   (18,604) [1],[2]        
Income taxes receivable (9,833)   (288) [3]        
Other current assets (69)            
Total current assets 74,235   11,869        
Intangible assets, net (60)            
Deferred income tax assets (1,207)   (210) [3]        
Other assets 99,121            
Total assets 172,089   11,659        
Current liabilities:              
Income taxes payable [3]     1,211        
Accrued liabilities 17,843   (1,047) [2],[5]        
Total current liabilities 17,843   164        
Deferred income tax liabilities 5,371   1,682 [3]        
Other liabilities 98,190   (1) [5]        
Total liabilities 121,404   1,845        
Stockholders' equity:              
Preferred stock            
Accumulated other comprehensive losses (31)   (4)        
Retained earnings 50,716   9,818        
Stockholders' equity 50,685   9,814        
Total stockholders' equity 50,685   9,814        
Total liabilities and stockholders' equity 172,089   $ 11,659        
Under Previous Standard [Member]              
Current assets:              
Cash and cash equivalents 63,302            
Accounts receivable, net 456,282            
Inventories 641,521            
Income taxes receivable 17,903            
Other current assets 44,866            
Total current assets 1,223,874            
Property, plant and equipment, net 1,063,084            
Goodwill 807,868            
Intangible assets, net 641,541            
Deferred income tax assets 16,543            
Other assets 90,604            
Total assets 3,843,514            
Current liabilities:              
Short-term borrowings 180,000            
Accounts payable 243,071            
Income taxes payable 12,816            
Accrued liabilities 188,942            
Total current liabilities 624,829            
Long-term debt, less current portion 1,011,147            
Deferred income tax liabilities 167,918            
Other liabilities 385,994            
Total liabilities 2,189,888            
Stockholders' equity:              
Preferred stock            
Common stock 106            
Additional paid-in capital 205,704            
Accumulated other comprehensive losses (64,149)            
Deferred compensation 9,118            
Retained earnings 2,117,488            
Stockholders' equity 2,268,267            
Treasury stock at cost (605,523)            
Treasury stock held for deferred compensation (9,118)            
Total stockholders' equity 1,653,626            
Total liabilities and stockholders' equity $ 3,843,514            
[1] The adoption of ASC 606 changed the revenue recognition practices for a number of revenue generating activities across Woodward’s businesses, although the most significant impacts are concentrated in product being produced for customers that have no alternative use to Woodward and Woodward has an enforceable right to payment with a profit, and MRO. The revenue related to these activities, which previously was accounted for on a point in time basis, is now required to use an over time model because the associated contracts meet one or more of the mandatory criteria established in ASC 606, as described above, and are included as current unbilled receivables in “Accounts receivable” and noncurrent unbilled receivables in “Other assets.” The change in the timing of revenue recognized in connection with over time contracts similarly changed the timing of manufacturing cost recognition and certain engineering and development costs, which are reflected as a reduction to inventory.
[2] The value of noncash consideration in the form of exchanged products and other customer provided inventory is reflected in “Inventories,” and in contract liabilities, which are included in “Accrued liabilities.”
[3] The value of tax assets and tax liabilities was impacted by the change in timing of the recognition of assets and liabilities within tax jurisdictions.
[4] The net book value of the backlog and customer relationships and contracts intangible assets was adjusted concurrent with the change in the timing of the associated revenue, resulting in a reduction in the net book value of these assets as of the date of adoption.
[5] Woodward recorded customer funding of product engineering and development identified as material rights as current and noncurrent deferred revenue contract liabilities included in “Accrued liabilities” and “Other liabilities.” The related customer funded product engineering and development costs were capitalized as costs to fulfill a contract, to the extent of the contractually committed customer funded payments, and are recorded as “Other assets.”