Superior Group of Companies Inc 2025年季度报告

Financial Statements Consolidated Statements of Comprehensive Income (Unaudited)Consolidated Balance Sheets (Unaudited)Consolidated Statements of Shareholders’ Equity (Unaudited)Consolidated Statements of Cash Flows (Unaudited)Condensed Notes to the Consolidated Financial Statements (Unaudited)Note1 - Description of Business and Basis of PresentationNote 2 - Operating Segment InformationNote 3 - Net SalesNote 4 - Net (Loss) Income Per ShareNote 5 - Long-Term DebtNote 6 - Contingencies and Geographic Supply ConsiderationsNote 7 - InventoriesNote 8 - Income TaxesNote 9 - Other Information SUPERIOR GROUP OF COMPANIES, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME Table of Contents Superior Group of Companies, Inc. and SubsidiariesCondensed Notes to theConsolidated Financial Statements (Unaudited) NOTE1– Description of Business and Basis of Presentation: Description of business Superior Group of Companies, Inc. (together with its subsidiaries, “the Company,” “Superior,” “we,” “our,” or “us”) was organized in1920and wasincorporated in1922as a New York company under the name Superior Surgical Mfg. Co., Inc. In1998,the Company changed its name to SuperiorUniform Group, Inc. and redomiciledto Florida. Effective onMay 3, 2018,Superior Uniform Group, Inc. changed its name to Superior Group of Superior’s Branded Products segment, primarily through its signature marketing brands BAMKO® and HPI®, produces and sells customizedmerchandising solutions, promotional products and branded uniform programs. Branded products are manufactured throughthirdparties or inSuperior’s own facilities, and are sold to customers in a wide range of industries, including retail chain, food service, entertainment, technology, Superior’s Healthcare Apparel segment, primarily through its signature marketing brands Fashion Seal Healthcare®, Wink® and CID Resources,manufactures (throughthirdparties or in its own facilities) and sells a wide range of healthcare apparel, such as scrubs, lab coats, protective apparel and Superior’s Contact Centerssegment, through multiple The Office Gurus® entities, including subsidiaries in El Salvador, Belize, Jamaica, DominicanRepublic and the United States (collectively, “TOG”),provides outsourced, nearshore business process outsourcing, contact and call-center support Basis of presentation The accompanying unaudited consolidated financial statements of Superior included herein have been prepared in accordance with generally acceptedaccounting principles in the United States of America ("GAAP") and the rules and regulations of the Securities and Exchange Commission (the "SEC").Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generallyaccepted in the United States of America have been condensed or omitted pursuant to such rules and regulations. Intercompany items have been The Company refersto the consolidated financial statements collectively as “financial statements,” and individually as “statements of comprehensiveincome,”“balance sheets,”“statements of shareholders’ equity,”and “statements of cash flows” herein. Reclassifications The accompanying financial statements for the prior year period contain certain reclassifications. Reclassifications only impact items within ourstatements of comprehensive income, our statements of shareholders' equity, our statements of cash flows and Note7Inventories. These reclassifications Table of Contents Recently Issued Accounting PronouncementsNotYet Adopted InDecember 2023,the FASB issued ASU2023-09,"Income Taxes (Topic740)—Improvements to Income Tax Disclosures". The ASU requires that anentity disclose specific categories in the effective tax rate reconciliation as well as provide additional information for reconciling items that meet aquantitative threshold. Further, the ASU requires certain disclosures of state versus federal income tax expense and taxes paid. The amendments in thisASU are required to be adopted for fiscal years beginning afterDecember 15, 2024,which for the Company is the calendar year beginningJanuary 1, InNovember 2024,the FASB issued ASU2024-03,“Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures(Subtopic220-40): Disaggregation of Income Statement Expenses“The ASU requires the disclosure of additional information about specific categoriesof costs and expenses in the notes to the consolidated financial statements. This guidance is effective for annual periods beginning afterDecember 15, Table of Contents NOTE2–Operating Segment Information: The Company manages and reports the following segments: Branded Products segment:Primarily through our signature marketing brands BAMKO® and HPI®, we produce and sell customized merchandisingsolutions, promotional products and branded uniform programs. Branded products are sold to customers in a wide range of industries, including retail Healthcare App