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Retirement Benefits (Tables)
6 Months Ended
Mar. 31, 2022
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Amount of Expense Associated with Defined Contribution Plans

The amount of expense associated with defined contribution plans was as follows:

 

 

Three-Months Ended March 31,

 

 

Six-Months Ended March 31,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Company costs

 

$

9,499

 

 

$

8,497

 

 

$

20,450

 

 

$

16,533

 

 

Schedule of Estimated Remaining Cash Contributions Woodward estimates its remaining cash contributions in fiscal year 2022 will be as follows:

Retirement pension benefits:

 

 

 

 

United States

 

$

 

United Kingdom

 

 

627

 

Japan

 

 

 

Germany

 

 

348

 

Other postretirement benefits

 

 

1,871

 

 

 

Defined Benefit Pension Plan [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Net Periodic Benefit Costs

The components of the net periodic retirement pension costs recognized are as follows:

 

 

Three-Months Ended March 31,

 

 

 

United States

 

 

Other Countries

 

 

Total

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Service cost

 

$

388

 

 

$

432

 

 

$

609

 

 

$

736

 

 

$

997

 

 

$

1,168

 

Interest cost

 

 

1,321

 

 

 

1,239

 

 

 

422

 

 

 

343

 

 

 

1,743

 

 

 

1,582

 

Expected return on plan assets

 

 

(2,714

)

 

 

(3,536

)

 

 

(640

)

 

 

(625

)

 

 

(3,354

)

 

 

(4,161

)

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net actuarial loss

 

 

64

 

 

 

135

 

 

 

146

 

 

 

234

 

 

 

210

 

 

 

369

 

Prior service cost

 

 

245

 

 

 

243

 

 

 

6

 

 

 

6

 

 

 

251

 

 

 

249

 

Net periodic retirement pension (benefit) cost

 

$

(696

)

 

$

(1,487

)

 

$

543

 

 

$

694

 

 

$

(153

)

 

$

(793

)

Contributions paid

 

$

 

 

$

 

 

$

811

 

 

$

675

 

 

$

811

 

 

$

675

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Six-Months Ended March 31,

 

 

 

United States

 

 

Other Countries

 

 

Total

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Service cost

 

$

777

 

 

$

864

 

 

$

1,230

 

 

$

1,465

 

 

$

2,007

 

 

$

2,329

 

Interest cost

 

 

2,641

 

 

 

2,478

 

 

 

848

 

 

 

676

 

 

 

3,489

 

 

 

3,154

 

Expected return on plan assets

 

 

(5,427

)

 

 

(7,072

)

 

 

(1,285

)

 

 

(1,227

)

 

 

(6,712

)

 

 

(8,299

)

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net actuarial loss

 

 

129

 

 

 

270

 

 

 

292

 

 

 

462

 

 

 

421

 

 

 

732

 

Prior service cost

 

 

490

 

 

 

485

 

 

 

12

 

 

 

12

 

 

 

502

 

 

 

497

 

Net periodic retirement pension (benefit) cost

 

$

(1,390

)

 

$

(2,975

)

 

$

1,097

 

 

$

1,388

 

 

$

(293

)

 

$

(1,587

)

Contributions paid

 

$

 

 

$

 

 

$

1,499

 

 

$

1,218

 

 

$

1,499

 

 

$

1,218

 

 

Other Postretirement Benefit Plans [Member]  
Defined Benefit Plan Disclosure [Line Items]  
Schedule of Net Periodic Benefit Costs

The components of the net periodic other postretirement benefit costs recognized are as follows:

 

 

Three-Months Ended March 31,

 

 

Six-Months Ended March 31,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Service cost

 

$

 

 

$

1

 

 

$

 

 

$

1

 

Interest cost

 

 

145

 

 

 

149

 

 

 

289

 

 

 

299

 

Amortization of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net actuarial (gain) loss

 

 

(23

)

 

 

8

 

 

 

(47

)

 

 

15

 

Prior service cost

 

 

 

 

 

1

 

 

 

 

 

 

1

 

Net periodic other postretirement cost

 

$

122

 

 

$

159

 

 

$

242

 

 

$

316

 

Contributions paid

 

$

457

 

 

$

940

 

 

$

928

 

 

$

978