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Valuation and Qualifying Accounts | 12 Months Ended
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Sep. 30, 2024
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract] |
Valuation and Qualifying Accounts | Schedule II SIFCO Industries, Inc. and Subsidiaries Valuation and Qualifying Accounts Years Ended September 30, 2024 and 2023 (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, 2024 |  |  |  |  |  |  |  |  |  |
Deducted from asset accounts |  |  |  |  |  |  |  |  |  |
Allowance for credit losses | $ | 237 |  |  | $ | (90) |  |  | $ | — |  |  | $ | (30) |  | (a) |  | $ | 117 |
Inventory valuation accounts ¹ | 2,164 |  |  | 489 |  |  | — |  |  | 80 |  | (b) |  | 2,733 |
Inventory LIFO reserve | 9,634 |  |  | 862 |  |  | — |  |  | — |  |  |  | 10,496 |
Deferred tax valuation allowance | 9,112 |  |  | 2,000 |  |  | (212) |  |  | — |  |  |  | 10,900 |
Accrual for estimated liability |  |  |  |  |  |  |  |  |  |
Workers’ compensation reserve | 559 |  |  | (49) |  |  | — |  |  | (207) |  | (c) |  | 303 |
Year Ended September 30, 2023 |  |  |  |  |  |  |  |  |  |
Deducted from asset accounts |  |  |  |  |  |  |  |  |  |
Allowance for credit losses | 59 |  |  | 194 |  |  | — |  |  | (16) |  | (a) |  | 237 |
Inventory valuation accounts ¹ | 3,337 |  |  | (304) |  |  | — |  |  | (869) |  | (b) |  | 2,164 |
Inventory LIFO reserve | 9,940 |  |  | (306) |  |  | — |  |  | — |  |  |  | 9,634 |
Deferred tax valuation allowance | 6,977 |  |  | 2,534 |  |  | (399) |  |  | — |  |  |  | 9,112 |
Accrual for estimated liability |  |  |  |  |  |  |  |  |  |
Workers’ compensation reserve | 912 |  |  | 285 |  |  | — |  |  | (638) |  | (c) |  | 559 |
Note: all historical amounts have been retrospectively adjusted to represent balances and activity from continuing operations. ¹ Inventory valuation accounts reflect the impact of excess and obsolete and net realizable value inventory write downs. (a) Accounts determined to be uncollectible, net of recoveries (b) Inventory sold or otherwise disposed (c) Payment of workers’ compensation claims

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- Definition The entire disclosure for valuation and qualifying accounts and reserves. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-X (SX) -Number 210 -Section 12 -Subsection 09 -Publisher SEC Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 4 -Subparagraph (SX 210.12-09) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-4 + Details
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- References No definition available. + Details
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