SUPERIOR GROUP OF COMPANIES INC
For the period ended Mar 31, 2024. Filed May 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 7, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Shareholders’ Equity (Unaudited)
SUPERIOR GROUP OF COMPANIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
THREE MONTHS ENDED March 31, 2024 AND 2023
(Unaudited)
(In thousands, except shares and per share data)
| Accumulated | ||||||
|---|---|---|---|---|---|---|
| Other | ||||||
| Additional · Comprehensive · Total | ||||||
| Common | Common | Paid-In | Retained | Income (Loss), | Shareholders’ | |
| Shares | Stock | Capital | Earnings | net of tax | Equity | |
| Balance, January 1, 2023 | 16,376,683 | $16 | $72,615 | $122,979 | $(3,011) | $192,599 |
| Common shares issued upon exercise of options and SARs, net | 4,604 | - | 35 | - | - | 35 |
| Restricted shares issued, net of forfeitures | 117,025 | - | - | - | - | - |
| Share-based compensation expense | - | - | 1,080 | - | - | 1,080 |
| Cash dividends declared ($0.14 per share) | - | - | - | (2,295) | - | (2,295) |
| Comprehensive income: | ||||||
| Net income | - | - | - | 888 | - | 888 |
| Pensions, net of taxes of $14 | - | - | - | - | 41 | 41 |
| Change in currency translation adjustment, net of taxes of $0 | - | - | - | - | 307 | 307 |
| Balance, March 31, 2023 | 16,498,312 | $16 | $73,730 | $121,572 | $(2,663) | $192,655 |
| Balance, January 1, 2024 | 16,564,712 | $16 | $77,443 | $122,464 | $(2,285) | $197,638 |
| Common shares issued upon exercise of options and SARs, net | 53,311 | - | 549 | (100) | - | 449 |
| Performance based shares issued | 9,896 | - | - | - | - | - |
| Restricted shares issued, net of forfeitures | 115,804 | - | - | - | - | - |
| Share-based compensation expense | - | - | 1,015 | - | - | 1,015 |
| Written put options | - | - | 595 | - | - | 595 |
| Cash dividends declared ($0.14 per share) | - | - | - | (2,330) | - | (2,330) |
| Comprehensive income (loss): | ||||||
| Net income | - | - | - | 3,912 | - | 3,912 |
| Pensions, net of taxes of $7 | - | - | - | - | 23 | 23 |
| Change in currency translation adjustment, net of taxes of $0 | - | - | - | - | (481) | (481) |
| Balance, March 31, 2024 | 16,743,723 | $16 | $79,602 | $123,946 | $(2,743) | $200,821 |
See accompanying Notes to the Condensed Consolidated Financial Statements.
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