10-Q Filing

SUPERIOR GROUP OF COMPANIES, INC. CIK: 95574 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001437749-15-007832`
Period End Date	20150331
Filing Date	20150422
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	sgc-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 87 Income Statement 34 Cash Flow Statement 61

Balance Sheet 87 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$670.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$680.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.32M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.41M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.59M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.02M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	300,000.00	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $670,000 and $680,000, respectively	`AccountsReceivableNetCurrent`	$27.96M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $670,000 and $680,000, respectively	`AccountsReceivableNetCurrent`	$27.09M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	300,000.00	shares	Point-in-time
Accounts receivable - other	`OtherReceivables`	$4.57M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts receivable - other	`OtherReceivables`	$4.13M	USD	Point-in-time
Common stock par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.50M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$6.73M	USD	Point-in-time
Common stock par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Inventories	`InventoryNet`	$59.92M	USD	Point-in-time
Inventories	`InventoryNet`	$58.28M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	13.51M	shares	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$103.33M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$99.46M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	13.61M	shares	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$16.29M	USD	Point-in-time
PROPERTY, PLANT AND EQUIPMENT, NET	`PropertyPlantAndEquipmentNet`	$16.74M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	13.51M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	13.61M	shares	Point-in-time
OTHER INTANGIBLE ASSETS, NET	`OtherIntangibleAssetsNet`	$16.29M	USD	Point-in-time
OTHER INTANGIBLE ASSETS, NET	`OtherIntangibleAssetsNet`	$15.77M	USD	Point-in-time
GOODWILL	`Goodwill`	$4.13M	USD	Point-in-time
GOODWILL	`Goodwill`	$4.13M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$3.55M	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$3.64M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$139.00K	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$137.00K	USD	Point-in-time
Assets	`Assets`	$139.94M	USD	Point-in-time
Assets	`Assets`	$143.66M	USD	Point-in-time
Assets	`Assets`	$132.24M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.85M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$9.71M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$6.14M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$8.99M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$2.38M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$2.75M	USD	Point-in-time
Current portion of acquisition-related contigent liability	`BusinessCombinationContingentConsiderationLiability`	$3.15M	USD	Point-in-time
Current portion of acquisition-related contigent liability	`BusinessCombinationContingentConsiderationLiability`	$1.19M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$22.27M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$22.90M	USD	Point-in-time
LONG TERM DEBT	`LongTermDebtNoncurrent`	$25.25M	USD	Point-in-time
LONG TERM DEBT	`LongTermDebtNoncurrent`	$22.66M	USD	Point-in-time
LONG-TERM PENSION LIABILITY	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$8.01M	USD	Point-in-time
LONG-TERM PENSION LIABILITY	`DefinedBenefitPensionPlanLiabilitiesNoncurrent`	$8.08M	USD	Point-in-time
LONG-TERM ACQUISITION-RELATED CONTINGENT LIABILITY	`BusinessCombinationContingentConsiderationLiabilityNoncurrent`	$3.81M	USD	Point-in-time
LONG-TERM ACQUISITION-RELATED CONTINGENT LIABILITY	`BusinessCombinationContingentConsiderationLiabilityNoncurrent`	$5.75M	USD	Point-in-time
OTHER LONG-TERM LIABILITIES	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$580.00K	USD	Point-in-time
OTHER LONG-TERM LIABILITIES	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$600.00K	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$221.00K	USD	Point-in-time
DEFERRED INCOME TAXES	`DeferredTaxLiabilitiesNoncurrent`	$191.00K	USD	Point-in-time
Preferred stock, $.001 par value - authorized 300,000 shares (none issued)	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.001 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 - 13,614,569 and 13,514,566, respectively.	`CommonStockValue`	$14.00K	USD	Point-in-time
Common stock, $.001 par value - authorized 50,000,000 shares, issued and outstanding - 13,614,569 and 13,514,566, respectively.	`CommonStockValue`	$13.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$30.87M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$29.50M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$57.83M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$56.84M	USD	Point-in-time
Pensions	`AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax`	$5.71M	USD	Point-in-time
Pensions	`AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax`	$5.83M	USD	Point-in-time
Cash flow hedges	`AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax`	$-111.00K	USD	Point-in-time
Cash flow hedges	`AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax`	$-133.00K	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$80.41M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$82.87M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$139.94M	USD	Point-in-time
LiabilitiesAndStockholdersEquity	`LiabilitiesAndStockholdersEquity`	$143.66M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$44.61M	USD	Point-in-time
Finished goods	`InventoryFinishedGoodsNetOfReserves`	$46.61M	USD	Point-in-time
Work in process	`InventoryWorkInProcessNetOfReserves`	$323.00K	USD	Point-in-time
Work in process	`InventoryWorkInProcessNetOfReserves`	$857.00K	USD	Point-in-time
Raw materials	`InventoryRawMaterials`	$12.45M	USD	Point-in-time
Raw materials	`InventoryRawMaterials`	$13.35M	USD	Point-in-time
InventoryNet	`InventoryNet`	$59.92M	USD	Point-in-time
InventoryNet	`InventoryNet`	$58.28M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$46.35M	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`	$30.55M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$12.08M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$12.44M	USD	1 Quarter
Interest expense	`InterestExpense`	$136.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$95.00K	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$39.15M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$43.12M	USD	1 Quarter
Income before taxes on income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.88M	USD	1 Quarter
Income before taxes on income	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$3.22M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$1.18M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$660.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.22M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.04M	USD	1 Quarter
(Basic) (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	13.58M	shares	1 Quarter
(Basic) (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	13.13M	shares	1 Quarter
(Diluted) (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	14.55M	shares	1 Quarter
(Diluted) (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	13.55M	shares	1 Quarter
Net income (in dollars per share)	`EarningsPerShareBasic`	$0.09	USD	1 Quarter
Net income (in dollars per share)	`EarningsPerShareBasic`	$0.15	USD	1 Quarter
Net income (in dollars per share)	`EarningsPerShareDiluted`	$0.14	USD	1 Quarter
Net income (in dollars per share)	`EarningsPerShareDiluted`	$0.09	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`	$128.00K	USD	1 Quarter
Loss on cash flow hedging activities	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-14.00K	USD	1 Quarter
Loss on cash flow hedging activities	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-22.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$38.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$106.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$2.15M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.26M	USD	1 Quarter
Cash dividends per common share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.07	USD	1 Quarter
Cash dividends per common share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.07	USD	1 Quarter

Cash Flow Statement 61 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$1.22M	USD	1 Quarter
Net income	`NetIncomeLoss`	$2.04M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$938.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$953.00K	USD	1 Quarter
Provision for bad debts - accounts receivable	`ProvisionForDoubtfulAccounts`	$53.00K	USD	1 Quarter
Provision for bad debts - accounts receivable	`ProvisionForDoubtfulAccounts`	$59.00K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$827.00K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$824.00K	USD	1 Quarter
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$276.00K	USD	1 Quarter
Deferred income tax provision	`DeferredIncomeTaxExpenseBenefit`	$62.00K	USD	1 Quarter
Loss (gain) on sales of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-12.00K	USD	1 Quarter
Loss (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
Accretion of acquisition-related contingent liability	`BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1`	$33.00K	USD	1 Quarter
Accounts receivable - trade	`IncreaseDecreaseInAccountsReceivable`	$-804.00K	USD	1 Quarter
Accounts receivable - trade	`IncreaseDecreaseInAccountsReceivable`	$785.00K	USD	1 Quarter
Accounts receivable - other	`IncreaseDecreaseInAccountsAndOtherReceivables`	$678.00K	USD	1 Quarter
Accounts receivable - other	`IncreaseDecreaseInAccountsAndOtherReceivables`	$435.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$5.21M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$1.64M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.46M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.23M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$2.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-7.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.14M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.48M	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-2.89M	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherCurrentLiabilities`	$-3.93M	USD	1 Quarter
Long-term pension liability	`IncreaseDecreaseInPensionPlanObligations`	$127.00K	USD	1 Quarter
Long-term pension liability	`IncreaseDecreaseInPensionPlanObligations`	$3.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$20.00K	USD	1 Quarter
Other long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$20.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-7.26M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.11M	USD	1 Quarter
Additions to property, plant and equipment	`PropertyPlantAndEquipmentAdditions`	$-906.00K	USD	1 Quarter
Additions to property, plant and equipment	`PropertyPlantAndEquipmentAdditions`	$-809.00K	USD	1 Quarter
Proceeds from disposals of property, plant and equipment	`PropertyPlantAndEquipmentDisposals`	$-75.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-734.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-906.00K	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$18.45M	USD	1 Quarter
Proceeds from long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$13.22M	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$10.77M	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$10.26M	USD	1 Quarter
Payment of cash dividends	`DividendsCash`	$-1.00M	USD	1 Quarter
Payment of cash dividends	`DividendsCash`	$-833.00K	USD	1 Quarter
Proceeds received on exercise of stock options	`ProceedsFromStockOptionsExercised`	$356.00K	USD	1 Quarter
Proceeds received on exercise of stock options	`ProceedsFromStockOptionsExercised`	$236.00K	USD	1 Quarter
Excess tax benefit from exercise of stock options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$6.00K	USD	1 Quarter
Excess tax benefit from exercise of stock options	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$132.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.45M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$7.09M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$433.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-902.00K	USD	1 Quarter
Cash and cash equivalents balance, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$5.32M	USD	Point-in-time
Cash and cash equivalents balance, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$4.41M	USD	Point-in-time
Cash and cash equivalents balance, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$4.59M	USD	Point-in-time
Cash and cash equivalents balance, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$5.02M	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`	$4.41M	USD	Point-in-time
Cash and cash equivalents balance, end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.59M	USD	Point-in-time
Cash and cash equivalents balance, end of period	`CashAndCashEquivalentsAtCarryingValue`	$5.02M	USD	Point-in-time

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