10-Q Filing

SUPERIOR GROUP OF COMPANIES, INC. CIK: 95574 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0001193125-11-196921`
Period End Date	20110630
Filing Date	20110726
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	sgc-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 52 Cash Flow Statement 61

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.31M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.16M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.37M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.11M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	300,000.00	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	300,000.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable and other current assets	`AccountsReceivableAndOtherCurrentAssets`	$21.83M	USD	Point-in-time
Accounts receivable and other current assets	`AccountsReceivableAndOtherCurrentAssets`	$25.33M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories	`InventoryNet`	$34.20M	USD	Point-in-time
Inventories	`InventoryNet`	$31.03M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$61.84M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$61.97M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$9.46M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	5.99M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	5.96M	shares	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$9.20M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	5.96M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	5.99M	shares	Point-in-time
OTHER INTANGIBLE ASSETS, NET	`IntangibleAssetsNetExcludingGoodwill`	$3.23M	USD	Point-in-time
OTHER INTANGIBLE ASSETS, NET	`IntangibleAssetsNetExcludingGoodwill`	$911.23K	USD	Point-in-time
Finished goods	`InventoryFinishedGoods`	$23.83M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxAssetsNetNoncurrent`	$1.68M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxAssetsNetNoncurrent`	$2.09M	USD	Point-in-time
Finished goods	`InventoryFinishedGoods`	$22.49M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$135.26K	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$112.51K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$173.40K	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$66.85K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$74.19M	USD	Point-in-time
Raw materials	`InventoryRawMaterials`	$7.13M	USD	Point-in-time
Raw materials	`InventoryRawMaterials`	$11.60M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$76.49M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.78M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.10M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.71M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.20M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$8.82M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$8.98M	USD	Point-in-time
LONG-TERM PENSION LIABILITY	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$3.54M	USD	Point-in-time
LONG-TERM PENSION LIABILITY	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$3.69M	USD	Point-in-time
OTHER LONG-TERM LIABILITIES	`OtherLiabilitiesNoncurrent`	$800.00K	USD	Point-in-time
OTHER LONG-TERM LIABILITIES	`OtherLiabilitiesNoncurrent`	$742.00K	USD	Point-in-time
Preferred stock, $1 par value - authorized 300,000 shares (none issued)	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $1 par value - authorized 300,000 shares (none issued)	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.001 par value - authorized 50,000,000 shares, issued and outstanding - 5,993,551 and 5,959,975 shares, respectively.	`CommonStockValue`	$5.96K	USD	Point-in-time
Common stock, $.001 par value - authorized 50,000,000 shares, issued and outstanding - 5,993,551 and 5,959,975 shares, respectively.	`CommonStockValue`	$5.99K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$16.75M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$18.88M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$48.04M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$48.40M	USD	Point-in-time
Pensions	`AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax`	$3.90M	USD	Point-in-time
Pensions	`AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax`	$4.06M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$61.10M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$63.03M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$76.49M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$74.19M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$52.61M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$54.40M	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$26.63M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$27.51M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$17.58M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$17.25M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$34.29M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$34.63M	USD	2 Qtrs
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$15.97M	USD	2 Qtrs
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$7.85M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$8.49M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$17.40M	USD	2 Qtrs
Interest expense	`InterestExpense`	$11.88K	USD	2 Qtrs
Interest expense	`InterestExpense`	$5.60K	USD	1 Quarter
Interest expense	`InterestExpense`	$5.74K	USD	1 Quarter
Interest expense	`InterestExpense`	$8.08K	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$52.03M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$50.27M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$26.07M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$25.10M	USD	1 Quarter
Earnings before taxes on income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.53M	USD	1 Quarter
Earnings before taxes on income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.43M	USD	1 Quarter
Earnings before taxes on income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.34M	USD	2 Qtrs
Earnings before taxes on income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.37M	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$850.00K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$840.00K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$500.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$550.00K	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$1.49M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$983.17K	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$1.53M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$932.40K	USD	1 Quarter
Weighted average number of shares outstanding during the period (Basic)	`WeightedAverageNumberOfSharesOutstandingBasic`	5.99M	shares	2 Qtrs
Weighted average number of shares outstanding during the period (Basic)	`WeightedAverageNumberOfSharesOutstandingBasic`	5.90M	shares	1 Quarter
Weighted average number of shares outstanding during the period (Basic)	`WeightedAverageNumberOfSharesOutstandingBasic`	6.00M	shares	1 Quarter
Weighted average number of shares outstanding during the period (Basic)	`WeightedAverageNumberOfSharesOutstandingBasic`	5.90M	shares	2 Qtrs
Weighted average number of shares outstanding during the period (Diluted)	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.96M	shares	2 Qtrs
Weighted average number of shares outstanding during the period (Diluted)	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.96M	shares	1 Quarter
Weighted average number of shares outstanding during the period (Diluted)	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.09M	shares	1 Quarter
Weighted average number of shares outstanding during the period (Diluted)	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.08M	shares	2 Qtrs
Net earnings	`EarningsPerShareBasic`	$0.25	USD	2 Qtrs
Net earnings	`EarningsPerShareBasic`	$0.16	USD	1 Quarter
Net earnings	`EarningsPerShareBasic`	$0.26	USD	2 Qtrs
Net earnings	`EarningsPerShareBasic`	$0.17	USD	1 Quarter
Net earnings	`EarningsPerShareDiluted`	$0.15	USD	1 Quarter
Net earnings	`EarningsPerShareDiluted`	$0.25	USD	2 Qtrs
Net earnings	`EarningsPerShareDiluted`	$0.25	USD	2 Qtrs
Net earnings	`EarningsPerShareDiluted`	$0.17	USD	1 Quarter
Cash dividends per common share	`CommonStockDividendsPerShareCashPaid`	$0.27	USD	2 Qtrs
Cash dividends per common share	`CommonStockDividendsPerShareCashPaid`	$0.14	USD	1 Quarter
Cash dividends per common share	`CommonStockDividendsPerShareCashPaid`	$0.14	USD	1 Quarter
Cash dividends per common share	`CommonStockDividendsPerShareCashPaid`	$0.27	USD	2 Qtrs

Cash Flow Statement 61 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$1.49M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$983.17K	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$1.53M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$932.40K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.53M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$1.32M	USD	2 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$55.94K	USD	2 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$111.90K	USD	2 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$823.85K	USD	2 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$408.83K	USD	2 Qtrs
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-496.00K	USD	2 Qtrs
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-360.50K	USD	2 Qtrs
Gain on sales of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$13.00K	USD	2 Qtrs
Gain on sales of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$45.44K	USD	2 Qtrs
Accounts receivable and other current assets	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$200.88K	USD	2 Qtrs
Accounts receivable and other current assets	`IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets`	$3.56M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$3.17M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-187.30K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$7.47K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-38.14K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$677.84K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$202.94K	USD	2 Qtrs
Other current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$53.93K	USD	2 Qtrs
Other current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-514.98K	USD	2 Qtrs
Pension liability	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$56.09K	USD	2 Qtrs
Pension liability	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$404.14K	USD	2 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$58.00K	USD	2 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$55.00K	USD	2 Qtrs
Net cash (used in) provided from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.63M	USD	2 Qtrs
Net cash (used in) provided from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.27M	USD	2 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$733.05K	USD	2 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$791.71K	USD	2 Qtrs
Disposals of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$19.20K	USD	2 Qtrs
Disposals of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$51.66K	USD	2 Qtrs
Proceeds from notes receivable collections	`ProceedsFromCollectionOfNotesReceivable`	$15.25K	USD	2 Qtrs
Proceeds from notes receivable collections	`ProceedsFromCollectionOfNotesReceivable`	-	USD	2 Qtrs
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	$2.06M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.78M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-724.80K	USD	2 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$3.04M	USD	2 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$3.32M	USD	2 Qtrs
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$3.04M	USD	2 Qtrs
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$3.32M	USD	2 Qtrs
Payment of cash dividends	`DividendsCash`	$-1.62M	USD	2 Qtrs
Payment of cash dividends	`DividendsCash`	$-1.60M	USD	2 Qtrs
Proceeds received on exercise of stock options	`ProceedsFromStockOptionsExercised`	$503.69K	USD	2 Qtrs
Proceeds received on exercise of stock options	`ProceedsFromStockOptionsExercised`	$109.72K	USD	2 Qtrs
Common stock reacquired and retired	`PaymentsForRepurchaseOfCommonStock`	$269.10K	USD	2 Qtrs
Common stock reacquired and retired	`PaymentsForRepurchaseOfCommonStock`	$280.59K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.75M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.39M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.80M	USD	2 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$791.53K	USD	2 Qtrs
Cash and cash equivalents balance, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$2.31M	USD	Point-in-time
Cash and cash equivalents balance, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$7.16M	USD	Point-in-time
Cash and cash equivalents balance, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$6.37M	USD	Point-in-time
Cash and cash equivalents balance, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$9.11M	USD	Point-in-time
Cash and cash equivalents balance, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.31M	USD	Point-in-time
Cash and cash equivalents balance, end of period	`CashAndCashEquivalentsAtCarryingValue`	$7.16M	USD	Point-in-time
Cash and cash equivalents balance, end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.37M	USD	Point-in-time
Cash and cash equivalents balance, end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.11M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.