10-Q Filing

SIFCO INDUSTRIES INC CIK: 90168 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0001193125-11-218654`
Period End Date	20110630
Filing Date	20110811
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	sif-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 68 Cash Flow Statement 64

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Serial preferred shares, par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Serial preferred shares, par value	`PreferredStockNoParValue`	-	USD	Point-in-time
Serial preferred shares, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Serial preferred shares, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.67M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.51M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$24.71M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.88M	USD	Point-in-time
Common shares, par value	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common shares, par value	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	-	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$3.02M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$18.83M	USD	Point-in-time
Common shares, shares authorized	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$17.18M	USD	Point-in-time
Common shares, shares authorized	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
Inventories, net	`InventoryNet`	$6.27M	USD	Point-in-time
Common shares, shares issued	`CommonStockSharesIssued`	5.33M	shares	Point-in-time
Common shares, shares issued	`CommonStockSharesIssued`	5.33M	shares	Point-in-time
Inventories, net	`InventoryNet`	$10.03M	USD	Point-in-time
Common shares, shares outstanding	`CommonStockSharesOutstanding`	5.29M	shares	Point-in-time
Common shares, shares outstanding	`CommonStockSharesOutstanding`	5.26M	shares	Point-in-time
Refundable income taxes	`IncomeTaxesReceivable`	$692.00K	USD	Point-in-time
Refundable income taxes	`IncomeTaxesReceivable`	$261.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.50M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.50M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	66,000.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	49,000.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$627.00K	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$629.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$47.97M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$37.76M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$20.75M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$27.71M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	-	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$9.09M	USD	Point-in-time
Goodwill	`Goodwill`	$3.49M	USD	Point-in-time
Goodwill	`Goodwill`	-	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$996.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$935.00K	USD	Point-in-time
Total assets	`Assets`	$69.65M	USD	Point-in-time
Total assets	`Assets`	$79.06M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$57.00K	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$108.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.20M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.94M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$4.29M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$3.72M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.33M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.98M	USD	Point-in-time
Long-term debt, net of current maturities	`LongTermDebtNoncurrent`	$35.00K	USD	Point-in-time
Long-term debt, net of current maturities	`LongTermDebtNoncurrent`	$2.18M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$2.40M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$2.36M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$6.30M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$6.88M	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 shares - 5,335 at June 30, 2011 and 5,325 at September 30, 2010; outstanding shares - 5,286 at June 30, 2011 and 5,258 at September 30, 2010	`CommonStockValue`	$5.33M	USD	Point-in-time
Common shares, par value $1 per share, authorized 10,000 shares; issued shares - 5,335 at June 30, 2011 and 5,325 at September 30, 2010; outstanding shares - 5,286 at June 30, 2011 and 5,258 at September 30, 2010	`CommonStockValue`	$5.33M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.10M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.98M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$53.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$47.73M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-11.31M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-10.63M	USD	Point-in-time
Unearned compensation - restricted common shares	`DeferredCompensationEquity`	$101.00K	USD	Point-in-time
Unearned compensation - restricted common shares	`DeferredCompensationEquity`	-	USD	Point-in-time
Common shares held in treasury at cost, 49 shares at June 30, 2011 and 66 shares at September 30, 2010	`TreasuryStockValue`	$512.00K	USD	Point-in-time
Common shares held in treasury at cost, 49 shares at June 30, 2011 and 66 shares at September 30, 2010	`TreasuryStockValue`	$692.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$54.20M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$48.04M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$79.06M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$69.65M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$28.88M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$19.48M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$77.08M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$60.67M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$58.37M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$15.19M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$46.20M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$22.07M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$9.92M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.42M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$2.93M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$8.68M	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$587.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	-	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$1.33M	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	-	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$18.12M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$69.62M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$54.88M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$26.09M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.36M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$2.79M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$7.46M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$5.79M	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$13.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$36.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$5.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$38.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$88.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$24.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$16.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$49.00K	USD	3 Qtrs
Foreign currency exchange (gain) loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-19.00K	USD	3 Qtrs
Foreign currency exchange (gain) loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-10.00K	USD	1 Quarter
Foreign currency exchange (gain) loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$32.00K	USD	1 Quarter
Foreign currency exchange (gain) loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$48.00K	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$118.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$117.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$352.00K	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$352.00K	USD	3 Qtrs
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.18M	USD	3 Qtrs
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.51M	USD	1 Quarter
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.74M	USD	3 Qtrs
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.88M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$2.47M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$815.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$2.18M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$523.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$984.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.06M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.26M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$4.00M	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.75	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.39	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$1.00	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.18	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.99	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.75	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.18	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.39	USD	1 Quarter
Weighted-average number of common shares (basic)	`WeightedAverageNumberOfSharesOutstandingBasic`	5.32M	shares	1 Quarter
Weighted-average number of common shares (basic)	`WeightedAverageNumberOfSharesOutstandingBasic`	5.29M	shares	1 Quarter
Weighted-average number of common shares (basic)	`WeightedAverageNumberOfSharesOutstandingBasic`	5.31M	shares	3 Qtrs
Weighted-average number of common shares (basic)	`WeightedAverageNumberOfSharesOutstandingBasic`	5.27M	shares	3 Qtrs
Weighted-average number of common shares (diluted)	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.36M	shares	3 Qtrs
Weighted-average number of common shares (diluted)	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.31M	shares	3 Qtrs
Weighted-average number of common shares (diluted)	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.36M	shares	1 Quarter
Weighted-average number of common shares (diluted)	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.33M	shares	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$984.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.06M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.26M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$4.00M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.38M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.06M	USD	3 Qtrs
LIFO provision	`InventoryLIFOReservePeriodCharge`	$270.00K	USD	3 Qtrs
LIFO provision	`InventoryLIFOReservePeriodCharge`	$401.00K	USD	3 Qtrs
Share transactions under employee stock plans	`ShareBasedCompensation`	$210.00K	USD	3 Qtrs
Share transactions under employee stock plans	`ShareBasedCompensation`	$277.00K	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$5.00K	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$82.00K	USD	3 Qtrs
Receivables	`IncreaseDecreaseInReceivables`	$334.00K	USD	3 Qtrs
Receivables	`IncreaseDecreaseInReceivables`	$-3.29M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$190.00K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$1.30M	USD	3 Qtrs
Refundable income taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$-885.00K	USD	3 Qtrs
Refundable income taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$-431.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$469.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$624.00K	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$375.00K	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$31.00K	USD	3 Qtrs
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$121.00K	USD	3 Qtrs
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-77.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.38M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$10.63M	USD	3 Qtrs
Acquisition of business	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$22.57M	USD	3 Qtrs
Acquisition of business	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	3 Qtrs
Maturity of short-term investments	`ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments`	$3.00M	USD	3 Qtrs
Maturity of short-term investments	`ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments`	-	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$4.96M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$2.42M	USD	3 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-40.00K	USD	3 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-76.00K	USD	3 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-21.91M	USD	3 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.92M	USD	3 Qtrs
Proceeds from revolving credit agreement	`ProceedsFromLinesOfCredit`	$23.00M	USD	3 Qtrs
Proceeds from revolving credit agreement	`ProceedsFromLinesOfCredit`	-	USD	3 Qtrs
Repayments of revolving credit agreement	`RepaymentsOfLinesOfCredit`	-	USD	3 Qtrs
Repayments of revolving credit agreement	`RepaymentsOfLinesOfCredit`	$20.82M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$789.00K	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$529.00K	USD	3 Qtrs
Repurchase of common shares	`PaymentsForRepurchaseOfCommonStock`	$125.00K	USD	3 Qtrs
Repurchase of common shares	`PaymentsForRepurchaseOfCommonStock`	-	USD	3 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-85.00K	USD	3 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-81.00K	USD	3 Qtrs
Net cash provided by (used for) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.30M	USD	3 Qtrs
Net cash provided by (used for) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-735.00K	USD	3 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-12.22M	USD	3 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.97M	USD	3 Qtrs
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$18.67M	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$6.51M	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$24.71M	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$19.88M	USD	Point-in-time
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$66.00K	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-135.00K	USD	3 Qtrs
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$18.67M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$6.51M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$24.71M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$19.88M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$44.00K	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$39.00K	USD	3 Qtrs
Cash paid for income taxes, net	`IncomeTaxesPaidNet`	$1.73M	USD	3 Qtrs
Cash paid for income taxes, net	`IncomeTaxesPaidNet`	$628.00K	USD	3 Qtrs

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