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Accrued Liabilities (Tables)
 12 Months Ended
Sep. 30, 2022
Accrued Liabilities [Line Items]  
Accrued Liabilities

 

 

September 30, 2022

 

 

September 30, 2021

 

Salaries and other member benefits

 

$

75,665

 

 

$

54,497

 

Product warranties and related liabilities (1)

 

 

40,042

 

 

 

17,481

 

Interest payable

 

 

13,481

 

 

 

14,822

 

Accrued retirement benefits

 

 

2,779

 

 

 

2,825

 

Net current contract liabilities (Note 3)

 

 

30,663

 

 

 

29,527

 

Current portion of accrued restructuring charges (2)

 

 

1,083

 

 

 

4,495

 

Taxes, other than income

 

 

21,159

 

 

 

19,453

 

Purchase of treasury stock in transit

 

 

—

 

 

 

12,516

 

Other

 

 

21,411

 

 

 

27,523

 

 

 

$

206,283

 

 

$

183,139

 

 

 

(1)

In fiscal year 2022, product warranties and related liabilities include estimates related to product liabilities expected to be fully recoverable from insurance.

 

(2)

In fiscal year 2021, other liabilities included $513 of accrued restructuring charges.
Changes in Accrued Product Warranties and Related Liabilities Changes in accrued product warranties and related liabilities were as follows:

 

 

 

Year Ended September 30,

 

 

 

2022

 

 

2021

 

 

2020

 

Beginning of period

 

$

17,481

 

 

$

18,972

 

 

$

27,309

 

Additions, net of recoveries

 

 

29,827

 

 

 

1,164

 

 

 

8,687

 

Reductions for settlement

 

 

(6,937

)

 

 

(2,718

)

 

 

(17,422

)

Foreign currency exchange rate changes

 

 

(329

)

 

 

63

 

 

 

398

 

End of period

 

$

40,042

 

 

$

17,481

 

 

$

18,972

 
Employee Severance [Member]  
Accrued Liabilities [Line Items]  
Loss Reserve & Restructuring Reserve Activity

The summary of activity in accrued restructuring charges during the fiscal years ended September 30, 2022 and September 30, 2021 is as follows:

 

 

 

 

 

 

Period Activity

 

 

 

 

 

 

 

Balances

as of

September 30,

2021

 

 

Charges

 

 

Payments

 

 

Foreign currency exchange rate changes

 

 

Non-cash

activity

 

 

Balances

as of

September 30,

2022

 

Workforce management costs associated with:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hydraulics Systems Realignment

 

$

3,758

 

 

$

—

 

 

$

(505

)

 

$

—

 

 

$

(3,253

)

 

$

—

 

Engine Systems Realignment

 

 

1,250

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(1,250

)

 

 

—

 

Aerospace

 

 

—

 

 

 

139

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

139

 

Industrial

 

 

—

 

 

 

944

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

944

 

Total

 

$

5,008

 

 

$

1,083

 

 

$

(505

)

 

$

—

 

 

$

(4,503

)

 

$

1,083

 

 

 

 

 

 

 

 

 

Period Activity

 

 

 

 

 

 

 

Balances

as of

September 30,

2020

 

 

Charges

 

 

Payments

 

 

Foreign currency exchange rate changes

 

 

Non-cash

activity

 

 

Balances

as of

September 30,

2021

 

Workforce management costs associated with:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hydraulics Systems Realignment

 

$

—

 

 

$

3,758

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

3,758

 

Engine Systems Realignment

 

 

—

 

 

 

1,250

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1,250

 

COVID-19 pandemic

 

 

3,395

 

 

 

—

 

 

 

(2,409

)

 

 

180

 

 

 

(1,166

)

 

 

—

 

Total

 

$

3,395

 

 

$

5,008

 

 

$

(2,409

)

 

$

180

 

 

$

(1,166

)

 

$

5,008