Haynes International (HAYN) 10-K20 Nov 142014 FY Annual reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
Document and Entity Information (USD $)	Sep. 30, 2014	Nov. 19, 2014	Mar. 31, 2014
Document and Entity Information	'	'	'
Entity Registrant Name	'HAYNES INTERNATIONAL INC	'	'
Entity Central Index Key	'0000858655	'	'
Document Type	'10-K	'	'
Document Period End Date	30-Sep-14	'	'
Amendment Flag	'false	'	'
Current Fiscal Year End Date	'--09-30	'	'
Entity Well-known Seasoned Issuer	'No	'	'
Entity Voluntary Filers	'No	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Filer Category	'Accelerated Filer	'	'
Entity Public Float	'	'	$494,333,982
Entity Common Stock, Shares Outstanding	'	12,418,471	'
Document Fiscal Year Focus	'2014	'	'
Document Fiscal Period Focus	'FY	'	'

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2014	Sep. 30, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Current assets:	'	'
Cash and cash equivalents	$45,871	$68,326
Accounts receivable, less allowance for doubtful accounts of $1,199 and $861,	72,439	82,562
Inventories	254,027	232,157
Income taxes receivable	3,235	4,433
Deferred income taxes	6,297	6,018
Other current assets	2,964	2,408
Total current assets	384,833	395,904
Property, plant and equipment, net	174,083	152,764
Deferred income taxes-long term portion	44,639	41,301
Prepayments and deferred charges	2,031	2,282
Other intangible assets, net	5,185	5,601
Total assets	610,771	597,852
Current liabilities:	'	'
Accounts payable	41,957	27,600
Accrued expenses	13,213	13,676
Accrued pension and postretirement benefits	4,572	4,918
Deferred revenue-current portion	2,500	2,500
Total current liabilities	62,242	48,694
Long-term obligations (less current portion)	745	767
Deferred revenue (less current portion)	27,829	30,329
Accrued pension benefits	72,315	68,310
Accrued postretirement benefits	100,910	93,949
Accrued pension and postretirement benefits	173,225	162,259
Total liabilities	264,041	242,049
Commitments and contingencies (Note 6)	'	'
Stockholders' equity:	'	'
Common stock, $0.001 par value (40,000,000 shares authorized, 12,342,585 and 12,434,748 shares issued and 12,332,592 and 12,418,471 outstanding at September 30, 2013 and September 30, 2014, respectively)	12	12
Additional paid-in capital	242,387	238,941
Accumulated earnings	166,999	174,154
Treasury stock, 9,993 shares at September 30, 2013 and 16,277 shares at September 30, 2014	-840	-505
Accumulated other comprehensive loss	-61,828	-56,799
Total stockholders' equity	346,730	355,803
Total liabilities and stockholders' equity	$610,771	$597,852

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Sep. 30, 2014	Sep. 30, 2013
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
CONSOLIDATED BALANCE SHEETS	'	'
Accounts receivable, allowance for doubtful accounts (in dollars)	$861	$1,199
Common stock, par value (in dollars per share)	$0.00	$0.00
Common stock, shares authorized (in shares)	40,000,000	40,000,000
Common stock, shares issued (in shares)	12,434,748	12,342,585
Common stock, shares outstanding (in shares)	12,418,471	12,332,592
Preferred stock, par value (in dollars per share)	$0.00	$0.00
Preferred stock, shares authorized (in shares)	20,000,000	20,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Treasury stock, shares (in shares)	16,277	9,993

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
CONSOLIDATED STATEMENTS OF OPERATIONS	'	'	'
Net revenues	$455,410	$482,746	$579,561
Cost of sales	408,112	409,120	458,721
Gross profit	47,298	73,626	120,840
Selling, general and administrative expense	38,693	38,165	40,661
Research and technical expense	3,556	3,505	3,285
Operating income (loss)	5,049	31,956	76,894
Interest income	-139	-114	-188
Interest expense	68	72	87
Income (loss) before income taxes	5,120	31,998	76,995
Provision for (benefit from) income taxes	1,369	10,421	26,813
Net income (loss)	$3,751	$21,577	$50,182
Net income (loss) per share:	'	'	'
Basic (in dollars per share)	$0.30	$1.75	$4.09
Diluted (in dollars per share)	$0.30	$1.74	$4.07
Dividend declared per common share (in dollars per share)	$0.88	$0.88	$0.88

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)	'	'	'
Net income (loss)	$3,751	$21,577	$50,182
Other comprehensive income (loss), net of tax:	'	'	'
Pension and post-retirement	-4,038	41,280	-16,741
Foreign currency translation adjustment	-991	1,012	698
Other comprehensive income (loss)	-5,029	42,292	-16,043
Comprehensive income (loss)	($1,278)	$63,869	$34,139

CONSOLIDATED_STATEMENTS_OF_STO

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (USD $)	Common Stock	Additional Paid-in Capital	Accumulated Earnings	Treasury Stock	Accumulated Other Comprehensive Income (Loss)	Total
In Thousands, except Share data, unless otherwise specified	Common Stock	Additional Paid-in Capital	Accumulated Earnings	Treasury Stock	Accumulated Other Comprehensive Income (Loss)	Total
Balance at Sep. 30, 2011	$12	$231,842	$124,047	'	($83,048)	$272,853
Balance (in shares) at Sep. 30, 2011	12,204,179	'	'	'	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'
Net income	'	'	50,182	'	'	50,182
Dividends paid ($0.80, $0.88 and $0.88 per share for the year ended September 30, 2012, 2013 and 2014, respectively)	'	'	-10,803	'	'	-10,803
Other comprehensive income (loss)	'	'	'	'	-16,043	-16,043
Exercise of stock options	'	2,782	'	'	'	2,782
Exercise of stock options (in shares)	77,611	'	'	'	'	'
Tax impact of forfeited vested options	'	48	'	'	'	48
Issue restricted stock (less forfeitures) (in shares)	6,000	'	'	'	'	'
Stock compensation	'	2,079	'	'	'	2,079
Balance at Sep. 30, 2012	12	236,751	163,426	'	-99,091	301,098
Balance (in shares) at Sep. 30, 2012	12,287,790	'	'	'	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'
Net income	'	'	21,577	'	'	21,577
Dividends paid ($0.80, $0.88 and $0.88 per share for the year ended September 30, 2012, 2013 and 2014, respectively)	'	'	-10,849	'	'	-10,849
Other comprehensive income (loss)	'	'	'	'	42,292	42,292
Exercise of stock options	'	1,092	'	'	'	1,092
Exercise of stock options (in shares)	30,545	'	'	'	'	'
Tax impact of forfeited vested options	'	-185	'	'	'	-185
Tax impact of dividends on restricted stock	'	29	'	'	'	29
Issue restricted stock (less forfeitures) (in shares)	24,250	'	'	'	'	'
Purchase of treasury stock	'	'	'	-505	'	-505
Purchase of treasury stock (in shares)	-9,993	'	'	'	'	'
Stock compensation	'	1,254	'	'	'	1,254
Balance at Sep. 30, 2013	12	238,941	174,154	-505	-56,799	355,803
Balance (in shares) at Sep. 30, 2013	12,332,592	'	'	'	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'
Net income	'	'	3,751	'	'	3,751
Dividends paid ($0.80, $0.88 and $0.88 per share for the year ended September 30, 2012, 2013 and 2014, respectively)	'	'	-10,906	'	'	-10,906
Other comprehensive income (loss)	'	'	'	'	-5,029	-5,029
Exercise of stock options	'	1,519	'	'	'	1,519
Exercise of stock options (in shares)	54,913	'	'	'	'	'
Tax impact of vesting and dividends on restricted stock	'	158	'	'	'	158
Issue restricted stock (less forfeitures) (in shares)	37,250	'	'	'	'	'
Purchase of treasury stock	'	'	'	-335	'	-335
Purchase of treasury stock (in shares)	-6,284	'	'	'	'	'
Stock compensation	'	1,769	'	'	'	1,769
Balance at Sep. 30, 2014	$12	$242,387	$166,999	($840)	($61,828)	$346,730
Balance (in shares) at Sep. 30, 2014	12,418,471	'	'	'	'	'

CONSOLIDATED_STATEMENTS_OF_STO1

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) (USD $)	12 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY	'	'	'
Dividends paid (in dollars per share)	$0.88	$0.88	$0.80

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Cash flows from operating activities:	'	'	'
Net income (loss)	$3,751	$21,577	$50,182
Adjustments to reconcile net income (loss) to net cash provided by operating activities:	'	'	'
Depreciation	15,861	13,744	12,520
Amortization	416	416	423
Pension and post-retirement expense - U.S. and U.K.	10,293	16,173	15,590
Change in long-term obligations	-22	-153	-245
Stock compensation expense	1,769	1,254	2,079
Excess tax benefit from option exercises and restricted stock vesting	-614	-494	-1,147
Deferred revenue	-2,500	-2,500	-2,500
Deferred income taxes	-1,954	6,171	5,658
Loss on disposition of property	500	418	203
Change in assets and liabilities:	'	'	'
Accounts receivable	9,893	18,630	-12,700
Inventories	-22,275	31,507	-12,326
Other assets	-336	-1,324	1,309
Accounts payable and accrued expenses	15,722	-12,165	-17,242
Income taxes	2,522	341	-5
Accrued pension and postretirement benefits	-6,080	-20,191	-21,018
Net cash provided by operating activities	26,946	73,404	20,781
Cash flows from investing activities:	'	'	'
Additions to property, plant and equipment	-39,694	-41,550	-25,937
Net cash used in investing activities	-39,694	-41,550	-25,937
Cash flows from financing activities:	'	'	'
Dividends paid	-10,906	-10,849	-10,803
Proceeds from exercise of stock options	1,063	598	1,635
Payment for purchase of treasury stock	-335	-505	'
Excess tax benefit from option exercises and restricted stock vesting	614	494	1,147
Payment on long-term obligations	'	-100	-123
Net cash used in financing activities	-9,564	-10,362	-8,144
Effect of exchange rates on cash	-143	94	-22
Decrease in cash and cash equivalents	-22,455	21,586	-13,322
Cash and cash equivalents:	'	'	'
Cash and cash equivalents, beginning of period	68,326	46,740	60,062
Cash and cash equivalents, end of period	45,871	68,326	46,740
Cash paid during period for:	'	'	'
Interest (net of capitalized interest)	3	7	22
Income taxes paid (net of refunds)	811	3,578	21,341
Capital expenditures incurred but not yet paid	$1,293	$2,890	$2,360

Background_and_Organization

Background and Organization	12 Months Ended
Background and Organization	Sep. 30, 2014
Background and Organization	'
Background and Organization	'
	Note 1 Background and Organization
	Description of Business
	Haynes International, Inc. and its subsidiaries (the "Company" or "Haynes") develops, manufactures, markets and distributes technologically advanced, high-performance alloys primarily for use in the aerospace, land-based gas turbine and chemical processing industries. The Company's products are high-temperature resistant alloys ("HTA") and corrosion-resistant alloys ("CRA"). The Company's HTA products are used by manufacturers of equipment that is subjected to extremely high temperatures, such as jet engines for the aerospace industry, gas turbine engines for power generation, waste incineration and industrial heating equipment. The Company's CRA products are used in applications that require resistance to extreme corrosion, such as chemical processing, power plant emissions control and hazardous waste treatment. The Company produces its high-performance alloys primarily in sheet, coil and plate forms. In addition, the Company produces its products as seamless and welded tubulars, and in slab, bar, billets and wire forms.
	High-performance alloys are characterized by highly engineered often proprietary, metallurgical formulations primarily of nickel, cobalt and other metals with complex physical properties. The complexity of the manufacturing process for high-performance alloys is reflected in the Company's relatively high average selling price per pound, compared to the average selling price of other metals, such as carbon steel sheet, stainless steel sheet and aluminum. The high-performance alloy industry has significant barriers to entry such as the combination of (i) demanding end-user specifications, (ii) a multi-stage manufacturing process and (iii) the technical sales, marketing and manufacturing expertise required to develop new applications.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	12 Months Ended
Summary of Significant Accounting Policies	Sep. 30, 2014
Summary of Significant Accounting Policies	'
Summary of Significant Accounting Policies	'
	Note 2 Summary of Significant Accounting Policies
	A. Principles of Consolidation and Nature of Operations
	The consolidated financial statements include the accounts of Haynes International, Inc. and its wholly-owned subsidiaries. All intercompany transactions and balances are eliminated. The Company has manufacturing facilities in Kokomo, Indiana; Mountain Home, North Carolina; and Arcadia, Louisiana with distribution service centers in Lebanon, Indiana; LaMirada, California; Houston, Texas; Windsor, Connecticut; Openshaw, England; Lenzburg, Switzerland; Shanghai, China; and sales offices in Paris, France; Zurich, Switzerland; Singapore; Milan, Italy; Chennai, India; and Tokyo, Japan.
	B. Cash and Cash Equivalents
	The Company considers all highly liquid investment instruments, including investments with original maturities of three months or less at acquisition, to be cash equivalents, the carrying value of which approximates fair value due to the short maturity of these investments.
	C. Accounts Receivable
	The Company maintains allowances for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments. The Company markets its products to a diverse customer base, both in the United States of America and overseas. Trade credit is extended based upon evaluation of each customer's ability to perform its obligation, which is updated periodically. The Company purchases credit insurance for certain foreign trade receivables.
	D. Revenue Recognition
	The Company recognizes revenue when collectability is reasonably assured and when title passes to the customer, which is generally at the time of shipment with freight terms of FOB shipping point or at a foreign port for certain export customers. Allowances for sales returns are recorded as a component of net sales in the periods in which the related sales are recognized. The Company determines this allowance based on historical experience. Additionally, the Company recognizes revenue attributable to an up-front fee received from Titanium Metals Corporation ("TIMET") as a result of a twenty-year agreement, entered into on November, 17, 2006 to provide conversion services to TIMET. See Note 15 Deferred Revenue for a description of accounting treatment relating to this up-front fee.
	E. Inventories
	Inventories are stated at the lower of cost or market. The cost of inventories is determined using the first-in, first-out ("FIFO") method. The Company writes down its inventory for estimated obsolescence or unmarketable inventory in an amount equal to the difference between the cost of inventory and the estimated market or scrap value, if applicable, based upon assumptions about future demand and market conditions.
	F. Intangible Assets
	The Company has patents, trademarks and other intangibles. As the patents have a definite life, they are amortized over lives ranging from two to fourteen years. The Company reviews patents for impairment whenever events or circumstances indicate that the carrying amount of a patent may not be recoverable. Recoverability of the patent asset is measured by a comparison of the carrying amount of the asset to the undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized in the amount by which the carrying amount exceeds the fair value of the asset.
	As the trademarks have an indefinite life, the Company tests them for impairment at least annually as of August 31 (the annual impairment testing date). If the carrying value exceeds the fair value (determined by calculating a fair value based upon a discounted cash flow of an assumed royalty rate), impairment of the trademark may exist resulting in a charge to earnings to the extent of the impairment. No impairment was recognized in the years ended September 30, 2013 or 2014 because the fair value exceeded the carrying values. The Company has a non-compete agreement with a remaining life of eight months.
	Amortization of the patents, non-competes and other intangibles was $423, $416 and $416 for the years ended September 30, 2012, 2013 and 2014, respectively. The following represents a summary of intangible assets at September 30, 2013 and 2014:

	September 30, 2013		Gross			Accumulated			Carrying
	September 30, 2013		Amount			Amortization			Amount
	Patents		$	4,030		$	(2,533	)	$	1,497
	Trademarks			3,800			—			3,800
	Non-compete			500			(381	)		119
	Other			330			(145	)		185

			$	8,660		$	(3,059	)	$	5,601




	September 30, 2014		Gross			Accumulated			Carrying
	September 30, 2014		Amount			Amortization			Amount
	Patents		$	4,030		$	(2,813	)	$	1,217
	Trademarks			3,800			—			3,800
	Non-compete			500			(452	)		48
	Other			330			(210	)		120

			$	8,660		$	(3,475	)	$	5,185




	Estimate of Aggregate Amortization Expense:
	Year Ended September 30,
	2015			392
	2016			333
	2017			279
	2018			279
	2019			102
	Thereafter			—
	G. Property, Plant and Equipment
	Additions to property, plant and equipment are recorded at cost with depreciation calculated primarily by using the straight-line method based on estimated economic useful lives which are generally as follows:

	Building and improvements		40 years
	Machinery and equipment		5-14 years
	Office equipment and computer software		3-10 years
	Land improvements		20 years
	Expenditures for maintenance and repairs and minor renewals are charged to expense; major renewals are capitalized. Upon retirement or sale of assets, the cost of the disposed assets and the related accumulated depreciation are removed from the accounts and any resulting gain or loss is credited or charged to operations.
	The Company records capitalized interest for long-term construction projects to capture the cost of capital committed prior to the placed in service date as a part of the historical cost of acquiring the asset. Interest is not capitalized when balance on the revolver is zero.
	The Company reviews long-lived assets for impairment whenever events or circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of long-lived assets to be held and used is measured by a comparison of the carrying amount of the asset to the undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized in the amount by which the carrying amount exceeds the fair value of the asset. There was no triggering event during the years ended September 30, 2013 or 2014 and thus no impairment was recognized.
	H. Environmental Remediation
	When it is probable that a liability has been incurred or an asset of the Company has been impaired, a loss is recognized assuming the amount of the loss can be reasonably estimated. The measurement of environmental liabilities by the Company is based on currently available facts, present laws and regulations and current technology. Such estimates take into consideration the expected costs of post-closure monitoring based on historical experience.
	I. Pension and Postretirement Benefits
	The Company has defined benefit pension and postretirement plans covering most of its current and former employees. Significant elements in determining the assets or liabilities and related income or expense for these plans are the expected return on plan assets, the discount rate used to value future payment streams, expected trends in health care costs, and other actuarial assumptions. Annually, the Company evaluates the significant assumptions to be used to value its pension and postretirement plan assets and liabilities based on current market conditions and expectations of future costs. If actual results are less favorable than those projected by management, additional expense may be required in future periods. Salaried employees hired after December 31, 2005 and hourly employees hired after June 30, 2007 are not covered by the pension plan; however, they are eligible for an enhanced matching program of the defined contribution plan (401(k)). Effective December 31, 2007, the U.S. pension plan was amended to freeze benefits for all non-union employees in the U.S. Effective September 30, 2009, the U.K. pension plan was amended to freeze benefits for employees in the plan. Effective January 1, 2007 a plan amendment of the postretirement medical plan caps the Company's liability related to retiree health care costs at $5,000 annually.
	J. Foreign Currency Exchange
The Company's foreign operating entities' financial statements are denominated in the functional currencies of each respective country, which are the local currencies. All assets and liabilities are translated to U.S. dollars using exchange rates in effect at the end of the year, and revenues and expenses are translated at the weighted average rate for the year. Translation gains or losses are recorded as a separate component of comprehensive income (loss) and transaction gains and losses are reflected in the consolidated statements of operations.
K. Research and Technical Costs
Research and technical costs related to the development of new products and processes are expensed as incurred. Research and technical costs for the years ended September 30, 2012, 2013 and 2014 were $3,285, $3,505 and $3,556, respectively.
L. Income Taxes
The Company accounts for deferred tax assets and liabilities using enacted tax rates for the effect of temporary differences between book and tax basis of recorded assets and liabilities. A valuation allowance is required if it is more likely than not that some portion or all of the deferred tax assets will not be realized. The determination of whether or not a valuation allowance is needed is based upon an evaluation of both positive and negative evidence. In its evaluation of the need for a valuation allowance, the Company utilizes prudent and feasible tax planning strategies. The ultimate amount of deferred tax assets realized could be different from those recorded, as influenced by potential changes in enacted tax laws and the availability of future taxable income. The Company records uncertain tax positions in accordance with ASC 740 on the basis of a two-step process whereby (1) it is determined whether it is more likely than not that the tax positions will be sustained based on the technical merits of the position and (2) those tax positions that meet the more-likely-than-not recognition threshold, we recognize the largest amount of tax benefit that is greater than 50 percent likely to be realized upon ultimate settlement with the related tax authority.
M. Stock Based Compensation
Restricted Stock Plan
On February 23, 2009, the Company adopted a restricted stock plan that reserved 400,000 shares of common stock for issuance. Grants of restricted stock are shares of the Company's common stock subject to transfer restrictions, which vest in accordance with the terms and conditions established by the Compensation Committee. The Compensation Committee may set restrictions on certain grants based on the achievement of specific performance goals and vesting of grants to participants will also be time-based.
Restricted stock grants are subject to forfeiture if employment or service terminates prior to the end of the vesting period or if the performance goals are not met, if applicable. The Company will assess, on an ongoing basis, the probability of whether the performance criteria will be achieved. The Company will recognize compensation expense over the performance period if it is deemed probable that the goals will be achieved. The fair value of the Company's restricted stock is determined based upon the closing price of the Company's common stock on the grant date. The plan provides for the adjustment of the number of shares covered by an outstanding grant and the maximum number of shares for which restricted stock may be granted in the event of a stock split, extraordinary dividend or distribution or similar recapitalization event.
Stock Option Plans
The Company has two stock option plans that authorize the granting of non-qualified stock options to certain key employees and non-employee directors for the purchase of a maximum of 1,500,000 shares of the Company's common stock. The original option plan was adopted in August 2004 pursuant to the plan of reorganization and provides for the grant of options to purchase up to 1,000,000 shares of the Company's common stock. In January 2007, the Company's Board of Directors adopted a second option plan that provides for options to purchase up to 500,000 shares of the Company's common stock. Each plan provides for the adjustment of the maximum number of shares for which options may be granted in the event of a stock split, extraordinary dividend or distribution or similar recapitalization event. Unless the Compensation Committee determines otherwise, options granted under the option plans are exercisable for a period of ten years from the date of grant and vest 331/3% per year over three years from the grant date. The amount of compensation cost recognized in the financial statement is measured based upon the grant date fair value. The fair value of the option grants is estimated on the date of grant using the Black-Scholes option pricing model with assumptions on dividend yield, risk-free interest rate, expected volatilities, expected forfeiture rate and expected lives of the options.
N. Financial Instruments and Concentrations of Risk
The Company may periodically enter into forward currency exchange contracts to minimize the variability in the Company's operating results arising from foreign exchange rate movements. The Company does not engage in foreign currency speculation. At September 30, 2013 and 2014, the Company had no foreign currency exchange contracts outstanding.
Financial instruments which potentially subject the Company to concentrations of credit risk consist of cash and cash equivalents and accounts receivable. At September 30, 2014, and periodically throughout the year, the Company has maintained cash balances in excess of federally insured limits. The carrying amounts of cash and cash equivalents, accounts receivable and accounts payable approximate fair value because of the relatively short maturity of these instruments.
During 2012, 2013 and 2014, the Company did not have sales to any group of affiliated customers that were greater than 10% of net revenues. The Company generally does not require collateral with the exception of letters of credit with certain foreign sales. Credit losses have been within management's expectations. In addition, the Company purchases credit insurance for certain foreign trade receivables. The Company does not believe it is significantly vulnerable to the risk of near-term severe impact from business concentrations with respect to customers, suppliers, products, markets or geographic areas.
O. Accounting Estimates
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. On an on-going basis, management evaluates its estimates and judgments, including those related to bad debts, inventories, income taxes, asset impairment, retirement benefits, and environmental matters. The process of determining significant estimates is fact specific and takes into account factors such as historical experience, current and expected economic conditions, product mix, pension asset mix and in some cases, actuarial techniques, and various other factors that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. The Company routinely reevaluates these significant factors and makes adjustments where facts and circumstances dictate. Actual results may differ from these estimates under different assumptions or conditions.
P. Earnings Per Share
The Company accounts for earnings per share using the two-class method. The two-class method is an earnings allocation that determines net income per share for each class of common stock and participating securities according to participation rights in undistributed earnings. Non-vested restricted stock awards that include non-forfeitable rights to dividends are considered participating securities. Per share amounts are computed by dividing net income attributable to common shareholders by the weighted average shares outstanding during each period. Basic earnings per share is computed by dividing net income available to common stockholders for the period by the weighted average number of common shares outstanding for the period. The computation of diluted earnings per share is similar to basic earnings per share, except the denominator is increased to include the number of additional common shares that would have been outstanding if the potentially dilutive common shares had been issued.
Basic and diluted net income per share were computed as follows:

		Years Ended September 30,
(in thousands, except share and per share data)		2012			2013			2014
Numerator: Basic and Diluted
Net income		$	50,182		$	21,577		$	3,751
Dividends paid			(10,803	)		(10,849	)		(10,906	)

Undistributed income (loss)			39,379			10,728			(7,155	)
Percentage allocated to common shares(a)			99.1	%		99.1	%		99.2	%
Undistributed income (loss) allocated to common shares			39,025			10,637			(7,098
Undistributed income (loss) allocated to common shares			39,025			10,637			(7,098	)
Dividends paid on common shares outstanding			10,705			10,754			10,819

Net income available to common shares			49,730			21,391			3,721
Denominator: Basic and Diluted
Denominator: Basic and Diluted
Weighted average common shares outstanding			12,147,179			12,223,838			12,291,881
Adjustment for dilutive potential common shares			68,852			41,792			29,819

Weighted average shares outstanding—Diluted			12,216,031			12,265,630			12,321,700
Per common share net income (loss)
Per common share net income (loss)
Basic		$	4.09		$	1.75		$	0.3
Diluted		$	4.07		$	1.74		$	0.3
Number of stock option shares excluded as their effect would be anti-dilutive			98,630			170,623			180,435
Number of restrictive stock option shares as their effect would be anti-dilutive			111,000			106,575			98,463

(a) Percentage allocated to common shares—weighted average
Common shares outstanding			12,147,179			12,223,838			12,291,881
Unvested participating shares			111,000			106,575			98,463

			12,258,179			12,330,413			12,390,344
Q. Recently Issued Accounting Pronouncements
In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). The objective of the update is to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. It is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. The Company is currently evaluating the methods of adoption allowed by the new standard and the effect, if any, on its financial statements.
In June 2014, the FASB issued ASU 2014-12, Compensation-Stock Compensation (Topic 718). Accounting for Share-Based Payments When the Terms of an Award Provide that a Performance Target Could Be Achieved after the Requisite Service Period. This update is intended to resolve the diverse accounting treatment of those awards in practice. The amendment is effective for annual and interim periods within those annual periods beginning after December 15, 2015. Early adoption is permitted. The Company is evaluating the effect, if any, on its financial statements.
In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements-Going Concern (Subtopic 310-40). The amendments in this update provide guidance in GAAP about management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern and to provide related footnote disclosures. In doing so, the amendments should reduce diversity in the timing and content of footnote disclosures. The amendments in this update are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early application is permitted. The Company is evaluating the effect, if any, on its financial statements.
R. Comprehensive Income (Loss)
Comprehensive income (loss) includes changes in equity that result from transactions and economic events from non-owner sources. See Note 17 for a breakdown of Comprehensive Income (Loss) and changes in Accumulated Other Comprehensive Loss net of tax effects.

Inventories

Inventories	12 Months Ended
Inventories	Sep. 30, 2014
Inventories	'
Inventories	'
	Note 3 Inventories
	Inventories are stated at the lower of cost or market. The cost of inventories is determined using the first-in, first-out ("FIFO") method. The following is a summary of the major classes of inventories:

		September 30,
		2013		2014
	Raw materials	$	25,647	$	25,050
	Work-in-process		108,708		144,285
	Finished goods		97,150		83,674
	Other		652		1,018

		$	232,157	$	254,027

Property_Plant_and_Equipment

Property, Plant and Equipment	12 Months Ended
Property, Plant and Equipment	Sep. 30, 2014
Property, Plant and Equipment	'
Property, Plant and Equipment	'
	Note 4 Property, Plant and Equipment
	The following is a summary of the major classes of property, plant and equipment:

		September 30,
		2013			2014
	Land and land improvements	$	6,856		$	6,785
	Buildings		19,034			24,750
	Machinery and equipment		179,407			213,834
	Construction in process		31,472			27,635

			236,769			273,004
	Less accumulated depreciation		(84,005	)		(98,921	)

		$	152,764		$	174,083


	The Company has $432 of assets under a capital lease for equipment related to the service center operation in Shanghai, China.

Accrued_Expenses

Accrued Expenses	12 Months Ended
Accrued Expenses	Sep. 30, 2014
Accrued Expenses	'
Accrued Expenses	'
	Note 5 Accrued Expenses
	The following is a summary of the major classes of accrued expenses:

		September 30,
		2013		2014
	Employee compensation	$	6,415	$	6,750
	Taxes, other than income taxes		3,005		2,631
	Other		4,256		3,832

		$	13,676	$	13,213

Income_Taxes

Income Taxes	12 Months Ended
Income Taxes	Sep. 30, 2014
Income Taxes	'
Income Taxes	'
	Note 6 Income Taxes
	The components of income before provision for income taxes are as follows:

			Year Ended September 30,
			2012			2013			2014
	Income (loss) before income taxes:
	U.S.		$	67,968		$	23,555		$	(360	)
	Foreign			9,027			8,443			5,480

	Total		$	76,995		$	31,998		$	5,120


	Provision for income taxes:
	Current:
	U.S. Federal		$	15,836		$	2,125		$	427
	Foreign			1,712			1,419			1,012
	State			2,079			85			541

	Total		$	19,627		$	3,629		$	1,980

	Deferred:
	U.S. Federal			6,314			5,907			(983	)
	Foreign			585			623			302
	State			601			262			70
	Valuation allowance			(314	)		—			—

	Total		$	7,186		$	6,792		$	(611	)

	Total provision for income taxes		$	26,813		$	10,421		$	1,369


	The provision for income taxes applicable to results of operations differed from the U.S. federal statutory rate as follows:

			Year Ended September 30,
			2012			2013			2014
	Statutory federal tax rate			35	%		35	%		35	%
	Tax provision for income taxes at the statutory rate		$	26,949		$	11,199		$	1,792
	Foreign tax rate differentials			(864	)		(913	)		(605	)
	Provision for state taxes, net of federal taxes			1,578			473			230
	U.S. tax on distributed and undistributed earnings of foreign subsidiaries			335			354			173
	Manufacturer's deduction			(1,715	)		(217	)		—
	Tax credits			—			(78	)		(91	)
	State tax rate reduction impact on deferred tax asset			89			(182	)		157
	Change in Valuation Allowance			(314	)		—			—
	Other, net			755			(215	)		(287	)

	Provision for income taxes at effective tax rate		$	26,813		$	10,421		$	1,369


	Effective tax rate			34.8	%		32.6	%		26.7	%
	During fiscal 2012, the Company's effective tax rate was lower than the statutory rate, primarily due to increased proportion of profitability in foreign jurisdictions and the increased Manufacturer's deduction (due to increased U.S. profitability).
	During fiscal 2013, the Company's effective tax rate was lower than the statutory rate, primarily due to increased proportion of profitability in foreign jurisdictions and the reversal of certain tax reserves no longer required.
	During fiscal 2014, the Company's effective tax rate was lower than the statutory rate, primarily due to a higher proportion of income in lower tax jurisdictions. The Company generated a taxable loss in the United States, which will be carried back to earlier years.
	Deferred tax assets (liabilities) are comprised of the following:

			September 30,
			2013			2014
	Deferred tax assets:
	Pension and postretirement benefits		$	58,148		$	63,124
	TIMET Agreement			12,167			11,200
	Inventories			2,095			2,662
	Accrued compensation and benefits			3,076			1,606
	Accrued expenses and other			527			2,093
Tax attributes			946			1,385

Total deferred tax assets		$	76,959		$	82,070


Deferred tax liabilities:
Property, plant and equipment, net		$	(26,931	)	$	(29,789	)
Intangible and other			(2,709	)		(1,345	)

Total deferred tax liabilities		$	(29,640	)	$	(31,134	)
Net deferred tax assets (liabilities)			47,319			50,936
Net deferred tax assets (liabilities)		$	47,319		$	50,936


Current deferred tax assets		$	6,018		$	6,297

Long-term deferred tax asset		$	41,301		$	44,639


As of September 30, 2014, the Company has state tax net operating loss of approximately $5,013, tax credits of $606 and foreign net operating loss carryforwards of $1,259. As of September 30, 2013, the Company had state tax net operating loss carryforwards of approximately $2,106, tax credit of $0 and foreign net operating loss carryforwards of $1,602. Some tax attributes expire beginning in 2024 and others have no expiration. The Company has not recorded a valuation allowance because management believes that it is more likely than not that net operating loss carryforwards will be realized prior to their expiration.
Undistributed earnings of certain of our foreign subsidiaries amounted to approximately $55,816 at September 30, 2014. The Company considers those earnings reinvested indefinitely and, accordingly, no provision for U.S. income taxes has been provided. Determination of the amount of unrecognized deferred U.S. income tax liability is not practicable because of the complexities associated with its hypothetical calculation.
A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:

		October 1, 2010 To			October 1, 2011 To			October 1, 2013 To
		September 30,			September 30,			September 30,
		2012			2013			2014
Balance at beginning of period		$	264		$	264		$	—
Gross Increases—current period tax positions			—			—			—
Gross Decreases—current period tax positions			—			—			—
Gross Increases—tax positions in prior periods			—			—			—
Gross Decreases—tax positions in prior periods			—			—			—
Gross Decreases—settlements with taxing authorities			—			—			—
Gross Decreases—lapse of statute of limitations			—			(264	)		—

Balance at end of period		$	264		$	—		$	—


During fiscal year 2013, the Company recognized the tax benefits previously unrecognized due to the statute of limitations. This tax benefit was recorded in income tax expense and affected the income statement by $236. During fiscal 2013, the Company recognized a reversal of accrued interest expense related to the unrecognized tax benefits totaling $75.
As of September 30, 2014, the Company is open to examination in the U.S. federal income tax jurisdiction for the 2011 through 2014 tax years and in various foreign jurisdictions from 2009 through 2014. The Company is also open to examination in various states in the U.S., none of which were individually material.

Debt

Debt	12 Months Ended
Debt	Sep. 30, 2014
Debt	'
Debt	'
	Note 7 Debt
	U.S. revolving credit facility
	The Company and Wells Fargo Capital Finance, LLC ("Wells Fargo"), entered into a Third Amended and Restated Loan and Security Agreement (the "Amended Agreement") with certain other lenders with an effective date of July 14, 2011. The maximum revolving loan amount under the Amended Agreement is $120.0 million, subject to a borrowing base formula and certain reserves that could limit the Company's borrowing to approximately $105.0 million. The Amended Agreement permits an increase in the maximum revolving loan amount from $120.0 million up to an aggregate amount of $170.0 million at the request of the borrowers. Borrowings under the U.S. revolving credit facility bear interest at the Company's option at either Wells Fargo's "prime rate", plus up to 0.75% per annum, or the adjusted Eurodollar rate used by the lender, plus up to 2.0% per annum. As of September 30, 2014, the U.S. revolving credit facility had an outstanding balance of zero. In addition, the Company must pay monthly in arrears a commitment fee of 0.25% per annum on the unused amount of the U.S. revolving credit facility total commitment. For letters of credit, the Company must pay 1.5% per annum on the daily outstanding balance of all issued letters of credit, plus customary fees for issuance, amendments and processing. The Company is subject to certain covenants as to fixed charge coverage ratios and other customary covenants, including covenants restricting the incurrence of indebtedness, the granting of liens and the sale of assets. The covenant pertaining to fixed charge coverage ratios is only effective in the event the amount of excess availability under the revolver is less than 12.5% of the maximum credit revolving amount. The Company is permitted to pay dividends and repurchase common stock if certain financial metrics are met (which do not apply in the case of dividends less than $20.0 million in the aggregate in a year and repurchases in connection with the vesting of shares of restricted stock). As of September 30, 2014, the most recent required measurement date under the Amended Agreement, management believes that the Company was in compliance with all applicable financial covenants under the Amended Agreement. The U.S. revolving credit facility matures on July 14, 2016. Borrowings under the U.S. revolving credit facility are collateralized by a pledge of substantially all of the U.S. assets of the Company, including the equity interests in its U.S. subsidiaries, but excluding the four-high Steckel rolling mill and related assets, which are pledged to Titanium Metals Corporation to secure the performance of the Company's obligations under a Conversion Services Agreement with TIMET (see discussion of TIMET at Note 15 in the Notes to Consolidated Financial Statements in this Annual Report on Form 10-K). The U.S. revolving credit facility is also secured by a pledge of a 65% equity interest in each of the Company's direct foreign subsidiaries.
	The Company's U.K. subsidiary (Haynes International Ltd.) has an overdraft facility of 2,000 pounds sterling ($3,243), all of which was available on September 30, 2014. The Company's French subsidiary (Haynes International, S.A.R.L.) has an overdraft banking facility of 1,200 Euro ($1,510), all of which was available on September 30, 2014. The Company's Swiss subsidiary (Haynes International AG) had an overdraft banking facility of 500 Swiss Francs ($524), all of which was available on September 30, 2014.

Pension_Plan_and_Retirement_Be

Pension Plan and Retirement Benefits	12 Months Ended
Pension Plan and Retirement Benefits	Sep. 30, 2014
Pension Plan and Retirement Benefits	'
Pension Plan and Retirement Benefits	'
	Note 8 Pension Plan and Retirement Benefits
	Defined Contribution Plans
	The Company sponsors a defined contribution plan (401(k)) for substantially all U.S. employees. The Company contributes an amount equal to 50% of an employee's contribution to the plan up to a maximum contribution of 3% of the employee's salary, except for all salaried employees and certain hourly employees (those hired after June 30, 2007 that are not eligible for the U.S. pension plan). The Company contributes an amount equal to 60% of an employee's contribution to the plan up to a maximum contribution of 6% of the employee's salary for these groups. Expenses associated with this plan for the years ended September 30, 2012, 2013 and 2014 totaled $1,374, $1,416 and $1,436, respectively.
	The Company sponsors certain profit sharing plans for the benefit of employees meeting certain eligibility requirements. There were no contributions to these plans for the years ended September 30, 2012, 2013 and 2014.
	Defined Benefit Plans
	The Company has non-contributory defined benefit pension plans which cover most employees in the U.S. and certain foreign subsidiaries. In the U.S. salaried employees hired after December 31, 2005 and hourly employees hired after June 30, 2007 are not covered by the pension plan; however, they are eligible for an enhanced matching program of the defined contribution plan (401(k)). On October 3, 2007, the U.S. pension plan was amended effective December 31, 2007 to freeze benefit accruals for all non-union employees in the U.S. and effective January 1, 2008, the pension multiplier used to calculate the employee's monthly benefit was increased from 1.4% to 1.6%. In addition, the Company will make enhanced matching contributions to its 401K plan equal to 60% of the non-union and union plan participant's salary deferrals, up to 6% of compensation. As a result of freezing the benefit accruals for all non-union employees in the U.S. in the first quarter of fiscal 2008, the Company recognized a reduction of the projected benefit obligation of $8,191, an increase to other comprehensive income (before tax) of $4,532 and a curtailment gain (before tax) of $3,659. The impact of the multiplier increase will be charged to pension expense over the estimated remaining lives of the participants. Effective September 30, 2009, the U.K. pension plan was amended to freeze benefit accruals for members of its plan. As of September 30, 2009, the company recognized a reduction of the projected benefit obligation of $392, an increase to other comprehensive income (before tax) of $392 and zero impact on the statement of operations.
	Benefits provided under the Company's domestic defined benefit pension plan are based on years of service and the employee's final compensation. The Company's funding policy is to contribute annually an amount deductible for federal income tax purposes based upon an actuarial cost method using actuarial and economic assumptions designed to achieve adequate funding of benefit obligations.
	The Company has non-qualified pensions for former executives of the Company. Non-qualified pension plan expense for the years ended September 30, 2012, 2013 and 2014 was $110, $12 and $84, respectively. Accrued liabilities in the amount of $825 and $813 for these benefits are included in accrued pension and postretirement benefits liability at September 30, 2013 and 2014, respectively.
	In addition to providing pension benefits, the Company provides certain health care and life insurance benefits for retired employees. Substantially all domestic employees become eligible for these benefits, if they reach normal retirement age while working for the Company. During March 2006, the Company communicated to employees and plan participants a negative plan amendment that caps the Company's liability related to total retiree health care costs at $5,000 annually effective January 1, 2007. An updated actuarial valuation was performed at March 31, 2006, which reduced the accumulated postretirement benefit liability due to this plan amendment by $46,313 that was amortized as a reduction to expense over an eight year period. This amortization period began in April 2006 thus reducing the amount of expense recognized for the second half of fiscal 2006 and the respective future periods and, as of September 30, 2014 is fully amortized.
	The Company made contributions of $15,000 and $1,250 to fund its domestic Company-sponsored pension plan for the year ended September 30, 2013 and 2014, respectively. The Company's U.K. subsidiary made contributions of $970 and $975 for the years ended September 30, 2013 and 2014, respectively, to the U.K. pension plan.
	The Company uses a September 30 measurement date for its plans. The status of employee pension benefit plans and other postretirement benefit plans are summarized below:

			Defined Benefit								Postretirement
			Pension Plans								Health Care Benefits

			Year Ended September 30,								Year Ended September 30,
			Year Ended September 30,								Year Ended September 30,
			2013			2014					2013			2014
			2013			2014					2013			2014
	Change in Benefit Obligation:
	Projected benefit obligation at beginning of year		$	303,445		$	273,693				$	114,209		$	98,772
	Service cost			4,881			3,971					387			267
	Interest cost			10,839			11,989					4,330			4,578
	Actuarial losses (gains)			(32,627	)		12,143					(16,018	)		5,614
	Benefits paid			(12,845	)		(13,237	)				(4,136	)		(3,844	)

	Projected benefit obligation at end of year		$	273,693		$	288,559				$	98,772		$	105,387

	Change in Plan Assets:
	Fair value of plan assets at beginning of year		$	182,011		$	206,113				$	—		$	—
	Actual return on assets			20,977			21,861					—			—
	Employer contributions			15,970			2,225					4,136			3,844
	Benefits paid			(12,845	)		(13,237	)				(4,136	)		(3,844	)

	Fair value of plan assets at end of year		$	206,113		$	216,962				$	—		$	—

	Funded Status of Plan:
	Unfunded status		$	(67,580	)	$	(71,597	)			$	(98,772	)	$	(105,387	)

	Amounts recognized in the consolidated balance sheets are as follows:

			Defined Benefit						Postretirement						Non-Qualified						All Plans
			Pension Plans						Health Care Benefits						Pension Plans						Combined
			September 30,						September 30,						September 30,						September 30,
			2013			2014			2013			2014			2013			2014			2013			2014
	Accrued pension and postretirement benefits:
	Current		$	—		$	—		$	(4,823	)	$	(4,477	)	$	(95	)	$	(95	)	$	(4,918	)	$	(4,572	)
	Non-current			(67,580	)		(71,597	)		(93,949	)		(100,910	)		(730	)		(718	)		(162,259	)		(173,225	)

	Accrued pension and postretirement benefits		$	(67,580	)	$	(71,597	)	$	(98,772	)	$	(105,387	)	$	(825	)	$	(813	)	$	(167,177	)	$	(177,797	)
	Accumulated other comprehensive loss:
	Net loss			63,939			64,641			28,897			32,514			—			—			92,836			97,155
	Prior service cost			5,444			4,636			(2,895	)		—			—			—			2,549			4,636

	Total accumulated other comprehensive loss		$	69,383		$	69,277		$	26,002		$	32,514		$	—		$	—		$	95,385		$	101,791
	Amounts expected to be recognized from AOCI into the statement of operations in the following year:
	Amortization of net loss		$	4,612		$	4,645		$	1,996		$	2,434		$	—		$	—		$	6,608		$	7,079
	Amortization of prior service cost			808			808			(2,895	)		—			—			—			(2,087	)		808

			$	5,420		$	5,453		$	(899	)	$	2,434		$	—		$	—		$	4,521		$	7,887


	The accumulated benefit obligation for the pension plans was $257,284 and $276,009 at September 30, 2013 and 2014, respectively.
The cost of the Company's postretirement benefits are accrued over the years employees provide service to the date of their full eligibility for such benefits. The Company's policy is to fund the cost of claims on an annual basis.
The components of net periodic pension cost and postretirement health care benefit cost are as follows:

		Defined Benefit Pension Plans
		Year Ended September 30,
		2012			2013			2014
Service cost		$	4,001		$	4,881		$	3,971
Interest cost			11,623			10,839			11,989
Expected return on assets			(11,755	)		(13,189	)		(15,033	)
Amortization of prior service cost			808			808			808
Recognized actuarial loss			9,031			10,189			4,612

Net periodic cost		$	13,708		$	13,528		$	6,347




		Postretirement
		Health Care Benefits
		Year Ended September 30,
		2012			2013			2014
Service cost		$	291		$	387		$	267
Interest cost			4,581			4,330			4,578
Amortization of unrecognized prior service cost			(5,789	)		(5,789	)		(2,895	)
Recognized actuarial loss			2,799			3,717			1,996

Net periodic cost		$	1,882		$	2,645		$	3,946


Assumptions
A 5.5% (6.0%-2013) annual rate of increase for the costs of covered health care benefits for ages under 65 and a 5.0% (5.0%-2013) annual rate of increase for ages over 65 were assumed for 2014, gradually decreasing for the over 65 age group to 5.0% and remaining at 5.0% for the under 65 age group by the year 2016. A one percentage point change in assumed health care cost trend rates would have the following effects in 2014:

		1-Percentage Point			1-Percentage Point
		Increase			Decrease
Effect on total of service and interest cost components		$	0		$	0
Effect on accumulated postretirement benefit obligation			0			0
The effect on total of service and interest cost components and the effect on accumulated postretirement benefit obligation is zero due to the plan amendment that caps the Company costs at $5,000 on an undiscounted basis per year.
The actuarial present value of the projected pension benefit obligation and postretirement health care benefit obligation for the plans at September 30, 2013 and 2014 were determined based on the following assumptions:

		September 30,			September 30,
		2013			2014
Discount rate (postretirement health care)			4.750	%		4.250	%
Discount rate (U.S. pension plan)			4.500	%		4.000	%
Discount rate (U.K. pension plan)			4.300	%		3.900	%
Rate of compensation increase (U.S. pension plan only)			3.500	%		3.500	%
The net periodic pension and postretirement health care benefit costs for the plans were determined using the following assumptions:

		Defined Benefit Pension
		and Postretirement
		Health Care Plans
		Year Ended September 30,
		2012			2013			2014
Discount rate (postretirement health care plan)			4.625	%		3.875	%		4.750	%
Discount rate (U.S. pension plan)			4.500	%		3.625	%		4.500	%
Discount rate (U.K. pension plan)			5.200	%		4.100	%		4.300	%
Expected return on plan assets (U.S. pension plan)			8.000	%		7.500	%		7.500	%
Expected return on plan assets (U.K. pension plan)			5.900	%		4.200	%		4.800	%
Rate of compensation increase (U.S. pension plan only)			3.500	%		3.500	%		3.500	%
Plan Assets and Investment Strategy
Our pension plan assets by level within the fair value hierarchy at September 30, 2013 and 2014, are presented in the table below. Our pension plan assets were accounted for at fair value. For more information on a description of the fair value hierarchy, see Note 16.

		September 30, 2013
		Level 1			Level 2			Level 3			Total
		Active			Other			Significant
		Markets for			Observable			Unobservable
		Identical			Inputs			Inputs
		Assets
U.S. Pension Plan Assets:
U.S. common stock mutual funds		$	38,575		$	—		$	—		$	38,575
Common /collective funds
Bonds			—			74,378			—			74,378
Short-term money market			—			2,590			—			2,590
U.S. common stock			—			64,592			—			64,592
International equity			—			8,307			—			8,307

Total U.S.		$	38,575		$	149,867		$	—		$	188,442
U.K. Plan Assets:
Equities		$	—		$	7,695		$	—		$	7,695
Bonds			—			7,111			—			7,111
Other			—			2,865			—			2,865

Total U.K.		$	—		$	17,671		$	—		$	17,671

Total pension plan assets		$	38,575		$	167,538		$	—		$	206,113




		September 30, 2014
		Level 1			Level 2			Level 3			Total
		Active			Other			Significant
		Markets for			Observable			Unobservable
		Identical			Inputs			Inputs
		Assets
U.S. Pension Plan Assets:
U.S. common stock mutual funds		$	41,968		$	—		$	—		$	41,968
Common /collective funds
Bonds			—			79,231			—			79,231
Short-term money market			—			—			—			—
U.S. common stock			—			67,733			—			67,733
International equity			—			8,398			—			8,398

Total U.S.		$	41,968		$	155,362		$	—		$	197,330
U.K. Plan Assets:
Equities		$	—		$	8,329		$	—		$	8,329
Bonds			—			9,021			—			9,021
Other			—			2,282			—			2,282

Total U.K.		$	—		$	19,632		$	—		$	19,632

Total pension plan assets		$	41,968		$	174,994		$	—		$	216,962


The primary financial objectives of the Plans are to minimize cash contributions over the long term and preserve capital while maintaining a high degree of liquidity. A secondary financial objective is, where possible, to avoid significant downside risk in the short run. The objective is based on a long-term investment horizon so that interim fluctuations should be viewed with appropriate perspective.
The selection of the U.S. Plan's assumption for the expected long-term rate of return on plan assets is based upon the Plan's target allocation of 60% equities and 40% bonds, and the expected rate of return for each equity/bond asset class. Based upon the target allocation and each asset class's expected return, the Plan's return on assets assumption is 7.50%, and it remains unchanged from last year's assumption. The Company also realizes that historical performance is no guarantee of future performance.
In determining the expected rate of return on plan assets, the Company takes into account the Plan's allocation at September 30, 2014 of 60% equities, 40% fixed income and 0% other. The Company assumes an approximately 3.00% to 4.00% equity risk premium above the broad bond market yields of 5.00% to 7.00%. Note that over very long historical periods the realized risk premium has been higher. The Company believes that its assumption of a 7.5% long-term rate of return on plan assets is comparable to other companies, given the target allocation of the plan assets; however, there exists the potential for the use of a lower rate in the future.
It is the policy of the U.S. pension plan to invest assets with an allocation to equities as shown below. The balance of the assets are maintained in fixed income investments, and in cash holdings, to the extent permitted by the plan documents.
Asset classes as a percent of total assets:

Asset Class		Target(1)
Equity			60	%
Fixed Income			40	%
Real Estate and Other			0	%


-1	From time to time the Company may adjust the target allocation by an amount not to exceed 10%.
The U.K. pension plan assets use a similar strategy and investment objective.
Contributions and Benefit Payments
The Company has not yet determined the amounts to contribute to its domestic pension plans, domestic other postretirement benefit plans, and the U.K. pension plan in fiscal 2015.
Pension and postretirement health care benefits (which include expected future service) are expected to be paid out of the respective plans as follows:

Fiscal Year Ending September 30		Pension			Postretirement
Fiscal Year Ending September 30		Pension			Health Care
2015		$	14,063		$	4,477
2016			14,309			4,674
2017			14,696			4,860
2018			14,973			5,000
2019			15,339			5,000
2020-2024 (in total)			85,683			25,000

Commitments

Commitments	12 Months Ended
Commitments	Sep. 30, 2014
Commitments	'
Commitments	'
	Note 9 Commitments
	The Company leases certain transportation vehicles, warehouse facilities, office space and machinery and equipment under cancelable and non-cancelable leases, most of which expire within 10 years and may be renewed by the Company. Rent expense under such arrangements totaled $3,347, $3,693 and $3,518 for the years ended September 30, 2012, 2013 and 2014, respectively. Rent expense does not include income from sub-lease rentals totaling $145, $129 and $147 for the years ended September 30, 2012, 2013 and 2014, respectively. Future minimum rental commitments under non-cancelable operating leases at September 30, 2014, are as follows:

		Operating
	2015	$	2,812
	2016		1,907
	2017		1,464
	2018		948
	2019		603
	2020 and thereafter		25

		$	7,759


	Future minimum rental commitments under non-cancelable operating leases have not been reduced by minimum sub-lease rentals of $35 due in the future.

Legal_Environmental_and_Other_

Legal, Environmental and Other Contingencies	12 Months Ended
Legal, Environmental and Other Contingencies	Sep. 30, 2014
Legal, Environmental and Other Contingencies	'
Legal, Environmental and Other Contingencies	'
	Note 10 Legal, Environmental and Other Contingencies
	The Company is regularly involved in litigation, both as a plaintiff and as a defendant, relating to its business and operations, including environmental, commercial, employment and federal and/or state Equal Employment Opportunity Commission (EEOC) administrative actions. Future expenditures for environmental, employment, intellectual property and other legal matters cannot be determined with any degree of certainty; however, based on the facts presently known, management does not believe that such costs will have a material effect on the Company's financial position, results of operations or cash flows.
	The Company is currently, and has in the past been, subject to claims involving personal injuries allegedly relating to its products and processes. For example, the Company is presently involved in two actions involving welding rod-related injuries, which were filed in California state court against numerous manufacturers, including the Company, in May 2006 and February 2007, respectively, alleging that the welding-related products of the defendant manufacturers harmed the users of such products through the inhalation of welding fumes containing manganese. The Company believes that it has defenses to these allegations and that, if the Company were to be found liable, the cases would not have a material effect on its financial position, results of operations or liquidity.
	The Company has received permits from the Indiana Department of Environmental Management, or IDEM, to close and to provide post-closure monitoring and care for certain areas at the Kokomo facility previously used for the storage and disposal of wastes, some of which are classified as hazardous under applicable regulations. Closure certification was received in fiscal 1988 for the South Landfill at the Kokomo facility, and post-closure monitoring and care is ongoing there. Closure certification was received in fiscal 1999 for the North Landfill at the Kokomo facility, and post-closure monitoring and care are permitted and ongoing there. In fiscal 2007, IDEM issued a single post-closure permit applicable to both the North and South Landfills, which contains monitoring and post-closure care requirements. In addition, IDEM required that a Resource Conservation and Recovery Act, or RCRA, Facility Investigation, or RFI and which was renewed in 2012, be conducted in order to further evaluate one additional area of concern and one additional solid waste management unit. The RFI commenced in fiscal 2008 and is ongoing. Based on preliminary results, the Company has determined that additional testing and further source remediation are necessary.
	The Company has also received permits from the North Carolina Department of Environment and Natural Resources, or NCDENR, to close and provide post-closure monitoring and care for the hazardous waste lagoon at its Mountain Home, North Carolina facility. The lagoon area has been closed and is currently undergoing post-closure monitoring and care. The Company is required to monitor groundwater and to continue post-closure maintenance of the former disposal areas at each site. As a result, the Company is aware of elevated levels of certain contaminants in the groundwater, and additional corrective action by the Company could be required.
	On August 3, 2012, the Company received an information request from the United States Environmental Protection Agency, or EPA, relating to the Company's compliance with laws relating to air quality. The Company has responded to the request, and there has been no further action by the EPA.
	As of September 30, 2014, the Company has accrued $823 for post-closure monitoring and maintenance activities. Accruals for these costs are calculated by estimating the cost to monitor and maintain each post-closure site and multiplying that amount by the number of years remaining in the post-closure monitoring.
	Long-term obligations consist of the following (in thousands):

		September 30,
		2013			2014
	Environmental post-closure monitoring and maintenance activities	$	846		$	823
	Less amounts due within one year		(79	)		(78	)

		$	767		$	745


	Expected maturities of long-term obligations (discounted) are as follows at September 30, 2014:

	Year Ending
	2015	$	—
	2016		85
	2017		73
	2018		76
	2019		57
	2020 and thereafter		454

		$	745

Stockbased_Compensation

Stock-based Compensation	12 Months Ended
Stock-based Compensation	Sep. 30, 2014
Stock-based Compensation	'
Stock-based Compensation	'
	Note 11 Stock-based Compensation
	Restricted Stock Plan
	On February 23, 2009, the Company adopted a restricted stock plan that reserved 400,000 shares of common stock for issuance. Grants of restricted stock are grants of shares of the Company's common stock subject to transfer restrictions, which vest in accordance with the terms and conditions established by the Compensation Committee. The Compensation Committee may set vesting requirements based on the achievement of specific performance goals or the passage of time.
	Restricted shares are subject to forfeiture if employment or service terminates prior to the vesting date or if any applicable performance goal is not met. The Company will assess, on an ongoing basis, the probability of whether the performance criteria will be achieved. The Company will recognize compensation expense over the performance period if it is deemed probable that the goal will be achieved. The fair value of the Company's restricted stock is determined based upon the closing price of the Company's common stock on the grant date. The plan provides for the adjustment of the number of shares covered by an outstanding grant and the maximum number of shares for which restricted stock may be granted in the event of a stock split, extraordinary dividend or distribution or similar recapitalization event.
	On November 26, 2013 and December 2, 2013, the Company granted 34,700 and 3,000 shares, respectively, of restricted stock to certain key employees and non-employee directors. The shares of restricted stock granted to employees will vest on the third anniversary of their grant date, provided that (a) the recipient is still an employee of the Company and (b) the Company has met a three-year net income performance goal, if applicable. The shares of restricted stock granted to non-employee directors will vest on the earlier of (a) the third anniversary of the date of grant or (b) the failure of such non-employee director to be re-elected at an annual meeting of the stockholders of the Company as a result of such non-employee director being excluded from the nominations for any reason other than cause. The fair value of the grants were $52.78 and $54.22 per share, respectively, the closing price of the Company's common stock on the trading day immediately preceding the day of the applicable grant.
	The following table summarizes the activity under the restricted stock plan for the year ended September 30, 2014:

		Number of			Weighted
		Shares			Average Fair
					Value At
					Grant Date
	Unvested at September 30, 2013		96,750		$	47.74
	Granted		37,700		$	52.89
	Forfeited / Canceled		(450	)	$	56.68
	Vested		(36,850	)	$	41.77

	Unvested at September 30, 2014		97,150		$	51.96


	Expected to vest		65,550		$	51.99


	Compensation expense related to restricted stock for the years ended September 30, 2012, 2013 and 2014 was $1,518 $832 and $1,295, respectively. The remaining unrecognized compensation expense at September 30, 2014 was $1,627, to be recognized over a weighted average period of 0.95 years. During fiscal 2014, the Company repurchased 6,284 shares of stock from employees at an average purchase price of $53.38 to satisfy required employee-owed taxes on stock—based compensation.
	Stock Option Plans
	The Company has two stock option plans that authorize the granting of non-qualified stock options to certain key employees and non-employee directors for the purchase of a maximum of 1,500,000 shares of the Company's common stock. The original option plan was adopted in August 2004 pursuant to the plan of reorganization and provides for the grant of options to purchase up to 1,000,000 shares of the Company's common stock. In January 2007, the Company's Board of Directors adopted a second option plan that provides for options to purchase up to 500,000 shares of the Company's common stock. Each plan provides for the adjustment of the maximum number of shares for which options may be granted in the event of a stock split, extraordinary dividend or distribution or similar recapitalization event. Unless the Compensation Committee determines otherwise, options granted under the option plans are exercisable for a period of ten years from the date of grant and vest 331/3% per year over three years from the grant date. The amount of compensation cost recognized in the financial statements is measured based upon the grant date fair value.
	The fair value of option grants was estimated as of the date of the grant. The Company has elected to use the Black-Scholes option pricing model, which incorporates various assumptions including volatility, expected life, risk-free interest rates, expected forfeitures and dividend yields. The volatility is based on historical volatility of the Company's common stock over the most recent period commensurate with the estimated expected term of the stock option granted. The Company uses historical volatility because management believes such volatility is representative of prospective trends. The expected term of an award is based on historical exercise data. The risk-free interest rate assumption is based upon observed interest rates appropriate for the expected term of the awards. The expected forfeiture rate is based upon historical experience. The dividend yield assumption is based on the Company's history and expectations regarding dividend payouts at the time of the grant. Valuation of future grants under the Black-Scholes model will include a dividend yield. The following assumptions were used for grants in the first quarter of fiscal 2014:

	Grant Date	Fair			Dividend			Risk-free			Expected			Expected
	Grant Date	Value			Yield			Interest Rate			Volatility			Life
	November 26, 2013	$	13.94			1.67	%		0.57	%		42	%	3 years
	On November 26, 2013, the Company granted 45,250 options at an exercise price of $52.78, the fair market value of the Company's common stock the day of the grant. During fiscal 2014, 54,913 options were exercised.
	The stock-based employee compensation expense for stock options for the years ended September 30, 2012, 2013 and 2014 was $561, $424 and $474, respectively. The remaining unrecognized compensation expense at September 30, 2014 was $615, to be recognized over a weighted average vesting period of 1.27 years.
	The following table summarizes the activity under the stock option plans for the year ended September 30, 2014:

		Number of			Aggregate			Weighted			Weighted
		Shares			Intrinsic			Average			Average
					Value			Exercise			Remaining
					(000s)			Prices			Contractual
											Life
	Outstanding at September 30, 2013		291,664					$	45.36
	Granted		45,250					$	52.78
	Exercised		(54,913	)				$	19.36
	Canceled		—						—

	Outstanding at September 30, 2014		282,001		$	752		$	51.61			5.39 yrs.


	Vested or expected to vest		269,026		$	735		$	51.73			5.26 yrs.
	Exercisable at September 30, 2014		205,252		$	752		$	51.66			4.16 yrs.


	Grant Date	Exercise Price			Remaining			Outstanding			Exercisable
		Per Share			Contractual			Number of			Number of
					Life in Years			Shares			Shares
	March 31, 2006		31.00			1.50			10,000			10,000
	March 30, 2007		72.93			2.50			47,500			47,500
	March 31, 2008		54.00			3.50			58,000			58,000
	October 1, 2008		46.83			4.00			20,000			20,000
	March 31, 2009		17.82			4.50			12,084			12,084
	January 8, 2010		34.00			5.25			12,400			12,400
	November 24, 2010		40.26			6.17			19,667			19,667
	November 25, 2011		55.88			7.17			19,700			13,135
	November 20, 2012		47.96			8.17			35,600			11,866
December 10, 2012		48.39			8.17			1,800			600
November 26, 2013		52.78			9.17			45,250			—

								282,001			205,252

Quarterly_Data_unaudited

Quarterly Data (unaudited)	12 Months Ended
Quarterly Data (unaudited)	Sep. 30, 2014
Quarterly Data (unaudited)	'
Quarterly Data (unaudited)	'
	Note 12 Quarterly Data (unaudited)
	The unaudited quarterly results of operations of the Company for years ended September 30, 2013 and 2014 are as follows:

		2013
		Quarter Ended
		December 31			March 31			June 30		September 30
	Net revenues	$	114,300		$	129,201		$	123,587	$	115,658
	Gross profit		18,774			20,084			18,605		16,163
	Net income		5,835			6,436			5,297		4,009
	Net income per share:
	Basic	$	0.47		$	0.52		$	0.43	$	0.33
	Diluted	$	0.47		$	0.52		$	0.43	$	0.32


		2014
		Quarter Ended
		December 31			March 31			June 30		September 30
	Net revenues	$	93,700		$	115,350		$	126,293	$	120,067
	Gross profit		5,250			9,064			14,061		18,923
	Net income (loss)		(3,492	)		(1,223	)		2,096		6,370
	Net income (loss) per share:
	Basic	$	(0.29	)	$	(0.10	)	$	0.17	$	0.51
	Diluted	$	(0.29	)	$	(0.10	)	$	0.17	$	0.51

Segment_Reporting

Segment Reporting	12 Months Ended
Segment Reporting	Sep. 30, 2014
Segment Reporting	'
Segment Reporting	'
	Note 13 Segment Reporting
	The Company operates in one business segment: the design, manufacture, marketing and distribution of technologically advanced, high-performance alloys for use in the aerospace, land-based gas turbine, chemical processing and other industries. The Company has operations in the United States, Europe and China, which are summarized below. Sales between geographic areas are made at negotiated selling prices. Revenues from external customers are attributed to the geographic areas presented based on the destination of product shipments.

		Year Ended September 30,
		2012		2013		2014
	Net Revenue by Geography:
	United States	$	346,750	$	268,054	$	261,631
	Europe		121,781		110,389		101,824
	China		48,183		39,475		36,596
	Other		62,847		64,828		55,359

	Net Revenues	$	579,561	$	482,746	$	455,410


	Net Revenue by Product Group:
	High-temperature resistant alloys	$	423,080	$	357,232	$	341,557
	Corrosive-resistant alloys		156,481		125,514		113,853

	Net revenues	$	579,561	$	482,746	$	455,410




		September 30,
		2013		2014
	Long-lived Assets by Geography:
	United States	$	146,940	$	166,542
	Europe		5,221		7,021
	China		603		520

	Total long-lived assets	$	152,764	$	174,083

Valuation_and_Qualifying_Accou

Valuation and Qualifying Accounts	12 Months Ended
Valuation and Qualifying Accounts	Sep. 30, 2014
Valuation and Qualifying Accounts	'
Valuation and Qualifying Accounts	'
	Note 14 Valuation and Qualifying Accounts

			Balance at		Charges			Deductions(1)			Balance at
			Beginning		(credits) to						End
			of Period		Expense						of Period
	Allowance for doubtful accounts receivables:
	September 30, 2014			1,199		8			(346	)		861
	September 30, 2013			1,249		(34	)		(16	)		1,199
	September 30, 2012			1,129		235			(115	)		1,249


	-1	Uncollectible accounts written off net of recoveries.

Deferred_Revenue

Deferred Revenue	12 Months Ended
Deferred Revenue	Sep. 30, 2014
Deferred Revenue	'
Deferred Revenue	'
	Note 15 Deferred Revenue
	On November 17, 2006, the Company entered into a twenty-year agreement to provide conversion services to Titanium Metals Corporation ("TIMET") for up to ten million pounds of titanium metal annually. TIMET paid the Company a $50,000 up-front fee and will also pay the Company for its processing services during the term of the agreement (20 years) at prices established by the terms of the agreement. TIMET may exercise an option to have ten million additional pounds of titanium converted annually, provided that it offers to loan up to $12,000 to the Company for certain capital expenditures which may be required to expand capacity. In addition to the volume commitment, the Company has granted TIMET a first priority security interest in its four-high Steckel rolling mill, along with rights of access if the Company enters into bankruptcy or defaults on any financing arrangements. The Company has agreed not to manufacture titanium products (other than cold reduced titanium tubing). The Company has also agreed not to provide titanium hot-rolling conversion services to any entity other than TIMET for the term of the Conversion Services Agreement. The agreement contains certain default provisions which could result in contract termination and damages, including liquidated damages of $25.0 million and the Company being required to return the unearned portion of the up-front fee. The Company considered each provision and the likelihood of the occurrence of a default that would result in liquidated damages. Based on the nature of the events that could trigger the liquidated damages clause, and the availability of the cure periods set forth in the agreement, the Company determined and continues to believe that none of these circumstances are reasonably likely to occur. Therefore, events resulting in liquidated damages have not been factored in as a reduction to the amount of revenue recognized over the life of the contract. The cash received of $50,000 is recognized in income on a straight-line basis over the 20-year term of the agreement. If an event of default occurred and was not cured within any applicable grace period, the Company would recognize the impact of the liquidated damages in the period of default and re-evaluate revenue recognition under the contract for future periods. The portion of the up-front fee not recognized in income is shown as deferred revenue on the consolidated balance sheet.

Fair_Value_Measurements

Fair Value Measurements	12 Months Ended
Fair Value Measurements	Sep. 30, 2014
Fair Value Measurements	'
Fair Value Measurements	'
	Note 16 Fair Value Measurements
	The fair value hierarchy has three levels based on the inputs used to determine fair value:
	•	Level 1—Quoted prices in active markets that are unadjusted and accessible at the measurement date for identical, unrestricted assets or liabilities;
	•	Level 2—Quoted prices for identical assets and liabilities in markets that are not active, quoted prices for similar assets and liabilities in active markets or financial instruments for which significant inputs are observable, either directly or indirectly; and
	•	Level 3—Prices or valuations that require inputs that are both significant to the fair value measurement and unobservable.
	When available, the Company uses unadjusted quoted market prices to measure fair value and classifies such items within Level 1. If quoted market prices are not available, fair value is based upon internally-developed models that use, where possible, current market-based or independently-sourced market parameters such as interest rates and currency rates. Items valued using internally-generated models are classified according to the lowest level input or value driver that is significant to the valuation. If quoted market prices are not available, the valuation model used depends on the specific asset or liability being valued. A portion of the Company's pension plan assets are in a common collective trust that is considered within Level 2. To determine the fair value of these assets, the Company uses the quoted market prices of the underlying assets of the common collective trust. (See Note 8.)
	The following table represents the Company's fair value hierarchy for its financial assets and liabilities measured at fair value on a recurring basis as of September 30, 2013 and 2014:

			September 30, 2013 Fair Value Measurements at
			Reporting Date Using:
			Level 1		Level 2		Level 3		Total
	Assets:
	Cash and money market funds		$	68,326	$	—	$	—	$	68,326
	Pension plan assets			38,575		167,538		—		206,113

	Total fair value		$	106,901	$	167,538	$	—	$	274,439




			September 30, 2014 Fair Value Measurements
			at Reporting Date Using:
			Level 1		Level 2		Level 3		Total
	Assets:
	Cash and money market funds		$	45,871	$	—	$	—	$	45,871
	Pension plan assets			41,968		174,994		—		216,962

	Total fair value		$	87,839	$	174,994	$	—	$	262,833


	The Company has no Level 3 assets as of September 30, 2013 or 2014.

Comprehensive_Income_Loss_and_

Comprehensive Income (Loss) and Changes in Accumulated Other Comprehensive Income (Loss) by Component	12 Months Ended
	Sep. 30, 2014
Comprehensive Income (Loss) and Changes in Accumulated Other Comprehensive Income (Loss) by Component	'
Comprehensive Income (Loss) and Changes in Accumulated Other Comprehensive Income (Loss) by Component	'
	Note 17. Comprehensive Income (Loss) and Changes in Accumulated Other Comprehensive Income (Loss) by Component
	Comprehensive income (loss) includes changes in equity that result from transactions and economic events from non-owner sources. Comprehensive income (loss) consists of net income (loss) and other comprehensive income (loss) items, including pension and foreign currency translation adjustments, net of tax when applicable.
	Comprehensive Income (Loss)

			Year Ended September 30,

			2012											2013									2014
			2012											2013									2014
			Pre-tax			Tax			Net					Pre-tax			Tax			Net			Pre-tax			Tax			Net
	Net income								$	50,182										$	21,577								$	3,751
	Other comprehensive income (loss):
	Pension and postretirement:
	Net gain (loss) arising during period		$	(19,688	)	$	7,399			(12,289	)			$	74,282		$	(27,201	)		47,081		$	(1,886	)	$	698			(1,188	)
	Less: amortization of prior service cost			4,981			(1,743	)		3,238					4,981			(1,743	)		3,238			2,087			(773	)		1,314
	Less: amortization of gain (loss)			(11,830	)		4,140			(7,690	)				(13,906	)		4,867			(9,039	)		(6,608	)		2,444			(4,164	)
	Foreign currency translation adjustment			698			—			698					1,012			—			1,012			(991	)		—			(991	)

	Other comprehensive income (loss)		$	(25,839	)	$	9,796			(16,043	)			$	66,369		$	(24,077	)		42,292		$	(7,398	)	$	2,369			(5,029	)

	Total comprehensive income (loss)								$	34,139										$	63,869								$	(1,278	)

	Accumulated Other Comprehensive Income (Loss)

			Twelve Months Ended September 30, 2013
			Pension			Postretirement			Foreign			Total
			Plan			Plan			Exchange			Total
	Accumulated other comprehensive income (loss) as of September 30, 2012		$	(75,263	)	$	(24,779	)	$	951		$	(99,091	)

	Other comprehensive income (loss) before classifications			25,317			10,162			1,012			36,491
	Amounts reclassified from accumulated other comprehensive income (loss)			7,148			(1,347	)		—			5,801

	Net current-period other comprehensive income (loss)			32,465			8,815			1,012			42,292

	Accumulated other comprehensive income (loss) as of September 30, 2013		$	(42,798	)	$	(15,964	)	$	1,963		$	(56,799	)




			Twelve Months Ended September 30, 2014
			Pension			Postretirement			Foreign			Total
			Plan			Plan			Exchange			Total
	Accumulated other comprehensive income (loss) as of September 30, 2013		$	(42,798	)	$	(15,964	)	$	1,963		$	(56,799	)

	Other comprehensive income (loss) before classifications			(3,418	)		(3,470	)		(991	)		(7,879	)
	Amounts reclassified from accumulated other comprehensive income (loss)			3,416			(566	)		—			2,850

	Net current-period other comprehensive income (loss)			(2	)		(4,036	)		(991	)		(5,029	)

	Accumulated other comprehensive income (loss) as of September 30, 2014		$	(42,800	)	$	(20,000	)	$	972		$	(61,828	)


	Reclassifications out of Accumulated Other Comprehensive Income

			Twelve Months Ended									Twelve Months Ended
			September 30, 2013									September 30, 2014
			Pension			Post-			Total			Pension			Post-			Total
			Plan			retirement						Plan			retirement
						Plan									Plan
	Amortization of Pension and Postretirement Plan items
	Prior Service Costs(a)		$	(808	)	$	5,789		$	4,981		$	(808	)	$	2,895		$	2,087
	Actuarial (losses)(a)			(10,189	)		(3,717	)		(13,906	)		(4,613	)		(1,996	)		(6,609	)

	Total before tax			(10,997	)		2,072			(8,925	)		(5,421	)		899			(4,522	)
Tax (expense) or benefit			3,849			(725	)		3,124			2,005			(333	)		1,672

Total reclassification for the period		$	(7,148	)	$	1,347		$	(5,801	)	$	(3,416	)	$	566		$	(2,850	)




(a)	These accumulated other comprehensive income components are included in the computation of net periodic pension cost.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	12 Months Ended
Summary of Significant Accounting Policies (Policies)	Sep. 30, 2014
Summary of Significant Accounting Policies	'
Principles of Consolidation and Nature of Operations	'
	Principles of Consolidation and Nature of Operations
	The consolidated financial statements include the accounts of Haynes International, Inc. and its wholly-owned subsidiaries. All intercompany transactions and balances are eliminated. The Company has manufacturing facilities in Kokomo, Indiana; Mountain Home, North Carolina; and Arcadia, Louisiana with distribution service centers in Lebanon, Indiana; LaMirada, California; Houston, Texas; Windsor, Connecticut; Openshaw, England; Lenzburg, Switzerland; Shanghai, China; and sales offices in Paris, France; Zurich, Switzerland; Singapore; Milan, Italy; Chennai, India; and Tokyo, Japan.

Cash and Cash Equivalents	'
	Cash and Cash Equivalents
	The Company considers all highly liquid investment instruments, including investments with original maturities of three months or less at acquisition, to be cash equivalents, the carrying value of which approximates fair value due to the short maturity of these investments.

Accounts Receivable	'
	Accounts Receivable
	The Company maintains allowances for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments. The Company markets its products to a diverse customer base, both in the United States of America and overseas. Trade credit is extended based upon evaluation of each customer's ability to perform its obligation, which is updated periodically. The Company purchases credit insurance for certain foreign trade receivables.

Revenue Recognition	'
	Revenue Recognition
	The Company recognizes revenue when collectability is reasonably assured and when title passes to the customer, which is generally at the time of shipment with freight terms of FOB shipping point or at a foreign port for certain export customers. Allowances for sales returns are recorded as a component of net sales in the periods in which the related sales are recognized. The Company determines this allowance based on historical experience. Additionally, the Company recognizes revenue attributable to an up-front fee received from Titanium Metals Corporation ("TIMET") as a result of a twenty-year agreement, entered into on November, 17, 2006 to provide conversion services to TIMET. See Note 15 Deferred Revenue for a description of accounting treatment relating to this up-front fee.

Inventories	'
	Inventories
	Inventories are stated at the lower of cost or market. The cost of inventories is determined using the first-in, first-out ("FIFO") method. The Company writes down its inventory for estimated obsolescence or unmarketable inventory in an amount equal to the difference between the cost of inventory and the estimated market or scrap value, if applicable, based upon assumptions about future demand and market conditions.

Intangible Assets	'
	Intangible Assets
	The Company has patents, trademarks and other intangibles. As the patents have a definite life, they are amortized over lives ranging from two to fourteen years. The Company reviews patents for impairment whenever events or circumstances indicate that the carrying amount of a patent may not be recoverable. Recoverability of the patent asset is measured by a comparison of the carrying amount of the asset to the undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized in the amount by which the carrying amount exceeds the fair value of the asset.
	As the trademarks have an indefinite life, the Company tests them for impairment at least annually as of August 31 (the annual impairment testing date). If the carrying value exceeds the fair value (determined by calculating a fair value based upon a discounted cash flow of an assumed royalty rate), impairment of the trademark may exist resulting in a charge to earnings to the extent of the impairment. No impairment was recognized in the years ended September 30, 2013 or 2014 because the fair value exceeded the carrying values. The Company has a non-compete agreement with a remaining life of eight months.
	Amortization of the patents, non-competes and other intangibles was $423, $416 and $416 for the years ended September 30, 2012, 2013 and 2014, respectively. The following represents a summary of intangible assets at September 30, 2013 and 2014:

	September 30, 2013	Gross			Accumulated			Carrying
	September 30, 2013	Amount			Amortization			Amount
	Patents	$	4,030		$	(2,533	)	$	1,497
	Trademarks		3,800			—			3,800
	Non-compete		500			(381	)		119
	Other		330			(145	)		185

		$	8,660		$	(3,059	)	$	5,601




	September 30, 2014	Gross			Accumulated			Carrying
	September 30, 2014	Amount			Amortization			Amount
	Patents	$	4,030		$	(2,813	)	$	1,217
	Trademarks		3,800			—			3,800
	Non-compete		500			(452	)		48
	Other		330			(210	)		120

		$	8,660		$	(3,475	)	$	5,185




	Estimate of Aggregate Amortization Expense:
	Year Ended September 30,
	2015		392
	2016		333
	2017		279
	2018		279
	2019		102
	Thereafter		—


Property, Plant and Equipment	'
	Property, Plant and Equipment
	Additions to property, plant and equipment are recorded at cost with depreciation calculated primarily by using the straight-line method based on estimated economic useful lives which are generally as follows:

	Building and improvements	40 years
	Machinery and equipment	5-14 years
	Office equipment and computer software	3-10 years
	Land improvements	20 years
	Expenditures for maintenance and repairs and minor renewals are charged to expense; major renewals are capitalized. Upon retirement or sale of assets, the cost of the disposed assets and the related accumulated depreciation are removed from the accounts and any resulting gain or loss is credited or charged to operations.
	The Company records capitalized interest for long-term construction projects to capture the cost of capital committed prior to the placed in service date as a part of the historical cost of acquiring the asset. Interest is not capitalized when balance on the revolver is zero.
	The Company reviews long-lived assets for impairment whenever events or circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of long-lived assets to be held and used is measured by a comparison of the carrying amount of the asset to the undiscounted future cash flows expected to be generated by the asset. If the carrying amount of an asset exceeds its estimated future cash flows, an impairment charge is recognized in the amount by which the carrying amount exceeds the fair value of the asset. There was no triggering event during the years ended September 30, 2013 or 2014 and thus no impairment was recognized.

Environmental Remediation	'
	Environmental Remediation
	When it is probable that a liability has been incurred or an asset of the Company has been impaired, a loss is recognized assuming the amount of the loss can be reasonably estimated. The measurement of environmental liabilities by the Company is based on currently available facts, present laws and regulations and current technology. Such estimates take into consideration the expected costs of post-closure monitoring based on historical experience.

Pension and Postretirement Benefits	'
	Pension and Postretirement Benefits
	The Company has defined benefit pension and postretirement plans covering most of its current and former employees. Significant elements in determining the assets or liabilities and related income or expense for these plans are the expected return on plan assets, the discount rate used to value future payment streams, expected trends in health care costs, and other actuarial assumptions. Annually, the Company evaluates the significant assumptions to be used to value its pension and postretirement plan assets and liabilities based on current market conditions and expectations of future costs. If actual results are less favorable than those projected by management, additional expense may be required in future periods. Salaried employees hired after December 31, 2005 and hourly employees hired after June 30, 2007 are not covered by the pension plan; however, they are eligible for an enhanced matching program of the defined contribution plan (401(k)). Effective December 31, 2007, the U.S. pension plan was amended to freeze benefits for all non-union employees in the U.S. Effective September 30, 2009, the U.K. pension plan was amended to freeze benefits for employees in the plan. Effective January 1, 2007 a plan amendment of the postretirement medical plan caps the Company's liability related to retiree health care costs at $5,000 annually.

Foreign Currency Exchange	'
	Foreign Currency Exchange
	The Company's foreign operating entities' financial statements are denominated in the functional currencies of each respective country, which are the local currencies. All assets and liabilities are translated to U.S. dollars using exchange rates in effect at the end of the year, and revenues and expenses are translated at the weighted average rate for the year. Translation gains or losses are recorded as a separate component of comprehensive income (loss) and transaction gains and losses are reflected in the consolidated statements of operations.

Research and Technical Costs	'
	Research and Technical Costs
	Research and technical costs related to the development of new products and processes are expensed as incurred. Research and technical costs for the years ended September 30, 2012, 2013 and 2014 were $3,285, $3,505 and $3,556, respectively.

Income Taxes	'
	Income Taxes
	The Company accounts for deferred tax assets and liabilities using enacted tax rates for the effect of temporary differences between book and tax basis of recorded assets and liabilities. A valuation allowance is required if it is more likely than not that some portion or all of the deferred tax assets will not be realized. The determination of whether or not a valuation allowance is needed is based upon an evaluation of both positive and negative evidence. In its evaluation of the need for a valuation allowance, the Company utilizes prudent and feasible tax planning strategies. The ultimate amount of deferred tax assets realized could be different from those recorded, as influenced by potential changes in enacted tax laws and the availability of future taxable income. The Company records uncertain tax positions in accordance with ASC 740 on the basis of a two-step process whereby (1) it is determined whether it is more likely than not that the tax positions will be sustained based on the technical merits of the position and (2) those tax positions that meet the more-likely-than-not recognition threshold, we recognize the largest amount of tax benefit that is greater than 50 percent likely to be realized upon ultimate settlement with the related tax authority.

Stock Based Compensation	'
	Stock Based Compensation
	Restricted Stock Plan
	On February 23, 2009, the Company adopted a restricted stock plan that reserved 400,000 shares of common stock for issuance. Grants of restricted stock are shares of the Company's common stock subject to transfer restrictions, which vest in accordance with the terms and conditions established by the Compensation Committee. The Compensation Committee may set restrictions on certain grants based on the achievement of specific performance goals and vesting of grants to participants will also be time-based.
	Restricted stock grants are subject to forfeiture if employment or service terminates prior to the end of the vesting period or if the performance goals are not met, if applicable. The Company will assess, on an ongoing basis, the probability of whether the performance criteria will be achieved. The Company will recognize compensation expense over the performance period if it is deemed probable that the goals will be achieved. The fair value of the Company's restricted stock is determined based upon the closing price of the Company's common stock on the grant date. The plan provides for the adjustment of the number of shares covered by an outstanding grant and the maximum number of shares for which restricted stock may be granted in the event of a stock split, extraordinary dividend or distribution or similar recapitalization event.
	Stock Option Plans
	The Company has two stock option plans that authorize the granting of non-qualified stock options to certain key employees and non-employee directors for the purchase of a maximum of 1,500,000 shares of the Company's common stock. The original option plan was adopted in August 2004 pursuant to the plan of reorganization and provides for the grant of options to purchase up to 1,000,000 shares of the Company's common stock. In January 2007, the Company's Board of Directors adopted a second option plan that provides for options to purchase up to 500,000 shares of the Company's common stock. Each plan provides for the adjustment of the maximum number of shares for which options may be granted in the event of a stock split, extraordinary dividend or distribution or similar recapitalization event. Unless the Compensation Committee determines otherwise, options granted under the option plans are exercisable for a period of ten years from the date of grant and vest 331/3% per year over three years from the grant date. The amount of compensation cost recognized in the financial statement is measured based upon the grant date fair value. The fair value of the option grants is estimated on the date of grant using the Black-Scholes option pricing model with assumptions on dividend yield, risk-free interest rate, expected volatilities, expected forfeiture rate and expected lives of the options.

Financial Instruments and Concentrations of Risk	'
	Financial Instruments and Concentrations of Risk
	The Company may periodically enter into forward currency exchange contracts to minimize the variability in the Company's operating results arising from foreign exchange rate movements. The Company does not engage in foreign currency speculation. At September 30, 2013 and 2014, the Company had no foreign currency exchange contracts outstanding.
	Financial instruments which potentially subject the Company to concentrations of credit risk consist of cash and cash equivalents and accounts receivable. At September 30, 2014, and periodically throughout the year, the Company has maintained cash balances in excess of federally insured limits. The carrying amounts of cash and cash equivalents, accounts receivable and accounts payable approximate fair value because of the relatively short maturity of these instruments.
	During 2012, 2013 and 2014, the Company did not have sales to any group of affiliated customers that were greater than 10% of net revenues. The Company generally does not require collateral with the exception of letters of credit with certain foreign sales. Credit losses have been within management's expectations. In addition, the Company purchases credit insurance for certain foreign trade receivables. The Company does not believe it is significantly vulnerable to the risk of near-term severe impact from business concentrations with respect to customers, suppliers, products, markets or geographic areas.

Accounting Estimates	'
	Accounting Estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. On an on-going basis, management evaluates its estimates and judgments, including those related to bad debts, inventories, income taxes, asset impairment, retirement benefits, and environmental matters. The process of determining significant estimates is fact specific and takes into account factors such as historical experience, current and expected economic conditions, product mix, pension asset mix and in some cases, actuarial techniques, and various other factors that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. The Company routinely reevaluates these significant factors and makes adjustments where facts and circumstances dictate. Actual results may differ from these estimates under different assumptions or conditions.

Earnings Per Share	'
	Earnings Per Share
	The Company accounts for earnings per share using the two-class method. The two-class method is an earnings allocation that determines net income per share for each class of common stock and participating securities according to participation rights in undistributed earnings. Non-vested restricted stock awards that include non-forfeitable rights to dividends are considered participating securities. Per share amounts are computed by dividing net income attributable to common shareholders by the weighted average shares outstanding during each period. Basic earnings per share is computed by dividing net income available to common stockholders for the period by the weighted average number of common shares outstanding for the period. The computation of diluted earnings per share is similar to basic earnings per share, except the denominator is increased to include the number of additional common shares that would have been outstanding if the potentially dilutive common shares had been issued.
	Basic and diluted net income per share were computed as follows:

		Years Ended September 30,
	(in thousands, except share and per share data)	2012			2013			2014
	Numerator: Basic and Diluted
	Net income	$	50,182		$	21,577		$	3,751
	Dividends paid		(10,803	)		(10,849	)		(10,906	)

	Undistributed income (loss)		39,379			10,728			(7,155	)
	Percentage allocated to common shares(a)		99.1	%		99.1	%		99.2	%
	Undistributed income (loss) allocated to common shares		39,025			10,637			(7,098
	Undistributed income (loss) allocated to common shares		39,025			10,637			(7,098	)
	Dividends paid on common shares outstanding		10,705			10,754			10,819

	Net income available to common shares		49,730			21,391			3,721
	Denominator: Basic and Diluted
	Denominator: Basic and Diluted
	Weighted average common shares outstanding		12,147,179			12,223,838			12,291,881
	Adjustment for dilutive potential common shares		68,852			41,792			29,819

	Weighted average shares outstanding—Diluted		12,216,031			12,265,630			12,321,700
	Per common share net income (loss)
	Per common share net income (loss)
	Basic	$	4.09		$	1.75		$	0.3
	Diluted	$	4.07		$	1.74		$	0.3
	Number of stock option shares excluded as their effect would be anti-dilutive		98,630			170,623			180,435
	Number of restrictive stock option shares as their effect would be anti-dilutive		111,000			106,575			98,463

	(a) Percentage allocated to common shares—weighted average
	Common shares outstanding		12,147,179			12,223,838			12,291,881
	Unvested participating shares		111,000			106,575			98,463

			12,258,179			12,330,413			12,390,344


Recently Issued Accounting Pronouncements	'
	Recently Issued Accounting Pronouncements
	In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606). The objective of the update is to recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. It is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. The Company is currently evaluating the methods of adoption allowed by the new standard and the effect, if any, on its financial statements.
	In June 2014, the FASB issued ASU 2014-12, Compensation-Stock Compensation (Topic 718). Accounting for Share-Based Payments When the Terms of an Award Provide that a Performance Target Could Be Achieved after the Requisite Service Period. This update is intended to resolve the diverse accounting treatment of those awards in practice. The amendment is effective for annual and interim periods within those annual periods beginning after December 15, 2015. Early adoption is permitted. The Company is evaluating the effect, if any, on its financial statements.
	In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements-Going Concern (Subtopic 310-40). The amendments in this update provide guidance in GAAP about management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern and to provide related footnote disclosures. In doing so, the amendments should reduce diversity in the timing and content of footnote disclosures. The amendments in this update are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early application is permitted. The Company is evaluating the effect, if any, on its financial statements.

Comprehensive Income (Loss)	'
	Comprehensive Income (Loss)
	Comprehensive income (loss) includes changes in equity that result from transactions and economic events from non-owner sources. See Note 17 for a breakdown of Comprehensive Income (Loss) and changes in Accumulated Other Comprehensive Loss net of tax effects.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Tables)	12 Months Ended
Summary of Significant Accounting Policies (Tables)	Sep. 30, 2014
Summary of Significant Accounting Policies	'
Summary of intangible assets	'


	September 30, 2013	Gross			Accumulated			Carrying
	September 30, 2013	Amount			Amortization			Amount
	Patents	$	4,030		$	(2,533	)	$	1,497
	Trademarks		3,800			—			3,800
	Non-compete		500			(381	)		119
	Other		330			(145	)		185

		$	8,660		$	(3,059	)	$	5,601




	September 30, 2014	Gross			Accumulated			Carrying
	September 30, 2014	Amount			Amortization			Amount
	Patents	$	4,030		$	(2,813	)	$	1,217
	Trademarks		3,800			—			3,800
	Non-compete		500			(452	)		48
	Other		330			(210	)		120

		$	8,660		$	(3,475	)	$	5,185




Schedule of estimate of aggregate amortization expense	'


	Estimate of Aggregate Amortization Expense:
	Year Ended September 30,
	2015		392
	2016		333
	2017		279
	2018		279
	2019		102
	Thereafter		—


Schedule of estimated economic useful lives of property, plant and equipment	'


	Building and improvements	40 years
	Machinery and equipment	5-14 years
	Office equipment and computer software	3-10 years
	Land improvements	20 years


Schedule of basic and diluted net income per share	'


		Years Ended September 30,
	(in thousands, except share and per share data)	2012			2013			2014
	Numerator: Basic and Diluted
	Net income	$	50,182		$	21,577		$	3,751
	Dividends paid		(10,803	)		(10,849	)		(10,906	)

	Undistributed income (loss)		39,379			10,728			(7,155	)
	Percentage allocated to common shares(a)		99.1	%		99.1	%		99.2	%
	Undistributed income (loss) allocated to common shares		39,025			10,637			(7,098
	Undistributed income (loss) allocated to common shares		39,025			10,637			(7,098	)
	Dividends paid on common shares outstanding		10,705			10,754			10,819

	Net income available to common shares		49,730			21,391			3,721
	Denominator: Basic and Diluted
	Denominator: Basic and Diluted
	Weighted average common shares outstanding		12,147,179			12,223,838			12,291,881
	Adjustment for dilutive potential common shares		68,852			41,792			29,819

	Weighted average shares outstanding—Diluted		12,216,031			12,265,630			12,321,700
	Per common share net income (loss)
	Per common share net income (loss)
	Basic	$	4.09		$	1.75		$	0.3
	Diluted	$	4.07		$	1.74		$	0.3
	Number of stock option shares excluded as their effect would be anti-dilutive		98,630			170,623			180,435
	Number of restrictive stock option shares as their effect would be anti-dilutive		111,000			106,575			98,463

	(a) Percentage allocated to common shares—weighted average
	Common shares outstanding		12,147,179			12,223,838			12,291,881
	Unvested participating shares		111,000			106,575			98,463

			12,258,179			12,330,413			12,390,344

Inventories_Tables

Inventories (Tables)	12 Months Ended
Inventories (Tables)	Sep. 30, 2014
Inventories	'
Summary of major classes of inventories	'


		September 30,
		2013		2014
	Raw materials	$	25,647	$	25,050
	Work-in-process		108,708		144,285
	Finished goods		97,150		83,674
	Other		652		1,018

		$	232,157	$	254,027

Property_Plant_and_Equipment_T

Property, Plant and Equipment (Tables)	12 Months Ended
Property, Plant and Equipment (Tables)	Sep. 30, 2014
Property, Plant and Equipment	'
Summary of the major classes of property, plant and equipment	'


		September 30,
		2013			2014
	Land and land improvements	$	6,856		$	6,785
	Buildings		19,034			24,750
	Machinery and equipment		179,407			213,834
	Construction in process		31,472			27,635

			236,769			273,004
	Less accumulated depreciation		(84,005	)		(98,921	)

		$	152,764		$	174,083

Accrued_Expenses_Tables

Accrued Expenses (Tables)	12 Months Ended
Accrued Expenses (Tables)	Sep. 30, 2014
Accrued Expenses	'
Summary of the major classes of accrued expenses	'


		September 30,
		2013		2014
	Employee compensation	$	6,415	$	6,750
	Taxes, other than income taxes		3,005		2,631
	Other		4,256		3,832

		$	13,676	$	13,213

Income_Taxes_Tables

Income Taxes (Tables)	12 Months Ended
Income Taxes (Tables)	Sep. 30, 2014
Income Taxes	'
Schedule of components of income before provision for income taxes	'


		Year Ended September 30,
		2012			2013			2014
	Income (loss) before income taxes:
	U.S.	$	67,968		$	23,555		$	(360	)
	Foreign		9,027			8,443			5,480

	Total	$	76,995		$	31,998		$	5,120


	Provision for income taxes:
	Current:
	U.S. Federal	$	15,836		$	2,125		$	427
	Foreign		1,712			1,419			1,012
	State		2,079			85			541

	Total	$	19,627		$	3,629		$	1,980

	Deferred:
	U.S. Federal		6,314			5,907			(983	)
	Foreign		585			623			302
	State		601			262			70
	Valuation allowance		(314	)		—			—

	Total	$	7,186		$	6,792		$	(611	)

	Total provision for income taxes	$	26,813		$	10,421		$	1,369




Schedule of provision for income taxes applicable to results of operations differed from the U.S. federal statutory rate	'


		Year Ended September 30,
		2012			2013			2014
	Statutory federal tax rate		35	%		35	%		35	%
	Tax provision for income taxes at the statutory rate	$	26,949		$	11,199		$	1,792
	Foreign tax rate differentials		(864	)		(913	)		(605	)
	Provision for state taxes, net of federal taxes		1,578			473			230
	U.S. tax on distributed and undistributed earnings of foreign subsidiaries		335			354			173
	Manufacturer's deduction		(1,715	)		(217	)		—
	Tax credits		—			(78	)		(91	)
	State tax rate reduction impact on deferred tax asset		89			(182	)		157
	Change in Valuation Allowance		(314	)		—			—
	Other, net		755			(215	)		(287	)

	Provision for income taxes at effective tax rate	$	26,813		$	10,421		$	1,369


	Effective tax rate		34.8	%		32.6	%		26.7	%


Schedule of deferred tax assets (liabilities)	'


		September 30,
		2013			2014
	Deferred tax assets:
	Pension and postretirement benefits	$	58,148		$	63,124
	TIMET Agreement		12,167			11,200
	Inventories		2,095			2,662
	Accrued compensation and benefits		3,076			1,606
	Accrued expenses and other		527			2,093
	Tax attributes		946			1,385

	Total deferred tax assets	$	76,959		$	82,070


	Deferred tax liabilities:
	Property, plant and equipment, net	$	(26,931	)	$	(29,789	)
	Intangible and other		(2,709	)		(1,345	)

	Total deferred tax liabilities	$	(29,640	)	$	(31,134	)
	Net deferred tax assets (liabilities)		47,319			50,936
	Net deferred tax assets (liabilities)	$	47,319		$	50,936


	Current deferred tax assets	$	6,018		$	6,297

	Long-term deferred tax asset	$	41,301		$	44,639




Schedule of reconciliation of the beginning and ending amount of unrecognized tax benefits	'


		October 1, 2010 To			October 1, 2011 To			October 1, 2013 To
		September 30,			September 30,			September 30,
		2012			2013			2014
	Balance at beginning of period	$	264		$	264		$	—
	Gross Increases—current period tax positions		—			—			—
	Gross Decreases—current period tax positions		—			—			—
	Gross Increases—tax positions in prior periods		—			—			—
	Gross Decreases—tax positions in prior periods		—			—			—
	Gross Decreases—settlements with taxing authorities		—			—			—
	Gross Decreases—lapse of statute of limitations		—			(264	)		—

	Balance at end of period	$	264		$	—		$	—

Pension_and_Postretirement_Ben

Pension and Post-retirement Benefits (Tables)	12 Months Ended
Pension and Post-retirement Benefits (Tables)	Sep. 30, 2014
Pension Plan and Retirement Benefits	'
Schedule of status of employee pension benefit plans and other postretirement benefit plans	'


			Defined Benefit								Postretirement
			Pension Plans								Health Care Benefits

			Year Ended September 30,								Year Ended September 30,
			Year Ended September 30,								Year Ended September 30,
			2013			2014					2013			2014
			2013			2014					2013			2014
	Change in Benefit Obligation:
	Projected benefit obligation at beginning of year		$	303,445		$	273,693				$	114,209		$	98,772
	Service cost			4,881			3,971					387			267
	Interest cost			10,839			11,989					4,330			4,578
	Actuarial losses (gains)			(32,627	)		12,143					(16,018	)		5,614
	Benefits paid			(12,845	)		(13,237	)				(4,136	)		(3,844	)

	Projected benefit obligation at end of year		$	273,693		$	288,559				$	98,772		$	105,387

	Change in Plan Assets:
	Fair value of plan assets at beginning of year		$	182,011		$	206,113				$	—		$	—
	Actual return on assets			20,977			21,861					—			—
	Employer contributions			15,970			2,225					4,136			3,844
	Benefits paid			(12,845	)		(13,237	)				(4,136	)		(3,844	)

	Fair value of plan assets at end of year		$	206,113		$	216,962				$	—		$	—

	Funded Status of Plan:
	Unfunded status		$	(67,580	)	$	(71,597	)			$	(98,772	)	$	(105,387	)



Schedule of amounts recognized in the consolidated balance sheets and amounts expected to be recognized from AOCI into the statement of operations in the following year	'


			Defined Benefit						Postretirement						Non-Qualified						All Plans
			Pension Plans						Health Care Benefits						Pension Plans						Combined
			September 30,						September 30,						September 30,						September 30,
			2013			2014			2013			2014			2013			2014			2013			2014
	Accrued pension and postretirement benefits:
	Current		$	—		$	—		$	(4,823	)	$	(4,477	)	$	(95	)	$	(95	)	$	(4,918	)	$	(4,572	)
	Non-current			(67,580	)		(71,597	)		(93,949	)		(100,910	)		(730	)		(718	)		(162,259	)		(173,225	)

	Accrued pension and postretirement benefits		$	(67,580	)	$	(71,597	)	$	(98,772	)	$	(105,387	)	$	(825	)	$	(813	)	$	(167,177	)	$	(177,797	)
	Accumulated other comprehensive loss:
	Net loss			63,939			64,641			28,897			32,514			—			—			92,836			97,155
	Prior service cost			5,444			4,636			(2,895	)		—			—			—			2,549			4,636

	Total accumulated other comprehensive loss		$	69,383		$	69,277		$	26,002		$	32,514		$	—		$	—		$	95,385		$	101,791
	Amounts expected to be recognized from AOCI into the statement of operations in the following year:
	Amortization of net loss		$	4,612		$	4,645		$	1,996		$	2,434		$	—		$	—		$	6,608		$	7,079
	Amortization of prior service cost			808			808			(2,895	)		—			—			—			(2,087	)		808

			$	5,420		$	5,453		$	(899	)	$	2,434		$	—		$	—		$	4,521		$	7,887




Schedule of components of net periodic pension cost and postretirement health care benefit cost	'


			Defined Benefit Pension Plans
			Year Ended September 30,
			2012			2013			2014
	Service cost		$	4,001		$	4,881		$	3,971
	Interest cost			11,623			10,839			11,989
	Expected return on assets			(11,755	)		(13,189	)		(15,033	)
	Amortization of prior service cost			808			808			808
	Recognized actuarial loss			9,031			10,189			4,612

	Net periodic cost		$	13,708		$	13,528		$	6,347




			Postretirement
			Health Care Benefits
			Year Ended September 30,
			2012			2013			2014
	Service cost		$	291		$	387		$	267
	Interest cost			4,581			4,330			4,578
	Amortization of unrecognized prior service cost			(5,789	)		(5,789	)		(2,895	)
	Recognized actuarial loss			2,799			3,717			1,996

	Net periodic cost		$	1,882		$	2,645		$	3,946




Schedule of one percentage point change in assumed health care cost trend rates	'


			1-Percentage Point			1-Percentage Point
			Increase			Decrease
	Effect on total of service and interest cost components		$	0		$	0
	Effect on accumulated postretirement benefit obligation			0			0


Schedule of assumptions used to determine actuarial present value of the projected pension benefit obligation and postretirement health care benefit obligation for the plans	'


			September 30,			September 30,
			2013			2014
	Discount rate (postretirement health care)			4.750	%		4.250	%
	Discount rate (U.S. pension plan)			4.500	%		4.000	%
	Discount rate (U.K. pension plan)			4.300	%		3.900	%
	Rate of compensation increase (U.S. pension plan only)			3.500	%		3.500	%


Schedule of assumptions used to determine net periodic pension and postretirement health care benefit costs for the plans	'


			Defined Benefit Pension
			and Postretirement
			Health Care Plans
			Year Ended September 30,
			2012			2013			2014
	Discount rate (postretirement health care plan)			4.625	%		3.875	%		4.750	%
	Discount rate (U.S. pension plan)			4.500	%		3.625	%		4.500	%
	Discount rate (U.K. pension plan)			5.200	%		4.100	%		4.300	%
	Expected return on plan assets (U.S. pension plan)			8.000	%		7.500	%		7.500	%
	Expected return on plan assets (U.K. pension plan)			5.900	%		4.200	%		4.800	%
	Rate of compensation increase (U.S. pension plan only)			3.500	%		3.500	%		3.500	%


Schedule of plan assets by level within the fair value hierarchy	'


			September 30, 2013
			Level 1			Level 2			Level 3			Total
			Active			Other			Significant
			Markets for			Observable			Unobservable
			Identical			Inputs			Inputs
			Assets
	U.S. Pension Plan Assets:
	U.S. common stock mutual funds		$	38,575		$	—		$	—		$	38,575
	Common /collective funds
	Bonds			—			74,378			—			74,378
	Short-term money market			—			2,590			—			2,590
	U.S. common stock			—			64,592			—			64,592
	International equity			—			8,307			—			8,307

	Total U.S.		$	38,575		$	149,867		$	—		$	188,442
	U.K. Plan Assets:
	Equities		$	—		$	7,695		$	—		$	7,695
	Bonds			—			7,111			—			7,111
	Other			—			2,865			—			2,865

	Total U.K.		$	—		$	17,671		$	—		$	17,671

	Total pension plan assets		$	38,575		$	167,538		$	—		$	206,113




			September 30, 2014
			Level 1			Level 2			Level 3			Total
			Active			Other			Significant
			Markets for			Observable			Unobservable
			Identical			Inputs			Inputs
			Assets
	U.S. Pension Plan Assets:
	U.S. common stock mutual funds		$	41,968		$	—		$	—		$	41,968
	Common /collective funds
	Bonds			—			79,231			—			79,231
	Short-term money market			—			—			—			—
	U.S. common stock			—			67,733			—			67,733
	International equity			—			8,398			—			8,398

	Total U.S.		$	41,968		$	155,362		$	—		$	197,330
	U.K. Plan Assets:
	Equities		$	—		$	8,329		$	—		$	8,329
	Bonds			—			9,021			—			9,021
	Other			—			2,282			—			2,282

	Total U.K.		$	—		$	19,632		$	—		$	19,632

	Total pension plan assets		$	41,968		$	174,994		$	—		$	216,962




Schedule of asset classes as a percent of total assets	'


	Asset Class		Target(1)
	Equity			60	%
	Fixed Income			40	%
	Real Estate and Other			0	%


	-1	From time to time the Company may adjust the target allocation by an amount not to exceed 10%.


Schedule of expected benefit payments	'


	Fiscal Year Ending September 30		Pension			Postretirement
	Fiscal Year Ending September 30		Pension			Health Care
	2015		$	14,063		$	4,477
	2016			14,309			4,674
	2017			14,696			4,860
	2018			14,973			5,000
	2019			15,339			5,000
	2020-2024 (in total)			85,683			25,000

Commitments_Tables

Commitments (Tables)	12 Months Ended
Commitments (Tables)	Sep. 30, 2014
Commitments	'
Schedule of future minimum rental commitments under non-cancelable operating leases	'


		Operating
	2015	$	2,812
	2016		1,907
	2017		1,464
	2018		948
	2019		603
	2020 and thereafter		25

		$	7,759

Legal_Environmental_and_Other_1

Legal, Environmental and Other Contingencies (Tables)	12 Months Ended
Legal, Environmental and Other Contingencies (Tables)	Sep. 30, 2014
Legal, Environmental and Other Contingencies	'
Schedule of long-term obligations	'
	Long-term obligations consist of the following (in thousands):

		September 30,
		2013			2014
	Environmental post-closure monitoring and maintenance activities	$	846		$	823
	Less amounts due within one year		(79	)		(78	)

		$	767		$	745




Schedule of maturities of long-term obligations (discounted)	'


	Year Ending
	2015	$	—
	2016		85
	2017		73
	2018		76
	2019		57
	2020 and thereafter		454

		$	745

StockBased_Compensation_Tables

Stock-Based Compensation (Tables)	12 Months Ended
Stock-Based Compensation (Tables)	Sep. 30, 2014
Stock-based Compensation	'
Summary of activity under the restricted stock plan	'


		Number of			Weighted
		Shares			Average Fair
					Value At
					Grant Date
	Unvested at September 30, 2013		96,750		$	47.74
	Granted		37,700		$	52.89
	Forfeited / Canceled		(450	)	$	56.68
	Vested		(36,850	)	$	41.77

	Unvested at September 30, 2014		97,150		$	51.96


	Expected to vest		65,550		$	51.99




Schedule of fair value assumptions used for grants under the stock option plan	'


	Grant Date	Fair			Dividend			Risk-free			Expected			Expected
	Grant Date	Value			Yield			Interest Rate			Volatility			Life
	November 26, 2013	$	13.94			1.67	%		0.57	%		42	%	3 years


Summary of activity under the stock option plans	'


		Number of			Aggregate			Weighted			Weighted
		Shares			Intrinsic			Average			Average
					Value			Exercise			Remaining
					(000s)			Prices			Contractual
											Life
	Outstanding at September 30, 2013		291,664					$	45.36
	Granted		45,250					$	52.78
	Exercised		(54,913	)				$	19.36
	Canceled		—						—

	Outstanding at September 30, 2014		282,001		$	752		$	51.61			5.39 yrs.


	Vested or expected to vest		269,026		$	735		$	51.73			5.26 yrs.
	Exercisable at September 30, 2014		205,252		$	752		$	51.66			4.16 yrs.


	Grant Date	Exercise Price			Remaining			Outstanding			Exercisable
		Per Share			Contractual			Number of			Number of
					Life in Years			Shares			Shares
	March 31, 2006		31.00			1.50			10,000			10,000
	March 30, 2007		72.93			2.50			47,500			47,500
	March 31, 2008		54.00			3.50			58,000			58,000
	October 1, 2008		46.83			4.00			20,000			20,000
	March 31, 2009		17.82			4.50			12,084			12,084
	January 8, 2010		34.00			5.25			12,400			12,400
	November 24, 2010		40.26			6.17			19,667			19,667
	November 25, 2011		55.88			7.17			19,700			13,135
	November 20, 2012		47.96			8.17			35,600			11,866
	December 10, 2012		48.39			8.17			1,800			600
	November 26, 2013		52.78			9.17			45,250			—

									282,001			205,252

Quarterly_Data_unaudited_Table

Quarterly Data (unaudited) (Tables)	12 Months Ended
Quarterly Data (unaudited) (Tables)	Sep. 30, 2014
Quarterly Data (unaudited)	'
Schedule of unaudited quarterly results of operations of the Company	'


		2013
		Quarter Ended
		December 31			March 31			June 30		September 30
	Net revenues	$	114,300		$	129,201		$	123,587	$	115,658
	Gross profit		18,774			20,084			18,605		16,163
	Net income		5,835			6,436			5,297		4,009
	Net income per share:
	Basic	$	0.47		$	0.52		$	0.43	$	0.33
	Diluted	$	0.47		$	0.52		$	0.43	$	0.32


		2014
		Quarter Ended
		December 31			March 31			June 30		September 30
	Net revenues	$	93,700		$	115,350		$	126,293	$	120,067
	Gross profit		5,250			9,064			14,061		18,923
	Net income (loss)		(3,492	)		(1,223	)		2,096		6,370
	Net income (loss) per share:
	Basic	$	(0.29	)	$	(0.10	)	$	0.17	$	0.51
	Diluted	$	(0.29	)	$	(0.10	)	$	0.17	$	0.51

Segment_Reporting_Tables

Segment Reporting (Tables)	12 Months Ended
Segment Reporting (Tables)	Sep. 30, 2014
Segment Reporting	'
Schedule of revenues from external customers attributable to geographic areas	'


		Year Ended September 30,
		2012		2013		2014
	Net Revenue by Geography:
	United States	$	346,750	$	268,054	$	261,631
	Europe		121,781		110,389		101,824
	China		48,183		39,475		36,596
	Other		62,847		64,828		55,359

	Net Revenues	$	579,561	$	482,746	$	455,410


	Net Revenue by Product Group:
	High-temperature resistant alloys	$	423,080	$	357,232	$	341,557
	Corrosive-resistant alloys		156,481		125,514		113,853

	Net revenues	$	579,561	$	482,746	$	455,410




Schedule of long-lived assets by geographic areas	'


		September 30,
		2013		2014
	Long-lived Assets by Geography:
	United States	$	146,940	$	166,542
	Europe		5,221		7,021
	China		603		520

	Total long-lived assets	$	152,764	$	174,083

Valuation_and_Qualifying_Accou1

Valuation and Qualifying Accounts (Tables)	12 Months Ended
Valuation and Qualifying Accounts (Tables)	Sep. 30, 2014
Valuation and Qualifying Accounts	'
Schedule of changes in valuation and qualifying accounts	'


			Balance at		Charges			Deductions(1)			Balance at
			Beginning		(credits) to						End
			of Period		Expense						of Period
	Allowance for doubtful accounts receivables:
	September 30, 2014			1,199		8			(346	)		861
	September 30, 2013			1,249		(34	)		(16	)		1,199
	September 30, 2012			1,129		235			(115	)		1,249


	-1	Uncollectible accounts written off net of recoveries.

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	12 Months Ended
Fair Value Measurements (Tables)	Sep. 30, 2014
Fair Value Measurements	'
Schedule of company's fair value hierarchy for its financial assets and liabilities measured at fair value on a recurring basis	'


		September 30, 2013 Fair Value Measurements at
		Reporting Date Using:
		Level 1		Level 2		Level 3		Total
	Assets:
	Cash and money market funds	$	68,326	$	—	$	—	$	68,326
	Pension plan assets		38,575		167,538		—		206,113

	Total fair value	$	106,901	$	167,538	$	—	$	274,439




		September 30, 2014 Fair Value Measurements
		at Reporting Date Using:
		Level 1		Level 2		Level 3		Total
	Assets:
	Cash and money market funds	$	45,871	$	—	$	—	$	45,871
	Pension plan assets		41,968		174,994		—		216,962

	Total fair value	$	87,839	$	174,994	$	—	$	262,833

Comprehensive_Income_Loss_and_1

Comprehensive Income (Loss) and Changes in Accumulated Other Comprehensive Income (Loss) by Component (Tables)	12 Months Ended
	Sep. 30, 2014
Comprehensive Income (Loss) and Changes in Accumulated Other Comprehensive Income (Loss) by Component	'
Schedule of comprehensive income (loss)	'


			Year Ended September 30,

			2012											2013									2014
			2012											2013									2014
			Pre-tax			Tax			Net					Pre-tax			Tax			Net			Pre-tax			Tax			Net
	Net income								$	50,182										$	21,577								$	3,751
	Other comprehensive income (loss):
	Pension and postretirement:
	Net gain (loss) arising during period		$	(19,688	)	$	7,399			(12,289	)			$	74,282		$	(27,201	)		47,081		$	(1,886	)	$	698			(1,188	)
	Less: amortization of prior service cost			4,981			(1,743	)		3,238					4,981			(1,743	)		3,238			2,087			(773	)		1,314
	Less: amortization of gain (loss)			(11,830	)		4,140			(7,690	)				(13,906	)		4,867			(9,039	)		(6,608	)		2,444			(4,164	)
	Foreign currency translation adjustment			698			—			698					1,012			—			1,012			(991	)		—			(991	)

	Other comprehensive income (loss)		$	(25,839	)	$	9,796			(16,043	)			$	66,369		$	(24,077	)		42,292		$	(7,398	)	$	2,369			(5,029	)

	Total comprehensive income (loss)								$	34,139										$	63,869								$	(1,278	)



Schedule of accumulated other comprehensive income (loss)	'


			Twelve Months Ended September 30, 2013
			Pension			Postretirement			Foreign			Total
			Plan			Plan			Exchange			Total
	Accumulated other comprehensive income (loss) as of September 30, 2012		$	(75,263	)	$	(24,779	)	$	951		$	(99,091	)

	Other comprehensive income (loss) before classifications			25,317			10,162			1,012			36,491
	Amounts reclassified from accumulated other comprehensive income (loss)			7,148			(1,347	)		—			5,801

	Net current-period other comprehensive income (loss)			32,465			8,815			1,012			42,292

	Accumulated other comprehensive income (loss) as of September 30, 2013		$	(42,798	)	$	(15,964	)	$	1,963		$	(56,799	)




			Twelve Months Ended September 30, 2014
			Pension			Postretirement			Foreign			Total
			Plan			Plan			Exchange			Total
	Accumulated other comprehensive income (loss) as of September 30, 2013		$	(42,798	)	$	(15,964	)	$	1,963		$	(56,799	)

	Other comprehensive income (loss) before classifications			(3,418	)		(3,470	)		(991	)		(7,879	)
	Amounts reclassified from accumulated other comprehensive income (loss)			3,416			(566	)		—			2,850

	Net current-period other comprehensive income (loss)			(2	)		(4,036	)		(991	)		(5,029	)

	Accumulated other comprehensive income (loss) as of September 30, 2014		$	(42,800	)	$	(20,000	)	$	972		$	(61,828	)




Schedule of reclassifications out of accumulated other comprehensive income	'


			Twelve Months Ended									Twelve Months Ended
			September 30, 2013									September 30, 2014
			Pension			Post-			Total			Pension			Post-			Total
			Plan			retirement						Plan			retirement
						Plan									Plan
	Amortization of Pension and Postretirement Plan items
	Prior Service Costs(a)		$	(808	)	$	5,789		$	4,981		$	(808	)	$	2,895		$	2,087
	Actuarial (losses)(a)			(10,189	)		(3,717	)		(13,906	)		(4,613	)		(1,996	)		(6,609	)

	Total before tax			(10,997	)		2,072			(8,925	)		(5,421	)		899			(4,522	)
	Tax (expense) or benefit			3,849			(725	)		3,124			2,005			(333	)		1,672

	Total reclassification for the period		$	(7,148	)	$	1,347		$	(5,801	)	$	(3,416	)	$	566		$	(2,850	)




	(a)	These accumulated other comprehensive income components are included in the computation of net periodic pension cost.

Summary_of_Significant_Account3

Summary of Significant Accounting Policies (Details) (Conversion Services Agreement)	0 Months Ended
	Nov. 17, 2006
Conversion Services Agreement	'
Revenue Recognition	'
Term of agreement to provide conversion services	'20 years

Summary_of_Significant_Account4

Summary of Significant Accounting Policies (Details 2) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Intangible Assets	'	'	'
Impairment charges recognized	$0	$0	'
Amortization expense of patents, non-competes and other intangibles	416	416	423
Total intangible assets, Gross Amount	8,660	8,660	'
Finite-lived intangible assets, Accumulated Amortization	-3,475	-3,059	'
Carrying Amount	5,185	5,601	'
Patents	'	'	'
Intangible Assets	'	'	'
Finite-lived intangible assets, Gross Amount	4,030	4,030	'
Finite-lived intangible assets, Accumulated Amortization	-2,813	-2,533	'
Finite-lived intangible assets, Carrying Amount	1,217	1,497	'
Patents \| Minimum	'	'	'
Intangible Assets	'	'	'
Useful life	'2 years	'	'
Patents \| Maximum	'	'	'
Intangible Assets	'	'	'
Useful life	'14 years	'	'
Non-compete	'	'	'
Intangible Assets	'	'	'
Useful life	'8 months	'	'
Finite-lived intangible assets, Gross Amount	500	500	'
Finite-lived intangible assets, Accumulated Amortization	-452	-381	'
Finite-lived intangible assets, Carrying Amount	48	119	'
Other	'	'	'
Intangible Assets	'	'	'
Finite-lived intangible assets, Gross Amount	330	330	'
Finite-lived intangible assets, Accumulated Amortization	-210	-145	'
Finite-lived intangible assets, Carrying Amount	120	185	'
Trademarks	'	'	'
Intangible Assets	'	'	'
Indefinite-lived intangible assets	$3,800	$3,800	'

Summary_of_Significant_Account5

Summary of Significant Accounting Policies (Details 3) (USD $)	Sep. 30, 2014
In Thousands, unless otherwise specified	Sep. 30, 2014
Estimate of Aggregate Amortization Expense:	'
2015	$392
2016	333
2017	279
2018	279
2019	$102

Summary_of_Significant_Account6

Summary of Significant Accounting Policies (Details 4) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Property, Plant and Equipment	'	'
Balance on revolver	$0	'
Impairment recognized	$0	$0
Building and improvements	'	'
Property, Plant and Equipment	'	'
Estimated economic useful lives	'40 years	'
Machinery and equipment \| Minimum	'	'
Property, Plant and Equipment	'	'
Estimated economic useful lives	'5 years	'
Machinery and equipment \| Maximum	'	'
Property, Plant and Equipment	'	'
Estimated economic useful lives	'14 years	'
Office equipment and computer software \| Minimum	'	'
Property, Plant and Equipment	'	'
Estimated economic useful lives	'3 years	'
Office equipment and computer software \| Maximum	'	'
Property, Plant and Equipment	'	'
Estimated economic useful lives	'10 years	'
Land improvements	'	'
Property, Plant and Equipment	'	'
Estimated economic useful lives	'20 years	'

Summary_of_Significant_Account7

Summary of Significant Accounting Policies (Details 5) (USD $)	0 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Jan. 01, 2007	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Pension and Postretirement Benefits	'	'	'	'
Maximum liability related to total retiree health care costs under plan amendment	$5,000	'	'	'
Research and Technical Costs	'	'	'	'
Research and technical expense	'	$3,556	$3,505	$3,285

Summary_of_Significant_Account8

Summary of Significant Accounting Policies (Details 6)	12 Months Ended
	Sep. 30, 2014
	plan
Original option plan August 2004	'
Stock-Based Compensation	'
Number of shares of common stock reserved for issuance	1,000,000
Second option plan January 2007	'
Stock-Based Compensation	'
Number of shares of common stock reserved for issuance	500,000
Restricted Stock Plan	'
Stock-Based Compensation	'
Number of shares of common stock reserved for issuance	400,000
Stock Option Plans	'
Stock-Based Compensation	'
Number of shares of common stock reserved for issuance	1,500,000
Number of plans	2
Period during which options are exercisable	'10 years
Vesting of awards per year (as a percent)	33.33%
Award vesting period	'3 years

Summary_of_Significant_Account9

Summary of Significant Accounting Policies (Details 7)	Sep. 30, 2014	Sep. 30, 2013
Summary of Significant Accounting Policies (Details 7)	contract	contract
Financial Instruments	'	'
Foreign currency exchange contracts outstanding	0	0

Recovered_Sheet1

Summary of Significant Accounting Policies (Details 8) (USD $)	3 Months Ended								12 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Numerator: Basic and Diluted	'	'	'	'	'	'	'	'	'	'	'
Net income	$6,370	$2,096	($1,223)	($3,492)	$4,009	$5,297	$6,436	$5,835	$3,751	$21,577	$50,182
Dividends paid	'	'	'	'	'	'	'	'	-10,906	-10,849	-10,803
Undistributed income (loss)	'	'	'	'	'	'	'	'	-7,155	10,728	39,379
Percentage allocated to common shares	'	'	'	'	'	'	'	'	99.20%	99.10%	99.10%
Undistributed income (loss) allocated to common shares	'	'	'	'	'	'	'	'	-7,098	10,637	39,025
Dividends paid on common shares outstanding	'	'	'	'	'	'	'	'	10,819	10,754	10,705
Net income (loss) available to common shares	'	'	'	'	'	'	'	'	$3,721	$21,391	$49,730
Denominator: Basic and Diluted	'	'	'	'	'	'	'	'	'	'	'
Weighted average shares	'	'	'	'	'	'	'	'	12,291,881	12,223,838	12,147,179
Adjustment for dilutive potential common shares	'	'	'	'	'	'	'	'	29,819	41,792	68,852
Weighted average shares - Diluted	'	'	'	'	'	'	'	'	12,321,700	12,265,630	12,216,031
Basic net income (loss) per share (in dollars per share)	$0.51	$0.17	($0.10)	($0.29)	$0.33	$0.43	$0.05	$0.47	$0.30	$1.75	$4.09
Diluted net income (loss) per share (in dollars per share)	$0.51	$0.17	($0.10)	($0.29)	$0.32	$0.43	$0.05	$0.47	$0.30	$1.74	$4.07

Recovered_Sheet2

Summary of Significant Accounting Policies (Details 9)	12 Months Ended
Summary of Significant Accounting Policies (Details 9)	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Stock Option Plans	'	'	'
Antidilutive securities	'	'	'
Number of shares excluded as their effect would be anti-dilutive	180,435	170,623	98,630
Restricted Stock Plan	'	'	'
Antidilutive securities	'	'	'
Number of shares excluded as their effect would be anti-dilutive	98,463	106,575	111,000

Recovered_Sheet3

Summary of Significant Accounting Policies (Details 10)	12 Months Ended
Summary of Significant Accounting Policies (Details 10)	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Percentage allocated to common shares - weighted average	'	'	'
Common shares outstanding	12,291,881	12,223,838	12,147,179
Unvested participating shares	98,463	106,575	111,000
Total	12,390,344	12,330,413	12,258,179

Inventories_Details

Inventories (Details) (USD $)	Sep. 30, 2014	Sep. 30, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Inventories	'	'
Raw Materials	$25,050	$25,647
Work-in-process	144,285	108,708
Finished Goods	83,674	97,150
Other	1,018	652
Total	$254,027	$232,157

Property_Plant_and_Equipment_D

Property, Plant and Equipment (Details) (USD $)	Sep. 30, 2014	Sep. 30, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Property, plant and equipment	'	'
Gross amount	$273,004	$236,769
Less accumulated depreciation	-98,921	-84,005
Net amount	174,083	152,764
Assets under a capital lease for equipment related to the service center operation in Shanghai, China	432	'
Land and land improvements	'	'
Property, plant and equipment	'	'
Gross amount	6,785	6,856
Buildings	'	'
Property, plant and equipment	'	'
Gross amount	24,750	19,034
Machinery and equipment	'	'
Property, plant and equipment	'	'
Gross amount	213,834	179,407
Construction in process	'	'
Property, plant and equipment	'	'
Gross amount	$27,635	$31,472

Accrued_Expenses_Details

Accrued Expenses (Details) (USD $)	Sep. 30, 2014	Sep. 30, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Accrued Expenses	'	'
Employee compensation	$6,750	$6,415
Taxes, other than income taxes	2,631	3,005
Other	3,832	4,256
Total accrued expenses	$13,213	$13,676

Income_Taxes_Details

Income Taxes (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Income (loss) before income taxes:	'	'	'
U.S.	($360)	$23,555	$67,968
Foreign	5,480	8,443	9,027
Income (loss) before income taxes	5,120	31,998	76,995
Current:	'	'	'
U.S. Federal	427	2,125	15,836
Foreign	1,012	1,419	1,712
State	541	85	2,079
Total	1,980	3,629	19,627
Deferred:	'	'	'
U.S. Federal	-983	5,907	6,314
Foreign	302	623	585
State	70	262	601
Valuation allowance	'	'	-314
Total	-611	6,792	7,186
Total provision for income taxes	1,369	10,421	26,813
Effective income tax rate reconciliation	'	'	'
Statutory federal tax rate (as a percent)	35.00%	35.00%	35.00%
Tax provision for income taxes at the statutory rate	1,792	11,199	26,949
Foreign tax rate differentials	-605	-913	-864
Provision for state taxes, net of federal taxes	230	473	1,578
U.S. tax on distributed and undistributed earnings of foreign subsidiaries	173	354	335
Manufacturer's deduction	'	-217	-1,715
Tax credits	-91	-78	'
State tax rate reduction impact on deferred tax asset	157	-182	89
Change in Valuation Allowance	'	'	-314
Other, net	-287	-215	755
Total provision for income taxes	$1,369	$10,421	$26,813
Effective tax rate (as a percent)	26.70%	32.60%	35.00%

Income_Taxes_Details_2

Income Taxes (Details 2) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Deferred tax assets:	'	'
Pension and postretirement benefits	$63,124	$58,148
Inventories	2,662	2,095
Accrued compensation and benefits	1,606	3,076
Accrued expenses and other	2,093	527
Tax attributes	1,385	946
Total deferred tax assets	82,070	76,959
Deferred tax liabilities:	'	'
Property, plant and equipment, net	-29,789	-26,931
Intangible and other	-1,345	-2,709
Total	-31,134	-29,640
Net deferred tax assets (liabilities)	50,936	47,319
Current deferred tax assets	6,297	6,018
Long-term deferred tax asset	44,639	41,301
State tax net operating loss	5,013	2,106
Tax credits	606	0
Foreign net operating loss	1,259	1,602
Undistributed losses of foreign subsidiaries	55,816	'
Provision for U.S. income taxes	0	'
Conversion Services Agreement	'	'
Deferred tax assets:	'	'
Total deferred tax assets	$11,200	$12,167

Income_Taxes_Details_3

Income Taxes (Details 3) (USD $)	12 Months Ended	24 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2010
Reconciliation of the beginning and ending amount of unrecognized tax benefits	'	'	'
Balance at beginning of period	$264	$264	$264
Gross Decreases-lapse of statute of limitations	'	-264	'
Balance at end of period	'	'	264
Unrecognized tax benefits	'	'	'
Unrecognized tax benefits currently recognized, impact on income statement	236	'	'
Reversal of accrued interest expense related to the unrecognized tax benefits	($75)	'	'

Debt_Details

Debt (Details)	Sep. 30, 2014	Sep. 30, 2014	Jul. 11, 2011	Sep. 30, 2014	Sep. 30, 2014	Apr. 30, 2008	Apr. 30, 2008	Sep. 30, 2014
	USD ($)	U.S. revolving credit facility	U.S. revolving credit facility	U.S. revolving credit facility	U.S. revolving credit facility	U.K. revolving credit facility	U.K. revolving credit facility	Letters of credit
		USD ($)	USD ($)	Maximum	Maximum	USD ($)	GBP (£)	USD ($)
				Prime rate	Eurodollar rate
Debt	'	'	'	'	'	'	'	'
Maximum revolving loan amount under the Amended Agreement	'	'	$120,000,000	'	'	$3,243,000	£ 2,000,000	'
Limited borrowing capacity	'	'	105,000,000	'	'	'	'	'
Increased maximum revolving loan amount at the request of the borrowers	'	'	170,000,000	'	'	'	'	'
Basis spread on variable rate (as a percent)	'	'	'	0.75%	2.00%	'	'	'
Outstanding balance	0	0	'	'	'	'	'	'
Commitment fee (as a percent)	'	0.25%	'	'	'	'	'	1.50%
Excess availability, percentage, maximum	'	12.50%	'	'	'	'	'	'
Maximum aggregate amount of annual dividends which the Company may pay before certain financial metrics must be met	'	'	'	'	'	'	'	$20,000,000
Percentage of equity interest in direct foreign subsidiaries pledged as collateral for borrowings	'	65.00%	'	'	'	'	'	'

Debt_Details_2

Debt (Details 2)	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014
In Thousands, unless otherwise specified	Haynes International, S.A.R.L.	Haynes International, S.A.R.L.	Haynes International AG	Haynes International AG
	USD ($)	EUR (€)	USD ($)	CHF
Debt and long-term obligations	'	'	'	'
Overdraft facility	$1,510	€ 1,200	$524	500

Pension_Plan_and_Retirement_Be1

Pension Plan and Retirement Benefits (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011
	401(k)	401(k)	401(k)	Profit sharing plans	Profit sharing plans	Profit sharing plans
Defined Contribution Plans	'	'	'	'	'	'
Percentage of employee's contribution contributed by the company for all employees except for all salaried employees and certain hourly employees	50.00%	'	'	'	'	'
Maximum percentage of employee's salary that can be contributed by the company for all employees except for all salaried employees and certain hourly employees	3.00%	'	'	'	'	'
Percentage of employee's contribution contributed by the company for all salaried employees and certain hourly employees	60.00%	'	'	'	'	'
Maximum percentage of employee's salary that can be contributed by the company for all salaried employees and certain hourly employees	6.00%	'	'	'	'	'
Expenses associated with defined contribution plan (401(k))	$1,436	$1,416	$1,374	$0	$0	$0

Pension_Plan_and_Retirement_Be2

Pension Plan and Retirement Benefits (Details 2) (USD $)

0 Months Ended

12 Months Ended

3 Months Ended

12 Months Ended

0 Months Ended

1 Months Ended

12 Months Ended

In Thousands, unless otherwise specified

Jan. 01, 2007

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2007

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2009

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2012

Jan. 01, 2007

Mar. 31, 2006

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2014

Sep. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Defined Benefit Pension Plans

U.S. pension plan

U.K. pension plan

Non-qualified pension plan

Postretirement Health Care Benefits

U.K. subsidiary

Over 65 age group

Under 65 age group

Pension Plan and Retirement Benefits

Pension multiplier before increase (as a percent)

1.40%

Pension multiplier after increase (as a percent)

1.60%

Reduction in projected benefit obligation

$8,191

$392

Increase to other comprehensive income (before tax)

4,532

392

Defined Benefit Plan, Recognized Net Gain (Loss) Due to Curtailments

3,659

Maximum liability related to total retiree health care costs under plan amendment

5,000

Reduction in accumulated postretirement benefit liability due to plan amendment

46,313

Period of amortization as a reduction to expense

'8 years

Change in Benefit Obligation:

Projected benefit obligation at beginning of year

273,693

303,445

98,772

114,209

Service cost

3,971

4,881

4,001

267

387

291

Interest cost

11,989

10,839

11,623

4,578

4,330

4,581

Actuarial losses (gains)

12,143

-32,627

5,614

-16,018

Benefits paid

-13,237

-12,845

-3,844

-4,136

Projected benefit obligation at end of year

288,559

273,693

303,445

105,387

98,772

114,209

Change in Plan Assets:

Fair value of plan assets at beginning of year

206,113

182,011

188,442

17,671

Actual return on assets

21,861

20,977

Employer contribution

2,225

15,970

1,250

15,000

970

3,844

4,136

Benefits paid

-13,237

-12,845

-3,844

-4,136

Fair value of plan assets at end of year

216,962

206,113

182,011

197,330

188,442

19,632

17,671

Funded Status of Plan:

Unfunded status

-71,597

-67,580

-105,387

-98,772

Accrued pension and postretirement benefits:

Current

-4,572

-4,918

-95

-4,477

-4,823

Non-current

-173,225

-162,259

-71,597

-67,580

-718

-730

-100,910

-93,949

Accrued pension and postretirement benefits

-177,797

-167,177

-71,597

-67,580

-813

-825

-105,387

-98,772

Accumulated other comprehensive loss:

Net (gain) loss

97,155

92,836

64,641

63,939

32,514

28,897

Prior service cost

4,636

2,549

4,636

5,444

-2,895

Total accumulated other comprehensive loss

101,791

95,385

69,277

69,383

32,514

26,002

Amounts expected to be recognized from AOCI into the statement of operations in the following year:

Amortization of net loss

7,079

6,608

4,645

4,612

2,434

1,996

Amortization of prior service cost

808

-2,087

808

-2,895

Total

7,887

4,521

5,453

5,420

2,434

-899

Accumulated benefit obligation

276,009

257,284

Components of net periodic pension cost and postretirement health care benefit cost

Service cost

3,971

4,881

4,001

267

387

291

Interest cost

11,989

10,839

11,623

4,578

4,330

4,581

Expected return on assets

-15,033

-13,189

-11,755

Amortization of prior service cost

808

-2,895

-5,789

Recognized actuarial loss

4,612

10,189

9,031

1,996

3,717

2,799

Net periodic benefit cost

6,347

13,528

13,708

110

3,946

2,645

1,882

Assumptions relating to health care cost trend rates

Annual rate of increase for the costs of covered health care benefits on the basis of age (as a percent)

5.00%

5.50%

6.00%

Ultimate annual rate of decrease in costs of covered health care benefits by year 2016 (as a percent)

5.00%

Effect of one percentage point change in assumed health care cost trend rates

Effect on total of service and interest cost components of one percent increase

Effect on total of service and interest cost components of one percent decrease

Effect on accumulated postretirement benefit obligation of one percent increase

Effect on accumulated postretirement benefit obligation of one percent decrease

Assumptions used to determine benefit obligation

Discount rate (as a percent)

4.00%

4.50%

3.90%

4.30%

4.25%

4.75%

Rate of compensation increase (as a percent)

3.50%

Assumptions used to determine net periodic benefit cost

Discount rate (as a percent)

4.50%

3.63%

4.50%

4.30%

4.10%

5.20%

4.75%

3.88%

4.63%

Expected return on plan assets (as a percent)

7.50%

8.00%

4.80%

4.20%

5.90%

Rate of compensation increase (as a percent)

3.50%

Pension_Plan_and_Retirement_Be3

Pension Plan and Retirement Benefits (Details 3) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Minimum	'	'	'
Asset allocation	'	'	'
Equity risk premium above broad bond market yields (as a percent)	3.00%	'	'
Broad bond market yields (as a percent)	5.00%	'	'
Maximum	'	'	'
Asset allocation	'	'	'
Equity risk premium above broad bond market yields (as a percent)	4.00%	'	'
Broad bond market yields (as a percent)	7.00%	'	'
Amount of adjustment to target allocation (as a percent)	10.00%	'	'
Bond Funds	'	'	'
Asset allocation	'	'	'
Actual plan asset allocation (as a percent)	40.00%	'	'
Target plan asset allocation (as a percent)	40.00%	'	'
Equity	'	'	'
Asset allocation	'	'	'
Actual plan asset allocation (as a percent)	60.00%	'	'
Target plan asset allocation (as a percent)	60.00%	'	'
Real estate and Other	'	'	'
Asset allocation	'	'	'
Target plan asset allocation (as a percent)	0.00%	'	'
Other	'	'	'
Asset allocation	'	'	'
Actual plan asset allocation (as a percent)	0.00%	'	'
Defined Benefit Pension Plans	'	'	'
Fair value measurement of plan assets	'	'	'
Total pension plan assets	$216,962	$206,113	182,011
Expected benefit payments	'	'	'
2015	14,063	'	'
2016	14,309	'	'
2017	14,696	'	'
2018	14,973	'	'
2019	15,339	'	'
2020-2023 (in total)	85,683	'	'
Defined Benefit Pension Plans \| Level 1	'	'	'
Fair value measurement of plan assets	'	'	'
Total pension plan assets	41,968	38,575	'
Defined Benefit Pension Plans \| Level 2	'	'	'
Fair value measurement of plan assets	'	'	'
Total pension plan assets	174,994	167,538	'
U.S. pension plan	'	'	'
Fair value measurement of plan assets	'	'	'
Total pension plan assets	197,330	188,442	'
Asset allocation	'	'	'
Plan's return on assets assumption (as a percent)	7.50%	7.50%	8.00%
U.S. pension plan \| U.S. common stock mutual fund	'	'	'
Fair value measurement of plan assets	'	'	'
Total pension plan assets	41,968	38,575	'
U.S. pension plan \| Bond Funds	'	'	'
Fair value measurement of plan assets	'	'	'
Total pension plan assets	79,231	74,378	'
U.S. pension plan \| Common /collective funds, Short-term money market	'	'	'
Fair value measurement of plan assets	'	'	'
Total pension plan assets	'	2,590	'
U.S. pension plan \| Common /collective funds, U.S. common stock	'	'	'
Fair value measurement of plan assets	'	'	'
Total pension plan assets	67,733	64,592	'
U.S. pension plan \| Common /collective funds, International equity	'	'	'
Fair value measurement of plan assets	'	'	'
Total pension plan assets	8,398	8,307	'
U.S. pension plan \| Level 1	'	'	'
Fair value measurement of plan assets	'	'	'
Total pension plan assets	41,968	38,575	'
U.S. pension plan \| Level 1 \| U.S. common stock mutual fund	'	'	'
Fair value measurement of plan assets	'	'	'
Total pension plan assets	41,968	38,575	'
U.S. pension plan \| Level 2	'	'	'
Fair value measurement of plan assets	'	'	'
Total pension plan assets	155,362	149,867	'
U.S. pension plan \| Level 2 \| Bond Funds	'	'	'
Fair value measurement of plan assets	'	'	'
Total pension plan assets	79,231	74,378	'
U.S. pension plan \| Level 2 \| Common /collective funds, Short-term money market	'	'	'
Fair value measurement of plan assets	'	'	'
Total pension plan assets	'	2,590	'
U.S. pension plan \| Level 2 \| Common /collective funds, U.S. common stock	'	'	'
Fair value measurement of plan assets	'	'	'
Total pension plan assets	67,733	64,592	'
U.S. pension plan \| Level 2 \| Common /collective funds, International equity	'	'	'
Fair value measurement of plan assets	'	'	'
Total pension plan assets	8,398	8,307	'
U.K. pension plan	'	'	'
Fair value measurement of plan assets	'	'	'
Total pension plan assets	19,632	17,671	'
Asset allocation	'	'	'
Plan's return on assets assumption (as a percent)	4.80%	4.20%	5.90%
U.K. pension plan \| Bond Funds	'	'	'
Fair value measurement of plan assets	'	'	'
Total pension plan assets	9,021	7,111	'
U.K. pension plan \| Equity	'	'	'
Fair value measurement of plan assets	'	'	'
Total pension plan assets	8,329	7,695	'
U.K. pension plan \| Other	'	'	'
Fair value measurement of plan assets	'	'	'
Total pension plan assets	2,282	2,865	'
U.K. pension plan \| Level 2	'	'	'
Fair value measurement of plan assets	'	'	'
Total pension plan assets	19,632	17,671	'
U.K. pension plan \| Level 2 \| Bond Funds	'	'	'
Fair value measurement of plan assets	'	'	'
Total pension plan assets	9,021	7,111	'
U.K. pension plan \| Level 2 \| Equity	'	'	'
Fair value measurement of plan assets	'	'	'
Total pension plan assets	8,329	7,695	'
U.K. pension plan \| Level 2 \| Other	'	'	'
Fair value measurement of plan assets	'	'	'
Total pension plan assets	2,282	2,865	'
Postretirement Health Care Benefits	'	'	'
Expected benefit payments	'	'	'
2015	4,477	'	'
2016	4,674	'	'
2017	4,860	'	'
2018	5,000	'	'
2019	5,000	'	'
2020-2023 (in total)	$25,000	'	'

Commitments_Details

Commitments (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Commitments	'	'	'
Lease term	'10 years	'	'
Rent expense	$3,518	$3,693	$3,347
Income from sub-lease rentals	147	129	145
Future minimum rental commitments under non-cancelable operating leases	'	'	'
2015	2,812	'	'
2016	1,907	'	'
2017	1,464	'	'
2018	948	'	'
2019	603	'	'
2020 and thereafter	25	'	'
Total	7,759	'	'
Minimum sub-lease rentals due in the future	$35	'	'

Legal_Environmental_and_Other_2

Legal, Environmental and Other Contingencies (Details) (USD $)	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2014
In Thousands, unless otherwise specified			Pending litigation	Claims involving personal injuries
			item	Pending litigation
				action
Legal, Environmental and Other Contingencies	'	'	'	'
Number of actions in which the entity is involved relating to welding rod-related injuries	'	'	'	2
Number of areas of concern that required investigation	'	'	1	'
Number of solid waste management units evaluated under RCRA, as required by IDEM	'	'	1	'
Accrual for post-closure monitoring and maintenance activities	$78	$79	$823	'

Legal_Environmental_and_Other_3

Legal, Environmental and Other Contingencies (Details 2) (USD $)	Sep. 30, 2014	Sep. 30, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Long-term obligations	'	'
Environmental post-closure monitoring and maintenance activities	$823	$846
Less amounts due within one year	-78	-79
Total long-term obligations	745	767
Maturities of long-term obligations (discounted)	'	'
2015	85	'
2016	73	'
2017	76	'
2018	57	'
2019 and thereafter	454	'
Total long-term obligations	$745	$767

StockBased_Compensation_Detail

Stock-Based Compensation (Details) (USD $)	12 Months Ended						0 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2014	Dec. 02, 2013	Nov. 26, 2013
	Employee	Non-Employee Director	Restricted Stock Plan	Restricted Stock Plan	Restricted Stock Plan	Restricted Stock Plan	Restricted Stock Plan	Restricted Stock Plan
						Employee	Key Employees and Non-Employee Directors	Key Employees and Non-Employee Directors
Stock-Based Compensation	'	'	'	'	'	'	'	'
Number of shares of common stock reserved for issuance	'	'	400,000	'	'	'	'	'
Award vesting period	'3 years	'3 years	'	'	'	'	'	'
Period of performance goal based on net income used for determination of vesting period	'3 years	'	'	'	'	'	'	'
Restricted stock plan activity, number of shares	'	'	'	'	'	'	'	'
Unvested at beginning of the period (in shares)	'	'	96,750	'	'	'	'	'
Granted (in shares)	'	'	37,700	'	'	'	3,000	34,700
Forfeited / Canceled (in shares)	'	'	-450	'	'	'	'	'
Vested (in shares)	'	'	-36,850	'	'	'	'	'
Unvested at end of the period (in shares)	'	'	97,150	96,750	'	'	'	'
Expected to vest (in shares)	'	'	65,550	'	'	'	'	'
Restricted stock plan activity, Weighted Average Fair Value at Grant Date	'	'	'	'	'	'	'	'
Unvested at beginning of the period (in dollars per share)	'	'	$47.74	'	'	'	'	'
Granted (in dollars per share)	'	'	$52.89	'	'	'	$54.22	$52.78
Forfeited / Canceled (in dollars per share)	'	'	$56.68	'	'	'	'	'
Vested (in dollars per share)	'	'	$42	'	'	'	'	'
Unvested at end of the period (in dollars per share)	'	'	$51.96	$47.74	'	'	'	'
Expected to vest (in dollars per share)	'	'	$51.99	'	'	'	'	'
Restricted stock plan activity, other disclosures	'	'	'	'	'	'	'	'
Compensation expense	'	'	$1,295	$832	$1,518	'	'	'
Remaining unrecognized compensation expense	'	'	$1,627	'	'	'	'	'
Weighted average period for recognition	'	'	'11 months 12 days	'	'	'	'	'
Repurchase of stock from employees (in shares)	'	'	'	'	'	6,284	'	'
Average purchase price (in dollars per share)	'	'	'	'	'	$53.38	'	'

StockBased_Compensation_Detail1

Stock-Based Compensation (Details 2) (USD $)	0 Months Ended	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Nov. 26, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
	Nov. 26, 2013	plan	Sep. 30, 2013	Sep. 30, 2012
Original option plan August 2004	'	'	'	'
Information relating to stock options	'	'	'	'
Number of shares of common stock reserved for issuance	'	1,000,000	'	'
Second option plan January 2007	'	'	'	'
Information relating to stock options	'	'	'	'
Number of shares of common stock reserved for issuance	'	500,000	'	'
Stock Option Plans	'	'	'	'
Information relating to stock options	'	'	'	'
Number of plans	'	2	'	'
Number of shares of common stock reserved for issuance	'	1,500,000	'	'
Period during which options are exercisable	'	'10 years	'	'
Vesting of awards per year (as a percent)	'	33.33%	'	'
Award vesting period	'	'3 years	'	'
Fair value assumptions	'	'	'	'
Fair Value (in dollars per share)	$13.94	'	'	'
Dividend Yield (as a percent)	1.67%	'	'	'
Risk-Free Interest Rate (as a percent)	0.57%	'	'	'
Expected Volatility (as a percent)	42.00%	'	'	'
Expected Life	'3 years	'	'	'
Stock-based employee compensation expense	'	$474	$424	$561
Remaining unrecognized compensation expense	'	615	'	'
Weighted average period for recognition	'	'1 year 3 months 7 days	'	'
Activity under stock option plans, number of shares	'	'	'	'
Outstanding at beginning of the period (in shares)	'	291,664	'	'
Granted (in shares)	'	45,250	'	'
Exercised (in shares)	'	-54,913	'	'
Outstanding at end of the period (in shares)	'	282,001	291,664	'
Vested or expected to vest (in shares)	'	269,026	'	'
Exercisable at end of period (in shares)	'	205,252	'	'
Outstanding at end of period, Aggregate Intrinsic Value	'	752	'	'
Vested or expected to vest, Aggregate Intrinsic Value	'	735	'	'
Exercisable at end of the period, Aggregate Intrinsic Value	'	$752	'	'
Weighted Average Exercise Prices	'	'	'	'
Outstanding at beginning of the period (in dollars per share)	'	$45.36	'	'
Granted (in dollars per share)	'	$52.78	'	'
Exercised (in dollars per share)	'	$19.36	'	'
Outstanding at end of period (in dollars per share)	'	$51.61	$45.36	'
Vested or expected to vest (in dollars per share)	'	$51.70	'	'
Exercisable at end of the period (in dollars per share)	'	$51.66	'	'
Outstanding at end of the period, Weighted Average Remaining Contractual Life	'	'5 years 4 months 21 days	'	'
Vested or expected to vest, Weighted Average Remaining Contractual Life	'	'5 years 3 months 4 days	'	'
Exercisable at end of the period, Weighted Average Remaining Contractual Life	'	'4 years 1 month 28 days	'	'
Stock Option Plans \| Certain Employees	'	'	'	'
Activity under stock option plans, number of shares	'	'	'	'
Granted (in shares)	45,250	'	'	'
Weighted Average Exercise Prices	'	'	'	'
Granted (in dollars per share)	$52.78	'	'	'

StockBased_Compensation_Detail2

Stock-Based Compensation (Details 3) (Stock Option Plans, USD $)	12 Months Ended
	Sep. 30, 2014
Stock-Based Compensation	'
Outstanding Number of Shares	282,001
Exercisable Number of Shares	205,252
Exercise Price Per Share $31.00	'
Stock-Based Compensation	'
Exercise Price Per Share (in dollars per share)	$31
Remaining Contractual Life	'1 year 6 months
Outstanding Number of Shares	10,000
Exercisable Number of Shares	10,000
Exercise Price Per Share $72.93	'
Stock-Based Compensation	'
Exercise Price Per Share (in dollars per share)	$72.93
Remaining Contractual Life	'2 years 6 months
Outstanding Number of Shares	47,500
Exercisable Number of Shares	47,500
Exercise Price Per Share $54.00	'
Stock-Based Compensation	'
Exercise Price Per Share (in dollars per share)	$54
Remaining Contractual Life	'3 years 6 months
Outstanding Number of Shares	58,000
Exercisable Number of Shares	58,000
Exercise Price Per Share $46.83	'
Stock-Based Compensation	'
Exercise Price Per Share (in dollars per share)	$46.83
Remaining Contractual Life	'4 years
Outstanding Number of Shares	20,000
Exercisable Number of Shares	20,000
Exercise Price Per Share $17.82	'
Stock-Based Compensation	'
Exercise Price Per Share (in dollars per share)	$17.82
Remaining Contractual Life	'4 years 6 months
Outstanding Number of Shares	12,084
Exercisable Number of Shares	12,084
Exercise Price Per Share $34.00	'
Stock-Based Compensation	'
Exercise Price Per Share (in dollars per share)	$34
Remaining Contractual Life	'5 years 3 months
Outstanding Number of Shares	12,400
Exercisable Number of Shares	12,400
Exercise Price Per Share $40.26	'
Stock-Based Compensation	'
Exercise Price Per Share (in dollars per share)	$40.26
Remaining Contractual Life	'6 years 2 months 1 day
Outstanding Number of Shares	19,667
Exercisable Number of Shares	19,667
Exercise Price Per Share $55.88	'
Stock-Based Compensation	'
Exercise Price Per Share (in dollars per share)	$55.88
Remaining Contractual Life	'7 years 2 months 1 day
Outstanding Number of Shares	19,700
Exercisable Number of Shares	13,135
Exercise Price Per Share $47.96	'
Stock-Based Compensation	'
Exercise Price Per Share (in dollars per share)	$47.96
Remaining Contractual Life	'8 years 2 months 1 day
Outstanding Number of Shares	35,600
Exercisable Number of Shares	11,866
Exercise Price Per Share $48.39	'
Stock-Based Compensation	'
Exercise Price Per Share (in dollars per share)	$48.39
Remaining Contractual Life	'8 years 2 months 1 day
Outstanding Number of Shares	1,800
Exercisable Number of Shares	600
Exercise Price Per Share $52.78	'
Stock-Based Compensation	'
Exercise Price Per Share (in dollars per share)	$52.78
Remaining Contractual Life	'9 years 2 months 1 day
Outstanding Number of Shares	45,250

Quarterly_Data_unaudited_Detai

Quarterly Data (unaudited) (Details) (USD $)	3 Months Ended								12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Quarterly Data (unaudited)	'	'	'	'	'	'	'	'	'	'	'
Net revenues	$120,067	$126,293	$115,350	$93,700	$115,658	$123,587	$129,201	$114,300	$455,410	$482,746	$579,561
Gross profit	18,923	14,061	9,064	5,250	16,163	18,605	20,084	18,774	47,298	73,626	120,840
Net income (loss)	$6,370	$2,096	($1,223)	($3,492)	$4,009	$5,297	$6,436	$5,835	$3,751	$21,577	$50,182
Net income (loss) per share:	'	'	'	'	'	'	'	'	'	'	'
Basic (in dollars per share)	$0.51	$0.17	($0.10)	($0.29)	$0.33	$0.43	$0.05	$0.47	$0.30	$1.75	$4.09
Diluted (in dollars per share)	$0.51	$0.17	($0.10)	($0.29)	$0.32	$0.43	$0.05	$0.47	$0.30	$1.74	$4.07

Segment_Reporting_Details

Segment Reporting (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
	segment	Sep. 30, 2013	Sep. 30, 2012
Segment Reporting	'	'	'
Number of Business Segment	1	'	'
Net revenues	$455,410	$482,746	$579,561
Long-lived assets	174,083	152,764	'
High-temperature resistant alloys	'	'	'
Segment Reporting	'	'	'
Net revenues	341,557	357,232	423,080
Corrosive-resistant alloys	'	'	'
Segment Reporting	'	'	'
Net revenues	113,853	125,514	156,481
United States	'	'	'
Segment Reporting	'	'	'
Net revenues	261,631	268,054	346,750
Long-lived assets	166,542	146,940	'
Europe	'	'	'
Segment Reporting	'	'	'
Net revenues	101,824	110,389	121,781
Long-lived assets	7,021	5,221	'
China	'	'	'
Segment Reporting	'	'	'
Net revenues	36,596	39,475	48,183
Long-lived assets	520	603	'
Other	'	'	'
Segment Reporting	'	'	'
Net revenues	$55,359	$64,828	$62,847

Valuation_and_Qualifying_Accou2

Valuation and Qualifying Accounts (Details) (Allowance for doubtful accounts receivables, USD $)	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Allowance for doubtful accounts receivables	'	'	'
Movement in valuation and qualifying accounts	'	'	'
Balance at Beginning of Period	$1,199	$1,249	$1,129
Charges (credits) to Expense	8	-34	235
Deductions	-346	-16	-115
Balance at End of Period	$861	$1,199	$1,249

Deferred_Revenue_Details

Deferred Revenue (Details) (Conversion Services Agreement, USD $)	0 Months Ended	12 Months Ended
	Nov. 17, 2006	Sep. 30, 2014
	Nov. 17, 2006	lb
Deferred revenue	'	'
Term of agreement to provide conversion services	'20 years	'
Up-front fees received	$50,000,000	'
Additional volume of titanium metal to be converted on exercise of option by service receiver (in pounds)	'	10,000,000
Revenue recognition period	'	'20 years
Liquidated damages	'	25,000,000
Maximum	'	'
Deferred revenue	'	'
Annual volume of titanium metal to be converted (in pounds)	10,000,000	'
Amount of loan offered by counterparty	'	$12,000,000

Fair_Value_Measurements_Detail

Fair Value Measurements (Details) (Total, USD $)	Sep. 30, 2014	Sep. 30, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Level 3	'	'
Assets:	'	'
Total fair value	$0	$0
Fair value measurements on recurring basis	'	'
Assets:	'	'
Total fair value	262,833	274,439
Fair value measurements on recurring basis \| Cash and money market funds	'	'
Assets:	'	'
Total fair value	45,871	68,326
Fair value measurements on recurring basis \| Defined Benefit Pension Plans	'	'
Assets:	'	'
Total fair value	216,962	206,113
Fair value measurements on recurring basis \| Level 1	'	'
Assets:	'	'
Total fair value	87,839	106,901
Fair value measurements on recurring basis \| Level 1 \| Cash and money market funds	'	'
Assets:	'	'
Total fair value	45,871	68,326
Fair value measurements on recurring basis \| Level 1 \| Defined Benefit Pension Plans	'	'
Assets:	'	'
Total fair value	41,968	38,575
Fair value measurements on recurring basis \| Level 2	'	'
Assets:	'	'
Total fair value	174,994	167,538
Fair value measurements on recurring basis \| Level 2 \| Defined Benefit Pension Plans	'	'
Assets:	'	'
Total fair value	$174,994	$167,538

Comprehensive_Income_Loss_and_2

Comprehensive Income (Loss) and Changes in Accumulated Other Comprehensive Income (Loss) by Component (Details) (USD $)	3 Months Ended								12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Comprehensive Income (Loss) and Changes in Accumulated Other Comprehensive Income (Loss) by Component	'	'	'	'	'	'	'	'	'	'	'
Net income	$6,370	$2,096	($1,223)	($3,492)	$4,009	$5,297	$6,436	$5,835	$3,751	$21,577	$50,182
Pension and postretirement:	'	'	'	'	'	'	'	'	'	'	'
Net gain (loss) arising during period	'	'	'	'	'	'	'	'	-1,886	74,282	-19,688
Less: amortization of prior service cost	'	'	'	'	'	'	'	'	2,087	4,981	4,981
Less: amortization of gain (loss)	'	'	'	'	'	'	'	'	-6,608	-13,906	-11,830
Foreign currency translation adjustment	'	'	'	'	'	'	'	'	-991	1,012	698
Other comprehensive income (loss)	'	'	'	'	'	'	'	'	-7,398	66,369	-25,839
Pension and postretirement:	'	'	'	'	'	'	'	'	'	'	'
Net gain (loss) arising during period	'	'	'	'	'	'	'	'	-698	27,201	-7,399
Less: amortization of prior service cost	'	'	'	'	'	'	'	'	773	1,743	1,743
Less: amortization of gain (loss)	'	'	'	'	'	'	'	'	2,444	4,867	4,140
Other comprehensive income (loss)	'	'	'	'	'	'	'	'	2,369	-24,077	9,796
Pension and postretirement:	'	'	'	'	'	'	'	'	'	'	'
Net gain (loss) arising during period	'	'	'	'	'	'	'	'	-1,188	47,081	-12,289
Less: amortization of prior service cost	'	'	'	'	'	'	'	'	1,314	3,238	3,238
Less: amortization of gain (loss)	'	'	'	'	'	'	'	'	-4,164	-9,039	-7,690
Foreign currency translation adjustment	'	'	'	'	'	'	'	'	-991	1,012	698
Other comprehensive income (loss)	'	'	'	'	'	'	'	'	-5,029	42,292	-16,043
Comprehensive income (loss)	'	'	'	'	'	'	'	'	($1,278)	$63,869	$34,139

Comprehensive_Income_Loss_and_3

Comprehensive Income (Loss) and Changes in Accumulated Other Comprehensive Income (Loss) by Component (Details 2) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Changes in accumulated other comprehensive income (loss) by component	'	'
Accumulated other comprehensive income (loss) at the beginning of the period	($56,799)	($99,091)
Other comprehensive income (loss) before classifications	-7,879	36,491
Amounts reclassified from accumulated other comprehensive income (loss)	2,850	5,801
Net current-period other comprehensive income (loss)	-5,029	42,292
Accumulated other comprehensive income (loss) at the end of the period	-61,828	-56,799
Defined Benefit Plans \| Defined Benefit Pension Plans	'	'
Changes in accumulated other comprehensive income (loss) by component	'	'
Accumulated other comprehensive income (loss) at the beginning of the period	-42,798	-75,263
Other comprehensive income (loss) before classifications	-3,418	25,317
Amounts reclassified from accumulated other comprehensive income (loss)	3,416	7,148
Net current-period other comprehensive income (loss)	-2	32,465
Accumulated other comprehensive income (loss) at the end of the period	-42,800	-42,798
Defined Benefit Plans \| Postretirement Health Care Benefits	'	'
Changes in accumulated other comprehensive income (loss) by component	'	'
Accumulated other comprehensive income (loss) at the beginning of the period	-15,964	-24,779
Other comprehensive income (loss) before classifications	-3,470	10,162
Amounts reclassified from accumulated other comprehensive income (loss)	-566	-1,347
Net current-period other comprehensive income (loss)	-4,036	8,815
Accumulated other comprehensive income (loss) at the end of the period	-20,000	-15,964
Foreign Exchange	'	'
Changes in accumulated other comprehensive income (loss) by component	'	'
Accumulated other comprehensive income (loss) at the beginning of the period	1,963	951
Other comprehensive income (loss) before classifications	-991	1,012
Net current-period other comprehensive income (loss)	-991	1,012
Accumulated other comprehensive income (loss) at the end of the period	$972	$1,963

Comprehensive_Income_Loss_and_4

Comprehensive Income (Loss) and Changes in Accumulated Other Comprehensive Income (Loss) by Component (Details 3) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Reclassifications out of accumulated other comprehensive income	'	'	'
Prior Service Costs	$2,087	$4,981	$4,981
Actuarial (losses)	-6,608	-13,906	-11,830
Tax (expense) or benefit	1,369	10,421	26,813
Total reclassification for the period	-2,850	-5,801	'
Reclassifications out of accumulated other comprehensive income	'	'	'
Reclassifications out of accumulated other comprehensive income	'	'	'
Prior Service Costs	2,087	4,981	'
Actuarial (losses)	-6,609	-13,906	'
Total before tax	-4,522	-8,925	'
Tax (expense) or benefit	1,672	3,124	'
Total reclassification for the period	-2,850	-5,801	'
Defined Benefit Plans \| Defined Benefit Pension Plans	'	'	'
Reclassifications out of accumulated other comprehensive income	'	'	'
Total reclassification for the period	-3,416	-7,148	'
Defined Benefit Plans \| Defined Benefit Pension Plans \| Reclassifications out of accumulated other comprehensive income	'	'	'
Reclassifications out of accumulated other comprehensive income	'	'	'
Prior Service Costs	-808	-808	'
Actuarial (losses)	-4,613	-10,189	'
Total before tax	-5,421	-10,997	'
Tax (expense) or benefit	2,005	3,849	'
Total reclassification for the period	-3,416	-7,148	'
Defined Benefit Plans \| Postretirement Health Care Benefits	'	'	'
Reclassifications out of accumulated other comprehensive income	'	'	'
Total reclassification for the period	566	1,347	'
Defined Benefit Plans \| Postretirement Health Care Benefits \| Reclassifications out of accumulated other comprehensive income	'	'	'
Reclassifications out of accumulated other comprehensive income	'	'	'
Prior Service Costs	2,895	5,789	'
Actuarial (losses)	-1,996	-3,717	'
Total before tax	899	2,072	'
Tax (expense) or benefit	-333	-725	'
Total reclassification for the period	$566	$1,347	'