Leases (Tables)

3 Months Ended

Dec. 31, 2019

Leases [Abstract]

Lease-Related Assets and Liabilities

	Classification on the Condensed Consolidated Balance Sheets	December 31, 2019
Assets:
Operating lease assets	Other assets	$	20,293
Finance lease assets	Property, plant and equipment, net		1,519
Total lease assets			21,812
Current liabilities:
Operating lease liabilities	Accrued liabilities		4,804
Finance lease liabilities	Current portion of long-term debt		1,598
Noncurrent liabilities:
Operating lease liabilities	Other liabilities		16,305
Finance lease liabilities	Long-term debt, less current portion		2,339
Total lease liabilities		$	25,046

Supplemental Lease-Related Information

	December 31, 2019
Weighted average remaining lease term
Operating leases		6.1	years
Finance leases		2.6	years
Weighted average discount rate
Operating leases		3.3	%
Finance leases		3.0	%

Lease-Related Expenses

	Three-Months Ended December 31, 2019
Operating lease expense	$	1,519
Amortization of finance lease assets		147
Interest on finance lease liabilities		20
Variable lease expense		307
Short-term lease expense		175
Sublease income (1)		(125)
Total lease expense	$	2,043

(1)Relates to two separate subleases Woodward has entered into for a leased manufacturing building in Niles, Illinois.

Lease-Related Supplemental Cash Flow Information

	Three-Months Ended December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	1,254
Operating cash flows for finance leases		20
Financing cash flows for finance leases		439
Right-of-use assets obtained in exchange for recorded lease obligations:
Operating leases		3,540
Finance leases		1,211

Maturities of Lease Liabilities

Year Ending September 30:	Operating Leases		Finance Leases
2020 (remaining)		4,159		1,264
2021		4,531		1,678
2022		3,552		734
2023		2,840		321
2024		2,171		81
Thereafter		6,127		-
Total lease payments		23,380		4,078
Less: imputed interest		(2,271)		(141)
Total lease obligations	$	21,109	$	3,937

Future Minimum Lease Payments

Year Ending September 30:	Operating Leases		Finance Leases
2020 (full twelve months)	$	6,667	$	213
2021		5,119		98
2022		3,823		33
2023		2,899		3
2024		2,378		-
Thereafter		6,033		-
Total minimum lease payments under ASC 840	$	26,919	$	347

Property, Plant and Equipment Leased to Others through Embedded Leasing Arrangements

	December 31, 2019
Property, plant and equipment leased to others through embedded leasing arrangements	$	38,612
Less accumulated depreciation		(21,618)
Property, plant and equipment leased to others through embedded leasing arrangements, net	$	16,994