10-Q Filing

SUPERIOR GROUP OF COMPANIES, INC. CIK: 95574 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001437749-12-004010`
Period End Date	20120331
Filing Date	20120420
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	sgc-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 34 Cash Flow Statement 60

Balance Sheet 71 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.89M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.11M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.93M	USD	Point-in-time
Accounts receivable - trade	`AccountsReceivableNetCurrent`	$15.94M	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
Accounts receivable - trade	`AccountsReceivableNetCurrent`	$16.04M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable - other	`OtherReceivables`	$3.75M	USD	Point-in-time
Accounts receivable - other	`OtherReceivables`	$3.74M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.52M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.15M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories	`InventoryNet`	$41.21M	USD	Point-in-time
Inventories	`InventoryNet`	$40.40M	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
TOTAL CURRENT ASSETS	`AssetsCurrent`	$65.25M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	5.99M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	6.07M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$66.22M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	5.99M	shares	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$8.41M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$8.46M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	6.07M	shares	Point-in-time
OTHER INTANGIBLE ASSETS, NET	`OtherIntangibleAssetsNet`	$2.51M	USD	Point-in-time
OTHER INTANGIBLE ASSETS, NET	`OtherIntangibleAssetsNet`	$2.75M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxAssetsNetNoncurrent`	$3.69M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxAssetsNetNoncurrent`	$3.46M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$142.00K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$107.00K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$80.06M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$80.95M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.94M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.51M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$2.77M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$4.50M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$8.29M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$10.44M	USD	Point-in-time
LONG TERM DEBT	`LongTermDebt`	$640.00K	USD	Point-in-time
LONG TERM DEBT	`LongTermDebt`	$1.16M	USD	Point-in-time
LONG-TERM PENSION LIABILITY	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$8.17M	USD	Point-in-time
LONG-TERM PENSION LIABILITY	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$8.09M	USD	Point-in-time
OTHER LONG-TERM LIABILITIES	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$750.00K	USD	Point-in-time
OTHER LONG-TERM LIABILITIES	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$735.00K	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$20.00K	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (NOTE 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (NOTE 6)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $.001 par value - authorized 50,000,000 shares, issued and outstanding - 6,070,094 and 5,993,062, respectively.	`CommonStockValue`	$6.00K	USD	Point-in-time
Common stock, $.001 par value - authorized 50,000,000 shares, issued and outstanding - 6,070,094 and 5,993,062, respectively.	`CommonStockValue`	$6.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$20.33M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$19.35M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$48.08M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$48.59M	USD	Point-in-time
Pensions	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.74M	USD	Point-in-time
Pensions	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-6.90M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$61.67M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$61.05M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$80.95M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$80.06M	USD	Point-in-time
Finished goods	`InventoryFinishedGoods`	$29.03M	USD	Point-in-time
Finished goods	`InventoryFinishedGoods`	$30.08M	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$49.00K	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$52.00K	USD	Point-in-time
Raw materials	`InventoryRawMaterials`	$12.13M	USD	Point-in-time
Raw materials	`InventoryRawMaterials`	$10.27M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$28.51M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$26.90M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$19.05M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$17.05M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$8.91M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$8.91M	USD	1 Quarter
Interest expense	`InterestExpense`	$6.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$11.00K	USD	1 Quarter
CostsAndExpenses	`CostsAndExpenses`	$27.97M	USD	1 Quarter
CostsAndExpenses	`CostsAndExpenses`	$25.96M	USD	1 Quarter
Income before taxes on income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$537.00K	USD	1 Quarter
Income before taxes on income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$939.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$340.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$210.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$327.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$599.00K	USD	1 Quarter
(Basic)	`WeightedAverageNumberOfSharesOutstandingBasic`	6.03M	shares	1 Quarter
(Basic)	`WeightedAverageNumberOfSharesOutstandingBasic`	5.98M	shares	1 Quarter
(Diluted)	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.07M	shares	1 Quarter
(Diluted)	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.14M	shares	1 Quarter
Basic Net income	`EarningsPerShareBasic`	$0.10	USD	1 Quarter
Basic Net income	`EarningsPerShareBasic`	$0.05	USD	1 Quarter
Diluted Net income	`EarningsPerShareDiluted`	$0.05	USD	1 Quarter
Diluted Net income	`EarningsPerShareDiluted`	$0.10	USD	1 Quarter
Amortization of prior service costs includedin net periodic pension costs	`OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetPriorServiceCostRecognizedInNetPeriodicPensionCostTaxEffect`	$-4.00K	USD	1 Quarter
Amortization of prior service costs includedin net periodic pension costs	`OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetPriorServiceCostRecognizedInNetPeriodicPensionCostTaxEffect`	$-3.00K	USD	1 Quarter
Recognition of net losses included innet periodic pension costs	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax`	$158.00K	USD	1 Quarter
Recognition of net losses included innet periodic pension costs	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax`	$79.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$83.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$161.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$488.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$682.00K	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 Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$327.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$599.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$614.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$794.00K	USD	1 Quarter
Provision for bad debts - accounts receivable	`ProvisionForDoubtfulAccounts`	$19.00K	USD	1 Quarter
Provision for bad debts - accounts receivable	`ProvisionForDoubtfulAccounts`	$28.00K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$675.00K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$788.00K	USD	1 Quarter
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-303.00K	USD	1 Quarter
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-301.00K	USD	1 Quarter
Gain on sales of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-1.00K	USD	1 Quarter
Accounts receivable - trade	`IncreaseDecreaseInAccountsReceivable`	$-113.00K	USD	1 Quarter
Accounts receivable - trade	`IncreaseDecreaseInAccountsReceivable`	$-1.47M	USD	1 Quarter
Accounts receivable- other	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-736.00K	USD	1 Quarter
Accounts receivable- other	`IncreaseDecreaseInAccountsAndOtherReceivables`	$8.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$810.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$66.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$373.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-3.51M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-35.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$22.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-426.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$569.00K	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-1.30M	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-1.73M	USD	1 Quarter
Pension liability	`IncreaseDecreaseInPensionPlanObligations`	$202.00K	USD	1 Quarter
Pension liability	`IncreaseDecreaseInPensionPlanObligations`	$331.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOperatingLiabilities`	$15.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOperatingLiabilities`	$28.00K	USD	1 Quarter
Net cash flows provided from (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.22M	USD	1 Quarter
Net cash flows provided from (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$565.00K	USD	1 Quarter
Additions to property, plant and equipment	`PropertyPlantAndEquipmentAdditions`	$-395.00K	USD	1 Quarter
Additions to property, plant and equipment	`PropertyPlantAndEquipmentAdditions`	$-423.00K	USD	1 Quarter
Disposals of property, plant and equipment	`PropertyPlantAndEquipmentDisposals`	$-11.00K	USD	1 Quarter
Disposals of property, plant and equipment	`PropertyPlantAndEquipmentDisposals`	$-1.00K	USD	1 Quarter
Acquisition of intangible assets	`PaymentsToAcquireIntangibleAssets`	$2.06M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-422.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.44M	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$3.32M	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$14.12M	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$3.32M	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$13.60M	USD	1 Quarter
Payment of cash dividends	`DividendsCash`	$-812.00K	USD	1 Quarter
Payment of cash dividends	`DividendsCash`	$-807.00K	USD	1 Quarter
Proceeds received on exercise of stock options	`ProceedsFromStockOptionsExercised`	$367.00K	USD	1 Quarter
Proceeds received on exercise of stock options	`ProceedsFromStockOptionsExercised`	$315.00K	USD	1 Quarter
Common stock reacquired and retired	`PaymentsForRepurchaseOfCommonStock`	$113.00K	USD	1 Quarter
Common stock reacquired and retired	`PaymentsForRepurchaseOfCommonStock`	$41.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-18.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-553.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$125.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-7.22M	USD	1 Quarter
Cash and cash equivalents balance, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$2.80M	USD	Point-in-time
Cash and cash equivalents balance, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$1.89M	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`	$2.93M	USD	Point-in-time
Cash and cash equivalents balance, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.80M	USD	Point-in-time
Cash and cash equivalents balance, end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.89M	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`	$2.93M	USD	Point-in-time

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