SUPERIOR GROUP OF COMPANIES INC
For the period ended Sep 30, 2024. Filed Nov 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.
Sep 30, 2024 · Filed Nov 7, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Shareholders’ Equity (Unaudited)
SUPERIOR GROUP OF COMPANIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
THREE MONTHS ENDED September 30, 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, July 1, 2023 | 16,499,312 | $16 | $75,078 | $120,490 | $(2,345) | $193,239 |
| Common shares issued upon exercise of options and SARs, net | 6,514 | - | 54 | - | - | 54 |
| Share-based compensation expense | - | - | 1,103 | - | - | 1,103 |
| Written put options | - | - | 280 | - | - | 280 |
| Cash dividends declared ($0.14 per share) | - | - | - | (2,296) | - | (2,296) |
| Comprehensive income: | ||||||
| Net income | - | - | - | 3,114 | - | 3,114 |
| Pensions, net of taxes of $13 | - | - | - | - | 41 | 41 |
| Change in currency translation adjustment, net of taxes of $0 | - | - | - | - | (424) | (424) |
| Balance, September 30, 2023 | 16,505,826 | $16 | $76,515 | $121,308 | $(2,728) | $195,111 |
| Balance, July 1, 2024 | 16,792,577 | $16 | $82,759 | $122,106 | $(3,971) | $200,910 |
| Common shares issued upon exercise of options and SARs, net | 3,092 | - | 42 | - | - | 42 |
| Common shares repurchased and retired | (451,786) | - | (2,227) | (4,120) | - | (6,347) |
| Restricted shares issued, net of forfeitures | (11,921) | - | - | - | - | - |
| Share-based compensation expense | - | - | 1,285 | - | - | 1,285 |
| Cash dividends declared ($0.14 per share) | - | - | - | (2,337) | - | (2,337) |
| Comprehensive income (loss): | ||||||
| Net income | - | - | - | 5,403 | - | 5,403 |
| Pensions, net of taxes of $8 | - | - | - | - | 23 | 23 |
| Change in currency translation adjustment, net of taxes of $0 | - | - | - | - | 530 | 530 |
| Balance, September 30, 2024 | 16,331,962 | $16 | $81,859 | $121,052 | $(3,418) | $199,509 |
See accompanying Notes to the Condensed Consolidated Financial Statements.
SUPERIOR GROUP OF COMPANIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
NINE MONTHS ENDED September 30, 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 | 12,118 | - | 97 | - | - | 97 |
| Restricted shares issued, net of forfeitures | 117,025 | - | - | - | - | - |
| Share-based compensation expense | - | - | 3,523 | - | - | 3,523 |
| Written put options | - | - | 280 | - | - | 280 |
| Cash dividends declared ($0.42 per share) | - | - | - | (6,886) | - | (6,886) |
| Comprehensive income: | ||||||
| Net income | - | - | - | 5,215 | - | 5,215 |
| Pensions, net of taxes of $41 | - | - | - | - | 123 | 123 |
| Change in currency translation adjustment, net of taxes of $0 | - | - | - | - | 160 | 160 |
| Balance, September 30, 2023 | 16,505,826 | $16 | $76,515 | $121,308 | $(2,728) | $195,111 |
| 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 | 116,438 | - | 1,331 | (213) | - | 1,118 |
| Common shares repurchased and retired | (451,786) | (2,227) | (4,120) | - | (6,347) | |
| Performance based shares issued | 9,896 | - | - | - | - | - |
| Restricted shares issued, net of forfeitures | 92,702 | - | - | - | - | - |
| Share-based compensation expense | - | - | 2,905 | - | - | 2,905 |
| Written put options | - | - | 2,407 | - | - | 2,407 |
| Cash dividends declared ($0.42 per share) | - | - | - | (6,994) | - | (6,994) |
| Comprehensive income (loss): | ||||||
| Net income | - | - | - | 9,915 | - | 9,915 |
| Pensions, net of taxes of $23 | - | - | - | - | 68 | 68 |
| Change in currency translation adjustment, net of taxes of $0 | - | - | - | - | (1,201) | (1,201) |
| Balance, September 30, 2024 | 16,331,962 | $16 | $81,859 | $121,052 | $(3,418) | $199,509 |
See accompanying Notes to the Condensed Consolidated Financial Statements.
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