Valuation and Qualifying Accounts

12 Months Ended

Sep. 30, 2012

Valuation and Qualifying Accounts [Abstract]

Valuation and Qualifying Accounts

Schedule II

SIFCO Industries, Inc. and Subsidiaries

Valuation and Qualifying Accounts

Years Ended September 30, 2012 and 2011

(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, 2012
Deducted from asset accounts
Allowance for doubtful accounts	$	664	$	164		$	108		$	(322	)(a)	$	614
Inventory obsolescence reserve		1,398		32			365			(77	)(b)		1,718
Inventory LIFO reserve		7,974		1,563			0			0			9,537
Asset impairment reserve		1,152		0			0			(106	)(c)		1,046
Deferred tax valuation allowance		452		127			0			0			579
Accrual for estimated liability
Workers’ compensation reserve		674		170			(6	)		(170	)(d)		668
Year Ended September 30, 2011
Deducted from asset accounts
Allowance for doubtful accounts	$	582	$	196		$	19		$	(133	)(a)	$	664
Inventory obsolescence reserve		1,191		171			267			(231	)(b)		1,398
Inventory LIFO reserve		7,495		479			0			0			7,974
Asset impairment reserve		933		219			0			0	(c)		1,152
Deferred tax valuation allowance		464		(12	)		0			0			452
Accrual for estimated liability
Workers’ compensation reserve		945		20			30			(321	)(d)		674

(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