Haynes International (HAYN) 10-Q 7 May 15 2015 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Mar. 31, 2015	7-May-15
Document and Entity Information
Entity Registrant Name	HAYNES INTERNATIONAL INC
Entity Central Index Key	858655
Document Type	10-Q
Document Period End Date	31-Mar-15
Amendment Flag	FALSE
Current Fiscal Year End Date	-21
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		12,446,000
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q2

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2015	Sep. 30, 2014
In Thousands, unless otherwise specified
Current assets:
Cash and cash equivalents	$32,229	$45,871
Accounts receivable, less allowance for doubtful accounts of $861 and $932, respectively	87,509	72,439
Inventories	254,390	254,027
Income taxes receivable		3,235
Deferred income taxes	9,361	6,297
Other current assets	3,935	2,964
Total current assets	387,424	384,833
Property, plant and equipment, net	179,881	174,083
Deferred income taxes-long term portion	40,950	44,639
Prepayments and deferred charges	1,711	2,031
Goodwill	4,789
Other intangible assets, net	7,044	5,185
Total assets	621,799	610,771
Current liabilities:
Accounts payable	40,868	41,957
Accrued expenses	14,947	13,213
Income taxes payable	1,134
Accrued pension and postretirement benefits	4,572	4,572
Deferred revenue-current portion	2,500	2,500
Total current liabilities	64,021	62,242
Long-term obligations (less current portion)	745	745
Deferred revenue (less current portion)	26,579	27,829
Accrued pension benefits	71,881	72,315
Accrued postretirement benefits	101,176	100,910
Total liabilities	264,402	264,041
Commitments and contingencies (Note 6)
Stockholders' equity:
Common stock, $0.001 par value (40,000,000 shares authorized, 12,434,748 and 12,467,498 shares issued, 12,418,471 and 12,446,000 shares outstanding at September 30, 2014 and March 31, 2015, respectively)	12	12
Preferred stock, $0.001 par value (20,000,000 shares authorized, 0 shares issued and outstanding)
Additional paid-in capital	243,418	242,387
Accumulated earnings	179,624	166,999
Treasury stock, 16,277 shares at September 30, 2014 and 21,498 shares at March 31, 2015	-1,091	-840
Accumulated other comprehensive loss	-64,566	-61,828
Total stockholders' equity	357,397	346,730
Total liabilities and stockholders' equity	$621,799	$610,771

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Mar. 31, 2015	Sep. 30, 2014
In Thousands, except Share data, unless otherwise specified
CONSOLIDATED BALANCE SHEETS
Accounts receivable, allowance for doubtful accounts (in dollars)	$932	$861
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)	12,467,498	12,434,748
Common stock, shares outstanding (in shares)	12,446,000	12,418,471
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)	21,498	16,277

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
CONSOLIDATED STATEMENTS OF OPERATIONS
Net revenues	$138,688	$115,350	$249,364	$209,050
Cost of sales	110,851	106,286	201,256	194,736
Gross profit	27,837	9,064	48,108	14,314
Selling, general and administrative expense	9,619	9,482	19,355	19,438
Research and technical expense	926	885	1,813	1,763
Operating income (loss)	17,292	-1,303	26,940	-6,887
Interest income	-20	-41	-43	-87
Interest expense	16	21	32	39
Income (loss) before income taxes	17,296	-1,283	26,951	-6,839
Provision for (benefit from) income taxes	5,577	-60	8,851	-2,124
Net income (loss)	$11,719	($1,223)	$18,100	($4,715)
Net income (loss) per share:
Basic (in dollars per share)	$0.94	($0.10)	$1.45	($0.38)
Diluted (in dollars per share)	$0.94	($0.10)	$1.45	($0.38)
Dividend declared per common share (in dollars per share)	$0.22	$0.22	$0.44	$0.44

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Net income (loss)	$11,719	($1,223)	$18,100	($4,715)
Other comprehensive income (loss), net of tax:
Pension and post-retirement	1,253	712	2,507	1,423
Foreign currency translation adjustment	-2,786	391	-5,245	1,681
Comprehensive income (loss)	$10,186	($120)	$15,362	($1,611)

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Cash flows from operating activities:
Net income (loss)	$18,100	($4,715)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation	8,846	7,439
Amortization	241	208
Pension and post-retirement expense - U.S. and U.K.	6,420	5,223
Stock compensation expense	1,031	1,044
Excess tax benefit from option exercises and restricted stock vesting		-253
Deferred revenue	-1,250	-1,250
Deferred income taxes	-900	-8,003
Loss on disposition of property	142	29
Change in assets and liabilities:
Accounts receivable	-17,769	4,272
Inventories	-3,042	-4,267
Other assets	-685	-1,007
Accounts payable and accrued expenses	2,516	22,568
Income taxes	4,451	5,133
Accrued pension and postretirement benefits	-2,605	-3,817
Net cash provided by operating activities	15,496	22,604
Cash flows from investing activities:
Additions to property, plant and equipment	-8,065	-24,285
Acquisition of Leveltek - LaPorte assets	-14,600
Net cash used in investing activities	-22,665	-24,285
Cash flows from financing activities:
Dividends paid	-5,475	-5,445
Proceeds from exercise of stock options		813
Payment for purchase of treasury stock	-251	-335
Excess tax benefit from option exercises and restricted stock vesting		253
Net cash used in financing activities	-5,726	-4,714
Effect of exchange rates on cash	-747	152
Increase (decrease) in cash and cash equivalents	-13,642	-6,243
Cash and cash equivalents:
Cash and cash equivalents, beginning of period	45,871	68,326
Cash and cash equivalents, end of period	32,229	62,083
Cash paid during period for:
Interest (net of capitalized interest)	0	3
Income taxes paid (net of refunds)	5,219	567
Capital expenditures incurred but not yet paid	$833	$1,129

Basis_of_Presentation

Basis of Presentation	6 Months Ended
	Mar. 31, 2015
Basis of Presentation
Basis of Presentation	Note 1.    Basis of Presentation
	Interim Financial Statements
	The accompanying unaudited condensed interim consolidated financial statements are prepared in conformity with accounting principles generally accepted in the United States of America and such principles are applied on a basis consistent with information reflected in our Annual Report on Form 10-K for the fiscal year ended September 30, 2014 filed with the Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to the rules and regulations promulgated by the SEC related to interim financial statements. In the opinion of management, the interim financial information includes all adjustments and accruals, consisting only of normal recurring adjustments, which are necessary for a fair presentation of results for the respective interim periods. The results of operations for the three and six months ended March 31, 2015 are not necessarily indicative of the results to be expected for the full fiscal year ending September 30, 2015 or any interim period.
	Principles of Consolidation
	The consolidated financial statements include the accounts of Haynes International, Inc. and its wholly-owned subsidiaries (collectively, the “Company”). All intercompany transactions and balances are eliminated.

New_Accounting_Pronouncements

New Accounting Pronouncements	6 Months Ended
	Mar. 31, 2015
New Accounting Pronouncements
New Accounting Pronouncements	Note 2.    New 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, 2017, 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 consolidated financial statements
	In November 2014, the FASB issued ASU 2014-16, Derivatives and Hedging (Topic 815).  The objective of the update is to set forth the definition of a derivative instrument and specify how to account for such instruments, including derivatives embedded in hybrid instruments.  In addition, this update establishes when reporting entities, in certain limited, well-defined circumstances, may apply hedge accounting to a relationship involving a designated hedging instrument and hedged exposure.  It is effective for annual reporting periods beginning after December 15, 2015, including interim periods within that reporting period. This update is not expected to result in a material impact to the consolidated financial statements or the related disclosures.

Inventories

Inventories	6 Months Ended
	Mar. 31, 2015
Inventories
Inventories
	Note 3.    Inventories
	The following is a summary of the major classes of inventories:
		September 30,		March 31,
		2014		2015
	Raw Materials	$	25,050	$	27,430
	Work-in-process	144,285		123,814
	Finished Goods	83,674		101,956
	Other	1,018		1,190
		$	254,027	$	254,390

Income_Taxes

Income Taxes	6 Months Ended
	Mar. 31, 2015
Income Taxes
Income Taxes
	Note 4.    Income Taxes
	Income tax expense for the three and six months ended March 31, 2014 and 2015 differed from the U.S. federal statutory rate of 35% primarily due to state income taxes, differing tax rates on foreign earnings and discrete tax items that impacted income tax expense in these periods. The effective tax rate for the three months ended March 31, 2015 was 32.2% compared to 4.7% in the same period of fiscal 2014.  The lower effective tax rate for the second quarter of fiscal 2014 is primarily attributable to a reduction in the Indiana tax rate, which resulted in a decrease to the deferred tax asset. The effective tax rate for the six-months ended March 31, 2015 was 32.8% compared to 31.0% in the same period of fiscal 2014.  This increase is attributable to a change in our manufacturer’s deduction in the first quarter of fiscal 2014.

Pension_and_Postretirement_Ben

Pension and Post-retirement Benefits	6 Months Ended
	Mar. 31, 2015
Pension and Post-retirement Benefits
Pension and Post-retirement Benefits
	Note 5.    Pension and Post-retirement Benefits
	Components of net periodic pension and post-retirement benefit cost for the three months and six months ended March 31, 2014 and 2015 are as follows:
		Three Months Ended March 31,											Six Months Ended March 31,
		Pension Benefits						Other Benefits					Pension Benefits						Other Benefits
		2014			2015			2014			2015		2014			2015			2014			2015
	Service cost	$	992		$	974		$	66		$	85	$	1,985		$	1,949		$	133		$	169
	Interest cost	2,845			2,582			1,144			1,096		5,700			5,223			2,289			2,192
	Expected return	(3,566		)	(3,483		)	—			—		(7,144		)	(7,046		)	—			—
	Amortizations	1,355			1,355			(224		)	608		2,709			2,716			(449		)	1,217
	Net periodic benefit cost	$	1,626		$	1,428		$	986		$	1,789	$	3,250		$	2,842		$	1,973		$	3,578
	The Company has a minimum contribution requirement of approximately $800 in fiscal 2015 to the U.S. pension plan. While the Company has not yet contributed to Company sponsored domestic pension plans,, the Company contributed $2,096 to its other post-retirement benefit plans and $463 to the U.K. pension plan for the six months ended March 31, 2015. The Company presently expects future contributions of $2,381 to its other post-retirement benefit plan and $512 to the U.K. pension plan for the remainder of fiscal 2015 and is evaluating possible contribution amounts to the U.S. pension plan.

Legal_Environmental_and_Other_

Legal, Environmental and Other Contingencies	6 Months Ended
	Mar. 31, 2015
Legal, Environmental and Other Contingencies
Legal, Environmental and Other Contingencies
	Note 6.    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 is also involved in two actions related to asbestos in its facilities, which were filed in 2012 and 2014, respectively. The Company believes that it has defenses to these lawsuits 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 and which was renewed in 2012. In addition, IDEM required that a Resource Conservation and Recovery Act, or RCRA, Facility Investigation, or RFI 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 and March 31, 2015, 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.

Deferred_Revenue

Deferred Revenue	6 Months Ended
	Mar. 31, 2015
Deferred Revenue
Deferred Revenue
	Note 7.    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 $25,000 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.

Goodwill_and_Other_Intangible_

Goodwill and Other Intangible Assets, Net	6 Months Ended
	Mar. 31, 2015
Goodwill and Other Intangible Assets, Net
Goodwill and Other Intangible Assets, Net
	Note 8.    Goodwill and Other Intangible Assets, Net
	On January 7, 2015, the Company acquired the assets and operations of Leveltek Processing, LLC in LaPorte, Indiana for $14.6 million in cash (See Note 14, Acquisition).  In connection with the acquisition, the Company recorded goodwill of $4,789 and customer relationships intangible assets of $2,100.  As the customer relationships have a definite life, the Company amortizes them over a period of 16 years under an accelerated method.
	The Company is required to assess goodwill and any indefinite-lived intangible assets for impairment annually, or more frequently if circumstances indicate impairment may have occurred. The analysis of potential impairment of goodwill requires a two-step approach. The first is the estimation of fair value of each reporting unit. If step one indicates that impairment potentially exists, the second step is performed to measure the amount of impairment, if any. Goodwill impairment occurs when the estimated fair value of goodwill is less than its carrying value.
	The valuation methodology and underlying financial information included in our determination of fair value require significant management judgments. We use both market and income approaches to derive fair value. The judgments in these two approaches include, but are not limited to, comparable market multiples, long-term projections of future financial performance, and the selection of appropriate discount rates used to determine the present value of future cash flows. Changes in such estimates or the application of alternative assumptions could produce significantly different results. No impairment charges for goodwill were recorded in period ended March 31, 2015
	In addition, 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 customer relationships, patents, non-competes, and other intangibles was $104 and $137 for the three-month periods ended March 31, 2014 and March 31, 2015, respectively, and $208 and $241 for the six-month periods ended March 31, 2014 and March 31, 2015, respectively.
	The following represents the changes in the carrying value of goodwill for the period ended March 31, 2015:
	Goodwill at September 30, 2014	$	—
	Goodwill acquired — Leveltek-LaPorte Assets	4,789
	Adjustments	—
	Goodwill at March 31, 2015	$	4,789
	The following represents a summary of intangible assets at September 30, 2014 and March 31, 2015:
	September 30, 2014	Gross		Accumulated			Carrying
		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
	March 31, 2015	Gross		Accumulated			Carrying
		Amount		Amortization			Amount
	Patents	$	4,030	$	(2,952	)	$	1,078
	Trademarks	3,800		—			3,800
	Customer relationships	2,100		(33		)	2,067
	Non-compete	500		(488		)	12
	Other	330		(243		)	87
		$	10,760	$	(3,716	)	$	7,044
	Estimate of Aggregate Amortization
	Expense:
	Year Ended September 30,
	2015 (remainder of fiscal year)	283
	2016	432
	2017	410
	2018	410
	2019	232
	Thereafter	1,477

Net_Income_Loss_Per_Share

Net Income (Loss) Per Share	6 Months Ended
	Mar. 31, 2015
Net Income (Loss) Per Share
Net Income (Loss) Per Share
	Note 9.    Net Income (Loss) 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 stockholders 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. As a result of the loss in the second quarter and first six months of fiscal 2014, no additional common shares or restricted stock awards are included because their effect is antidilutive.
	The following table sets forth the computation of basic and diluted earnings per share:
		Three Months Ended						Six Months Ended
		March 31,						March 31,
	(in thousands, except share and per share data)	2014			2015			2014			2015
	Numerator: Basic and Diluted
	Net income (loss)	$	(1,223	)	$	11,719		$	(4,715	)	$	18,100
	Dividends paid	(2,725		)	(2,737		)	(5,445		)	(5,475		)
	Undistributed income (loss)	$	(3,948	)	$	8,982		$	(10,160	)	$	12,625
	Percentage allocated to common shares (a)	100		%	99.1		%	100		%	99.1		%
	Undistributed income (loss) allocated to common shares	$	(3,948	)	$	8,901		$	(10,160	)	$	12,511
	Dividends paid on common shares outstanding	2,725			2,712			5,445			5,426
	Net income (loss) available to common shares	$	(1,223	)	$	11,613		$	(4,715	)	$	17,936
	Denominator: Basic and Diluted
	Weighted average common shares outstanding	12,287,907			12,333,550			12,267,463			12,329,716
	Adjustment for dilutive potential common shares	—			11,886			—			12,395
	Weighted average shares outstanding - Diluted	12,287,907			12,345,436			12,267,463			12,342,111
	Per common share net income (loss)
	Basic	$	(0.10	)	$	0.94		$	(0.38	)	$	1.45
	Diluted	$	(0.10	)	$	0.94		$	(0.38	)	$	1.45
	Number of stock option shares excluded as their effect would be anti-dilutive	221,270			290,255			229,996			290,255
	Number of restrictive stock option shares as their effect would be anti-dilutive	97,600			112,450			97,600			112,450
	(a)  Percentage allocated to common shares - weighted average
	Common shares outstanding	12,287,907		12,333,550		12,267,463		12,329,716
	Unvested participating shares	—		112,450		—		112,450
		12,287,907		12,446,000		12,267,463		12,442,166

StockBased_Compensation

Stock-Based Compensation	6 Months Ended
	Mar. 31, 2015
Stock-Based Compensation
Stock-Based Compensation
	Note 10.    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 goals are 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 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 trading day immediately preceding 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 25, 2014, the Company granted 41,700 shares 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 first 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 $46.72 per share, 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 six months ended March 31, 2015:
		Number of		Weighted
		Shares		Average Fair
				Value At
				Grant Date
	Unvested at September 30, 2014	97,150		$	51.96
	Granted	41,700		$	46.72
	Forfeited / Canceled	(8,950	)	$	55.54
	Vested	(17,450	)	$	56.52
	Unvested at March 31, 2015	112,450		$	49.07
	Expected to vest	89,250		$	48.7
	Compensation expense related to restricted stock for the three months ended March 31, 2014 and 2015 was $486 and $438, respectively, and for the six months ended March 31, 2014 and 2015 was $811 and $769, respectively. The remaining unrecognized compensation expense related to restricted stock at March 31, 2015 was $2,781, to be recognized over a weighted average period of 1.68 years. During the first quarter of fiscal 2015, the Company repurchased 5,221 shares of stock from employees and directors at an average purchase price of $48.04 to satisfy required withholding taxes upon vesting of restricted 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 first option plan was adopted in August 2004 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 2015:
	Grant Date	Fair			Dividend		Risk-free		Expected		Expected
		Value			Yield		Interest Rate		Volatility		Life
	November 25, 2014	$	8.17		1.90	%	0.96	%	28	%	3 years
	On November 25, 2014, the Company granted 81,100 options at an exercise price of $46.72, the fair market value of the Company’s common stock the day immediately preceding the day of the grant. During the first six months of fiscal 2015, no options were exercised.
	The stock-based employee compensation expense for stock options for the three months ended March 31, 2014 and 2015 was $121 and $136, respectively and for the six months ended March 31, 2014 and 2015 was $233 and $262, respectively.  The remaining unrecognized compensation expense at March 31, 2015 was $950, to be recognized over a weighted average vesting period of 1.34 years.
	The following tables summarize the activity under the stock option plans for the six months ended March 31, 2015 and provide information regarding outstanding stock options:
		Number of		Aggregate			Weighted			Weighted
		Shares		Intrinsic			Average			Average
				Value			Exercise			Remaining
				(000s)			Prices			Contractual Life
	Outstanding at September 30, 2014	282,001					$	51.61
	Granted	81,100					$	46.72
	Exercised	—					—
	Canceled	—					—
	Outstanding at March 31, 2015	363,101		$	677		$	50.52		5.95
	Vested or expected to vest	342,016		$	665		$	50.66		5.81
	Exercisable at March 31, 2015	239,367		$	677		$	51.66		4.26
	Grant Date	Exercise		Remaining		Outstanding		Exercisable
		Price Per		Contractual		Number of		Number of
		Share		Life in Years		Shares		Shares
	March 31, 2006	31.00		1.00		10,000		10,000
	March 30, 2007	72.93		2.00		47,500		47,500
	March 31, 2008	54.00		3.00		58,000		58,000
	October 1, 2008	46.83		3.50		20,000		20,000
	March 31, 2009	17.82		4.00		12,084		12,084
	January 8, 2010	34.00		4.75		12,400		12,400
	November 24, 2010	40.26		5.67		19,667		19,667
	November 25, 2011	55.88		6.67		19,700		19,700
	November 20, 2012	47.96		7.67		35,600		23,734
	December 10, 2012	48.39		7.67		1,800		1,200
	November 26, 2013	52.78		8.67		45,250		15,082
	November 25, 2014	46.72		9.67		81,100		—
						363,101		239,367

Dividend

Dividend	6 Months Ended
	Mar. 31, 2015
Dividend
Dividend
	Note 11.    Dividend
	In the second quarter of fiscal 2015, the Company declared and paid a quarterly cash dividend. The dividend of $0.22 per outstanding share of the Company’s common stock was paid March 16, 2015 to stockholders of record at the close of business on March 2, 2015.  The dividend cash pay-out was $2,737 for the quarter based on the number of shares outstanding.
	On May 7, 2015, the Company announced that the Board of Directors declared a regular quarterly cash dividend of $0.22 per outstanding share of the Company’s common stock.  The dividend is payable June 15, 2015 to stockholders of record at the close of business on June 1, 2015.

Fair_Value_Measurements

Fair Value Measurements	6 Months Ended
	Mar. 31, 2015
Fair Value Measurements
Fair Value Measurements
	Note 12.    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. Money market funds included in cash and cash equivalents of $45,871 and $32,229 as of September 30, 2014 and March 31, 2015, respectively, are considered Level 1.

Changes_in_Accumulated_Other_C

Changes in Accumulated Other Comprehensive Income (Loss) by Component	6 Months Ended
	Mar. 31, 2015
Changes in Accumulated Other Comprehensive Income (Loss) by Component
Changes in Accumulated Other Comprehensive Income (Loss) by Component
	Note 13.    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.
	Accumulated Other Comprehensive Income (Loss)
			Three Months Ended March 31, 2014
			Pension			Postretirement			Foreign			Total
			Plan			Plan			Exchange
	Accumulated other comprehensive income (loss) as of December 31, 2013		$	(41,945	)	$	(16,106	)	$	3,253		$	(54,798	)
	Other comprehensive income (loss) before reclassifications		—			—			391			391
	Amounts reclassified from accumulated other comprehensive income (loss)		853			(141		)	—			712
	Net current-period other comprehensive income (loss)		853			(141		)	391			1,103
	Accumulated other comprehensive income (loss) as of March 31, 2014		$	(41,092	)	$	(16,247	)	$	3,644		$	(53,695	)
			Three Months Ended March 31, 2015
			Pension			Postretirement			Foreign			Total
			Plan			Plan			Exchange
	Accumulated other comprehensive income (loss) as of December 31, 2014		$	(41,928	)	$	(19,618	)	$	(1,487	)	$	(63,033	)
	Other comprehensive income before reclassifications		—			—			(2,786		)	(2,786		)
	Amounts reclassified from accumulated other comprehensive income (loss)		870			383			—			1,253
	Net current-period other comprehensive income (loss)		870			383			(2,786		)	(1,533		)
	Accumulated other comprehensive income (loss) as of March 31, 2015		$	(41,058	)	$	(19,235	)	$	(4,273	)	$	(64,566	)
			Six Months Ended March 31, 2014
			Pension			Postretirement			Foreign			Total
			Plan			Plan			Exchange
	Accumulated other comprehensive income (loss) as of September 30, 2013		$	(42,798	)	$	(15,964	)	$	1,963		$	(56,799	)
	Other comprehensive income (loss) before reclassifications		—			—			1,681			1,681
	Amounts reclassified from accumulated other comprehensive income (loss)		1,706			(283		)	—			1,423
	Net current-period other comprehensive income (loss)		1,706			(283		)	1,681			3,104
	Accumulated other comprehensive income (loss) as of March 31, 2014		$	(41,092	)	$	(16,247	)	$	3,644		$	(53,695	)
			Six Months Ended March 31, 2015
			Pension			Postretirement			Foreign			Total
			Plan			Plan			Exchange
	Accumulated other comprehensive income (loss) as of September 30, 2014		$	(42,800	)	$	(20,000	)	$	972		$	(61,828	)
	Other comprehensive income (loss) before reclassifications		—			—			(5,245		)	(5,245		)
	Amounts reclassified from accumulated other comprehensive income (loss)		1,742			765			—			2,507
	Net current-period other comprehensive income (loss)		1,742			765			(5,245		)	(2,738		)
	Accumulated other comprehensive income (loss) as of March 31, 2015		$	(41,058	)	$	(19,235	)	$	(4,273	)	$	(64,566	)
	Reclassifications out of Accumulated Other Comprehensive Income
			Three Months Ended									Three Months Ended
			March 31, 2014									March 31, 2015
			Pension			Post-			Total			Pension			Post-			Total
			Plan			retirement						Plan			retirement
						Plan									Plan
	Amortization of Pension and Postretirement Plan items
	Prior Service Costs (a)		$	(202	)	$	724		$	522		$	(202	)	$	—		$	(202	)
	Actuarial (losses) (a)		(1,153		)	(500		)	(1,653		)	(1,180		)	(610		)	(1,790		)
	Total before tax		(1,355		)	224			(1,131		)	(1,382		)	(610		)	(1,992		)
	Tax (expense) or benefit		502			(83		)	419			512			227			739
	Total reclassification for the period		$	(853	)	$	141		$	(712	)	$	(870	)	$	(383	)	$	(1,253	)
		(a)		These accumulated other comprehensive income components are included in the computation of net periodic pension cost.
			Six Months Ended									Six Months Ended
			March 31, 2014									March 31, 2015
			Pension			Post-			Total			Pension			Post-			Total
			Plan			retirement						Plan			retirement
						Plan									Plan
	Amortization of Pension and Postretirement Plan items
	Prior Service Costs (a)		$	(404	)	$	1,447		$	1,043		$	(404	)	$	—		$	(404	)
	Actuarial (losses) (a)		(2,305		)	(998		)	(3,303		)	(2,363		)	(1,217		)	(3,580		)
	Total before tax		(2,709		)	449			(2,260		)	(2,767		)	(1,217		)	(3,984		)
	Tax (expense) or benefit		1,003			(166		)	837			1,025			452			1,477
	Total reclassification for the period		$	(1,706	)	$	283		$	(1,423	)	$	(1,742	)	$	(765	)	$	(2,507	)
		(a)		These accumulated other comprehensive income components are included in the computation of net periodic pension cost.

Acquisition

Acquisition	6 Months Ended
	Mar. 31, 2015
Acquisition
Acquisition
	Note 14.    Acquisition
	On January 7, 2015, the Company acquired the assets and operations of Leveltek Processing, LLC located in LaPorte, Indiana for $14.6 million in cash.  The acquisition of the LaPorte assets provides the Company control of the sheet stretching, leveling, slitting and cut-to-length operations that were previously an outsourced function. Acquisition costs incurred in the first quarter of fiscal 2015 were not significant. The acquired business is being operated by LaPorte Custom Metal Processing, LLC (LCMP), a wholly-owned subsidiary of the Company.
	The following is a summary of the estimated purchase price allocation in connection with the LCMP acquisition.  The allocation is preliminary, pending the finalization of the fair value of property, plant and equipment, the customer relationships intangible and resulting goodwill.  The determination of fair value for acquired assets includes the use of Level 3 inputs, such as the condition and utilization of the property, plant and equipment acquired, management’s projected financial results for LCMP, and the discount rate used to determine the present value of anticipated future cash flows.
		Purchase Price
		Allocation
	Property, plant and equipment, net	7,563
	Customer relationships	2,100
	Inventory	148
	Total identifiable net assets	9,811
	Goodwill	4,789
	Total purchase price	14,600
	The goodwill recognized in connection with the Leveltek-LaPorte assets consists of the value associated with the addition of the stretching and leveling capabilities as well as increased capacity in slitting and cut-to-length operations to meet customer demand. The complementary asset capabilities will lead to operating cost synergies as well as expand the Company’s commercial offerings.

Basis_of_Presentation_Policies

Basis of Presentation (Policies)	6 Months Ended
	Mar. 31, 2015
Basis of Presentation
Principles of Consolidation	Principles of Consolidation
	The consolidated financial statements include the accounts of Haynes International, Inc. and its wholly-owned subsidiaries (collectively, the “Company”). All intercompany transactions and balances are eliminated.

Inventories_Tables

Inventories (Tables)	6 Months Ended
	Mar. 31, 2015
Inventories
Summary of major classes of inventories
		September 30,		March 31,
		2014		2015
	Raw Materials	$	25,050	$	27,430
	Work-in-process	144,285		123,814
	Finished Goods	83,674		101,956
	Other	1,018		1,190
		$	254,027	$	254,390

Pension_and_Postretirement_Ben1

Pension and Post-retirement Benefits (Tables)	6 Months Ended
	Mar. 31, 2015
Pension and Post-retirement Benefits
Schedule of components of net periodic pension and postretirement benefit cost
		Three Months Ended March 31,											Six Months Ended March 31,
		Pension Benefits						Other Benefits					Pension Benefits						Other Benefits
		2014			2015			2014			2015		2014			2015			2014			2015
	Service cost	$	992		$	974		$	66		$	85	$	1,985		$	1,949		$	133		$	169
	Interest cost	2,845			2,582			1,144			1,096		5,700			5,223			2,289			2,192
	Expected return	(3,566		)	(3,483		)	—			—		(7,144		)	(7,046		)	—			—
	Amortizations	1,355			1,355			(224		)	608		2,709			2,716			(449		)	1,217
	Net periodic benefit cost	$	1,626		$	1,428		$	986		$	1,789	$	3,250		$	2,842		$	1,973		$	3,578

Goodwill_and_Other_Intangible_1

Goodwill and Other Intangible Assets, Net (Tables)	6 Months Ended
	Mar. 31, 2015
Goodwill and Other Intangible Assets, Net
Schedule Changes in the carrying value of goodwill
	Goodwill at September 30, 2014	$	—
	Goodwill acquired — Leveltek-LaPorte Assets	4,789
	Adjustments	—
	Goodwill at March 31, 2015	$	4,789
Summary of intangible assets
	September 30, 2014	Gross		Accumulated			Carrying
		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
	March 31, 2015	Gross		Accumulated			Carrying
		Amount		Amortization			Amount
	Patents	$	4,030	$	(2,952	)	$	1,078
	Trademarks	3,800		—			3,800
	Customer relationships	2,100		(33		)	2,067
	Non-compete	500		(488		)	12
	Other	330		(243		)	87
		$	10,760	$	(3,716	)	$	7,044
Schedule of estimate of aggregate amortization expense
	Estimate of Aggregate Amortization
	Expense:
	Year Ended September 30,
	2015 (remainder of fiscal year)	283
	2016	432
	2017	410
	2018	410
	2019	232
	Thereafter	1,477

Net_Income_Loss_Per_Share_Tabl

Net Income (Loss) Per Share (Tables)	6 Months Ended
	Mar. 31, 2015
Net Income (Loss) Per Share
Schedule of basic and diluted net income (loss) per share
		Three Months Ended						Six Months Ended
		March 31,						March 31,
	(in thousands, except share and per share data)	2014			2015			2014			2015
	Numerator: Basic and Diluted
	Net income (loss)	$	(1,223	)	$	11,719		$	(4,715	)	$	18,100
	Dividends paid	(2,725		)	(2,737		)	(5,445		)	(5,475		)
	Undistributed income (loss)	$	(3,948	)	$	8,982		$	(10,160	)	$	12,625
	Percentage allocated to common shares (a)	100		%	99.1		%	100		%	99.1		%
	Undistributed income (loss) allocated to common shares	$	(3,948	)	$	8,901		$	(10,160	)	$	12,511
	Dividends paid on common shares outstanding	2,725			2,712			5,445			5,426
	Net income (loss) available to common shares	$	(1,223	)	$	11,613		$	(4,715	)	$	17,936
	Denominator: Basic and Diluted
	Weighted average common shares outstanding	12,287,907			12,333,550			12,267,463			12,329,716
	Adjustment for dilutive potential common shares	—			11,886			—			12,395
	Weighted average shares outstanding - Diluted	12,287,907			12,345,436			12,267,463			12,342,111
	Per common share net income (loss)
	Basic	$	(0.10	)	$	0.94		$	(0.38	)	$	1.45
	Diluted	$	(0.10	)	$	0.94		$	(0.38	)	$	1.45
	Number of stock option shares excluded as their effect would be anti-dilutive	221,270			290,255			229,996			290,255
	Number of restrictive stock option shares as their effect would be anti-dilutive	97,600			112,450			97,600			112,450
	(a)  Percentage allocated to common shares - weighted average
	Common shares outstanding	12,287,907		12,333,550		12,267,463		12,329,716
	Unvested participating shares	—		112,450		—		112,450
		12,287,907		12,446,000		12,267,463		12,442,166

StockBased_Compensation_Tables

Stock-Based Compensation (Tables)	6 Months Ended
	Mar. 31, 2015
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, 2014	97,150		$	51.96
	Granted	41,700		$	46.72
	Forfeited / Canceled	(8,950	)	$	55.54
	Vested	(17,450	)	$	56.52
	Unvested at March 31, 2015	112,450		$	49.07
	Expected to vest	89,250		$	48.7
Schedule of fair value assumptions used for grants under the stock option plan
	Grant Date	Fair			Dividend		Risk-free		Expected		Expected
		Value			Yield		Interest Rate		Volatility		Life
	November 25, 2014	$	8.17		1.90	%	0.96	%	28	%	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, 2014	282,001					$	51.61
	Granted	81,100					$	46.72
	Exercised	—					—
	Canceled	—					—
	Outstanding at March 31, 2015	363,101		$	677		$	50.52		5.95
	Vested or expected to vest	342,016		$	665		$	50.66		5.81
	Exercisable at March 31, 2015	239,367		$	677		$	51.66		4.26
	Grant Date	Exercise		Remaining		Outstanding		Exercisable
		Price Per		Contractual		Number of		Number of
		Share		Life in Years		Shares		Shares
	March 31, 2006	31.00		1.00		10,000		10,000
	March 30, 2007	72.93		2.00		47,500		47,500
	March 31, 2008	54.00		3.00		58,000		58,000
	October 1, 2008	46.83		3.50		20,000		20,000
	March 31, 2009	17.82		4.00		12,084		12,084
	January 8, 2010	34.00		4.75		12,400		12,400
	November 24, 2010	40.26		5.67		19,667		19,667
	November 25, 2011	55.88		6.67		19,700		19,700
	November 20, 2012	47.96		7.67		35,600		23,734
	December 10, 2012	48.39		7.67		1,800		1,200
	November 26, 2013	52.78		8.67		45,250		15,082
	November 25, 2014	46.72		9.67		81,100		—
						363,101		239,367

Changes_in_Accumulated_Other_C1

Changes in Accumulated Other Comprehensive Income (Loss) by Component (Tables)	6 Months Ended
	Mar. 31, 2015
Changes in Accumulated Other Comprehensive Income (Loss) by Component
Schedule of accumulated other comprehensive income (loss)
			Three Months Ended March 31, 2014
			Pension			Postretirement			Foreign			Total
			Plan			Plan			Exchange
	Accumulated other comprehensive income (loss) as of December 31, 2013		$	(41,945	)	$	(16,106	)	$	3,253		$	(54,798	)
	Other comprehensive income (loss) before reclassifications		—			—			391			391
	Amounts reclassified from accumulated other comprehensive income (loss)		853			(141		)	—			712
	Net current-period other comprehensive income (loss)		853			(141		)	391			1,103
	Accumulated other comprehensive income (loss) as of March 31, 2014		$	(41,092	)	$	(16,247	)	$	3,644		$	(53,695	)
			Three Months Ended March 31, 2015
			Pension			Postretirement			Foreign			Total
			Plan			Plan			Exchange
	Accumulated other comprehensive income (loss) as of December 31, 2014		$	(41,928	)	$	(19,618	)	$	(1,487	)	$	(63,033	)
	Other comprehensive income before reclassifications		—			—			(2,786		)	(2,786		)
	Amounts reclassified from accumulated other comprehensive income (loss)		870			383			—			1,253
	Net current-period other comprehensive income (loss)		870			383			(2,786		)	(1,533		)
	Accumulated other comprehensive income (loss) as of March 31, 2015		$	(41,058	)	$	(19,235	)	$	(4,273	)	$	(64,566	)
			Six Months Ended March 31, 2014
			Pension			Postretirement			Foreign			Total
			Plan			Plan			Exchange
	Accumulated other comprehensive income (loss) as of September 30, 2013		$	(42,798	)	$	(15,964	)	$	1,963		$	(56,799	)
	Other comprehensive income (loss) before reclassifications		—			—			1,681			1,681
	Amounts reclassified from accumulated other comprehensive income (loss)		1,706			(283		)	—			1,423
	Net current-period other comprehensive income (loss)		1,706			(283		)	1,681			3,104
	Accumulated other comprehensive income (loss) as of March 31, 2014		$	(41,092	)	$	(16,247	)	$	3,644		$	(53,695	)
			Six Months Ended March 31, 2015
			Pension			Postretirement			Foreign			Total
			Plan			Plan			Exchange
	Accumulated other comprehensive income (loss) as of September 30, 2014		$	(42,800	)	$	(20,000	)	$	972		$	(61,828	)
	Other comprehensive income (loss) before reclassifications		—			—			(5,245		)	(5,245		)
	Amounts reclassified from accumulated other comprehensive income (loss)		1,742			765			—			2,507
	Net current-period other comprehensive income (loss)		1,742			765			(5,245		)	(2,738		)
	Accumulated other comprehensive income (loss) as of March 31, 2015		$	(41,058	)	$	(19,235	)	$	(4,273	)	$	(64,566	)
Schedule of reclassifications out of accumulated other comprehensive income
			Three Months Ended									Three Months Ended
			March 31, 2014									March 31, 2015
			Pension			Post-			Total			Pension			Post-			Total
			Plan			retirement						Plan			retirement
						Plan									Plan
	Amortization of Pension and Postretirement Plan items
	Prior Service Costs (a)		$	(202	)	$	724		$	522		$	(202	)	$	—		$	(202	)
	Actuarial (losses) (a)		(1,153		)	(500		)	(1,653		)	(1,180		)	(610		)	(1,790		)
	Total before tax		(1,355		)	224			(1,131		)	(1,382		)	(610		)	(1,992		)
	Tax (expense) or benefit		502			(83		)	419			512			227			739
	Total reclassification for the period		$	(853	)	$	141		$	(712	)	$	(870	)	$	(383	)	$	(1,253	)
		(a)		These accumulated other comprehensive income components are included in the computation of net periodic pension cost.
			Six Months Ended									Six Months Ended
			March 31, 2014									March 31, 2015
			Pension			Post-			Total			Pension			Post-			Total
			Plan			retirement						Plan			retirement
						Plan									Plan
	Amortization of Pension and Postretirement Plan items
	Prior Service Costs (a)		$	(404	)	$	1,447		$	1,043		$	(404	)	$	—		$	(404	)
	Actuarial (losses) (a)		(2,305		)	(998		)	(3,303		)	(2,363		)	(1,217		)	(3,580		)
	Total before tax		(2,709		)	449			(2,260		)	(2,767		)	(1,217		)	(3,984		)
	Tax (expense) or benefit		1,003			(166		)	837			1,025			452			1,477
	Total reclassification for the period		$	(1,706	)	$	283		$	(1,423	)	$	(1,742	)	$	(765	)	$	(2,507	)
		(a)		These accumulated other comprehensive income components are included in the computation of net periodic pension cost.

Acquisition_Tables

Acquisition (Tables)	6 Months Ended
	Mar. 31, 2015
Acquisition
Summary of the purchase price allocation
		Purchase Price
		Allocation
	Property, plant and equipment, net	7,563
	Customer relationships	2,100
	Inventory	148
	Total identifiable net assets	9,811
	Goodwill	4,789
	Total purchase price	14,600

Inventories_Details

Inventories (Details) (USD $)	Mar. 31, 2015	Sep. 30, 2014
In Thousands, unless otherwise specified
Inventories
Raw Materials	$27,430	$25,050
Work-in-process	123,814	144,285
Finished Goods	101,956	83,674
Other	1,190	1,018
Total	$254,390	$254,027

Income_Taxes_Details

Income Taxes (Details)	3 Months Ended		6 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
Income Taxes
Statutory federal tax rate (as a percent)	35.00%	35.00%	35.00%	35.00%
Effective tax rate (as a percent)	32.20%	4.70%	32.80%	31.00%

Pension_and_Postretirement_Ben2

Pension and Post-retirement Benefits (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
Defined Benefit Pension Plans
Pension Plan and Retirement Benefits
Service cost	$974	$992	$1,949	$1,985
Interest cost	2,582	2,845	5,223	5,700
Expected return on assets	-3,483	-3,566	-7,046	-7,144
Amortizations	1,355	1,355	2,716	2,709
Net periodic benefit cost	1,428	1,626	2,842	3,250
U.S. pension plan
Pension Plan and Retirement Benefits
Expected future employer contribution			2,381
U.S. pension plan | Minimum
Pension Plan and Retirement Benefits
Expected future employer contribution			800
U.K. pension plan
Pension Plan and Retirement Benefits
Employer contribution			463
Postretirement Health Care Benefits
Pension Plan and Retirement Benefits
Service cost	85	66	169	133
Interest cost	1,096	1,144	2,192	2,289
Amortizations	608	-224	1,217	-449
Net periodic benefit cost	1,789	986	3,578	1,973
Employer contribution			2,096
Expected future employer contribution			$512

Legal_Environmental_and_Other_1

Legal, Environmental and Other Contingencies (Details) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Sep. 30, 2014
	item
Legal, Environmental and Other Contingencies
Accrual for post-closure monitoring and maintenance activities	823	$823
Welding rod-related injuries | Pending litigation
Legal, Environmental and Other Contingencies
Number of actions in which the entity is involved	2
Asbestos in facilities | Pending litigation
Legal, Environmental and Other Contingencies
Number of actions in which the entity is involved	2
Site contingency accrual
Legal, Environmental and Other Contingencies
Number of areas of concern that required investigation	1
Number of solid waste management units evaluated under RCRA, as required by IDEM	1

Deferred_Revenue_Details

Deferred Revenue (Details) (Conversion Services Agreement, USD $)	0 Months Ended	6 Months Ended
In Thousands, unless otherwise specified	Nov. 17, 2006	Mar. 31, 2015
		lb
Deferred revenue
Term of agreement to provide conversion services	20 years
Up-front fees received	$50,000
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
Maximum
Deferred revenue
Annual volume of titanium metal to be converted (in pounds)	10,000,000
Amount of loan offered by counterparty		$12,000

Goodwill_and_Other_Intangible_2

Goodwill and Other Intangible Assets, Net (Details) (USD $)	6 Months Ended	0 Months Ended
	Mar. 31, 2015	Jan. 07, 2015
Goodwill and Other Intangible Assets, Net
Goodwill	$4,789,000
Goodwill impairment charges	0
Leveltek Processing, LLC
Goodwill and Other Intangible Assets, Net
Acquisition price		14,600,000
Goodwill		4,789,000
Customer relationships | Leveltek Processing, LLC
Goodwill and Other Intangible Assets, Net
Customer relationships		$2,100,000

Goodwill_and_Other_Intangible_3

Goodwill and Other Intangible Assets, Net (Details 2) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015
Goodwill and Other Intangible Assets, Net
Goodwill acquired - Levelteck-LaPorte Assets Adjustments	$4,789
Goodwill, Ending Balance	$4,789

Goodwill_and_Other_Intangible_4

Goodwill and Other Intangible Assets, Net (Details 3) (USD $)	3 Months Ended		6 Months Ended			12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Jun. 30, 2014	Mar. 31, 2014	Sep. 30, 2014	Sep. 30, 2013
Intangible Assets
Impairment charges recognized						$0	$0
Amortization expense of patents, non-competes and other intangibles	137	104	241	208	208
Goodwill	4,789		4,789
Total intangible assets, Gross Amount	10,760		10,760			8,660
Finite-lived intangible assets, Accumulated Amortization	-3,716		-3,716			-3,475
Carrying Amount	7,044		7,044			5,185
Patents
Intangible Assets
Finite-lived intangible assets, Gross Amount	4,030		4,030			4,030
Finite-lived intangible assets, Accumulated Amortization	-2,952		-2,952			-2,813
Finite-lived intangible assets, Carrying Amount	1,078		1,078			1,217
Patents | Minimum
Intangible Assets
Useful life			2 years
Patents | Maximum
Intangible Assets
Useful life			14 years
Customer relationships
Intangible Assets
Useful life			16 years
Finite-lived intangible assets, Gross Amount	2,100		2,100
Finite-lived intangible assets, Accumulated Amortization	-33		-33
Finite-lived intangible assets, Carrying Amount	2,067		2,067
Non-compete
Intangible Assets
Finite-lived intangible assets, Gross Amount	500		500			500
Finite-lived intangible assets, Accumulated Amortization	-488		-488			-452
Finite-lived intangible assets, Carrying Amount	12		12			48
Non-compete | Maximum
Intangible Assets
Useful life			8 months
Other
Intangible Assets
Finite-lived intangible assets, Gross Amount	330		330			330
Finite-lived intangible assets, Accumulated Amortization	-243		-243			-210
Finite-lived intangible assets, Carrying Amount	87		87			120
Trademarks
Intangible Assets
Indefinite-lived intangible assets	$3,800		$3,800			$3,800

Goodwill_and_Other_Intangible_5

Goodwill and Other Intangible Assets, Net (Details 4) (USD $)	Mar. 31, 2015
In Thousands, unless otherwise specified
Estimate of Aggregate Amortization Expense:
2015 (remainder of fiscal year)	$283
2016	432
2017	410
2018	410
2019	232
Thereafter	$1,477

Net_Income_Loss_Per_Share_Deta

Net Income (Loss) Per Share (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
Net Income (Loss) Per Share
Number of additional common shares or restricted stock awards included in the denominator as their affect is anti-dilutive	0	0	0	0
Numerator: Basic and Diluted
Net income (loss)	$11,719	($1,223)	$18,100	($4,715)
Dividends paid	-2,737	-2,725	-5,475	-5,445
Undistributed income (loss)	8,982	-3,948	12,625	-10,160
Percentage allocated to common shares	99.10%	100.00%	99.10%	100.00%
Undistributed income (loss) allocated to common shares	8,901	-3,948	12,511	-10,160
Dividends paid on common shares outstanding	2,712	2,725	5,426	5,445
Net income (loss) available to common shares	$11,613	($1,223)	$17,936	($4,715)
Denominator: Basic and Diluted
Weighted average common shares outstanding	12,333,550	12,287,907	12,329,716	12,267,463
Adjustment for dilutive potential common shares	11,886		12,395
Weighted average shares - Diluted	12,345,436	12,287,907	12,342,111	12,267,463
Per common share net income (loss)
Basic (in dollars per share)	$0.94	($0.10)	$1.45	($0.38)
Diluted (in dollars per share)	$0.94	($0.10)	$1.45	($0.38)

Net_Income_Loss_Per_Share_Deta1

Net Income (Loss) Per Share (Details 2)	3 Months Ended		6 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
Stock Option Plans
Antidilutive securities
Number of shares excluded as their effect would be anti-dilutive	290,255	221,270	290,255	229,996
Restricted Stock Plan
Antidilutive securities
Number of shares excluded as their effect would be anti-dilutive	112,450	97,600	112,450	97,600

Net_Income_Loss_Per_Share_Deta2

Net Income (Loss) Per Share (Details 3)	3 Months Ended		6 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
Percentage allocated to common shares - weighted average
Common shares outstanding	12,333,550	12,287,907	12,329,716	12,267,463
Unvested participating shares	112,450		112,450
Total	12,446,000	12,287,907	12,442,166	12,267,463

StockBased_Compensation_Detail

Stock-Based Compensation (Details) (USD $)	6 Months Ended		3 Months Ended		0 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014	Nov. 25, 2014
Restricted stock plan activity, other disclosures
Compensation expense	$262	$233
Restricted Stock Plan
Stock-Based Compensation
Number of shares of common stock reserved for issuance	400,000		400,000
Restricted stock plan activity, number of shares
Unvested at beginning of the period (in shares)	97,150
Granted (in shares)	41,700
Forfeited / Canceled (in shares)	-8,950
Vested (in shares)	-17,450
Unvested at end of the period (in shares)	112,450		112,450
Expected to vest (in shares)	89,250		89,250
Restricted stock plan activity, Weighted Average Fair Value at Grant Date
Unvested at beginning of the period (in dollars per share)	$51.96
Granted (in dollars per share)	$46.72
Forfeited / Canceled (in dollars per share)	$55.54
Vested (in dollars per share)	$56.52
Unvested at end of the period (in dollars per share)	$49.07		$49.07
Expected to vest (in dollars per share)	$48.70		$48.70
Restricted stock plan activity, other disclosures
Compensation expense			438	486
Remaining unrecognized compensation expense	$2,781		$2,781
Weighted average period for recognition	1 year 8 months 5 days
Restricted Stock Plan | Key Employees and Non-Employee Directors
Restricted stock plan activity, number of shares
Granted (in shares)					41,700
Restricted stock plan activity, Weighted Average Fair Value at Grant Date
Granted (in dollars per share)					$46.72
Restricted Stock Plan | Employees and Directors
Restricted stock plan activity, other disclosures
Repurchase of stock from employees (in shares)	5,221
Average purchase price (in dollars per share)	$48.04		$48.04

StockBased_Compensation_Detail1

Stock-Based Compensation (Details 2) (USD $)	6 Months Ended		0 Months Ended	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Nov. 25, 2014	Mar. 31, 2015	Mar. 31, 2014
Fair value assumptions
Stock-based employee compensation expense	$262	$233
Original option plan August 2004
Information relating to stock options
Number of shares of common stock reserved for issuance	1,000,000			1,000,000
Second option plan January 2007
Information relating to stock options
Number of shares of common stock reserved for issuance	500,000			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			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)			$8.17
Dividend Yield (as a percent)			1.90%
Risk-Free Interest Rate (as a percent)			0.96%
Expected Volatility (as a percent)			28.00%
Expected Life			3 years
Stock-based employee compensation expense				136	121
Remaining unrecognized compensation expense	950			950
Weighted average period for recognition	1 year 4 months 2 days
Activity under stock option plans, number of shares
Outstanding at beginning of the period (in shares)	282,001
Granted (in shares)	81,100
Exercised (in shares)	0
Outstanding at end of the period (in shares)	363,101			363,101
Vested or expected to vest (in shares)	342,016			342,016
Exercisable at end of period (in shares)	239,367			239,367
Outstanding at end of period, Aggregate Intrinsic Value	677			677
Vested or expected to vest, Aggregate Intrinsic Value	665			665
Exercisable at end of the period, Aggregate Intrinsic Value	$677			$677
Weighted Average Exercise Prices
Outstanding at beginning of the period (in dollars per share)	$51.61
Granted (in dollars per share)	$46.72
Outstanding at end of period (in dollars per share)	$50.52			$50.52
Vested or expected to vest (in dollars per share)	$50.66			$50.66
Exercisable at end of the period (in dollars per share)	$51.66			$51.66
Outstanding at end of the period, Weighted Average Remaining Contractual Life	5 years 11 months 12 days
Vested or expected to vest, Weighted Average Remaining Contractual Life	5 years 9 months 22 days
Exercisable at end of the period, Weighted Average Remaining Contractual Life	4 years 3 months 4 days
Stock Option Plans | Certain Employees
Activity under stock option plans, number of shares
Granted (in shares)			81,100
Weighted Average Exercise Prices
Granted (in dollars per share)			$46.72

StockBased_Compensation_Detail2

Stock-Based Compensation (Details 3) (Stock Option Plans, USD $)	6 Months Ended
	Mar. 31, 2015
Stock-Based Compensation
Outstanding Number of Shares	363,101
Exercisable Number of Shares	239,367
Exercise Price Per Share $31.00
Stock-Based Compensation
Exercise Price Per Share (in dollars per share)	$31
Remaining Contractual Life	1 year
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
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
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	3 years 6 months
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
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	4 years 9 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	5 years 8 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	6 years 8 months 1 day
Outstanding Number of Shares	19,700
Exercisable Number of Shares	19,700
Exercise Price Per Share $47.96
Stock-Based Compensation
Exercise Price Per Share (in dollars per share)	$47.96
Remaining Contractual Life	7 years 8 months 1 day
Outstanding Number of Shares	35,600
Exercisable Number of Shares	23,734
Exercise Price Per Share $48.39
Stock-Based Compensation
Exercise Price Per Share (in dollars per share)	$48.39
Remaining Contractual Life	7 years 8 months 1 day
Outstanding Number of Shares	1,800
Exercisable Number of Shares	1,200
Exercise Price Per Share $52.78
Stock-Based Compensation
Exercise Price Per Share (in dollars per share)	$52.78
Remaining Contractual Life	8 years 8 months 1 day
Outstanding Number of Shares	45,250
Exercisable Number of Shares	15,082
Exercise Price Per Share $46.72
Stock-Based Compensation
Exercise Price Per Share (in dollars per share)	$46.72
Remaining Contractual Life	9 years 8 months 1 day
Outstanding Number of Shares	81,100

Dividend_Details

Dividend (Details) (USD $)	3 Months Ended		6 Months Ended		0 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014	7-May-15
Common stock dividend
Cash dividend (in dollars per share)	$0.22
Dividend paid (in dollars)	$2,737	$2,725	$5,475	$5,445
Cash dividend declared (in dollars per share)	$0.22	$0.22	$0.44	$0.44
Subsequent event
Common stock dividend
Cash dividend declared (in dollars per share)					$0.22

Fair_Value_Measurements_Detail

Fair Value Measurements (Details) (Fair value measurements on recurring basis, Level 1, Cash and money market funds, USD $)	Mar. 31, 2015	Sep. 30, 2014
In Thousands, unless otherwise specified
Fair value measurements on recurring basis | Level 1 | Cash and money market funds
Assets:
Total fair value	$32,229	$45,871

Changes_in_Accumulated_Other_C2

Changes in Accumulated Other Comprehensive Income (Loss) by Component (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
Accumulated other comprehensive income (loss)
Accumulated other comprehensive income (loss) at the beginning of the period	($63,033)	($54,798)	($61,828)	($56,799)
Other comprehensive income (loss) before classifications	-2,786	391	-5,245	1,681
Amounts reclassified from accumulated other comprehensive income (loss)	1,253	712	2,507	1,423
Net current-period other comprehensive income (loss)	-1,533	1,103	-2,738	3,104
Accumulated other comprehensive income (loss) at the end of the period	-64,566	-53,695	-64,566	-53,695
Defined Benefit Plans | Defined Benefit Pension Plans
Accumulated other comprehensive income (loss)
Accumulated other comprehensive income (loss) at the beginning of the period	-41,928	-41,945	-42,800	-42,798
Amounts reclassified from accumulated other comprehensive income (loss)	870	853	1,742	1,706
Net current-period other comprehensive income (loss)	870	853	1,742	1,706
Accumulated other comprehensive income (loss) at the end of the period	-41,058	-41,092	-41,058	-41,092
Defined Benefit Plans | Postretirement Health Care Benefits
Accumulated other comprehensive income (loss)
Accumulated other comprehensive income (loss) at the beginning of the period	-19,618	-16,106	-20,000	-15,964
Amounts reclassified from accumulated other comprehensive income (loss)	383	-141	765	-283
Net current-period other comprehensive income (loss)	383	-141	765	-283
Accumulated other comprehensive income (loss) at the end of the period	-19,235	-16,247	-19,235	-16,247
Foreign Exchange
Accumulated other comprehensive income (loss)
Accumulated other comprehensive income (loss) at the beginning of the period	-1,487	3,253	972	1,963
Other comprehensive income (loss) before classifications	-2,786	391	-5,245	1,681
Net current-period other comprehensive income (loss)	-2,786	391	-5,245	1,681
Accumulated other comprehensive income (loss) at the end of the period	($4,273)	$3,644	($4,273)	$3,644

Changes_in_Accumulated_Other_C3

Changes in Accumulated Other Comprehensive Income (Loss) by Component (Details 2) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
Reclassifications out of accumulated other comprehensive income
Tax (expense) or benefit	$5,577	($60)	$8,851	($2,124)
Total reclassification for the period	-1,253	-712	-2,507	-1,423
Reclassifications out of accumulated other comprehensive income
Reclassifications out of accumulated other comprehensive income
Prior Service Costs	-202	522	-404	1,043
Actuarial (losses)	-1,790	-1,653	-3,580	-3,303
Total before tax	-1,992	-1,131	-3,984	-2,260
Tax (expense) or benefit	739	419	1,477	837
Total reclassification for the period	-1,253	-712	-2,507	-1,423
Defined Benefit Plans | Defined Benefit Pension Plans
Reclassifications out of accumulated other comprehensive income
Total reclassification for the period	-870	-853	-1,742	-1,706
Defined Benefit Plans | Defined Benefit Pension Plans | Reclassifications out of accumulated other comprehensive income
Reclassifications out of accumulated other comprehensive income
Prior Service Costs	-202	-202	-404	-404
Actuarial (losses)	-1,180	-1,153	-2,363	-2,305
Total before tax	-1,382	-1,355	-2,767	-2,709
Tax (expense) or benefit	512	502	1,025	1,003
Total reclassification for the period	-870	-853	-1,742	-1,706
Defined Benefit Plans | Postretirement Health Care Benefits
Reclassifications out of accumulated other comprehensive income
Total reclassification for the period	-383	141	-765	283
Defined Benefit Plans | Postretirement Health Care Benefits | Reclassifications out of accumulated other comprehensive income
Reclassifications out of accumulated other comprehensive income
Prior Service Costs		724		1,447
Actuarial (losses)	-610	-500	-1,217	-998
Total before tax	-610	224	-1,217	449
Tax (expense) or benefit	227	-83	452	-166
Total reclassification for the period	($383)	$141	($765)	$283

Acquisition_Details

Acquisition (Details) (USD $)	0 Months Ended
	Jan. 07, 2015	Mar. 31, 2015
Purchase Price Allocation
Goodwill		$4,789,000
Leveltek Processing, LLC
Acquisition
Acquisition price	14,600,000
Purchase Price Allocation
Property, plant and equipment, net	7,563,000
Inventory	148,000
Total identifiable net assets	9,811,000
Goodwill	4,789,000
Total purchase price	14,600,000
Customer relationships | Leveltek Processing, LLC
Purchase Price Allocation
Customer relationships	$2,100,000