10-Q Filing

SIFCO INDUSTRIES INC CIK: 90168 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-345196`
Period End Date	20120630
Filing Date	20120809
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	sif-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 60 Cash Flow Statement 74

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
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`	$7.12M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.43M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$18.67M	USD	Point-in-time
Common shares, par value	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.51M	USD	Point-in-time
Common shares, par value	`CommonStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Common shares, shares authorized	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$24.17M	USD	Point-in-time
Common shares, shares authorized	`CommonStockSharesAuthorized`	10.00M	shares	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$20.74M	USD	Point-in-time
Common shares, shares issued	`CommonStockSharesIssued`	5.36M	shares	Point-in-time
Common shares, shares issued	`CommonStockSharesIssued`	5.33M	shares	Point-in-time
Inventories, net	`InventoryNet`	$10.24M	USD	Point-in-time
Inventories, net	`InventoryNet`	$19.14M	USD	Point-in-time
Refundable income taxes	`IncomeTaxesReceivable`	-	USD	Point-in-time
Common shares, shares outstanding	`CommonStockSharesOutstanding`	5.36M	shares	Point-in-time
Common shares, shares outstanding	`CommonStockSharesOutstanding`	5.30M	shares	Point-in-time
Refundable income taxes	`IncomeTaxesReceivable`	$281.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.27M	USD	Point-in-time
Treasury stock shares	`TreasuryStockShares`	-	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$1.50M	USD	Point-in-time
Treasury stock shares	`TreasuryStockShares`	36,000.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$1.14M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$468.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$52.84M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$39.66M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$31.52M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$27.56M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$15.32M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$8.51M	USD	Point-in-time
Goodwill	`Goodwill`	$3.49M	USD	Point-in-time
Goodwill	`Goodwill`	$7.01M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$796.00K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$1.03M	USD	Point-in-time
Total assets	`Assets`	$107.72M	USD	Point-in-time
Total assets	`Assets`	$80.01M	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`	$9.78M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.10M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$4.63M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$4.65M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.75M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$14.43M	USD	Point-in-time
Long-term debt, net of current maturities	`LongTermDebtNoncurrent`	$23.14M	USD	Point-in-time
Long-term debt, net of current maturities	`LongTermDebtNoncurrent`	$1.19M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$1.89M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$2.23M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$7.97M	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 5,363 at June 30, 2012 and 5,335 at September 30, 2011; outstanding shares 5,363 at June 30, 2012 and 5,299 at September 30, 2011	`CommonStockValue`	$5.36M	USD	Point-in-time
Common shares, par value $1 per share; authorized 10,000 shares; issued shares 5,363 at June 30, 2012 and 5,335 at September 30, 2011; outstanding shares 5,363 at June 30, 2012 and 5,299 at September 30, 2011	`CommonStockValue`	$5.33M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.03M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$7.38M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$54.12M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$59.47M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-12.26M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-12.70M	USD	Point-in-time
Common shares held in treasury at cost, no shares at June 30, 2012 and 36 shares at September 30, 2011	`TreasuryStockValue`	$378.00K	USD	Point-in-time
Common shares held in treasury at cost, no shares at June 30, 2012 and 36 shares at September 30, 2011	`TreasuryStockValue`	-	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$59.96M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$53.41M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$107.72M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$80.01M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$93.56M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$30.97M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$77.08M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$28.88M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$23.05M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$22.07M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$71.69M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$58.37M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.42M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$9.92M	USD	3 Qtrs
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$3.92M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$11.99M	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$1.33M	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.19M	USD	3 Qtrs
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$709.00K	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$587.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$26.09M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$27.67M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$85.87M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$69.62M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$7.69M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$3.29M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$2.79M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$7.46M	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$5.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$8.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$18.00K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$38.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$88.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$124.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$352.00K	USD	3 Qtrs
Interest expense	`InterestExpense`	$24.00K	USD	1 Quarter
Foreign currency exchange (gain) loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-19.00K	USD	3 Qtrs
Foreign currency exchange (gain) loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$9.00K	USD	1 Quarter
Foreign currency exchange (gain) loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$28.00K	USD	3 Qtrs
Foreign currency exchange (gain) loss, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-10.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$349.00K	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$114.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$352.00K	USD	3 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$118.00K	USD	1 Quarter
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.73M	USD	3 Qtrs
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.88M	USD	1 Quarter
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$7.74M	USD	3 Qtrs
Income before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.30M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$861.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$815.00K	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$2.47M	USD	3 Qtrs
Income tax provision	`IncomeTaxExpenseBenefit`	$2.38M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$5.35M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$2.06M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.44M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.26M	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$1.01	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$1.00	USD	3 Qtrs
Basic	`EarningsPerShareBasic`	$0.46	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.39	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.99	USD	3 Qtrs
Diluted	`EarningsPerShareDiluted`	$0.46	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.39	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$1.00	USD	3 Qtrs

Cash Flow Statement 74 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$5.35M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$2.06M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.44M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.26M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$4.97M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.06M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.71M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.06M	USD	3 Qtrs
LIFO provision	`InventoryLIFOReservePeriodCharge`	$215.00K	USD	1 Quarter
LIFO provision	`InventoryLIFOReservePeriodCharge`	$643.00K	USD	3 Qtrs
LIFO provision	`InventoryLIFOReservePeriodCharge`	$176.00K	USD	1 Quarter
LIFO provision	`InventoryLIFOReservePeriodCharge`	$401.00K	USD	3 Qtrs
Share transactions under employee stock plans	`ShareTransactionsUnderCompanyStockPlan`	$753.00K	USD	3 Qtrs
Share transactions under employee stock plans	`ShareTransactionsUnderCompanyStockPlan`	$210.00K	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$87.00K	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$82.00K	USD	3 Qtrs
Receivables	`IncreaseDecreaseInReceivables`	$334.00K	USD	3 Qtrs
Receivables	`IncreaseDecreaseInReceivables`	$-222.00K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$1.30M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$5.60M	USD	3 Qtrs
Refundable income taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$-431.00K	USD	3 Qtrs
Refundable income taxes	`IncreaseDecreaseInIncomeTaxesReceivable`	$-281.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$-117.00K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidExpense`	$518.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$624.00K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.02M	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$1.03M	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$31.00K	USD	3 Qtrs
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$431.00K	USD	3 Qtrs
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$40.00K	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.38M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$4.59M	USD	3 Qtrs
Acquisition of business	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$22.57M	USD	3 Qtrs
Acquisition of business	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$24.89M	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`	$1.79M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$2.42M	USD	3 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-1.00K	USD	3 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-76.00K	USD	3 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-26.68M	USD	3 Qtrs
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-21.91M	USD	3 Qtrs
Proceeds from term note	`ProceedsFromIssuanceOfOtherLongTermDebt`	$10.00M	USD	3 Qtrs
Proceeds from term note	`ProceedsFromIssuanceOfOtherLongTermDebt`	-	USD	3 Qtrs
Repayments of term note	`RepaymentsOfOtherLongTermDebt`	-	USD	3 Qtrs
Repayments of term note	`RepaymentsOfOtherLongTermDebt`	$1.50M	USD	3 Qtrs
Proceeds from revolving credit agreement	`ProceedsFromLinesOfCredit`	$23.00M	USD	3 Qtrs
Proceeds from revolving credit agreement	`ProceedsFromLinesOfCredit`	$48.18M	USD	3 Qtrs
Repayments of revolving credit agreement	`RepaymentsOfLinesOfCredit`	$35.06M	USD	3 Qtrs
Repayments of revolving credit agreement	`RepaymentsOfLinesOfCredit`	$20.82M	USD	3 Qtrs
Proceeds from other debt	`ProceedsFromOtherDebt`	-	USD	3 Qtrs
Proceeds from other debt	`ProceedsFromOtherDebt`	$2.30M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$789.00K	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$1.06M	USD	3 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-30.00K	USD	3 Qtrs
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-85.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.30M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$22.84M	USD	3 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$748.00K	USD	3 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-12.22M	USD	3 Qtrs
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$7.12M	USD	Point-in-time
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`	$18.67M	USD	Point-in-time
Cash and cash equivalents at the beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$6.51M	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`	$-60.00K	USD	3 Qtrs
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$7.12M	USD	Point-in-time
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`	$18.67M	USD	Point-in-time
Cash and cash equivalents at the end of the period	`CashAndCashEquivalentsAtCarryingValue`	$6.51M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$314.00K	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	$44.00K	USD	3 Qtrs
Cash paid for income taxes, net	`IncomeTaxesPaidNet`	$1.73M	USD	3 Qtrs
Cash paid for income taxes, net	`IncomeTaxesPaidNet`	$1.85M	USD	3 Qtrs

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