Leases (Tables)

6 Months Ended

Mar. 31, 2023

Leases [Abstract]

Lease-Related Assets and Liabilities

Lease-related assets and liabilities were as follows:

	Classification on the Condensed Consolidated Balance Sheets	March 31, 2023		September 30, 2022
Assets:
Operating lease	Other assets	$	24,363	$	25,144
Finance lease	Property, plant and equipment, net		5,263		5,474
Total lease assets			29,626		30,618
Current liabilities:
Operating lease	Accrued liabilities		4,686		4,587
Finance lease	Current portion of long-term debt		978		856
Noncurrent liabilities:
Operating lease	Other liabilities		20,863		21,443
Finance lease	Long-term debt, less current portion		3,960		4,405
Total lease liabilities		$	30,487	$	31,291

Lease-Related Expenses

Lease-related expenses were as follows:

	Three-Months Ended March 31,				Six-Months Ended March 31,
	2023		2022		2023		2022
Operating lease expense	$	1,586	$	1,653	$	3,073	$	3,260
Amortization of finance lease assets		156		95		412		174
Interest on finance lease liabilities		40		8		74		16
Variable lease expense		245		203		455		606
Short-term lease expense		51		50		108		90
Sublease (income)1		—		—		—		(192	)
Total lease expense	$	2,078	$	2,009	$	4,122	$	3,954

(1)Relates to two separate subleases Woodward entered into for a leased manufacturing building in Niles, Illinois, each of which expired during fiscal year 2022.

Lease-Related Supplemental Cash Flow Information

Lease-related supplemental cash flow information was as follows:

	Six-Months Ended March 31,
	2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	2,621	$	2,776
Operating cash flows for finance leases		74		16
Financing cash flows for finance leases		284		574
Right-of-use assets obtained in exchange for recorded lease obligations:
Operating leases		714		7,999
Finance leases		43		1,260

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

The carrying amount of property, plant, and equipment leased to others through embedded leasing arrangements, included in “Property, plant, and equipment, net” on the Condensed Consolidated Balance Sheets, follows:

	March 31, 2023			September 30, 2022
Property, plant and equipment leased through embedded leasing arrangements	$	47,391		$	44,912
Less accumulated depreciation		(28,195	)		(25,508	)
Property, plant and equipment leased through embedded leasing arrangements, net	$	19,196		$	19,404