XML 97 R16.htm IDEA: XBRL DOCUMENT v2.4.0.8
Business Acquisition
9 Months Ended
Jun. 30, 2013
Business Combinations [Abstract]  
Business Acquisition
Business Acquisition
On October 28, 2011, through its wholly-owned subsidiary, Forge Acquisition, LLC, now known as Quality Aluminum Forge, LLC, the Company completed the acquisition of the QAF business. This forging business is operated in QAF’s Orange and Long Beach, California facilities, all of which are leased. The QAF purchase transaction was accounted for under the purchase method of accounting.
The results of operation of QAF from its date of acquisition are included in the Company’s unaudited consolidated condensed statements of operations and are reported in the SIFCO Forged Components segment. The following unaudited pro forma information presents a summary of the results of operations for the Company including QAF as if the acquisition had occurred on October 1, 2011: 
 
Nine Months Ended June 30, 2012
Net sales
$
83,661

Net income
5,375

Net income per share (basic)
$
1.00

Net income per share (diluted)
1.00