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Revenue (Tables)

6 Months Ended

Mar. 31, 2022

Revenue From Contract With Customer [Abstract]

The amount of revenue recognized as point in time or over time follows:

	Three-Months Ended March 31, 2022						Three-Months Ended March 31, 2021
	Aerospace		Industrial		Consolidated		Aerospace		Industrial		Consolidated
Point in time	$	148,244	$	122,219	$	270,463	$	114,563	$	131,242	$	245,805
Over time		224,513		91,863		316,376		250,143		85,373		335,516
Total net sales	$	372,757	$	214,082	$	586,839	$	364,706	$	216,615	$	581,321

	Six-Months Ended March 31, 2022						Six-Months Ended March 31, 2021
	Aerospace		Industrial		Consolidated		Aerospace		Industrial		Consolidated
Point in time	$	273,889	$	247,211	$	521,100	$	221,530	$	285,437	$	506,967
Over time		435,303		172,022		607,325		464,843		147,130		611,973
Total net sales	$	709,192	$	419,233	$	1,128,425	$	686,373	$	432,567	$	1,118,940

Schedule of Accounts Receivable

Accounts receivable consisted of the following:

	March 31, 2022			September 30, 2021
Billed receivables
Trade accounts receivable	$	311,302		$	298,951
Other (Chinese financial institutions)		10,273			23,168
Total billed receivables		321,575			322,119
Current unbilled receivables (contract assets)		256,740			204,596
Total accounts receivable		578,315			526,715
Less: Allowance for uncollectible amounts		(3,141	)		(3,664	)
Total accounts receivable, net	$	575,174		$	523,051

Schedule of Uncollectible Amounts And Change in Expected Allowance for Credit Losses for Trade Accounts Receivable and Unbilled Receivables

The allowance for uncollectible amounts and change in expected credit losses for trade accounts receivable and unbilled receivables (contract assets) consisted of the following:

	Three-Months Ended March 31,						Six-Months Ended March 31,
	2022			2021			2022			2021
Balance, beginning	$	3,309		$	7,499		$	3,664		$	8,359
Charged to costs and expenses, or sales allowance		215			1,040			427			1,128
Deductions		(532	)		(837	)		(1,108	)		(2,008	)
Other additions¹		149			(180	)		158			43
Balance, ending	$	3,141		$	7,522		$	3,141		$	7,522

(1)

Includes effects of foreign exchange rate changes during the period.

Schedule of Contract Liability

Contract liabilities consisted of the following:

	March 31, 2022				September 30, 2021
	Current		Noncurrent		Current		Noncurrent
Deferred revenue from material rights from GE joint venture formation	$	5,262	$	236,913	$	4,771	$	234,237
Deferred revenue from advanced invoicing and/or prepayments from customers		2,668		37		4,192		290
Liability related to customer supplied inventory		13,654		—		14,169		—
Deferred revenue from material rights related to engineering and development funding		7,229		159,225		6,395		151,797
Net contract liabilities	$	28,813	$	396,175	$	29,527	$	386,324

Schedule of Disaggregation of Revenue

Revenue by primary market for the Aerospace reportable segment was as follows:

	Three-Months Ended March 31,				Six-Months Ended March 31,
	2022		2021		2022		2021
Commercial OEM	$	122,889	$	101,907	$	227,715	$	177,988
Commercial aftermarket		108,554		77,579		194,640		143,094
Defense OEM		97,812		135,630		203,187		266,893
Defense aftermarket		43,502		49,590		83,650		98,398
Total Aerospace segment net sales	$	372,757	$	364,706	$	709,192	$	686,373

Revenue by primary market for the Industrial reportable segment was as follows:

	Three-Months Ended March 31,				Six-Months Ended March 31,
	2022		2021		2022		2021
Reciprocating engines	$	156,663	$	163,034	$	314,997	$	327,956
Industrial turbines		57,419		53,581		104,236		104,611
Total Industrial segment net sales	$	214,082	$	216,615	$	419,233	$	432,567

The customers who each account for approximately 10% or more of net sales of each of Woodward’s reportable segments are as follows:

	Three-Months Ended March 31, 2022	Six-Months Ended March 31, 2022
Aerospace	The Boeing Company, General Electric Company, Raytheon Technologies	The Boeing Company, General Electric Company, Raytheon Technologies
Industrial	Rolls-Royce PLC, Wartsila, Caterpillar, Inc.	Rolls-Royce PLC, Wartsila