Company: SIF
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0000090168-25-000012
Chunk: 4

Company: SIFCO INDUSTRIES INC
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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 of discontinued operations before income tax expense                   58                               —                
  Income tax expense on gain from sale of discontinued operations                     —                                —                
  Income from discontinued operations, net of tax                                     $                       106      $           647  

3. Inventories

Inventories consist of:

                                  December 31,                 September 30,             
  Raw materials and supplies      $                 1,494      $                  1,044  
  Work-in-process                                   1,649                         3,419  
  Finished goods                                    2,540                         1,767  
  Total inventories, net          $                 5,683      $                  6,230  

For a portion of the Company’s inventory, cost is determined using the last-in, first-out (“ LIFO”) method. Approximately 37 30

from interim results as they are subject to adjustments based on the differences between the estimates and the actual results. The first-in, first-out (“ FIFO”) method is used for the remainder of the inventories, which are stated at the lower of cost or net realizable value (“ NRV”). If the FIFO method had been used for the inventories for which cost is determined using the LIFO method, inventories would have been $ 10,997 10,496 3,054 2,733

4. Accumulated Other Comprehensive Income (Loss)

The components of accumulated other comprehensive loss are as follows:

                                                        December 31,               September 30,                
  Foreign currency translation adjustment               $                 —        $                  ( 5,554)  
  Retirement plan liability adjustment, net of tax      186                        163                          
  Interest rate swap agreement, net of tax              —                          2                            
  Total accumulated other comprehensive loss            $                 186      $                  ( 5,389)  

During the three months ended December 31, 2024, the Company reclassified $ 5,554

5. Leases

The components of lease expense were as follows:

                                                             2024               2023  
 ──────────────────────────────────────────────────────────────────────────────────────
  Finance lease expense:                                                              
  Amortization of right-of use assets on finance leases      $          11      $     
  Interest on lease liabilities                              1                  —     
  Operating lease expense                                    415                409   
  Variable lease cost                                        15                 20    
  Total lease expense                                        $         442      $     

The