Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2019	Sep. 30, 2018
Current assets:
Cash and cash equivalents, including restricted cash of $1,500 and $3,635, respectively	$ 99,073	$ 83,594
Accounts receivable, less allowance for uncollectible amounts of $7,908 and $3,938, respectively	591,529	432,003	[1],[2]
Inventories	516,836	549,596	[1],[2]
Income taxes receivable	8,099	6,397	[3]
Other current assets	55,691	43,207
Total current assets	1,271,228	1,114,797
Property, plant and equipment, net	1,058,775	1,060,005
Goodwill	797,853	813,250
Intangible assets, net	611,992	700,883	[4]
Deferred income tax assets	18,161	16,570	[3]
Other assets	198,517	85,144	[1],[2],[5]
Total assets	3,956,526	3,790,649
Current liabilities:
Short-term borrowings	220,000	153,635
Accounts payable	240,460	226,285
Income taxes payable	18,849	16,745	[3]
Accrued liabilities	228,127	194,513	[2],[5]
Total current liabilities	707,436	591,178
Long-term debt, less current portion	864,899	1,092,397
Net deferred tax liabilities	151,362	170,915	[3]
Other liabilities	506,088	398,055	[5]
Total liabilities	2,229,785	2,252,545
Commitments and contingencies (Note 21)
Stockholders' equity:
Preferred stock, par value $0.003 per share, 10,000 shares authorized, no shares issued
Common stock, par value $0.001455 per share, 150,000 shares authorized, 72,960 shares issued	106	106
Additional paid-in capital	207,120	185,705
Accumulated other comprehensive losses	(103,306)	(74,942)
Deferred compensation	9,382	8,431
Retained earnings	2,224,919	1,966,643
Stockholders' equity	2,338,221	2,085,943
Treasury stock at cost, 11,040 shares and 11,203 shares, respectively	(602,098)	(539,408)
Treasury stock held for deferred compensation, at cost, 211 shares and 202 shares, respectively	(9,382)	(8,431)
Total stockholders' equity	1,726,741	1,538,104
Total liabilities and stockholders' equity	$ 3,956,526	$ 3,790,649

[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. T

[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.”