10-Q

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

þ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 28, 2015

Commission file number: 1-6615

SUPERIOR INDUSTRIES INTERNATIONAL, INC.

(Exact Name of Registrant as Specified in Its Charter)

Delaware	95-2594729
(State or Other Jurisdiction of  Incorporation or Organization)	(I.R.S. Employer Identification No.)
24800 Denso Drive, Suite 2256
Southfield, Michigan	48033
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s Telephone Number, Including Area Code: (248) 352-7300

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes  þ    No  o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes  þ    No  o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large Accelerated Filer  o      Accelerated Filer  þ      Non-Accelerated Filer  o      Smaller Reporting Company  o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes  o    No  þ

Number of shares of common stock outstanding as of August 3, 2015: 26,588,347

TABLE OF CONTENTS
					Page
PART I	-	FINANCIAL INFORMATION
		Item 1	-	Financial Statements (Unaudited)
				Condensed Consolidated Statements of Operations	1
				Condensed Consolidated Statements of Comprehensive Income (Loss)	2
				Condensed Consolidated Balance Sheets	3
				Condensed Consolidated Statements of Cash Flows	4
				Condensed Consolidated Statement of Shareholders’ Equity	5
				Notes to Condensed Consolidated Financial Statements	6
		Item 2	-	Management’s Discussion and Analysis of Financial Condition and Results of Operations	21
		Item 3	-	Quantitative and Qualitative Disclosures About Market Risk	34
		Item 4	-	Controls and Procedures	35
PART II	-	OTHER INFORMATION
		Item 1	-	Legal Proceedings	35
		Item 1A	-	Risk Factors	36
		Item 2	-	Unregistered Sales of Equity Securities and Use of Proceeds	36
		Item 6	-	Exhibits	36
		Signatures			38

PART I

FINANCIAL INFORMATION

Item 1. Financial Statements

Superior Industries International, Inc.

Condensed Consolidated Statements of Operations

(Dollars in thousands, except per share data)

(Unaudited)

	Thirteen Weeks Ended						Twenty-six Weeks Ended
	June 28, 2015			June 29, 2014			June 28, 2015			June 29, 2014
NET SALES	$	183,940		$	198,966		$	357,669		$	382,356
Cost of sales:
Cost of sales	162,455			183,234			323,089			350,988
Restructuring costs (Note 3)	1,565			—			3,438			—
	164,020			183,234			326,527			350,988
GROSS PROFIT	19,920			15,732			31,142			31,368
Selling, general and administrative expenses	8,881			7,288			16,433			15,221
INCOME FROM OPERATIONS	11,039			8,444			14,709			16,147
Interest income, net	57			311			142			660
Other expense, net	(362		)	(93		)	(544		)	(86		)
INCOME BEFORE INCOME TAXES	10,734			8,662			14,307			16,721
Provision for Income taxes	(4,200		)	(3,623		)	(3,439		)	(6,860		)
NET INCOME	$	6,534		$	5,039		$	10,868		$	9,861
INCOME PER SHARE - BASIC	$	0.24		$	0.19		$	0.41		$	0.36
INCOME PER SHARE - DILUTED	$	0.24		$	0.18		$	0.40		$	0.36
DIVIDENDS DECLARED PER SHARE	$	0.18		$	0.18		$	0.36		$	0.36

The accompanying notes are an integral part of these condensed consolidated financial statements.

1

Superior Industries International, Inc.

Condensed Consolidated Statements of Comprehensive Income (Loss)

(Dollars in thousands)

(Unaudited)

	Thirteen Weeks Ended						Twenty-six Weeks Ended
	June 28, 2015			June 29, 2014			June 28, 2015			June 29, 2014
Net income	$	6,534		$	5,039		$	10,868		$	9,861
Other comprehensive income (loss), net of tax:
Foreign currency translation gain (loss), net of tax	(2,311		)	529			(6,036		)	418
Change in unrecognized gains (losses) on derivative instruments:
Unrealized hedging losses, net of tax	(928		)	—			(3,020		)	—
Reclassification of realized losses to net income, net of tax	1,216			—			2,210			—
Change in unrecognized gains (losses) on derivative instruments, net of tax	288			—			(810		)	—
Defined benefit pension plan:
Amortization of amounts resulting from changes in actuarial assumptions	134			30			268			59
Tax provision	(50		)	(11		)	(100		)	(22		)
Pension changes, net of tax	84			19			168			37
Other comprehensive income (loss), net of tax	(1,939		)	548			(6,678		)	455
Comprehensive income	$	4,595		$	5,587		$	4,190		$	10,316

The accompanying notes are an integral part of these condensed consolidated financial statements.

2

Superior Industries International, Inc.

Condensed Consolidated Balance Sheets

(Dollars in thousands)

(Unaudited)

	June 28, 2015			December 28, 2014
ASSETS
Current assets:
Cash and cash equivalents	$	57,341		$	62,451
Short term investments	1,150			3,750
Accounts receivable, net	102,442			102,493
Inventories	69,412			74,677
Income taxes receivable	1,420			3,740
Deferred income taxes, net	9,764			9,897
Other current assets	24,555			19,003
Total current assets	266,084			276,011
Property, plant and equipment, net	247,649			255,035
Investment in and advances to unconsolidated affiliate	2,000			2,000
Non-current deferred income taxes, net	15,216			17,852
Non-current assets	30,486			29,012
Total assets	$	561,435		$	579,910
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	22,936		$	23,938
Accrued expenses	43,699			48,024
Total current liabilities	66,635			71,962
Non-current income tax liabilities	7,190			13,621
Non-current deferred income tax liabilities, net	15,219			15,122
Other non-current liabilities	40,075			40,199
Commitments and contingencies (Note 17)	—			—
Shareholders' equity:
Preferred stock, $0.01 par value
Authorized - 1,000,000 shares
Issued - none	—			—
Common stock, $0.01 par value
Authorized - 100,000,000 shares
Issued and outstanding - 26,727,997 shares
(26,730,247 shares at December 28, 2014)	86,579			81,473
Accumulated other comprehensive loss	(88,103		)	(81,425		)
Retained earnings	433,840			438,958
Total shareholders' equity	432,316			439,006
Total liabilities and shareholders' equity	$	561,435		$	579,910

The accompanying notes are an integral part of these condensed consolidated financial statements.

3

Superior Industries International, Inc.

Condensed Consolidated Statements of Cash Flows

(Dollars in thousands)

(Unaudited)

	Twenty-six Weeks Ended
	June 28, 2015			June 29, 2014
NET CASH PROVIDED BY OPERATING ACTIVITIES	$	25,208		$	1,541
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to property, plant and equipment	(23,335		)	(55,478		)
Proceeds from life insurance policy	278			352
Proceeds from sales and maturities of investments	2,600			2,800
Purchase of investments	—			(2,800		)
Proceeds from sale of property, plant and equipment	1,758			93
Other	37			71
NET CASH USED IN INVESTING ACTIVITIES	(18,662		)	(54,962		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Cash dividends paid	(9,589		)	(9,776		)
Cash paid for common stock repurchase	(7,547		)	(12,979		)
Proceeds from exercise of stock options	6,484			3,471
Excess tax benefits from exercise of stock options	6			26
NET CASH USED IN FINANCING ACTIVITIES	(10,646		)	(19,258		)
Effect of exchange rate changes on cash	(1,010		)	75
Net decrease in cash and cash equivalents	(5,110		)	(72,604		)
Cash and cash equivalents at the beginning of the period	62,451			199,301
Cash and cash equivalents at the end of the period	$	57,341		$	126,697

The accompanying notes are an integral part of these condensed consolidated financial statements.

4

Superior Industries International, Inc.

Condensed Consolidated Statement of Shareholders’ Equity

(Dollars in thousands, except per share data)

(Unaudited)

	Common Stock					Accumulated Other Comprehensive Income (Loss)
	Number of Shares		Amount			Unrecognized Gains/Losses on Derivative Instruments			Pension Obligations			Cumulative Translation Adjustment			Retained Earnings			Total
Balance at December 28, 2014	26,730,247		$	81,473		$	(4,765	)	$	(5,186	)	$	(71,474	)	$	438,958		$	439,006
Net income															10,868			10,868
Change in gains/losses on derivative instruments, net of tax						(810		)	—			—			—			(810		)
Change in employee benefit plans, net of taxes									168			—			—			168
Net foreign currency translation adjustment									—			(6,036		)	—			(6,036		)
Stock options exercised	375,178		6,484						—			—			—			6,484
Restricted stock awards granted, net of forfeitures	17,285		—						—			—			—			—
Stock-based compensation expense	—		1,270						—			—			—			1,270
Tax impact of stock options	—		(1,389		)				—			—			—			(1,389		)
Common stock repurchased	(394,713	)	(1,259		)				—			—			(6,288		)	(7,547		)
Cash dividends declared ($0.18 per share)	—		—						—			—			(9,698		)	(9,698		)
Balance at June 28, 2015	26,727,997		$	86,579		$	(5,575	)	$	(5,018	)	$	(77,510	)	$	433,840		$	432,316

The accompanying notes are an integral part of these condensed consolidated financial statements.

5

Superior Industries International, Inc.

Notes to Condensed Consolidated Financial Statements

June 28, 2015

(Unaudited)

Note 1 – Nature of Operations

Headquartered in Southfield, Michigan, the principal business of Superior Industries International, Inc. (referred to herein as the “company” or in the first person notation “we,” “us” and “our”) is the design and manufacture of aluminum road wheels for sale to original equipment manufacturers ("OEMs"). We are one of the largest suppliers of cast aluminum wheels to the world’s leading automobile and light-duty truck manufacturers, with wheel manufacturing operations in the United States and Mexico.  Customers in North America represent the principal market for our products. In addition, the majority of our net sales to international customers by our North American facilities are delivered primarily to such customers' assembly operations in North America.

Ford Motor Company ("Ford"), General Motors Company ("GM") and Toyota Motor Company ("Toyota") were our customers individually accounting for more than 10 percent of our consolidated sales in the first two quarters of 2015 and together represented approximately 83 percent of our total sales during the first two quarters of 2015. Additionally, Fiat Chrysler Automotive N.V. ("FCA") individually accounted for more than 10 percent of our consolidated sales during the first two quarters of 2014 and together with Ford, GM and Toyota represented approximately 90 percent of our total sales during the first two quarters of 2014. We also manufacture aluminum wheels for BMW, Mazda, Mitsubishi, Nissan, Subaru, Tesla and Volkswagen.  The loss of all or a substantial portion of our sales to Ford, GM or Toyota would have a significant adverse impact on our operating results and financial condition. This risk is partially mitigated by our long-term relationships with these OEM customers and our supply arrangements, which are generally for multi-year periods.

Demand for automobiles and light-duty trucks (including SUV's and crossover vehicles) in the North American market is subject to many unpredictable factors such as changes in the general economy, gasoline prices, consumer credit availability and interest rates.  Demand for aluminum wheels can be further affected by other factors, including pricing and performance compared to competitive materials such as steel.  Finally, the demand for our products is influenced by shifts of market share between vehicle manufacturers and the specific market penetration of individual vehicle platforms being sold by our customers.

While we historically have had long-term relationships with our customers and our supply arrangements generally are for multi-year periods, maintaining such long-term arrangements on terms acceptable to us has become increasingly difficult. Global competitive pricing pressures continue to affect our business negatively as our customers maintain and/or further develop alternative supplier options. Increasingly global procurement practices and competition, and the pressure for price reductions, may make it more difficult to maintain long-term supply arrangements with our customers. As a result, there can be no guarantees that we will be able to negotiate supply arrangements with our customers on terms acceptable to us in the future.

We are engaged in ongoing programs to reduce our own costs through improved operational and procurement practices in an attempt to mitigate the impact of these pricing pressures. However, these improvement programs may not be sufficient to offset the adverse impact of ongoing pricing pressures and potential reductions in customer demand in future periods. Additional factors such as inconsistent customer ordering patterns, increasing product complexity and heightened quality standards also are making it increasingly difficult to reduce our costs. It is also possible that as we incur costs to implement improvement strategies, the initial impact of these strategies on our financial position, results of operations and cash flow may be negative.

The raw materials used in producing our products are readily available and are obtained through suppliers with whom we have, in many cases, relatively long-standing trade relations.

Note 2 – Presentation of Condensed Consolidated Financial Statements

During interim periods, we follow the accounting policies set forth in our Annual Report on Form 10-K for the fiscal year ended December 28, 2014 (the "2014 Annual Report on Form 10-K") and apply appropriate interim financial reporting standards for a fair statement of our operating results and financial position in conformity with accounting principles generally accepted in the United States of America, as codified by the Financial Accounting Standards Board ("FASB") in the Accounting Standards Codification ("ASC") (referred to herein as "U.S. GAAP"), as indicated below.  Users of financial information produced for interim periods in 2015 are encouraged to read this Quarterly Report on Form 10-Q in conjunction with our consolidated financial statements and notes thereto filed with the Securities and Exchange Commission ("SEC") in our 2014 Annual Report on Form 10-K.

Interim financial reporting standards require us to make estimates that are based on assumptions regarding the outcome of future events and circumstances not known at that time, including the use of estimated effective tax rates.  Inevitably, some assumptions

6

will not materialize, unanticipated events or circumstances may occur which vary from those estimates and such variations may significantly affect our future results. Additionally, interim results may not be indicative of our results for future interim periods or our annual results.

We use a 4-4-5 convention for our fiscal quarters, which are thirteen week periods generally ending on the last Sunday of each calendar quarter.  We refer to these thirteen week fiscal periods as “quarters” throughout this report.  The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the SEC’s requirements for Form 10-Q and, in our opinion, contain all adjustments, of a normal and recurring nature, which are necessary for a fair statement of (i) the condensed consolidated statements of operations for the thirteen and twenty-six week periods ended June 28, 2015 and June 29, 2014, (ii) the condensed consolidated statements of comprehensive income (loss) for the thirteen and twenty-six week periods ended June 28, 2015 and June 29, 2014, (iii) the condensed consolidated balance sheets at June 28, 2015 and December 28, 2014, (iv) the condensed consolidated statements of cash flows for the twenty-six week periods ended June 28, 2015 and June 29, 2014, and (v) the condensed consolidated statement of shareholders’ equity for the twenty-six week period ended June 28, 2015. However, the accompanying unaudited condensed consolidated financial statements do not include all information and notes required by U.S. GAAP.  The condensed consolidated balance sheet as of December 28, 2014, included in this report, was derived from our 2014 audited financial statements, but does not include all disclosures required by U.S. GAAP.

New Accounting Pronouncements

In May 2014, the FASB issued an Accounting Standards Update ("ASU') entitled “Revenue from Contracts with Customers.” The ASU requires that an entity recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. For a public entity, the amendments in this ASU are effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early application is not permitted. In April 2015, the FASB proposed a one-year deferral of the effective date. Under the proposal, the standard would be required to be adopted by public business entities in annual periods beginning on or after December 15, 2017. The FASB also proposed to permit early adoption at the original effective date. We are evaluating the impact this guidance will have on our financial position and statement of operations.

In June 2014, the FASB issued an ASU entitled "Compensation - Stock Compensation." The ASU provides guidance on when the terms of an award provide that a performance target could be achieved after the requisite service period. The new guidance becomes effective for annual reporting periods beginning after December 15, 2015, early adoption is permitted.  We are currently evaluating the impact this guidance will have on our financial position and results of operations.

In January 2015, the FASB issued an ASU entitled “Income Statement - Extraordinary and Unusual Items.” The ASU requires that an entity simplify Income Statement presentation by eliminating the concept of "Extraordinary Items". The amendments in this ASU are effective for annual reporting periods beginning after December 15, 2015, including interim periods within that reporting period. Early adoption is permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. We are evaluating the impact this guidance will have on our financial position and statement of operations.

In February 2015, the FASB issued an ASU entitled “Consolidation.” The ASU includes amendments to the consolidation analysis which are effective for annual reporting periods beginning after December 15, 2015, including interim periods within that reporting period. Early adoption, including adoption in interim periods, is permitted. We are evaluating the impact this guidance will have on our financial position and statement of operations.

In April 2015, the FASB issued an ASU entitled “Interest - Imputation of Interest.” The ASU requires that an entity simplify the presentation of debt issuance costs, the amendments in this ASU are effective for annual reporting periods beginning after December 15, 2015, including interim periods within that reporting period. Early adoption is allowed for all entities for financial statements that have not been previously issued. We are evaluating the impact this guidance will have on our financial position and statement of operations.

In April 2015, the FASB issued an ASU entitled “Compensation - Retired Benefits.” The ASU provides practical expedients for the measurement date of an employer's defined benefit obligation and plan assets. The amendments in this ASU are effective for annual reporting periods beginning after December 15, 2015, including interim periods within that reporting period, early adoption is permitted. We are evaluating the impact this guidance will have on our financial position and statement of operations.

In June 2015, the FASB issued an ASU entitled “Technical Corrections and Improvements.” The ASU provides changes to clarify the ASC, correct unintended application of guidance, and make minor improvements to the ASC. The amendments in this ASU that require transition guidance are effective for annual reporting periods beginning after December 15, 2015, including interim periods within that reporting period. Early adoption is permitted, including adoption in an interim period. All other amendments

7

will be effective upon the issuance of this update. We are evaluating the impact this guidance will have on our financial position and statement of operations.

Note 3 – Restructuring

During the second half of 2014, we completed a review of initiatives to reduce costs and enhance our competitive position. Based on this review, we committed to a plan to close operations at our Rogers, Arkansas manufacturing facility. During the fourth quarter of 2014 we shifted production to our other locations and closed operations at the Rogers facility. The closure resulted in a workforce reduction of approximately 500 employees. Additional restructuring actions taken in 2014 included a reduction in our Mexico workforce and the sale of one of the company’s aircraft. In 2015, the company continued its efforts to reduce costs by further reducing our labor costs in the U.S., completing the final sale of our remaining aircraft and selling an idle warehousing facility in Memphis, Tennessee. The results for the first half of 2015 reflect $3.4 million of additional costs charged to gross profit due to the closure of our Rogers facility, charges totaling $0.2 million in SG&A for the write-down of the carrying value of the aircraft we sold in February 2015 and a $0.5 million gain on the sale of the idle warehousing facility located in Memphis, Tennessee.Additional expenses related to the Rogers facility fixed assets and other closing costs are expected to continue throughout 2015.

The total cost expected to be incurred as a result of the Rogers facility closure is $14.0 million, of which $5.9 million is expected to be paid in cash. As of June 28, 2015, estimated remaining cash payments total $1.1 million.

The following table summarizes the Rogers, Arkansas plant closure costs and classification in the condensed consolidated statements of operations as of June 28, 2015:

(Dollars in thousands)	Costs Incurred Through December 28, 2014		Costs Incurred During the Twenty-six Week Period Ended June 28, 2015		Costs Remaining		Total Expected Costs		Classification
Depreciation of assets to be abandoned and depreciation on idled assets	$	5,365	$	950	$	1,224	$	7,539	Cost of sales, Restructuring costs
One-time severance costs	1,897		181		—		2,078		Cost of sales, Restructuring costs
Equipment removal, inventory write-down, lease termination and other costs	1,167		2,307		956		4,430		Cost of sales, Restructuring costs
	$	8,429	$	3,438	$	2,180	$	14,047

Changes in the accrued expenses related to restructuring liabilities during the twenty-six weeks ended June 28, 2015 are summarized as follows:

(Dollars in thousands)
Balance December 28, 2014	$	215
Restructuring accruals	2,180
Cash payments	(2,231		)
Balance June 28, 2015	$	164

Note 4 - Fair Value Measurements

The company applies fair value accounting for all financial assets and liabilities and non-financial assets and liabilities that are recognized or disclosed at fair value in the financial statements on a recurring basis, while other assets and liabilities are measured at fair value on a nonrecurring basis, such as when we have an asset impairment. Fair value is estimated by applying the following

8

hierarchy, which prioritizes the inputs used to measure fair value into three levels and bases the categorization within the hierarchy upon the lowest level of input that is available and significant to the fair value measurement:

Level 1 – Quoted prices in active markets for identical assets or liabilities.

Level 2 – Observable inputs other than quoted prices in active markets for identical assets and liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

Level 3 – Inputs that are generally unobservable and typically reflect management’s estimate of assumptions that market participants would use in pricing the asset or liability.

The carrying amounts for cash and cash equivalents, investments in certificates of deposit, accounts receivable, accounts payable and accrued expenses approximate their fair values due to the short period of time until maturity.

Cash and Cash Equivalents

Included in Cash and cash equivalents are highly liquid investments that are readily convertible to known amounts of cash, and which are subject to an insignificant risk of change in value due to interest rate, quoted price, or penalty on withdrawal. A debt security is classified as a cash equivalent if it meets these criteria and if it has a remaining time to maturity of three months or less from the date of acquisition. Amounts on deposit and available upon demand, or negotiated to provide for daily liquidity without penalty, are classified as Cash and cash equivalents. Time deposits, certificates of deposit, and money market accounts that meet the above criteria are reported at par value on our balance sheet and are excluded from the table below.

Derivative Financial Instruments

Our derivatives are over-the-counter customized derivative transactions and are not exchange traded. We estimate the fair value of these instruments using industry-standard valuation models such as a discounted cash flow. These models project future cash flows and discount the future amounts to a present value using market-based expectations for interest rates, foreign exchange rates, commodity prices, and the contractual terms of the derivative instruments. The discount rate used is the relevant interbank deposit rate (e.g., LIBOR) plus an adjustment for non-performance risk. In certain cases, market data may not be available and we may use broker quotes and models (e.g., Black-Scholes) to determine fair value. This includes situations where there is lack of liquidity for a particular currency or commodity or when the instrument is longer dated.

Investment in Unconsolidated Affiliate

In October 2014, a typhoon caused significant damage to the facilities and operations of Synergies Castings Limited ("Synergies"), a private aluminum wheel manufacturer based in Visakhapatnam, India, a company in which we hold an investment carried on the cost method of accounting (see Note 11 - Investment in Unconsolidated Affiliate). In the fourth quarter of 2014 we tested the $4.5 million carrying value of our investment in Synergies for impairment. Based on our evaluation, we determined there was an other-than-temporary impairment and wrote the investment down to its estimated fair value of $2.0 million, with the $2.5 million loss recognized in income. The valuation was based on an income approach using current financial forecast data and rates and assumptions market participants would use in pricing the investment using level 3 inputs.

The following table categorizes items measured at fair value, on a recurring basis, at June 28, 2015:

			Fair Value Measurement at Reporting Date Using
			Quoted Prices		Significant Other		Significant
			in Active Markets		Observable		Unobservable
			for Identical Assets		Inputs		Inputs
June 28, 2015			(Level 1)		(Level 2)		(Level 3)
(Dollars in thousands)
Assets
Certificates of deposit	$	1,150	$	—	$	1,150	$	—
Total	$	1,150	$	—	$	1,150	$	—
Liabilities
Derivative contracts	$	9,238	$	—	$	9,238	$	—
Total	$	9,238	$	—	$	9,238	$	—

The following table categorizes items measured at fair value, on a recurring and unrecurring basis at December 28, 2014:

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			Fair Value Measurement at Reporting Date Using
			Quoted Prices		Significant Other		Significant
			in Active Markets		Observable		Unobservable
			for Identical Assets		Inputs		Inputs
December 28, 2014			(Level 1)		(Level 2)		(Level 3)
(Dollars in thousands)
Assets
Certificates of deposit	$	3,750	$	—	$	3,750	$	—
Investment in unconsolidated affiliate	2,000		—		—		2,000
Total	$	5,750	$	—	$	3,750	$	2,000
Liabilities
Derivative contracts	$	7,552	$	—	$	7,552	$	—
Total	$	7,552	$	—	$	7,552	$	—

Note 5 - Derivative Financial Instruments

We use derivatives to partially offset our business exposure to foreign currency risk. We may enter into forward contracts, option contracts, swaps, collars or other derivative instruments to offset some of the risk on expected future cash flows and on certain existing assets and liabilities. However, we may choose not to hedge certain exposures for a variety of reasons including, but not limited to, accounting considerations and the prohibitive economic cost of hedging particular exposures. There can be no assurance the hedges will offset more than a portion of the financial impact resulting from movements in foreign currency exchange rates.

To help protect gross margins from fluctuations in foreign currency exchange rates, certain of our subsidiaries whose functional currency is the U.S. dollar hedge a portion of forecasted foreign currency costs. Generally, we may hedge portions of our forecasted foreign currency exposure associated with costs, typically for up to 24 months.

We record all derivatives in the consolidated balance sheets at fair value. Our accounting treatment for these instruments is based on the hedge designation. The effective portions of cash flow hedges are recorded in Accumulated Other Comprehensive Income ("AOCI") until the hedged item is recognized in earnings. The ineffective portions of cash flow hedges are recorded in cost of sales. Derivatives that are not designated as hedging instruments are adjusted to fair value through earnings in the financial statement line item to which the derivative relates.

Deferred gains and losses associated with cash flow hedges of foreign currency costs are recognized as a component of cost of sales in the same period as the related cost is recognized. Our foreign currency transactions hedged with cash flow hedges as of June 28, 2015, are expected to occur monthly through December 2017.

Derivative instruments designated as cash flow hedges must be de-designated as hedges when it is probable the forecasted hedged transaction will not occur in the initially identified time period or within a subsequent two-month time period. Deferred gains and losses in AOCI associated with such derivative instruments are reclassified immediately into other income and expense. Any subsequent changes in fair value of such derivative instruments are reflected in other income and expense unless they are re-designated as hedges of other transactions. We have not recognized any net gains or losses related to the loss of hedge designation on discontinued cash flow hedges.

We had no gains or losses recognized in other income and expense for foreign currency forward and option contracts not designated as hedging instruments during the thirteen week period ended June 28, 2015 or the year ended December 28, 2014.

The following table displays the fair value of derivatives by balance sheet line item:

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	June 28, 2015								December 28, 2014
(Dollars in thousands)	Other Non-current Assets		Accrued Liabilities			Other Non-current Liabilities			Accrued Liabilities			Other Non-current Liabilities
Foreign exchange forward contracts and collars designated as hedging instruments	$	324	$	(6,598	)	$	(2,640	)	$	(5,598	)	$	(1,954	)
Total derivative instruments	$	324	$	(6,598	)	$	(2,640	)	$	(5,598	)	$	(1,954	)

The following table summarizes the notional amount and estimated fair value of our derivative financial instruments:

	June 28, 2015							December 28, 2014
(Dollars in thousands)	Local Currency Notional Amount		U.S. Dollar Notional Amount		Fair Value			Local Currency Notional Amount		U.S. Dollar Notional Amount		Fair Value
Mexico Pesos (Collars) (1)	$	131,500	$	780	$	(106	)	$	—	$	—	$	—
Mexico Pesos (Forwards)	1,699,477		115,457		(8,808		)	1,620,386		115,442		(7,552		)
Total derivative financial instruments	$	1,830,977	$	116,237	$	(8,914	)	$	1,620,386	$	115,442	$	(7,552	)

(1) The collars include Mexico peso call options with a notional amount of MXN 131.5 million and Mexico peso put options with a notional amount of MXN 131.5 million, as of June 28, 2015.

Notional amounts are presented on a gross basis. The notional amounts of the derivative financial instruments do not represent amounts exchanged by the parties and, therefore, are not a direct measure of our exposure to the financial risks described above. The amounts exchanged are calculated by reference to the notional amounts and by other terms of the derivatives, such as interest rates, foreign currency exchange rates, or commodity volumes and prices. The hedging contracts mature monthly through December 2017.

The following table provides the impact of derivative instruments designated as cash flow hedges on our consolidated income statement:

Twenty-six Week Period Ended June 28, 2015	Amount of Gain or (Loss)Recognized in OCI on Derivatives (Effective Portion)			Amount of Gain or(Loss) Reclassified from AOCI into Income (Effective Portion)			Amount of Pre-tax Gain or(Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)
(Thousands of dollars)
Foreign exchange forward contracts and collars	$	(4,830	)	$	(3,534	)	$	—
Total	$	(4,830	)	$	(3,534	)	$	—

Note 6 – Business Segments

Our Chief Executive Officer is our chief operating decision maker ("CODM").  Our CODM evaluates both consolidated and disaggregated financial information at each manufacturing facility in deciding how to allocate resources and assess performance.  Each manufacturing facility functions as a separate cost center, manufactures the same products, ships product to the same group of customers, and utilizes the same cast manufacturing process and, as a result, production can be transferred among our facilities.  Accordingly, we operate as a single integrated business and, as such, have only one operating segment - original equipment aluminum automotive wheels.  Net sales and net property, plant and equipment by geographic area are summarized below.

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(Dollars in thousands)	Thirteen Weeks Ended				Twenty-six Weeks Ended
Net sales:	June 28, 2015		June 29, 2014		June 28, 2015		June 29, 2014
U.S.	41,708		73,583		85,327		$	138,068
Mexico	142,232		125,383		272,342		244,288
Consolidated net sales	$	183,940	$	198,966	$	357,669	$	382,356
Property, plant and equipment, net:					June 28, 2015		December 28, 2014
U.S.					$	48,118	$	55,120
Mexico					199,531		199,915
Consolidated property, plant and equipment, net					$	247,649	$	255,035

Note 7 – Short-Term Investments

The company's short-term investments include certificates of deposit and fixed deposits whose original maturity is greater than three months and is one year or less. Certificates of deposit and fixed deposits whose original maturity is three months or less are classified as cash equivalents and certificates of deposit and fixed deposits whose maturity is greater than one year at the balance sheet date are classified as non-current assets in our condensed consolidated balance sheet. The purchase of any certificate of deposit or fixed deposit that is classified as a short-term investment or non-current asset appears in the investing section of our condensed consolidated statement of cash flows.

Restricted Deposits

We purchase certificates of deposit with maturity dates that expire within twelve months that are used to directly secure or collateralize letters of credit securing our workers’ compensation obligations.  At June 28, 2015 and December 28, 2014, certificates of deposit totaling $1.2 million were restricted in use and were classified as short-term investments on our condensed consolidated balance sheets. 

Note 8 – Accounts Receivable

(Dollars in thousands)
	June 28, 2015			December 28, 2014
Trade receivables	$	93,950		$	96,177
Other receivables	9,563			6,830
	103,513			103,007
Allowance for doubtful accounts	(1,071		)	(514		)
Accounts receivable, net	$	102,442		$	102,493

Note 9 – Inventories

(Dollars in thousands)
	June 28, 2015		December 28, 2014
Raw materials	$	16,701	$	19,427
Work in process	29,607		30,797
Finished goods	23,104		24,453
Inventories	$	69,412	$	74,677

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Service wheel and supplies inventory included in other non-current assets in the condensed consolidated balance sheets totaled $6.5 million and $6.4 million at June 28, 2015 and December 28, 2014, respectively. Included in raw materials was supplies inventory totaling $8.8 million on June 28, 2015 and December 28, 2014, respectively.

Note 10 – Property, Plant and Equipment

(Dollars in thousands)
	June 28, 2015			December 28, 2014
Land and buildings	$	78,660		$	91,209
Machinery and equipment	480,688			447,880
Leasehold improvements and others	5,353			6,865
Construction in progress	34,178			59,600
	598,879			605,554
Accumulated depreciation	(351,230		)	(350,519		)
Property, plant and equipment, net	$	247,649		$	255,035

Construction in progress includes $18.8 million and $47.8 million of costs related to our new wheel plant under construction in Mexico, at June 28, 2015 and December 28, 2014, respectively. Depreciation expense was $17.0 million and $14.4 million for the twenty-six weeks ended June 28, 2015 and June 29, 2014, respectively.

Note 11 – Investment in Unconsolidated Affiliate

On June 28, 2010, we executed a share subscription agreement with Synergies, a private aluminum wheel manufacturer based in Visakhapatnam, India, providing for our acquisition of a minority interest in Synergies. As of June 28, 2015, the total cash investment in Synergies amounted to $4.5 million, representing 12.6% of the outstanding equity shares of Synergies. Our Synergies investment is accounted for using the cost method. During 2011, a group of existing equity holders, including the company, made a loan of $1.5 million to Synergies for working capital needs. The company's share of this unsecured advance was $0.5 million. The remaining principal balance of the unsecured advance was paid in full during the first quarter of 2015.

In October 2014, a typhoon caused significant damage to the facilities and operations of Synergies, and in the fourth quarter of 2014 we tested the $4.5 million carrying value of our investment for impairment. Based on our evaluation, we determined there was an other-than-temporary impairment and wrote the investment down to its estimated fair value of $2.0 million, with the $2.5 million loss recognized in income for the year ended December 28, 2014. The valuation was based on an income approach using current financial forecast data, and rates and assumptions market participants would use in pricing the investment.

Note 12 – Pre-Production Costs Related to Long-Term Supply Arrangements

We incur preproduction engineering and tooling costs related to the products manufactured for our customers under long-term supply agreements. We amortize the cost of the customer-owned tooling over the expected life of the wheel program on a straight line basis. Also, we defer any reimbursements made to us by our customers and recognize the tooling reimbursement revenue over the same period in which the tooling is in use. Recognized deferred tooling revenues included in net sales in the condensed consolidated statements of operations totaled $1.5 million and $2.1 million for the thirteen weeks ended June 28, 2015 and June 29, 2014 respectively, and $3.2 million and $4.1 million for the twenty-six weeks ended June 28, 2015 and June 29, 2014, respectively. The following table summarizes the unamortized customer-owned tooling costs included in our non-current assets, and the deferred tooling revenues included in accrued expenses and other non-current liabilities.

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(Dollars in Thousands)	June 28, 2015			December 28, 2014
Unamortized Preproduction Costs
Preproduction costs	$	69,683		$	65,621
Accumulated amortization	(56,284		)	(53,408		)
Net preproduction costs	$	13,399		$	12,213
Deferred Tooling Revenues
Accrued expenses	$	3,865		$	4,833
Other non-current liabilities	1,954			2,449
Total deferred tooling revenues	$	5,819		$	7,282

Note 13 – Income Per Share

In accordance with U.S. GAAP, basic net income per share is computed by dividing net income by the weighted average number of common shares outstanding during the period.  Diluted earnings per share includes the dilutive effect of outstanding stock options calculated using the treasury stock method.

The computation of diluted earnings per share does not include stock option awards that were outstanding and anti-dilutive (i.e., including such awards would result in higher earnings per share), since the exercise prices of these awards exceeded the average market price of the company’s common stock during the respective periods.  For the thirteen and twenty-six week periods ended June 28, 2015 there were 0.2 million shares issuable under outstanding stock options excluded from the computations. For the thirteen and twenty-six week periods ended June 29, 2014, there were 0.9 million shares issuable under outstanding stock options excluded from the computations.  Summarized below are the calculations of basic and diluted earnings per share.

(In thousands, except per share amounts)	Thirteen Weeks Ended				Twenty-six Weeks Ended
	June 28, 2015		June 29, 2014		June 28, 2015		June 29, 2014
Basic Income Per Share:
Reported net income	$	6,534	$	5,039	$	10,868	$	9,861
Basic income per share	$	0.24	$	0.19	$	0.41	$	0.36
Weighted average shares outstanding - Basic	26,719		27,180		26,788		27,148
Diluted Income Per Share:
Reported net income	$	6,534	$	5,039	$	10,868	$	9,861
Diluted income per share	$	0.24	$	0.18	$	0.40	$	0.36
Weighted average shares outstanding	26,719		27,180		26,788		27,148
Weighted average dilutive stock options	47		179		48		155
Weighted average shares outstanding - Diluted	26,766		27,359		26,836		27,303

Note 14 – Income Taxes

We account for income taxes using the asset and liability method. The asset and liability method requires the recognition of deferred tax assets and liabilities for expected future tax consequences of temporary differences that currently exist between the tax basis and financial reporting basis of our assets and liabilities. We calculate current and deferred tax provisions based on estimates and assumptions that could differ from actual results reflected on the income tax returns filed during the following years. Adjustments based on filed returns are recorded when identified in the subsequent years.

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The effect on deferred taxes of a change in tax rates is recognized in income in the period that the tax rate change is enacted. In assessing the likelihood of realization of deferred tax assets, we consider whether it is more likely than not that some portion of the deferred tax assets will not be realized. A valuation allowance is provided for deferred income taxes when, in our judgment, based upon currently available information and other factors, it is more likely than not that all or a portion of such deferred income tax assets will not be realized. The determination of the need for a valuation allowance is based on an on-going evaluation of current information including, among other things, historical operating results, estimates of future earnings in different taxing jurisdictions and the expected timing of the reversals of temporary differences. We believe that the determination to record a valuation allowance to reduce a deferred income tax asset is a significant accounting estimate because it is based, among other things, on an estimate of future taxable income in the United States and certain other jurisdictions, which is susceptible to change and may or may not occur, and because the impact of adjusting a valuation allowance may be material. Our valuation allowances totaled $3.9 million as of December 28, 2014, and relates to state deferred tax assets for net operating loss and tax credit carryforwards that are not expected to be realized due to changes in tax law, and cessation of business in Kansas.

We record uncertain tax positions in accordance with U.S. GAAP on the basis of a two-step process whereby (1) we determine whether it is more likely than not that the tax positions will be sustained on the basis of the technical merits of the position and (2) for those tax positions that meet the more-likely-than-not recognition threshold, we recognize the largest amount of tax benefit that is more than 50 percent likely to be realized upon ultimate settlement with the related tax authority. If a position does not meet the more likely than not threshold for recognition in step one, no benefit is recorded until the first subsequent period in which the more likely than not standard is met, the issue is resolved with the taxing authority, or the statute of limitations expires. Positions previously recognized are derecognized when we subsequently determine the position no longer is more likely than not to be sustained. Evaluation of tax positions, their technical merits, and measurements using cumulative probability are highly subjective management estimates. Actual results could differ materially from these estimates.

Presently, we have not recorded a deferred tax liability for temporary differences related to investments in foreign subsidiaries that are essentially permanent in duration. These temporary differences may become taxable upon a repatriation of earnings from the subsidiaries or a sale or liquidation of the subsidiaries. At this time, the company does not have any plans to repatriate additional income from its foreign subsidiaries.

The provision for income taxes for the quarter ended June 28, 2015 was $4.2 million, which resulted in an effective income tax rate of 39 percent. For the six-month period ended June 28, 2015 the provision for income taxes was $3.4 million, which resulted in an effective income tax rate of 24 percent. The effective tax rate for the six-month period ended June 28, 2015 was lower than the statutory rate due to the release of certain liabilities related to uncertain tax positions as a result of the expiration of a statute of limitations, partially offset by non-deductible expenses, state income taxes (net of federal tax benefit) and interest and penalties on unrecognized tax benefits.

For the thirteen weeks ended June 29, 2014, the provision for income taxes was $3.6 million, which was an effective income tax rate of 42 percent. For the twenty-six weeks ended June 29, 2014 the provision for income taxes was $6.9 million, which was an effective tax rate of 41 percent. The effective tax rate was unfavorably affected by non-deductible expenses primarily resulting from recent tax law changes in Mexico, state income taxes (net of federal tax benefit) and interest and penalties on unrecognized tax benefits, partially offset by foreign income taxed at rates that are lower than the U. S. statutory rates.

We conduct business internationally and, as a result, one or more of our subsidiaries files income tax returns in U.S. federal, U.S. state and certain foreign jurisdictions.  Accordingly, in the normal course of business, we are subject to examination by taxing authorities throughout the world, including taxing authorities in Mexico, the Netherlands, India and the United States.  We are no longer open for examination by taxing authorities regarding any U.S. federal income tax returns for years before 2012 while the years open for examination under various state and local jurisdictions vary. We expect approximately $1.0 million of unrecognized tax benefits related to ourU.S. and Mexico operations will be recognized in the twelve month period ending March 27, 2016 due to the expiration of certain statutes of limitations or due to settlement of uncertain tax positions.

Note 15 – Retirement Plans

We have an unfunded supplemental executive retirement plan covering certain officers, key members of management and our non-employee directors.  Subject to certain vesting requirements, the plan provides for retirement benefits based on the average of the final thirty-six months of base salary.  Such benefits become payable upon attaining age sixty-five, or upon retirement, if later.  The benefits are paid biweekly and continue for the remainder of the retiree’s life or for a minimum of ten years. The plan was closed to new participants effective February 3, 2011.

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For the twenty-six weeks ended June 28, 2015, payments to retirees or their beneficiaries totaled approximately $0.8 million.  We presently anticipate benefit payments in 2015 to total approximately $2.3 million.  The following table summarizes the components of net periodic pension cost for the second quarter of 2015 and 2014.

(Dollars in thousands)	Thirteen Weeks Ended				Twenty-six Weeks Ended
	June 28, 2015		June 29, 2014		June 28, 2015		June 29, 2014
Service cost	$	11	$	304	$	22	$	325
Interest cost	307		293		615		586
Net amortization	134		29		267		59
Net periodic pension cost	$	452	$	626	$	904	$	970

Note 16 - Line of Credit

On December 19, 2014, we entered into a senior secured credit agreement (the "Credit Agreement") with J.P. Morgan Securities LLC, JP Morgan Chase Bank, N.A. (“JPMCB”) and Wells Fargo Bank, National Association (together with JPMCB, the “Lenders”).

The Credit Agreement consists of a senior secured revolving credit facility in an initial aggregate principal amount of $100.0 million (the “Facility”). In addition, the company is entitled to request, subject to certain terms and conditions and the agreement of the Lenders, an increase in the aggregate revolving commitments under the Facility or to obtain incremental term loans in an aggregate amount not to exceed $50.0 million, which currently is uncommitted to by any lenders. We intend to use the proceeds of the Facility to finance the working capital needs, and for the general corporate purposes of the company and its subsidiaries.

The Credit Agreement expires on December 19, 2019 and borrowings under the Facility accrue interest at (i) a London interbank offered rate plus a margin of between 0.75 percent and 1.25 percent based on the total leverage ratio of Superior and its subsidiaries on a consolidated basis, (ii) a rate based on JPMCB’s prime rate plus a margin of between 0.00 percent and 0.25 percent based on the total leverage ratio of company and its subsidiaries on a consolidated basis or (iii) a combination thereof. Commitment fees are 0.2 percent on the unused portion of the facility. The commitment fees are included as interest expense in our consolidated financial statements.

Generally, all amounts under the Facility are guaranteed by certain of the U.S. subsidiaries of the company and are secured by a first priority security interest in and lien on the personal property of the company and the U.S. guarantors (as defined in the Credit Agreement) and a pledge of and first perfected security interest in the equity interests of the company’s existing and future U.S. subsidiaries and 65 percent of the equity interests in certain non-U.S. direct material subsidiaries of the company and the U.S. guarantors under the Facility.

The Credit Agreement contains certain customary restrictive covenants, including, among others, financial covenants requiring the maintenance of a maximum total leverage ratio and a minimum fixed charge coverage ratio, and also includes, without limitation, covenants, in each case with certain exceptions and allowances, limiting the ability of company and its subsidiaries to incur indebtedness, grant liens, make investments, dispose of assets, make certain restrictive payments, make optional payments and modifications of subordinated debt instruments, enter into certain transactions with affiliates, enter into swap agreements, make capital expenditures or make changes to its lines of business. At June 28, 2015, we were in compliance with all covenants contained in the Credit Agreement. At June 28, 2015, we had no borrowings under this facility.

The Credit Agreement contains customary default provisions, representations and warranties and restrictive covenants.  The Credit Agreement also contains a provision permitting the lenders to accelerate the repayment of all loans outstanding under the Facility during an event of default.

Note 17 – Commitments and Contingencies

Steven J. Borick Separation Agreement

On October 14, 2013, the company and Steven J. Borick entered into a Separation Agreement (the "Separation Agreement"), providing for Mr. Borick's separation from employment as the company's President and Chief Executive Officer. Mr. Borick’s separation was effective March 31, 2014. In accordance with the Separation Agreement, in addition to payment of his salary and accrued vacation through his separation date, the company paid or provided Mr. Borick with the following upon his separation:

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• A lump-sum cash payment of $1,345,833,

• Mr. Borick’s 2013 annual incentive bonus,

• A grant of a number of shares of company common stock equal to the Black-Scholes value of an annual award of120,000stock options divided by the company's closing stock price on the separation date (See Note 18 - Stock-Based Compensation), and

• Vesting of all of Mr. Borick's unvested stock options and unvested restricted stock.

During 2014, the company recognized $1.1 million of compensation expense in connection with the Separation Agreement.

Donald J. Stebbins, Executive Employment Agreement

On April 30, 2014, we entered into an Executive Employment Agreement (the “Employment Agreement”) with Donald J. Stebbins in connection with his appointment as President and Chief Executive Officer of the company. The Employment Agreement became effective May 5, 2014 and is for a 3 year term that expires on April 30, 2017, with additional one-year automatic renewals unless either Mr. Stebbins or the company provides advance notice of nonrenewal of the Employment Agreement. The Employment Agreement provides for an annual base salary of $900,000. Mr. Stebbins may receive annual bonuses based on attainment of performance goals, determined by the company’s independent compensation committee, in the amount of 80 percent of annual base salary at threshold level performance, 100 percent of annual base salary at target level performance, and up to 200 percent of annual base salary for performance substantially above target level.

Mr. Stebbins received inducement grants of restricted stock for 50,000 shares vesting April 30, 2017, and an additional number of shares of 82,455 determined by dividing $1,602,920 by the per share value of the company’s common stock on May 5, 2014, with the additional shares vesting on December 31, 2016. Beginning in 2015, Mr. Stebbins will be granted restricted stock unit awards each year under Superior's 2008 Equity Incentive Plan, or any successor equity plan. Under the Employment Agreement, Mr. Stebbins is to be granted time-vested restricted stock units each year, cliff vesting at the third fiscal year end following grant, for a number of shares equal to 66.7 percent of his annual base salary divided by the per share value of Superior’s common stock on the date of grant. In addition, Mr. Stebbins is to be granted performance-vested restricted stock units each year, vesting based on company performance goals established by the independent compensation committee during the three fiscal years following grant, for a maximum number of shares equal to 200 percent of his annual base salary divided by the per share value of Superior’s common stock on the date of grant. In general, the equity awards vest only if Mr. Stebbins continues in employment with the company through the vesting date or end of the performance period.

The Employment Agreement also contains provisions for severance benefits including lump sum payments calculated based on Mr. Stebbins' base salary and bonus, as well as health care continuation, if he is terminated without “cause” or resigns for “good reason." In addition, if Mr. Stebbins is terminated without “cause” or resigns for “good reason” within one year following a change in control of the company, the severance benefits are increased 100 percent.

Stock Repurchase Program

As discussed in Note19 - Common Stock Repurchase Programs, in October 2014, our Board of Directors approved a new stock repurchase program authorizing the repurchase of up to $30.0 million of our common stock. As of December 31, 2014, additional shares of our common stock with a total cost of $30.0 million may be repurchased under the new stock repurchase program.

Derivatives and Purchase Commitments

In order to hedge exposure related to fluctuations in foreign currency rates and the cost of certain commodities used in the manufacture of our products, we periodically may purchase derivative financial instruments such as forward contracts, options or collars to offset or mitigate the impact of such fluctuations. Programs to hedge currency rate exposure may address ongoing transactions including, foreign-currency-denominated receivables and payables, as well as, specific transactions related to purchase obligations. Programs to hedge exposure to commodity cost fluctuations would be based on underlying physical consumption of such commodities.

Historically, we have not actively engaged in substantial exchange rate hedging activities and, prior to 2014, we had not entered into any significant foreign exchange contracts. However, as a result of customer requirements, a significant shift is occurring in the currency denominated in our contracts with our customers. As a result of this change, we currently project that in 2015 and beyond the vast majority of our revenues will be denominated in the U.S. dollar, rather than a more balanced mix of U.S. dollar and Mexican peso. In the past we have relied upon significant revenues denominated in the Mexican peso to provide a "natural hedge" against foreign exchange rate changes impacting our peso denominated costs incurred at our facilities in Mexico.

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Accordingly, the foreign exchange exposure associated with peso denominated costs is a growing risk factor that could have a material adverse effect on our operating results.

In accordance with our corporate risk management policies, we may enter into foreign currency forward and option contracts with financial institutions to protect against foreign exchange risks associated with certain existing assets and liabilities, certain firmly committed transactions and forecasted future cash flows. We have implemented a program to hedge a portion of our material foreign exchange exposures, typically for up to 24 months. We do not use derivative contracts for trading, market-making, or speculative purposes. For additional information on our derivatives, see Note 5 - Derivative Financial Instruments.

When market conditions warrant, we may also enter into purchase commitments to secure the supply of certain commodities used in the manufacture of our products, such as aluminum, natural gas and other raw materials. We currently have several purchase commitments in place for the delivery of natural gas through 2015. These natural gas contracts are considered to be derivatives under U.S. GAAP, and when entering into these contracts, it was expected that we would take full delivery of the contracted quantities of natural gas over the normal course of business. Accordingly, at inception, these contracts qualified for the normal purchase, normal sale ("NPNS") exemption provided for under U.S. GAAP. As such, we do not account for these purchase commitments as derivatives unless there is a change in facts or circumstances in regard to the company's intent or ability to use the contracted quantities of natural gas over the normal course of business. Based on the quarterly analysis of our estimated future production levels, we believe that our remaining natural gas purchase commitments that were in effect as of June 28, 2015 will continue to qualify for the NPNS exemption since we can assert that it is probable we will take full delivery of the contracted quantities.

Other

We are party to various legal and environmental proceedings incidental to our business.  Certain claims, suits and complaints arising in the ordinary course of business have been filed or are pending against us.  Based on facts now known, we believe all such matters are adequately provided for, covered by insurance, are without merit and/or involve such amounts that would not materially adversely affect our consolidated results of operations, cash flows or financial position.  For additional information concerning contingencies, risks and uncertainties, see Note 20 – Risk Management.

Note 18 – Stock-Based Compensation

2008 Equity Incentive Plan

Our 2008 Equity Incentive Plan (the "Plan") was amended and restated effective May 22, 2013 upon approval by our shareholders at our annual shareholders meeting. As amended, the plan authorizes us to issue up to 3.5 million shares of common stock, along with non-qualified stock options, stock appreciation rights, restricted stock and performance units to our officers, key employees, non-employee directors and consultants.  At June 28, 2015, there were 1.7 million shares available for future grants under this plan. No more than 600,000 shares may be used under the plan as “full value” awards, which include restricted stock and performance units.  It is our policy to issue shares from authorized but not issued shares upon the exercise of stock options.  Options are granted at not less than fair market value on the date of grant and expire no later than ten years after the date of grant.  Options and restricted shares granted under the plan generally require no less than a three year ratable vesting period.

During the first half of 2015no stock options were granted, 375,178 stock options were exercised and 949,919 options were canceled.

During the second quarter of 2015 we granted 23,814 restricted shares to our Board of Directors vesting May 5, 2016. During the first quarter of 2015, the company implemented a long term incentive program for the benefit of certain members of company management. The program was designed to strengthen employee retention and to provide a more structured incentive program to stimulate improvement in future company results. Per the terms of the program, participants were granted time value restricted stock units (“RSUs”), vesting ratably over a three year time period, and performance restricted stock units (“PSUs”), with a three year cliff vesting. Upon vesting, each restricted stock unit is exchangeable for one share of the company’s common stock, with accrued dividends. The PSUs are categorized further into three individual categories whose vesting is contingent upon the achievement of certain targets as follows:

•40% of the PSUs vest upon certain Return on Capital targets

•40% of the PSUs vest upon certain EBITDA margin targets

•20% of the PSUs vest upon certain market based Shareholder Return targets

In the aggregate the company granted a total of 192,631 restricted stock units in 2015, comprising:

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•54,195 time value based RSUs with a grant date fair value of $18.78 per unit

•110,750 PSUs with a grant date fair value of $18.78 per unit

•27,686 market based PSUs with a grant date fair value of $24.81 per unit.

During the second quarter of 2014, we granted 35,081 restricted shares in connection with Mr. Steven J. Borick's, our former company President and Chief Executive Officer's, separation agreement (see Note 17 - Commitments and Contingencies). These shares fully vested on the grant date (March 31, 2014) and the cost was recognized from the date of the separation agreement (October 14, 2013) through March 31, 2014, the separation date. The shares issued also were net of an amount equal to required tax withholdings. The cash equivalent of the withheld shares was remitted by the company to the tax authorities. Restricted share awards, which are generally subject to forfeiture if employment terminates prior to the shares vesting, are expensed ratably over the vesting period. Shares of restricted stock granted under the Plan are considered issued and outstanding at the date of grant and have the same dividend and voting rights as other common stock. Dividends paid on the restricted shares granted under the Plan are non-forfeitable if the restricted shares do not ultimately vest.

Other Awards

During the second quarter of 2014 we granted 132,455 restricted shares, including 50,000 shares vesting April 30, 2017, and 82,455 shares vesting on December 31, 2016. The fair value of each of these restricted shares was $19.44. These grants were made outside of the Plan as inducement grants in connection with the appointment of our new CEO and company President (see Note 17 - Commitments and Contingencies).

Stock-based compensation expense related to our unvested stock options and restricted share awards was allocated as follows:

(Dollars in thousands)	Thirteen Weeks Ended						Twenty-six Weeks Ended
	June 28, 2015			June 29, 2014			June 28, 2015			June 29, 2014
Cost of sales	$	102		$	31		$	194		$	80
Selling, general and administrative expenses	656			659			1,122			1,229
Stock-based compensation expense before income taxes	758			690			1,316			1,309
Income tax benefit	(284		)	(205		)	(494		)	(388		)
Total stock-based compensation expense after income taxes	$	474		$	485		$	822		$	921

As of June 28, 2015, a total of $4.8 million of unrecognized compensation cost related to non-vested awards is expected to be recognized over a weighted average period of approximately 2.2 years.  There were no significant capitalized stock-based compensation costs at June 28, 2015 and December 28, 2014.

Note 19 - Common Stock Repurchase Programs

In March 2013, our Board of Directors approved a stock repurchase program (the "2013 Repurchase Program") authorizing the repurchase of up to $30.0 million of our common stock. This 2013 Repurchase Program replaced the previously existing share repurchase program. Shares repurchased under the 2013 Repurchase Program totaled 1,510,759 at a cost of $30.0 million through December 28, 2014, which included 1,089,560 shares repurchased at a cost of $21.8 million during fiscal 2014. Accordingly, no additional shares may be repurchased under the 2013 Repurchase Program.

In October 2014, our Board of Directors approved a new stock repurchase program (the "2014 Repurchase Program") authorizing the repurchase of up to $30.0 million of our common stock. Under the 2014 Repurchase Program, we may repurchase common stock from time to time on the open market or in private transactions. Currently, we expect to fund the repurchases through available cash, although credit options are being evaluated in the context of total capital needs. The timing and extent of the repurchases under the 2014 Repurchase Program will depend upon market conditions and other corporate considerations in our sole discretion. Shares repurchased under the 2014 Repurchase Program totaled 394,713 at a cost of $7.5 million during the first two quarters of 2015.

Note 20 – Risk Management

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We are subject to various risks and uncertainties in the ordinary course of business due, in part, to the competitive global nature of the industry in which we operate, changing commodity prices for the materials used in the manufacture of our products and the development of new products.

The functional currency of certain foreign operations in Mexico is the Mexican peso.  The settlement of accounts receivable and accounts payable for our operations in Mexico requires the transfer of funds denominated in the Mexican peso, the value of which decreased 6 percent in relation to the U.S. dollar in the first half of 2015.  Foreign currency transaction losses totaled $0.5 million in the first half of 2015 and were immaterial during the first half of 2014. All transaction gains and losses are included in other income (expense) in the condensed consolidated statements of operations.

As it relates to foreign currency translation gains and losses, however, since 1990, the Mexican peso has experienced periods of relative stability followed by periods of major declines in value. The impact of these changes in value relative to our Mexico operations resulted in a cumulative unrealized translation loss at June 28, 2015 of $76.5 million. Translation gains and losses are included in other comprehensive income in the condensed consolidated statements of comprehensive income (loss).

When market conditions warrant, we may also enter into purchase commitments to secure the supply of certain commodities used in the manufacture of our products, such as aluminum, natural gas and other raw materials. At June 28, 2015 we have several purchase commitments in place for the delivery of natural gas in 2014 through 2015 for a total remaining cost of $0.5 million. These natural gas contracts are considered to be derivatives under U.S. GAAP, and when entering into these contracts, we expected to take full delivery of the contracted quantities of natural gas over the normal course of business. Accordingly, at inception, these contracts qualified for the NPNS exemption provided for under U.S. GAAP. As such, we do not account for these purchase commitments as derivatives unless there is a change in facts or circumstances in regard to the company's intent or ability to use the contracted quantities of natural gas over the normal course of business. Based on the quarterly analysis of our estimated future production levels, we believe that our remaining natural gas purchase commitments in effect as of June 28, 2015 will continue to qualify for the NPNS exemption since we can assert that it is probable we will take full delivery of the contracted quantities.

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Item 2.  Management’s Discussion and Analysis of Financial Condition and Results of Operations

Forward-Looking Statements

The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made by us or on our behalf.  We may from time to time make written or oral statements in “Management's Discussion and Analysis of Financial Condition and Results of Operations” and elsewhere in this report which constitute “forward-looking statements” within the meaning of Section 27A of the Securities Exchange Act of 1933 and Section 21E of the Securities Act of 1934. These forward-looking statements are based upon management's current expectations, estimates, assumptions and beliefs concerning future events and conditions and may discuss, among other things, anticipated future performance (including sales and earnings), expected growth, future business plans and costs and potential liability for environmental-related matters. Any statement that is not historical in nature is a forward-looking statement and may be identified by the use of words and phrases such as “expects,” “anticipates,” “believes,” “will,” “will likely result,” “will continue,” “plans to” and similar expressions.

Readers are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements are necessarily subject to risks, uncertainties and other factors, many of which are outside the control of the company, which could cause actual results to differ materially from such statements and from the company's historical results and experience.  The principal factors that could cause our actual performance and future events and actions to differ materially from such forward-looking statements include, but are not limited to, changes in the automotive industry, including the financial condition of our OEM customers and changes in consumer preferences for end products, fluctuations in production schedules for vehicles for which we are a supplier, fluctuations in anticipated demand for aluminum wheels in the North American market, increased global competitive pressures and pricing pressures, our dependence on major customers and third party suppliers and manufacturers, cost, capacity and the ramp-up of production at our new manufacturing facility and the related impact on our operating performance and financial condition, our future liquidity and credit options, our future capital spending for existing operations, our ongoing ability to achieve cost savings and other operational improvements, our ability to introduce new products to meet our customers' demand in a timely manner, the impact on our relationship with customers and our market position due to limitations in our manufacturing capacity, increased repair and maintenance costs and costs to replace machinery and equipment on an accelerated basis due to continued operation of our plants at near full capacity levels, our exposure to foreign currency fluctuations, increasing fuel and energy costs, regulatory changes and other factors or conditions described in Item 1A - Risk Factors in Part I of our 2014 Annual Report on Form 10-K and from time to time in our reports filed with the Securities and Exchange Commission.

Readers are cautioned that it is not possible to predict or identify all of the risks, uncertainties and other factors that may affect future results and that the above list should not be considered to be a complete list. Any forward-looking statement speaks only as of the date on which such statement is made, and the company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Management’s Discussion and Analysis of Financial Condition and Results of Operations should be read in conjunction with the accompanying unaudited Condensed Consolidated Financial Statements and notes thereto and with the audited Consolidated Financial Statements, notes thereto, and Management’s Discussion and Analysis of Financial Condition and Results of Operations included in our 2014 Annual Report on Form 10-K.

Executive Overview

During the second half of 2014, we completed a review of initiatives to reduce costs and enhance our competitive position. Based on this review, we committed to a plan to close operations at our Rogers, Arkansas manufacturing facility. During the fourth quarter of 2014 we shifted production to our other locations and closed operations at the Rogers facility. The closure resulted in a workforce reduction of approximately 500 employees. Additional actions taken in 2014 included a reduction in our Mexico workforce and the sale of one of the company’s aircraft.

In 2015, the company continued its efforts to reduce costs by further reducing our labor costs in the U.S., completing the sale of our one remaining aircraft and selling an idle warehousing facility in Memphis, Tennessee. The results for the first half of 2015 reflect $3.4 million of additional costs charged to gross profit due to the closure of our Rogers facility, charges totaling $0.2 million in SG&A for the write-down of the carrying value of the aircraft we sold in February 2015 and a $0.5 million gain on the sale of the idle warehousing facility located in Memphis, Tennessee. The results for the second quarter of 2015 reflect $1.6 million of additional costs charged to gross profit due to the closure of our Rogers facility. Additional charges related to the Rogers facility fixed assets and other closing costs are expected to continue throughout 2015.

The total cost expected to be incurred as a result of the Rogers facility closure is $14.0 million, which includes $5.9 million

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expected to be paid in cash. As of June 28, 2015, estimated remaining cash payments total $1.1 million.

North American production of passenger cars and light-duty trucks in the second quarter of 2015 was reported by industry publications as increasing by approximately 3 percent overall versus the comparable period a year ago, continuing the trend of growth since the 2009 recession. Production of light-duty trucks -- the light-duty truck category includes pick-up trucks, SUV's, vans and "crossover vehicles"-- increased 2 percent and production of passenger cars increased 4 percent. The production level for the North American automotive industry for the second quarter of 2015 was 4.5 million vehicles. Factors contributing to the continued market recovery include general economic improvement, low consumer interest rates and the relatively high average age of vehicles, which may be an indicator of pent-up demand.

Net sales in the second quarter of 2015 decreased $15.1 million, or 8 percent, to $183.9 million from $199.0 million in the same period a year ago. Wheel sales in the second quarter of 2015 decreased $14.5 million or 7 percent, to $182.1 million from $196.6 million in the comparable period a year ago, as unit wheel unit shipments decreased 9 percent in 2015 to 2.7 million.

Gross profit in the second quarter of 2015 was $19.9 million, or 11 percent of net sales, compared to $15.7 million, or 8 percent of net sales, in the comparable period a year ago. Income from operations for the second quarter of 2015 was $11.0 million, a $2.6 million increase from operating income of $8.4 million for the second quarter of 2014.

Net income for the second quarter of 2015 was $6.5 million, or $0.24 per diluted share. In comparison, net income in the second quarter of 2014 was $5.0 million, or $0.18 per diluted share.

Committed to enhancing shareholder value, in March 2013, our Board of Directors approved a stock repurchase program (the "2013 Repurchase Program"), authorizing the repurchase of up to $30.0 million of our common stock. Under the 2013 Repurchase Program we repurchased 1,510,759 shares of company stock at a cost of $30.0 million of which 1,089,560 shares were repurchased for $21.8 million in 2014. In October 2014, our Board of Directors approved a new stock repurchase program (the "2014 Repurchase Program"), authorizing the repurchase of up to $30.0 million of our common stock. Under the 2014 Repurchase Program, we repurchased 285,966 shares of company stock at a cost of $5.5 million in the second quarter of 2015. As of the end of the first half of 2015, the total investment under the 2014 Repurchase Program was $7.5 million or 394,713 shares repurchased.

In the third quarter of 2015, we repurchased another 162,930 shares of our company stock under the 2014 Repurchase Program through August 6, 2015, at a cost of $2.9 million. At August 6, 2015 total repurchases under the 2014 Repurchase Program were 557,643 shares at a cost of $10.4 million.

We established a senior secured revolving credit facility in December 2014. The facility provides an initial aggregate principal amount of $100.0 million. In addition, the company is entitled to request under the terms and conditions of the agreement an increase in the aggregate revolving commitments under the facility or to obtain incremental term loans in an aggregate amount not to exceed $50.0 million, which currently is uncommitted to by any lenders. At June 28, 2015, we had no borrowings under the facility

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Results of Operations

(Dollars in thousands, except per share amounts)
	Thirteen Weeks Ended						Twenty-six Weeks Ended
Selected data	June 28, 2015			June 29, 2014			June 28, 2015			June 29, 2014
Net sales	$	183,940		$	198,966		$	357,669		$	382,356
Value added sales (1)	$	88,219		$	99,729		$	169,896		$	193,601
Gross profit	$	19,920		$	15,732		$	31,142		$	31,368
Percentage of net sales	10.8		%	7.9		%	8.7		%	8.2		%
Income from operations	$	11,039		$	8,444		$	14,709		$	16,147
Percentage of net sales	6.0		%	4.2		%	4.1		%	4.2		%
Adjusted EBITDA (2)	$	20,307		$	15,685		$	33,677		$	30,456
Percentage of net sales (3)	11.0		%	7.9		%	9.4		%	8.0		%
Percentage of value added sales (4)	23.0		%	15.7		%	19.8		%	15.7		%
Net income	$	6,534		$	5,039		$	10,868		$	9,861
Percentage of net sales	3.6		%	2.5		%	3.0		%	2.6		%
Diluted income per share	$	0.24		$	0.18		$	0.40		$	0.36

(1) Value added sales represents net sales less the value of aluminum and up-charges (outsourcing costs charged to our customers) included in net sales. As discussed further below, arrangements with our customers generally allow us to pass on changes in aluminum prices; therefore, fluctuations in underlying aluminum price generally do not directly impact our profitability. Accordingly, we believe that value added sales provides a measurement of the recoverable component of net sales that may benefit the understanding of our financial performance by users of our financial statements. Our intent is to allow users of the financial statements to consider our net sales information both with and without the aluminum cost component and up-charges thereof. See the Non-GAAP Financial Measures section of this quarterly report for a reconciliation of value added sales to net sales.

(2) Adjusted EBITDA is defined as earnings before interest income and expense, income taxes, depreciation, amortization, restructuring charges and impairments of long-lived assets and investments. We use Adjusted EBITDA as an important indicator of the operating performance of our business. We use Adjusted EBITDA in internal forecasts and models when establishing internal operating budgets, supplementing the financial results and forecasts reported to our Board of Directors and evaluating short-term and long-term operating trends in our operations. We also use Adjusted EBITDA as a key measurement to evaluate and compensate management. We believe the Adjusted EBITDA financial measure assists in providing a more complete understanding of our underlying operational measures to manage our business, to evaluate our performance compared to prior periods and the marketplace, and to establish operational goals. We believe that these non-GAAP financial adjustments are useful to investors because they allow investors to have visibility to the methodology and information used by management in our financial and operational decision-making. See the Non-GAAP Financial Measures section of this quarterly report for a reconciliation of our Adjusted EBITDA to net income.

(3) Adjusted EBITDA: Percentage of Net Sales is a key measure that is not calculated according to GAAP. Adjusted EBITDA as a percentage of net sales is defined as Adjusted EBITDA divided by net sales. See the Non-GAAP Financial Measures section of this quarterly report for a reconciliation of Adjusted EBITDA.

(4) Adjusted EBITDA: Percentage of Value Added Sales is a key measure that is not calculated according to GAAP. Adjusted EBITDA as a percentage of value added sales is defined as Adjusted EBITDA divided by value added sales. See the Non-GAAP Financial Measures section of this quarterly report for a reconciliation of Adjusted EBITDA and value added sales.

Net Sales

As noted above, net sales in the second quarter of 2015 decreased $15.1 million, or 8 percent, to $183.9 million from $199.0 million in the comparable period a year ago.  Wheel sales in the second quarter of 2015 decreased $14.5 million, or 7 percent to $182.1 million from $196.6 million in 2014 as wheel unit shipments decreased 9 percent in the 2015 period. The largest unit shipment decline was for FCA. Shipments were also lower for GM and Nissan and, to a lesser degree, Ford and BMW, while shipments to Toyota increased. Shipments to other customers were not material relative to the total and remained relatively unchanged. The average selling price of our wheels increased 2 percent primarily reflecting an increase in the value of the aluminum component of sales which we generally pass through to our customers. The increase in aluminum value resulted in $5.6 million higher revenues in the second quarter of 2015 when compared to 2014. Wheel development revenues totaled $1.8 million in the second quarter of 2015 and $2.3 million in the comparable 2014 period.

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Net sales in the first half of 2015 decreased $24.7 million, or 6 percent, to $357.7 million from $382.4 million in the comparable period a year ago. Wheel sales in the first half of 2015 decreased $24.1 million to $353.8 million from $377.9 million in 2014. The decline in wheel sales primarily resulted from 10 percent lower shipments in the first half of 2015 compared to the first half of 2014, translating to approximately $36.4 million less revenue. The average selling price of our wheels increased 4 percent primarily reflecting an increase in the value of the aluminum component of sales which we generally pass through to our customers. The increase in aluminum value resulted in $19.6 million higher revenues in the first half of 2015 when compared to 2014. Wheel development revenues totaled $3.9 million in the first half of 2015 and $4.5 million in the comparable 2014 period.

U.S. Operations

Net sales of our U.S. wheel operations in the second quarter of 2015 decreased $31.9 million, or 43 percent, to $41.7 million from $73.6 million in the comparable period a year ago and unit shipments declined 46 percent, primarily due to the closure of the Rogers, Arkansas manufacturing facility in the fourth quarter of 2014 and the shift of a large portion of wheel production to our production facilities in Mexico. The average unit selling price increased 3 percent due to a higher pass-through price of aluminum and a more favorable mix of wheel sizes and finishes sold. A higher aluminum value increased revenues by approximately $1.3 million in 2015 when compared to 2014.

During the first half of 2015, net sales of our U.S. wheel plants decreased $52.7 million, or 38 percent, to $85.3 million from $138.1 million in the comparable period a year ago reflecting a decrease in unit shipments, partially offset by an increase in average selling prices. Wheel sales in the first half of 2015 decreased $51.8 million, or 39 percent, to $82.1 million from $133.7 million in the first half last year. A 42 percent decrease in unit shipments caused a $56.2 million decline in revenue. The closure of the Rogers facility contributed $50.0 million or 95% of the total reduction in revenue for the period. This was partially offset by a 7 percent increase in the average selling price due to a higher pass-through price of aluminum and a favorable mix of wheel sizes and finishes sold. The increase in aluminum value reduced revenues by approximately $4.4 million in 2015 when compared to 2014.

Mexico Operations

Net sales of our Mexico operations in the second quarter of 2015 increased $16.8 million, or 13 percent, to $142.2 million from $125.4 million in the comparable period a year ago. The sales increase reflects higher unit shipments largely attributable to the shift of production from the closed Rogers production facility to lower cost Mexico facilities and an increase in average selling prices of our wheels. Unit shipments increased 11 percent in the second quarter of 2015, contributing $13.2 million to the revenue increase. The average unit selling price increased 2 percent due to an increase in the value of the aluminum component of sales, which we generally pass through to our customers, partially offset by an unfavorable change in the mix of wheel sizes and finishes sold. The increase in aluminum value increased sales by approximately $4.3 million in the second quarter of 2015 when compared to the second quarter of 2014.

During the first half of 2015, net sales of our Mexico operations increased $28.1 million, or 11 percent, to $272.3 million from $244.3 million in the comparable period a year ago, reflecting an increase in average selling prices of our wheels, in addition to an increase in unit shipments. The average unit selling price increased 4 percent due to an increase in the value of the aluminum component of sales, which we generally pass through to our customers and an unfavorable change in the mix of wheel sizes and finishes sold. The increase in aluminum value increased revenues by approximately $15.2 million in the first half of 2015 when compared to the first half of 2014. Unit shipments increased 7 percent in the first half of 2015, due to the closure of the Rogers facility and reallocation of production volume to Mexico. The higher volume resulted in a $17.8 million revenue increase.

Customer Comparisons

As reported by industry publications, North American production of passenger cars and light trucks in the second quarter of 2015 was up approximately 3 percent compared to the same quarter in the previous year, while our unit wheel shipments decreased 9 percent for the comparable period. The overall increase in North American light vehicle production included a 2 percent increase in the light-duty truck category and a 4 percent increase for passenger cars. Comparing the same time periods for Superior, our shipments of passenger car wheels increased 6 percent and light-duty truck wheels decreased 14 percent.

OEM unit shipment composition by customer was as follows:

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	Thirteen Weeks Ended
	June 28, 2015		June 29, 2014
Ford	46	%	43	%
General Motors	23	%	24	%
Toyota	14	%	11	%
FCA	6	%	10	%
International customers (excluding Toyota)	11	%	12	%
Total	100	%	100	%

At the customer level, unit shipments to Ford in the second quarter of 2015 decreased 3 percent compared to the second quarter last year, as passenger car wheel shipments increased 44 percent and light-duty truck wheels decreased 15 percent. At the program level, the major unit shipment decreases were for the Edge, Expedition, Flex and Mustang, partially offset by unit shipment increases for the Focus, Fusion, Taurus and Fiesta.

Shipments to GM in the second quarter of 2015 declined 13 percent compared to the second quarter of 2014, as passenger car wheel shipments decreased 56 percent and light-duty truck wheel shipments decreased 9 percent. The major unit shipment decreases to GM were for the K2XX platform, Cadillac SRX and Chevrolet Volt.

Shipments to Toyota in the second quarter of 2015 increased 14 percent compared to the second quarter last year, as shipments of passenger car wheels increased 9 percent and light-duty truck wheels increased 17 percent. The major unit shipment increases were for the Highlander and Camry. These increases were partially offset by unit shipment decreases for the Avalon.

Shipments to FCA in the second quarter of 2015 declined 48 percent compared to the second quarter last year, as shipments of passenger car wheels decreased 60 percent and shipments of light-duty truck wheels decreased 46 percent. The major unit shipment decreases to FCA was for the Chrysler Town & Country, where a significant decline in vehicle assembly rates occurred due to factory retooling. Shipments also were lower for the Dodge Challenger.

Shipments to international customers (excluding Toyota) in the second quarter of 2015 decreased 12 percent compared to the second quarter of 2014, as shipments of light-duty truck wheels decreased 13 percent and shipments of passenger car wheels decreased 11 percent. At the program level, the largest unit shipment decreases were Nissan's Maxima, Altima and Note, partially offset by unit shipment increases for the Mazda 2.

Cost of Sales

Aluminum, natural gas and other direct material costs are a significant component of our cost to manufacture wheels. These components of our costs of sales are substantially the same for all of our plants since many common suppliers service both our U.S. and Mexico operations. Consolidated cost of sales includes costs for both our U.S. and international operations and certain costs that are not allocated to a specific operation. These unallocated expenses include corporate services that are primarily incurred in the U.S. but are not charged directly to our world-wide operations, such as engineering services for wheel program development and manufacturing support, environmental and other governmental compliance services.

Consolidated cost of sales decreased $19.2 million to $164.0 million in the second quarter of 2015 or 89 percent of net sales, compared to $183.2 million, or 92 percent of net sales, in the second quarter of 2014. Cost of sales in 2015 primarily reflects a 9 percent decrease in unit shipments, the impact of the Rogers production facility closure and shift of production to other company facilities, partially offset by an increase in aluminum prices, which we generally pass through to our customers and $1.6 million of additional costs related to the Rogers facility closure discussed above. Direct material and subcontract costs decreased approximately $1.9 million to $106.5 million from $108.4 million in the second quarter of 2014, due to the reduction in unit volume. This was partially offset by an increase of approximately $7.6 million relating to aluminum price increases, which we generally pass through to our customers. The closure of the Rogers production facility and improved cost efficiencies associated with realigning wheel production to other company facilities had a favorable impact on the company’s cost structure. Plant labor and benefit costs totaled $22.3 million in the second quarter of 2015, a decrease of $8.8 million compared to the second quarter last year. Second quarter 2015 repair and maintenance costs decreased $1.8 million to $5.2 million and supply and small tool costs decreased $2.3 million to $4.4 million when compared to the second quarter of 2014. Additionally, electricity and natural gas costs decreased $3.5 million, when compared to the second quarter of 2014. Cost of sales associated with centralized services such as wheel program development engineering and manufacturing support services decreased $0.5 million in the second quarter of 2015

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when compared to the 2014 period.

For thefirst half of 2015 our consolidated cost of sales decreased $24.5 million to $326.5 million in thefirst half of 2015 or 91 percent of net sales, compared to $351.0 million, or 92 percent of net sales, in thefirst halfof 2014. Cost of sales in 2015 primarily reflects a 10 percent decrease in unit shipments and an increase in aluminum prices, which we generally pass through to our customers. Direct material and subcontract costs increased approximately $4.2 million to $209.8 million from $205.6 million in thefirst halfof 2014. The change in direct material costs includes an increase of approximately $23.9 million due to aluminum price increases, which we generally pass through to our customers. Sub-contractor costs decreased $5.6 million. Compared to thefirst halfof 2014, supply and small tool costs decreased $3.2 million to $9.0 million and repair and maintenance costs decreased $3.5 million to $10.2 million, in thefirst halfof 2015 and utility related costs declined $6.7 million. Plant labor and benefit costs were $45.5 million in thefirst half of 2015, a decrease of $15.2 million compared to thefirst halflast year. Cost of sales associated with corporate services such as engineering support for wheel program development and manufacturing support decreased $0.5 million in the first half of 2015 when compared to the 2014 period. The improvements were reflective of several items including reduction of headcount in reaction to the unit volume decline, as well as the reallocation of production from the closed Rogers plant to other facilities in Mexico. The lower production levels, however, had an unfavorable impact on cost of sales from lower absorption of fixed overhead costs in the first half of 2015, when compared to the comparable period last year.

Included below are the major items that impacted cost of sales for our U.S. and Mexico operations during the second quarter.

U.S. Operations

Cost of sales for our U.S. operations decreased by $27.9 million, or 39 percent, in the second quarter of 2015 as compared to the second quarter of 2014 and reflects a 45 percent decrease in unit shipments. The Rogers production facility closure and shift of wheel production to other company facilities, principally in Mexico, contributed significantly to the cost of sales decrease. The decrease was partially offset by a $1.9 increase in aluminum prices, which we generally pass through to our customers, and $1.6 million of additional costs related to the Rogers facility closure. Plant labor and benefit costs totaled $7.4 million in the second quarter of 2015, a decrease of $8.8 million or 55 percent compared to the second quarter last year. Repair and maintenance costs decreased $1.4 million to $1.7 million and supply and small tool costs decreased $1.7 million to $1.2 million when compared to the second quarter of 2014. Additionally, electricity and gas costs decreased $1.5 million or 50 percent, when compared to the second quarter of 2014.

For thefirst half of 2015, cost of sales for our U.S. operations decreased by $48.7 million, or 35 percent, when compared to thefirst halfof 2014.  Lower cost of sales for our U.S. wheel plants in the 2015 period primarily reflects a 43 percent decrease in unit shipments, decreases in labor and other costs, partially offset by a $4.4 million increase in aluminum prices, which we generally pass on to our customers. When compared to the prior year, the first half of 2015 decline in plant labor and benefit costs was approximately $16.3 million, or 51 percent, primarily as a result of decreases in headcount associated with the closure of the Rogers facility, which represented $13.3 million of the total costs of sales decrease.

Mexico Operations

Cost of sales for our Mexico operations in the second quarter of 2015 increased by $10.0 million, or 10 percent, when compared to the second quarter of 2014. The 2015 increase primarily reflects an 11 percent increase in unit shipments associated with relocation of production from the closed Rogers facility, an approximate $5.2 million increase in aluminum prices which we generally pass through to our customers and costs associated with the continued production ramp-up at the company’s new wheel manufacturing plant in Mexico. During the second quarter of 2015, plant labor and benefit costs, in total, were comparable to the same period last year. Labor cost reductions resulting from improved efficiencies in established plants offset the labor cost increase due to the production ramp-up in the company's new manufacturing facility. Repair and maintenance costs decreased $0.3 million to $3.5 million and supply and small tool costs decreased $0.5 million to $3.2 million when compared to the second quarter of 2014. Additionally, electricity and gas costs decreased $1.9 million or 26 percent, when compared to the second quarter of 2014.

For thefirst half of 2015, cost of sales for our Mexico operations increased by $24.8 million, or 12 percent, when compared to the first half of 2014. The 2015 increase primarily reflects a 7 percent increase in unit shipments associated with reallocation of production from the closed Rogers facility, an approximate $18.5 million increase in aluminum prices which we generally pass through to our customers, as well as increased depreciation of $3.5 million and costs associated with the continued production ramp-up of the company’s new wheel manufacturing plant in Mexico. In the first half of 2015, plant labor and benefit costs increased $1.1 million to $29.5 million due to higher production and the ramp-up of the company’s new manufacturing facility. Repair and maintenance costs decreased $0.4 million to $7.2 million, supply and small tool costs decreased $0.4 million to $6.5 million and electricity and gas costs decreased $3.7 million or 26 percent, when compared to the same period of 2014.

Gross Profit

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Consolidated gross profit increased $4.2 million for the second quarter of 2015 to $19.9 million, or 11 percent of net sales, compared to $15.7 million, or 8 percent of net sales, for the comparable period a year ago. The increase in gross profit was despite a 9 percent decline in unit sales volume, and reflects improved operating costs associated with the shut down of the Rogers facility, and transfer of production to our lower cost facilities in Mexico, as well as individually improved cost performance in our production facilities.

For the first half of 2015, consolidated gross profit decreased $0.3 million to $31.1 million, or 9 percent of net sales, compared to $31.4 million, or 8 percent of net sales, for the comparable period a year ago. Unit shipments decreased 10 percent in the first half of 2015, when compared to the comparable period last year. Largely offsetting the impact of the unit volume decline were improvements in the company’s cost structure associated with closure of the Rogers facility reallocation of production to the lower cost Mexico facilities, as well as individually improved cost performance in our production facilities.

The cost of aluminum is a component of our selling prices to OEM customers and a significant component of the overall cost of a wheel. The price for aluminum we purchase is adjusted monthly based primarily on changes in certain published market indices. Our selling prices are adjusted periodically based upon aluminum market price changes, but the timing of such adjustments is based on specific customer agreements and can vary from monthly to quarterly. Even if aluminum selling price adjustments were to perfectly match changes in aluminum purchase prices, an increasing aluminum price will result in a declining gross margin percentage - i.e., same gross profit dollars divided by increased sales dollars equals lower gross profit percentage. The opposite is true in periods during which the price of aluminum decreases. In addition, although our sales are continuously adjusted for aluminum price changes, these adjustments rarely will match exactly the changes in our aluminum purchase prices and cost of sales. As estimated by the company, the unfavorable impact on gross profit related to such differences in timing of aluminum adjustments was approximately $1.7 million in the second quarter of 2015 and $3.8 million for the first half of 2015, when compared to the comparable periods in 2014.

Selling, General and Administrative Expenses

Selling, general and administrative expenses for the second quarter of 2015 increased $1.6 million to $8.9 million, or 5 percent of net sales, from $7.3 million, or 4 percent of net sales, for the comparable period in 2014. The increase primarily reflects increased outside legal and general consulting fees related partially to the current year proxy contest, higher employee termination costs and the favorable 2014 impact from collecting aged accounts receivable reserved for in prior periods under our standard accounting policy.

For the first half of 2015, selling, general and administrative expenses were $16.4 million, or 5 percent of net sales, compared to $15.2 million, or 4 percent of net sales for the comparable period last year. The increase for the first half of 2015 primarily reflects the items noted above in the second quarter comparison, partially offset by higher severance costs paid in the same period in 2014.

Income from Operations

As described in the discussion of cost of sales above, aluminum, natural gas and other direct material costs are substantially the same for all our plants since many common suppliers service both our U.S. and Mexico operations. In addition, our operations in the U.S. and Mexico sell to the same customers, utilize the same marketing and engineering resources, have interchangeable manufacturing processes and provide the same basic end product. However, profitability between our U.S. and Mexico operations can vary as a result of differing labor and benefit costs, the specific mix of wheels manufactured and sold by each plant, as well as differing plant utilization levels resulting from our internal allocation of wheel programs to our plants.

Consolidated income from operations includes our U.S. and international operations and certain costs that are not allocated to a specific operation. These unallocated expenses include corporate services that are primarily incurred in the U.S. but are not charged directly to our operations, such as selling, general and administrative expenses, engineering services for wheel program development and manufacturing support, environmental and other governmental compliance services.

Consolidated income from operations was $11.0 million or 6 percent of sales in the second quarter of 2015, an increase of $2.6 million from operating income of $8.4 million, or 4 percent of net sales, in the comparable period in 2014. Income from our Mexican operations increased $6.3 million in the second quarter of 2015. For the second quarter of 2015, including the restructuring impact mentioned above, income from our U.S. operations decreased $3.8 million when compared to the second quarter of 2014. Unallocated corporate costs incurred during the second quarter of 2015 were $0.1 million lower than for the comparable period in 2014.

Consolidated income from operations decreased $1.4 million to $14.7 million, or 4 percent of net sales, in the first half of 2015 from $16.1 million, or 4 percent of net sales, in the comparable period in 2014.  Income from our Mexican operations increased

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$2.7 million in the first half of 2015. Income from our U.S. operations decreased $3.7 million when comparing the first half of 2015 to the comparable period in 2014.  Unallocated corporate costs incurred during the first half of 2015 were $0.4 million higher than the comparable period in 2014.

Included below are the major items that impacted income from operations for our U.S. and Mexico operations during the first half of 2015.

U.S. Operations

Operating results from our U.S. operations in the second quarter of 2015 decreased $3.8 million when compared to the second quarter last year due to a 46 percent decline in unit volume, current year cost associated with the closure of the Rogers facility approximating $1.6 million and inefficiencies resulting from operating at a lower production level. Partially offsetting the current year income decline was a 3 percent increase in average selling price due to a higher pass-through price of aluminum and a more favorable mix of wheel sizes and finishes sold. The higher aluminum value increased revenues by approximately $1.3 million in 2015 when compared to 2014.

For thefirst half of 2014, operating results for our U.S. operations decreased $3.7 million when compared to the first half last year, due to a 42 percent decline in unit volume, current year cost associated with the closure of the Rogers facility and inefficiencies resulting from operating at a lower production level. The decline mirrors the decline in gross profit for the first half of 2015.

Mexico Operations

Income from our Mexico operations increased $6.3 million in the second quarter of 2015 as compared to the second quarter of 2014, mirroring the $6.8 million increase in gross profit. The increase resulted from an 11 percent increase in unit shipments, and improved cost performance, supplemented by the favorable impact on average selling prices due to a change in the mix of wheel sizes and finishes sold.

For thefirst half of 2015, income from our Mexico operations increased $2.7 million when compared to the first half of 2014.  Income from operations in 2014 reflects an increase in gross profit of $3.3 million, partially offset by the favorable 2014 impact from collecting aged accounts receivable reserved for in prior periods under our standard accounting policy.

U.S. versus Mexico Production

During the second quarter of 2015, wheels produced by our Mexico and U.S. operations accounted for 79 percent and 21 percent, respectively, of our total production. For the second quarter of 2014, wheels produced by our Mexico and U.S. operations accounted for 65 percent and 35 percent, respectively, of our total production. The shift of production to the Company’s Mexico facilities is largely attributable to the closure of the Rogers manufacturing facility and realignment of production to our Mexico facilities.

Interest Income, net and Other Income (Expense), net

Net interest income decreased $0.3 million in the second quarter of 2015 when compared to the second quarter of 2014.

Net other income (expense) was expense of $0.4 million in the second quarter of 2015, compared to expense of $0.1 million in the second quarter of 2014. Foreign exchange gains and (losses) included in other income (expense) net were exchange losses of $0.3 million in the second quarter of 2015, compared to exchange losses of $0.2 million in the second quarter of 2014.

Income Taxes

We account for income taxes using the asset and liability method. The asset and liability method requires the recognition of deferred tax assets and liabilities for expected future tax consequences of temporary differences that currently exist between the tax basis and financial reporting basis of our assets and liabilities. We calculate current and deferred tax provisions based on estimates and assumptions that could differ from actual results reflected on the income tax returns filed during the following years. Adjustments based on filed returns are recorded when identified in the subsequent years.

The effect on deferred taxes of a change in tax rates is recognized in income in the period that the tax rate change is enacted. In assessing the likelihood of realization of deferred tax assets, we consider whether it is more likely than not that some portion of the deferred tax assets will not be realized. A valuation allowance is provided for deferred income taxes when, in our judgment, based upon currently available information and other factors, it is more likely than not that all or a portion of such deferred income tax assets will not be realized. The determination of the need for a valuation allowance is based on an on-going evaluation of current information including, among other things, historical operating results, estimates of future earnings in different taxing

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jurisdictions and the expected timing of the reversals of temporary differences. We believe that the determination to record a valuation allowance to reduce a deferred income tax asset is a significant accounting estimate because it is based, among other things, on an estimate of future taxable income in the United States and certain other jurisdictions, which is susceptible to change and may or may not occur, and because the impact of adjusting a valuation allowance may be material. Our valuation allowances totaled $3.9 million as of December 28, 2014, and relates to state deferred tax assets for net operating loss and tax credit carryforwards that are not expected to be realized due to changes in tax law, and cessation of business in Kansas.

We record uncertain tax positions in accordance with U.S. GAAP on the basis of a two-step process whereby (1) we determine whether it is more likely than not that the tax positions will be sustained on the basis of the technical merits of the position and (2) for those tax positions that meet the more-likely-than-not recognition threshold, we recognize the largest amount of tax benefit that is more than 50 percent likely to be realized upon ultimate settlement with the related tax authority. If a position does not meet the more likely than not threshold for recognition in step one, no benefit is recorded until the first subsequent period in which the more likely than not standard is met, the issue is resolved with the taxing authority, or the statute of limitations expires. Positions previously recognized are derecognized when we subsequently determine the position no longer is more likely than not to be sustained. Evaluation of tax positions, their technical merits, and measurements using cumulative probability are highly subjective management estimates. Actual results could differ materially from these estimates.

Presently, we have not recorded a deferred tax liability for temporary differences related to investments in foreign subsidiaries that are essentially permanent in duration. These temporary differences may become taxable upon a repatriation of earnings from the subsidiaries or a sale or liquidation of the subsidiaries. At this time, the company does not have any plans to repatriate additional income from its foreign subsidiaries.

The provision for income taxes for the quarter ended June 28, 2015 was $4.2 million, which resulted in an effective income tax rate of 39 percent. For the six-month period ended June 28, 2015 the provision for income taxes was $3.4 million, which resulted in an effective income tax rate of 24 percent. The effective tax rate for the six-month period ended June 28, 2015 was lower than the statutory rate due to the release of certain liabilities related to uncertain tax positions as a result of the expiration of a statute of limitations, partially offset by non-deductible expenses, state income taxes (net of federal tax benefit) and interest and penalties on unrecognized tax benefits.

For the thirteen weeks ended June 29, 2014, the provision for income taxes was $3.6 million, which was an effective income tax rate of 42 percent. For the twenty-six weeks ended June 29, 2014 the provision for income taxes was $6.9 million, which was an effective tax rate of 41 percent. The effective tax rate was unfavorably affected by non-deductible expenses primarily resulting from recent tax law changes in Mexico, state income taxes (net of federal tax benefit) and interest and penalties on unrecognized tax benefits, partially offset by foreign income taxed at rates that are lower than the U. S. statutory rates.

We conduct business internationally and, as a result, one or more of our subsidiaries files income tax returns in U.S. federal, U.S. state and certain foreign jurisdictions.  Accordingly, in the normal course of business, we are subject to examination by taxing authorities throughout the world, including taxing authorities in Mexico, the Netherlands, India and the United States.  We are no longer open for examination by taxing authorities regarding any U.S. federal income tax returns for years before 2012 while the years open for examination under various state and local jurisdictions vary. We expect approximately $1.0 million of unrecognized tax benefits related to ourU.S. and Mexico operations will be recognized in the twelve month period ending March 27, 2016 due to the expiration of certain statutes of limitations or due to settlement of uncertain tax positions.

Net Income

Net income in the second quarter of 2015 was $6.5 million, or $0.24 per diluted share, compared to net income in the second quarter of 2014 of $5.0 million, or $0.18 per diluted share. Net income in the first half of 2015 was $10.9 million, or $0.40 per diluted share, compared to net income in the first half of 2014 of $9.9 million, or $0.36 per diluted share.

Financial Condition, Liquidity and Capital Resources

Our sources of liquidity primarily include cash, cash equivalents and short-term investments and net cash provided by operating activities and, from time to time, other external sources of funds.  Working capital (current assets minus current liabilities) and our current ratio (current assets divided by current liabilities) were $199.4 million and 4.0:1, respectively, at June 28, 2015, versus $204.0 million and 3.8:1 at December 28, 2014.  We have no long-term debt.  As of June 28, 2015, our cash, cash equivalents and short-term investments totaled $58.5 million compared to $66.2 million at December 28, 2014.  

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Our working capital requirements, investing activities and cash dividend payments have historically been funded from internally generated funds, proceeds from the exercise of stock options or existing cash, cash equivalents and short-term investments, and we believe these sources will continue to meet our capital requirements in the foreseeable future. Our working capital decreased in 2015, primarily due to constructing and equipping our new wheel plant in Mexico as discussed below, which was funded out of existing cash during the period. The change in working capital also reflects payments to repurchase our common stock as discussed below and increases in accounts receivable, inventory and other assets. In December 2014, we entered into a senior secured revolving credit facility (discussed below) to provide financing, as necessary, for general corporate purposes.

During 2013 we announced our plans to build a new manufacturing facility in Mexico, in order to meet anticipated growth in demand for aluminum wheels in the North American market. In 2013, we entered into contracts for the construction of the new facility and for the purchase of equipment for the new facility. At June 28, 2015, the total cost of the facility was approximately $119.1 million. The new facility is operational and initial commercial production began in the first quarter of 2015.

Committed to enhancing shareholder value, in March 2013, our Board of Directors approved the 2013 Repurchase Program, authorizing the repurchase of up to $30.0 million of our common stock. Under the 2013 Repurchase Program we repurchased 1,510,759 shares of company stock at a cost of $30.0 million of which 1,089,560 shares were repurchased for $21.8 million in 2014. In October 2014, our Board of Directors approved the 2014 Repurchase Program, authorizing the repurchase of up to $30.0 million of our common stock. Through June 28, 2015, we repurchased 394,713 shares of company stock at a cost of $7.6 million under the 2014 Repurchase Program.

On December 19, 2014, we entered into a senior secured credit agreement (the "Credit Agreement") with J.P. Morgan Securities LLC, JP Morgan Chase Bank, N.A. (“JPMCB”) and Wells Fargo Bank, National Association (together with JPMCB, the “Lenders”). The Credit Agreement consists of a senior secured revolving credit facility in an initial aggregate principal amount of $100.0 million (the “Facility”). In addition, the company is entitled to request, subject to certain terms and conditions and the agreement of the Lenders, an increase in the aggregate revolving commitments under the Facility or to obtain incremental term loans in an aggregate amount not to exceed $50.0 million, which are uncommitted to by any lender. The company intends to use the proceeds of the Facility to finance the working capital needs, and for the general corporate purposes of the company and its subsidiaries. At June 28, 2015, we had no borrowings under the Facility.

The following table presents a summary of the net decrease in cash and cash equivalents in the periods presented:

(Dollars in thousands)	Twenty-six Weeks Ended
	June 28, 2015			June 29, 2014			Change
Net cash provided by operating activities	$	25,208		$	1,541		$	23,667
Net cash used in investing activities	(18,662		)	(54,962		)	36,300
Net cash used in financing activities	(10,646		)	(19,258		)	8,612
Effect of exchange rate changes on cash	(1,010		)	75			(1,085		)
Net decrease in cash and cash equivalents	$	(5,110	)	$	(72,604	)	$	67,494

Operating Activities

Net cash provided by operating activities was $25.2 million for the twenty-six week period ended June 28, 2015, compared to $1.5 million for the comparable period a year ago.  Compared to the first half of 2014, the $23.7 million increase in cash from operating activities resulted primarily from a $22.3 million, $6.1 million and $3.8 million favorable fluctuation in accounts receivable, inventory and accounts payable when compared to the same period in 2014, which was partially offset by negative fluctuations in tax reserve changes, income taxes and other liabilities.

Investing Activities

Our principal investing activities during the twenty-six week period ended June 28, 2015 included the funding of $23.3 million of capital expenditures, which was partially offset by the sale of an idle warehousing facility in Memphis, Tennessee, and the sale of short term investments of $2.6 million. Investing activities during the twenty-six week period ended June 29, 2014 included the funding of $55.5 million of capital expenditures primarily related to our new wheel plant in Mexico, and the purchase of $2.8

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million of certificates of deposit, offset by the receipt of $2.8 million cash proceeds from maturing certificates of deposit and $0.4 million cash proceeds from a life insurance policy.  

Financing Activities

Financing activities during the twenty-six week period ended June 28, 2015 consisted of the payment of cash dividends on our common stock totaling $9.6 million and the repurchase of our common stock for cash totaling $7.5 million, partially offset by receipt of cash proceeds from the exercise of stock options totaling $6.5 million. Financing activities during the twenty-six week period ended June 29, 2014 consisted of the payment of cash dividends on our common stock totaling $9.8 million and the repurchase of our common stock for cash totaling $13.0 million, partially offset by receipt of cash proceeds from the exercise of stock options totaling $3.5 million.

Non-GAAP Financial Measures

In this annual report, we discuss two important measures that are not calculated according to U.S. generally accepted accounting principles (“GAAP”), value added sales and Adjusted EBITDA.

Value added sales is a key measure that is not calculated according to GAAP. In the discussion of operating results, we provide information regarding value added sales. Value added sales represents net sales less the value of costs passed through to our customers, primarily the value of aluminum included in net sales. As discussed further below, arrangements with our customers allow us to pass on changes in aluminum prices and the cost for certain other charges incurred in manufacturing our wheels; therefore, fluctuations in underlying aluminum prices and these other charges generally do not directly impact our profitability. Accordingly, value added sales provides a measurement of the recoverable component of net sales that may benefit the understanding of our financial performance by users of our financial statements.

(Dollars in thousands)	Thirteen Weeks Ended						Twenty-six Weeks Ended
	June 28, 2015			June 29, 2014			June 28, 2015			June 29, 2014
Net Sales	$	183,940		$	198,966		$	357,669		$	382,356
Less: Aluminum value	(84,177		)	(86,395		)	(167,708		)	(163,747		)
Pass-through outsourcing costs charged to customers	(11,544		)	(12,842		)	(20,065		)	(25,008		)
Value added sales	$	88,219		$	99,729		$	169,896		$	193,601

Adjusted EBITDA is a key measure that is not calculated according to GAAP. Adjusted EBITDA is defined as earnings before interest income and expense, income taxes, depreciation, amortization, restructuring charges, impairments of long-lived assets and investments and losses on sales of unconsolidated affiliates. We use Adjusted EBITDA as an important indicator of the operating performance of our business. Adjusted EBITDA is used in our internal forecasts and models when establishing internal operating budgets, supplementing the financial results and forecasts reported to our Board of Directors and evaluating short-term and long-term operating trends in our operations. We also use Adjusted EBITDA as a key measurement to evaluate and compensate management. We believe the Adjusted EBITDA financial measure assists in providing a more complete understanding of our underlying operational measures to manage our business, to evaluate our performance compared to prior periods and the marketplace, and to establish operational goals. Adjusted EBITDA is a non-GAAP financial measure and should not be considered in isolation or as a substitute for financial information provided in accordance with GAAP. This non-GAAP financial measure may not be computed in the same manner as similarly titled measures used by other companies.

Adjusted EBITDA as percentage of value added sales is a key measure that is not calculated according to GAAP. Adjusted EBITDA as a percentage of value added sales is defined as Adjusted EBITDA divided by value added sales.

The following table reconciles our net income, the most directly comparable GAAP financial measure, to our Adjusted EBITDA:

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(Dollars in thousands)	Thirteen Weeks Ended						Twenty-six Weeks Ended
	June 28, 2015			June 29, 2014			June 28, 2015			June 29, 2014
Net income	$	6,534		$	5,039		$	10,868		$	9,861
Interest income, net	(57		)	(311		)	(142		)	(660		)
Provision for income taxes	4,200			3,623			3,439			6,860
Depreciation	8,497			7,334			17,024			14,395
Restructuring charges (excluding accelerated depreciation)	1,133			—			2,488			—
Adjusted EBITDA	$	20,307		$	15,685		$	33,677		$	30,456
Adjusted EBITDA as a percentage of net sales	11.0		%	7.9		%	9.4		%	8.0		%
Adjusted EBITDA as a percentage of value added sales	23.0		%	15.7		%	19.8		%	15.7		%

Critical Accounting Estimates

The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to apply significant judgment in making estimates and assumptions that affect amounts reported therein, as well as financial information included in this Management’s Discussion and Analysis of Financial Condition and Results of Operations. These estimates and assumptions, which are based upon historical experience, industry trends, terms of various past and present agreements and contracts, and information available from other sources that are believed to be reasonable under the circumstances, form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent through other sources. There can be no assurance that actual results reported in the future will not differ from these estimates, or that future changes in these estimates will not adversely impact our results of operations or financial condition.

New Accounting Pronouncements

In May 2014, the Financial Accounting Standards Board ("FASB") issued an Accounting Standards Update ("ASU") entitled “Revenue from Contracts with Customers.” The ASU requires that an entity recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. For a public entity, the amendments in this ASU are effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early application is not permitted. In April 2015, the FASB proposed a one-year deferral of the effective date. Under the proposal, the standard would be required to be adopted by public business entities in annual periods beginning on or after December 15, 2017. The FASB also proposed to permit early adoption at the original effective date. We are evaluating the impact this guidance will have on our financial position and statement of operations.

In June 2014, the FASB issued an ASU entitled "Compensation - Stock Compensation." The ASU provides guidance on when the terms of an award provide that a performance target could be achieved after the requisite service period. The new guidance becomes effective for annual reporting periods beginning after December 15, 2015, early adoption is permitted.  We are currently evaluating the impact this guidance will have on our financial position and results of operations.

In January 2015, the FASB issued an ASU entitled “Income Statement - Extraordinary and Unusual Items.” The ASU requires that an entity simplify Income Statement presentation by eliminating the concept of "Extraordinary Items". The amendments in this ASU are effective for annual reporting periods beginning after December 15, 2015, including interim periods within that reporting period. Early adoption is permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. We are evaluating the impact this guidance will have on our financial position and statement of operations.

In February 2015, the FASB issued an ASU entitled “Consolidation.” The ASU includes amendments to the consolidation analysis which are effective for annual reporting periods beginning after December 15, 2015, including interim periods within that reporting period. Early adoption, including adoption in interim periods, is permitted. We are evaluating the impact this guidance will have on our financial position and statement of operations.

In April 2015, the FASB issued an ASU entitled “Interest - Imputation of Interest.” The ASU requires that an entity simplify the presentation of debt issuance costs, the amendments in this ASU are effective for annual reporting periods beginning after December 15, 2015, including interim periods within that reporting period. Early adoption is allowed for all entities for financial statements that have not been previously issued. We are evaluating the impact this guidance will have on our financial position and statement of operations.

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In April 2015, the FASB issued an ASU entitled “Compensation - Retired Benefits.” The ASU provides practical expedients for the measurement date of an employer's defined benefit obligation and plan assets. The amendments in this ASU are effective for annual reporting periods beginning after December 15, 2015, including interim periods within that reporting period, early adoption is permitted. We are evaluating the impact this guidance will have on our financial position and statement of operations.

In June 2015, the FASB issued an ASU entitled “Technical Corrections and Improvements.” The ASU provides changes to clarify the ASC, correct unintended application of guidance, and make minor improvements to the ASC. The amendments in this ASU that require transition guidance are effective for annual reporting periods beginning after December 15, 2015, including interim periods within that reporting period. Early adoption is permitted, including adoption in an interim period. All other amendments will be effective upon the issuance of this update. We are evaluating the impact this guidance will have on our financial position and statement of operations.

Other Commitments

Steven J. Borick, Separation Agreement

On October 14, 2013, the company and Steven J. Borick entered into a Separation Agreement (the "Separation Agreement"), providing for Mr. Borick's separation from employment as the company's President and Chief Executive Officer. Mr. Borick’s separation was effective March 31, 2014.

In accordance with the Separation Agreement, in addition to payment of his salary and accrued vacation through his separation date, the company will pay or provided Mr. Borick with the following upon his separation:

• A lump-sum cash payment of $1,345,833,

• Mr. Borick’s 2013 annual incentive bonus,

• A grant of a number of shares of company common stock equal to the Black-Scholes value of an annual award of120,000stock options divided by the company's closing stock price on the separation date (See PART I - Financial Information, Item 1. Financial Statements, Note 18 - Stock-Based Compensation), and

• Vesting of all of Mr. Borick's unvested stock options and unvested restricted stock.

In the first quarter of 2014, the company accrued an additional $1.1 million of compensation expense in connection with Mr. Borick's Separation Agreement.

Donald J. Stebbins, Executive Employment Agreement

On April 30, 2014, we entered into an Executive Employment Agreement (the “Employment Agreement”) with Donald J. Stebbins in connection with his appointment as President and Chief Executive Officer of the company. The Employment Agreement became effective May 5, 2014 and is for a three year term that expires on April 30, 2017, with additional one-year automatic renewals unless either Mr. Stebbins or the company provides advance notice of nonrenewal of the Employment Agreement. The Employment Agreement provides for an annual base salary of $900,000. Mr. Stebbins may receive annual bonuses based on attainment of performance goals, determined by the company’s independent compensation committee, in the amount of 80 percent of annual base salary at threshold level performance, 100 percent of annual base salary at target level performance, and up to 200 percent of annual base salary for performance substantially above target level.

Mr. Stebbins received inducement grants of restricted stock for 50,000 shares vesting April 30, 2017, and an additional number of shares of 82,455 determined by dividing $1,602,920 by the per share value of the company’s common stock on May 5, 2014, with the additional shares vesting on December 31, 2016. Beginning in 2015, Mr. Stebbins will be granted restricted stock unit awards each year under Superior's 2008 Equity Incentive Plan, or any successor equity plan. Under the Employment Agreement, Mr. Stebbins is to be granted time-vested restricted stock units each year, cliff vesting at the third fiscal year end following grant, for a number of shares equal to 66.67 percent of his annual base salary divided by the per share value of Superior’s common stock on the date of grant. In addition, Mr. Stebbins is to be granted performance-vested restricted stock units each year, vesting based on company performance goals established by the independent compensation committee during the three fiscal years following grant, for a maximum number of shares equal to 200 percent of his annual base salary divided by the per share value of Superior’s common stock on the date of grant. In general, the equity awards vest only if Mr. Stebbins continues in employment with the company through the vesting date or end of the performance period.

The Employment Agreement also contains provisions for severance benefits including lump sum payments calculated based on Mr. Stebbins' base salary and bonus, as well as health care continuation, if he is terminated without “cause” or resigns for “good reason." In addition, if Mr. Stebbins is terminated without “cause” or resigns for “good reason” within one year following a change in control of the company, the severance benefits are increased 100 percent.

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Risk Management

We are subject to various risks and uncertainties in the ordinary course of business due, in part, to the competitive global nature of the industry in which we operate, changing commodity prices for the materials used in the manufacture of our products and the development of new products.

The functional currency of certain foreign operations in Mexico is the Mexican peso.  The settlement of accounts receivable and accounts payable for these operations requires the transfer of funds denominated in the Mexican peso, the value of which decreased four percent in relation to the U.S. dollar in the first half of 2015.  Foreign currency transaction losses totaled $0.5 million in the first half of 2015 and were immaterial during the first half of 2014.  All transaction gains and losses are included in other income (expense) in the condensed consolidated statements of operations.

As it relates to foreign currency translation gains and losses, however, since 1990, the Mexican peso has experienced periods of relative stability followed by periods of major declines in value. The impact of these changes in value relative to our Mexico operations resulted in a cumulative unrealized translation loss at June 28, 2015 of $76.5 million. Translation gains and losses are included in other comprehensive income in the condensed consolidated statements of comprehensive income (loss).

When market conditions warrant, we may also enter into purchase commitments to secure the supply of certain commodities used in the manufacture of our products, such as aluminum, natural gas and other raw materials. We currently have several purchase commitments in place for the delivery of natural gas through 2015. These natural gas contracts are considered to be derivatives under U.S. GAAP, and when entering into these contracts, we expected to take full delivery of the contracted quantities of natural gas over the normal course of business. Accordingly, at inception, these contracts qualified for the normal purchase, normal sale ("NPNS") exemption provided for under U.S. GAAP. As such, we do not account for these purchase commitments as derivatives unless there is a change in facts or circumstances in regard to the company's intent or ability to use the contracted quantities of natural gas over the normal course of business. Based on the quarterly analysis of our estimated future production levels, we believe that our remaining natural gas purchase commitments in effect as of June 28, 2015 will continue to qualify for the NPNS exemption since we can assert that it is probable we will take full delivery of the contracted quantities.

Item 3. Quantitative and Qualitative Disclosures About Market Risk

Foreign Currency.  A significant portion of our business operations are conducted in Mexico. As a result, we have a certain degree of market risk with respect to our cash flows due to changes in foreign currency exchange rates when transactions are denominated in currencies other than our functional currency, including inter-company transactions. Historically, we have not actively engaged in substantial exchange rate hedging activities and, prior to 2014, we had not entered into any significant foreign exchange contracts. However, as a result of customer requirements, a significant shift is occurring in the currency denominated in our contracts with our customers. As a result of this change, we currently project that in 2015 and beyond the vast majority of our revenues will be denominated in the U.S. dollar, rather than a more balanced mix of U.S. dollar and Mexican peso. In the past we have relied upon significant revenues denominated in the Mexican peso to provide a "natural hedge" against foreign exchange rate changes impacting our peso denominated costs incurred at our facilities in Mexico. Accordingly, the foreign exchange exposure associated with peso denominated costs is a growing risk factor that could have a material adverse effect on our operating results.

In accordance with our corporate risk management policies, we may enter into foreign currency forward and option contracts with financial institutions to protect against foreign exchange risks associated with certain existing assets and liabilities, certain firmly committed transactions and forecasted future cash flows. We have implemented a program to hedge a portion of our material foreign exchange exposures, typically for up to 24 months. However, we may choose not to hedge certain foreign exchange exposures for a variety of reasons, including but not limited to accounting considerations and the prohibitive economic cost of hedging particular exposures. We do not use derivative contracts for trading, market-making, or speculative purposes. For additional information on our derivatives, see Note 5 - Derivative Financial Instruments.

At June 28, 2015 the fair value liability of foreign currency exchange derivatives was $9.2 million. The potential loss in fair value for such financial instruments from a 10% adverse change in quoted foreign currency exchange rates would be $9.8 million at June 28, 2015.

During the first half of 2015, the Mexican peso to U.S. dollar exchange rate averaged 15.12 pesos to $1.00. Based on the balance sheet at June 28, 2015 the value of net assets for our operations in Mexico was 1,707 million pesos. Accordingly, a 10 percent

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change in the relationship between the peso and the U.S. dollar may result in a translation impact of between $10.3 million and $12.5 million, which would be recognized in other comprehensive income (loss).

Our business requires us to settle transactions between currencies in both directions - i.e., peso to U.S. dollar and vice versa. To the greatest extent possible, we attempt to match the timing of transaction settlements between currencies to create a “natural hedge.” For the first half of 2015, we had a $0.5 million net foreign exchange transaction loss related to the peso. Based on the current business model and levels of production and sales activity, the net imbalance between currencies depends on specific circumstances. As discussed above, while changes in the terms of the contracts with our customers will be creating an imbalance between currencies that we are hedging with foreign currency forward contracts, there can be no assurances that our hedging program will effectively offset the impact of the imbalance between currencies or that the net transaction balance will not change significantly in the future.

Natural Gas Purchase Commitments.  When market conditions warrant, we enter into purchase commitments to secure the supply of certain commodities used in the manufacture of our products, such as natural gas. However, we do not enter into derivatives or other financial instrument transactions for speculative purposes. At June 28, 2015, we had several purchase commitments in place for the delivery of natural gas through 2015 for a total cost of $0.5 million. These fixed price natural gas contracts may expose us to higher costs that cannot be recouped in selling prices in the event that the market price of natural gas declines below the contract price.  As of June 28, 2015, we have fixed price natural gas purchase agreements for deliveries through 2015 that represent approximately 5 percent of our estimated natural gas consumption through 2015.

Also see Item 7A. Quantitative and Qualitative Disclosures About Market Risk in Part II of our 2014 Annual Report on Form 10-K and Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations – “Risk Management” in this Quarterly Report on Form 10-Q.

Item 4.  Controls and Procedures

Evaluation of Disclosure Controls and Procedures

The company's management, with the participation of the Chief Executive Officer and Chief Financial Officer, evaluated the effectiveness of the company's disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) as of June 28, 2015.  Our disclosure controls and procedures are designed to ensure that information required to be disclosed in reports we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms and that such information is accumulated and communicated to our management, including our interim Chief Executive Officer and Chief Financial Officer, to allow timely decisions regarding required disclosures.

The evaluation of our disclosure controls and procedures included a review of their objectives and design, our implementation of the controls and procedures and the effect of the controls and procedures on the information generated for use in this report. In the course of the evaluation, we sought to identify whether we had any data errors, control problems or acts of fraud and to confirm that appropriate corrective action, including process improvements, was being undertaken if needed. This type of evaluation is performed on a quarterly basis so that conclusions concerning the effectiveness of our disclosure controls and procedures can be reported in our Quarterly Reports on Form 10-Q and our Annual Reports on Form 10-K. Many of the components of our disclosure controls and procedures are also evaluated by our internal audit department, our legal department and by personnel in our finance organization. The overall goals of these various evaluation activities are to monitor our disclosure controls and procedures on an ongoing basis, and to maintain them as dynamic systems that change as conditions warrant.

Based on this evaluation, our Chief Executive Officer and Chief Financial Officer concluded that, as of June 28, 2015, our disclosure controls and procedures were effective.

Changes in Internal Control Over Financial Reporting

There has been no change in our internal control over financial reporting during the most recent fiscal quarter ended June 28, 2015 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

PART II

OTHER INFORMATION

Item 1.  Legal Proceedings

35

We are party to various legal and environmental proceedings incidental to our business.  Certain claims, suits and complaints arising in the ordinary course of business have been filed or are pending against us.  Based on facts now known, we believe all such matters are adequately provided for, covered by insurance, are without merit and/or involve such amounts that would not materially adversely affect our consolidated results of operations, cash flows or financial position.  

Item 1A.  Risk Factors

In addition to the other information set forth in this report, you should carefully consider the factors discussed in Item 1A – Risk Factors in Part I of our 2014 Annual Report on Form 10-K, which could materially affect our business, financial condition or future results.  There have been no material changes from the risk factors described in our 2014 Annual Report on Form 10-K.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

Recent Sales of Unregistered Securities

During the second quarter of 2015, there were no sales of unregistered securities.

Purchases of Equity Securities by the Issuer and Affiliated Purchasers

On March 27, 2013, our Board of Directors approved the 2013 Repurchase Program, authorizing the repurchase of up to $30.0 million of our common stock. Through September 28, 2014, we repurchased and retired 1,510,759 shares under the 2013 Repurchase Program at a total cost of $30.0 million.

In October 2014, our Board of Directors approved the 2014 Repurchase Program, authorizing the repurchase of up to $30.0 million of our common stock. Under the 2014 Repurchase Program, we may repurchase common stock from time to time on the open market or in private transactions. Currently, we expect to fund the repurchases through available cash, although use of the senior secured revolving credit facility will be evaluated in the context of total capital needs. The timing and extent of the repurchases under the 2014 Repurchase Program will depend upon market conditions and other corporate considerations in our sole discretion. Through June 28, 2015, we repurchased and retired 394,713 shares under the 2014 Repurchase Program at a total cost of $7.6 million.

The following table provides common stock repurchases made by or on behalf of the company during the three months ended June 28, 2015:

	Total Number of Shares Purchased	Average Price Paid per Share		Total Number of Shares Purchased as Part of Publicly Announced Plans and Programs	Maximum Approximate Dollar Value of Shares That May Yet be Purchased Under the Plans or Programs
(Thousands of dollars, except per share amounts)
March 30, 2015 - April 26, 2015	145,076	$	19.22	145,076
April 27, 2015 - May 24, 2015	78,820	$	18.95	78,820
May 25, 2015 - June 28, 2015	62,070	$	19.27	62,070
Total	285,966			285,966	$	22,453

Item 6.  Exhibits

36

2.1	Agreement and Plan of Merger of Superior Industries International, Inc., a Delaware corporation (Incorporated by reference to Exhibit 2.1 to the Registrants Current Report on Form 8-K filed May 21, 2015).
3.1	Superior Industries International, Inc. Certificate of Incorporation (Incorporated by reference to Exhibit 3.1 to the Registrants Current Report on Form 8-K filed May 21, 2015).
3.2	Bylaws of Superior Industries International, Inc. (Incorporated by reference to Exhibit 3.2 to the Registrants Current Report on Form 8-K filed May 21, 2015).
4.1	Form of Superior Industries International, Inc.’s Common Stock Certificate (Incorporated by reference to Exhibit 4.1 to the Registrants Current Report on Form 8-K filed May 21, 2015).
31.1	Certification of Donald J. Stebbins, Chief Executive Officer and President, Pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as Adopted Pursuant to Section 302(a) of the Sarbanes-Oxley Act of 2002 (filed herewith).
31.2	Certification of Kerry A. Shiba, Executive Vice President and Chief Financial Officer, Pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as Adopted Pursuant to Section 302(a) of the Sarbanes-Oxley Act of 2002 (filed herewith).
32.1	Certification of Donald J. Stebbins, Chief Executive Officer and President, and Kerry A. Shiba, Executive Vice President and Chief Financial Officer, Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (furnished herewith).
101	Interactive data file (furnished electronically herewith pursuant to Rule 406T of Regulation S-T).

Items 3, 4, and 5 are not applicable and have been omitted.

37

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

SUPERIOR INDUSTRIES INTERNATIONAL, INC.

(Registrant)

Date:	August 6, 2015	/s/ Donald J. Stebbins
		Donald J. Stebbins Chief Executive Officer and President
Date:	August 6, 2015	/s/ Kerry A. Shiba
		Kerry A. Shiba Executive Vice President and Chief Financial Officer

38

EX-31.1

EXHIBIT 31.1

CERTIFICATION

PURSUANT TO EXCHANGE ACT RULES 13a-14(a) AND 15d-14(a),

AS ADOPTED PURSUANT TO

SECTION 302(a) OF THE SARBANES-OXLEY ACT OF 2002

I, Donald J. Stebbins, certify that:

1	I have reviewed this Quarterly Report on Form 10-Q of Superior Industries International, Inc.;
2	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4	The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c)	Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by the report based on such evaluation; and
d)	Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5 The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:	August 6, 2015	/s/ Donald J. Stebbins
		Donald J. Stebbins Chief Executive Officer and President

EX-31.2

EXHIBIT 31.2

CERTIFICATION

PURSUANT TO EXCHANGE ACT RULES 13a-14(a) AND 15d-14(a),

AS ADOPTED PURSUANT TO

SECTION 302(a) OF THE SARBANES-OXLEY ACT OF 2002

I, Kerry A. Shiba, certify that:

1	I have reviewed this Quarterly Report on Form 10-Q of Superior Industries International, Inc.;
2	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4	The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c)	Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by the report based on such evaluation; and
d)	Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5 The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a)	All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:	August 6, 2015	/s/ Kerry A. Shiba
		Kerry A. Shiba
		Executive Vice President and Chief Financial Officer

EX-32.1

EXHIBIT 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

Each of the undersigned hereby certifies, in his capacity as an officer of Superior Industries International, Inc. (the “company”), for purposes of 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of his knowledge:

• The Quarterly Report of the company on Form 10-Q for the period ended June 28, 2015 as filed with the Securities and Exchange Commission fully complies with the requirements of Section 13(a) or Section 15(d), as applicable, of the Securities Exchange Act of 1934, as amended; and

• The information contained in such report fairly presents, in all material respects, the financial condition and results of operations of the company.

Dated:	August 6, 2015	/s/ Donald J. Stebbins
		Name:	Donald J. Stebbins
		Title:	Chief Executive Officer and President
		/s/ Kerry A. Shiba
		Name:	Kerry A. Shiba
		Title:	Executive Vice President and Chief Financial Officer

XML

Property, Plant and Equipment (Tables)

6 Months Ended

Jun. 28, 2015

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment [Table Text Block]

Property, Plant and Equipment

(Dollars in thousands)
	June 28, 2015			December 28, 2014
Land and buildings	$	78,660		$	91,209
Machinery and equipment	480,688			447,880
Leasehold improvements and others	5,353			6,865
Construction in progress	34,178			59,600
	598,879			605,554
Accumulated depreciation	(351,230		)	(350,519		)
Property, plant and equipment, net	$	247,649		$	255,035

XML

Income Taxes Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014	Dec. 28, 2014
Income Tax Examination [Line Items]
Deferred Tax Assets, Valuation Allowance	$ 3,900		$ 3,900		$ 3,900
Income Tax Expense (Benefit)	4,200	$ 3,623	3,439	$ 6,860
Significant Change in Unrecognized Tax Benefits is Reasonably Possible, Amount of Unrecorded Benefit	$ 1,000		$ 1,000

XML

Stock-Based Compensation Stock Option Activity (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	3,500,000		3,500,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	1,700,000		1,700,000
Full Value Awards, Maximum Number of Shares Authorized Under Plan			600,000
Award expiration term			10 years
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			3 years
Stock Options Exercised, Shares			375,178
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period			949,919
Stock Granted, Value, Share-based Compensation, Gross	$ 23,814
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]			192631
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			0
Capitalized share based compensation cost	0		$ 0
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized	$ 4,800,000		$ 4,800,000
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Period for Recognition			2 years 2 months
Severance agreement [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock, Grants in Period		35,081
Employment agreement [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock, Grants in Period		132,455
Restricted Stock, Grants in Period, Weighted Average Grant Date Fair Value		$ 19.44
Employment agreement [Member] | April 30, 2017 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock, Grants in Period		50,000
Employment agreement [Member] | December 31, 2016 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock, Grants in Period		82,455
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock, Grants in Period, Weighted Average Grant Date Fair Value			$ 18.78
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			54,195
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock, Grants in Period, Weighted Average Grant Date Fair Value			$ 18.78
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			110,750
Market Based Performance Stock Units [Member] | Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock, Grants in Period, Weighted Average Grant Date Fair Value			$ 24.81
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			27,686

XML

Income Taxes Tax Jurisdictions (Details)	3 Months Ended		6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014
Income Tax Examination [Line Items]
Effective Income Tax Rate Reconciliation, Percent	39.00%	42.00%	24.00%	41.00%

XML

Restructuring Property, plant and equipment (Details) - Property, Plant and Equipment, Type [Domain] $ in Thousands	3 Months Ended		6 Months Ended		9 Months Ended
	Jun. 28, 2015 USD ($)	Jun. 29, 2014 USD ($)	Jun. 28, 2015 USD ($)	Jun. 29, 2014 USD ($)	Dec. 27, 2015 USD ($)	Dec. 28, 2014 USD ($)
Property, Plant and Equipment [Line Items]
Restructuring Charges	$ 1,565	$ 0	$ 3,438	$ 0
Property, plant and equipment, net	247,649		247,649			$ 255,035
Payments for Restructuring			$ (2,231)
Rogers, Arkansas facility closure [Member]
Property, Plant and Equipment [Line Items]
Restructuring and Related Cost, Expected Number of Positions Eliminated			500
Rogers, Arkansas facility closure [Member] | Rogers, Arkansas facility [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, net	500		$ 500
Cost of Sales [Member] | Rogers, Arkansas facility closure [Member]
Property, Plant and Equipment [Line Items]
Restructuring and Related Cost, Expected Cost	14,047		14,047
Selling, General and Administrative Expenses [Member]
Property, Plant and Equipment [Line Items]
Other Depreciation and Amortization			200
Restructuring Costs, All Costs [Member] | Cost of Sales [Member] | Rogers, Arkansas facility closure [Member]
Property, Plant and Equipment [Line Items]
Restructuring and Related Cost, Expected Cost	14,000		14,000
Scenario, Forecast [Member]
Property, Plant and Equipment [Line Items]
Payments for Restructuring					$ 5,900
Scenario, Forecast [Member] | Rogers, Arkansas facility closure [Member]
Property, Plant and Equipment [Line Items]
Restructuring and Related Cost, Expected Cost	$ 1,100		$ 1,100

XML

Stock-Based Compensation (Tables)

6 Months Ended

Jun. 28, 2015

Share-based Compensation [Abstract]

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]

Stock-based compensation expense related to our unvested stock options and restricted share awards was allocated as follows:

(Dollars in thousands)	Thirteen Weeks Ended						Twenty-six Weeks Ended
	June 28, 2015			June 29, 2014			June 28, 2015			June 29, 2014
Cost of sales	$	102		$	31		$	194		$	80
Selling, general and administrative expenses	656			659			1,122			1,229
Stock-based compensation expense before income taxes	758			690			1,316			1,309
Income tax benefit	(284		)	(205		)	(494		)	(388		)
Total stock-based compensation expense after income taxes	$	474		$	485		$	822		$	921

XML

Accounts Receivable (Details) - USD ($) $ in Thousands	Jun. 28, 2015	Dec. 28, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Trade receivables	$ 93,950	$ 96,177
Other receivables	9,563	6,830
Receivables, current	103,513	103,007
Allowance for doubtful accounts	(1,071)	(514)
Accounts receivable, net	$ 102,442	$ 102,493

XML

Common Stock Repurchase Programs (Notes)

6 Months Ended

Jun. 28, 2015

Common Stock Repurchase Programs [Abstract]

Common Stock Repurchase Program [Text Block]

Common Stock Repurchase Programs

In March 2013, our Board of Directors approved a stock repurchase program (the "2013 Repurchase Program") authorizing the repurchase of up to $30.0 million of our common stock. This 2013 Repurchase Program replaced the previously existing share repurchase program. Shares repurchased under the 2013 Repurchase Program totaled 1,510,759 at a cost of $30.0 million through December 28, 2014, which included 1,089,560 shares repurchased at a cost of $21.8 million during fiscal 2014. Accordingly, no additional shares may be repurchased under the 2013 Repurchase Program.

In October 2014, our Board of Directors approved a new stock repurchase program (the "2014 Repurchase Program") authorizing the repurchase of up to $30.0 million of our common stock. Under the 2014 Repurchase Program, we may repurchase common stock from time to time on the open market or in private transactions. Currently, we expect to fund the repurchases through available cash, although credit options are being evaluated in the context of total capital needs. The timing and extent of the repurchases under the 2014 Repurchase Program will depend upon market conditions and other corporate considerations in our sole discretion. Shares repurchased under the 2014 Repurchase Program totaled 394,713 at a cost of $7.5 million during the first two quarters of 2015.

XML

Business Segments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014	Dec. 28, 2014
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 183,940	$ 198,966	$ 357,669	$ 382,356
Property, plant and equipment, net	247,649		247,649		$ 255,035
UNITED STATES
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	41,708	73,583	85,327	138,068
Property, plant and equipment, net	48,118		48,118		55,120
MEXICO
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	142,232	$ 125,383	272,342	$ 244,288
Property, plant and equipment, net	$ 199,531		$ 199,531		$ 199,915

XML

Derivative Financial Instruments (Details) MXN in Thousands, $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 28, 2015 MXN	Jun. 28, 2015 USD ($)	Jun. 28, 2015 MXN	Dec. 31, 2014 USD ($)	Dec. 31, 2014 MXN
Derivatives, Fair Value [Line Items]
Derivative Liability, Notional Amount		$ 116,237	MXN 1,830,977	$ 115,442	MXN 1,620,386
Derivative, Exchange Rate Floor | MXN	MXN 131,500
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net		$ 4,830
Maximum Remaining Maturity of Foreign Currency Derivatives		24 months
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net		$ 0
Derivative Liability, Notional Amount | MXN	MXN 131,500
Derivative Instruments in Hedges, Liabilities, at Fair Value		(8,914)		(7,552)
Accrued Liabilities [Member]
Derivatives, Fair Value [Line Items]
Cash Flow Hedge Derivative Instrument Liabilities at Fair Value		(6,598)		(1,954)
Other Noncurrent Assets [Member]
Derivatives, Fair Value [Line Items]
Cash Flow Hedge Derivative Instrument Assets at Fair Value		324
Other Noncurrent Liabilities [Member]
Derivatives, Fair Value [Line Items]
Cash Flow Hedge Derivative Instrument Liabilities at Fair Value		(5,598)
Foreign Exchange Option [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Notional Amount		780	131,500	0	0
Cash Flow Hedge Derivative Instrument Liabilities at Fair Value		(106)		0
Foreign Exchange Forward [Member]
Derivatives, Fair Value [Line Items]
Derivative Liability, Notional Amount		115,457	MXN 1,699,477	115,442	MXN 1,620,386
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net		4,830
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net		0
Cash Flow Hedge Derivative Instrument Liabilities at Fair Value		(8,808)		(7,552)
Foreign Exchange Forward [Member] | Designated as Hedging Instrument [Member] | Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Cash Flow Hedge Derivative Instrument Assets at Fair Value		324
Foreign Exchange Forward [Member] | Designated as Hedging Instrument [Member] | Accrued Liabilities [Member]
Derivatives, Fair Value [Line Items]
Cash Flow Hedge Derivative Instrument Liabilities at Fair Value		(6,598)		$ (1,954)
Foreign Exchange Forward [Member] | Designated as Hedging Instrument [Member] | Other Noncurrent Liabilities [Member]
Derivatives, Fair Value [Line Items]
Cash Flow Hedge Derivative Instrument Liabilities at Fair Value		$ (5,598)

XML

Accounts Receivable (Tables)

6 Months Ended

Jun. 28, 2015

Receivables [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

(Dollars in thousands)
	June 28, 2015			December 28, 2014
Trade receivables	$	93,950		$	96,177
Other receivables	9,563			6,830
	103,513			103,007
Allowance for doubtful accounts	(1,071		)	(514		)
Accounts receivable, net	$	102,442		$	102,493

XML

Income Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount			200	900
Net income (loss)	$ 6,534	$ 5,039	$ 10,868	$ 9,861
Basic income (loss) per share	$ 0.24	$ 0.19	$ 0.41	$ 0.36
Weighted average shares outstanding, basic	26,719	27,180	26,788	27,148
Diluted income (loss) per share	$ 0.24	$ 0.18	$ 0.40	$ 0.36
Weighted average dilutive stock options	47	179	48	155
Weighted average shares outstanding, diluted	26,766	27,359	26,836	27,303

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Common Stock Repurchase Programs (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended	22 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Dec. 28, 2014	Dec. 28, 2014	Dec. 31, 2014	Oct. 14, 2014	Mar. 31, 2013
Equity, Class of Treasury Stock [Line Items]
Common Shares Purchased and Retired Under Repurchase Program, Total				1,510,759
Stock Repurchased and Retired During Period, Shares	394,713		1,089,560
Payments for Repurchase of Common Stock	$ (7,547)	$ (12,979)	$ (21,800)	$ (30,000)
2013 Program [Member]
Equity, Class of Treasury Stock [Line Items]
Stock Repurchase Program, Authorized Amount							$ 30,000
2014 Program [Member]
Equity, Class of Treasury Stock [Line Items]
Stock Repurchase Program, Authorized Amount					$ 30,000	$ 30,000

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Investment in Unconsolidated Affiliate (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 28, 2014	Dec. 25, 2011	Jun. 28, 2015	Dec. 31, 2014
Investments in and Advances to Affiliates [Line Items]
Cost Method Investments, Original Cost	$ 4.5
Investment owned, percent of shares outstanding			12.60%
Affiliate borrowings from all parties		$ 1.5
Advances to Affiliate		$ 0.5
Cost Method Investments	4.5			$ 2.0
Cost-method Investments, Other than Temporary Impairment	$ 2.5

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Derivative Financial Instruments (Notes)

6 Months Ended

Jun. 28, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments and Hedging Activities Disclosure [Text Block]

Derivative Financial Instruments

We use derivatives to partially offset our business exposure to foreign currency risk. We may enter into forward contracts, option contracts, swaps, collars or other derivative instruments to offset some of the risk on expected future cash flows and on certain existing assets and liabilities. However, we may choose not to hedge certain exposures for a variety of reasons including, but not limited to, accounting considerations and the prohibitive economic cost of hedging particular exposures. There can be no assurance the hedges will offset more than a portion of the financial impact resulting from movements in foreign currency exchange rates.

To help protect gross margins from fluctuations in foreign currency exchange rates, certain of our subsidiaries whose functional currency is the U.S. dollar hedge a portion of forecasted foreign currency costs. Generally, we may hedge portions of our forecasted foreign currency exposure associated with costs, typically for up to 24 months.

We record all derivatives in the consolidated balance sheets at fair value. Our accounting treatment for these instruments is based on the hedge designation. The effective portions of cash flow hedges are recorded in Accumulated Other Comprehensive Income ("AOCI") until the hedged item is recognized in earnings. The ineffective portions of cash flow hedges are recorded in cost of sales. Derivatives that are not designated as hedging instruments are adjusted to fair value through earnings in the financial statement line item to which the derivative relates.

Deferred gains and losses associated with cash flow hedges of foreign currency costs are recognized as a component of cost of sales in the same period as the related cost is recognized. Our foreign currency transactions hedged with cash flow hedges as of June 28, 2015, are expected to occur monthly through December 2017.

Derivative instruments designated as cash flow hedges must be de-designated as hedges when it is probable the forecasted hedged transaction will not occur in the initially identified time period or within a subsequent two-month time period. Deferred gains and losses in AOCI associated with such derivative instruments are reclassified immediately into other income and expense. Any subsequent changes in fair value of such derivative instruments are reflected in other income and expense unless they are re-designated as hedges of other transactions. We have not recognized any net gains or losses related to the loss of hedge designation on discontinued cash flow hedges.

We had no gains or losses recognized in other income and expense for foreign currency forward and option contracts not designated as hedging instruments during the thirteen week period ended June 28, 2015 or the year ended December 28, 2014.

The following table displays the fair value of derivatives by balance sheet line item:

	June 28, 2015								December 28, 2014
(Dollars in thousands)	Other Non-current Assets		Accrued Liabilities			Other Non-current Liabilities			Accrued Liabilities			Other Non-current Liabilities
Foreign exchange forward contracts and collars designated as hedging instruments	$	324	$	(6,598	)	$	(2,640	)	$	(5,598	)	$	(1,954	)
Total derivative instruments	$	324	$	(6,598	)	$	(2,640	)	$	(5,598	)	$	(1,954	)

The following table summarizes the notional amount and estimated fair value of our derivative financial instruments:

	June 28, 2015							December 28, 2014
(Dollars in thousands)	Local Currency Notional Amount		U.S. Dollar Notional Amount		Fair Value			Local Currency Notional Amount		U.S. Dollar Notional Amount		Fair Value
Mexico Pesos (Collars) (1)	$	131,500	$	780	$	(106	)	$	—	$	—	$	—
Mexico Pesos (Forwards)	1,699,477		115,457		(8,808		)	1,620,386		115,442		(7,552		)
Total derivative financial instruments	$	1,830,977	$	116,237	$	(8,914	)	$	1,620,386	$	115,442	$	(7,552	)

(1) The collars include Mexico peso call options with a notional amount of MXN 131.5 million and Mexico peso put options with a notional amount of MXN 131.5 million, as of June 28, 2015.

Notional amounts are presented on a gross basis. The notional amounts of the derivative financial instruments do not represent amounts exchanged by the parties and, therefore, are not a direct measure of our exposure to the financial risks described above. The amounts exchanged are calculated by reference to the notional amounts and by other terms of the derivatives, such as interest rates, foreign currency exchange rates, or commodity volumes and prices. The hedging contracts mature monthly through December 2017.

The following table provides the impact of derivative instruments designated as cash flow hedges on our consolidated income statement:

Twenty-six Week Period Ended June 28, 2015	Amount of Gain or (Loss)Recognized in OCI on Derivatives (Effective Portion)			Amount of Gain or(Loss) Reclassified from AOCI into Income (Effective Portion)			Amount of Pre-tax Gain or(Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)
(Thousands of dollars)
Foreign exchange forward contracts and collars	$	(4,830	)	$	(3,534	)	$	—
Total	$	(4,830	)	$	(3,534	)	$	—

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Commitments and Contingencies (Details) - Significant Acquisitions and Disposals, Transaction [Domain] - USD ($)	3 Months Ended	6 Months Ended		12 Months Ended	22 Months Ended
	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014	Dec. 28, 2014	Dec. 28, 2014	Dec. 31, 2014	Oct. 14, 2014	May. 05, 2014	Oct. 14, 2013
Other Commitments [Line Items]
Property, plant and equipment, net		$ 247,649,000		$ 255,035,000	$ 255,035,000
Common Shares Purchased and Retired Under Repurchase Program, Total					1,510,759
Payments for Repurchase of Common Stock		$ 7,547,000	$ 12,979,000	$ 21,800,000	$ 30,000,000
Stock Repurchased and Retired During Period, Shares		394,713		1,089,560
Payments to Acquire Property, Plant, and Equipment		$ 23,335,000	$ 55,478,000
Maximum Length of Time, Foreign Currency Cash Flow Hedge		24 months
2014 Program [Member]
Other Commitments [Line Items]
Stock Repurchase Program, Authorized Amount						$ 30,000,000	$ 30,000,000
Stock Repurchase Program, Remaining Authorized Repurchase Amount						$ 30,000,000
Severance agreement [Member]
Other Commitments [Line Items]
Other Commitment									$ 1,345,833
Annual Option Grant, Value, Basis For Share Grant									120,000
Other Accrued Liabilities, Current		$ 1,100,000
Restricted Stock, Grants in Period	35,081
Employment agreement [Member]
Other Commitments [Line Items]
Employment agreement term, years		3 years
Base salary, annual								$ 900,000
Restricted Stock, Grants in Period	132,455
Minimum [Member] | Employment agreement [Member]
Other Commitments [Line Items]
Annual bonus as a percent of annual base salary								80.00%
Target [Member] | Employment agreement [Member]
Other Commitments [Line Items]
Annual bonus as a percent of annual base salary								100.00%
Maximum [Member] | Employment agreement [Member]
Other Commitments [Line Items]
Annual bonus as a percent of annual base salary								200.00%
April 30, 2017 [Member] | Employment agreement [Member]
Other Commitments [Line Items]
Restricted Stock, Grants in Period	50,000
December 31, 2016 [Member] | Employment agreement [Member]
Other Commitments [Line Items]
Restricted Stock, Grants in Period	82,455
Restricted share grant, value on grant date	$ 1,602,920
Performance Shares [Member] | Maximum [Member] | Employment agreement [Member]
Other Commitments [Line Items]
Annual Restricted Stock Unit Grants, value as a percentage of annual salary								200.00%
Time vested shares [Member] | Employment agreement [Member]
Other Commitments [Line Items]
Annual Restricted Stock Unit Grants, value as a percentage of annual salary								66.70%
Change of control related [Member] | Employment agreement [Member]
Other Commitments [Line Items]
Severance Benefit Increase, Percent								100.00%

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Fair Value Measurements (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 28, 2014	Jun. 28, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cost Method Investments	$ 4,500		$ 2,000
Cost-method Investments, Other than Temporary Impairment	$ 2,500
Assets, Fair Value Disclosure		$ 1,150	5,750
Financial Liabilities Fair Value Disclosure		9,238	7,552
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure		0	0
Financial Liabilities Fair Value Disclosure		0	0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure		1,150	3,750
Financial Liabilities Fair Value Disclosure		9,238	7,552
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure		0	2,000
Financial Liabilities Fair Value Disclosure		0	0
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Flow Hedge Derivative Instrument Liabilities at Fair Value		9,238	7,552
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Flow Hedge Derivative Instrument Liabilities at Fair Value		0	0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Flow Hedge Derivative Instrument Liabilities at Fair Value		9,238	7,552
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Flow Hedge Derivative Instrument Liabilities at Fair Value		0	0
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cost Method Investments, Fair Value Disclosure			2,000
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cost Method Investments, Fair Value Disclosure			0
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cost Method Investments, Fair Value Disclosure			0
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cost Method Investments, Fair Value Disclosure			2,000
Certificates of Deposit [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Restricted		1,150	3,750
Certificates of Deposit [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Restricted		0	0
Certificates of Deposit [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Restricted		1,150	3,750
Certificates of Deposit [Member] | Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Restricted		$ 0	$ 0

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valuation allowance on deferred tax asset (Policies)

6 Months Ended

Jun. 28, 2015

Income Tax Disclosure [Abstract]

Income Tax, Policy [Policy Text Block]

We account for income taxes using the asset and liability method. The asset and liability method requires the recognition of deferred tax assets and liabilities for expected future tax consequences of temporary differences that currently exist between the tax basis and financial reporting basis of our assets and liabilities. We calculate current and deferred tax provisions based on estimates and assumptions that could differ from actual results reflected on the income tax returns filed during the following years. Adjustments based on filed returns are recorded when identified in the subsequent years.

The effect on deferred taxes of a change in tax rates is recognized in income in the period that the tax rate change is enacted. In assessing the likelihood of realization of deferred tax assets, we consider whether it is more likely than not that some portion of the deferred tax assets will not be realized. A valuation allowance is provided for deferred income taxes when, in our judgment, based upon currently available information and other factors, it is more likely than not that all or a portion of such deferred income tax assets will not be realized. The determination of the need for a valuation allowance is based on an on-going evaluation of current information including, among other things, historical operating results, estimates of future earnings in different taxing jurisdictions and the expected timing of the reversals of temporary differences. We believe that the determination to record a valuation allowance to reduce a deferred income tax asset is a significant accounting estimate because it is based, among other things, on an estimate of future taxable income in the United States and certain other jurisdictions, which is susceptible to change and may or may not occur, and because the impact of adjusting a valuation allowance may be material.

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Significant Accounting Policies (Policies)

6 Months Ended

Jun. 28, 2015

Accounting Policies [Abstract]

Derivatives, Methods of Accounting, Hedging Derivatives [Policy Text Block]

Derivative instruments designated as cash flow hedges must be de-designated as hedges when it is probable the forecasted hedged transaction will not occur in the initially identified time period or within a subsequent two-month time period. Deferred gains and losses in AOCI associated with such derivative instruments are reclassified immediately into other income and expense. Any subsequent changes in fair value of such derivative instruments are reflected in other income and expense unless they are re-designated as hedges of other transactions.

Deferred gains and losses associated with cash flow hedges of foreign currency costs are recognized as a component of cost of sales in the same period as the related cost is recognized.

Our accounting treatment for these instruments is based on the hedge designation. The effective portions of cash flow hedges are recorded in Accumulated Other Comprehensive Income ("AOCI") until the hedged item is recognized in earnings. The ineffective portions of cash flow hedges are recorded in cost of sales.

Derivatives, Methods of Accounting, Derivatives Not Designated or Qualifying as Hedges [Policy Text Block]

Derivatives that are not designated as hedging instruments are adjusted to fair value through earnings in the financial statement line item to which the derivative relates.

Fair Value Measurement, Policy [Policy Text Block]

The company applies fair value accounting for all financial assets and liabilities and non-financial assets and liabilities that are recognized or disclosed at fair value in the financial statements on a recurring basis, while other assets and liabilities are measured at fair value on a nonrecurring basis, such as when we have an asset impairment. Fair value is estimated by applying the following hierarchy, which prioritizes the inputs used to measure fair value into three levels and bases the categorization within the hierarchy upon the lowest level of input that is available and significant to the fair value measurement:

Level 1 – Quoted prices in active markets for identical assets or liabilities.

Level 2 – Observable inputs other than quoted prices in active markets for identical assets and liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

Level 3 – Inputs that are generally unobservable and typically reflect management’s estimate of assumptions that market participants would use in pricing the asset or liability.

Basis of Accounting, Policy [Policy Text Block]

During interim periods, we follow the accounting policies set forth in our Annual Report on Form 10-K for the fiscal year ended December 28, 2014 (the "2014 Annual Report on Form 10-K") and apply appropriate interim financial reporting standards for a fair statement of our operating results and financial position in conformity with accounting principles generally accepted in the United States of America, as codified by the Financial Accounting Standards Board ("FASB") in the Accounting Standards Codification ("ASC") (referred to herein as "U.S. GAAP"), as indicated below.  Users of financial information produced for interim periods in 2015 are encouraged to read this Quarterly Report on Form 10-Q in conjunction with our consolidated financial statements and notes thereto filed with the Securities and Exchange Commission ("SEC") in our 2014 Annual Report on Form 10-K.

We use a 4-4-5 convention for our fiscal quarters, which are thirteen week periods generally ending on the last Sunday of each calendar quarter.  We refer to these thirteen week fiscal periods as “quarters” throughout this report.  The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the SEC’s requirements for Form 10-Q and, in our opinion, contain all adjustments, of a normal and recurring nature, which are necessary for a fair statement of (i) the condensed consolidated statements of operations for the thirteen and twenty-six week periods ended June 28, 2015 and June 29, 2014, (ii) the condensed consolidated statements of comprehensive income (loss) for the thirteen and twenty-six week periods ended June 28, 2015 and June 29, 2014, (iii) the condensed consolidated balance sheets at June 28, 2015 and December 28, 2014, (iv) the condensed consolidated statements of cash flows for the twenty-six week periods ended June 28, 2015 and June 29, 2014, and (v) the condensed consolidated statement of shareholders’ equity for the twenty-six week period ended June 28, 2015. However, the accompanying unaudited condensed consolidated financial statements do not include all information and notes required by U.S. GAAP.  The condensed consolidated balance sheet as of December 28, 2014, included in this report, was derived from our 2014 audited financial statements, but does not include all disclosures required by U.S. GAAP.

Use of Estimates, Policy [Policy Text Block]

Interim financial reporting standards require us to make estimates that are based on assumptions regarding the outcome of future events and circumstances not known at that time, including the use of estimated effective tax rates.  Inevitably, some assumptions will not materialize, unanticipated events or circumstances may occur which vary from those estimates and such variations may significantly affect our future results. Additionally, interim results may not be indicative of our results for future interim periods or our annual results.

Earnings Per Share, Policy [Policy Text Block]

In accordance with U.S. GAAP, basic net income per share is computed by dividing net income by the weighted average number of common shares outstanding during the period.  Diluted earnings per share includes the dilutive effect of outstanding stock options calculated using the treasury stock method.

The computation of diluted earnings per share does not include stock option awards that were outstanding and anti-dilutive (i.e., including such awards would result in higher earnings per share), since the exercise prices of these awards exceeded the average market price of the company’s common stock during the respective periods.

Amortization Policy, Pre-production Costs [Policy Text Block]

We amortize the cost of the customer-owned tooling over the expected life of the wheel program on a straight line basis.

Revenue Recognition, Deferred Revenue [Policy Text Block]

Also, we defer any reimbursements made to us by our customers and recognize the tooling reimbursement revenue over the same period in which the tooling is in use.

Cash and Cash Equivalents, Policy [Policy Text Block]

The company's short-term investments include certificates of deposit and fixed deposits whose original maturity is greater than three months and is one year or less. Certificates of deposit and fixed deposits whose original maturity is three months or less are classified as cash equivalents and certificates of deposit and fixed deposits whose maturity is greater than one year at the balance sheet date are classified as non-current assets in our condensed consolidated balance sheet.

Income Tax, Policy [Policy Text Block]

We account for income taxes using the asset and liability method. The asset and liability method requires the recognition of deferred tax assets and liabilities for expected future tax consequences of temporary differences that currently exist between the tax basis and financial reporting basis of our assets and liabilities. We calculate current and deferred tax provisions based on estimates and assumptions that could differ from actual results reflected on the income tax returns filed during the following years. Adjustments based on filed returns are recorded when identified in the subsequent years.

The effect on deferred taxes of a change in tax rates is recognized in income in the period that the tax rate change is enacted. In assessing the likelihood of realization of deferred tax assets, we consider whether it is more likely than not that some portion of the deferred tax assets will not be realized. A valuation allowance is provided for deferred income taxes when, in our judgment, based upon currently available information and other factors, it is more likely than not that all or a portion of such deferred income tax assets will not be realized. The determination of the need for a valuation allowance is based on an on-going evaluation of current information including, among other things, historical operating results, estimates of future earnings in different taxing jurisdictions and the expected timing of the reversals of temporary differences. We believe that the determination to record a valuation allowance to reduce a deferred income tax asset is a significant accounting estimate because it is based, among other things, on an estimate of future taxable income in the United States and certain other jurisdictions, which is susceptible to change and may or may not occur, and because the impact of adjusting a valuation allowance may be material.

Income Tax Uncertainties, Policy [Policy Text Block]

If a position does not meet the more likely than not threshold for recognition in step one, no benefit is recorded until the first subsequent period in which the more likely than not standard is met, the issue is resolved with the taxing authority, or the statute of limitations expires. Positions previously recognized are derecognized when we subsequently determine the position no longer is more likely than not to be sustained. Evaluation of tax positions, their technical merits, and measurements using cumulative probability are highly subjective management estimates. Actual results could differ materially from these estimates.

Description of New Accounting Pronouncements Not yet Adopted [Text Block]

New Accounting Pronouncements

In May 2014, the FASB issued an Accounting Standards Update ("ASU') entitled “Revenue from Contracts with Customers.” The ASU requires that an entity recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. For a public entity, the amendments in this ASU are effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early application is not permitted. In April 2015, the FASB proposed a one-year deferral of the effective date. Under the proposal, the standard would be required to be adopted by public business entities in annual periods beginning on or after December 15, 2017. The FASB also proposed to permit early adoption at the original effective date. We are evaluating the impact this guidance will have on our financial position and statement of operations.

In June 2014, the FASB issued an ASU entitled "Compensation - Stock Compensation." The ASU provides guidance on when the terms of an award provide that a performance target could be achieved after the requisite service period. The new guidance becomes effective for annual reporting periods beginning after December 15, 2015, early adoption is permitted.  We are currently evaluating the impact this guidance will have on our financial position and results of operations.

In January 2015, the FASB issued an ASU entitled “Income Statement - Extraordinary and Unusual Items.” The ASU requires that an entity simplify Income Statement presentation by eliminating the concept of "Extraordinary Items". The amendments in this ASU are effective for annual reporting periods beginning after December 15, 2015, including interim periods within that reporting period. Early adoption is permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. We are evaluating the impact this guidance will have on our financial position and statement of operations.

In February 2015, the FASB issued an ASU entitled “Consolidation.” The ASU includes amendments to the consolidation analysis which are effective for annual reporting periods beginning after December 15, 2015, including interim periods within that reporting period. Early adoption, including adoption in interim periods, is permitted. We are evaluating the impact this guidance will have on our financial position and statement of operations.

In April 2015, the FASB issued an ASU entitled “Interest - Imputation of Interest.” The ASU requires that an entity simplify the presentation of debt issuance costs, the amendments in this ASU are effective for annual reporting periods beginning after December 15, 2015, including interim periods within that reporting period. Early adoption is allowed for all entities for financial statements that have not been previously issued. We are evaluating the impact this guidance will have on our financial position and statement of operations.

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Short-Term Investments (Details) - USD ($) $ in Millions	Jun. 28, 2015	Dec. 28, 2014
Short-term Investments [Abstract]
Restricted Cash and Investments, Current	$ 1.2	$ 3.8

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Line of Credit (Details) - USD ($) $ in Millions	Dec. 14, 2014	Dec. 19, 2014
Debt Instrument [Line Items]
Debt Intrument, Collateral, Percent of non US equity	65.00%
Revolving Credit Facility [Member] | Line of Credit [Member]
Debt Instrument [Line Items]
Debt Instrument, Description of Variable Rate Basis	JPMCB’s prime rate
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.20%
Revolving Credit Facility [Member] | Line of Credit [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Debt Instrument, Description of Variable Rate Basis	London interbank
J.P. Morgan Chase Bank N.A. and Wells Fargo Bank N.A. [Member] | Revolving Credit Facility [Member] | Line of Credit [Member]
Debt Instrument [Line Items]
Line of Credit, Accordian Feature, Increase Limit		$ 50.0
Line of Credit Facility, Maximum Borrowing Capacity		$ 100.0
Minimum [Member] | Revolving Credit Facility [Member] | Line of Credit [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.75%
Minimum [Member] | Revolving Credit Facility [Member] | Line of Credit [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.00%
Maximum [Member] | Revolving Credit Facility [Member] | Line of Credit [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.25%
Maximum [Member] | Revolving Credit Facility [Member] | Line of Credit [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.25%

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Derivative Financial Instruments (Tables)

6 Months Ended

Jun. 28, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair Value, by Balance Sheet Grouping [Table Text Block]

The following table displays the fair value of derivatives by balance sheet line item:

	June 28, 2015								December 28, 2014
(Dollars in thousands)	Other Non-current Assets		Accrued Liabilities			Other Non-current Liabilities			Accrued Liabilities			Other Non-current Liabilities
Foreign exchange forward contracts and collars designated as hedging instruments	$	324	$	(6,598	)	$	(2,640	)	$	(5,598	)	$	(1,954	)
Total derivative instruments	$	324	$	(6,598	)	$	(2,640	)	$	(5,598	)	$	(1,954	)

Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]

The following table summarizes the notional amount and estimated fair value of our derivative financial instruments:

	June 28, 2015							December 28, 2014
(Dollars in thousands)	Local Currency Notional Amount		U.S. Dollar Notional Amount		Fair Value			Local Currency Notional Amount		U.S. Dollar Notional Amount		Fair Value
Mexico Pesos (Collars) (1)	$	131,500	$	780	$	(106	)	$	—	$	—	$	—
Mexico Pesos (Forwards)	1,699,477		115,457		(8,808		)	1,620,386		115,442		(7,552		)
Total derivative financial instruments	$	1,830,977	$	116,237	$	(8,914	)	$	1,620,386	$	115,442	$	(7,552	)

Derivative Instruments, Gain (Loss) [Table Text Block]

The following table provides the impact of derivative instruments designated as cash flow hedges on our consolidated income statement:

Twenty-six Week Period Ended June 28, 2015	Amount of Gain or (Loss)Recognized in OCI on Derivatives (Effective Portion)			Amount of Gain or(Loss) Reclassified from AOCI into Income (Effective Portion)			Amount of Pre-tax Gain or(Loss) Recognized in Income on Derivative (Ineffective Portion and Amount Excluded from Effectiveness Testing)
(Thousands of dollars)
Foreign exchange forward contracts and collars	$	(4,830	)	$	(3,534	)	$	—
Total	$	(4,830	)	$	(3,534	)	$	—

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Fair Value Measurements (Tables)

6 Months Ended

Jun. 28, 2015

Fair Value Disclosures [Abstract]

Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]

The following table categorizes items measured at fair value, on a recurring and unrecurring basis at December 28, 2014:

			Fair Value Measurement at Reporting Date Using
			Quoted Prices		Significant Other		Significant
			in Active Markets		Observable		Unobservable
			for Identical Assets		Inputs		Inputs
December 28, 2014			(Level 1)		(Level 2)		(Level 3)
(Dollars in thousands)
Assets
Certificates of deposit	$	3,750	$	—	$	3,750	$	—
Investment in unconsolidated affiliate	2,000		—		—		2,000
Total	$	5,750	$	—	$	3,750	$	2,000
Liabilities
Derivative contracts	$	7,552	$	—	$	7,552	$	—
Total	$	7,552	$	—	$	7,552	$	—

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Nature of Operations

6 Months Ended

Jun. 28, 2015

Nature of Operations [Abstract]

Nature of Operations [Text Block]

Nature of Operations

Headquartered in Southfield, Michigan, the principal business of Superior Industries International, Inc. (referred to herein as the “company” or in the first person notation “we,” “us” and “our”) is the design and manufacture of aluminum road wheels for sale to original equipment manufacturers ("OEMs"). We are one of the largest suppliers of cast aluminum wheels to the world’s leading automobile and light-duty truck manufacturers, with wheel manufacturing operations in the United States and Mexico.  Customers in North America represent the principal market for our products. In addition, the majority of our net sales to international customers by our North American facilities are delivered primarily to such customers' assembly operations in North America.

Ford Motor Company ("Ford"), General Motors Company ("GM") and Toyota Motor Company ("Toyota") were our customers individually accounting for more than 10 percent of our consolidated sales in the first two quarters of 2015 and together represented approximately 83 percent of our total sales during the first two quarters of 2015. Additionally, Fiat Chrysler Automotive N.V. ("FCA") individually accounted for more than 10 percent of our consolidated sales during the first two quarters of 2014 and together with Ford, GM and Toyota represented approximately 90 percent of our total sales during the first two quarters of 2014. We also manufacture aluminum wheels for BMW, Mazda, Mitsubishi, Nissan, Subaru, Tesla and Volkswagen.  The loss of all or a substantial portion of our sales to Ford, GM or Toyota would have a significant adverse impact on our operating results and financial condition. This risk is partially mitigated by our long-term relationships with these OEM customers and our supply arrangements, which are generally for multi-year periods.

Demand for automobiles and light-duty trucks (including SUV's and crossover vehicles) in the North American market is subject to many unpredictable factors such as changes in the general economy, gasoline prices, consumer credit availability and interest rates.  Demand for aluminum wheels can be further affected by other factors, including pricing and performance compared to competitive materials such as steel.  Finally, the demand for our products is influenced by shifts of market share between vehicle manufacturers and the specific market penetration of individual vehicle platforms being sold by our customers.

While we historically have had long-term relationships with our customers and our supply arrangements generally are for multi-year periods, maintaining such long-term arrangements on terms acceptable to us has become increasingly difficult. Global competitive pricing pressures continue to affect our business negatively as our customers maintain and/or further develop alternative supplier options. Increasingly global procurement practices and competition, and the pressure for price reductions, may make it more difficult to maintain long-term supply arrangements with our customers. As a result, there can be no guarantees that we will be able to negotiate supply arrangements with our customers on terms acceptable to us in the future.

We are engaged in ongoing programs to reduce our own costs through improved operational and procurement practices in an attempt to mitigate the impact of these pricing pressures. However, these improvement programs may not be sufficient to offset the adverse impact of ongoing pricing pressures and potential reductions in customer demand in future periods. Additional factors such as inconsistent customer ordering patterns, increasing product complexity and heightened quality standards also are making it increasingly difficult to reduce our costs. It is also possible that as we incur costs to implement improvement strategies, the initial impact of these strategies on our financial position, results of operations and cash flow may be negative.

The raw materials used in producing our products are readily available and are obtained through suppliers with whom we have, in many cases, relatively long-standing trade relations.

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Restructuring (Tables)

6 Months Ended

Jun. 28, 2015

Restructuring [Abstract]

Schedule of Restructuring Reserve by Type of Cost [Table Text Block]

Changes in the accrued expenses related to restructuring liabilities during the twenty-six weeks ended June 28, 2015 are summarized as follows:

(Dollars in thousands)
Balance December 28, 2014	$	215
Restructuring accruals	2,180
Cash payments	(2,231		)
Balance June 28, 2015	$	164

Restructuring and Related Costs [Table Text Block]

The following table summarizes the Rogers, Arkansas plant closure costs and classification in the condensed consolidated statements of operations as of June 28, 2015:

(Dollars in thousands)	Costs Incurred Through December 28, 2014		Costs Incurred During the Twenty-six Week Period Ended June 28, 2015		Costs Remaining		Total Expected Costs		Classification
Depreciation of assets to be abandoned and depreciation on idled assets	$	5,365	$	950	$	1,224	$	7,539	Cost of sales, Restructuring costs
One-time severance costs	1,897		181		—		2,078		Cost of sales, Restructuring costs
Equipment removal, inventory write-down, lease termination and other costs	1,167		2,307		956		4,430		Cost of sales, Restructuring costs
	$	8,429	$	3,438	$	2,180	$	14,047

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Retirement Plans (Tables)

6 Months Ended

Jun. 28, 2015

Compensation and Retirement Disclosure [Abstract]

Schedule of Net Benefit Costs [Table Text Block]

he following table summarizes the components of net periodic pension cost for the second quarter of 2015 and 2014.

(Dollars in thousands)	Thirteen Weeks Ended				Twenty-six Weeks Ended
	June 28, 2015		June 29, 2014		June 28, 2015		June 29, 2014
Service cost	$	11	$	304	$	22	$	325
Interest cost	307		293		615		586
Net amortization	134		29		267		59
Net periodic pension cost	$	452	$	626	$	904	$	970

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Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014	Dec. 28, 2014
Income Tax Examination [Line Items]
Deferred Tax Assets, Valuation Allowance	$ 3,900		$ 3,900		$ 3,900
Income tax (provision) benefit	$ 4,200	$ 3,623	$ 3,439	$ 6,860
Effective Income Tax Rate, Continuing Operations	39.00%	42.00%	24.00%	41.00%

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Condensed Consolidated Income Statements - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014
NET SALES	$ 183,940	$ 198,966	$ 357,669	$ 382,356
Cost of sales	162,455	183,234	323,089	350,988
Restructuring Charges	1,565	0	3,438	0
Cost of Goods Sold, Including Restructuring Costs	164,020	183,234	326,527	350,988
GROSS PROFIT	19,920	15,732	31,142	31,368
Selling, general and administrative expenses	8,881	7,288	16,433	15,221
INCOME (LOSS) FROM OPERATIONS	11,039	8,444	14,709	16,147
Interest income, net	57	311	142	660
Other income (expense), net	(362)	(93)	(544)	(86)
INCOME (LOSS) BEFORE INCOME TAXES	10,734	8,662	14,307	16,721
Income tax (provision) benefit	(4,200)	(3,623)	(3,439)	(6,860)
NET INCOME (LOSS)	$ 6,534	$ 5,039	$ 10,868	$ 9,861
INCOME (LOSS) PER SHARE - BASIC	$ 0.24	$ 0.19	$ 0.41	$ 0.36
INCOME (LOSS) PER SHARE - DILUTED	0.24	0.18	0.40	0.36
DIVIDENDS DECLARED PER SHARE	$ 0.18	$ 0.18	$ 0.36	$ 0.36

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Restructuring (Details) $ in Thousands	3 Months Ended		6 Months Ended		9 Months Ended	12 Months Ended
	Jun. 28, 2015 USD ($)	Jun. 29, 2014 USD ($)	Jun. 28, 2015 USD ($)	Jun. 29, 2014 USD ($)	Dec. 27, 2015 USD ($)	Dec. 28, 2014 USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	$ 164		$ 164			$ 215
Restructuring Charges	1,565	$ 0	3,438	$ 0
Payments for Restructuring			$ (2,231)
Rogers, Arkansas facility closure [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Number of Positions Eliminated			500
Rogers, Arkansas facility closure [Member] | Cost of Sales, Restructuring Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Accelerated Depreciation			$ 950			5,365
Restructuring and Related Cost, Expected Cost Remaining	2,180		2,180
Expected Restructuring Charges	14,047		14,047
Restructuring and Related Cost, Incurred Cost			3,438			8,429
Accelerated Depreciation [Member] | Rogers, Arkansas facility closure [Member] | Cost of Sales, Restructuring Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost Remaining	1,224		1,224
Expected Restructuring Charges	7,539		7,539
One-time Termination Benefits [Member] | Rogers, Arkansas facility closure [Member] | Cost of Sales, Restructuring Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost Remaining	0		0
Expected Restructuring Charges	2,078		2,078
Restructuring and Related Cost, Incurred Cost			181			1,897
Other Restructuring [Member] | Rogers, Arkansas facility closure [Member] | Cost of Sales, Restructuring Costs [Member]
Restructuring Cost and Reserve [Line Items]
Expected Restructuring Charges	14,000		14,000
Other Restructuring [Member] | Rogers, Arkansas facility closure [Member] | Cost of Sales, Restructuring Costs [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost Remaining	956		956
Expected Restructuring Charges	4,430		4,430
Restructuring and Related Cost, Incurred Cost			2,307			$ 1,167
Restructuring Charges, Excluding Accelerated Depreciation [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges			2,180
Scenario, Forecast [Member]
Restructuring Cost and Reserve [Line Items]
Payments for Restructuring					$ 5,900
Scenario, Forecast [Member] | Rogers, Arkansas facility closure [Member]
Restructuring Cost and Reserve [Line Items]
Expected Restructuring Charges	$ 1,100		$ 1,100

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Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014
NET CASH PROVIDED BY OPERATING ACTIVITIES	$ 25,208	$ 1,541
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to property, plant and equipment	(23,335)	(55,478)
Proceeds from life insurance policy	278	352
Proceeds from sales and maturities of investments	2,600	2,800
Purchase of investments	0	(2,800)
Proceeds from sale of property, plant and equipment	1,758	93
Other	37	71
NET CASH USED IN INVESTING ACTIVITIES	(18,662)	(54,962)
CASH FLOWS FROM FINANCING ACTIVITIES:
Cash dividends paid	(9,589)	(9,776)
Payments for Repurchase of Common Stock	(7,547)	(12,979)
Proceeds from exercise of stock options	6,484	3,471
Excess tax benefits from exercise of stock options	6	26
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES	(10,646)	(19,258)
Effect of exchange rate changes on cash	(1,010)	75
Net decrease in cash and cash equivalents	(5,110)	(72,604)
Cash and cash equivalents at the beginning of the period	62,451	$ 199,301
Cash and cash equivalents at the end of period	$ 57,341

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Property, Plant and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014	Dec. 31, 2014	Dec. 28, 2014
Property, Plant and Equipment [Line Items]
Deferred Revenue, Revenue Recognized	$ 1,500	$ 2,100	$ 3,200	$ 4,100
Property, plant and equipment, gross	598,879		598,879			$ 605,554
Accumulated depreciation	(351,230)		(351,230)			(350,519)
Property, plant and equipment, net	247,649		247,649			255,035
Depreciation expense			17,000	$ 14,400
Land and buildings [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	78,660		78,660			91,209
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	480,688		480,688			447,880
Leasehold improvements and others [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	5,353		5,353			6,865
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	34,178		34,178			$ 59,600
236210 Industrial Building Construction [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, net	$ 18,800		$ 18,800		$ 47,800

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Pre-Production Costs Related to Long-Term Supply Arrangements (Tables)

6 Months Ended

Jun. 28, 2015

Pre-Production Costs and Deferred Revenue Related to Long-Term Supply Arrangements [Abstract]

Pre-Production Costs and Deferred Revenue Related to Long-Term Supply Arrangements [Table Text Block]

e following table summarizes the unamortized customer-owned tooling costs included in our non-current assets, and the deferred tooling revenues included in accrued expenses and other non-current liabilities.

(Dollars in Thousands)	June 28, 2015			December 28, 2014
Unamortized Preproduction Costs
Preproduction costs	$	69,683		$	65,621
Accumulated amortization	(56,284		)	(53,408		)
Net preproduction costs	$	13,399		$	12,213
Deferred Tooling Revenues
Accrued expenses	$	3,865		$	4,833
Other non-current liabilities	1,954			2,449
Total deferred tooling revenues	$	5,819		$	7,282

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cumulative unrealized translation gains and losses (Details) $ in Millions	Jun. 28, 2015 USD ($)
MEXICO
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax	$ 76.5

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Inventories

6 Months Ended

Jun. 28, 2015

Inventory Disclosure [Abstract]

Inventory Disclosure [Text Block]

Inventories

(Dollars in thousands)
	June 28, 2015		December 28, 2014
Raw materials	$	16,701	$	19,427
Work in process	29,607		30,797
Finished goods	23,104		24,453
Inventories	$	69,412	$	74,677

Service wheel and supplies inventory included in other non-current assets in the condensed consolidated balance sheets totaled $6.5 million and $6.4 million at June 28, 2015 and December 28, 2014, respectively. Included in raw materials was supplies inventory totaling $8.8 million on June 28, 2015 and December 28, 2014, respectively.

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Income Per Share (Tables)

6 Months Ended

Jun. 28, 2015

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

Summarized below are the calculations of basic and diluted earnings per share.

(In thousands, except per share amounts)	Thirteen Weeks Ended				Twenty-six Weeks Ended
	June 28, 2015		June 29, 2014		June 28, 2015		June 29, 2014
Basic Income Per Share:
Reported net income	$	6,534	$	5,039	$	10,868	$	9,861
Basic income per share	$	0.24	$	0.19	$	0.41	$	0.36
Weighted average shares outstanding - Basic	26,719		27,180		26,788		27,148
Diluted Income Per Share:
Reported net income	$	6,534	$	5,039	$	10,868	$	9,861
Diluted income per share	$	0.24	$	0.18	$	0.40	$	0.36
Weighted average shares outstanding	26,719		27,180		26,788		27,148
Weighted average dilutive stock options	47		179		48		155
Weighted average shares outstanding - Diluted	26,766		27,359		26,836		27,303

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Retirement Plans

6 Months Ended

Jun. 28, 2015

Compensation and Retirement Disclosure [Abstract]

Pension and Other Postretirement Benefits Disclosure [Text Block]

Retirement Plans

We have an unfunded supplemental executive retirement plan covering certain officers, key members of management and our non-employee directors.  Subject to certain vesting requirements, the plan provides for retirement benefits based on the average of the final thirty-six months of base salary.  Such benefits become payable upon attaining age sixty-five, or upon retirement, if later.  The benefits are paid biweekly and continue for the remainder of the retiree’s life or for a minimum of ten years. The plan was closed to new participants effective February 3, 2011.

For the twenty-six weeks ended June 28, 2015, payments to retirees or their beneficiaries totaled approximately $0.8 million.  We presently anticipate benefit payments in 2015 to total approximately $2.3 million.  The following table summarizes the components of net periodic pension cost for the second quarter of 2015 and 2014.

(Dollars in thousands)	Thirteen Weeks Ended				Twenty-six Weeks Ended
	June 28, 2015		June 29, 2014		June 28, 2015		June 29, 2014
Service cost	$	11	$	304	$	22	$	325
Interest cost	307		293		615		586
Net amortization	134		29		267		59
Net periodic pension cost	$	452	$	626	$	904	$	970

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Condensed Consolidated Statement of Shareholders' Equity - 6 months ended Jun. 28, 2015 - USD ($) $ in Thousands	Total	Common Stock Including Additional Paid in Capital [Member]	Pension Plans, Defined Benefit [Member]	Accumulated Translation Adjustment [Member]	Retained Earnings [Member]	Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Share balance at Dec. 28, 2014	26,730,247	26,730,247
Balance at Dec. 28, 2014	$ 439,006	$ 81,473	$ (5,186)	$ (71,474)	$ 438,958
Net income	10,868				10,868
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax	(810)
Change in employee benefit plans, net of taxes	168		168
Net foreign currency translation adjustment	$ (6,036)			(6,036)
Stock Options Exercised, Shares	375,178	375,178
Stock Options Exercised, Value	$ 6,484	$ 6,484
Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures		17,285
Stock Based Compensation Expense	1,270	$ 1,270
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation	$ (1,389)	$ (1,389)
Stock Repurchased and Retired During Period, Shares	(394,713)	(394,713)
Stock Repurchased and Retired During Period, Value	$ (7,547)	$ (1,259)			(6,288)
Dividends, Cash	(9,698)				(9,698)
Balance at Jun. 28, 2015	$ 432,316	$ 86,579	$ (5,018)	$ (77,510)	$ 433,840	$ (5,575)
Share balance at Jun. 28, 2015	26,727,997	26,727,997

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Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014
Net income (loss)	$ 6,534	$ 5,039	$ 10,868	$ 9,861
Other comprehensive income (loss), net of tax:
Foreign currency translation gain (loss)	(2,311)	529	(6,036)	418
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax	(928)	0	(3,020)	0
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax	1,216	0	2,210	0
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax	288	0	(810)	0
Defined benefit pension plan:
Amortization of amounts resulting from changes in actuarial assumptions	134	30	268	59
Tax provision	(50)	(11)	(100)	(22)
Pension changes, net of tax	84	19	168	37
Other comprehensive income (loss), net of tax	(1,939)	548	(6,678)	455
Comprehensive income	$ 4,595	$ 5,587	$ 4,190	$ 10,316

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Pre-Production Costs Related to Long-Term Supply Arrangements

6 Months Ended

Jun. 28, 2015

Pre-Production Costs and Deferred Revenue Related to Long-Term Supply Arrangements [Abstract]

PreProductionCostsandDeferredRevenueRelatedtoLongTermSupplyArrangements [Text Block]

Pre-Production Costs Related to Long-Term Supply Arrangements

We incur preproduction engineering and tooling costs related to the products manufactured for our customers under long-term supply agreements. We amortize the cost of the customer-owned tooling over the expected life of the wheel program on a straight line basis. Also, we defer any reimbursements made to us by our customers and recognize the tooling reimbursement revenue over the same period in which the tooling is in use. Recognized deferred tooling revenues included in net sales in the condensed consolidated statements of operations totaled $1.5 million and $2.1 million for the thirteen weeks ended June 28, 2015 and June 29, 2014 respectively, and $3.2 million and $4.1 million for the twenty-six weeks ended June 28, 2015 and June 29, 2014, respectively. The following table summarizes the unamortized customer-owned tooling costs included in our non-current assets, and the deferred tooling revenues included in accrued expenses and other non-current liabilities.

(Dollars in Thousands)	June 28, 2015			December 28, 2014
Unamortized Preproduction Costs
Preproduction costs	$	69,683		$	65,621
Accumulated amortization	(56,284		)	(53,408		)
Net preproduction costs	$	13,399		$	12,213
Deferred Tooling Revenues
Accrued expenses	$	3,865		$	4,833
Other non-current liabilities	1,954			2,449
Total deferred tooling revenues	$	5,819		$	7,282

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Document and Entity Information Statement - shares	6 Months Ended
	Jun. 28, 2015	Aug. 03, 2015
Entity Registrant Name	SUPERIOR INDUSTRIES INTERNATIONAL INC
Entity Central Index Key	0000095552
Current Fiscal Year End Date	--12-27
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 28, 2015
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		26,588,347
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes

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Income Per Share

6 Months Ended

Jun. 28, 2015

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Income Per Share

In accordance with U.S. GAAP, basic net income per share is computed by dividing net income by the weighted average number of common shares outstanding during the period.  Diluted earnings per share includes the dilutive effect of outstanding stock options calculated using the treasury stock method.

The computation of diluted earnings per share does not include stock option awards that were outstanding and anti-dilutive (i.e., including such awards would result in higher earnings per share), since the exercise prices of these awards exceeded the average market price of the company’s common stock during the respective periods.  For the thirteen and twenty-six week periods ended June 28, 2015 there were 0.2 million shares issuable under outstanding stock options excluded from the computations. For the thirteen and twenty-six week periods ended June 29, 2014, there were 0.9 million shares issuable under outstanding stock options excluded from the computations.  Summarized below are the calculations of basic and diluted earnings per share.

(In thousands, except per share amounts)	Thirteen Weeks Ended				Twenty-six Weeks Ended
	June 28, 2015		June 29, 2014		June 28, 2015		June 29, 2014
Basic Income Per Share:
Reported net income	$	6,534	$	5,039	$	10,868	$	9,861
Basic income per share	$	0.24	$	0.19	$	0.41	$	0.36
Weighted average shares outstanding - Basic	26,719		27,180		26,788		27,148
Diluted Income Per Share:
Reported net income	$	6,534	$	5,039	$	10,868	$	9,861
Diluted income per share	$	0.24	$	0.18	$	0.40	$	0.36
Weighted average shares outstanding	26,719		27,180		26,788		27,148
Weighted average dilutive stock options	47		179		48		155
Weighted average shares outstanding - Diluted	26,766		27,359		26,836		27,303

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Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 28, 2015	Dec. 28, 2014
Current assets:
Cash and cash equivalents	$ 57,341	$ 62,451
Short term investments	1,150	3,750
Accounts receivable, net	102,442	102,493
Inventories	69,412	74,677
Income taxes receivable	1,420	3,740
Deferred income taxes, net	9,764	9,897
Other current assets	24,555	19,003
Total current assets	266,084	276,011
Property, plant and equipment, net	247,649	255,035
Investment in and advances to unconsolidated affiliate	2,000	2,000
Non-current deferred income taxes, net	15,216	17,852
Non-current assets	30,486	29,012
Total assets	561,435	579,910
Current liabilities:
Accounts payable	22,936	23,938
Accrued expenses	43,699	48,024
Total current liabilities	66,635	71,962
Non-current income tax liabilities	7,190	13,621
Non-current deferred income tax liabilities, net	15,219	15,122
Other non-current liabilities	40,075	40,199
Commitments and contingencies (Note 14)	0	0
Shareholders' equity:
Preferred stock, no par value, Authorized - 1,000,000 shares, Issued - none	0	0
Common stock, no par value, Authorized - 100,000,000 shares, Issued and outstanding - 26,632,794 shares, (27,155,550 shares at December 29, 2013)	86,579	81,473
Accumulated other comprehensive loss	(88,103)	(81,425)
Retained earnings	433,840	438,958
Total shareholders' equity	432,316	439,006
Total liabilities and shareholders' equity	$ 561,435	$ 579,910

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Significant Accounting Policies

6 Months Ended

Jun. 28, 2015

Accounting Policies [Abstract]

BasisOfPresentationSignificantAccountingPoliciesAndPriorPeriodAdjustments [Text Block]

Presentation of Condensed Consolidated Financial Statements

During interim periods, we follow the accounting policies set forth in our Annual Report on Form 10-K for the fiscal year ended December 28, 2014 (the "2014 Annual Report on Form 10-K") and apply appropriate interim financial reporting standards for a fair statement of our operating results and financial position in conformity with accounting principles generally accepted in the United States of America, as codified by the Financial Accounting Standards Board ("FASB") in the Accounting Standards Codification ("ASC") (referred to herein as "U.S. GAAP"), as indicated below.  Users of financial information produced for interim periods in 2015 are encouraged to read this Quarterly Report on Form 10-Q in conjunction with our consolidated financial statements and notes thereto filed with the Securities and Exchange Commission ("SEC") in our 2014 Annual Report on Form 10-K.

Interim financial reporting standards require us to make estimates that are based on assumptions regarding the outcome of future events and circumstances not known at that time, including the use of estimated effective tax rates.  Inevitably, some assumptions will not materialize, unanticipated events or circumstances may occur which vary from those estimates and such variations may significantly affect our future results. Additionally, interim results may not be indicative of our results for future interim periods or our annual results.

We use a 4-4-5 convention for our fiscal quarters, which are thirteen week periods generally ending on the last Sunday of each calendar quarter.  We refer to these thirteen week fiscal periods as “quarters” throughout this report.  The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the SEC’s requirements for Form 10-Q and, in our opinion, contain all adjustments, of a normal and recurring nature, which are necessary for a fair statement of (i) the condensed consolidated statements of operations for the thirteen and twenty-six week periods ended June 28, 2015 and June 29, 2014, (ii) the condensed consolidated statements of comprehensive income (loss) for the thirteen and twenty-six week periods ended June 28, 2015 and June 29, 2014, (iii) the condensed consolidated balance sheets at June 28, 2015 and December 28, 2014, (iv) the condensed consolidated statements of cash flows for the twenty-six week periods ended June 28, 2015 and June 29, 2014, and (v) the condensed consolidated statement of shareholders’ equity for the twenty-six week period ended June 28, 2015. However, the accompanying unaudited condensed consolidated financial statements do not include all information and notes required by U.S. GAAP.  The condensed consolidated balance sheet as of December 28, 2014, included in this report, was derived from our 2014 audited financial statements, but does not include all disclosures required by U.S. GAAP.

New Accounting Pronouncements

In May 2014, the FASB issued an Accounting Standards Update ("ASU') entitled “Revenue from Contracts with Customers.” The ASU requires that an entity recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. For a public entity, the amendments in this ASU are effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early application is not permitted. In April 2015, the FASB proposed a one-year deferral of the effective date. Under the proposal, the standard would be required to be adopted by public business entities in annual periods beginning on or after December 15, 2017. The FASB also proposed to permit early adoption at the original effective date. We are evaluating the impact this guidance will have on our financial position and statement of operations.

In June 2014, the FASB issued an ASU entitled "Compensation - Stock Compensation." The ASU provides guidance on when the terms of an award provide that a performance target could be achieved after the requisite service period. The new guidance becomes effective for annual reporting periods beginning after December 15, 2015, early adoption is permitted.  We are currently evaluating the impact this guidance will have on our financial position and results of operations.

In January 2015, the FASB issued an ASU entitled “Income Statement - Extraordinary and Unusual Items.” The ASU requires that an entity simplify Income Statement presentation by eliminating the concept of "Extraordinary Items". The amendments in this ASU are effective for annual reporting periods beginning after December 15, 2015, including interim periods within that reporting period. Early adoption is permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. We are evaluating the impact this guidance will have on our financial position and statement of operations.

In February 2015, the FASB issued an ASU entitled “Consolidation.” The ASU includes amendments to the consolidation analysis which are effective for annual reporting periods beginning after December 15, 2015, including interim periods within that reporting period. Early adoption, including adoption in interim periods, is permitted. We are evaluating the impact this guidance will have on our financial position and statement of operations.

In April 2015, the FASB issued an ASU entitled “Interest - Imputation of Interest.” The ASU requires that an entity simplify the presentation of debt issuance costs, the amendments in this ASU are effective for annual reporting periods beginning after December 15, 2015, including interim periods within that reporting period. Early adoption is allowed for all entities for financial statements that have not been previously issued. We are evaluating the impact this guidance will have on our financial position and statement of operations.

In April 2015, the FASB issued an ASU entitled “Compensation - Retired Benefits.” The ASU provides practical expedients for the measurement date of an employer's defined benefit obligation and plan assets. The amendments in this ASU are effective for annual reporting periods beginning after December 15, 2015, including interim periods within that reporting period, early adoption is permitted. We are evaluating the impact this guidance will have on our financial position and statement of operations.

In June 2015, the FASB issued an ASU entitled “Technical Corrections and Improvements.” The ASU provides changes to clarify the ASC, correct unintended application of guidance, and make minor improvements to the ASC. The amendments in this ASU that require transition guidance are effective for annual reporting periods beginning after December 15, 2015, including interim periods within that reporting period. Early adoption is permitted, including adoption in an interim period. All other amendments will be effective upon the issuance of this update. We are evaluating the impact this guidance will have on our financial position and statement of operations.

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Line of Credit (Notes)

6 Months Ended

Jun. 28, 2015

Debt Disclosure [Abstract]

Debt Disclosure [Text Block]

Line of Credit

On December 19, 2014, we entered into a senior secured credit agreement (the "Credit Agreement") with J.P. Morgan Securities LLC, JP Morgan Chase Bank, N.A. (“JPMCB”) and Wells Fargo Bank, National Association (together with JPMCB, the “Lenders”).

The Credit Agreement consists of a senior secured revolving credit facility in an initial aggregate principal amount of $100.0 million (the “Facility”). In addition, the company is entitled to request, subject to certain terms and conditions and the agreement of the Lenders, an increase in the aggregate revolving commitments under the Facility or to obtain incremental term loans in an aggregate amount not to exceed $50.0 million, which currently is uncommitted to by any lenders. We intend to use the proceeds of the Facility to finance the working capital needs, and for the general corporate purposes of the company and its subsidiaries.

The Credit Agreement expires on December 19, 2019 and borrowings under the Facility accrue interest at (i) a London interbank offered rate plus a margin of between 0.75 percent and 1.25 percent based on the total leverage ratio of Superior and its subsidiaries on a consolidated basis, (ii) a rate based on JPMCB’s prime rate plus a margin of between 0.00 percent and 0.25 percent based on the total leverage ratio of company and its subsidiaries on a consolidated basis or (iii) a combination thereof. Commitment fees are 0.2 percent on the unused portion of the facility. The commitment fees are included as interest expense in our consolidated financial statements.

Generally, all amounts under the Facility are guaranteed by certain of the U.S. subsidiaries of the company and are secured by a first priority security interest in and lien on the personal property of the company and the U.S. guarantors (as defined in the Credit Agreement) and a pledge of and first perfected security interest in the equity interests of the company’s existing and future U.S. subsidiaries and 65 percent of the equity interests in certain non-U.S. direct material subsidiaries of the company and the U.S. guarantors under the Facility.

The Credit Agreement contains certain customary restrictive covenants, including, among others, financial covenants requiring the maintenance of a maximum total leverage ratio and a minimum fixed charge coverage ratio, and also includes, without limitation, covenants, in each case with certain exceptions and allowances, limiting the ability of company and its subsidiaries to incur indebtedness, grant liens, make investments, dispose of assets, make certain restrictive payments, make optional payments and modifications of subordinated debt instruments, enter into certain transactions with affiliates, enter into swap agreements, make capital expenditures or make changes to its lines of business. At June 28, 2015, we were in compliance with all covenants contained in the Credit Agreement. At June 28, 2015, we had no borrowings under this facility.

The Credit Agreement contains customary default provisions, representations and warranties and restrictive covenants.  The Credit Agreement also contains a provision permitting the lenders to accelerate the repayment of all loans outstanding under the Facility during an event of default.

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Property, Plant and Equipment

6 Months Ended

Jun. 28, 2015

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

Property, Plant and Equipment

(Dollars in thousands)
	June 28, 2015			December 28, 2014
Land and buildings	$	78,660		$	91,209
Machinery and equipment	480,688			447,880
Leasehold improvements and others	5,353			6,865
Construction in progress	34,178			59,600
	598,879			605,554
Accumulated depreciation	(351,230		)	(350,519		)
Property, plant and equipment, net	$	247,649		$	255,035

Construction in progress includes $18.8 million and $47.8 million of costs related to our new wheel plant under construction in Mexico, at June 28, 2015 and December 28, 2014, respectively. Depreciation expense was $17.0 million and $14.4 million for the twenty-six weeks ended June 28, 2015 and June 29, 2014, respectively.

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Income Taxes

6 Months Ended

Jun. 28, 2015

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

Income Taxes

We account for income taxes using the asset and liability method. The asset and liability method requires the recognition of deferred tax assets and liabilities for expected future tax consequences of temporary differences that currently exist between the tax basis and financial reporting basis of our assets and liabilities. We calculate current and deferred tax provisions based on estimates and assumptions that could differ from actual results reflected on the income tax returns filed during the following years. Adjustments based on filed returns are recorded when identified in the subsequent years.

The effect on deferred taxes of a change in tax rates is recognized in income in the period that the tax rate change is enacted. In assessing the likelihood of realization of deferred tax assets, we consider whether it is more likely than not that some portion of the deferred tax assets will not be realized. A valuation allowance is provided for deferred income taxes when, in our judgment, based upon currently available information and other factors, it is more likely than not that all or a portion of such deferred income tax assets will not be realized. The determination of the need for a valuation allowance is based on an on-going evaluation of current information including, among other things, historical operating results, estimates of future earnings in different taxing jurisdictions and the expected timing of the reversals of temporary differences. We believe that the determination to record a valuation allowance to reduce a deferred income tax asset is a significant accounting estimate because it is based, among other things, on an estimate of future taxable income in the United States and certain other jurisdictions, which is susceptible to change and may or may not occur, and because the impact of adjusting a valuation allowance may be material. Our valuation allowances totaled $3.9 million as of December 28, 2014, and relates to state deferred tax assets for net operating loss and tax credit carryforwards that are not expected to be realized due to changes in tax law, and cessation of business in Kansas.

We record uncertain tax positions in accordance with U.S. GAAP on the basis of a two-step process whereby (1) we determine whether it is more likely than not that the tax positions will be sustained on the basis of the technical merits of the position and (2) for those tax positions that meet the more-likely-than-not recognition threshold, we recognize the largest amount of tax benefit that is more than 50 percent likely to be realized upon ultimate settlement with the related tax authority. If a position does not meet the more likely than not threshold for recognition in step one, no benefit is recorded until the first subsequent period in which the more likely than not standard is met, the issue is resolved with the taxing authority, or the statute of limitations expires. Positions previously recognized are derecognized when we subsequently determine the position no longer is more likely than not to be sustained. Evaluation of tax positions, their technical merits, and measurements using cumulative probability are highly subjective management estimates. Actual results could differ materially from these estimates.

Presently, we have not recorded a deferred tax liability for temporary differences related to investments in foreign subsidiaries that are essentially permanent in duration. These temporary differences may become taxable upon a repatriation of earnings from the subsidiaries or a sale or liquidation of the subsidiaries. At this time, the company does not have any plans to repatriate additional income from its foreign subsidiaries.

The provision for income taxes for the quarter ended June 28, 2015 was $4.2 million, which resulted in an effective income tax rate of 39 percent. For the six-month period ended June 28, 2015 the provision for income taxes was $3.4 million, which resulted in an effective income tax rate of 24 percent. The effective tax rate for the six-month period ended June 28, 2015 was lower than the statutory rate due to the release of certain liabilities related to uncertain tax positions as a result of the expiration of a statute of limitations, partially offset by non-deductible expenses, state income taxes (net of federal tax benefit) and interest and penalties on unrecognized tax benefits.

For the thirteen weeks ended June 29, 2014, the provision for income taxes was $3.6 million, which was an effective income tax rate of 42 percent. For the twenty-six weeks ended June 29, 2014 the provision for income taxes was $6.9 million, which was an effective tax rate of 41 percent. The effective tax rate was unfavorably affected by non-deductible expenses primarily resulting from recent tax law changes in Mexico, state income taxes (net of federal tax benefit) and interest and penalties on unrecognized tax benefits, partially offset by foreign income taxed at rates that are lower than the U. S. statutory rates.

We conduct business internationally and, as a result, one or more of our subsidiaries files income tax returns in U.S. federal, U.S. state and certain foreign jurisdictions.  Accordingly, in the normal course of business, we are subject to examination by taxing authorities throughout the world, including taxing authorities in Mexico, the Netherlands, India and the United States.  We are no longer open for examination by taxing authorities regarding any U.S. federal income tax returns for years before 2012 while the years open for examination under various state and local jurisdictions vary. We expect approximately $1.0 million of unrecognized tax benefits related to ourU.S. and Mexico operations will be recognized in the twelve month period ending March 27, 2016 due to the expiration of certain statutes of limitations or due to settlement of uncertain tax positions.

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Stock-Based Compensation

6 Months Ended

Jun. 28, 2015

Share-based Compensation [Abstract]

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

Stock-Based Compensation

2008 Equity Incentive Plan

Our 2008 Equity Incentive Plan (the "Plan") was amended and restated effective May 22, 2013 upon approval by our shareholders at our annual shareholders meeting. As amended, the plan authorizes us to issue up to 3.5 million shares of common stock, along with non-qualified stock options, stock appreciation rights, restricted stock and performance units to our officers, key employees, non-employee directors and consultants.  At June 28, 2015, there were 1.7 million shares available for future grants under this plan. No more than 600,000 shares may be used under the plan as “full value” awards, which include restricted stock and performance units.  It is our policy to issue shares from authorized but not issued shares upon the exercise of stock options.  Options are granted at not less than fair market value on the date of grant and expire no later than ten years after the date of grant.  Options and restricted shares granted under the plan generally require no less than a three year ratable vesting period.

During the first half of 2015no stock options were granted, 375,178 stock options were exercised and 949,919 options were canceled.

During the second quarter of 2015 we granted 23,814 restricted shares to our Board of Directors vesting May 5, 2016. During the first quarter of 2015, the company implemented a long term incentive program for the benefit of certain members of company management. The program was designed to strengthen employee retention and to provide a more structured incentive program to stimulate improvement in future company results. Per the terms of the program, participants were granted time value restricted stock units (“RSUs”), vesting ratably over a three year time period, and performance restricted stock units (“PSUs”), with a three year cliff vesting. Upon vesting, each restricted stock unit is exchangeable for one share of the company’s common stock, with accrued dividends. The PSUs are categorized further into three individual categories whose vesting is contingent upon the achievement of certain targets as follows:

•40% of the PSUs vest upon certain Return on Capital targets

•40% of the PSUs vest upon certain EBITDA margin targets

•20% of the PSUs vest upon certain market based Shareholder Return targets

In the aggregate the company granted a total of 192,631 restricted stock units in 2015, comprising:

•54,195 time value based RSUs with a grant date fair value of $18.78 per unit

•110,750 PSUs with a grant date fair value of $18.78 per unit

•27,686 market based PSUs with a grant date fair value of $24.81 per unit.

During the second quarter of 2014, we granted 35,081 restricted shares in connection with Mr. Steven J. Borick's, our former company President and Chief Executive Officer's, separation agreement (see Note 17 - Commitments and Contingencies). These shares fully vested on the grant date (March 31, 2014) and the cost was recognized from the date of the separation agreement (October 14, 2013) through March 31, 2014, the separation date. The shares issued also were net of an amount equal to required tax withholdings. The cash equivalent of the withheld shares was remitted by the company to the tax authorities. Restricted share awards, which are generally subject to forfeiture if employment terminates prior to the shares vesting, are expensed ratably over the vesting period. Shares of restricted stock granted under the Plan are considered issued and outstanding at the date of grant and have the same dividend and voting rights as other common stock. Dividends paid on the restricted shares granted under the Plan are non-forfeitable if the restricted shares do not ultimately vest.

Other Awards

During the second quarter of 2014 we granted 132,455 restricted shares, including 50,000 shares vesting April 30, 2017, and 82,455 shares vesting on December 31, 2016. The fair value of each of these restricted shares was $19.44. These grants were made outside of the Plan as inducement grants in connection with the appointment of our new CEO and company President (see Note 17 - Commitments and Contingencies).

Stock-based compensation expense related to our unvested stock options and restricted share awards was allocated as follows:

(Dollars in thousands)	Thirteen Weeks Ended						Twenty-six Weeks Ended
	June 28, 2015			June 29, 2014			June 28, 2015			June 29, 2014
Cost of sales	$	102		$	31		$	194		$	80
Selling, general and administrative expenses	656			659			1,122			1,229
Stock-based compensation expense before income taxes	758			690			1,316			1,309
Income tax benefit	(284		)	(205		)	(494		)	(388		)
Total stock-based compensation expense after income taxes	$	474		$	485		$	822		$	921

As of June 28, 2015, a total of $4.8 million of unrecognized compensation cost related to non-vested awards is expected to be recognized over a weighted average period of approximately 2.2 years.  There were no significant capitalized stock-based compensation costs at June 28, 2015 and December 28, 2014.

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Retirement Plans (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014
Defined Benefit Plan Disclosure [Line Items]
Benefits paid			$ 800
Defined Benefit Plan, Estimated Future Employer Contributions in Current Fiscal Year			2,300
Service cost	$ 11	$ 304	22	$ 325
Interest cost	307	293	615	586
Net amortization	134	29	267	59
Net periodic pension cost	$ 452	$ 626	$ 904	$ 970

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Restructuring (Notes)

6 Months Ended

Jun. 28, 2015

Restructuring [Abstract]

Restructuring and Related Activities Disclosure [Text Block]

Restructuring

During the second half of 2014, we completed a review of initiatives to reduce costs and enhance our competitive position. Based on this review, we committed to a plan to close operations at our Rogers, Arkansas manufacturing facility. During the fourth quarter of 2014 we shifted production to our other locations and closed operations at the Rogers facility. The closure resulted in a workforce reduction of approximately 500 employees. Additional restructuring actions taken in 2014 included a reduction in our Mexico workforce and the sale of one of the company’s aircraft. In 2015, the company continued its efforts to reduce costs by further reducing our labor costs in the U.S., completing the final sale of our remaining aircraft and selling an idle warehousing facility in Memphis, Tennessee. The results for the first half of 2015 reflect $3.4 million of additional costs charged to gross profit due to the closure of our Rogers facility, charges totaling $0.2 million in SG&A for the write-down of the carrying value of the aircraft we sold in February 2015 and a $0.5 million gain on the sale of the idle warehousing facility located in Memphis, Tennessee.Additional expenses related to the Rogers facility fixed assets and other closing costs are expected to continue throughout 2015.

The total cost expected to be incurred as a result of the Rogers facility closure is $14.0 million, of which $5.9 million is expected to be paid in cash. As of June 28, 2015, estimated remaining cash payments total $1.1 million.

The following table summarizes the Rogers, Arkansas plant closure costs and classification in the condensed consolidated statements of operations as of June 28, 2015:

(Dollars in thousands)	Costs Incurred Through December 28, 2014		Costs Incurred During the Twenty-six Week Period Ended June 28, 2015		Costs Remaining		Total Expected Costs		Classification
Depreciation of assets to be abandoned and depreciation on idled assets	$	5,365	$	950	$	1,224	$	7,539	Cost of sales, Restructuring costs
One-time severance costs	1,897		181		—		2,078		Cost of sales, Restructuring costs
Equipment removal, inventory write-down, lease termination and other costs	1,167		2,307		956		4,430		Cost of sales, Restructuring costs
	$	8,429	$	3,438	$	2,180	$	14,047

Changes in the accrued expenses related to restructuring liabilities during the twenty-six weeks ended June 28, 2015 are summarized as follows:

(Dollars in thousands)
Balance December 28, 2014	$	215
Restructuring accruals	2,180
Cash payments	(2,231		)
Balance June 28, 2015	$	164

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Investment in Unconsolidated Affiliate

6 Months Ended

Jun. 28, 2015

Investments in and Advances to Affiliates, Schedule of Investments [Abstract]

Equity Method Investments and Joint Ventures Disclosure [Text Block]

Investment in Unconsolidated Affiliate

On June 28, 2010, we executed a share subscription agreement with Synergies, a private aluminum wheel manufacturer based in Visakhapatnam, India, providing for our acquisition of a minority interest in Synergies. As of June 28, 2015, the total cash investment in Synergies amounted to $4.5 million, representing 12.6% of the outstanding equity shares of Synergies. Our Synergies investment is accounted for using the cost method. During 2011, a group of existing equity holders, including the company, made a loan of $1.5 million to Synergies for working capital needs. The company's share of this unsecured advance was $0.5 million. The remaining principal balance of the unsecured advance was paid in full during the first quarter of 2015.

In October 2014, a typhoon caused significant damage to the facilities and operations of Synergies, and in the fourth quarter of 2014 we tested the $4.5 million carrying value of our investment for impairment. Based on our evaluation, we determined there was an other-than-temporary impairment and wrote the investment down to its estimated fair value of $2.0 million, with the $2.5 million loss recognized in income for the year ended December 28, 2014. The valuation was based on an income approach using current financial forecast data, and rates and assumptions market participants would use in pricing the investment.

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Business Segments

6 Months Ended

Jun. 28, 2015

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

Business Segments

Our Chief Executive Officer is our chief operating decision maker ("CODM").  Our CODM evaluates both consolidated and disaggregated financial information at each manufacturing facility in deciding how to allocate resources and assess performance.  Each manufacturing facility functions as a separate cost center, manufactures the same products, ships product to the same group of customers, and utilizes the same cast manufacturing process and, as a result, production can be transferred among our facilities.  Accordingly, we operate as a single integrated business and, as such, have only one operating segment - original equipment aluminum automotive wheels.  Net sales and net property, plant and equipment by geographic area are summarized below.

(Dollars in thousands)	Thirteen Weeks Ended				Twenty-six Weeks Ended
Net sales:	June 28, 2015		June 29, 2014		June 28, 2015		June 29, 2014
U.S.	41,708		73,583		85,327		$	138,068
Mexico	142,232		125,383		272,342		244,288
Consolidated net sales	$	183,940	$	198,966	$	357,669	$	382,356
Property, plant and equipment, net:					June 28, 2015		December 28, 2014
U.S.					$	48,118	$	55,120
Mexico					199,531		199,915
Consolidated property, plant and equipment, net					$	247,649	$	255,035

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restricted cash and investments (Details) - USD ($) $ in Millions	Jun. 28, 2015	Dec. 28, 2014
restricted Cash and Cash Equivalents and investments [Abstract]
Restricted Cash and Investments, Current	$ 1.2	$ 3.8

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Risk Management (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014
Risks and Uncertainties [Abstract]
Foreign currency exchange rate, Mexican peso to U.S. dollar, percentage change in period	6.00%
Foreign Currency Transaction Gain (Loss), before Tax	$ 0.5	$ 0.0
Unrecorded Unconditional Purchase Obligation	0.5
MEXICO
Concentration Risk [Line Items]
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax	$ 76.5

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Business Segments (Tables)

6 Months Ended

Jun. 28, 2015

Segment Reporting [Abstract]

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]

Net sales and net property, plant and equipment by geographic area are summarized below.

(Dollars in thousands)	Thirteen Weeks Ended				Twenty-six Weeks Ended
Net sales:	June 28, 2015		June 29, 2014		June 28, 2015		June 29, 2014
U.S.	41,708		73,583		85,327		$	138,068
Mexico	142,232		125,383		272,342		244,288
Consolidated net sales	$	183,940	$	198,966	$	357,669	$	382,356
Property, plant and equipment, net:					June 28, 2015		December 28, 2014
U.S.					$	48,118	$	55,120
Mexico					199,531		199,915
Consolidated property, plant and equipment, net					$	247,649	$	255,035

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Pre-Production Costs Related to Long-Term Supply Arrangements (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014	Dec. 28, 2014
Unamortized Preproduction Costs [Abstract]
Preproduction costs	$ 69,683		$ 69,683		$ 65,621
Accumulated amortization	(56,284)		(56,284)		(53,408)
Net preproduction costs	13,399		13,399		12,213
Deferred Revenue [Abstract]
Accrued expenses	3,865		3,865		4,833
Other non-current liabilities	1,954		1,954		2,449
Total deferred tooling revenues	5,819		5,819		$ 7,282
Deferred Revenue, Revenue Recognized	$ 1,500	$ 2,100	$ 3,200	$ 4,100

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Accounts Receivable

6 Months Ended

Jun. 28, 2015

Receivables [Abstract]

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

Accounts Receivable

(Dollars in thousands)
	June 28, 2015			December 28, 2014
Trade receivables	$	93,950		$	96,177
Other receivables	9,563			6,830
	103,513			103,007
Allowance for doubtful accounts	(1,071		)	(514		)
Accounts receivable, net	$	102,442		$	102,493

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Commitments and Contingencies

6 Months Ended

Jun. 28, 2015

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure [Text Block]

Commitments and Contingencies

Steven J. Borick Separation Agreement

On October 14, 2013, the company and Steven J. Borick entered into a Separation Agreement (the "Separation Agreement"), providing for Mr. Borick's separation from employment as the company's President and Chief Executive Officer. Mr. Borick’s separation was effective March 31, 2014. In accordance with the Separation Agreement, in addition to payment of his salary and accrued vacation through his separation date, the company paid or provided Mr. Borick with the following upon his separation:

• A lump-sum cash payment of $1,345,833,

• Mr. Borick’s 2013 annual incentive bonus,

• A grant of a number of shares of company common stock equal to the Black-Scholes value of an annual award of120,000stock options divided by the company's closing stock price on the separation date (See Note 18 - Stock-Based Compensation), and

• Vesting of all of Mr. Borick's unvested stock options and unvested restricted stock.

During 2014, the company recognized $1.1 million of compensation expense in connection with the Separation Agreement.

Donald J. Stebbins, Executive Employment Agreement

On April 30, 2014, we entered into an Executive Employment Agreement (the “Employment Agreement”) with Donald J. Stebbins in connection with his appointment as President and Chief Executive Officer of the company. The Employment Agreement became effective May 5, 2014 and is for a 3 year term that expires on April 30, 2017, with additional one-year automatic renewals unless either Mr. Stebbins or the company provides advance notice of nonrenewal of the Employment Agreement. The Employment Agreement provides for an annual base salary of $900,000. Mr. Stebbins may receive annual bonuses based on attainment of performance goals, determined by the company’s independent compensation committee, in the amount of 80 percent of annual base salary at threshold level performance, 100 percent of annual base salary at target level performance, and up to 200 percent of annual base salary for performance substantially above target level.

Mr. Stebbins received inducement grants of restricted stock for 50,000 shares vesting April 30, 2017, and an additional number of shares of 82,455 determined by dividing $1,602,920 by the per share value of the company’s common stock on May 5, 2014, with the additional shares vesting on December 31, 2016. Beginning in 2015, Mr. Stebbins will be granted restricted stock unit awards each year under Superior's 2008 Equity Incentive Plan, or any successor equity plan. Under the Employment Agreement, Mr. Stebbins is to be granted time-vested restricted stock units each year, cliff vesting at the third fiscal year end following grant, for a number of shares equal to 66.7 percent of his annual base salary divided by the per share value of Superior’s common stock on the date of grant. In addition, Mr. Stebbins is to be granted performance-vested restricted stock units each year, vesting based on company performance goals established by the independent compensation committee during the three fiscal years following grant, for a maximum number of shares equal to 200 percent of his annual base salary divided by the per share value of Superior’s common stock on the date of grant. In general, the equity awards vest only if Mr. Stebbins continues in employment with the company through the vesting date or end of the performance period.

The Employment Agreement also contains provisions for severance benefits including lump sum payments calculated based on Mr. Stebbins' base salary and bonus, as well as health care continuation, if he is terminated without “cause” or resigns for “good reason." In addition, if Mr. Stebbins is terminated without “cause” or resigns for “good reason” within one year following a change in control of the company, the severance benefits are increased 100 percent.

Stock Repurchase Program

As discussed in Note19 - Common Stock Repurchase Programs, in October 2014, our Board of Directors approved a new stock repurchase program authorizing the repurchase of up to $30.0 million of our common stock. As of December 31, 2014, additional shares of our common stock with a total cost of $30.0 million may be repurchased under the new stock repurchase program.

Derivatives and Purchase Commitments

In order to hedge exposure related to fluctuations in foreign currency rates and the cost of certain commodities used in the manufacture of our products, we periodically may purchase derivative financial instruments such as forward contracts, options or collars to offset or mitigate the impact of such fluctuations. Programs to hedge currency rate exposure may address ongoing transactions including, foreign-currency-denominated receivables and payables, as well as, specific transactions related to purchase obligations. Programs to hedge exposure to commodity cost fluctuations would be based on underlying physical consumption of such commodities.

Historically, we have not actively engaged in substantial exchange rate hedging activities and, prior to 2014, we had not entered into any significant foreign exchange contracts. However, as a result of customer requirements, a significant shift is occurring in the currency denominated in our contracts with our customers. As a result of this change, we currently project that in 2015 and beyond the vast majority of our revenues will be denominated in the U.S. dollar, rather than a more balanced mix of U.S. dollar and Mexican peso. In the past we have relied upon significant revenues denominated in the Mexican peso to provide a "natural hedge" against foreign exchange rate changes impacting our peso denominated costs incurred at our facilities in Mexico. Accordingly, the foreign exchange exposure associated with peso denominated costs is a growing risk factor that could have a material adverse effect on our operating results.

In accordance with our corporate risk management policies, we may enter into foreign currency forward and option contracts with financial institutions to protect against foreign exchange risks associated with certain existing assets and liabilities, certain firmly committed transactions and forecasted future cash flows. We have implemented a program to hedge a portion of our material foreign exchange exposures, typically for up to 24 months. We do not use derivative contracts for trading, market-making, or speculative purposes. For additional information on our derivatives, see Note 5 - Derivative Financial Instruments.

When market conditions warrant, we may also enter into purchase commitments to secure the supply of certain commodities used in the manufacture of our products, such as aluminum, natural gas and other raw materials. We currently have several purchase commitments in place for the delivery of natural gas through 2015. These natural gas contracts are considered to be derivatives under U.S. GAAP, and when entering into these contracts, it was expected that we would take full delivery of the contracted quantities of natural gas over the normal course of business. Accordingly, at inception, these contracts qualified for the normal purchase, normal sale ("NPNS") exemption provided for under U.S. GAAP. As such, we do not account for these purchase commitments as derivatives unless there is a change in facts or circumstances in regard to the company's intent or ability to use the contracted quantities of natural gas over the normal course of business. Based on the quarterly analysis of our estimated future production levels, we believe that our remaining natural gas purchase commitments that were in effect as of June 28, 2015 will continue to qualify for the NPNS exemption since we can assert that it is probable we will take full delivery of the contracted quantities.

Other

We are party to various legal and environmental proceedings incidental to our business.  Certain claims, suits and complaints arising in the ordinary course of business have been filed or are pending against us.  Based on facts now known, we believe all such matters are adequately provided for, covered by insurance, are without merit and/or involve such amounts that would not materially adversely affect our consolidated results of operations, cash flows or financial position.  For additional information concerning contingencies, risks and uncertainties, see Note 20 – Risk Management.

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Stock-Based Compensation Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014	Jun. 28, 2015	Jun. 29, 2014
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Allocated Share-based Compensation Expense	$ 758	$ 690	$ 1,316	$ 1,309
Income tax benefit	284	205	494	388
Total stock-based compensation expense after income taxes	474	485	822	921
Cost of Sales [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Allocated Share-based Compensation Expense	102	31	194	80
Selling, General and Administrative Expenses [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Allocated Share-based Compensation Expense	$ 656	$ 659	$ 1,122	$ 1,229

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Nature of Operations (Details)	6 Months Ended
	Jun. 28, 2015	Jun. 29, 2014
Sales Revenue, Goods, Net [Member] | Customer Concentration Risk [Member] | Ford, GM, Toyota, Chrysler Companies [Member]
Concentration Risk [Line Items]
Percentage of total revenue	83.00%	90.00%

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Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 28, 2015	Dec. 28, 2014
Common stock, par value	$ 0.00	$ 0.00
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	26,727,997	26,730,247
Common stock, shares outstanding	26,727,997	26,730,247
Preferred stock, par value	$ 0.00	$ 0.00
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0

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Fair Value Measurements (Notes)

6 Months Ended

Jun. 28, 2015

Fair Value Disclosures [Abstract]

Fair Value Disclosures [Text Block]

Fair Value Measurements

The company applies fair value accounting for all financial assets and liabilities and non-financial assets and liabilities that are recognized or disclosed at fair value in the financial statements on a recurring basis, while other assets and liabilities are measured at fair value on a nonrecurring basis, such as when we have an asset impairment. Fair value is estimated by applying the following hierarchy, which prioritizes the inputs used to measure fair value into three levels and bases the categorization within the hierarchy upon the lowest level of input that is available and significant to the fair value measurement:

Level 1 – Quoted prices in active markets for identical assets or liabilities.

Level 2 – Observable inputs other than quoted prices in active markets for identical assets and liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

Level 3 – Inputs that are generally unobservable and typically reflect management’s estimate of assumptions that market participants would use in pricing the asset or liability.

The carrying amounts for cash and cash equivalents, investments in certificates of deposit, accounts receivable, accounts payable and accrued expenses approximate their fair values due to the short period of time until maturity.

Cash and Cash Equivalents

Included in Cash and cash equivalents are highly liquid investments that are readily convertible to known amounts of cash, and which are subject to an insignificant risk of change in value due to interest rate, quoted price, or penalty on withdrawal. A debt security is classified as a cash equivalent if it meets these criteria and if it has a remaining time to maturity of three months or less from the date of acquisition. Amounts on deposit and available upon demand, or negotiated to provide for daily liquidity without penalty, are classified as Cash and cash equivalents. Time deposits, certificates of deposit, and money market accounts that meet the above criteria are reported at par value on our balance sheet and are excluded from the table below.

Derivative Financial Instruments

Our derivatives are over-the-counter customized derivative transactions and are not exchange traded. We estimate the fair value of these instruments using industry-standard valuation models such as a discounted cash flow. These models project future cash flows and discount the future amounts to a present value using market-based expectations for interest rates, foreign exchange rates, commodity prices, and the contractual terms of the derivative instruments. The discount rate used is the relevant interbank deposit rate (e.g., LIBOR) plus an adjustment for non-performance risk. In certain cases, market data may not be available and we may use broker quotes and models (e.g., Black-Scholes) to determine fair value. This includes situations where there is lack of liquidity for a particular currency or commodity or when the instrument is longer dated.

Investment in Unconsolidated Affiliate

In October 2014, a typhoon caused significant damage to the facilities and operations of Synergies Castings Limited ("Synergies"), a private aluminum wheel manufacturer based in Visakhapatnam, India, a company in which we hold an investment carried on the cost method of accounting (see Note 11 - Investment in Unconsolidated Affiliate). In the fourth quarter of 2014 we tested the $4.5 million carrying value of our investment in Synergies for impairment. Based on our evaluation, we determined there was an other-than-temporary impairment and wrote the investment down to its estimated fair value of $2.0 million, with the $2.5 million loss recognized in income. The valuation was based on an income approach using current financial forecast data and rates and assumptions market participants would use in pricing the investment using level 3 inputs.

The following table categorizes items measured at fair value, on a recurring basis, at June 28, 2015:

			Fair Value Measurement at Reporting Date Using
			Quoted Prices		Significant Other		Significant
			in Active Markets		Observable		Unobservable
			for Identical Assets		Inputs		Inputs
June 28, 2015			(Level 1)		(Level 2)		(Level 3)
(Dollars in thousands)
Assets
Certificates of deposit	$	1,150	$	—	$	1,150	$	—
Total	$	1,150	$	—	$	1,150	$	—
Liabilities
Derivative contracts	$	9,238	$	—	$	9,238	$	—
Total	$	9,238	$	—	$	9,238	$	—

The following table categorizes items measured at fair value, on a recurring and unrecurring basis at December 28, 2014:

			Fair Value Measurement at Reporting Date Using
			Quoted Prices		Significant Other		Significant
			in Active Markets		Observable		Unobservable
			for Identical Assets		Inputs		Inputs
December 28, 2014			(Level 1)		(Level 2)		(Level 3)
(Dollars in thousands)
Assets
Certificates of deposit	$	3,750	$	—	$	3,750	$	—
Investment in unconsolidated affiliate	2,000		—		—		2,000
Total	$	5,750	$	—	$	3,750	$	2,000
Liabilities
Derivative contracts	$	7,552	$	—	$	7,552	$	—
Total	$	7,552	$	—	$	7,552	$	—

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Inventories (Details) - USD ($) $ in Thousands	Jun. 28, 2015	Dec. 28, 2014
Inventory Disclosure [Abstract]
Raw materials	$ 16,701	$ 19,427
Work in process	29,607	30,797
Finished goods	23,104	24,453
Inventories	69,412	74,677
Inventory, noncurrent	6,500	$ 6,400
Supplies inventory	$ 8,800

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Risk Management

6 Months Ended

Jun. 28, 2015

Risks and Uncertainties [Abstract]

Concentration Risk Disclosure [Text Block]

Risk Management

We are subject to various risks and uncertainties in the ordinary course of business due, in part, to the competitive global nature of the industry in which we operate, changing commodity prices for the materials used in the manufacture of our products and the development of new products.

The functional currency of certain foreign operations in Mexico is the Mexican peso.  The settlement of accounts receivable and accounts payable for our operations in Mexico requires the transfer of funds denominated in the Mexican peso, the value of which decreased 6 percent in relation to the U.S. dollar in the first half of 2015.  Foreign currency transaction losses totaled $0.5 million in the first half of 2015 and were immaterial during the first half of 2014. All transaction gains and losses are included in other income (expense) in the condensed consolidated statements of operations.

As it relates to foreign currency translation gains and losses, however, since 1990, the Mexican peso has experienced periods of relative stability followed by periods of major declines in value. The impact of these changes in value relative to our Mexico operations resulted in a cumulative unrealized translation loss at June 28, 2015 of $76.5 million. Translation gains and losses are included in other comprehensive income in the condensed consolidated statements of comprehensive income (loss).

When market conditions warrant, we may also enter into purchase commitments to secure the supply of certain commodities used in the manufacture of our products, such as aluminum, natural gas and other raw materials. At June 28, 2015 we have several purchase commitments in place for the delivery of natural gas in 2014 through 2015 for a total remaining cost of $0.5 million. These natural gas contracts are considered to be derivatives under U.S. GAAP, and when entering into these contracts, we expected to take full delivery of the contracted quantities of natural gas over the normal course of business. Accordingly, at inception, these contracts qualified for the NPNS exemption provided for under U.S. GAAP. As such, we do not account for these purchase commitments as derivatives unless there is a change in facts or circumstances in regard to the company's intent or ability to use the contracted quantities of natural gas over the normal course of business. Based on the quarterly analysis of our estimated future production levels, we believe that our remaining natural gas purchase commitments in effect as of June 28, 2015 will continue to qualify for the NPNS exemption since we can assert that it is probable we will take full delivery of the contracted quantities.

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Label	Element	Value
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax	us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax	$ (810)
Stockholders' Equity Attributable to Parent	us-gaap_StockholdersEquity	$ (4,765)

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Inventories (Tables)

6 Months Ended

Jun. 28, 2015

Inventory Disclosure [Abstract]

Schedule of Inventory, Current [Table Text Block]

Inventories

(Dollars in thousands)
	June 28, 2015		December 28, 2014
Raw materials	$	16,701	$	19,427
Work in process	29,607		30,797
Finished goods	23,104		24,453
Inventories	$	69,412	$	74,677

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Short-Term Investments

6 Months Ended

Jun. 28, 2015

Short-term Investments [Abstract]

Cash, Cash Equivalents, and Short-term Investments [Text Block]

Short-Term Investments

The company's short-term investments include certificates of deposit and fixed deposits whose original maturity is greater than three months and is one year or less. Certificates of deposit and fixed deposits whose original maturity is three months or less are classified as cash equivalents and certificates of deposit and fixed deposits whose maturity is greater than one year at the balance sheet date are classified as non-current assets in our condensed consolidated balance sheet. The purchase of any certificate of deposit or fixed deposit that is classified as a short-term investment or non-current asset appears in the investing section of our condensed consolidated statement of cash flows.

Restricted Deposits

We purchase certificates of deposit with maturity dates that expire within twelve months that are used to directly secure or collateralize letters of credit securing our workers’ compensation obligations.  At June 28, 2015 and December 28, 2014, certificates of deposit totaling $1.2 million were restricted in use and were classified as short-term investments on our condensed consolidated balance sheets.