XML 39 R23.htm IDEA: XBRL DOCUMENT v3.23.4
Valuation and Qualifying Accounts
 12 Months Ended
Sep. 30, 2023
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, 2023 and 2022
(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, 2023
Deducted from asset accounts
Allowance for doubtful accounts$111 $143 $4 $(16)(a)$242 
Inventory valuation accounts¹5,084 188 — (930)(b)4,342 
Inventory LIFO reserve9,939 (305)— — 9,634 
Deferred tax valuation allowance7,717 2,574 (399)— 9,892 
Accrual for estimated liability
Workers’ compensation reserve912 285 — (638)(c)559 
Year Ended September 30, 2022
Deducted from asset accounts
Allowance for doubtful accounts167 (3)— (53)(a)111 
Inventory valuation accounts¹3,769 1,983 11 (679)(b)5,084 
Inventory LIFO reserve9,210 729 — —   9,939 
Deferred tax valuation allowance4,641 3,360 (284)—   7,717 
Accrual for estimated liability
Workers’ compensation reserve888 741 — (717)(c)912 
¹Inventory valuation accounts, previously Inventory obsolescence reserve, 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