XML 37 R22.htm IDEA: XBRL DOCUMENT v3.20.4
Valuation and Qualifying Accounts
 12 Months Ended
Sep. 30, 2020
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, 2020 and 2019
(Amounts in thousands)
 
Balance at
Beginning
of Period		Additions
(Reductions)
Charged to
Expense		Additions
(Reductions)
Charged to
Other
Accounts		DeductionsBalance at
End of
Period
Year Ended September 30, 2020
Deducted from asset accounts
Allowance for doubtful accounts$592 (80)— (263)(a)$249 
Inventory obsolescence reserve3,335 518 (151)(26)(b)$3,676 
Inventory LIFO reserve8,296 (10)— — $8,286 
Deferred tax valuation allowance7,557 (2,362)134 —$5,329 
Accrual for estimated liability
Workers’ compensation reserve181 703 — (338)(c)$546 
Year Ended September 30, 2019
Deducted from asset accounts
Allowance for doubtful accounts$520 $39 $— $33 (a)$592 
Inventory obsolescence reserve¹3,556 517 (106)(632)(b)3,335 
Inventory LIFO reserve¹8,371 (75)— —   8,296 
Deferred tax valuation allowance8,400 (1,817)974 —   7,557 
Accrual for estimated liability
Workers’ compensation reserve136 395 — (350)(c)181 
¹ Due to the adoption of Topic 606, there was impact to the opening balance for these accounts.
 
(a) Accounts determined to be uncollectible, net of recoveries
(b) Inventory sold or otherwise disposed
(c) Payment of workers’ compensation claims