XML 93 R21.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Valuation and Qualifying Accounts | 12 Months Ended
--- | ---
Sep. 30, 2013
Valuation and Qualifying Accounts [Abstract] |
Valuation and Qualifying Accounts | Schedule II SIFCO Industries, Inc. and Subsidiaries Valuation and Qualifying Accounts Years Ended September 30, 2013 and 2012 (Amounts in thousands)
| Balance at Beginning of Period |  | Additions (Reductions) Charged to Expense |  | Additions (Reductions) Charged to Other Accounts |  | Deductions |  |  | Balance at End of Period
Year Ended September 30, 2013 |  |  |  |  |  |  |  |  |  |
Deducted from asset accounts |  |  |  |  |  |  |  |  |  |
Allowance for doubtful accounts | $ | 500 |  |  | $ | 81 |  |  | $ | 47 |  |  | $ | (147 | ) | (a) |  | $ | 481 |
Inventory obsolescence reserve | 1,192 |  |  | 520 |  |  | (318 | ) |  | — |  | (b) |  | 1,394 |
Inventory LIFO reserve | 9,537 |  |  | (1,560 | ) |  | — |  |  | — |  |  |  | 7,977 |
Asset impairment reserve | 757 |  |  | 72 |  |  | — |  |  | (757 | ) | (c) |  | 72 |
Deferred tax valuation allowance | 579 |  |  | 139 |  |  | — |  |  | — |  |  |  | 718 |
Accrual for estimated liability |  |  |  |  |  |  |  |  |  |
Workers’ compensation reserve | 663 |  |  | 82 |  |  | — |  |  | (1 | ) | (d) |  | 744 |
Year Ended September 30, 2012 |  |  |  |  |  |  |  |  |  |
Deducted from asset accounts |  |  |  |  |  |  |  |  |  |
Allowance for doubtful accounts | $ | 502 |  |  | $ | 107 |  |  | $ | 107 |  |  | $ | (216 | ) | (a) |  | $ | 500 |
Inventory obsolescence reserve | 968 |  |  | (136 | ) |  | 365 |  |  | (5 | ) | (b) |  | 1,192 |
Inventory LIFO reserve | 7,974 |  |  | 1,563 |  |  | — |  |  | — |  |  |  | 9,537 |
Asset impairment reserve | 757 |  |  | — |  |  | — |  |  | — |  | (c) |  | 757 |
Deferred tax valuation allowance | 452 |  |  | 127 |  |  | — |  |  | — |  |  |  | 579 |
Accrual for estimated liability |  |  |  |  |  |  |  |  |  |
Workers’ compensation reserve | 655 |  |  | 173 |  |  | (6 | ) |  | (159 | ) | (d) |  | 663 |
(a) | Accounts determined to be uncollectible, net of recoveries
(b) | Inventory sold or otherwise disposed
(c) | Equipment sold or otherwise disposed
(d) | Payment of workers’ compensation claims

X
- Definition The entire disclosure for any allowance and reserve accounts (their beginning and ending balances, as well as a reconciliation by type of activity during the period). Alternatively, disclosure of the required information may be within the footnotes to the financial statements or a supplemental schedule to the financial statements. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 09 -Article 12 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e24092-122690 + Details
Name: | us-gaap_ScheduleOfValuationAndQualifyingAccountsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_ValuationAndQualifyingAccountsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration