Earnings Per Share (Tables)

9 Months Ended

Jun. 30, 2011

Earnings Per Share

Reconciliation of Net Earnings to Net Earnings Per Share Basic and Diluted

	Three-Months Ending				Nine-Months Ending
	June 30,				June 30,
	2011		2010		2011		2010
Numerator:
Net earnings attributable to Woodward	$	36,056	$	31,745	$	90,545	$	78,169
Denominator:
Basic shares outstanding		68,793		68,489		68,785		68,428
Dilutive effect of employee stock options		1,373		1,498		1,370		1,443
Diluted shares outstanding		70,166		69,987		70,155		69,871
Income per common share:
Basic earnings per share attribuable to Woodward	$	0.52	$	0.46	$	1.32	$	1.14
Diluted earnings per share attributable to Woodward	$	0.51	$	0.45	$	1.29	$	1.12

Anti-dilutive Stock Options Excluded from Computation of Earnings Per Share

	Three-Months Ending				Nine-Months Ending
	June 30,				June 30,
	2011		2010		2011		2010
Options		678		430		679		447
Weighted-average option price	$	32.06	$	32.58	$	32.03	$	32.49

Schedule of Treasury Stock Shares Held for Deferred Compensation Included in Basic and Diluted Shares Outstanding

	Three-Months Ending				Nine-Months Ending
	June 30,				June 30,
	2011		2010		2011		2010
Weighted average treasury stock shares held for deferred compensation obligation		324		361		340		375