10-Q Filing

SUPERIOR GROUP OF COMPANIES, INC. CIK: 95574 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001437749-14-007141`
Period End Date	20140331
Filing Date	20140425
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	sgc-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 81 Income Statement 33 Cash Flow Statement 58

Balance Sheet 81 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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	300,000.00	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	300,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.55M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.32M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.49M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.41M	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 - trade, net	`AccountsReceivableNetCurrent`	$23.47M	USD	Point-in-time
Accounts receivable - trade, net	`AccountsReceivableNetCurrent`	$22.73M	USD	Point-in-time
Accounts receivable - other	`OtherReceivables`	$4.81M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Accounts receivable - other	`OtherReceivables`	$4.13M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.01M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	6.59M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	6.52M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$7.47M	USD	Point-in-time
Inventories	`InventoryNet`	$49.49M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	6.59M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	6.52M	shares	Point-in-time
Inventories	`InventoryNet`	$54.69M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$94.86M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$87.68M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$13.16M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$13.52M	USD	Point-in-time
OTHER INTANGIBLE ASSETS, NET	`OtherIntangibleAssetsNet`	$17.84M	USD	Point-in-time
OTHER INTANGIBLE ASSETS, NET	`OtherIntangibleAssetsNet`	$18.35M	USD	Point-in-time
GOODWILL	`Goodwill`	$4.13M	USD	Point-in-time
GOODWILL	`Goodwill`	$4.13M	USD	Point-in-time
GOODWILL	`Goodwill`	$4.13M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxAssetsNetNoncurrent`	$2.01M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxAssetsNetNoncurrent`	$1.74M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$148.00K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$155.00K	USD	Point-in-time
Assets	`Assets`	$125.49M	USD	Point-in-time
Assets	`Assets`	$80.41M	USD	Point-in-time
Assets	`Assets`	$132.24M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.36M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$9.84M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$7.77M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$3.87M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$2.06M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$1.75M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$17.88M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$15.77M	USD	Point-in-time
LONG TERM DEBT	`LongTermDebtNoncurrent`	$31.87M	USD	Point-in-time
LONG TERM DEBT	`LongTermDebtNoncurrent`	$24.50M	USD	Point-in-time
LONG-TERM PENSION LIABILITY	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$3.62M	USD	Point-in-time
LONG-TERM PENSION LIABILITY	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$3.54M	USD	Point-in-time
ACQUISITION-RELATED CONTINGENT LIABILITY	`BusinessCombinationContingentConsiderationLiability`	$6.74M	USD	Point-in-time
ACQUISITION-RELATED CONTINGENT LIABILITY	`BusinessCombinationContingentConsiderationLiability`	$6.81M	USD	Point-in-time
ACQUISITION-RELATED CONTINGENT LIABILITY	`BusinessCombinationContingentConsiderationLiability`	$6.84M	USD	Point-in-time
OTHER LONG-TERM LIABILITIES	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$625.00K	USD	Point-in-time
OTHER LONG-TERM LIABILITIES	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$645.00K	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesGrossNoncurrent`	$130.00K	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesGrossNoncurrent`	$150.00K	USD	Point-in-time
Common stock, $.001 par value - authorized 50,000,000 shares, issued and outstanding - 6,592,917 and 6,520,408, respectively.	`CommonStockValue`	$6.00K	USD	Point-in-time
Common stock, $.001 par value - authorized 50,000,000 shares, issued and outstanding - 6,592,917 and 6,520,408, respectively.	`CommonStockValue`	$7.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$25.83M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$26.90M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$49.31M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$49.70M	USD	Point-in-time
Pensions	`AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax`	$3.13M	USD	Point-in-time
Pensions	`AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax`	$3.08M	USD	Point-in-time
Cash flow hedges	`AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax`	$-99.00K	USD	Point-in-time
Cash flow hedges	`AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax`	$-85.00K	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$71.94M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$73.43M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$125.49M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$132.24M	USD	Point-in-time
Finished goods	`InventoryFinishedGoods`	$42.10M	USD	Point-in-time
Finished goods	`InventoryFinishedGoods`	$37.26M	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$51.00K	USD	Point-in-time
Work in process	`InventoryWorkInProcess`	$111.00K	USD	Point-in-time
Raw materials	`InventoryRawMaterials`	$12.12M	USD	Point-in-time
Raw materials	`InventoryRawMaterials`	$12.54M	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`	$41.03M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$26.97M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$19.67M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$12.08M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$9.56M	USD	1 Quarter
Interest expense	`InterestExpense`	$7.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$95.00K	USD	1 Quarter
CostsAndExpenses	`CostsAndExpenses`	$29.24M	USD	1 Quarter
CostsAndExpenses	`CostsAndExpenses`	$39.15M	USD	1 Quarter
Income before taxes on income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.88M	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`	$660.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.22M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.23M	USD	1 Quarter
(Basic) (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	6.56M	shares	1 Quarter
(Basic) (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	6.12M	shares	1 Quarter
(Diluted) (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.78M	shares	1 Quarter
(Diluted) (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	6.17M	shares	1 Quarter
Net income (in Dollars per share)	`EarningsPerShareBasic`	$0.20	USD	1 Quarter
Net income (in Dollars per share)	`EarningsPerShareBasic`	$0.19	USD	1 Quarter
Net income (in Dollars per share)	`EarningsPerShareDiluted`	$0.18	USD	1 Quarter
Net income (in Dollars per share)	`EarningsPerShareDiluted`	$0.20	USD	1 Quarter
Amortization of prior service costs included in net periodic pension costs	`OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax`	$2.00K	USD	1 Quarter
Recognition of net losses included in net periodic pension costs	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax`	$-52.00K	USD	1 Quarter
Recognition of net losses included in net periodic pension costs	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax`	$-190.00K	USD	1 Quarter
Loss on cash flow hedging activities	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-14.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$192.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$38.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.26M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.42M	USD	1 Quarter
Cash dividends per common share (in Dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.14	USD	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.22M	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.23M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$349.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$938.00K	USD	1 Quarter
Provision for bad debts - accounts receivable	`ProvisionForDoubtfulAccounts`	$53.00K	USD	1 Quarter
Provision for bad debts - accounts receivable	`ProvisionForDoubtfulAccounts`	$27.00K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$827.00K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$590.00K	USD	1 Quarter
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$276.00K	USD	1 Quarter
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-503.00K	USD	1 Quarter
Gain on sales of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$49.00K	USD	1 Quarter
Accretion of acquisition-related contingent liability	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$32.00K	USD	1 Quarter
Accounts receivable - trade	`IncreaseDecreaseInAccountsReceivable`	$785.00K	USD	1 Quarter
Accounts receivable - trade	`IncreaseDecreaseInAccountsReceivable`	$690.00K	USD	1 Quarter
Accounts receivable - other	`IncreaseDecreaseInAccountsAndOtherReceivables`	$678.00K	USD	1 Quarter
Accounts receivable - other	`IncreaseDecreaseInAccountsAndOtherReceivables`	$317.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$94.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$5.21M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.46M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-129.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-7.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-19.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.48M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-383.00K	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-3.93M	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-379.00K	USD	1 Quarter
Pension liability	`IncreaseDecreaseInPensionPlanObligations`	$3.00K	USD	1 Quarter
Pension liability	`IncreaseDecreaseInPensionPlanObligations`	$367.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$20.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-36.00K	USD	1 Quarter
Net cash flows (used in) provided from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$308.00K	USD	1 Quarter
Net cash flows (used in) provided from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-7.26M	USD	1 Quarter
Additions to property, plant and equipment	`PropertyPlantAndEquipmentAdditions`	$-809.00K	USD	1 Quarter
Additions to property, plant and equipment	`PropertyPlantAndEquipmentAdditions`	$-554.00K	USD	1 Quarter
Disposals of property, plant and equipment	`PropertyPlantAndEquipmentDisposals`	$-75.00K	USD	1 Quarter
Disposals of property, plant and equipment	`PropertyPlantAndEquipmentDisposals`	$-2.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-734.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-552.00K	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$18.45M	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$8.72M	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$10.77M	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$8.60M	USD	1 Quarter
Payment of cash dividends	`DividendsCash`	$-833.00K	USD	1 Quarter
Proceeds received on exercise of stock options	`ProceedsFromStockOptionsExercised`	$236.00K	USD	1 Quarter
Proceeds received on exercise of stock options	`ProceedsFromStockOptionsExercised`	$63.00K	USD	1 Quarter
Excess tax benefit from exercise of stock options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$6.00K	USD	1 Quarter
Net cash provided from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$7.09M	USD	1 Quarter
Net cash provided from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$183.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-902.00K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-61.00K	USD	1 Quarter
Cash and cash equivalents balance, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$3.55M	USD	Point-in-time
Cash and cash equivalents balance, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$5.32M	USD	Point-in-time
Cash and cash equivalents balance, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$3.49M	USD	Point-in-time
Cash and cash equivalents balance, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$4.41M	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`	$5.32M	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`	$4.41M	USD	Point-in-time

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