Document And Entity Information
Document And Entity Information - shares | 6 Months Ended | |
Jun. 30, 2022 | Jul. 28, 2022 | |
Document Information [Line Items] | ||
Entity Central Index Key | 0000095574 | |
Entity Registrant Name | SUPERIOR GROUP OF COMPANIES, INC. | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2022 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Jun. 30, 2022 | |
Document Transition Report | false | |
Entity File Number | 001-05869 | |
Entity Incorporation, State or Country Code | FL | |
Entity Tax Identification Number | 11-1385670 | |
Entity Address, Address Line One | 10055 Seminole Boulevard | |
Entity Address, City or Town | Seminole | |
Entity Address, State or Province | FL | |
Entity Address, Postal Zip Code | 33772-2539 | |
City Area Code | 727 | |
Local Phone Number | 397-9611 | |
Title of 12(b) Security | Common Stock $0.001 par value per share | |
Trading Symbol | SGC | |
Security Exchange Name | NASDAQ | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 16,318,059 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |
Net sales | $ 147,933 | $ 130,787 | $ 291,515 | $ 271,634 |
Costs and expenses: | ||||
Cost of goods sold | 99,800 | 83,629 | 193,601 | 175,433 |
Selling and administrative expenses | 45,969 | 33,906 | 88,183 | 69,017 |
Goodwill impairment charge | 24,458 | 0 | 24,458 | 0 |
Intangible assets impairment charge | 5,581 | 0 | 5,581 | 0 |
Other periodic pension costs | 528 | 440 | 1,056 | 869 |
Pension plan termination charge | 0 | 6,945 | 0 | 6,945 |
Interest expense | 583 | 330 | 882 | 605 |
Costs and Expenses, Excluding Gain on Sale of Property Plant and Equipment | 176,919 | 125,250 | 313,761 | 252,869 |
Income (loss) before taxes on income | (28,986) | 5,537 | (22,246) | 18,765 |
Income tax benefit | (2,311) | (840) | (801) | 1,910 |
Net income (loss) | $ (26,675) | $ 6,377 | $ (21,445) | $ 16,855 |
Net income (loss) per share: | ||||
Net income per share, basic (in dollars per share) | $ (1.70) | $ 0.41 | $ (1.37) | $ 1.10 |
Net income per share, diluted (in dollars per share) | $ (1.70) | $ 0.40 | $ (1.37) | $ 1.05 |
Weighted average shares outstanding during the period: | ||||
Weighted average number of shares outstanding during the period, basic (in shares) | 15,732,264 | 15,433,412 | 15,705,646 | 15,327,374 |
Weighted average number of shares outstanding during the period, diluted (in shares) | 15,732,264 | 16,087,736 | 15,705,646 | 16,039,605 |
Other comprehensive income (loss), net of tax: | ||||
Recognition of net losses included in net periodic pension costs | $ 319 | $ 391 | $ 638 | $ 1,105 |
Recognition of net losses included in pension plan termination charges | 0 | 5,230 | 0 | 5,230 |
Loss on cash flow hedging activities | (5) | (6) | (10) | (11) |
Foreign currency translation adjustment | (763) | 1,033 | 99 | 386 |
Other comprehensive income (loss) | (449) | 6,648 | 727 | 6,710 |
Comprehensive income (loss) | $ (27,124) | $ 13,025 | $ (20,718) | $ 23,565 |
Cash dividends per common share (in dollars per share) | $ 0.14 | $ 0.12 | $ 0.26 | $ 0.22 |
Net sales | $ 147,933 | $ 130,787 | $ 291,515 | $ 271,634 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 |
Current assets: | ||
Cash and cash equivalents | $ 10,305 | $ 8,935 |
Accounts receivable, less allowance for doubtful accounts of $7,248 and $6,393, respectively | 110,375 | 107,053 |
Accounts receivable - other | 4,217 | 5,546 |
Inventories | 127,036 | 120,555 |
Contract assets | 46,088 | 38,018 |
Prepaid expenses and other current assets | 20,367 | 19,162 |
Total current assets | 318,388 | 299,269 |
Property, plant and equipment, net | 52,970 | 49,690 |
Operating lease right-of-use assets | 9,513 | 8,246 |
Deferred tax asset | 1,440 | 0 |
Intangible assets, net | 58,429 | 60,420 |
Goodwill | 21,587 | 39,434 |
Other assets | 11,353 | 13,186 |
Total assets | 473,680 | 470,245 |
Current liabilities: | ||
Accounts payable | 48,569 | 52,340 |
Other current liabilities | 40,630 | 38,989 |
Current portion of long-term debt | 15,286 | 15,286 |
Current portion of acquisition-related contingent liabilities | 1,304 | 4,507 |
Total current liabilities | 105,789 | 111,122 |
Long-term debt | 133,407 | 100,845 |
Long-term pension liability | 15,679 | 15,420 |
Long-term acquisition-related contingent liabilities | 2,754 | 2,569 |
Long-term operating lease liabilities | 4,495 | 3,729 |
Deferred tax liability | 0 | 359 |
Other long-term liabilities | 8,411 | 9,211 |
Commitments and contingencies (Note 6) | ||
Shareholders’ equity: | ||
Preferred stock, $.001 par value - authorized 300,000 shares (none issued) | 0 | 0 |
Common stock, $.001 par value - authorized 50,000,000 shares, issued and outstanding 16,318,059 and 16,127,505 shares, respectively | 16 | 16 |
Additional paid-in capital | 70,629 | 69,351 |
Retained earnings | 137,986 | 163,836 |
Accumulated other comprehensive income (loss), net of tax: | ||
Pensions | (3,939) | (4,577) |
Cash flow hedges | 37 | 47 |
Foreign currency translation adjustment | (1,584) | (1,683) |
Total shareholders’ equity | 203,145 | 226,990 |
Total liabilities and shareholders’ equity | $ 473,680 | $ 470,245 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Unaudited) (Parentheticals) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 |
Accounts receivable, allowance for doubtful accounts | $ 7,248 | $ 6,393 |
Preferred stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Preferred stock, shares authorized (in shares) | 300,000 | 300,000 |
Preferred stock, shares issued (in shares) | 0 | 0 |
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 |
Common stock, shares authorized (in shares) | 50,000,000 | 50,000,000 |
Common stock, shares issued (in shares) | 16,318,059 | 16,127,505 |
Common stock, shares outstanding (in shares) | 16,318,059 | 16,127,505 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) $ in Thousands | Performance Shares [Member] Additional Paid-in Capital [Member] | Performance Shares [Member] | Restricted and Performance Shares [Member] Common Stock [Member] | Restricted and Performance Shares [Member] Additional Paid-in Capital [Member] | Restricted and Performance Shares [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] Retained Earnings [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] | Retained Earnings [Member] | AOCI Attributable to Parent [Member] | Total |
Balance (in shares) at Dec. 31, 2020 | 15,391,660 | |||||||||||
Balance at Dec. 31, 2020 | $ 15 | $ 61,844 | $ 141,972 | $ (12,201) | $ 191,630 | |||||||
Common shares issued upon exercise of options and SARs, net (in shares) | 230,158 | |||||||||||
Common shares issued upon exercise of options and SARs, net | $ 1 | 2,299 | (178) | 2,122 | ||||||||
Performance based shares issued (in shares) | 42,823 | |||||||||||
Performance based shares issued | 0 | |||||||||||
Restricted shares issued (in shares) | 159,889 | |||||||||||
Restricted shares issued | 0 | |||||||||||
Share-based compensation expense | 1,669 | 1,669 | ||||||||||
Tax withheld on vesting of performance based shares | $ (405) | $ (405) | ||||||||||
Cash dividends declared | (3,437) | (3,437) | ||||||||||
Net income (loss) | 16,855 | 16,855 | ||||||||||
Cash flow hedges, net of taxes | (11) | (11) | ||||||||||
Pensions, net of taxes | 6,335 | 6,335 | ||||||||||
Change in currency translation adjustment, net of taxes | 386 | 386 | ||||||||||
Tax benefit from vesting of acquisition-related restricted stock | 171 | 171 | ||||||||||
Balance (in shares) at Jun. 30, 2021 | 15,824,530 | |||||||||||
Balance at Jun. 30, 2021 | $ 16 | 65,578 | 155,212 | (5,491) | 215,315 | |||||||
Balance (in shares) at Mar. 31, 2021 | 15,582,835 | |||||||||||
Balance at Mar. 31, 2021 | $ 15 | 62,773 | 150,734 | (12,139) | 201,383 | |||||||
Common shares issued upon exercise of options and SARs, net (in shares) | 219,412 | |||||||||||
Common shares issued upon exercise of options and SARs, net | $ 1 | 2,001 | (10) | 1,992 | ||||||||
Performance based shares issued (in shares) | 3,148 | |||||||||||
Performance based shares issued | 0 | |||||||||||
Restricted shares issued (in shares) | 19,135 | |||||||||||
Restricted shares issued | 0 | |||||||||||
Share-based compensation expense | 837 | 837 | ||||||||||
Tax withheld on vesting of performance based shares | $ (33) | $ (33) | ||||||||||
Cash dividends declared | (1,889) | (1,889) | ||||||||||
Net income (loss) | 6,377 | 6,377 | ||||||||||
Cash flow hedges, net of taxes | (6) | (6) | ||||||||||
Pensions, net of taxes | 5,621 | 5,621 | ||||||||||
Change in currency translation adjustment, net of taxes | 1,033 | 1,033 | ||||||||||
Balance (in shares) at Jun. 30, 2021 | 15,824,530 | |||||||||||
Balance at Jun. 30, 2021 | $ 16 | 65,578 | 155,212 | (5,491) | $ 215,315 | |||||||
Balance (in shares) at Dec. 31, 2021 | 16,127,505 | 16,127,505 | ||||||||||
Balance at Dec. 31, 2021 | $ (76) | $ (76) | $ 16 | 69,351 | 163,836 | (6,213) | $ 226,990 | |||||
Common shares issued upon exercise of options and SARs, net | 653 | (158) | 495 | |||||||||
Performance based shares issued (in shares) | 11,707 | |||||||||||
Performance based shares issued | 0 | |||||||||||
Restricted shares issued (in shares) | 21,843 | |||||||||||
Restricted shares issued | 0 | |||||||||||
Share-based compensation expense | 2,454 | 2,454 | ||||||||||
Tax withheld on vesting of performance based shares | $ (232) | $ (232) | ||||||||||
Cash dividends declared | (4,171) | (4,171) | ||||||||||
Net income (loss) | (21,445) | (21,445) | ||||||||||
Cash flow hedges, net of taxes | (10) | (10) | ||||||||||
Pensions, net of taxes | 638 | 638 | ||||||||||
Change in currency translation adjustment, net of taxes | 99 | $ 99 | ||||||||||
Common shares issued upon exercise of options and SARs, net (in shares) | 48,011 | 53,417 | ||||||||||
Restricted shares issued in conjunction with acquisition of business | $ 116,550 | |||||||||||
Restricted shares issued in conjunction with acquisition of business | 2,000 | $ 2,000 | ||||||||||
Written put option | (3,597) | $ (3,597) | ||||||||||
Tax withheld on vesting of restricted shares and performance based shares (in shares) | (7,557) | |||||||||||
Balance (in shares) at Jun. 30, 2022 | 16,318,059 | 16,318,059 | ||||||||||
Balance at Jun. 30, 2022 | $ 16 | 70,629 | 137,986 | (5,486) | $ 203,145 | |||||||
Balance (in shares) at Mar. 31, 2022 | 16,171,034 | |||||||||||
Balance at Mar. 31, 2022 | $ 16 | 70,685 | 166,914 | (5,037) | 232,578 | |||||||
Common shares issued upon exercise of options and SARs, net | 299 | 299 | ||||||||||
Performance based shares issued (in shares) | (1,834) | |||||||||||
Restricted shares issued | 0 | |||||||||||
Share-based compensation expense | 1,242 | 1,242 | ||||||||||
Cash dividends declared | (2,253) | (2,253) | ||||||||||
Net income (loss) | (26,675) | (26,675) | ||||||||||
Cash flow hedges, net of taxes | (5) | (5) | ||||||||||
Pensions, net of taxes | 319 | 319 | ||||||||||
Change in currency translation adjustment, net of taxes | (763) | (763) | ||||||||||
Common shares issued upon exercise of options and SARs, net (in shares) | 32,309 | |||||||||||
Restricted shares issued in conjunction with acquisition of business | $ 116,550 | |||||||||||
Restricted shares issued in conjunction with acquisition of business | 2,000 | 2,000 | ||||||||||
Written put option | (3,597) | $ (3,597) | ||||||||||
Balance (in shares) at Jun. 30, 2022 | 16,318,059 | 16,318,059 | ||||||||||
Balance at Jun. 30, 2022 | $ 16 | $ 70,629 | $ 137,986 | $ (5,486) | $ 203,145 |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Shareholders' Equity (Unaudited) (Parentheticals) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |
Cash dividends declared, per share (in dollars per share) | $ 0.14 | $ 0.12 | $ 0.26 | $ 0.22 |
Cash flow hedges, tax | $ 0 | $ 1 | $ 1 | $ 2 |
Pensions, tax | 110 | 2,755 | 220 | 2,641 |
Change in currency translation adjustment, tax | $ 0 | $ 0 | $ 0 | $ 0 |
Condensed Consolidated Statem_4
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net income (loss) | $ (21,445) | $ 16,855 |
Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||
Depreciation and amortization | 6,103 | 4,373 |
Goodwill impairment charge | 24,458 | 0 |
Intangible assets impairment charge | 5,581 | 0 |
Inventory write-downs | 4,795 | 924 |
Provision for bad debts - accounts receivable | 1,282 | 1,244 |
Share-based compensation expense | 2,454 | 1,669 |
Deferred income tax benefit | (2,018) | (2,926) |
Change in fair value of acquisition-related contingent liabilities | 626 | 1,741 |
Defined Benefit Plan, Termination Charge | 0 | 6,945 |
Changes in assets and liabilities, net of acquisition of businesses: | ||
Accounts receivable | (3,025) | (896) |
Accounts receivable - other | 458 | (1,392) |
Contract assets | (8,176) | (1,868) |
Inventories | (9,377) | (9,662) |
Prepaid expenses and other current assets | (925) | (2,565) |
Other assets | 1,812 | (1,401) |
Accounts payable and other current liabilities | (7,325) | (14,535) |
Payment of acquisition-related contingent liabilities | (3,346) | (4,220) |
Long-term pension liability | 1,116 | 384 |
Other long-term liabilities | (693) | 2,320 |
Net cash used in operating activities | (7,645) | (3,010) |
CASH FLOWS FROM INVESTING ACTIVITIES | ||
Additions to property, plant and equipment | (7,039) | (11,326) |
Acquisition of businesses | (11,202) | (6,026) |
Net cash used in investing activities | (18,241) | (17,352) |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Proceeds from borrowings of debt | 117,790 | 127,574 |
Repayment of debt | (85,299) | (101,801) |
Payment of cash dividends | (4,171) | (3,437) |
Payment of acquisition-related contingent liabilities | (1,416) | (1,641) |
Proceeds received on exercise of stock options | 495 | 2,122 |
Tax withholdings on vesting of restricted shares and performance based shares | (232) | (405) |
Tax benefit from vesting of acquisition-related restricted stock | 0 | 171 |
Net cash provided by financing activities | 27,167 | 22,583 |
Effect of currency exchange rates on cash | 89 | 137 |
Net increase in cash and cash equivalents | 1,370 | 2,358 |
Cash and cash equivalents balance, beginning of period | 8,935 | 5,172 |
Cash and cash equivalents balance, end of period | $ 10,305 | $ 7,530 |
Note 1 - Description of Busines
Note 1 - Description of Business and Basis of Presentation | 6 Months Ended |
Jun. 30, 2022 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | 1 : Description of business Superior Group of Companies, Inc. (together with its subsidiaries, “the Company,” “Superior,” “we,” “our,” or “us”) was organized in 1920 1922 1998, May 3, 2018, Superior’s Branded Products segment, primarily through its signature marketing brands BAMKO® and HPI®, produces and sells customized merchandising solutions, promotional products and branded uniform programs. Branded products are sold to customers in a wide range of industries, including retail, hotel, food service, entertainment, tech, transportation and other industries. The segment currently has sales offices in the United States, Brazil and Canada, with support services in China and India. Superior’s Healthcare Apparel segment, primarily through its signature marketing brands Fashion Seal Healthcare® and WonderWink®, manufactures (through third Superior’s Contact Centers segment, through multiple The Office Gurus® entities, including subsidiaries in El Salvador, Belize, Jamaica, Dominican Republic and the United States (collectively, “TOG”), provides outsourced, nearshore business process outsourcing, contact and call-center support services to North American customers. Change in Reportable Segments Beginning with the second 2022, not no Note 10 Note 11 Basis of presentation The accompanying unaudited financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations. Intercompany items have been eliminated in consolidation. These condensed consolidated financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Company’s Annual Report on Form 10 December 31, 2021 not The Company refers to the condensed consolidated financial statements collectively as “financial statements,” and individually as “statements of comprehensive income (loss),” “balance sheets,” “statements of shareholders’ equity,” and “statements of cash flows” herein. Reclassifications The accompanying financial statements for the previous year contain certain reclassifications to conform to the presentation used in the current period. Reclassifications only impact items within net cash used in operating activities and Note 11 no Recent Accounting Pronouncements We consider the applicability and impact of all Accounting Standard Updates (“ASUs”). ASUs not not Recently Adopted Accounting Pronouncements In June 2016, 2016 13, Financial Instruments—Credit Losses (Topic 326 ” January 1, 2022 not Recently Issued Accounting Pronouncements Not In March 2020, 2020 04, Reference Rate Reform (Topic 848 may not may December 31, 2022. |
Note 2 - Inventories
Note 2 - Inventories | 6 Months Ended |
Jun. 30, 2022 | |
Notes to Financial Statements | |
Inventory Disclosure [Text Block] | NOTE 2 Inventories consisted of the following amounts (in thousands): June 30, December 31, 2022 2021 Finished goods $ 97,835 $ 90,395 Work in process 1,008 1,351 Raw materials 28,193 28,809 Inventories $ 127,036 $ 120,555 |
Note 3 - Long-term Debt
Note 3 - Long-term Debt | 6 Months Ended |
Jun. 30, 2022 | |
Notes to Financial Statements | |
Long-Term Debt [Text Block] | 3 Debt consisted of the following (in thousands): June 30, December 31, 2022 2021 Credit Facilities: Revolving credit facility due February 2026 $ 101,651 $ 61,517 Term loan due February 2024 (“2017 Term Loan”) 12,000 15,000 Term loan due January 2026 (“2018 Term Loan”) 35,595 40,238 149,246 116,755 Less: Payments due within one year included in current liabilities 15,286 15,286 Debt issuance costs 553 624 Long-term debt less current maturities $ 133,407 $ 100,845 The Company is party to a credit agreement with Truist Bank, consisting of a revolving credit facility, a term loan maturing in February 2024 ( “2017 January 2026 ( “2018 2017 2018 On February 8, 2021, February 8, 2026. 2017 2018 zero not Obligations outstanding under the 2018 June 30, 2022 2017 one 2017 June 30, 2022 June 30, 2022 Contractual principal payments for the 2017 2022 2023 2024 2018 2022 2023 2025 2026 not The Credit Agreement contains customary events of default and negative covenants, including but not 1.25:1 not 5.0:1. June 30, 2022 The Company is a party to an interest rate swap with a total notional value of $5.3 million as of June 30, 2022 February 2024. not six June 30, 2022 six June 30, 2021 |
Note 4 - Periodic Pension Expen
Note 4 - Periodic Pension Expense | 6 Months Ended |
Jun. 30, 2022 | |
Notes to Financial Statements | |
Retirement Benefits [Text Block] | N OTE 4 – Periodic Pension Expense: The Company is the sponsor of an unfunded supplemental executive retirement plan in which several employees participate. The Company had previously sponsored two noncontributory qualified defined benefit pension plans, providing for normal retirement at age 65, covering all eligible employees (as defined). During 2021, The following table details the net periodic pension expense under the Company’s plans for the periods presented (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Service cost - benefits earned during the period $ 51 $ 46 $ 102 $ 92 Interest cost on projected benefit obligation 100 153 200 340 Expected return on plan assets - (239 ) - (597 ) Recognized actuarial loss 428 526 856 1,126 Pension plan termination charge - 6,945 - 6,945 Net periodic pension cost $ 579 $ 7,431 $ 1,158 $ 7,906 The service cost component is included in selling and administrative expenses in our statements of comprehensive income (loss) and the other components of net periodic pension cost are included in other periodic pension costs in our statements of comprehensive income (loss). In the second 2021, two three six June 30, 2021, not |
Note 5 - Net Sales
Note 5 - Net Sales | 6 Months Ended |
Jun. 30, 2022 | |
Notes to Financial Statements | |
Revenue from Contract with Customer [Text Block] | NOTE 5 For our Branded Products and Healthcare Apparel segments, revenue is primarily generated from the sale of finished products to customers. Revenues for our Branded Products and Healthcare Apparel segments are recognized when the performance obligations under the contract terms are satisfied. For certain contracts with customers in which the Company has an enforceable right to payment for goods with no not 19 For our Contact Centers segment, revenue is generated from providing our customers with contact center services. Revenue for our Contact Centers segment is recognized as services are delivered. Revenue is measured at the amount of consideration we expect to receive in exchange for the goods or services. Variable consideration for estimated returns, allowances and other price variances is recorded based upon historical experience and current allowance programs. Contract terms may not not one one Consistent with the Company’s change in reportable segments described in Note 10 Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Branded Products Segment: Branded products $ 101,078 $ 74,567 $ 194,245 $ 146,399 Personal protective equipment 961 4,654 4,877 26,614 Total Branded Products Segment $ 102,039 $ 79,221 $ 199,122 $ 173,013 Healthcare Apparel Segment: Healthcare apparel $ 25,635 $ 35,593 $ 55,493 $ 66,446 Personal protective equipment 653 2,057 1,363 6,854 Total Healthcare Apparel Segment $ 26,288 $ 37,650 $ 56,856 $ 73,300 Contact Centers Segment: Contact centers services $ 21,466 $ 15,653 $ 39,440 $ 28,683 Net intersegment eliminations (1,860 ) (1,737 ) (3,903 ) (3,362 ) Total Contact Centers Segment $ 19,606 $ 13,916 $ 35,537 $ 25,321 Consolidated Net Sales $ 147,933 $ 130,787 $ 291,515 $ 271,634 Contract Assets and Contract Liabilities The following table provides information about accounts receivable, contract assets and contract liabilities from contracts with customers (in thousands): June 30, December 31, 2022 2021 Accounts receivable $ 110,375 $ 107,053 Current contract assets 46,088 38,018 Current contract liabilities 7,910 8,804 Contract assets relate to goods produced without an alternative use for which the Company has an enforceable right to payment but which has not December 31, 2021 six June 30, 2022 six June 30, 2022 December 31, 2021 |
Note 6 - Contingencies
Note 6 - Contingencies | 6 Months Ended |
Jun. 30, 2022 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | NOTE 6 – Contingencies: The purchase price to acquire substantially all of the assets of Sutter’s Mill Specialties, Inc. (“Sutter’s Mill”) in 2021 2022 2024. June 30, 2022 second 2023. May 2022 April 2025. June 30, 2022 may may The Company is involved in various legal actions and claims arising from the normal course of business. In the opinion of management, the ultimate outcome of these matters is not |
Note 7 - Share-based Compensati
Note 7 - Share-based Compensation | 6 Months Ended |
Jun. 30, 2022 | |
Notes to Financial Statements | |
Share-Based Payment Arrangement [Text Block] | NOTE 7 : Share-based compensation is recorded in selling and administrative expense in the statements of comprehensive income (loss). The following table details the share-based compensation expense by type of award for the periods presented (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Stock options and SARs $ 381 $ 326 $ 741 $ 778 Restricted stock 985 435 1,604 638 Performance shares (124 ) 76 109 253 Total share-based compensation expense $ 1,242 $ 837 $ 2,454 $ 1,669 Stock Options and Stock Appreciation Rights (“SARs”) The Company grants stock options and stock-settled SARs to employees that allow them to purchase shares of the Company’s common stock. Stock options are also granted to outside members of the Board of Directors of the Company. The Company determines the fair value of stock options and SARs at the date of grant using the Black-Scholes valuation model. All stock options and SARs granted prior to August 3, 2018 one two five ten 2013 “2013 2022 “2022 A summary of stock option transactions during the six June 30, 2022 Weighted Average Aggregate No. of Weighted Average Remaining Life Intrinsic Value Shares Exercise Price (in years) (in thousands) Outstanding, January 1, 2022 779,938 $ 16.12 3.27 $ 5,097 Granted (1) 103,203 20.13 Exercised (53,417 ) 11.95 Lapsed or cancelled (7,572 ) 17.89 Outstanding, June 30, 2022 822,152 16.88 3.13 2,608 Exercisable, June 30, 2022 550,456 13.96 2.58 2,608 ( 1 The weighted average grant date fair value of stock options granted was $7.84 per share. As of June 30, 2022 A summary of stock-settled SARs transactions during the six June 30, 2022 Weighted Average Aggregate No. of Weighted Average Remaining Life Intrinsic Value Shares Exercise Price (in years) (in thousands) Outstanding, January 1, 2022 291,059 $ 14.99 2.65 $ 2,205 Granted (1) 37,297 20.13 Exercised (24,836 ) 15.16 Lapsed or cancelled (2,308 ) 16.97 Outstanding, June 30, 2022 301,212 15.60 2.63 1,208 Exercisable, June 30, 2022 232,228 13.48 2.18 1,208 ( 1 The weighted average grant date fair value of SARs granted was $7.84 per share. As of June 30, 2022 Restricted Stock The Company has granted shares of restricted stock to directors and certain employees, which vest at a specified future date, generally after three five 2013 2022 A summary of restricted stock transactions during the six June 30, 2022 Weighted Average No. of Grant Date Shares Fair Value Outstanding, January 1, 2022 458,166 $ 19.51 Granted 30,343 19.97 Vested (113,039 ) 15.22 Forfeited (8,500 ) 13.11 Outstanding, June 30, 2022 366,970 21.02 As of June 30, 2022 Performance Shares The Company has granted performance shares, which either contain only service-based vesting conditions or service-based and performance-based vesting conditions. The service-based awards vest after the service period is met, which is generally three five five 2013 2022 A summary of performance share transactions during the six June 30, 2022 Weighted Average No. of Grant Date Shares Fair Value Outstanding, January 1, 2022 193,523 $ 21.50 Granted 59,578 19.55 Vested (15,750 ) 16.97 Forfeited (37,300 ) 24.98 Outstanding, June 30, 2022 200,051 20.63 As of June 30, 2022 |
Note 8 - Income Taxes
Note 8 - Income Taxes | 6 Months Ended |
Jun. 30, 2022 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | NOTE 8 – Income Taxes: The Company calculates its interim income tax provision in accordance with the accounting guidance for income taxes in interim periods. At the end of each interim period, the Company makes its best estimate of the annual expected effective tax rate and applies that rate to its ordinary year-to-date income or loss. The tax expense or benefit related to significant, unusual, or extraordinary items that will be separately reported or reported net of their related tax effect are individually computed and recognized in the interim period in which those items occur. The computation of the annual expected effective tax rate at each interim period requires certain estimates and assumptions including, but not may For the three June 30, 2022 three June 30, 2021 six June 30, 2022 six June 30, 2021 three six June 30, 2022 three six June 30, 2022 three six June 30, 2021 two |
Note 9 - Net Income (Loss) Per
Note 9 - Net Income (Loss) Per Share | 6 Months Ended |
Jun. 30, 2022 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 9 – Net Income (Loss) Per Share: The Company’s basic net income per share is computed based on the weighted average number of shares of common stock outstanding for the period. Diluted net income per share includes the effect of the Company’s outstanding stock options, stock appreciation rights, unvested shares of restricted stock and unvested performance shares, if the inclusion of these items is dilutive. The following table presents a reconciliation of basic and diluted net income per share for the three six June 30, 2022 2021 Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Net income (loss) used in the computation of basic and diluted net income (loss) per share (in thousands) $ (26,675 ) $ 6,377 $ (21,445 ) $ 16,855 Weighted average shares outstanding - basic 15,732,264 15,433,412 15,705,646 15,327,374 Dilutive common stock equivalents - 654,324 - 712,231 Weighted average shares outstanding - diluted 15,732,264 16,087,736 15,705,646 16,039,605 Net income (loss) per share: Basic $ (1.70 ) $ 0.41 $ (1.37 ) $ 1.10 Diluted $ (1.70 ) $ 0.40 $ (1.37 ) $ 1.05 Diluted weighted average shares outstanding excludes shares of common stock of 491,168 and 488,705 for the three six June 30, 2022, Awards to purchase 633,408 and 145,950 shares of common stock with weighted average exercise prices of $21.85 and $25.79 per share were outstanding during the three June 30, 2022 2021 not Awards to purchase 524,568 and 139,075 shares of common stock with weighted average exercise prices of $22.57 and $25.77 per share were outstanding during the six June 30, 2022 2021 not |
Note 10 - Operating Segment Inf
Note 10 - Operating Segment Information | 6 Months Ended |
Jun. 30, 2022 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | OTE 10 – Operating Segment Information : As described in Note 1 second 2022, Branded Products segment: Healthcare Apparel segment: third Contact Centers: Intersegment eliminations include the elimination of revenues and costs from services provided by the Contact Centers segment to the Company’s two not The Company evaluates the performance of each operating segment based on several factors of which the primary financial measures are net sales and income before taxes on income. The following tables set forth financial information related to the Company’s operating segments (in thousands): Branded Products Healthcare Apparel Contact Centers Intersegment Eliminations Other Total As of and For the Three Months Ended June 30, 2022: Net sales $ 102,039 $ 26,288 $ 21,466 $ (1,860 ) $ - $ 147,933 Cost of goods sold 72,954 18,904 8,692 (750 ) - 99,800 Gross margin 29,085 7,384 12,774 (1,110 ) - 48,133 Selling and administrative expenses 24,004 9,801 8,402 (1,110 ) 4,872 45,969 Goodwill impairment charge 4,135 20,323 - - - 24,458 Intangible assets impairment charge 5,581 - - - - 5,581 Other periodic pension cost - - - - 528 528 Interest expense 63 34 - - 486 583 Income (loss) before taxes on income $ (4,698 ) $ (22,774 ) $ 4,372 $ - $ (5,886 ) $ (28,986 ) Depreciation and amortization $ 1,589 $ 988 $ 549 $ - $ 54 $ 3,180 Capital expenditures $ 1,401 $ 539 $ 840 $ - $ 71 $ 2,851 Total assets $ 253,608 $ 156,155 $ 37,815 $ - $ 26,102 $ 473,680 Branded Products Healthcare Apparel Contact Centers Intersegment Eliminations Other Total As of and For the Three Months Ended June 30, 2021: Net sales $ 79,221 $ 37,650 $ 15,653 $ (1,737 ) $ - $ 130,787 Cost of goods sold 55,267 22,753 6,369 (760 ) - 83,629 Gross margin 23,954 14,897 9,284 (977 ) - 47,158 Selling and administrative expenses 16,027 8,567 5,562 (977 ) 4,727 33,906 Other periodic pension cost - - - - 440 440 Pension plan termination charge - - - - 6,945 6,945 Interest expense 38 46 - - 246 330 Income (loss) before taxes on income $ 7,889 $ 6,284 $ 3,722 $ - $ (12,358 ) $ 5,537 Depreciation and amortization $ 923 $ 880 $ 322 $ - $ 31 $ 2,156 Capital expenditures $ 2,288 $ 1,593 $ 709 $ - $ - $ 4,590 Total assets $ 220,532 $ 161,113 $ 26,346 $ - $ 21,202 $ 429,193 Branded Products Healthcare Apparel Contact Centers Intersegment Eliminations Other Total As of and For the Six Months Ended June 30, 2022: Net sales $ 199,122 $ 56,856 $ 39,440 $ (3,903 ) $ - $ 291,515 Cost of goods sold 141,822 37,457 15,985 (1,663 ) - 193,601 Gross margin 57,300 19,399 23,455 (2,240 ) - 97,914 Selling and administrative expenses 45,561 19,888 14,774 (2,240 ) 10,200 88,183 Goodwill impairment charge 4,135 20,323 - - - 24,458 Intangible assets impairment charge 5,581 - - - - 5,581 Other periodic pension cost - - - - 1,056 1,056 Interest expense 118 52 - - 712 882 Income (loss) before taxes on income $ 1,905 $ (20,864 ) $ 8,681 $ - $ (11,968 ) $ (22,246 ) Depreciation and amortization $ 2,972 $ 1,969 $ 1,044 $ - $ 118 $ 6,103 Capital expenditures $ 2,944 $ 1,250 $ 2,771 $ - $ 74 $ 7,039 Total assets $ 253,608 $ 156,155 $ 37,815 $ - $ 26,102 $ 473,680 Branded Products Healthcare Apparel Contact Centers Intersegment Eliminations Other Total As of and For the Six Months Ended June 30, 2021: Net sales $ 173,013 $ 73,300 $ 28,683 $ (3,362 ) $ - $ 271,634 Cost of goods sold 119,393 45,810 11,678 (1,448 ) - 175,433 Gross margin 53,620 27,490 17,005 (1,914 ) - 96,201 Selling and administrative expenses 33,319 17,181 10,284 (1,914 ) 10,147 69,017 Other periodic pension cost - - - - 869 869 Pension plan termination charge - - - - 6,945 6,945 Interest expense 52 118 - - 435 605 Income (loss) before taxes on income $ 20,249 $ 10,191 $ 6,721 $ - $ (18,396 ) $ 18,765 Depreciation and amortization $ 1,947 $ 1,748 $ 616 $ - $ 62 $ 4,373 Capital expenditures $ 5,909 $ 4,301 $ 1,116 $ - $ - $ 11,326 Total assets $ 220,532 $ 161,113 $ 26,346 $ - $ 21,202 $ 429,193 |
Note 11 - Goodwill and Intangib
Note 11 - Goodwill and Intangible Assets | 6 Months Ended |
Jun. 30, 2022 | |
Notes to Financial Statements | |
Goodwill Disclosure [Text Block] | 11 Goodwill and Intangible Assets: Goodwill Beginning with the second 2022, Note 10 350, The fair value of goodwill was determined using a combination of an income approach, which estimates fair value based upon projections of future revenues, expenses, and cash flows discounted to their respective present values, and a market approach. The valuation methodology and underlying financial information included in the Company’s determination of fair value required significant judgments by management. The principal assumptions used in the Company’s discounted cash flow analysis consisted of (a) long-term projections of financial performance and (b) the weighted-average cost of capital of market participants, adjusted for the risk attributable to the Company and the industry in which it operates. Under the market approach, the principal assumption included an estimate of a control premium. Based on the goodwill impairment analysis performed, the Company determined that the estimated fair value of the previous Uniforms and Related Products segment was lower than its carrying value primarily as the result of current market conditions, decline in expected cash flows and decrease in the Company’s stock price. Consequently, the Company recorded a non-cash goodwill impairment charge of $24.5 million during the three six June 30, 2022. We have reclassified prior period goodwill disclosures to conform to the current period presentation. The following table presents the carrying amounts of goodwill attributable to each of the Company’s reportable segments (dollars in thousands): Branded Products Healthcare Apparel Total As of December 31, 2021: Gross goodwill $ 19,111 $ 20,323 $ 39,434 Accumulated impairment losses - - - Net goodwill $ 19,111 $ 20,323 $ 39,434 Additions $ 6,463 $ - $ 6,463 Impairment charge (4,135 ) (20,323 ) (24,458 ) Foreign currency translation 148 - 148 Net goodwill, June 30, 2022 $ 21,587 $ - $ 21,587 As of June 30, 2022: Gross goodwill $ 25,722 $ 20,323 $ 46,045 Accumulated impairment losses (4,135 ) (20,323 ) (24,458 ) Net goodwill $ 21,587 $ - $ 21,587 Intangible Assets In conjunction with the Company’s realignment of its reportable segments, the Company began an effort to centralize certain branding and go-to-market strategies under the BAMKO brand and determined that it would no three six June 30, 2022 June 30, 2022 December 31, 2021 Indefinite-lived Intangible Assets Segment Carrying Amount, December 31, 2021 Impairment Charges Carrying Amount, June 30, 2022 Trade names: HPI Branded Products $ 4,700 $ - $ 4,700 BAMKO Branded Products 8,900 - 8,900 Public Identity Branded Products 470 (470 ) - Tangerine Branded Products 3,200 (3,200 ) - Gifts By Design Branded Products 1,170 (1,170 ) - Sutter’s Mill Branded Products 741 (741 ) - CID Resources Healthcare Apparel 14,160 - 14,160 Total $ 33,341 $ (5,581 ) $ 27,760 Intangible assets as of June 30, 2022 December 31, 2021 June 30, 2022 December 31, 2021 Item Weighted Average Life (In years) Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Definite-lived intangible assets: Customer relationships (7-15 year life) 11.7 $ 50,198 $ (20,933 ) $ 45,198 $ (18,772 ) Non-compete agreements (3-7 year life) 5.4 1,712 (1,238 ) 1,536 (1,121 ) Trademarks 10.0 332 (53 ) 275 (37 ) Trade names 2.0 710 (59 ) - - Total $ 52,952 $ (22,283 ) $ 47,009 $ (19,930 ) Indefinite-lived intangible assets: Trade names $ 27,760 $ 33,341 Total intangible assets $ 80,712 $ (22,283 ) $ 80,350 $ (19,930 ) |
Note 12 - Acquisition of Busine
Note 12 - Acquisition of Businesses | 6 Months Ended |
Jun. 30, 2022 | |
Notes to Financial Statements | |
Business Combination Disclosure [Text Block] | NOTE 12 Acquisition of Businesses: Gifts By Design, Inc. On January 29, 2021, Assets Acquired and Liabilities Assumed The total purchase price was allocated to the tangible and intangible assets and liabilities of Gifts by Design based on their estimated fair values as of the acquisition date. The excess of the purchase price over the estimated fair values of the assets acquired and liabilities assumed was allocated to goodwill. The following table presents the allocation of the total fair value of consideration transferred, as shown above, to the acquired tangible and intangible assets and liabilities of Gifts by Design based on their estimated fair values as of the effective date of the transaction (in thousands): Accounts receivable $ 251 Prepaid expenses and other current assets 196 Property, plant and equipment 60 Intangible assets 3,673 Goodwill 2,417 Total assets $ 6,597 Accounts payable 199 Other current liabilities 372 Total liabilities $ 571 The Company recorded $3.7 million in identifiable intangibles at fair value, consisting of $2.5 million in acquired customer relationships and $1.2 million for the brand name. The intangible assets associated with the customer relationships are being amortized for seven three six June 30, 2022 second 2022. Note 11 Sutter’s Mill Specialties, Inc. On December 2, 2021, The purchase price of the acquisition consisted of the following: (a) approximately $10.5 million in cash, (b) the issuance of 45,620 restricted shares of Superior’s common stock that vest ratably over a three 2022 2024 Fair Value of Consideration Transferred A summary of the purchase price is as follows (in thousands): Cash consideration $ 10,533 Restricted shares of Superior common stock issued 869 Contingent consideration 2,520 Total Consideration $ 13,922 Assets Acquired and Liabilities Assumed The table below presents the allocation of the total fair value of consideration transferred, as shown above, to the acquired tangible and intangible assets and liabilities of Sutter’s Mill based on their estimated fair values as of the effective date of the transaction. The assets and liabilities of Sutter’s Mill shown below are based on our preliminary estimates of their acquisition date fair values. Our final fair value determination may The following is our preliminary assignment of the aggregate consideration (in thousands): Accounts receivable $ 4,701 Inventories 9,149 Prepaid expenses and other current assets 135 Property, plant and equipment 1,043 Operating lease right-of-use assets 648 Intangible assets 2,031 Goodwill 1,019 Other assets 41 Total assets $ 18,767 Accounts payable 3,209 Other current liabilities 389 Long-term debt 758 Long-term operating lease liabilities 489 Total liabilities $ 4,845 In the first 2022, The Company recorded $2.0 million in identifiable intangibles at fair value, consisting of $1.2 million in acquired customer relationships, $0.1 million for a non-compete agreement and $0.7 million for the Sutter’s Mill Specialties trade name. The intangible assets associated with the customer relationships are being amortized for seven five three six June 30, 2022 second 2022. Note 11 Guardian Products, Inc. On May 1, 2022, one April 2025. three Fair Value of Consideration Transferred A summary of the purchase price is as follows (in thousands): Cash consideration $ 11,077 Restricted shares of Superior common stock issued 2,000 Contingent consideration 1,119 Total Consideration $ 14,196 Assets Acquired and Liabilities Assumed The table below presents the allocation of the total fair value of consideration transferred, as shown above, to the acquired tangible and intangible assets and liabilities of Guardian based on their estimated fair values as of the effective date of the transaction. The assets and liabilities of Guardian shown below are based on our preliminary estimates of their acquisition date fair values. Our final fair value determination may The following is our preliminary assignment of the aggregate consideration (in thousands): Accounts receivable $ 1,656 Inventories 621 Prepaid expenses and other current assets 272 Property, plant and equipment 15 Intangible assets 5,886 Goodwill 6,463 Total assets $ 14,913 Accounts payable 533 Other current liabilities 184 Total liabilities $ 717 The Company recorded $5.9 million in identifiable intangibles at fair value, consisting of $5.0 million in acquired customer relationships, $0.2 million for a non-compete agreement and $0.7 million for the Guardian Products trade name. The intangible assets associated with the customer relationships are being amortized for seven five two |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2022 | |
Accounting Policies [Abstract] | |
Segment Reporting, Policy [Policy Text Block] | Change in Reportable Segments Beginning with the second 2022, not no Note 10 Note 11 |
Basis of Accounting, Policy [Policy Text Block] | Basis of presentation The accompanying unaudited financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations. Intercompany items have been eliminated in consolidation. These condensed consolidated financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Company’s Annual Report on Form 10 December 31, 2021 not The Company refers to the condensed consolidated financial statements collectively as “financial statements,” and individually as “statements of comprehensive income (loss),” “balance sheets,” “statements of shareholders’ equity,” and “statements of cash flows” herein. |
Reclassification, Comparability Adjustment [Policy Text Block] | Reclassifications The accompanying financial statements for the previous year contain certain reclassifications to conform to the presentation used in the current period. Reclassifications only impact items within net cash used in operating activities and Note 11 no |
New Accounting Pronouncements, Policy [Policy Text Block] | Recent Accounting Pronouncements We consider the applicability and impact of all Accounting Standard Updates (“ASUs”). ASUs not not Recently Adopted Accounting Pronouncements In June 2016, 2016 13, Financial Instruments—Credit Losses (Topic 326 ” January 1, 2022 not Recently Issued Accounting Pronouncements Not In March 2020, 2020 04, Reference Rate Reform (Topic 848 may not may December 31, 2022. |
Note 2 - Inventories (Tables)
Note 2 - Inventories (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Notes Tables | |
Schedule of Inventory, Current [Table Text Block] | June 30, December 31, 2022 2021 Finished goods $ 97,835 $ 90,395 Work in process 1,008 1,351 Raw materials 28,193 28,809 Inventories $ 127,036 $ 120,555 |
Note 3 - Long-term Debt (Tables
Note 3 - Long-term Debt (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Notes Tables | |
Schedule of Long-Term Debt Instruments [Table Text Block] | June 30, December 31, 2022 2021 Credit Facilities: Revolving credit facility due February 2026 $ 101,651 $ 61,517 Term loan due February 2024 (“2017 Term Loan”) 12,000 15,000 Term loan due January 2026 (“2018 Term Loan”) 35,595 40,238 149,246 116,755 Less: Payments due within one year included in current liabilities 15,286 15,286 Debt issuance costs 553 624 Long-term debt less current maturities $ 133,407 $ 100,845 |
Note 4 - Periodic Pension Exp_2
Note 4 - Periodic Pension Expense (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Notes Tables | |
Schedule of Net Benefit Costs [Table Text Block] | Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Service cost - benefits earned during the period $ 51 $ 46 $ 102 $ 92 Interest cost on projected benefit obligation 100 153 200 340 Expected return on plan assets - (239 ) - (597 ) Recognized actuarial loss 428 526 856 1,126 Pension plan termination charge - 6,945 - 6,945 Net periodic pension cost $ 579 $ 7,431 $ 1,158 $ 7,906 |
Note 5 - Net Sales (Tables)
Note 5 - Net Sales (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Notes Tables | |
Disaggregation of Revenue [Table Text Block] | Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Branded Products Segment: Branded products $ 101,078 $ 74,567 $ 194,245 $ 146,399 Personal protective equipment 961 4,654 4,877 26,614 Total Branded Products Segment $ 102,039 $ 79,221 $ 199,122 $ 173,013 Healthcare Apparel Segment: Healthcare apparel $ 25,635 $ 35,593 $ 55,493 $ 66,446 Personal protective equipment 653 2,057 1,363 6,854 Total Healthcare Apparel Segment $ 26,288 $ 37,650 $ 56,856 $ 73,300 Contact Centers Segment: Contact centers services $ 21,466 $ 15,653 $ 39,440 $ 28,683 Net intersegment eliminations (1,860 ) (1,737 ) (3,903 ) (3,362 ) Total Contact Centers Segment $ 19,606 $ 13,916 $ 35,537 $ 25,321 Consolidated Net Sales $ 147,933 $ 130,787 $ 291,515 $ 271,634 |
Schedule of Accounts Receivables and Contract Assets [Table Text Block] | June 30, December 31, 2022 2021 Accounts receivable $ 110,375 $ 107,053 Current contract assets 46,088 38,018 Current contract liabilities 7,910 8,804 |
Note 7 - Share-based Compensa_2
Note 7 - Share-based Compensation (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Notes Tables | |
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block] | Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Stock options and SARs $ 381 $ 326 $ 741 $ 778 Restricted stock 985 435 1,604 638 Performance shares (124 ) 76 109 253 Total share-based compensation expense $ 1,242 $ 837 $ 2,454 $ 1,669 |
Share-Based Payment Arrangement, Option, Activity [Table Text Block] | Weighted Average Aggregate No. of Weighted Average Remaining Life Intrinsic Value Shares Exercise Price (in years) (in thousands) Outstanding, January 1, 2022 779,938 $ 16.12 3.27 $ 5,097 Granted (1) 103,203 20.13 Exercised (53,417 ) 11.95 Lapsed or cancelled (7,572 ) 17.89 Outstanding, June 30, 2022 822,152 16.88 3.13 2,608 Exercisable, June 30, 2022 550,456 13.96 2.58 2,608 |
Share-Based Payment Arrangement, Stock Appreciation Right, Activity [Table Text Block] | Weighted Average Aggregate No. of Weighted Average Remaining Life Intrinsic Value Shares Exercise Price (in years) (in thousands) Outstanding, January 1, 2022 291,059 $ 14.99 2.65 $ 2,205 Granted (1) 37,297 20.13 Exercised (24,836 ) 15.16 Lapsed or cancelled (2,308 ) 16.97 Outstanding, June 30, 2022 301,212 15.60 2.63 1,208 Exercisable, June 30, 2022 232,228 13.48 2.18 1,208 |
Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block] | Weighted Average No. of Grant Date Shares Fair Value Outstanding, January 1, 2022 458,166 $ 19.51 Granted 30,343 19.97 Vested (113,039 ) 15.22 Forfeited (8,500 ) 13.11 Outstanding, June 30, 2022 366,970 21.02 |
Schedule of Nonvested Performance-Based Units Activity [Table Text Block] | Weighted Average No. of Grant Date Shares Fair Value Outstanding, January 1, 2022 193,523 $ 21.50 Granted 59,578 19.55 Vested (15,750 ) 16.97 Forfeited (37,300 ) 24.98 Outstanding, June 30, 2022 200,051 20.63 |
Note 9 - Net Income (Loss) Pe_2
Note 9 - Net Income (Loss) Per Share (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Net income (loss) used in the computation of basic and diluted net income (loss) per share (in thousands) $ (26,675 ) $ 6,377 $ (21,445 ) $ 16,855 Weighted average shares outstanding - basic 15,732,264 15,433,412 15,705,646 15,327,374 Dilutive common stock equivalents - 654,324 - 712,231 Weighted average shares outstanding - diluted 15,732,264 16,087,736 15,705,646 16,039,605 Net income (loss) per share: Basic $ (1.70 ) $ 0.41 $ (1.37 ) $ 1.10 Diluted $ (1.70 ) $ 0.40 $ (1.37 ) $ 1.05 |
Note 10 - Operating Segment I_2
Note 10 - Operating Segment Information (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Notes Tables | |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | Branded Products Healthcare Apparel Contact Centers Intersegment Eliminations Other Total As of and For the Three Months Ended June 30, 2022: Net sales $ 102,039 $ 26,288 $ 21,466 $ (1,860 ) $ - $ 147,933 Cost of goods sold 72,954 18,904 8,692 (750 ) - 99,800 Gross margin 29,085 7,384 12,774 (1,110 ) - 48,133 Selling and administrative expenses 24,004 9,801 8,402 (1,110 ) 4,872 45,969 Goodwill impairment charge 4,135 20,323 - - - 24,458 Intangible assets impairment charge 5,581 - - - - 5,581 Other periodic pension cost - - - - 528 528 Interest expense 63 34 - - 486 583 Income (loss) before taxes on income $ (4,698 ) $ (22,774 ) $ 4,372 $ - $ (5,886 ) $ (28,986 ) Depreciation and amortization $ 1,589 $ 988 $ 549 $ - $ 54 $ 3,180 Capital expenditures $ 1,401 $ 539 $ 840 $ - $ 71 $ 2,851 Total assets $ 253,608 $ 156,155 $ 37,815 $ - $ 26,102 $ 473,680 Branded Products Healthcare Apparel Contact Centers Intersegment Eliminations Other Total As of and For the Three Months Ended June 30, 2021: Net sales $ 79,221 $ 37,650 $ 15,653 $ (1,737 ) $ - $ 130,787 Cost of goods sold 55,267 22,753 6,369 (760 ) - 83,629 Gross margin 23,954 14,897 9,284 (977 ) - 47,158 Selling and administrative expenses 16,027 8,567 5,562 (977 ) 4,727 33,906 Other periodic pension cost - - - - 440 440 Pension plan termination charge - - - - 6,945 6,945 Interest expense 38 46 - - 246 330 Income (loss) before taxes on income $ 7,889 $ 6,284 $ 3,722 $ - $ (12,358 ) $ 5,537 Depreciation and amortization $ 923 $ 880 $ 322 $ - $ 31 $ 2,156 Capital expenditures $ 2,288 $ 1,593 $ 709 $ - $ - $ 4,590 Total assets $ 220,532 $ 161,113 $ 26,346 $ - $ 21,202 $ 429,193 Branded Products Healthcare Apparel Contact Centers Intersegment Eliminations Other Total As of and For the Six Months Ended June 30, 2022: Net sales $ 199,122 $ 56,856 $ 39,440 $ (3,903 ) $ - $ 291,515 Cost of goods sold 141,822 37,457 15,985 (1,663 ) - 193,601 Gross margin 57,300 19,399 23,455 (2,240 ) - 97,914 Selling and administrative expenses 45,561 19,888 14,774 (2,240 ) 10,200 88,183 Goodwill impairment charge 4,135 20,323 - - - 24,458 Intangible assets impairment charge 5,581 - - - - 5,581 Other periodic pension cost - - - - 1,056 1,056 Interest expense 118 52 - - 712 882 Income (loss) before taxes on income $ 1,905 $ (20,864 ) $ 8,681 $ - $ (11,968 ) $ (22,246 ) Depreciation and amortization $ 2,972 $ 1,969 $ 1,044 $ - $ 118 $ 6,103 Capital expenditures $ 2,944 $ 1,250 $ 2,771 $ - $ 74 $ 7,039 Total assets $ 253,608 $ 156,155 $ 37,815 $ - $ 26,102 $ 473,680 Branded Products Healthcare Apparel Contact Centers Intersegment Eliminations Other Total As of and For the Six Months Ended June 30, 2021: Net sales $ 173,013 $ 73,300 $ 28,683 $ (3,362 ) $ - $ 271,634 Cost of goods sold 119,393 45,810 11,678 (1,448 ) - 175,433 Gross margin 53,620 27,490 17,005 (1,914 ) - 96,201 Selling and administrative expenses 33,319 17,181 10,284 (1,914 ) 10,147 69,017 Other periodic pension cost - - - - 869 869 Pension plan termination charge - - - - 6,945 6,945 Interest expense 52 118 - - 435 605 Income (loss) before taxes on income $ 20,249 $ 10,191 $ 6,721 $ - $ (18,396 ) $ 18,765 Depreciation and amortization $ 1,947 $ 1,748 $ 616 $ - $ 62 $ 4,373 Capital expenditures $ 5,909 $ 4,301 $ 1,116 $ - $ - $ 11,326 Total assets $ 220,532 $ 161,113 $ 26,346 $ - $ 21,202 $ 429,193 |
Note 11 - Goodwill and Intang_2
Note 11 - Goodwill and Intangible Assets (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Notes Tables | |
Schedule of Goodwill [Table Text Block] | Branded Products Healthcare Apparel Total As of December 31, 2021: Gross goodwill $ 19,111 $ 20,323 $ 39,434 Accumulated impairment losses - - - Net goodwill $ 19,111 $ 20,323 $ 39,434 Additions $ 6,463 $ - $ 6,463 Impairment charge (4,135 ) (20,323 ) (24,458 ) Foreign currency translation 148 - 148 Net goodwill, June 30, 2022 $ 21,587 $ - $ 21,587 As of June 30, 2022: Gross goodwill $ 25,722 $ 20,323 $ 46,045 Accumulated impairment losses (4,135 ) (20,323 ) (24,458 ) Net goodwill $ 21,587 $ - $ 21,587 |
Schedule of Indefinite-Lived Intangible Assets [Table Text Block] | Indefinite-lived Intangible Assets Segment Carrying Amount, December 31, 2021 Impairment Charges Carrying Amount, June 30, 2022 Trade names: HPI Branded Products $ 4,700 $ - $ 4,700 BAMKO Branded Products 8,900 - 8,900 Public Identity Branded Products 470 (470 ) - Tangerine Branded Products 3,200 (3,200 ) - Gifts By Design Branded Products 1,170 (1,170 ) - Sutter’s Mill Branded Products 741 (741 ) - CID Resources Healthcare Apparel 14,160 - 14,160 Total $ 33,341 $ (5,581 ) $ 27,760 |
Schedule of Finite-lived and Indefinite-Lived Intangible Assets [Table Text Block] | June 30, 2022 December 31, 2021 Item Weighted Average Life (In years) Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization Definite-lived intangible assets: Customer relationships (7-15 year life) 11.7 $ 50,198 $ (20,933 ) $ 45,198 $ (18,772 ) Non-compete agreements (3-7 year life) 5.4 1,712 (1,238 ) 1,536 (1,121 ) Trademarks 10.0 332 (53 ) 275 (37 ) Trade names 2.0 710 (59 ) - - Total $ 52,952 $ (22,283 ) $ 47,009 $ (19,930 ) Indefinite-lived intangible assets: Trade names $ 27,760 $ 33,341 Total intangible assets $ 80,712 $ (22,283 ) $ 80,350 $ (19,930 ) |
Note 12 - Acquisition of Busi_2
Note 12 - Acquisition of Businesses (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Notes Tables | |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | Accounts receivable $ 251 Prepaid expenses and other current assets 196 Property, plant and equipment 60 Intangible assets 3,673 Goodwill 2,417 Total assets $ 6,597 Accounts payable 199 Other current liabilities 372 Total liabilities $ 571 Accounts receivable $ 4,701 Inventories 9,149 Prepaid expenses and other current assets 135 Property, plant and equipment 1,043 Operating lease right-of-use assets 648 Intangible assets 2,031 Goodwill 1,019 Other assets 41 Total assets $ 18,767 Accounts payable 3,209 Other current liabilities 389 Long-term debt 758 Long-term operating lease liabilities 489 Total liabilities $ 4,845 Accounts receivable $ 1,656 Inventories 621 Prepaid expenses and other current assets 272 Property, plant and equipment 15 Intangible assets 5,886 Goodwill 6,463 Total assets $ 14,913 Accounts payable 533 Other current liabilities 184 Total liabilities $ 717 |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | Cash consideration $ 10,533 Restricted shares of Superior common stock issued 869 Contingent consideration 2,520 Total Consideration $ 13,922 Cash consideration $ 11,077 Restricted shares of Superior common stock issued 2,000 Contingent consideration 1,119 Total Consideration $ 14,196 |
Note 1 - Description of Busin_2
Note 1 - Description of Business and Basis of Presentation (Details Textual) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 |
Retained Earnings (Accumulated Deficit), Total | $ 137,986 | $ 163,836 |
Cumulative Effect, Period of Adoption, Adjustment [Member] | ||
Retained Earnings (Accumulated Deficit), Total | $ (100) |
Note 2 - Inventories - Inventor
Note 2 - Inventories - Inventories (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 |
Finished goods | $ 97,835 | $ 90,395 |
Work in process | 1,008 | 1,351 |
Raw materials | 28,193 | 28,809 |
Inventories | $ 127,036 | $ 120,555 |
Note 3 - Long-term Debt (Detail
Note 3 - Long-term Debt (Details Textual) $ in Thousands | 6 Months Ended | 12 Months Ended | |||
Feb. 08, 2021 USD ($) | Jun. 30, 2022 USD ($) | Jun. 30, 2021 USD ($) | Dec. 31, 2021 | Dec. 31, 2020 USD ($) | |
Interest Rate Swap [Member] | |||||
Derivative Liability, Notional Amount | $ 5,300 | ||||
Interest Rate Swap [Member] | Interest Expense [Member] | |||||
Gain (Loss) on Derivative Instruments, Net, Pretax, Total | $ 100 | $ 0 | |||
Credit Agreement [Member] | |||||
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage | 0.15% | ||||
Fixed Charge Coverage Ratio | 1.25 | ||||
Debt Instrument, Covenant, Maximum Total Debt to EBITDAX Ratio | 5 | ||||
Credit Agreement [Member] | Term Loan 2 [Member] | |||||
Debt Instrument, Interest Rate, Effective Percentage | 2.30% | ||||
Long-Term Debt, Maturity, Remainder of Fiscal Year | $ 4,600 | ||||
Long-Term Debt, Maturity, Year One | 9,300 | ||||
Long-Term Debt, Maturity, Year Four | 3,100 | ||||
Credit Agreement [Member] | Term Loan [Member] | |||||
Long-Term Debt, Maturity, Remainder of Fiscal Year | 3,000 | ||||
Long-Term Debt, Maturity, Year One | 6,000 | ||||
Long-Term Debt, Maturity, Year Two | $ 3,000 | ||||
Credit Agreement [Member] | London Interbank Offered Rate (LIBOR) [Member] | Term Loan 2 [Member] | Minimum [Member] | |||||
Debt Instrument, Basis Spread on Variable Rate | 0.85% | ||||
Credit Agreement [Member] | London Interbank Offered Rate (LIBOR) [Member] | Term Loan 2 [Member] | Maximum [Member] | |||||
Debt Instrument, Basis Spread on Variable Rate | 1.65% | ||||
Credit Agreement [Member] | London Interbank Offered Rate (LIBOR) [Member] | Term Loan [Member] | Minimum [Member] | |||||
Debt Instrument, Basis Spread on Variable Rate | 0.68% | ||||
Credit Agreement [Member] | London Interbank Offered Rate (LIBOR) [Member] | Term Loan [Member] | Maximum [Member] | |||||
Debt Instrument, Basis Spread on Variable Rate | 1.50% | ||||
Credit Agreement [Member] | Revolving Credit Facility [Member] | |||||
Debt Instrument, Interest Rate, Effective Percentage | 2.13% | ||||
Credit Agreement [Member] | Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | |||||
Debt Instrument, LIBOR Floor | 0.25% | ||||
Credit Agreement [Member] | Revolving Credit Facility [Member] | Truist Bank [Member] | |||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 125,000 | $ 75,000 | |||
Credit Agreement [Member] | Revolving Credit Facility [Member] | Truist Bank [Member] | London Interbank Offered Rate (LIBOR) [Member] | |||||
Debt Instrument, LIBOR Floor | 0.25% | 0% | |||
Credit Agreement [Member] | Letter of Credit [Member] | |||||
Letters of Credit Outstanding, Amount | $ 0 |
Note 3 - Long-term Debt - Long-
Note 3 - Long-term Debt - Long-term Debt (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 |
Long-term debt, gross | $ 149,246 | $ 116,755 |
Payments due within one year included in current liabilities | 15,286 | 15,286 |
Debt issuance costs | 553 | 624 |
Long-term debt less current maturities | 133,407 | 100,845 |
Truist Bank [Member] | Revolving Credit Facility [Member] | ||
Long-term debt, gross | 101,651 | 61,517 |
BB&T [Member] | Term Loan Maturing February 26, 2024 [Member] | ||
Long-term debt, gross | 12,000 | 15,000 |
BB&T [Member] | Term Loan Maturing May 2020 [Member] | ||
Long-term debt, gross | $ 35,595 | $ 40,238 |
Note 4 - Periodic Pension Exp_3
Note 4 - Periodic Pension Expense (Details Textual) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2022 USD ($) | Jun. 30, 2021 USD ($) | Jun. 30, 2022 USD ($) yr | Jun. 30, 2021 USD ($) | |
Defined Benefit Plans Number of Plans | 2 | 2 | ||
Defined Benefit Plans Retirement Age (Year) | yr | 65 | |||
Defined Benefit Plans Number Of Plans, Terminated | 2 | 2 | ||
Defined Benefit Plan, Termination Charge | $ | $ 0 | $ 6,945 | $ 0 | $ 6,945 |
Note 4 - Periodic Pension Exp_4
Note 4 - Periodic Pension Expense - Net Periodic Benefit Cost (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |
Pension plan termination charge | $ 0 | $ 6,945 | $ 0 | $ 6,945 |
Pension Plan [Member] | ||||
Service cost - benefits earned during the period | 51 | 46 | 102 | 92 |
Interest cost on projected benefit obligation | 100 | 153 | 200 | 340 |
Expected return on plan assets | 0 | (239) | 0 | (597) |
Recognized actuarial loss | 428 | 526 | 856 | 1,126 |
Net periodic pension cost | $ 579 | $ 7,431 | $ 1,158 | $ 7,906 |
Note 5 - Net Sales (Details Tex
Note 5 - Net Sales (Details Textual) $ in Millions | 6 Months Ended |
Jun. 30, 2022 USD ($) | |
Contract with Customer, Liability, Revenue Recognized | $ 6.7 |
Note 5 - Net Sales - Disaggrega
Note 5 - Net Sales - Disaggregated Revenue (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |
Net sales | $ 147,933 | $ 130,787 | $ 291,515 | $ 271,634 |
Intersegment Eliminations [Member] | ||||
Net sales | (1,860) | (1,737) | (3,903) | (3,362) |
Branded Products Segment [Member] | ||||
Net sales | 102,039 | 79,221 | 199,122 | 173,013 |
Branded Products Segment [Member] | Branded Products [Member] | ||||
Net sales | 101,078 | 74,567 | 194,245 | 146,399 |
Branded Products Segment [Member] | Protective Equipment [Member] | ||||
Net sales | 961 | 4,654 | 4,877 | 26,614 |
Healthcare Apparel Segment [Member] | ||||
Net sales | 26,288 | 37,650 | 56,856 | 73,300 |
Healthcare Apparel Segment [Member] | Protective Equipment [Member] | ||||
Net sales | 653 | 2,057 | 1,363 | 6,854 |
Healthcare Apparel Segment [Member] | Healthcare Apparel [Member] | ||||
Net sales | 25,635 | 35,593 | 55,493 | 66,446 |
Contact Centers Segment [Member] | ||||
Net sales | 19,606 | 13,916 | 35,537 | 25,321 |
Contact Centers Segment [Member] | Intersegment Eliminations [Member] | ||||
Net sales | (1,860) | (1,737) | (3,903) | (3,362) |
Contact Centers Segment [Member] | Contact Centers [Member] | ||||
Net sales | $ 21,466 | $ 15,653 | $ 39,440 | $ 28,683 |
Note 5 - Net Sales - Accounts R
Note 5 - Net Sales - Accounts Receivable and Contract Assets (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 |
Accounts receivable | $ 110,375 | $ 107,053 |
Current contract assets | 46,088 | 38,018 |
Current contract liabilities | $ 7,910 | $ 8,804 |
Note 6 - Contingencies (Details
Note 6 - Contingencies (Details Textual) - USD ($) $ in Thousands | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2021 |
Business Combination, Contingent Consideration, Liability, Current | $ 1,304 | $ 4,507 | |
Sutter's Mill [Member] | |||
Business Combination, Contingent Consideration, Liability, Total | 2,900 | ||
Sutter's Mill [Member] | Minimum [Member] | |||
Business Combination, Contingent Consideration, Liability, Current | 2,200 | ||
Sutter's Mill [Member] | Maximum [Member] | |||
Business Combination, Contingent Consideration, Liability, Current | 4,700 | ||
Sutter's Mill [Member] | Forecast [Member] | |||
Business Combination, Contingent Consideration, Liability, Current | $ 1,300 | ||
Guardian Products, Inc [Member] | |||
Business Combination, Contingent Consideration, Liability, Total | 1,200 | ||
Guardian Products, Inc [Member] | Minimum [Member] | |||
Business Combination, Contingent Consideration, Liability, Current | 1,500 | ||
Guardian Products, Inc [Member] | Maximum [Member] | |||
Business Combination, Contingent Consideration, Liability, Current | $ 2,400 |
Note 7 - Share-based Compensa_3
Note 7 - Share-based Compensation (Details Textual) $ / shares in Units, $ in Millions | 6 Months Ended |
Jun. 30, 2022 USD ($) $ / shares | |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 2 years |
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year) | 5 years |
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share) | $ / shares | $ 7.84 |
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested, Weighted Average Grant Date Fair Value (in dollars per share) | $ / shares | $ 7.84 |
Share-Based Payment Arrangement, Option [Member] | |
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $ 1.2 |
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 1 year 2 months 12 days |
Stock Appreciation Rights (SARs) [Member] | |
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $ 0.3 |
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 1 year 3 months 18 days |
Restricted Stock [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 3 years |
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $ 5.4 |
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 2 years 10 months 24 days |
Restricted Stock [Member] | Maximum [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 5 years |
Performance Shares [Member] | |
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total | $ 3.2 |
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year) | 4 years |
Performance Shares [Member] | Maximum [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 5 years |
Outside Directors [Member] | |
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year) | 10 years |
Note 7 - Share-based Compensa_4
Note 7 - Share-based Compensation - Shared-based Compensation Expense and the Related Tax Benefit (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |
Share-based compensation expense | $ 1,242 | $ 837 | $ 2,454 | $ 1,669 |
Stock Options and SARs [Member] | ||||
Share-based compensation expense | 381 | 326 | 741 | 778 |
Restricted Stock [Member] | ||||
Share-based compensation expense | 985 | 435 | 1,604 | 638 |
Performance Shares [Member] | ||||
Share-based compensation expense | $ (124) | $ 76 | $ 109 | $ 253 |
Note 7 - Share-based Compensa_5
Note 7 - Share-based Compensation - Stock Option Transactions (Details) $ / shares in Units, $ in Thousands | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2022 USD ($) $ / shares shares | Dec. 31, 2021 USD ($) $ / shares shares | ||
Outstanding, options (in shares) | shares | 779,938 | ||
Outstanding, weighted average exercise price (in dollars per share) | $ / shares | $ 16.12 | ||
Outstanding, weighted average remaining life (Year) | 3 years 1 month 17 days | 3 years 3 months 7 days | |
Outstanding, aggregate intrinsic value | $ | $ 2,608 | $ 5,097 | |
Granted (in shares) | shares | 103,203 | [1] | |
Granted, weighted average exercise price (in dollars per share) | $ / shares | $ 20.13 | ||
Exercised (in shares) | shares | (53,417) | ||
Exercised, weighted average exercise price (in dollars per share) | $ / shares | $ 11.95 | ||
Lapsed or cancelled (in shares) | shares | (7,572) | ||
Lapsed or cancelled, weighted average exercise price (in dollars per share) | $ / shares | $ 17.89 | ||
Outstanding, options (in shares) | shares | 822,152 | 779,938 | |
Outstanding, weighted average exercise price (in dollars per share) | $ / shares | $ 16.88 | $ 16.12 | |
Exercisable, options (in shares) | shares | 550,456 | ||
Exercisable, weighted average exercise price, options (in dollars per share) | $ / shares | $ 13.96 | ||
Exercisable, weighted average remaining life, options (Year) | 2 years 6 months 29 days | ||
Exercisable, aggregate intrinsic value, options | $ | $ 2,608 | ||
[1]The weighted average grant date fair value of stock options granted was $7.84 per share. |
Note 7 - Share-based Compensa_6
Note 7 - Share-based Compensation - Stock-settled Stock Appreciation Rights Transactions (Details) - USD ($) $ / shares in Units, $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2022 | Dec. 31, 2021 | |
Lapsed or cancelled (in shares) | (7,572) | |
Lapsed or cancelled, weighted average exercise price (in dollars per share) | $ 17.89 | |
Stock Appreciation Rights (SARs) [Member] | ||
Outstanding SARS (in shares) | 291,059 | |
Outstanding (in dollars per share) | $ 14.99 | |
Outstanding SARS, weighted average remaining life (Year) | 2 years 7 months 17 days | 2 years 7 months 24 days |
Outstanding SARS, aggregate intrinsic value | $ 1,208 | $ 2,205 |
Granted SARs (in shares) | 37,297 | |
Granted SARS, weighted average exercise price (in dollars per share) | $ 20.13 | |
Exercised SARs (in shares) | (24,836) | |
Exercised SARS, weighted average exercise price (in dollars per share) | $ 15.16 | |
Lapsed or cancelled (in shares) | (2,308) | |
Lapsed or cancelled, weighted average exercise price (in dollars per share) | $ 16.97 | |
Outstanding SARS (in shares) | 301,212 | 291,059 |
Outstanding SARS, weighted average exercise price (in dollars per share) | $ 15.60 | $ 14.99 |
Exercisable (in shares) | 232,228 | |
Exercisable, weighted average exercise price (in dollars per share) | $ 13.48 | |
Exercisable, weighted average remaining life (Year) | 2 years 2 months 4 days | |
Exercisable, aggregate intrinsic value | $ 1,208 |
Note 7 - Share-based Compensa_7
Note 7 - Share-based Compensation - Restricted Stock Transactions (Details) - Restricted Stock [Member] | 6 Months Ended |
Jun. 30, 2022 $ / shares shares | |
Outstanding (in shares) | shares | 458,166 |
Outstanding, weighted average grant date fair value (in dollars per share) | $ / shares | $ 19.51 |
Granted (in shares) | shares | 30,343 |
Granted, weighted average grant date fair value (in dollars per share) | $ / shares | $ 19.97 |
Vested (in shares) | shares | (113,039) |
Vested, weighted average grant date fair value (in dollars per share) | $ / shares | $ 15.22 |
Forfeited (in shares) | shares | (8,500) |
Forfeited, weighted average grant date fair value (in dollars per share) | $ / shares | $ 13.11 |
Outstanding (in shares) | shares | 366,970 |
Outstanding, weighted average grant date fair value (in dollars per share) | $ / shares | $ 21.02 |
Note 7 - Share-based Compensa_8
Note 7 - Share-based Compensation - Performance Share Transactions (Details) - Performance Shares [Member] | 6 Months Ended |
Jun. 30, 2022 $ / shares shares | |
Outstanding (in shares) | shares | 193,523 |
Outstanding, weighted average grant date fair value (in dollars per share) | $ / shares | $ 21.50 |
Granted (in shares) | shares | 59,578 |
Granted, weighted average grant date fair value (in dollars per share) | $ / shares | $ 19.55 |
Vested (in shares) | shares | (15,750) |
Vested, weighted average grant date fair value (in dollars per share) | $ / shares | $ 16.97 |
Forfeited (in shares) | shares | (37,300) |
Forfeited, weighted average grant date fair value (in dollars per share) | $ / shares | $ 24.98 |
Outstanding (in shares) | shares | 200,051 |
Outstanding, weighted average grant date fair value (in dollars per share) | $ / shares | $ 20.63 |
Note 8 - Income Taxes (Details
Note 8 - Income Taxes (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |
Income Tax Expense (Benefit), Total | $ (2,311) | $ (840) | $ (801) | $ 1,910 |
Effective Income Tax Rate Reconciliation, Percent, Total | 8% | 15.20% | 3.60% | 10.20% |
Nondeductible Portion Of Goodwill Impairment | $ 20,300 | |||
Income Tax Expense (Benefit), Continuing Operations, Adjustment of Deferred Tax (Asset) Liability | $ 1,800 | |||
Effective Income Tax Rate Reconciliation, Tax Expense (Benefit), Share-Based Payment Arrangement, Amount | 800 | |||
Income Tax Expense Related to Termination of Defined Benefit Plan | $ 600 |
Note 9 - Net Income (Loss) Pe_3
Note 9 - Net Income (Loss) Per Share (Details Textual) - $ / shares | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |
Antidilutive Securities Excluded From Computation Of Earnings Weighted Average Shares Outstanding (in shares) | 491,168 | 488,705 | ||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | 633,408 | 145,950 | 524,568 | 139,075 |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Weight Average Exercise Price (in dollars per share) | $ 21.85 | $ 25.79 | $ 22.57 | $ 25.77 |
Note 9 - Net Income (Loss) Pe_4
Note 9 - Net Income (Loss) Per Share - Reconciliation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |
Net income (loss) | $ (26,675) | $ 6,377 | $ (21,445) | $ 16,855 |
Weighted average shares outstanding - basic (in shares) | 15,732,264 | 15,433,412 | 15,705,646 | 15,327,374 |
Dilutive common stock equivalents (in shares) | 0 | 654,324 | 0 | 712,231 |
Weighted average number of shares outstanding during the period, diluted (in shares) | 15,732,264 | 16,087,736 | 15,705,646 | 16,039,605 |
Basic (in dollars per share) | $ (1.70) | $ 0.41 | $ (1.37) | $ 1.10 |
Diluted (in dollars per share) | $ (1.70) | $ 0.40 | $ (1.37) | $ 1.05 |
Note 10 - Operating Segment I_3
Note 10 - Operating Segment Information - Information Related to the Operations of the Company's Operating Segments (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | Dec. 31, 2021 | |
Net sales | $ 147,933 | $ 130,787 | $ 291,515 | $ 271,634 | |
Cost of goods sold | 99,800 | 83,629 | 193,601 | 175,433 | |
Gross margin | 48,133 | 47,158 | 97,914 | 96,201 | |
Selling and administrative expenses | 45,969 | 33,906 | 88,183 | 69,017 | |
Goodwill, Impairment Loss | 24,458 | 0 | 24,458 | 0 | |
Impairment of Intangible Assets, Indefinite-Lived (Excluding Goodwill) | 5,581 | ||||
Other periodic pension cost | 528 | 440 | 1,056 | 869 | |
Interest expense | 583 | 330 | 882 | 605 | |
Income (loss) before taxes on income | (28,986) | 5,537 | (22,246) | 18,765 | |
Depreciation and amortization | 3,180 | 2,156 | 6,103 | 4,373 | |
Capital expenditures | 2,851 | 4,590 | 7,039 | 11,326 | |
Total assets | 473,680 | 429,193 | 473,680 | 429,193 | $ 470,245 |
Defined Benefit Plan, Termination Charge | 0 | 6,945 | 0 | 6,945 | |
Intangible assets impairment charge | 5,581 | 0 | 5,581 | 0 | |
Branded Products [Member] | |||||
Goodwill, Impairment Loss | 4,135 | ||||
Healthcare Apparel [Member] | |||||
Goodwill, Impairment Loss | 20,323 | ||||
Operating Segments [Member] | Branded Products [Member] | |||||
Net sales | 102,039 | 79,221 | 199,122 | 173,013 | |
Cost of goods sold | 72,954 | 55,267 | 141,822 | 119,393 | |
Gross margin | 29,085 | 23,954 | 57,300 | 53,620 | |
Selling and administrative expenses | 24,004 | 16,027 | 45,561 | 33,319 | |
Goodwill, Impairment Loss | 4,135 | 4,135 | |||
Impairment of Intangible Assets, Indefinite-Lived (Excluding Goodwill) | 5,581 | ||||
Other periodic pension cost | 0 | 0 | 0 | 0 | |
Interest expense | 63 | 38 | 118 | 52 | |
Income (loss) before taxes on income | (4,698) | 7,889 | 1,905 | 20,249 | |
Depreciation and amortization | 1,589 | 923 | 2,972 | 1,947 | |
Capital expenditures | 1,401 | 2,288 | 2,944 | 5,909 | |
Total assets | 253,608 | 220,532 | 253,608 | 220,532 | |
Defined Benefit Plan, Termination Charge | 0 | 0 | |||
Intangible assets impairment charge | 5,581 | ||||
Operating Segments [Member] | Healthcare Apparel [Member] | |||||
Net sales | 26,288 | 37,650 | 56,856 | 73,300 | |
Cost of goods sold | 18,904 | 22,753 | 37,457 | 45,810 | |
Gross margin | 7,384 | 14,897 | 19,399 | 27,490 | |
Selling and administrative expenses | 9,801 | 8,567 | 19,888 | 17,181 | |
Goodwill, Impairment Loss | 20,323 | 20,323 | |||
Impairment of Intangible Assets, Indefinite-Lived (Excluding Goodwill) | 0 | ||||
Other periodic pension cost | 0 | 0 | 0 | 0 | |
Interest expense | 34 | 46 | 52 | 118 | |
Income (loss) before taxes on income | (22,774) | 6,284 | (20,864) | 10,191 | |
Depreciation and amortization | 988 | 880 | 1,969 | 1,748 | |
Capital expenditures | 539 | 1,593 | 1,250 | 4,301 | |
Total assets | 156,155 | 161,113 | 156,155 | 161,113 | |
Defined Benefit Plan, Termination Charge | 0 | 0 | |||
Intangible assets impairment charge | 0 | ||||
Operating Segments [Member] | Contact Centers [Member] | |||||
Net sales | 21,466 | 15,653 | 39,440 | 28,683 | |
Cost of goods sold | 8,692 | 6,369 | 15,985 | 11,678 | |
Gross margin | 12,774 | 9,284 | 23,455 | 17,005 | |
Selling and administrative expenses | 8,402 | 5,562 | 14,774 | 10,284 | |
Goodwill, Impairment Loss | 0 | 0 | |||
Impairment of Intangible Assets, Indefinite-Lived (Excluding Goodwill) | 0 | ||||
Other periodic pension cost | 0 | 0 | 0 | 0 | |
Interest expense | 0 | 0 | 0 | 0 | |
Income (loss) before taxes on income | 4,372 | 3,722 | 8,681 | 6,721 | |
Depreciation and amortization | 549 | 322 | 1,044 | 616 | |
Capital expenditures | 840 | 709 | 2,771 | 1,116 | |
Total assets | 37,815 | 26,346 | 37,815 | 26,346 | |
Defined Benefit Plan, Termination Charge | 0 | 0 | |||
Intangible assets impairment charge | 0 | ||||
Intersegment Eliminations [Member] | |||||
Net sales | (1,860) | (1,737) | (3,903) | (3,362) | |
Cost of goods sold | (750) | (760) | (1,663) | (1,448) | |
Gross margin | (1,110) | (977) | (2,240) | (1,914) | |
Selling and administrative expenses | (1,110) | (977) | (2,240) | (1,914) | |
Goodwill, Impairment Loss | 0 | 0 | |||
Impairment of Intangible Assets, Indefinite-Lived (Excluding Goodwill) | 0 | ||||
Other periodic pension cost | 0 | 0 | 0 | 0 | |
Interest expense | 0 | 0 | 0 | 0 | |
Income (loss) before taxes on income | 0 | 0 | 0 | 0 | |
Depreciation and amortization | 0 | 0 | 0 | 0 | |
Capital expenditures | 0 | 0 | 0 | 0 | |
Total assets | 0 | 0 | 0 | 0 | |
Defined Benefit Plan, Termination Charge | 0 | 0 | |||
Intangible assets impairment charge | 0 | ||||
Segment Reconciling Items [Member] | |||||
Net sales | 0 | 0 | 0 | 0 | |
Cost of goods sold | 0 | 0 | 0 | 0 | |
Gross margin | 0 | 0 | 0 | 0 | |
Selling and administrative expenses | 4,872 | 4,727 | 10,200 | 10,147 | |
Goodwill, Impairment Loss | 0 | 0 | |||
Impairment of Intangible Assets, Indefinite-Lived (Excluding Goodwill) | 0 | ||||
Other periodic pension cost | 528 | 440 | 1,056 | 869 | |
Interest expense | 486 | 246 | 712 | 435 | |
Income (loss) before taxes on income | (5,886) | (12,358) | (11,968) | (18,396) | |
Depreciation and amortization | 54 | 31 | 118 | 62 | |
Capital expenditures | 71 | 0 | 74 | 0 | |
Total assets | $ 26,102 | 21,202 | 26,102 | 21,202 | |
Defined Benefit Plan, Termination Charge | $ 6,945 | $ 6,945 | |||
Intangible assets impairment charge | $ 0 |
Note 11 - Goodwill and Intang_3
Note 11 - Goodwill and Intangible Assets (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |
Goodwill, Impairment Loss | $ 24,458 | $ 0 | $ 24,458 | $ 0 |
Impairment of Intangible Assets, Indefinite-Lived (Excluding Goodwill) | $ 5,581 | |||
Trade Names [Member] | ||||
Impairment of Intangible Assets, Indefinite-Lived (Excluding Goodwill) | $ 5,600 |
Note 11 - Goodwill and Intang_4
Note 11 - Goodwill and Intangible Assets - Summary of Goodwill (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | |
Gross goodwill | $ 39,434 | |||
Accumulated impairment losses | 0 | |||
Net goodwill | 39,434 | |||
Additions | 6,463 | |||
Impairment charge | $ (24,458) | $ 0 | (24,458) | $ 0 |
Foreign currency translation | 148 | |||
Net goodwill | 21,587 | 21,587 | ||
Gross goodwill | 46,045 | 46,045 | ||
Accumulated impairment losses | (24,458) | (24,458) | ||
Branded Products [Member] | ||||
Gross goodwill | 19,111 | |||
Accumulated impairment losses | 0 | |||
Net goodwill | 19,111 | |||
Additions | 6,463 | |||
Impairment charge | (4,135) | |||
Foreign currency translation | 148 | |||
Net goodwill | 21,587 | 21,587 | ||
Gross goodwill | 25,722 | 25,722 | ||
Accumulated impairment losses | (4,135) | (4,135) | ||
Healthcare Apparel [Member] | ||||
Gross goodwill | 20,323 | |||
Accumulated impairment losses | 0 | |||
Net goodwill | 20,323 | |||
Additions | 0 | |||
Impairment charge | (20,323) | |||
Foreign currency translation | 0 | |||
Net goodwill | 0 | 0 | ||
Gross goodwill | 20,323 | 20,323 | ||
Accumulated impairment losses | $ (20,323) | $ (20,323) |
Note 11 - Goodwill and Intang_5
Note 11 - Goodwill and Intangible Assets - Summary of Indefinite-lived Trade Names (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended |
Jun. 30, 2022 | Jun. 30, 2022 | |
Indefinite-lived Intangible Assets, impairment charges | $ (5,581) | |
HPI Trade Name [Member] | Branded Products [Member] | ||
Indefinite-lived Intangible Assets, carrying amount | $ 4,700 | |
Indefinite-lived Intangible Assets, impairment charges | 0 | |
Indefinite-lived Intangible Assets, carrying amount | 4,700 | 4,700 |
BAMKO Trade Name [Member] | Branded Products [Member] | ||
Indefinite-lived Intangible Assets, carrying amount | 8,900 | |
Indefinite-lived Intangible Assets, impairment charges | 0 | |
Indefinite-lived Intangible Assets, carrying amount | 8,900 | 8,900 |
Public Identity Trade Name [Member] | Branded Products [Member] | ||
Indefinite-lived Intangible Assets, carrying amount | 470 | |
Indefinite-lived Intangible Assets, impairment charges | (470) | |
Indefinite-lived Intangible Assets, carrying amount | 0 | 0 |
Tangerine Trade Name [Member] | Branded Products [Member] | ||
Indefinite-lived Intangible Assets, carrying amount | 3,200 | |
Indefinite-lived Intangible Assets, impairment charges | (3,200) | |
Indefinite-lived Intangible Assets, carrying amount | 0 | 0 |
Gifts By Design Trade Name [Member] | Branded Products [Member] | ||
Indefinite-lived Intangible Assets, carrying amount | 1,170 | |
Indefinite-lived Intangible Assets, impairment charges | (1,170) | |
Indefinite-lived Intangible Assets, carrying amount | 0 | 0 |
Sutter's Mill Trade Name [Member] | Branded Products [Member] | ||
Indefinite-lived Intangible Assets, carrying amount | 741 | |
Indefinite-lived Intangible Assets, impairment charges | (741) | |
Indefinite-lived Intangible Assets, carrying amount | 0 | 0 |
CID Resources Trade Name [Member] | Healthcare Apparel [Member] | ||
Indefinite-lived Intangible Assets, carrying amount | 14,160 | |
Indefinite-lived Intangible Assets, impairment charges | 0 | |
Indefinite-lived Intangible Assets, carrying amount | 14,160 | 14,160 |
Trade Names 1 [Member] | ||
Indefinite-lived Intangible Assets, carrying amount | 33,341 | |
Indefinite-lived Intangible Assets, impairment charges | (5,581) | |
Indefinite-lived Intangible Assets, carrying amount | $ 27,760 | $ 27,760 |
Note 11 - Goodwill and Intang_6
Note 11 - Goodwill and Intangible Assets - Summary of Intangible Assets (Details) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2022 | Dec. 31, 2021 | |
Definite-lived intangible assets, gross | $ 52,952 | $ 47,009 |
Definite-lived intangible assets, accumulated amortization | (22,283) | (19,930) |
Total intangible assets, gross | 80,712 | 80,350 |
Trade Names 1 [Member] | ||
Trade names | $ 27,760 | 33,341 |
Customer Relationships [Member] | ||
Weighted average life (Year) | 11 years 8 months 12 days | |
Definite-lived intangible assets, gross | $ 50,198 | 45,198 |
Definite-lived intangible assets, accumulated amortization | $ (20,933) | (18,772) |
Noncompete Agreements [Member] | ||
Weighted average life (Year) | 5 years 4 months 24 days | |
Definite-lived intangible assets, gross | $ 1,712 | 1,536 |
Definite-lived intangible assets, accumulated amortization | $ (1,238) | (1,121) |
Trademarks [Member] | ||
Weighted average life (Year) | 10 years | |
Definite-lived intangible assets, gross | $ 332 | 275 |
Definite-lived intangible assets, accumulated amortization | $ (53) | (37) |
Trade Names [Member] | ||
Weighted average life (Year) | 2 years | |
Definite-lived intangible assets, gross | $ 710 | 0 |
Definite-lived intangible assets, accumulated amortization | $ (59) | $ 0 |
Note 12 - Acquisition of Busi_3
Note 12 - Acquisition of Businesses (Details Textual) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
May 01, 2022 | Dec. 02, 2021 | Jan. 29, 2021 | Mar. 31, 2022 | Jun. 30, 2022 | |
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 2 years | ||||
Restricted Stock [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 3 years | ||||
Customer Relationships [Member] | |||||
Finite-Lived Intangible Asset, Useful Life (Year) | 11 years 8 months 12 days | ||||
Noncompete Agreements [Member] | |||||
Finite-Lived Intangible Asset, Useful Life (Year) | 5 years 4 months 24 days | ||||
Trade Names [Member] | |||||
Finite-Lived Intangible Asset, Useful Life (Year) | 2 years | ||||
Gifts By Design [Member] | |||||
Payments to Acquire Businesses, Gross | $ 6,000 | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill, Total | 3,673 | ||||
Gifts By Design [Member] | Trade Names 1 [Member] | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill, Total | 1,200 | ||||
Gifts By Design [Member] | Customer Relationships [Member] | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill, Total | $ 2,500 | ||||
Finite-Lived Intangible Asset, Useful Life (Year) | 7 years | ||||
Sutter's Mill [Member] | |||||
Payments to Acquire Businesses, Gross | $ 10,533 | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill, Total | 2,031 | ||||
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High | $ 4,500 | ||||
Goodwill, Purchase Accounting Adjustments | $ 100 | ||||
Sutter's Mill [Member] | Restricted Stock [Member] | |||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares) | 45,620 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year) | 3 years | ||||
Sutter's Mill [Member] | Trade Names 1 [Member] | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill, Total | $ 700 | ||||
Sutter's Mill [Member] | Customer Relationships [Member] | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill, Total | $ 1,200 | ||||
Finite-Lived Intangible Asset, Useful Life (Year) | 7 years | ||||
Sutter's Mill [Member] | Noncompete Agreements [Member] | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill, Total | $ 100 | ||||
Finite-Lived Intangible Asset, Useful Life (Year) | 5 years | ||||
Guardian Products, Inc [Member] | |||||
Payments to Acquire Businesses, Gross | $ 11,077 | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill, Total | 5,886 | ||||
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High | $ 2,300 | ||||
Guardian Products, Inc [Member] | Restricted Stock [Member] | |||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares) | 116,550 | ||||
Guardian Products, Inc [Member] | Customer Relationships [Member] | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill, Total | $ 5,000 | ||||
Finite-Lived Intangible Asset, Useful Life (Year) | 7 years | ||||
Guardian Products, Inc [Member] | Noncompete Agreements [Member] | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill, Total | $ 200 | ||||
Finite-Lived Intangible Asset, Useful Life (Year) | 5 years | ||||
Guardian Products, Inc [Member] | Trade Names [Member] | |||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill, Total | $ 700 | ||||
Finite-Lived Intangible Asset, Useful Life (Year) | 2 years |
Note 12 - Acquisition of Busi_4
Note 12 - Acquisition of Businesses - Aggregate Consideration (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | May 01, 2022 | Dec. 31, 2021 | Dec. 02, 2021 | Jan. 29, 2021 |
Goodwill | $ 21,587 | $ 39,434 | |||
Gifts By Design [Member] | |||||
Accounts receivable | $ 251 | ||||
Prepaid expenses and other current assets | 196 | ||||
Property, plant and equipment | 60 | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill, Total | 3,673 | ||||
Goodwill | 2,417 | ||||
Total assets | 6,597 | ||||
Accounts payable | 199 | ||||
Other current liabilities | 372 | ||||
Total liabilities | $ 571 | ||||
Sutter's Mill [Member] | |||||
Accounts receivable | $ 4,701 | ||||
Prepaid expenses and other current assets | 135 | ||||
Property, plant and equipment | 1,043 | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill, Total | 2,031 | ||||
Goodwill | 1,019 | ||||
Total assets | 18,767 | ||||
Accounts payable | 3,209 | ||||
Other current liabilities | 389 | ||||
Total liabilities | 4,845 | ||||
Inventories | 9,149 | ||||
Operating lease right-of-use assets | 648 | ||||
Other assets | 41 | ||||
Long-term debt | 758 | ||||
Long-term operating lease liabilities | 489 | ||||
Inventories | $ 9,149 | ||||
Guardian Products, Inc [Member] | |||||
Accounts receivable | $ 1,656 | ||||
Prepaid expenses and other current assets | 272 | ||||
Property, plant and equipment | 15 | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill, Total | 5,886 | ||||
Goodwill | 6,463 | ||||
Total assets | 14,913 | ||||
Accounts payable | 533 | ||||
Other current liabilities | 184 | ||||
Total liabilities | 717 | ||||
Inventories | 621 | ||||
Inventories | $ 621 |
Note 12 - Acquisition of Busi_5
Note 12 - Acquisition of Businesses - Purchase Price (Details) - USD ($) $ in Thousands | May 01, 2022 | Dec. 02, 2021 |
Sutter's Mill [Member] | ||
Payments to Acquire Businesses, Gross | $ 10,533 | |
Restricted shares of Superior common stock issued | 869 | |
Contingent consideration | 2,520 | |
Total Consideration | $ 13,922 | |
Guardian Products, Inc [Member] | ||
Payments to Acquire Businesses, Gross | $ 11,077 | |
Restricted shares of Superior common stock issued | 2,000 | |
Contingent consideration | 1,119 | |
Total Consideration | $ 14,196 |