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Stockholders' Equity (Tables)
12 Months Ended
Sep. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Dividends Declared and Paid

Year Ended September 30,

2019

2018

2017

Dividends declared and paid

$

39,066

$

34,003

$

29,745

Dividend per share amount

0.6300

0.5525

0.4850

Stock-based Compensation Expense Recognized

Year Ended September 30,

2019

2018

2017

Employee stock-based compensation expense

$

18,146 

$

18,229 

$

17,282 

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

Year Ended September 30,

2019

2018

2017

Weighted-average exercise price per share

$

79.84

78.91

62.74

Weighted-average grant date market value of Woodward stock

$

79.84

78.91

69.45

Expected term (years)

6.5 

-

8.7 

6.4 

-

8.7 

6.0 

-

8.7 

Estimated volatility

25.7%

-

31.0%

29.1%

-

32.7%

30.6%

-

33.7%

Estimated dividend yield

0.6%

-

0.8%

0.6%

0.8%

0.7%

Risk-free interest rate

1.5%

-

3.1%

2.1%

-

2.8%

2.0%

-

2.5%

Weighted Average Grant Date Fair Value of Options Granted

Year Ended September 30,

2019

2018

2017

Weighted-average grant date fair value of options

$

24.12 

$

25.66 

$

24.98 

Summary of Activity for Stock Option Awards

Number

Weighted-Average Exercise Price Per Share

Balance at September 30, 2018

5,611 

$

45.42 

Options granted

924 

79.84 

Options exercised

(1,102)

32.71 

Options forfeited

(44)

68.51 

Options expired

(2)

72.58 

Balance at September 30, 2019

5,387 

53.73 

Changes in Non-vested Stock Options

Number

Weighted-Average Grant Date Fair Value Per Share

Balance at September 30, 2018

1,988 

$

21.64 

Options granted

924 

24.12 

Options vested

(800)

19.81 

Options forfeited

(44)

22.91 

Balance at September 30, 2019

2,068 

23.43 

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

5,387 

$

53.73 

5.9 

$

291,465 

Options vested and exercisable

3,320 

42.43 

4.5 

217,114 

Options vested and expected to vest

5,297 

53.30 

5.8 

288,839 

Other Stock Option Information

Year Ended September 30,

2019

2018

2017

Total fair value of stock options vested

$

15,863 

$

13,944 

$

11,639 

Total intrinsic value of options exercised

70,866 

16,690 

16,416 

Cash received from exercises of stock options

36,044 

9,132 

14,196 

Excess tax benefit realized from exercise of stock options

13,416 

3,524 

4,383 

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

Number

Weighted-Average Grant Date Fair Value per Unit

Balance at September 30, 2018

10 

$

82.71 

Units granted

4 

102.94 

Units vested

(5)

82.71 

Units forfeited

-

n/a

Balance at September 30, 2019

9 

91.55