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10-Q Filing

SIFCO INDUSTRIES INC CIK: 90168 Q1 2014
Filing Information
Form Type 10-Q
Accession Number 0000090168-14-000009
Period End Date 20131231
Filing Date 20140203
Fiscal Year 2014
Fiscal Period Q1
XBRL Instance sif-20131231.xml
Filing Contents
Balance Sheet 72 line items
Line Item Tag Value Unit Period
Receivables, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $481.00K USD Point-in-time
Receivables, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $520.00K USD Point-in-time
Serial preferred shares, no par value (in dollars per share) PreferredStockNoParValue - USD Point-in-time
Serial preferred shares, no par value (in dollars per share) PreferredStockNoParValue - USD Point-in-time
Serial preferred shares, number of shares authorized PreferredStockSharesAuthorized 1.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $4.51M USD Point-in-time
Serial preferred shares, number of shares authorized PreferredStockSharesAuthorized 1.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $5.58M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $7.18M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $4.71M USD Point-in-time
Common shares, par value (in dollars per share) CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Common shares, par value (in dollars per share) CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Receivables, net of allowance for doubtful accounts of $520 and $481, respectively ReceivablesNetCurrent $21.18M USD Point-in-time
Receivables, net of allowance for doubtful accounts of $520 and $481, respectively ReceivablesNetCurrent $24.81M USD Point-in-time
Common shares, number of shares authorized CommonStockSharesAuthorized 10.00M shares Point-in-time
Inventories, net InventoryNet $19.37M USD Point-in-time
Inventories, net InventoryNet $18.34M USD Point-in-time
Common shares, number of shares authorized CommonStockSharesAuthorized 10.00M shares Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $987.00K USD Point-in-time
Common shares, number of shares issued CommonStockSharesIssued 5.43M shares Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $987.00K USD Point-in-time
Common shares, number of shares issued CommonStockSharesIssued 5.41M shares Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $1.77M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $2.01M USD Point-in-time
Common shares, number of shares outstanding CommonStockSharesOutstanding 5.41M shares Point-in-time
Common shares, number of shares outstanding CommonStockSharesOutstanding 5.43M shares Point-in-time
Current assets of business from discontinued operations AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent $2.06M USD Point-in-time
Current assets of business from discontinued operations AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent $1.14M USD Point-in-time
Total current assets AssetsCurrent $49.40M USD Point-in-time
Total current assets AssetsCurrent $52.47M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $29.63M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $29.59M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $13.65M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $13.11M USD Point-in-time
Goodwill Goodwill $7.66M USD Point-in-time
Goodwill Goodwill $7.62M USD Point-in-time
Other assets OtherAssetsNoncurrent $1.25M USD Point-in-time
Other assets OtherAssetsNoncurrent $1.24M USD Point-in-time
Noncurrent assets of business from discontinued operations AssetsOfDisposalGroupIncludingDiscontinuedOperationNoncurrent $1.15M USD Point-in-time
Noncurrent assets of business from discontinued operations AssetsOfDisposalGroupIncludingDiscontinuedOperationNoncurrent $277.00K USD Point-in-time
Total assets Assets $101.28M USD Point-in-time
Total assets Assets $105.77M USD Point-in-time
Current maturities of long-term debt LongTermDebtCurrent $4.39M USD Point-in-time
Current maturities of long-term debt LongTermDebtCurrent $2.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $6.77M USD Point-in-time
Accounts payable AccountsPayableCurrent $6.66M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $5.24M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $7.67M USD Point-in-time
Current liabilities of business from discontinued operations LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent $544.00K USD Point-in-time
Current liabilities of business from discontinued operations LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent $1.09M USD Point-in-time
Total current liabilities LiabilitiesCurrent $19.92M USD Point-in-time
Total current liabilities LiabilitiesCurrent $14.44M USD Point-in-time
Long-term debt, net of current maturities LongTermDebtNoncurrent $7.38M USD Point-in-time
Long-term debt, net of current maturities LongTermDebtNoncurrent $7.14M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $1.73M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $1.77M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $4.57M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $4.72M USD Point-in-time
Serial preferred shares, no par value, authorized 1,000 shares PreferredStockValue - USD Point-in-time
Serial preferred shares, no par value, authorized 1,000 shares PreferredStockValue - USD Point-in-time
Common shares, par value $1 per share, authorized 10,000 shares; issued and outstanding shares 5,426 at December 31, 2013 and 5,407 at September 30, 2013 CommonStockValue $5.43M USD Point-in-time
Common shares, par value $1 per share, authorized 10,000 shares; issued and outstanding shares 5,426 at December 31, 2013 and 5,407 at September 30, 2013 CommonStockValue $5.41M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $7.60M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $7.82M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $68.75M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $69.70M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-9.58M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-9.74M USD Point-in-time
Total shareholders equity StockholdersEquity $72.01M USD Point-in-time
Total shareholders equity StockholdersEquity $73.36M USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $105.77M USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $101.28M USD Point-in-time
Income Statement 48 line items
Line Item Tag Value Unit Period
Net sales SalesRevenueNet $26.65M USD 1 Quarter
Net sales SalesRevenueNet $27.45M USD 1 Quarter
Cost of goods sold CostOfGoodsSold $21.08M USD 1 Quarter
Cost of goods sold CostOfGoodsSold $21.58M USD 1 Quarter
Gross profit GrossProfit $5.57M USD 1 Quarter
Gross profit GrossProfit $5.86M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $3.54M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $3.46M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $559.00K USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $545.00K USD 1 Quarter
(Gain) on disposal of operating assets GainLossOnDispositionOfAssets $125.00K USD 1 Quarter
(Gain) on disposal of operating assets GainLossOnDispositionOfAssets $2.00K USD 1 Quarter
Operating income OperatingIncomeLoss $1.89M USD 1 Quarter
Operating income OperatingIncomeLoss $1.57M USD 1 Quarter
Interest income InvestmentIncomeInterest $5.00K USD 1 Quarter
Interest income InvestmentIncomeInterest $4.00K USD 1 Quarter
Interest expense InterestExpense $106.00K USD 1 Quarter
Interest expense InterestExpense $85.00K USD 1 Quarter
Foreign currency exchange loss, net ForeignCurrencyTransactionGainLossBeforeTax $-5.00K USD 1 Quarter
Foreign currency exchange loss, net ForeignCurrencyTransactionGainLossBeforeTax $-7.00K USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $108.00K USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $77.00K USD 1 Quarter
Income from continuing operations before income tax provision IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $1.59M USD 1 Quarter
Income from continuing operations before income tax provision IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $1.86M USD 1 Quarter
Income tax provision IncomeTaxExpenseBenefit $681.00K USD 1 Quarter
Income tax provision IncomeTaxExpenseBenefit $436.00K USD 1 Quarter
Income from continuing operations IncomeLossFromContinuingOperations $1.15M USD 1 Quarter
Income from continuing operations IncomeLossFromContinuingOperations $1.18M USD 1 Quarter
Income (loss) from discontinued operations, net of tax IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity $2.24M USD 1 Quarter
Income (loss) from discontinued operations, net of tax IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity $-207.00K USD 1 Quarter
Net income NetIncomeLoss $3.42M USD 1 Quarter
Net income NetIncomeLoss $947.00K USD 1 Quarter
Basic (in dollars per share) IncomeLossFromContinuingOperationsPerBasicShare $0.22 USD 1 Quarter
Basic (in dollars per share) IncomeLossFromContinuingOperationsPerBasicShare $0.22 USD 1 Quarter
Diluted (in dollars per share) IncomeLossFromContinuingOperationsPerDilutedShare $0.21 USD 1 Quarter
Diluted (in dollars per share) IncomeLossFromContinuingOperationsPerDilutedShare $0.22 USD 1 Quarter
Basic (in dollars per share) IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $-0.04 USD 1 Quarter
Basic (in dollars per share) IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $0.42 USD 1 Quarter
Diluted (in dollars per share) IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $-0.04 USD 1 Quarter
Diluted (in dollars per share) IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $0.41 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.18 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.64 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.63 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.17 USD 1 Quarter
Weighted-average common shares outstanding (basic) (in shares) WeightedAverageNumberOfSharesOutstandingBasic 5.38M shares 1 Quarter
Weighted-average common shares outstanding (basic) (in shares) WeightedAverageNumberOfSharesOutstandingBasic 5.34M shares 1 Quarter
Weighted-average common shares outstanding (diluted) (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 5.41M shares 1 Quarter
Weighted-average common shares outstanding (diluted) (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 5.38M shares 1 Quarter
Cash Flow Statement 68 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $3.42M USD 1 Quarter
Net income NetIncomeLoss $947.00K USD 1 Quarter
Loss (Income) from discontinued operations, net of tax IncomeLossFromDiscontinuedOperationsNetOfTax $207.00K USD 1 Quarter
Loss (Income) from discontinued operations, net of tax IncomeLossFromDiscontinuedOperationsNetOfTax $-2.24M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $1.74M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $1.44M USD 1 Quarter
Gain on disposal of operating assets GainLossOnDispositionOfAssets $125.00K USD 1 Quarter
Gain on disposal of operating assets GainLossOnDispositionOfAssets $2.00K USD 1 Quarter
LIFO income InventoryLIFOReserveEffectOnIncomeNet $-178.00K USD 1 Quarter
LIFO income InventoryLIFOReserveEffectOnIncomeNet $-82.00K USD 1 Quarter
Share transactions under company stock plan ShareTransactionsUnderCompanyStockPlan $238.00K USD 1 Quarter
Share transactions under company stock plan ShareTransactionsUnderCompanyStockPlan $24.00K USD 1 Quarter
Other long-term liabilities IncreaseDecreaseinOtherLongtermLiability $12.00K USD 1 Quarter
Other long-term liabilities IncreaseDecreaseinOtherLongtermLiability $354.00K USD 1 Quarter
Deferred income taxes DeferredOtherTaxExpenseBenefit $41.00K USD 1 Quarter
Deferred income taxes DeferredOtherTaxExpenseBenefit $-620.00K USD 1 Quarter
Receivables IncreaseDecreaseInReceivables $-3.64M USD 1 Quarter
Receivables IncreaseDecreaseInReceivables $-1.50M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $951.00K USD 1 Quarter
Inventories IncreaseDecreaseInInventories $1.58M USD 1 Quarter
Accounts payable IncreaseDecreaseInIncomeTaxesReceivable $431.00K USD 1 Quarter
Accounts payable IncreaseDecreaseInIncomeTaxesReceivable $154.00K USD 1 Quarter
Other accrued liabilities IncreaseDecreaseInPrepaidExpense $-1.37M USD 1 Quarter
Other accrued liabilities IncreaseDecreaseInPrepaidExpense $817.00K USD 1 Quarter
Accrued income and other taxes IncreaseDecreaseInOtherOperatingAssets $-2.39M USD 1 Quarter
Accrued income and other taxes IncreaseDecreaseInOtherOperatingAssets $531.00K USD 1 Quarter
Other operating activities IncreaseDecreaseInOtherOperatingLiabilities $-1.90M USD 1 Quarter
Other operating activities IncreaseDecreaseInOtherOperatingLiabilities $-261.00K USD 1 Quarter
Net cash provided by operating activities of continuing operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $3.41M USD 1 Quarter
Net cash provided by operating activities of continuing operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $4.03M USD 1 Quarter
Net cash provided by (used for) operating activities of discontinued operations CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations $86.00K USD 1 Quarter
Net cash provided by (used for) operating activities of discontinued operations CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations $-999.00K USD 1 Quarter
Proceeds from disposal of operating assets ProceedsFromSaleOfMachineryAndEquipment $125.00K USD 1 Quarter
Proceeds from disposal of operating assets ProceedsFromSaleOfMachineryAndEquipment - USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $669.00K USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $1.15M USD 1 Quarter
Net cash used for investing activities of continuing operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-1.15M USD 1 Quarter
Net cash used for investing activities of continuing operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-544.00K USD 1 Quarter
Net cash provided by investing activities of discontinued operations CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations $8.74M USD 1 Quarter
Net cash provided by investing activities of discontinued operations CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations $950.00K USD 1 Quarter
Payments on long term debt RepaymentsOfLongTermDebt $2.89M USD 1 Quarter
Payments on long term debt RepaymentsOfLongTermDebt $500.00K USD 1 Quarter
Proceeds from revolving credit agreement ProceedsFromLinesOfCredit $11.51M USD 1 Quarter
Proceeds from revolving credit agreement ProceedsFromLinesOfCredit $11.96M USD 1 Quarter
Repayments of revolving credit agreement RepaymentsOfLinesOfCredit $11.71M USD 1 Quarter
Repayments of revolving credit agreement RepaymentsOfLinesOfCredit $22.16M USD 1 Quarter
Proceeds from other debt ProceedsFromOtherDebt - USD 1 Quarter
Proceeds from other debt ProceedsFromOtherDebt $12.00K USD 1 Quarter
Proceeds from Stock Options Exercised ProceedsFromStockOptionsExercised - USD 1 Quarter
Proceeds from Stock Options Exercised ProceedsFromStockOptionsExercised $4.00K USD 1 Quarter
Proceeds from exercise of stock options PaymentsOfDividendsCommonStock $1.08M USD 1 Quarter
Proceeds from exercise of stock options PaymentsOfDividendsCommonStock $1.07M USD 1 Quarter
Net cash used for financing activities of continuing operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-12.21M USD 1 Quarter
Net cash used for financing activities of continuing operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-3.71M USD 1 Quarter
Increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $197.00K USD 1 Quarter
Increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-1.60M USD 1 Quarter
Cash and cash equivalents at the beginning of the period CashAndCashEquivalentsAtCarryingValue $4.51M USD Point-in-time
Cash and cash equivalents at the beginning of the period CashAndCashEquivalentsAtCarryingValue $5.58M USD Point-in-time
Cash and cash equivalents at the beginning of the period CashAndCashEquivalentsAtCarryingValue $7.18M USD Point-in-time
Cash and cash equivalents at the beginning of the period CashAndCashEquivalentsAtCarryingValue $4.71M USD Point-in-time
Cash and cash equivalents at the end of the period CashAndCashEquivalentsAtCarryingValue $4.51M USD Point-in-time
Cash and cash equivalents at the end of the period CashAndCashEquivalentsAtCarryingValue $5.58M USD Point-in-time
Cash and cash equivalents at the end of the period CashAndCashEquivalentsAtCarryingValue $7.18M USD Point-in-time
Cash and cash equivalents at the end of the period CashAndCashEquivalentsAtCarryingValue $4.71M USD Point-in-time
Cash paid for interest InterestPaidNet $71.00K USD 1 Quarter
Cash paid for interest InterestPaidNet $122.00K USD 1 Quarter
Cash paid for income taxes, net IncomeTaxesPaidNet $219.00K USD 1 Quarter
Cash paid for income taxes, net IncomeTaxesPaidNet $802.00K USD 1 Quarter
Comprehensive Income 10 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $3.42M USD 1 Quarter
Net income NetIncomeLoss $947.00K USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-284.00K USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax - USD 1 Quarter
Retirement plan liability adjustment OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-229.00K USD 1 Quarter
Retirement plan liability adjustment OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-150.00K USD 1 Quarter
Interest rate swap agreement adjustment OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $9.00K USD 1 Quarter
Interest rate swap agreement adjustment OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $16.00K USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $1.11M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $3.38M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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