10-Q Filing

SIFCO INDUSTRIES INC CIK: 90168 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-223536`
Period End Date	20120331
Filing Date	20120510
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	sif-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 68 Cash Flow Statement 68

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
Serial preferred shares, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.01M	USD	Point-in-time
Serial preferred shares, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.46M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.67M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$20.74M	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`	$23.73M	USD	Point-in-time
Common shares, shares authorized	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
Inventories, net	`InventoryNet`	$18.24M	USD	Point-in-time
Common shares, shares authorized	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
Inventories, net	`InventoryNet`	$10.24M	USD	Point-in-time
Common shares, shares issued	`CommonStockSharesIssued`	5.35M	shares	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`	$38.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.39M	USD	Point-in-time
Common shares, shares outstanding	`CommonStockSharesOutstanding`	5.35M	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
Treasury stock, shares	`TreasuryStockShares`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.07M	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`	$51.49M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$39.66M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$32.03M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$27.56M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$15.83M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$8.51M	USD	Point-in-time
Goodwill	`Goodwill`	$3.49M	USD	Point-in-time
Goodwill	`Goodwill`	$7.03M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.02M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$796.00K	USD	Point-in-time
Total assets	`Assets`	$80.01M	USD	Point-in-time
Total assets	`Assets`	$107.39M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$30.00K	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$2.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$11.17M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$9.78M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$4.63M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$3.80M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$16.97M	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`	$22.71M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$2.12M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$2.23M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$8.75M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$8.37M	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 - 5,350 at March 31, 2012 and 5,335 at September 30, 2011; outstanding shares - 5,350 at March 31, 2012 and 5,299 at September 30, 2011	`CommonStockValue`	$5.33M	USD	Point-in-time
Common shares, par value $1 per share, authorized 10,000 shares; issued shares - 5,350 at March 31, 2012 and 5,335 at September 30, 2011; outstanding shares - 5,350 at March 31, 2012 and 5,299 at September 30, 2011	`CommonStockValue`	$5.35M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.03M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.14M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$57.03M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$54.12M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-12.70M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-12.29M	USD	Point-in-time
Common shares held in treasury at cost, no shares at March 31, 2012 and 36 shares at September 30, 2011	`TreasuryStockValue`	-	USD	Point-in-time
Common shares held in treasury at cost, no shares at March 31, 2012 and 36 shares at September 30, 2011	`TreasuryStockValue`	$378.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$53.41M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$57.23M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$80.01M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$107.39M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$34.08M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$62.59M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$48.20M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$26.80M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$26.60M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$36.30M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$48.65M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$19.88M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$6.49M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$4.10M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$8.07M	USD	2 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.32M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$742.00K	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$662.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$1.48M	USD	2 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$685.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$23.88M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$58.20M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$31.37M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$43.53M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$2.92M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$2.71M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$4.39M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$4.67M	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$11.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$33.00K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$3.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$10.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$64.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$44.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$228.00K	USD	2 Qtrs
Interest expense	`InterestExpense`	$134.00K	USD	1 Quarter
Foreign currency exchange (gain) loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-5.00K	USD	1 Quarter
Foreign currency exchange (gain) loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-3.00K	USD	1 Quarter
Foreign currency exchange (gain) loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-9.00K	USD	2 Qtrs
Foreign currency exchange (gain) loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$19.00K	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$234.00K	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$235.00K	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$118.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$117.00K	USD	1 Quarter
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.70M	USD	1 Quarter
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.43M	USD	2 Qtrs
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.00M	USD	1 Quarter
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.86M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$1.01M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$1.52M	USD	2 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$972.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$1.66M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$2.91M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$3.20M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.72M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.00M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.32	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.55	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$0.38	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.61	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.32	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.60	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.38	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.55	USD	2 Qtrs
Weighted-average number of common shares (basic)	`WeightedAverageNumberOfSharesOutstandingBasic`	5.30M	shares	2 Qtrs
Weighted-average number of common shares (basic)	`WeightedAverageNumberOfSharesOutstandingBasic`	5.32M	shares	1 Quarter
Weighted-average number of common shares (basic)	`WeightedAverageNumberOfSharesOutstandingBasic`	5.27M	shares	1 Quarter
Weighted-average number of common shares (basic)	`WeightedAverageNumberOfSharesOutstandingBasic`	5.26M	shares	2 Qtrs
Weighted-average number of common shares (diluted)	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.34M	shares	1 Quarter
Weighted-average number of common shares (diluted)	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.31M	shares	1 Quarter
Weighted-average number of common shares (diluted)	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.33M	shares	2 Qtrs
Weighted-average number of common shares (diluted)	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.30M	shares	2 Qtrs

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$2.91M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$3.20M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.72M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.25M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.00M	USD	2 Qtrs
LIFO provision	`InventoryLIFOReservePeriodCharge`	$428.00K	USD	2 Qtrs
LIFO provision	`InventoryLIFOReservePeriodCharge`	$225.00K	USD	2 Qtrs
Share transactions under employee stock plans	`ShareBasedCompensation`	$47.00K	USD	2 Qtrs
Share transactions under employee stock plans	`ShareBasedCompensation`	$498.00K	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-7.00K	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-50.00K	USD	2 Qtrs
Receivables	`IncreaseDecreaseInReceivables`	$-705.00K	USD	2 Qtrs
Receivables	`IncreaseDecreaseInReceivables`	$-1.08M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$4.44M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$2.02M	USD	2 Qtrs
Refundable income taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$-243.00K	USD	2 Qtrs
Refundable income taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$-692.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-71.00K	USD	2 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$452.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.12M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.04M	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$149.00K	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-68.00K	USD	2 Qtrs
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$266.00K	USD	2 Qtrs
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-44.00K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.12M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$7.41M	USD	2 Qtrs
Acquisition of business	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$24.72M	USD	2 Qtrs
Acquisition of business	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$22.57M	USD	2 Qtrs
Maturity of short-term investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$3.00M	USD	2 Qtrs
Maturity of short-term investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	-	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$1.26M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$1.64M	USD	2 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-25.98M	USD	2 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-21.21M	USD	2 Qtrs
Proceeds from term note	`ProceedsFromIssuanceOfOtherLongTermDebt`	$10.00M	USD	2 Qtrs
Proceeds from term note	`ProceedsFromIssuanceOfOtherLongTermDebt`	-	USD	2 Qtrs
Repayments of term note	`RepaymentsOfOtherLongTermDebt`	-	USD	2 Qtrs
Repayments of term note	`RepaymentsOfOtherLongTermDebt`	$1.00M	USD	2 Qtrs
Proceeds from revolving credit agreement	`ProceedsFromLinesOfCredit`	$37.02M	USD	2 Qtrs
Proceeds from revolving credit agreement	`ProceedsFromLinesOfCredit`	$12.91M	USD	2 Qtrs
Repayments of revolving credit agreement	`RepaymentsOfLinesOfCredit`	$9.54M	USD	2 Qtrs
Repayments of revolving credit agreement	`RepaymentsOfLinesOfCredit`	$24.81M	USD	2 Qtrs
Proceeds from other debt	`ProceedsFromOtherDebt`	$2.30M	USD	2 Qtrs
Proceeds from other debt	`ProceedsFromOtherDebt`	-	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$1.06M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$789.00K	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-56.00K	USD	2 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-28.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$22.42M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.53M	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$553.00K	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-11.27M	USD	2 Qtrs
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`	$7.01M	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$7.46M	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$18.67M	USD	Point-in-time
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$25.00K	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-58.00K	USD	2 Qtrs
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`	$7.01M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$7.46M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$18.67M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$19.00K	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$201.00K	USD	2 Qtrs
Cash paid for income taxes, net	`IncomeTaxesPaidNet`	$1.16M	USD	2 Qtrs
Cash paid for income taxes, net	`IncomeTaxesPaidNet`	$813.00K	USD	2 Qtrs

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