0000000000-19-011297.txt : 20190910 0000000000-19-011297.hdr.sgml : 20190910 20190718171055 ACCESSION NUMBER: 0000000000-19-011297 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20190718 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: HAYNES INTERNATIONAL INC CENTRAL INDEX KEY: 0000858655 STANDARD INDUSTRIAL CLASSIFICATION: STEEL WORKS, BLAST FURNACES & ROLLING & FINISHING MILLS [3310] IRS NUMBER: 061185400 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 1020 WEST PARK AVE STREET 2: PO BOX 9013 CITY: KOKOMO STATE: IN ZIP: 46904 BUSINESS PHONE: 3174566005 MAIL ADDRESS: STREET 1: 1020 WEST PARK AVE CITY: KOKOMO STATE: IN ZIP: 46904-9013 PUBLIC REFERENCE ACCESSION NUMBER: 0001558370-18-009382 LETTER 1 filename1.pdf begin 644 filename1 M)5!$1BTQ+C4-)>+CS],-"CD@,"!O8FH-/#PO3&EN96%R:7IE9" Q+TP@,S,W M,S,O3R Q,2]%(#(X-#(T+TX@,B]4(#,S-#,V+T@@6R T-34@,30Y73X^#65N M9&]B:@T@(" @(" @(" @(" @(" @(" @#0HQ-B P(&]B:@T\/"]$96-O9&50 M87)M7!E+UA2968O5ULQ(#(@,5T^/G-TU FA&() "# #;N0H7 M#0IE;F1S=')E86T-96YD;V)J#3$P(# @;V)J#3P\+TUE=&%D871A(#,@,"!2 M+U!A9V5S(#<@,"!2+U1Y<&4O0V%T86QO9SX^#65N9&]B:@TQ,2 P(&]B:@T\ M/"]#;VYT96YT%LP(# @-C$R(#,C17,% PM% P-U&P ML=%W2BQ.=%#(, @P 8!0VPPT*96YD)RE5]MRVS80?==7[$.GX\Y8#.\2^Z8Z=NND<2Y6)Y-' MF(0DQ+S(!"E9?^-/[5F0E!6*:N+&'HU-$-C+V;-GH8?1 _E3F_AW&E 841A. 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In our comment, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this comment within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this comment, we may have additional comments. Form 10-K for Fiscal Year Ended September 30, 2018 Note 6. Income Taxes, page 65 1. We note that you have net deferred tax assets of $23.5 million as of September 30, 2018, and that you are been in a three-year cumulative loss position on a consolidated basis and for your US jurisdiction. Finally, we did not note any analysis in your Critical Accounting Policies and Estimates section of MD&A that details the positive evidence and why the positive evidence outweighs the significance negative evidence of 3-year cumulative loss for your US jurisdiction. Please provide us with your comprehensive analysis of the specific positive and negative evidence management evaluated in arriving at the conclusion that a full valuation allowance is not needed as of September 30, 2018. Your analysis should include the weighting of the evidence that is commensurate with the extent to which it is objectively verified. For any tax-planning strategies that you are relying on in your analysis, please ensure that your discussion provides us with a detailed explanation of the nature and any uncertainties, risk, and assumptions for those strategies. Please refer to ASC 740-10-30- 16 - 740-10-30-25, ASC 740-10-55-39 - 740-10-55-48, Daniel Maudlin HAYNES INTERNATIONAL INC July 18, 2019 Page 2 and ASC 740-10-55-120 - 740-10-55-123 for guidance. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. You may contact Tracey Houser, Staff Accountant, at (202) 551-3736, or Al Pavot, Staff Accountant, at (202) 551-3738, if you have questions regarding comments on the financial statements and related matters. Sincerely, FirstName LastNameDaniel Maudlin Division of Corporation Finance Comapany NameHAYNES INTERNATIONAL INC Office of Manufacturing and July 18, 2019 Page 2 Construction FirstName LastName