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10-Q Filing

SIFCO INDUSTRIES INC CIK: 90168 Q1 2016
Filing Information
Form Type 10-Q
Accession Number 0000090168-16-000066
Period End Date 20151231
Filing Date 20160216
Fiscal Year 2016
Fiscal Period Q1
XBRL Instance sif-20151231.xml
Filing Contents
Balance Sheet 70 line items
Line Item Tag Value Unit Period
Receivables, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $716.00K USD Point-in-time
Receivables, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $1.13M 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 $4.60M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.34M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $667.00K USD Point-in-time
Serial preferred shares, number of shares authorized PreferredStockSharesAuthorized 1.00M shares Point-in-time
Receivables, net of allowance for doubtful accounts of $716 and $1,127, respectively ReceivablesNetCurrent $29.69M 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 $716 and $1,127, respectively ReceivablesNetCurrent $36.02M USD Point-in-time
Common shares, par value (in dollars per share) CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Common shares, number of shares authorized CommonStockSharesAuthorized 10.00M shares Point-in-time
Inventories, net InventoryNet $26.53M USD Point-in-time
Inventories, net InventoryNet $27.94M USD Point-in-time
Common shares, number of shares authorized CommonStockSharesAuthorized 10.00M shares Point-in-time
Refundable income taxes IncomeTaxesReceivable $3.88M USD Point-in-time
Common shares, number of shares issued CommonStockSharesIssued 5.47M shares Point-in-time
Refundable income taxes IncomeTaxesReceivable $2.52M USD Point-in-time
Common shares, number of shares issued CommonStockSharesIssued 5.47M shares Point-in-time
Common shares, number of shares outstanding CommonStockSharesOutstanding 5.47M shares Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $2.79M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $2.75M USD Point-in-time
Common shares, number of shares outstanding CommonStockSharesOutstanding 5.47M shares Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $1.45M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $1.60M USD Point-in-time
Total current assets AssetsCurrent $65.64M USD Point-in-time
Total current assets AssetsCurrent $71.53M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $54.87M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $52.71M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $12.88M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $13.27M USD Point-in-time
Goodwill Goodwill $16.48M USD Point-in-time
Goodwill Goodwill $15.58M USD Point-in-time
Other assets OtherAssetsNoncurrent $490.00K USD Point-in-time
Other assets OtherAssetsNoncurrent $544.00K USD Point-in-time
Total assets Assets $156.69M USD Point-in-time
Total assets Assets $147.30M USD Point-in-time
Current maturities of long-term debt LongTermDebtCurrent $10.50M USD Point-in-time
Current maturities of long-term debt LongTermDebtCurrent $10.82M USD Point-in-time
Accounts payable AccountsPayableCurrent $15.29M USD Point-in-time
Accounts payable AccountsPayableCurrent $14.20M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $8.45M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $8.57M USD Point-in-time
Total current liabilities LiabilitiesCurrent $34.67M USD Point-in-time
Total current liabilities LiabilitiesCurrent $33.15M USD Point-in-time
Total long-term debt LongTermDebtNoncurrent $38.43M USD Point-in-time
Total long-term debt LongTermDebtNoncurrent $30.88M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $4.85M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $4.16M USD Point-in-time
Pension liability DefinedBenefitPensionPlanLiabilitiesNoncurrent $6.60M USD Point-in-time
Pension liability DefinedBenefitPensionPlanLiabilitiesNoncurrent $6.74M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $452.00K USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $453.00K 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 5,466 at December 31, 2015 and 5,468 at September 30, 2015 CommonStockValue $5.47M USD Point-in-time
Common shares, par value $1 per share, authorized 10,000 shares; issued and outstanding shares 5,466 at December 31, 2015 and 5,468 at September 30, 2015 CommonStockValue $5.47M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $9.78M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $10.10M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $67.22M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $69.81M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-12.24M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-11.99M USD Point-in-time
Total shareholders equity StockholdersEquity $73.07M USD Point-in-time
Total shareholders equity StockholdersEquity $70.54M USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $156.69M USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $147.30M USD Point-in-time
Income Statement 48 line items
Line Item Tag Value Unit Period
Net sales SalesRevenueNet $27.16M USD 1 Quarter
Net sales SalesRevenueNet $20.08M USD 1 Quarter
Cost of goods sold CostOfGoodsSold $25.05M USD 1 Quarter
Cost of goods sold CostOfGoodsSold $17.08M USD 1 Quarter
Gross profit GrossProfit $2.11M USD 1 Quarter
Gross profit GrossProfit $3.00M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $5.62M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $4.44M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $714.00K USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $520.00K USD 1 Quarter
Loss on disposal of operating assets GainLossOnDispositionOfAssets $-2.00K USD 1 Quarter
Loss on disposal of operating assets GainLossOnDispositionOfAssets - USD 1 Quarter
Operating loss OperatingIncomeLoss $-1.97M USD 1 Quarter
Operating loss OperatingIncomeLoss $-4.23M USD 1 Quarter
Interest income InvestmentIncomeInterest $3.00K USD 1 Quarter
Interest income InvestmentIncomeInterest $9.00K USD 1 Quarter
Interest expense InterestExpense $408.00K USD 1 Quarter
Interest expense InterestExpense $60.00K USD 1 Quarter
Foreign currency exchange (gain) loss, net ForeignCurrencyTransactionGainLossBeforeTax $-14.00K 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 $107.00K USD 1 Quarter
Loss from continuing operations before income tax benefit IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-4.53M USD 1 Quarter
Loss from continuing operations before income tax benefit IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-1.91M USD 1 Quarter
Income tax benefit IncomeTaxExpenseBenefit $-560.00K USD 1 Quarter
Income tax benefit IncomeTaxExpenseBenefit $-1.94M USD 1 Quarter
Loss from continuing operations IncomeLossFromContinuingOperations $-2.60M USD 1 Quarter
Loss from continuing operations IncomeLossFromContinuingOperations $-1.34M USD 1 Quarter
Loss from discontinued operations, net of tax IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity $-63.00K USD 1 Quarter
Loss from discontinued operations, net of tax IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity - USD 1 Quarter
Net loss NetIncomeLoss $-1.41M USD 1 Quarter
Net loss NetIncomeLoss $-2.60M USD 1 Quarter
Basic (in dollars per share) IncomeLossFromContinuingOperationsPerBasicShare $-0.48 USD 1 Quarter
Basic (in dollars per share) IncomeLossFromContinuingOperationsPerBasicShare $-0.25 USD 1 Quarter
Diluted (in dollars per share) IncomeLossFromContinuingOperationsPerDilutedShare $-0.25 USD 1 Quarter
Diluted (in dollars per share) IncomeLossFromContinuingOperationsPerDilutedShare $-0.48 USD 1 Quarter
Basic (in dollars per share) IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare - USD 1 Quarter
Basic (in dollars per share) IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $-0.01 USD 1 Quarter
Diluted (in dollars per share) IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare - USD 1 Quarter
Diluted (in dollars per share) IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $-0.01 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $-0.48 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $-0.26 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $-0.26 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $-0.48 USD 1 Quarter
Weighted-average number of common shares (basic) (in shares) WeightedAverageNumberOfSharesOutstandingBasic 5.42M shares 1 Quarter
Weighted-average number of common shares (basic) (in shares) WeightedAverageNumberOfSharesOutstandingBasic 5.45M shares 1 Quarter
Weighted-average number of common shares (diluted) (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 5.45M shares 1 Quarter
Weighted-average number of common shares (diluted) (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 5.45M shares 1 Quarter
Cash Flow Statement 74 line items
Line Item Tag Value Unit Period
Net loss NetIncomeLoss $-1.41M USD 1 Quarter
Net loss NetIncomeLoss $-2.60M USD 1 Quarter
Loss from discontinued operations, net of tax IncomeLossFromDiscontinuedOperationsNetOfTax $63.00K USD 1 Quarter
Loss from discontinued operations, net of tax IncomeLossFromDiscontinuedOperationsNetOfTax - USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $1.71M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $2.78M USD 1 Quarter
Amortization on debt issuance cost AmortizationOfFinancingCosts $36.00K USD 1 Quarter
Amortization on debt issuance cost AmortizationOfFinancingCosts - USD 1 Quarter
LIFO expense InventoryLIFOReservePeriodCharge $34.00K USD 1 Quarter
LIFO expense InventoryLIFOReservePeriodCharge $30.00K USD 1 Quarter
Share transactions under company stock plan ShareTransactionsUnderCompanyStockPlan $317.00K USD 1 Quarter
Share transactions under company stock plan ShareTransactionsUnderCompanyStockPlan $337.00K USD 1 Quarter
Purchase price inventory adjustment InventoryLIFOReserveEffectOnIncomeNet $266.00K USD 1 Quarter
Purchase price inventory adjustment InventoryLIFOReserveEffectOnIncomeNet - USD 1 Quarter
Other long-term liabilities IncreaseDecreaseinOtherLongtermLiability $64.00K USD 1 Quarter
Other long-term liabilities IncreaseDecreaseinOtherLongtermLiability $-7.00K USD 1 Quarter
Deferred income taxes DeferredOtherTaxExpenseBenefit $-565.00K USD 1 Quarter
Deferred income taxes DeferredOtherTaxExpenseBenefit $1.00K USD 1 Quarter
Receivables IncreaseDecreaseInReceivables $-6.00M USD 1 Quarter
Receivables IncreaseDecreaseInReceivables $-6.16M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-944.00K USD 1 Quarter
Inventories IncreaseDecreaseInInventories $5.10M USD 1 Quarter
Refundable taxes IncreaseDecreaseInIncomeTaxesReceivable $1.37M USD 1 Quarter
Refundable taxes IncreaseDecreaseInIncomeTaxesReceivable $635.00K USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidExpense $-149.00K USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidExpense $604.00K USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $-303.00K USD 1 Quarter
Other assets IncreaseDecreaseInOtherOperatingAssets $7.00K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-165.00K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $1.56M USD 1 Quarter
Other accrued liabilities IncreaseDecreaseInOtherAccruedLiabilities $360.00K USD 1 Quarter
Other accrued liabilities IncreaseDecreaseInOtherAccruedLiabilities $-1.79M USD 1 Quarter
Accrued income and other taxes IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities $21.00K USD 1 Quarter
Accrued income and other taxes IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities $-151.00K USD 1 Quarter
Net cash provided by (used for) operating activities of continuing operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $8.28M USD 1 Quarter
Net cash provided by (used for) operating activities of continuing operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $-1.56M USD 1 Quarter
Net cash used for operating activities of discontinued operations CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations - USD 1 Quarter
Net cash used for operating activities of discontinued operations CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations $-9.00K USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $694.00K USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $3.49M USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $44.00K USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities - 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 $-738.00K USD 1 Quarter
Payments on long term debt RepaymentsOfLongTermDebt $500.00K USD 1 Quarter
Payments on long term debt RepaymentsOfLongTermDebt $1.28M USD 1 Quarter
Proceeds from revolving credit agreement ProceedsFromLinesOfCredit $3.70M USD 1 Quarter
Proceeds from revolving credit agreement ProceedsFromLinesOfCredit $15.36M USD 1 Quarter
Repayments of revolving credit agreement RepaymentsOfLinesOfCredit $8.33M USD 1 Quarter
Repayments of revolving credit agreement RepaymentsOfLinesOfCredit $9.83M USD 1 Quarter
Short-term debt borrowings ProceedsFromShortTermDebt $757.00K USD 1 Quarter
Short-term debt borrowings ProceedsFromShortTermDebt - USD 1 Quarter
Short-term debt repayments RepaymentsOfShortTermDebt - USD 1 Quarter
Short-term debt repayments RepaymentsOfShortTermDebt $226.00K USD 1 Quarter
Cash dividends paid PaymentsOfDividendsCommonStock $1.09M USD 1 Quarter
Cash dividends paid PaymentsOfDividendsCommonStock - USD 1 Quarter
Net cash provided by (used for) financing activities of continuing operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-6.88M 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 CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $662.00K USD 1 Quarter
Increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $379.00K 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 $4.60M USD Point-in-time
Cash and cash equivalents at the beginning of the period CashAndCashEquivalentsAtCarryingValue $1.34M USD Point-in-time
Cash and cash equivalents at the beginning of the period CashAndCashEquivalentsAtCarryingValue $667.00K USD Point-in-time
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $8.00K USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents - USD 1 Quarter
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 $4.60M USD Point-in-time
Cash and cash equivalents at the end of the period CashAndCashEquivalentsAtCarryingValue $1.34M USD Point-in-time
Cash and cash equivalents at the end of the period CashAndCashEquivalentsAtCarryingValue $667.00K USD Point-in-time
Cash paid for interest InterestPaidNet $70.00K USD 1 Quarter
Cash paid for interest InterestPaidNet $409.00K USD 1 Quarter
Cash paid for income taxes, net IncomeTaxesPaidNet $162.00K 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 loss NetIncomeLoss $-1.41M USD 1 Quarter
Net loss NetIncomeLoss $-2.60M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax - USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-447.00K USD 1 Quarter
Retirement plan liability adjustment OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-193.00K 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 - USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTax $-2.85M USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTax $-1.27M USD 1 Quarter

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

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