10-Q Filing

SUPERIOR GROUP OF COMPANIES, INC. CIK: 95574 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001437749-13-004556`
Period End Date	20130331
Filing Date	20130419
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	sgc-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 33 Cash Flow Statement 57

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.49M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.55M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	300,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.80M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	300,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.93M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable - trade	`AccountsReceivableNetCurrent`	$16.66M	USD	Point-in-time
Accounts receivable - trade	`AccountsReceivableNetCurrent`	$17.32M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable - other	`OtherReceivables`	$3.00M	USD	Point-in-time
Accounts receivable - other	`OtherReceivables`	$3.31M	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`	$2.67M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$2.79M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	6.12M	shares	Point-in-time
Inventories	`InventoryNet`	$39.34M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	6.12M	shares	Point-in-time
Inventories	`InventoryNet`	$39.25M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	6.12M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	6.12M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$65.24M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$66.13M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$8.96M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$8.72M	USD	Point-in-time
OTHER INTANGIBLE ASSETS, NET	`OtherIntangibleAssetsNet`	$559.00K	USD	Point-in-time
OTHER INTANGIBLE ASSETS, NET	`OtherIntangibleAssetsNet`	$523.00K	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$4.21M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$4.63M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$163.00K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$182.00K	USD	Point-in-time
Assets	`Assets`	$78.91M	USD	Point-in-time
Assets	`Assets`	$80.06M	USD	Point-in-time
Assets	`Assets`	$80.41M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.63M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$6.25M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$2.84M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.22M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$9.85M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$9.09M	USD	Point-in-time
LONG TERM DEBT	`LongTermDebtNoncurrent`	$120.00K	USD	Point-in-time
LONG TERM DEBT	`LongTermDebtNoncurrent`	-	USD	Point-in-time
LONG-TERM PENSION LIABILITY	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$10.47M	USD	Point-in-time
LONG-TERM PENSION LIABILITY	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$10.54M	USD	Point-in-time
OTHER LONG-TERM LIABILITIES	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$736.00K	USD	Point-in-time
OTHER LONG-TERM LIABILITIES	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$700.00K	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$70.00K	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$90.00K	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 - 6,122,790 and 6,115,907, respectively.	`CommonStockValue`	$6.00K	USD	Point-in-time
Common stock, $.001 par value - authorized 50,000,000 shares, issued and outstanding - 6,122,790 and 6,115,907, respectively.	`CommonStockValue`	$6.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$21.94M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$21.29M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$44.45M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$45.68M	USD	Point-in-time
Pensions	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.96M	USD	Point-in-time
Pensions	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-7.76M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$59.86M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$57.79M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$78.91M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$80.41M	USD	Point-in-time
Finished goods	`InventoryFinishedGoods`	$27.85M	USD	Point-in-time
Finished goods	`InventoryFinishedGoods`	$27.38M	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$71.00K	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$58.00K	USD	Point-in-time
Raw materials	`InventoryRawMaterials`	$11.79M	USD	Point-in-time
Raw materials	`InventoryRawMaterials`	$11.44M	USD	Point-in-time

Income Statement 33 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$30.98M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$28.51M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$19.05M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$19.67M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$8.91M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$9.56M	USD	1 Quarter
Interest expense	`InterestExpense`	$7.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$11.00K	USD	1 Quarter
CostsAndExpenses	`CostsAndExpenses`	$27.97M	USD	1 Quarter
CostsAndExpenses	`CostsAndExpenses`	$29.24M	USD	1 Quarter
Income before taxes on income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$537.00K	USD	1 Quarter
Income before taxes on income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.75M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$520.00K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$210.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$327.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.23M	USD	1 Quarter
(Basic) (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	6.12M	shares	1 Quarter
(Basic) (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	6.03M	shares	1 Quarter
(Diluted) (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.14M	shares	1 Quarter
(Diluted) (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.17M	shares	1 Quarter
Net income (in Dollars per share)	`EarningsPerShareBasic`	$0.05	USD	1 Quarter
Net income (in Dollars per share)	`EarningsPerShareBasic`	$0.20	USD	1 Quarter
Net income (in Dollars per share)	`EarningsPerShareDiluted`	$0.20	USD	1 Quarter
Net income (in Dollars per share)	`EarningsPerShareDiluted`	$0.05	USD	1 Quarter
Amortization of prior service costs included in net periodic pension costs	`OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetPriorServiceCostRecognizedInNetPeriodicPensionCostNetOfTax`	$-3.00K	USD	1 Quarter
Amortization of prior service costs included in net periodic pension costs	`OtherComprehensiveIncomeLossAmortizationPensionAndOtherPostretirementBenefitPlansNetPriorServiceCostRecognizedInNetPeriodicPensionCostNetOfTax`	$-2.00K	USD	1 Quarter
Recognition of net losses included in net periodic pension costs	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax`	$-158.00K	USD	1 Quarter
Recognition of net losses included in net periodic pension costs	`OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax`	$-190.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$192.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$161.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.42M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$488.00K	USD	1 Quarter
Cash dividends per common share (in Dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.14	USD	1 Quarter

Cash Flow Statement 57 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$327.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.23M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$349.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$614.00K	USD	1 Quarter
Provision for bad debts - accounts receivable	`ProvisionForDoubtfulAccounts`	$27.00K	USD	1 Quarter
Provision for bad debts - accounts receivable	`ProvisionForDoubtfulAccounts`	$19.00K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$590.00K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$675.00K	USD	1 Quarter
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-303.00K	USD	1 Quarter
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-503.00K	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`	$690.00K	USD	1 Quarter
Accounts receivable - other	`IncreaseDecreaseInAccountsAndOtherReceivables`	$317.00K	USD	1 Quarter
Accounts receivable - other	`IncreaseDecreaseInAccountsAndOtherReceivables`	$-8.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$94.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-810.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-373.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-129.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$35.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-19.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-426.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-383.00K	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-379.00K	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-1.73M	USD	1 Quarter
Pension liability	`IncreaseDecreaseInPensionPlanObligations`	$331.00K	USD	1 Quarter
Pension liability	`IncreaseDecreaseInPensionPlanObligations`	$367.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOperatingLiabilities`	$-36.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOperatingLiabilities`	$15.00K	USD	1 Quarter
Net cash flows provided from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$565.00K	USD	1 Quarter
Net cash flows provided from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$308.00K	USD	1 Quarter
Additions to property, plant and equipment	`PropertyPlantAndEquipmentAdditions`	$-423.00K	USD	1 Quarter
Additions to property, plant and equipment	`PropertyPlantAndEquipmentAdditions`	$-554.00K	USD	1 Quarter
Disposals of property, plant and equipment	`PropertyPlantAndEquipmentDisposals`	$-1.00K	USD	1 Quarter
Disposals of property, plant and equipment	`PropertyPlantAndEquipmentDisposals`	$-2.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-422.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-552.00K	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$8.72M	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$14.12M	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$13.60M	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$8.60M	USD	1 Quarter
Payment of cash dividends	`DividendsCash`	$-812.00K	USD	1 Quarter
Proceeds received on exercise of stock options	`ProceedsFromStockOptionsExercised`	$63.00K	USD	1 Quarter
Proceeds received on exercise of stock options	`ProceedsFromStockOptionsExercised`	$315.00K	USD	1 Quarter
Common stock reacquired and retired	`PaymentsForRepurchaseOfCommonStock`	$41.00K	USD	1 Quarter
Net cash provided from (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-18.00K	USD	1 Quarter
Net cash provided from (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$183.00K	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-61.00K	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$125.00K	USD	1 Quarter
Cash and cash equivalents balance, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$3.49M	USD	Point-in-time
Cash and cash equivalents balance, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$3.55M	USD	Point-in-time
Cash and cash equivalents balance, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$2.80M	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`	$3.49M	USD	Point-in-time
Cash and cash equivalents balance, end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.55M	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`	$2.93M	USD	Point-in-time

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