10-Q Filing

SUPERIOR GROUP OF COMPANIES, INC. CIK: 95574 Q3 2011

Filing Information

Form Type	10-Q
Accession Number	`0001193125-11-278073`
Period End Date	20110930
Filing Date	20111024
Fiscal Year	2011
Fiscal Period	Q3
XBRL Instance	sgc-20110930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 52 Cash Flow Statement 66

Balance Sheet 70 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`	$10.35M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	300,000.00	shares	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.37M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.31M	USD	Point-in-time
Accounts receivable - trade	`AccountsReceivableNetCurrent`	$16.52M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable - trade	`AccountsReceivableNetCurrent`	$19.30M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable - other	`OtherReceivables`	$1.27M	USD	Point-in-time
Accounts receivable - other	`OtherReceivables`	$3.14M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	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
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.91M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.03M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	5.97M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	5.96M	shares	Point-in-time
Inventories*	`InventoryNet`	$39.11M	USD	Point-in-time
Inventories*	`InventoryNet`	$31.03M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	5.96M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	5.97M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$66.76M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$61.97M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$8.79M	USD	Point-in-time
Finished goods	`InventoryFinishedGoods`	$23.78M	USD	Point-in-time
Finished goods	`InventoryFinishedGoods`	$23.83M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$9.46M	USD	Point-in-time
OTHER INTANGIBLE ASSETS, NET	`IntangibleAssetsNetExcludingGoodwill`	$911.23K	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$71.31K	USD	Point-in-time
OTHER INTANGIBLE ASSETS, NET	`IntangibleAssetsNetExcludingGoodwill`	$2.99M	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$66.85K	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxAssetsNetNoncurrent`	$1.68M	USD	Point-in-time
Raw materials	`InventoryRawMaterials`	$7.13M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxAssetsNetNoncurrent`	$2.07M	USD	Point-in-time
Raw materials	`InventoryRawMaterials`	$15.25M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$122.31K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$173.40K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$74.19M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$80.73M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.10M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.17M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$4.36M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.71M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$8.82M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$11.53M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtNoncurrent`	-	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtNoncurrent`	$800.00K	USD	Point-in-time
LONG-TERM PENSION LIABILITY	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$3.54M	USD	Point-in-time
LONG-TERM PENSION LIABILITY	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$3.62M	USD	Point-in-time
OTHER LONG-TERM LIABILITIES	`OtherLiabilitiesNoncurrent`	$742.00K	USD	Point-in-time
OTHER LONG-TERM LIABILITIES	`OtherLiabilitiesNoncurrent`	$700.00K	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 - 5,974,517 and 5,959,975 shares, respectively.	`CommonStockValue`	$5.97K	USD	Point-in-time
Common stock, $.001 par value - authorized 50,000,000 shares, issued and outstanding - 5,974,517 and 5,959,975 shares, respectively.	`CommonStockValue`	$5.96K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$19.13M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$16.75M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$48.40M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$48.75M	USD	Point-in-time
Pensions	`AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax`	$4.06M	USD	Point-in-time
Pensions	`AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax`	$3.81M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$64.08M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$61.10M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$74.19M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$80.73M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$85.13M	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$30.73M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$27.30M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$79.91M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$54.16M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$17.36M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$51.65M	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsSold`	$19.53M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$8.59M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$23.92M	USD	3 Qtrs
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$25.98M	USD	3 Qtrs
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$7.95M	USD	1 Quarter
Interest expense	`InterestExpense`	$16.31K	USD	3 Qtrs
Interest expense	`InterestExpense`	$8.23K	USD	1 Quarter
Interest expense	`InterestExpense`	$20.82K	USD	3 Qtrs
Interest expense	`InterestExpense`	$8.94K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$25.32M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$28.13M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$75.59M	USD	3 Qtrs
Total expenses	`CostsAndExpenses`	$80.16M	USD	3 Qtrs
Earnings before taxes on income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.32M	USD	3 Qtrs
Earnings before taxes on income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.98M	USD	1 Quarter
Earnings before taxes on income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.60M	USD	1 Quarter
Earnings before taxes on income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$4.97M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$1.46M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$1.56M	USD	3 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$610.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$720.00K	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$3.41M	USD	3 Qtrs
Net earnings	`NetIncomeLoss`	$1.37M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$2.86M	USD	3 Qtrs
Net earnings	`NetIncomeLoss`	$1.88M	USD	1 Quarter
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`	5.99M	shares	1 Quarter
Weighted average number of shares outstanding during the period (Basic)	`WeightedAverageNumberOfSharesOutstandingBasic`	5.90M	shares	3 Qtrs
Weighted average number of shares outstanding during the period (Basic)	`WeightedAverageNumberOfSharesOutstandingBasic`	5.99M	shares	3 Qtrs
Weighted average number of shares outstanding during the period (Diluted)	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.08M	shares	3 Qtrs
Weighted average number of shares outstanding during the period (Diluted)	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.95M	shares	1 Quarter
Weighted average number of shares outstanding during the period (Diluted)	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.96M	shares	3 Qtrs
Weighted average number of shares outstanding during the period (Diluted)	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.08M	shares	1 Quarter
Net earnings	`EarningsPerShareBasic`	$0.49	USD	3 Qtrs
Net earnings	`EarningsPerShareBasic`	$0.57	USD	3 Qtrs
Net earnings	`EarningsPerShareBasic`	$0.23	USD	1 Quarter
Net earnings	`EarningsPerShareBasic`	$0.31	USD	1 Quarter
Net earnings	`EarningsPerShareDiluted`	$0.48	USD	3 Qtrs
Net earnings	`EarningsPerShareDiluted`	$0.56	USD	3 Qtrs
Net earnings	`EarningsPerShareDiluted`	$0.31	USD	1 Quarter
Net earnings	`EarningsPerShareDiluted`	$0.23	USD	1 Quarter
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`	$0.41	USD	3 Qtrs
Cash dividends per common share	`CommonStockDividendsPerShareCashPaid`	$0.41	USD	3 Qtrs

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$3.41M	USD	3 Qtrs
Net earnings	`NetIncomeLoss`	$1.37M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$2.86M	USD	3 Qtrs
Net earnings	`NetIncomeLoss`	$1.88M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.94M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$2.27M	USD	3 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$181.11K	USD	3 Qtrs
Provision for bad debts	`ProvisionForDoubtfulAccounts`	$82.37K	USD	3 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$532.22K	USD	3 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$1.01M	USD	3 Qtrs
Deferred income tax (benefit) provision	`DeferredIncomeTaxExpenseBenefit`	$29.25K	USD	3 Qtrs
Deferred income tax (benefit) provision	`DeferredIncomeTaxExpenseBenefit`	$-519.00K	USD	3 Qtrs
Gain on sales of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$54.44K	USD	3 Qtrs
Gain on sales of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$23.50K	USD	3 Qtrs
Accounts receivable - trade	`IncreaseDecreaseInAccountsReceivable`	$-736.76K	USD	3 Qtrs
Accounts receivable - trade	`IncreaseDecreaseInAccountsReceivable`	$2.86M	USD	3 Qtrs
Accounts receivable - other	`IncreaseDecreaseInOtherReceivables`	$42.29K	USD	3 Qtrs
Accounts receivable - other	`IncreaseDecreaseInOtherReceivables`	$1.86M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-1.12M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$8.08M	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-480.81K	USD	3 Qtrs
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.12M	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$5.16K	USD	3 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-51.10K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$350.52K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$2.07M	USD	3 Qtrs
Other current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$1.07M	USD	3 Qtrs
Other current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$648.14K	USD	3 Qtrs
Pension liability	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-2.22M	USD	3 Qtrs
Pension liability	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$466.21K	USD	3 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-42.00K	USD	3 Qtrs
Other long-term liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$20.00K	USD	3 Qtrs
Net cash (used in) provided from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$7.01M	USD	3 Qtrs
Net cash (used in) provided from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.26M	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$822.49K	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$609.88K	USD	3 Qtrs
Disposals of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$32.94K	USD	3 Qtrs
Disposals of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$60.66K	USD	3 Qtrs
Proceeds from notes receivable collections	`ProceedsFromCollectionOfNotesReceivable`	-	USD	3 Qtrs
Proceeds from notes receivable collections	`ProceedsFromCollectionOfNotesReceivable`	$15.25K	USD	3 Qtrs
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	-	USD	3 Qtrs
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	$2.06M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-533.97K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.85M	USD	3 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$3.04M	USD	3 Qtrs
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$13.40M	USD	3 Qtrs
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$3.04M	USD	3 Qtrs
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$12.60M	USD	3 Qtrs
Payment of cash dividends	`DividendsCash`	$-2.39M	USD	3 Qtrs
Payment of cash dividends	`DividendsCash`	$-2.43M	USD	3 Qtrs
Proceeds received on exercise of stock options	`ProceedsFromStockOptionsExercised`	$245.90K	USD	3 Qtrs
Proceeds received on exercise of stock options	`ProceedsFromStockOptionsExercised`	$712.66K	USD	3 Qtrs
Common stock reacquired and retired	`PaymentsForRepurchaseOfCommonStock`	$343.02K	USD	3 Qtrs
Common stock reacquired and retired	`PaymentsForRepurchaseOfCommonStock`	$775.72K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.69M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-2.49M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.80M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.99M	USD	3 Qtrs
Cash and cash equivalents balance, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$10.35M	USD	Point-in-time
Cash and cash equivalents balance, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$9.11M	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`	$2.31M	USD	Point-in-time
Cash and cash equivalents balance, end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.35M	USD	Point-in-time
Cash and cash equivalents balance, end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.11M	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`	$2.31M	USD	Point-in-time

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