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10-Q Filing

SIFCO INDUSTRIES INC CIK: 90168 Q1 2015
Filing Information
Form Type 10-Q
Accession Number 0000090168-15-000009
Period End Date 20141231
Filing Date 20150203
Fiscal Year 2015
Fiscal Period Q1
XBRL Instance sif-20141231.xml
Filing Contents
Balance Sheet 74 line items
Line Item Tag Value Unit Period
Receivables, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $284.00K USD Point-in-time
Receivables, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $333.00K 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 $4.97M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $4.71M USD 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 $4.60M 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 $284 and $333, respectively ReceivablesNetCurrent $19.92M USD Point-in-time
Receivables, net of allowance for doubtful accounts of $284 and $333, respectively ReceivablesNetCurrent $25.91M USD Point-in-time
Common shares, par value (in dollars per share) CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Inventories, net InventoryNet $23.99M USD Point-in-time
Common shares, number of shares authorized CommonStockSharesAuthorized 10.00M shares Point-in-time
Inventories, net InventoryNet $18.92M USD Point-in-time
Common shares, number of shares authorized CommonStockSharesAuthorized 10.00M shares Point-in-time
Common shares, number of shares issued CommonStockSharesIssued 5.46M shares Point-in-time
Refundable income taxes IncomeTaxesReceivable $1.04M USD Point-in-time
Common shares, number of shares issued CommonStockSharesIssued 5.45M shares Point-in-time
Refundable income taxes IncomeTaxesReceivable $410.00K USD Point-in-time
Common shares, number of shares outstanding CommonStockSharesOutstanding 5.46M shares Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $791.00K USD Point-in-time
Common shares, number of shares outstanding CommonStockSharesOutstanding 5.45M shares Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $791.00K USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $1.88M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $2.48M USD Point-in-time
Current assets of business from discontinued operations AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent $392.00K USD Point-in-time
Current assets of business from discontinued operations AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent $347.00K USD Point-in-time
Total current assets AssetsCurrent $52.90M USD Point-in-time
Total current assets AssetsCurrent $53.55M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $37.15M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $37.08M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $10.97M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $11.49M USD Point-in-time
Goodwill Goodwill $7.66M USD Point-in-time
Goodwill Goodwill $7.66M USD Point-in-time
Other assets OtherAssetsNoncurrent $512.00K USD Point-in-time
Other assets OtherAssetsNoncurrent $500.00K USD Point-in-time
Total assets Assets $109.70M USD Point-in-time
Total assets Assets $109.77M USD Point-in-time
Current maturities of long-term debt LongTermDebtCurrent $2.00M USD Point-in-time
Current maturities of long-term debt LongTermDebtCurrent $2.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $8.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $10.53M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $6.43M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $3.57M USD Point-in-time
Current liabilities of business from discontinued operations LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent $204.00K USD Point-in-time
Current liabilities of business from discontinued operations LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent $196.00K USD Point-in-time
Total current liabilities LiabilitiesCurrent $19.15M USD Point-in-time
Total current liabilities LiabilitiesCurrent $13.78M USD Point-in-time
Long-term debt, net of current maturities LongTermDebtNoncurrent $8.43M USD Point-in-time
Long-term debt, net of current maturities LongTermDebtNoncurrent $14.95M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $775.00K USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $774.00K USD Point-in-time
Pension liability DefinedBenefitPensionPlanLiabilitiesNoncurrent $4.19M USD Point-in-time
Pension liability DefinedBenefitPensionPlanLiabilitiesNoncurrent $4.33M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $386.00K USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $389.00K 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 5,458 at December 31, 2014 and 5,448 at September 30, 2014 CommonStockValue $5.46M USD Point-in-time
Common shares, par value $1 per share, authorized 10,000 shares; issued and outstanding shares 5,458 at December 31, 2014 and 5,448 at September 30, 2014 CommonStockValue $5.45M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $9.10M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $9.43M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $71.28M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $72.68M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-10.48M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-10.61M USD Point-in-time
Total shareholders equity StockholdersEquity $76.62M USD Point-in-time
Total shareholders equity StockholdersEquity $75.69M USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $109.70M USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $109.77M USD Point-in-time
Income Statement 48 line items
Line Item Tag Value Unit Period
Net sales SalesRevenueNet $20.08M USD 1 Quarter
Net sales SalesRevenueNet $26.65M USD 1 Quarter
Cost of goods sold CostOfGoodsSold $21.08M USD 1 Quarter
Cost of goods sold CostOfGoodsSold $17.08M USD 1 Quarter
Gross profit GrossProfit $3.00M USD 1 Quarter
Gross profit GrossProfit $5.57M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $4.44M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $3.46M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $520.00K USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $545.00K USD 1 Quarter
(Gain) on disposal of operating assets GainLossOnDispositionOfAssets $2.00K USD 1 Quarter
(Gain) on disposal of operating assets GainLossOnDispositionOfAssets - USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $-1.97M USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $1.57M USD 1 Quarter
Interest income InvestmentIncomeInterest $3.00K USD 1 Quarter
Interest income InvestmentIncomeInterest $4.00K USD 1 Quarter
Interest expense InterestExpense $60.00K USD 1 Quarter
Interest expense InterestExpense $85.00K USD 1 Quarter
Foreign currency exchange (gain) loss, net ForeignCurrencyTransactionGainLossBeforeTax $-5.00K USD 1 Quarter
Foreign currency exchange (gain) loss, net ForeignCurrencyTransactionGainLossBeforeTax $10.00K USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $107.00K USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $108.00K USD 1 Quarter
Income (loss) from continuing operations before income tax provision IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $1.59M USD 1 Quarter
Income (loss) from continuing operations before income tax provision IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-1.91M USD 1 Quarter
Income tax provision (benefit) IncomeTaxExpenseBenefit $436.00K USD 1 Quarter
Income tax provision (benefit) IncomeTaxExpenseBenefit $-560.00K USD 1 Quarter
Income (loss) from continuing operations IncomeLossFromContinuingOperations $-1.34M USD 1 Quarter
Income (loss) from continuing operations IncomeLossFromContinuingOperations $1.15M USD 1 Quarter
(Loss) from discontinued operations, net of tax IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity $-207.00K USD 1 Quarter
(Loss) from discontinued operations, net of tax IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity $-63.00K USD 1 Quarter
Net income (loss) NetIncomeLoss $947.00K USD 1 Quarter
Net income (loss) NetIncomeLoss $-1.41M USD 1 Quarter
Basic (in dollars per share) IncomeLossFromContinuingOperationsPerBasicShare $0.22 USD 1 Quarter
Basic (in dollars per share) IncomeLossFromContinuingOperationsPerBasicShare $-0.25 USD 1 Quarter
Diluted (in dollars per share) IncomeLossFromContinuingOperationsPerDilutedShare $0.21 USD 1 Quarter
Diluted (in dollars per share) IncomeLossFromContinuingOperationsPerDilutedShare $-0.25 USD 1 Quarter
Basic (in dollars per share) IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $-0.04 USD 1 Quarter
Basic (in dollars per share) IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $-0.01 USD 1 Quarter
Diluted (in dollars per share) IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $-0.01 USD 1 Quarter
Diluted (in dollars per share) IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $-0.04 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.18 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $-0.26 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.17 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $-0.26 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 5.42M 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 5.45M shares 1 Quarter
Cash Flow Statement 70 line items
Line Item Tag Value Unit Period
Net income (loss) NetIncomeLoss $947.00K USD 1 Quarter
Net income (loss) NetIncomeLoss $-1.41M USD 1 Quarter
Loss from discontinued operations, net of tax IncomeLossFromDiscontinuedOperationsNetOfTax $207.00K USD 1 Quarter
Loss from discontinued operations, net of tax IncomeLossFromDiscontinuedOperationsNetOfTax $63.00K USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $1.71M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $1.74M USD 1 Quarter
Gain on disposal of operating assets GainLossOnDispositionOfAssets $2.00K USD 1 Quarter
Gain on disposal of operating assets GainLossOnDispositionOfAssets - USD 1 Quarter
LIFO (income) expense InventoryLIFOReserveEffectOnIncomeNet $30.00K USD 1 Quarter
LIFO (income) expense 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 $337.00K USD 1 Quarter
Other long-term liabilities IncreaseDecreaseinOtherLongtermLiability $-7.00K USD 1 Quarter
Other long-term liabilities IncreaseDecreaseinOtherLongtermLiability $12.00K USD 1 Quarter
Deferred income taxes DeferredOtherTaxExpenseBenefit $41.00K USD 1 Quarter
Deferred income taxes DeferredOtherTaxExpenseBenefit $1.00K USD 1 Quarter
Receivables IncreaseDecreaseInReceivables $-6.00M USD 1 Quarter
Receivables IncreaseDecreaseInReceivables $-3.64M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $5.10M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $951.00K USD 1 Quarter
Refundable taxes IncreaseDecreaseInIncomeTaxesReceivable - USD 1 Quarter
Refundable taxes IncreaseDecreaseInIncomeTaxesReceivable $635.00K USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidExpense $246.00K USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidExpense $604.00K USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $15.00K USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $7.00K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-154.00K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-165.00K USD 1 Quarter
Other accrued liabilities IncreaseDecreaseInOtherOperatingLiabilities $-817.00K USD 1 Quarter
Other accrued liabilities IncreaseDecreaseInOtherOperatingLiabilities $-1.79M USD 1 Quarter
Accrued income and other taxes IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities $21.00K USD 1 Quarter
Accrued income and other taxes IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities $-531.00K USD 1 Quarter
Net cash provided by (used for) operating activities of continuing operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $4.03M USD 1 Quarter
Net cash provided by (used for) operating activities of continuing operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $-1.56M USD 1 Quarter
Net cash provided by (used for) operating activities of discontinued operations CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations $-9.00K USD 1 Quarter
Net cash provided by (used for) operating activities of discontinued operations CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations $86.00K USD 1 Quarter
Proceeds from disposal of operating assets ProceedsFromSaleOfMachineryAndEquipment - USD 1 Quarter
Proceeds from disposal of operating assets ProceedsFromSaleOfMachineryAndEquipment - USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $3.49M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $1.15M USD 1 Quarter
Net cash used for investing activities of continuing operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-3.49M USD 1 Quarter
Net cash used for investing activities of continuing operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-1.15M USD 1 Quarter
Net cash provided by investing activities of discontinued operations CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations - USD 1 Quarter
Net cash provided by investing activities of discontinued operations CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations $950.00K USD 1 Quarter
Payments on long term debt RepaymentsOfLongTermDebt $500.00K USD 1 Quarter
Payments on long term debt RepaymentsOfLongTermDebt $2.89M USD 1 Quarter
Proceeds from revolving credit agreement ProceedsFromLinesOfCredit $11.96M USD 1 Quarter
Proceeds from revolving credit agreement ProceedsFromLinesOfCredit $15.36M USD 1 Quarter
Repayments of revolving credit agreement RepaymentsOfLinesOfCredit $11.71M USD 1 Quarter
Repayments of revolving credit agreement RepaymentsOfLinesOfCredit $8.33M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $4.00K USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised - USD 1 Quarter
Cash dividends paid PaymentsOfDividendsCommonStock $1.08M USD 1 Quarter
Cash dividends paid PaymentsOfDividendsCommonStock $1.09M USD 1 Quarter
Net cash provided by (used for) financing activities of continuing operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-3.71M USD 1 Quarter
Net cash provided by (used for) financing activities of continuing operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $5.43M USD 1 Quarter
Increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $379.00K USD 1 Quarter
Increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $197.00K USD 1 Quarter
Cash and cash equivalents at the beginning of the period CashAndCashEquivalentsAtCarryingValue $4.97M 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 beginning of the period CashAndCashEquivalentsAtCarryingValue $4.51M USD Point-in-time
Cash and cash equivalents at the beginning of the period CashAndCashEquivalentsAtCarryingValue $4.60M USD Point-in-time
Cash and cash equivalents at the end of the period CashAndCashEquivalentsAtCarryingValue $4.97M USD Point-in-time
Cash and cash equivalents at the end 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 $4.60M USD Point-in-time
Cash paid for interest InterestPaidNet $71.00K USD 1 Quarter
Cash paid for interest InterestPaidNet $70.00K USD 1 Quarter
Cash paid for income taxes, net IncomeTaxesPaidNet $802.00K USD 1 Quarter
Cash paid for income taxes, net IncomeTaxesPaidNet $17.00K USD 1 Quarter
Comprehensive Income 10 line items
Line Item Tag Value Unit Period
Net income (loss) NetIncomeLoss $947.00K USD 1 Quarter
Net income (loss) NetIncomeLoss $-1.41M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax - USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax - USD 1 Quarter
Retirement plan liability adjustment OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-150.00K USD 1 Quarter
Retirement plan liability adjustment OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-129.00K USD 1 Quarter
Interest rate swap agreement adjustment OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $5.00K USD 1 Quarter
Interest rate swap agreement adjustment OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $9.00K USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax $-1.27M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax $1.11M USD 1 Quarter

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

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