Leases (Tables)

3 Months Ended

Dec. 31, 2020

Leases [Abstract]

Lease-Related Assets and Liabilities

Lease-related assets and liabilities follows:

	Classification on the Condensed Consolidated Balance Sheets	December 31, 2020		September 30, 2020
Assets:
Operating lease assets	Other assets	$	20,061	$	18,918
Finance lease assets	Property, plant and equipment, net		1,094		1,201
Total lease assets			21,155		20,119
Current liabilities:
Operating lease liabilities	Accrued liabilities		4,950		4,925
Finance lease liabilities	Current portion of long-term debt		1,623		1,634
Noncurrent liabilities:
Operating lease liabilities	Other liabilities		15,683		14,569
Finance lease liabilities	Long-term debt, less current portion		802		1,173
Total lease liabilities		$	23,058	$	22,301

Lease-Related Expenses

Lease-related expenses were as follows:

	Three-Months Ended			Three-Months Ended
	December 31, 2020			December 31, 2019
Operating lease expense	$	1,553		$	1,519
Amortization of finance lease assets		126			147
Interest on finance lease liabilities		18			20
Variable lease expense		322			307
Short-term lease expense		82			175
Sublease income1		(168	)		(125	)
Total lease expense	$	1,933		$	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

Lease-related supplemental cash flow information was as follows:

	Three-Months Ended December 31, 2020		Three-Months Ended December 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$	1,151	$	1,254
Operating cash flows for finance leases		18		20
Financing cash flows for finance leases		396		439
Right-of-use assets obtained in exchange for recorded lease obligations:
Operating leases		1,130		3,540
Finance leases		12		1,211

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” at the Condensed Consolidated Balance Sheets, follows:

	December 31, 2020			September 30, 2020
Property, plant and equipment leased to others through embedded leasing arrangements	$	78,176		$	76,655
Less accumulated depreciation		(31,714	)		(29,819	)
Property, plant and equipment leased to others through embedded leasing arrangements, net	$	46,462		$	46,836