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Accrued Liabilities
9 Months Ended
Jun. 30, 2025
Accrued Liabilities, Current [Abstract]  
Accrued Liabilities

Note 16. Accrued liabilities

 

 

 

June 30, 2025

 

 

September 30, 2024

 

Salaries and other member benefits

 

$

130,400

 

 

$

151,921

 

Product warranties and related liabilities

 

 

27,283

 

 

 

18,844

 

Interest payable

 

 

3,654

 

 

 

12,163

 

Accrued retirement benefits

 

 

2,891

 

 

 

2,888

 

Net current contract liabilities

 

 

48,290

 

 

 

56,791

 

Taxes, other than income

 

 

12,953

 

 

 

15,884

 

Other

 

 

35,910

 

 

 

34,151

 

 

$

261,381

 

 

$

292,642

 

Product warranties and related liabilities

Provisions of Woodward’s sales agreements include product warranties customary to these types of agreements. Accruals are established for specifically identified warranty issues and related liabilities for which are probable to result in future costs. Warranty costs are accrued as revenue is recognized on a non-specific basis whenever past experience indicates a normal and predictable pattern exists.

Changes in accrued product warranties and related liabilities were as follows:

 

 

Three Months Ended June 30,

 

 

Nine Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Beginning of period

 

$

20,946

 

 

$

19,800

 

 

$

18,844

 

 

$

18,162

 

Additions, net of recoveries

 

 

9,091

 

 

 

3,808

 

 

 

18,437

 

 

 

13,767

 

Reductions for settlement

 

 

(3,048

)

 

 

(2,333

)

 

 

(10,092

)

 

 

(10,739

)

Foreign currency exchange rate changes

 

 

294

 

 

 

(54

)

 

 

94

 

 

 

31

 

End of period

 

$

27,283

 

 

$

21,221

 

 

$

27,283

 

 

$

21,221