10-Q Filing

SIFCO INDUSTRIES INC CIK: 90168 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-047712`
Period End Date	20111231
Filing Date	20120209
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	sif-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 34 Cash Flow Statement 64

Balance Sheet 70 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.43M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.78M	USD	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`	$8.27M	USD	Point-in-time
Serial preferred shares, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$20.85M	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
Receivables, net	`ReceivablesNetCurrent`	$20.74M	USD	Point-in-time
Common shares, shares authorized	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
Common shares, shares authorized	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
Inventories, net	`InventoryNet`	$17.07M	USD	Point-in-time
Inventories, net	`InventoryNet`	$10.24M	USD	Point-in-time
Common shares, shares issued	`CommonStockSharesIssued`	5.33M	shares	Point-in-time
Refundable income taxes	`IncomeTaxesReceivable`	$281.00K	USD	Point-in-time
Refundable income taxes	`IncomeTaxesReceivable`	$19.00K	USD	Point-in-time
Common shares, shares issued	`CommonStockSharesIssued`	5.33M	shares	Point-in-time
Common shares, shares outstanding	`CommonStockSharesOutstanding`	5.30M	shares	Point-in-time
Common shares, shares outstanding	`CommonStockSharesOutstanding`	5.30M	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.50M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.38M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	35,000.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.04M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	36,000.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$468.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$47.14M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$39.66M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$32.19M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$27.56M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$16.79M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$8.51M	USD	Point-in-time
Goodwill	`Goodwill`	$6.83M	USD	Point-in-time
Goodwill	`Goodwill`	$3.49M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$916.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$796.00K	USD	Point-in-time
Total assets	`Assets`	$103.87M	USD	Point-in-time
Total assets	`Assets`	$80.01M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$2.00M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$30.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$9.78M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.24M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$3.43M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$4.63M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$13.67M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.43M	USD	Point-in-time
Long-term debt, net of current maturities	`LongTermDebtNoncurrent`	$1.19M	USD	Point-in-time
Long-term debt, net of current maturities	`LongTermDebtNoncurrent`	$24.70M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$2.23M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$2.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$8.55M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$8.75M	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 - 5,334 at December 31, 2011 and 5,335 at September 30, 2011; outstanding shares - 5,299 at December 31, 2011 and September 30, 2011	`CommonStockValue`	$5.33M	USD	Point-in-time
Common shares, par value $1 per share, authorized 10,000 shares; issued shares - 5,334 at December 31, 2011 and 5,335 at September 30, 2011; outstanding shares - 5,299 at December 31, 2011 and September 30, 2011	`CommonStockValue`	$5.33M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.25M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.03M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$54.12M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$55.31M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-12.59M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-12.70M	USD	Point-in-time
Common shares held in treasury at cost, 35 shares at December 31, 2011 and 36 shares at September 30, 2011	`TreasuryStockValue`	$360.00K	USD	Point-in-time
Common shares held in treasury at cost, 35 shares at December 31, 2011 and 36 shares at September 30, 2011	`TreasuryStockValue`	$378.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$54.95M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$53.41M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$103.87M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$80.01M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$21.40M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$28.51M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$16.42M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$22.05M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.97M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.18M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$57.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$815.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$26.83M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$19.65M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.68M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.74M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$7.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$22.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$94.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$20.00K	USD	1 Quarter
Foreign currency exchange (gain) loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-4.00K	USD	1 Quarter
Foreign currency exchange (gain) loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$22.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$117.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$117.00K	USD	1 Quarter
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.86M	USD	1 Quarter
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.73M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$547.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$651.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.19M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.21M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.23	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.22	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.22	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.23	USD	1 Quarter
Weighted-average number of common shares (basic)	`WeightedAverageNumberOfSharesOutstandingBasic`	5.30M	shares	1 Quarter
Weighted-average number of common shares (basic)	`WeightedAverageNumberOfSharesOutstandingBasic`	5.26M	shares	1 Quarter
Weighted-average number of common shares (diluted)	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.33M	shares	1 Quarter
Weighted-average number of common shares (diluted)	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.29M	shares	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.19M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.21M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$620.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.66M	USD	1 Quarter
LIFO provision	`InventoryLIFOReservePeriodCharge`	$42.00K	USD	1 Quarter
LIFO provision	`InventoryLIFOReservePeriodCharge`	$159.00K	USD	1 Quarter
Share transactions under company stock plan	`ShareTransactionsUnderCompanyStockPlan`	$54.00K	USD	1 Quarter
Share transactions under company stock plan	`ShareTransactionsUnderCompanyStockPlan`	$239.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$6.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$54.00K	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$-1.08M	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$-3.66M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-678.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$3.17M	USD	1 Quarter
Refundable income taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$-572.00K	USD	1 Quarter
Refundable income taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$-262.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$374.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$126.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.64M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-1.88M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-379.00K	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-203.00K	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$53.00K	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$187.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.05M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.29M	USD	1 Quarter
Acquisition of business	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$22.67M	USD	1 Quarter
Acquisition of business	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$24.81M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$630.00K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$526.00K	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-23.30M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-25.34M	USD	1 Quarter
Proceeds from term note	`ProceedsFromIssuanceOfOtherLongTermDebt`	$10.00M	USD	1 Quarter
Proceeds from term note	`ProceedsFromIssuanceOfOtherLongTermDebt`	-	USD	1 Quarter
Repayments of term note	`RepaymentsOfOtherLongTermDebt`	$500.00K	USD	1 Quarter
Repayments of term note	`RepaymentsOfOtherLongTermDebt`	-	USD	1 Quarter
Proceeds from revolving credit agreement	`ProceedsFromLinesOfCredit`	$11.67M	USD	1 Quarter
Proceeds from revolving credit agreement	`ProceedsFromLinesOfCredit`	$25.89M	USD	1 Quarter
Repayments of revolving credit agreement	`RepaymentsOfLinesOfCredit`	$12.27M	USD	1 Quarter
Repayments of revolving credit agreement	`RepaymentsOfLinesOfCredit`	-	USD	1 Quarter
Proceeds from other debt	`ProceedsFromOtherDebt`	-	USD	1 Quarter
Proceeds from other debt	`ProceedsFromOtherDebt`	$2.40M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$789.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$1.06M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-28.00K	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-28.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$24.43M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.86M	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-10.39M	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$385.00K	USD	1 Quarter
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$6.43M	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$6.78M	USD	Point-in-time
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`	$8.27M	USD	Point-in-time
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-32.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-12.00K	USD	1 Quarter
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$6.43M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$6.78M	USD	Point-in-time
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`	$8.27M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$87.00K	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$13.00K	USD	1 Quarter
Cash paid for income taxes, net	`IncomeTaxesPaidNet`	$63.00K	USD	1 Quarter
Cash paid for income taxes, net	`IncomeTaxesPaidNet`	$115.00K	USD	1 Quarter

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