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Valuation and Qualifying Accounts
12 Months Ended
Sep. 30, 2021
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, 2021 and 2020
(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, 2021
Deducted from asset accounts
Allowance for doubtful accounts$249 $(91)$— $(a)$167 
Inventory obsolescence reserve3,676 (50)(180)(2)(b)3,444 
Inventory LIFO reserve8,286 924 9,210 
Deferred tax valuation allowance5,329 345 (1,033)4,641 
Accrual for estimated liability
Workers’ compensation reserve546 1,241 (53)(846)(c)888 
Year Ended September 30, 2020
Deducted from asset accounts
Allowance for doubtful accounts592 (80)— (263)(a)249 
Inventory obsolescence reserve¹3,335 518 (151)(26)(b)3,676 
Inventory LIFO reserve¹8,296 (10)— —   8,286 
Deferred tax valuation allowance7,557 (2,362)134 —   5,329 
Accrual for estimated liability
Workers’ compensation reserve181 703 — (338)(c)546 
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