sgc20190630_10q.htm

Long-term Debt [Text Block]

NOTE

- Long-Term Debt:

	June 30,		December 31,
(In thousands)	2019		2018

Note payable to BB&T, pursuant to revolving credit agreement, maturing May 2023	$	34,035	$	1,193
Term loan payable to BB&T maturing January 2026		61,131		-
Term loan payable to BB&T maturing February 2024		28,500		31,500
Term loan payable to BB&T maturing May 2020		-		85,000
	$	123,666	$	117,693
Less:
Payments due within one year included in current liabilities		15,286		6,000

Debt issuance costs		345		171
Long-term debt less current maturities	$	108,035	$	111,522

Effective on

February 28, 2017,

the Company entered into a

-year credit agreement with BB&T (the “Credit Agreement”) that provided a revolving credit facility of

$35

million which was to terminate on

February 25, 2022,

and provided a term loan of

$42

million, which matures on

February 26, 2024.

Both loans were based upon the

one

-month LIBOR rate for U.S. dollar based borrowings. Interest was payable for each loan at LIBOR (rounded up to the next

1/100

) plus

0.75%.

The Company pays a commitment fee of

0.10%

per annum on the average unused portion of the commitment under the credit facility.

Effective on

May 2, 2018,

and concurrently with the closing of the CID Resources acquisition, the Company entered into an Amended and Restated Credit Agreement (the “Amended and Restated Credit Agreement”), with BB&T pursuant to which the Company’s existing revolving credit facility was increased from

$35

million to

$75

million and which provided an additional term loan in the principal amount of

$85

million.

principal payments were due on the

$85

million term loan prior to its maturity. The term of the revolving credit facility was extended until

May 2023

and the

$85

million term loan was to mature in

May 2020.

The Company’s existing term loan with the original principal amount of

$42

million remains outstanding with a maturity date of

February 2024

and with the same amortization schedule. Contractual principal payments for the

$42

million term loan are as follows:

2019

through

2023

6.0

million per year; and

2024

$1.5

million.

Obligations outstanding under the revolving credit facility and the

$42

million term loan generally have a variable interest rate of

one

-month LIBOR plus

0.68%

(

3.08%

June 30, 2019).

The available balance under the revolving credit facility is reduced by outstanding letters of credit. As of

June 30, 2019,

there were

outstanding letters of credit. The term loans do

not

contain pre-payment penalties.

January 22, 2019,

the Company entered into a First Amendment to the Amended and Restated Credit Agreement pursuant to which the existing

$85

million term loan was restructured. The Company used

$20

million borrowed under its existing revolving credit facility to reduce the principal amount to

$65

million. The maturity date on the loan was extended to

January 22, 2026

and the interest rate was lowered to a variable interest rate of LIBOR plus

0.85%

(

3.25%

June 30, 2019).

Contractual principal payments for the

$65

million term loan are as follows:

2019

$8.5

million,

2020

through

2025

$9.3

million per year; and

2026

$0.8

million. The revolving credit facility,

$42

million term loan and

$65

million term loan are collectively referred to as the “Credit Facilities”.

The Amended and Restated Credit Agreement, as amended, contains customary events of default and negative covenants, including but

not

limited to those governing indebtedness, liens, fundamental changes, investments, restricted payments, and sales of assets. The Amended and Restated Credit Agreement, as amended, also requires the Company to maintain a fixed charge coverage ratio of at least

1.25:1

and a funded debt to EBITDA ratio

not

to exceed

4.0:1.

As of

June 30, 2019,

the Company was in compliance with these ratios. The Credit Facilities are secured by substantially all of the operating assets of the Company as collateral, and the Company’s obligations under the Credit Facilities are guaranteed by all of its domestic subsidiaries. The Company’s obligations under the Credit Facilities are subject to acceleration upon the occurrence of an event of default as defined in the Amended and Restated Credit Agreement, as amended.

Effective on

March 3, 2017,

in order to reduce the interest rate risk on its future debt, the Company entered into an interest rate swap agreement (“original swap”) with BB&T that was designed to effectively convert or hedge the variable interest rate on a portion of its future borrowings to achieve a net fixed rate of

3.12%

per annum, beginning

March 1, 2018

with a notional amount of

$18.0

million. The notional amount of the interest rate swap is reduced by

$0.3

million per month beginning

April 1, 2018

through

February 26, 2024.

Under the terms of the interest rate swap, the Company will receive variable interest rate payments and make fixed interest rate payments on an amount equal to the notional amount at that time. Changes in the fair value of the interest rate swap designated as the hedging instrument that effectively offset the variability of cash flows associated with the variable rate, long-term debt obligation were recorded in other comprehensive income, net of related income tax effects. On

May 2, 2018,

in conjunction with the Amended and Restated Credit Agreement, the original swap was modified (“amended swap”) to achieve a net fixed rate of

3.05%

per annum effective on

May 1, 2018

and the remaining notional amount was

$17.5

million. There were

other changes to the original swap. As a result of the change, the Company has discontinued hedge accounting for the original swap and has elected

not

to designate the amended swap. As of

May 2, 2018,

the fair value of the original swap was

$0.1

million and is being amortized as interest expense over the remaining life of the amended swap. Changes to the fair value of the amended swap are recorded as interest expense. As of

June 30, 2019,

the negative fair value of the amended swap was

$0.2

million and was included in other current liabilities.

XML 20 R10.htm IDEA: XBRL DOCUMENT

Note 3 - Periodic Pension Expense

6 Months Ended

Jun. 30, 2019

Pension and Other Postretirement Benefits Disclosure [Text Block]

OTE

– Periodic Pension Expense:

The following table details the net periodic pension expense under the Company's plans for the periods presented (in thousands):

	Three Months						Six Months
	Ended June 30,						Ended June 30,
	2019			2018			2019			2018
Service cost - benefits earned during the period	$	29		$	27		$	58		$	54
Interest cost on projected benefit obligation		271			243			542			485
Expected return on plan assets		(384	)		(430	)		(721	)		(859	)
Recognized actuarial loss		324			283			649			566
Settlement loss		336			-			336			-
Net periodic pension cost	$	576		$	123		$	864		$	246

Effective on

June 30, 2013,

the Company

longer accrues additional benefits for future service or for future increases in compensation levels for the Company’s primary defined benefit pension plan.

Effective on

December 31, 2014,

the Company

longer accrues additional benefits for future service for the Company’s hourly defined benefit plan.

There were

$0.1

million and

$0.1

million in contributions made to the Company’s defined benefit plans during the

three

months ended

June 30, 2019

and

2018,

respectively. There were

$0.1

million and

$0.1

million in contributions made to the Company’s defined benefit plans during the

six

months ended

June 30, 2019

and

2018,

respectively.

XML 21 R11.htm IDEA: XBRL DOCUMENT

Note 4 - Net Sales

6 Months Ended

Jun. 30, 2019

Revenue from Contract with Customer [Text Block]

NOTE

– Net Sales:

January

2018,

the Company adopted ASU

2014

Revenue from Contracts with Customers

and all subsequent amendments to the ASU (collectively “ASC

606”

) using the modified retrospective method to all contracts

not

completed as of

January 1, 2018.

The Company recorded a net increase to retained earnings of

$11.2

million as of

January 1, 2018

due to the cumulative impact of adopting ASC

606.

alternative use, revenue is recognized over time upon receipt of finished goods into inventory. Contract termination terms

may

involve variable consideration clauses such as discounts and rebates, and revenue has been adjusted accordingly for these provisions. Revenue for goods that do have an alternative use or that the customer is

not

obligated to purchase under the terms of a contract is generally recognized when the goods are transferred to the customer. The Company includes shipping and handling fees billable to customers in net sales. Shipping and handling activities that occur after the transfer of promised goods are accrued as control is transferred to the customer rather than being treated as a separate performance obligation. Revenue for our Remote Staffing segment is recognized as services are delivered. Revenue is measured as the amount of consideration we expect to receive in exchange for the goods or services. Sales taxes, sales discounts and customer rebates are also excluded from revenue. Refer to Note

for the disaggregation of revenues by operating segment.

Contract Assets

The following table provides information about accounts receivables - trade and contract assets from contracts with customers (in thousands):

	June 30,		December 31,
	2019		2018
Accounts receivable - trade	$	70,927	$	64,017
Current contract assets		43,674		49,236

Contract assets relate to goods produced without an alternative use for which the Company has an enforceable right to payment but which have

not

yet been invoiced to the customer.

XML 22 R12.htm IDEA: XBRL DOCUMENT

Note 5 - Contingencies	6 Months Ended
Note 5 - Contingencies	Jun. 30, 2019
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE 5 – Contingencies: The Company is involved in various legal actions and claims arising from the normal course of business. In the opinion of management, the ultimate outcome of these matters is not expected to have a material impact on the Company’s results of operations, cash flows, or financial position.

XML 23 R13.htm IDEA: XBRL DOCUMENT

Note 6 - Share-based Compensation

6 Months Ended

Jun. 30, 2019

Share-based Payment Arrangement [Text Block]

NOTE

– Share-Based Compensation

May 2013,

the stockholders of the Company approved the

2013

Incentive Stock and Awards Plan (the

“2013

Plan”), authorizing the granting of incentive stock options, non-qualified stock options, stock appreciation rights (“SARs”), restricted stock, performance shares and other stock based compensation. A total of

5,000,000

shares of common stock (subject to adjustment for expirations and cancellations of options outstanding from the previous plan) have been reserved for issuance under the

2013

Plan. All options and SARs have been or will be granted with exercise prices at least equal to the fair market value of the shares on the date of grant. At

June 30, 2019,

the Company had

3,307,485

shares of common stock available for grant of share-based compensation under the

2013

Plan.

	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
Stock options and SARs	$	105	$	121	$	178	$	944
Restricted stock		209		140		397		264
Performance shares		237		177		457		282
Total share-based compensation expense	$	551	$	438	$	1,032	$	1,490

Related income tax benefit	$	67	$	74	$	125	$	185

Stock options and SAR

All options and SARs vest immediately at the date of grant or after a

two

-year period. Awards generally expire

five

years after the date of grant with the exception of options granted to outside directors, which expire

ten

years after the date of grant. The Company issues new shares upon the exercise of stock options and SARs.

A summary of stock option transactions during the

six

months ended

June 30, 2019

follows:

						Weighted Average
	No. of			Weighted Average		Remaining Life		Aggregate
	Shares			Exercise Price		(in years)		Intrinsic Value
Outstanding, January 1, 2019		676,846		$	15.70		2.99	$	2,230
Granted(1)		142,009			17.68
Exercised		(75,144	)		6.70
Cancelled		(54,148	)		19.36
Outstanding, June 30, 2019		689,563		$	16.80		3.28	$	1,243
Options exercisable, June 30, 2019		517,593		$	16.42		2.75	$	1,239

(

)

The weighted average grant date fair value of stock options granted was

$3.97

per share.

As of

June 30, 2019,

the Company had

$0.6

million in unrecognized compensation related to nonvested stock options to be recognized over the remaining weighted average vesting period of

1.5

years.

A summary of stock-settled SARs transactions during the

six

months ended

June 30, 2019

follows:

						Weighted Average
	No. of			Weighted Average		Remaining Life		Aggregate
	Shares			Exercise Price		(in years)		Intrinsic Value
Outstanding, January 1, 2019		182,894		$	18.99		2.61	$	89
Granted(1)		42,841			17.77
Exercised		-			-
Cancelled		(16,162	)		20.01
Outstanding, June 30, 2019		209,573		$	18.66		2.57	$	40
Options exercisable, June 30, 2019		168,478		$	18.88		2.07	$	40

(

)

The weighted average grant date fair value of SARs granted was

$3.97

per share.

As of

June 30, 2019,

the Company had

$0.1

million in unrecognized compensation related to nonvested SARs to be recognized over the remaining weighted average vesting period of

1.6

years.

Restricted Stock

The Company has granted restricted stock to directors and certain employees under the terms of the

2013

Plan which vest at a specified future date, generally after

three

years, or when certain conditions are met. The shares are subject to accelerated vesting under certain circumstances as outlined in the

2013

Plan. Expense for each of these grants is based on the fair value at the date of the grant and is being recognized on a straight-line basis over the respective service period.

A summary of restricted stock transactions during the

six

months ended

June 30, 2019

follows:

			Weighted Average
	No. of		Grant Date
	Shares		Fair Value
Outstanding, January 1, 2019		92,032	$	19.46
Granted		48,829		17.41
Vested		-		-
Cancelled		-		-
Outstanding, June 30, 2019		140,861	$	18.75

As of

June 30, 2019,

the Company had

$1.5

million of unrecognized compensation cost related to nonvested grants expected to be recognized over the weighted average service period of

1.8

years.

Performance Shares

three

five

years. Expense for these grants is based on the fair value on the date of the grant and is being recognized on a straight-line basis over the respective service period. The performance-based shares generally vest after

five

years if the performance and service targets are met. The Company evaluates the performance conditions associated with these grants each reporting period to determine the expected number of shares to be issued. Based upon this evaluation, expected expenses for these grants are based on the fair value on the date of the grant and are being recognized on a straight-line basis over the respective service period. The awards are subject to accelerated vesting under certain circumstances as outlined in the

2013

Plan.

A summary of performance share transactions during the

six

months ended

June 30, 2019

follows:

				Weighted Average
	No. of			Grant Date
	Shares			Fair Value
Outstanding, January 1, 2019		194,378		$	20.08
Granted		14,068			17.77
Vested		-			-
Cancelled		(1,000	)		17.75
Outstanding, June 30, 2019		207,446		$	19.93

As of

June 30, 2019,

the Company had

$2.5

million of unrecognized compensation cost related to nonvested grants expected to be recognized over the weighted average service period of

2.3

years.

XML 24 R14.htm IDEA: XBRL DOCUMENT

Note 7 - Income Taxes

6 Months Ended

Jun. 30, 2019

Income Tax Disclosure [Text Block]

NOTE

–

Income Taxes:

The computation of the annual expected effective tax rate at each interim period requires certain estimates and assumptions including, but

not

limited to, the expected operating income for the year and permanent and temporary differences. The accounting estimates used to compute the provision for income taxes

may

change as new events occur, more experience is acquired, additional information is obtained or the tax environment changes. To the extent that the estimated annual effective tax rate changes during a quarter, the effect of the change on prior quarters is included in tax expense for the current quarter.

For the

three

months ended

June 30, 2019,

the Company recorded a provision for income taxes of

$0.9

million, which represents an effective tax rate of

23.8%.

For the

three

months ended

June 30, 2018,

the Company recorded a provision for income taxes of

$1.3

million, which represents an effective tax rate of

25.1%.

For the

six

months ended

June 30, 2019,

the Company recorded a provision for income taxes of

$1.5

million, which represents an effective tax rate of

22.2%.

For the

six

months ended

June 30, 2018,

the Company recorded a provision for income taxes of

$2.2

million, which represents an effective tax rate of

25.5%.

The decrease in the effective tax rates is primarily due to the expected

2.0%

decrease in the Global Intangible Low Tax Income (“GILTI”) tax during the

three

and

six

months ended

June 30, 2019,

and a reduction in non-deductible acquisition expense of

2.8%

and

1.7%

during the

three

and

six

months ended

June 30, 2018,

respectively.

The difference between the total statutory Federal income tax rate and the actual effective income tax rate is accounted for as follows:

	Three Months Ended June 30,						Six Months Ended June 30,
	2019			2018			2019			2018
Statutory Federal income tax rate		21.0	%		21.0	%		21.0	%		21.0	%
State and local income taxes, net of Federal income tax benefit		4.3	%		4.9	%		3.7	%		4.4	%
Current year untaxed foreign income		(6.9	%)		(9.1	%)		(7.2	%)		(8.1	%)
Foreign taxes		3.8	%		1.9	%		3.2	%		3.0	%
GILTI tax		1.6	%		4.2	%		1.7	%		3.7	%
Compensation related		-			1.6	%		0.1	%		1.3	%
Non-deductible acquisition expense		-			2.8	%		-			1.7	%
Federal tax credits		-			-			(0.5	%)		(0.6	%)
Other		-			(2.2	%)		0.2	%		(0.9	%)
Effective income tax rate		23.8	%		25.1	%		22.2	%		25.5	%

XML 25 R15.htm IDEA: XBRL DOCUMENT

Note 8 - Net Income Per Share

6 Months Ended

Jun. 30, 2019

Earnings Per Share [Text Block]

NOTE

–

Net Income

Per Share:

The following table presents a reconciliation of basic and diluted net income per share for the

three

and

six

months ended

June 30, 2019

and

2018:

	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
Net income used in the computation of basic and diluted net income per share (in thousands)	$	2,781	$	3,817	$	5,157	$	6,267

Weighted average shares outstanding - basic		14,952,802		14,956,221		14,940,072		14,888,940
Common stock equivalents		334,555		603,183		334,934		619,577
Weighted average shares outstanding - diluted		15,287,357		15,559,404		15,275,006		15,508,517
Per Share Data:
Basic
Net income	$	0.19	$	0.26	$	0.35	$	0.42
Diluted
Net income	$	0.18	$	0.25	$	0.34	$	0.40

Awards to purchase approximately

316,095

shares of common stock with a weighted average exercise price of

$20.95

per share were outstanding during the

three

months ended

June 30, 2019,

but were

not

included in the computation of diluted EPS because the awards’ exercise prices were greater than the average market price of the common shares.

There were

awards to purchase shares of common stock outstanding during the

three

months ended

June 30, 2018

excluded from the computation of diluted EPS because the award’s exercise prices were greater than the average market price of the common shares.

Awards to purchase approximately

329,095

shares of common stock with a weighted average exercise price of

$20.97

per share were outstanding during the

six

months ended

June 30, 2019,

but were

not

included in the computation of diluted EPS because the awards’ exercise prices were greater than the average market price of the common shares.

There were

awards to purchase shares of common stock outstanding during the

six

months ended

June 30, 2018

excluded from the computation of diluted EPS because the award’s exercise prices were greater than the average market price of the common shares.

XML 26 R16.htm IDEA: XBRL DOCUMENT

Note 9 - Operating Segment Information

6 Months Ended

Jun. 30, 2019

Segment Reporting Disclosure [Text Block]

OTE

–

Operating Segment Information

The Company classifies its businesses into

three

operating segments based on the types of products and services provided. The Uniforms and Related Products segment consists of the sale of uniforms and related items. The Remote Staffing Solutions segment consists of sales of staffing solutions. The Promotional Products segment consists of sales to customers of promotional products and other branded merchandise.

(In thousands)
As of and For the Three Months Ended June 30, 2019	Uniforms and Related Products		Remote Staffing Solutions		Promotional Products		Intersegment Eliminations			Total
Net sales	$	60,745	$	8,993	$	23,744	$	(1,212	)	$	92,270
Cost of goods sold		38,937		3,824		17,600		(434	)		59,927
Gross margin	$	21,808	$	5,169	$	6,144	$	(778	)	$	32,343
Selling and administrative expenses		18,779		3,448		5,436		(778	)		26,885
Other periodic pension cost		547		-		-		-			547
Interest expense		963		-		296		-			1,259
Income before taxes on income	$	1,519	$	1,721	$	412	$	-		$	3,652

Depreciation and amortization	$	1,582	$	249	$	320	$	-		$	2,151
Capital expenditures	$	2,997	$	196	$	63	$	-		$	3,256
Total assets	$	287,690	$	29,161	$	94,971	$	(64,810	)	$	347,012

As of and For the Three Months Ended June 30, 2018	Uniforms and Related Products		Remote Staffing Solutions		Promotional Products		Intersegment Eliminations			Total
Net sales	$	56,403	$	8,001	$	19,014	$	(1,026	)	$	82,392
Cost of goods sold		36,222		3,355		13,893		(356	)		53,114
Gross margin	$	20,181	$	4,646	$	5,121	$	(670	)	$	29,278
Selling and administrative expenses		17,399		2,778		3,820		(670	)		23,327
Other periodic pension cost		96		-		-		-			96
Interest expense		495		-		263		-			758
Income (loss) before taxes on income	$	2,191	$	1,868	$	1,038	$	-		$	5,097

Depreciation and amortization	$	1,449	$	253	$	318	$	-		$	2,020
Capital expenditures	$	708	$	554	$	97	$	-		$	1,359
Total assets	$	303,099	$	25,664	$	60,142	$	(53,743	)	$	335,162

(In thousands)
As of and For the Six Months Ended June 30, 2019	Uniforms and Related Products		Remote Staffing Solutions		Promotional Products		Intersegment Eliminations			Total
Net sales	$	119,424	$	17,592	$	44,103	$	(2,297	)	$	178,822
Cost of goods sold		77,298		7,384		32,333		(804	)		116,211
Gross margin	$	42,126	$	10,208	$	11,770	$	(1,493	)	$	62,611
Selling and administrative expenses		36,956		6,567		10,718		(1,493	)		52,748
Other periodic pension cost		806		-		-		-			806
Interest expense		1,841		-		588		-			2,429
Income before taxes on income	$	2,523	$	3,641	$	464	$	-		$	6,628

Depreciation and amortization	$	3,070	$	505	$	636	$	-		$	4,211
Capital expenditures	$	4,155	$	605	$	219	$	-		$	4,979
Total assets	$	287,690	$	29,161	$	94,971	$	(64,810	)	$	347,012

As of and For the Six Months Ended June 30, 2018	Uniforms and Related Products		Remote Staffing Solutions		Promotional Products		Intersegment Eliminations			Total
Net sales	$	104,528	$	15,300	$	37,690	$	(2,039	)	$	155,479
Cost of goods sold		67,811		6,493		27,720		(698	)		101,326
Gross margin	$	36,717	$	8,807	$	9,970	$	(1,341	)	$	54,153
Selling and administrative expenses		31,538		5,290		9,022		(1,341	)		44,509
Other periodic pension cost		192		-		-		-			192
Interest expense		555		-		480		-			1,035
Income (loss) before taxes on income	$	4,432	$	3,517	$	468	$	-		$	8,417

Depreciation and amortization	$	2,514	$	490	$	642	$	-		$	3,646
Capital expenditures	$	1,393	$	819	$	202	$	-		$	2,414
Total assets	$	303,099	$	25,664	$	60,142	$	(53,743	)	$	335,162

XML 27 R17.htm IDEA: XBRL DOCUMENT

Note 10 - Leases

6 Months Ended

Jun. 30, 2019

Lessee, Operating Leases [Text Block]

NOTE

– Leases

one

eight

years. In the normal course of business, it is expected that these leases will be renewed or replaced by leases on other properties. Options to renew lease terms are included in determining the right-of-use asset and lease liability when it is reasonably certain that the Company will exercise that option. Certain of the lease agreements include rental payments adjusted periodically for inflation and generally require the Company to pay real estate taxes, insurance, and repairs. The Company’s lease agreements generally do

not

contain any material residual value guarantees or material restrictive covenants. The Company subleases certain insignificant office space to

third

parties. As of

June 30, 2019,

the Company had recognized

$4.1

million of operating lease obligation (

$1.2

million in other current liabilities and

$2.9

million in long-term operating lease liabilities), which represents the present value of the remaining lease payments, and

$4.7

million of operating lease right-of-use assets, which represents the lease liability of

$4.1

million adjusted for the prepaid rent of

$0.7

million. The depreciable-life of right-of-use assets is generally limited by the expected lease term. The Company does

not

have any material leases, individually or in the aggregate, classified as a finance leasing arrangement.

The components of lease cost were as follows (in thousands):

	Three Months Ended June 30, 2019		Six Months Ended June 30, 2019
Lease costs:
Operating lease costs	$	397	$	722
Short-term lease costs		97		205
Total lease costs, included in S&A		494		927

Cash flow and noncash information related to our operating leases were as follows (in thousands):

	Six Months Ended June 30, 2019
Operating cash flows - cash paid for operating lease liabilities	$	619
Non-cash - Operating lease ROU assets obtained in exchange for new lease liabilities	$	514

Other supplemental information related to our operating leases was as follows:

	June 30,
	2019
Weighted-average remaining lease term (in years)		3.8
Weighted average discount rate		5.65	%

Maturities of operating lease liabilities as of

June 30, 2019

were as follows (in thousands):

	Operating
	Leases
2019 (six months)	$	671
2020		1,303
2021		979
2022		814
2023		634
Thereafter		123
Total lease payments		4,524
Less imputed interest		462
Present value of lease liabilities	$	4,062

XML 28 R18.htm IDEA: XBRL DOCUMENT

Note 11 - Acquisition of Businesses

6 Months Ended

Jun. 30, 2019

Business Combination Disclosure [Text Block]

NOTE

– Acquisition of Business

CID Resources

May 2, 2018,

the Company acquired CID Resources, Inc., a Delaware corporation (“CID”), which manufactures medical uniforms, lab coats, and layers, and sells its products to specialty uniform retailers, ecommerce medical uniform retailers, and other retailers.

The purchase price in the acquisition consisted of the following: (a) approximately

$84.4

million in cash at closing, (b) the issuance of

150,094

shares of the Company’s common stock to an equityholder of CID, and (c)

$2.5

million in cash as a result of the cash and working capital adjustment.

Fair Value of Consideration Transferred

A Summary of the purchase price is as follows (in thousands):

Cash consideration at closing	$	84,430
Superior common stock issued		3,763
Cash and working capital adjustment		2,521
Total Considerations	$	90,714

Assets Acquired and Liabilities Assumed

The total purchase price was allocated to the tangible and intangible assets and liabilities of CID based on their estimated fair values as of

May 2, 2018.

The excess of the purchase price over the estimated fair values of the assets acquired and liabilities assumed was allocated to goodwill.

Cash	$	1,360
Accounts receivable		9,657
Prepaid expenses and other current assets		1,248
Inventories		28,895
Property, plant and equipment		1,134
Contract assets		2,535
Identifiable intangible assets		41,020
Goodwill		20,323
Total assets	$	106,172
Accounts payables		5,030
Deferred tax liability		9,461
Other current liabilities		967
Total liabilities	$	15,458

The amounts in the table above are reflective of measurement period adjustments made during the

three

and

six

months ended

June 30, 2019,

which mainly included an increase of

2.4

million to goodwill, a decrease of

$1.8

million to inventory and an increase of

$0.6

million to accounts payable. The measurement period adjustments did

not

have a significant impact on the Company’s statement of operations or cash flows. The Company finalized the purchase price allocation of CID during the

second

quarter of

2019.

The Company recorded

$41.0

million in identifiable intangibles at fair value, consisting of

$26.0

million in acquired customer relationships,

$0.8

million for a non-compete agreement and

$14.2

million for the brand name.

Goodwill was calculated as the difference between the fair value of the consideration transferred and the values assigned to the assets acquired and liabilities assumed. This goodwill will

not

be deductible for tax purposes.

The intangible assets associated with the customer relationships are being amortized for

fifteen

years beginning on

May 2, 2018

and the non-compete agreement is being amortized for

five

years. The trade name is considered an indefinite-life asset and as such is

not

being amortized.

The Company recognized amortization expense on these acquired intangible assets of

$0.5

million and

$0.3

million for the

three

months ended

June 30, 2019

and

2018,

respectively.

The Company recognized amortization expense on these acquired intangible assets of

$1.0

million and

$0.8

million for the

six

months ended

June 30, 2019

and

2018,

respectively.

On a pro forma basis as if the results of this acquisition had been included in our consolidated results for the

three

months ended

June 30, 2018,

net sales would have increased approximately

$5.1

million. Net income would have increased

$1.3

million in

2018,

$0.80

per share.

On a pro forma basis as if the results of this acquisition had been included in our consolidated results for the

six

months ended

June 30, 2018,

net sales would have increased approximately

$22.3

million. Net income would have increased

$2.6

million in

2018,

$0.17

per share.

Other Acquisitions of Businesses

BAMKO

March 8, 2016,

the Company closed on the acquisition of substantially all of the assets of BAMKO, Inc. The transaction had an effective date of

March 1, 2016.

The transaction also included the acquisition of BAMKO, Inc.’s subsidiaries in Hong Kong, China, Brazil and England as well as an affiliate in India. BAMKO is a promotional products, merchandise, and packaging company that serves the world’s most prominent brands. The purchase price included a potential future payment of approximately

$5.5

million in additional contingent consideration through

2021.

The estimated fair value for acquisition-related contingent consideration payable was

$3.2

million as of

June 30, 2019.

The current portion of

$1.2

million shall be paid in the

second

quarter of

2020.

The Company will continue to evaluate this liability for remeasurement at the end of each reporting period and any change will be recorded in the Company’s statement of comprehensive income.

Public Identity

August 21, 2017,

BAMKO acquired substantially all of the assets and assumed certain liabilities of PublicIdentity, Inc. (“Public Identity”) of Los Angeles, CA. Public Identity is a promotional products and branded merchandise agency that provides innovative, high quality merchandise and promotional products to corporate clients and universities across the country. The purchase price included future payments of approximately

$0.4

million in additional consideration through

2020.

Tangerine Promotions

November 30, 2017,

BAMKO acquired substantially all of the assets of Tangerine Promotions, Ltd and Tangerine Promotions West, Inc (collectively “Tangerine”). The transaction had an effective date of

December 1, 2017.

Tangerine is a promotional products and branded merchandise agency that serves many well-known brands. The company is

one

of the leading providers of Point-of-Purchase (POP) and Point-of-Sale (POS) merchandise in the country. The purchase price included potential future payments of approximately

$3.2

million in additional contingent consideration through

2021.

The estimated fair value for acquisition-related contingent consideration payable is

$2.6

million as of

June 30, 2019.

The Company will continue to evaluate this liability for remeasurement at the end of each reporting period and any change will be recorded in the Company’s statement of comprehensive income.

XML 29 R19.htm IDEA: XBRL DOCUMENT

Significant Accounting Policies (Policies)	6 Months Ended
Significant Accounting Policies (Policies)	Jun. 30, 2019
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	a) Basis of presentation The condensed consolidated financial statements include the accounts of Superior Group of Companies, Inc. and its wholly-owned subsidiaries, The Office Gurus, LLC, SUG Holding, Superior Group Holdings, Inc., Fashion Seal Corporation, BAMKO, LLC and CID Resources, Inc.; The Office Gurus, Ltda, de C.V., The Office Masters, Ltda., de C.V. and The Office Gurus, Ltd., each a subsidiary of Fashion Seal Corporation and SUG Holding; and Power Three Web, Ltda. and Superior Sourcing, each a wholly-owned subsidiary of SUG Holding; BAMKO Importação, Exportação e Comércio de Brindes Ltda., a subsidiary of BAMKO, LLC and SUG Holding; Guangzhou Ben Gao Trading Limited, Worldwide Sourcing Solutions Limited, and BAMKO UK, Limited, each a direct or indirect subsidiary of BAMKO, LLC; and BAMKO India Private Limited, a 99% -owned subsidiary of BAMKO, LLC. All of these entities are referred to collectively as “the Company”, “Superior”, “we”, “our”, or “us”. Effective on May 3, 2018, Superior Uniform Group, Inc. changed its name to Superior Group of Companies, Inc. The accompanying unaudited financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations. Intercompany items have been eliminated in consolidation. These condensed consolidated financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Company’s Annual Report on Form 10 -K for the year ended December 31, 2018, and filed with the Securities and Exchange Commission. The interim financial information contained herein is not certified or audited; it reflects all adjustments (consisting of only normal recurring accruals) which are, in the opinion of management, necessary for a fair statement of the operating results for the periods presented, stated on a basis consistent with that of the audited financial statements. The results of operations for any interim period are not necessarily indicative of results to be expected for the full year. We refer to the condensed consolidated financial statements collectively as “financial statements,” and individually as “statements of comprehensive income (loss)”, “balance sheets”, “statements of stockholders’ equity”, and “statements of cash flows” herein.
New Accounting Pronouncements, Policy [Policy Text Block]	b) Recent Accounting Pronouncements We consider the applicability and impact of all Accounting Standard Updates (“ASUs”). ASUs not listed below were assessed and determined to be not applicable. Recently Adopted Accounting Pronouncements In February 2016, the Financial Accounting Standards Board (“FASB”) issued ASU 2016 - 02, Lea s es (Topic 842 ) and July 2018, the FASB issued ASU 2018 - 10, Codification Improvements to Topic 842, Leases and ASU 2018 - 11, Targeted Improvements (collectively “Topic 842” ). Topic 842 establishes a new lease model, referred to as the right-of-use (ROU) model that brings substantially all leases onto the balance sheet. This standard requires lessees to recognize leased assets (ROU Assets) and lease liabilities on the balance sheet and disclose key information about the leasing arrangements in their financial statements. Leases are classified as finance or operating, with classification affecting the pattern and classification of expense recognition in the income statement. The Company adopted Topic 842 effective on January 1, 2019 using the modified retrospective transition approach that allows a reporting entity to use the effective date as its date of initial application and not restate the comparative periods in the period of adoption when transitioning to the new standard. Consequently, the requisite financial information and disclosures under the new standard are excluded for dates and periods prior to January 1, 2019. In addition, the Company elected to use a number of optional simplification and practical expedients (reliefs) permitted under the transition guidance within the new standard, including allowing the Company to combine fixed lease and non-lease components, apply the short-term lease exception to all leases of one year or less, and utilize the ‘package of practical expedients’, which permits the Company to not reassess prior accounting conclusions with respect to lease identification, lease classification and initial direct costs under Topic 842. The Company did not elect the use-of hindsight or the practical expedient pertaining to land easement; the latter not being applicable to the Company. Adoption of this new standard resulted in the recognition of $4.1 million of operating lease liabilities ( $1.0 million in other current liabilities and $3.1 million in long-term operating lease liabilities) which represents the present value of the remaining lease payments of $4.6 million, discounted using the Company’s lease discount rate of 5.74% and $4.9 million of operating lease right-of-use assets, which represents the lease liability of $4.1 million adjusted for prepaid rent to $0.8 million that was previously presented within current prepaid expenses and other current assets and other assets on the accompanying balance sheet prior to adoption. Refer to Note 10 for the impact to the financial statements as of June 30, 2019. In February 2018, the FASB issued ASU 2018 - 02, “ Income Statement - Reporting Comprehensive Income (Topic 220 ): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. ” ASU 2018 - 02 allows entities to elect to reclassify the income tax effects resulting from the Tax Cuts and Jobs Act (Tax Act) on items within accumulated other comprehensive income to retained earnings and requires additional related disclosures. This standard is effective for fiscal years beginning after December 15, 2018 and interim periods within those fiscal years, however, early adoption is permitted. The Company elected not to reclassify the income tax effects of the Tax Act from accumulated other comprehensive income to retained earnings. The Company’s adoption of this standard on January 1, 2019 did not have a material impact on its financial statements. Recently Issued Accounting Pronouncements Not Yet Adopted In June 2016, the FASB issued ASU 2016 - 13, “ Financial Instruments—Credit Losses (Topic 326 ). ” The update changes the impairment model for most financial assets and certain other instruments, including trade and other receivables, held-to-maturity debt securities and loans, and requires entities to use a new forward-looking expected loss model that will result in the earlier recognition of allowance for losses. This update is effective for annual and interim periods beginning after December 15, 2019, with early adoption permitted. Adoption will require a modified retrospective approach beginning with the earliest period presented. The Company is currently evaluating the potential impact this standard will have on its financial statements. In January 2017, the FASB issued ASU 2017 - 04, “Simplifying the Test for Goodwill Impairment.” ASU 2017 - 04 eliminates the two -step process that required identification of potential impairment and a separate measure of the actual impairment. Goodwill impairment charges, if any, would be determined by the difference between a reporting unit's carrying value and its fair value (impairment loss is limited to the carrying value). This standard is effective for annual or any interim goodwill impairment tests beginning after December 15, 2019. The Company’s adoption of this standard is not expected to have a material impact on its financial statements.

XML 30 R20.htm IDEA: XBRL DOCUMENT

Note 2 - Long-term Debt (Tables)

6 Months Ended

Jun. 30, 2019

Schedule of Long-term Debt Instruments [Table Text Block]

	June 30,		December 31,
(In thousands)	2019		2018

Note payable to BB&T, pursuant to revolving credit agreement, maturing May 2023	$	34,035	$	1,193
Term loan payable to BB&T maturing January 2026		61,131		-
Term loan payable to BB&T maturing February 2024		28,500		31,500
Term loan payable to BB&T maturing May 2020		-		85,000
	$	123,666	$	117,693
Less:
Payments due within one year included in current liabilities		15,286		6,000

Debt issuance costs		345		171
Long-term debt less current maturities	$	108,035	$	111,522

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28541-108399

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644

+ Details

XML 31 R21.htm IDEA: XBRL DOCUMENT

Note 3 - Periodic Pension Expense (Tables)

6 Months Ended

Jun. 30, 2019

Schedule of Net Benefit Costs [Table Text Block]

	Three Months						Six Months
	Ended June 30,						Ended June 30,
	2019			2018			2019			2018
Service cost - benefits earned during the period	$	29		$	27		$	58		$	54
Interest cost on projected benefit obligation		271			243			542			485
Expected return on plan assets		(384	)		(430	)		(721	)		(859	)
Recognized actuarial loss		324			283			649			566
Settlement loss		336			-			336			-
Net periodic pension cost	$	576		$	123		$	864		$	246

XML 32 R22.htm IDEA: XBRL DOCUMENT

Note 4 - Net Sales (Tables)

6 Months Ended

Jun. 30, 2019

Schedule of Accounts Receivables and Contract Assets [Table Text Block]

	June 30,		December 31,
	2019		2018
Accounts receivable - trade	$	70,927	$	64,017
Current contract assets		43,674		49,236

XML 33 R23.htm IDEA: XBRL DOCUMENT

Note 6 - Share-based Compensation (Tables)

6 Months Ended

Jun. 30, 2019

Share-based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]

	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
Stock options and SARs	$	105	$	121	$	178	$	944
Restricted stock		209		140		397		264
Performance shares		237		177		457		282
Total share-based compensation expense	$	551	$	438	$	1,032	$	1,490

Related income tax benefit	$	67	$	74	$	125	$	185

Share-based Payment Arrangement, Option, Activity [Table Text Block]

						Weighted Average
	No. of			Weighted Average		Remaining Life		Aggregate
	Shares			Exercise Price		(in years)		Intrinsic Value
Outstanding, January 1, 2019		676,846		$	15.70		2.99	$	2,230
Granted(1)		142,009			17.68
Exercised		(75,144	)		6.70
Cancelled		(54,148	)		19.36
Outstanding, June 30, 2019		689,563		$	16.80		3.28	$	1,243
Options exercisable, June 30, 2019		517,593		$	16.42		2.75	$	1,239

Share-based Payment Arrangement, Stock Appreciation Right, Activity [Table Text Block]

						Weighted Average
	No. of			Weighted Average		Remaining Life		Aggregate
	Shares			Exercise Price		(in years)		Intrinsic Value
Outstanding, January 1, 2019		182,894		$	18.99		2.61	$	89
Granted(1)		42,841			17.77
Exercised		-			-
Cancelled		(16,162	)		20.01
Outstanding, June 30, 2019		209,573		$	18.66		2.57	$	40
Options exercisable, June 30, 2019		168,478		$	18.88		2.07	$	40

Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]

			Weighted Average
	No. of		Grant Date
	Shares		Fair Value
Outstanding, January 1, 2019		92,032	$	19.46
Granted		48,829		17.41
Vested		-		-
Cancelled		-		-
Outstanding, June 30, 2019		140,861	$	18.75

Schedule of Nonvested Performance-based Units Activity [Table Text Block]

				Weighted Average
	No. of			Grant Date
	Shares			Fair Value
Outstanding, January 1, 2019		194,378		$	20.08
Granted		14,068			17.77
Vested		-			-
Cancelled		(1,000	)		17.75
Outstanding, June 30, 2019		207,446		$	19.93

XML 34 R24.htm IDEA: XBRL DOCUMENT

Note 7 - Income Taxes (Tables)

6 Months Ended

Jun. 30, 2019

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	Three Months Ended June 30,						Six Months Ended June 30,
	2019			2018			2019			2018
Statutory Federal income tax rate		21.0	%		21.0	%		21.0	%		21.0	%
State and local income taxes, net of Federal income tax benefit		4.3	%		4.9	%		3.7	%		4.4	%
Current year untaxed foreign income		(6.9	%)		(9.1	%)		(7.2	%)		(8.1	%)
Foreign taxes		3.8	%		1.9	%		3.2	%		3.0	%
GILTI tax		1.6	%		4.2	%		1.7	%		3.7	%
Compensation related		-			1.6	%		0.1	%		1.3	%
Non-deductible acquisition expense		-			2.8	%		-			1.7	%
Federal tax credits		-			-			(0.5	%)		(0.6	%)
Other		-			(2.2	%)		0.2	%		(0.9	%)
Effective income tax rate		23.8	%		25.1	%		22.2	%		25.5	%

XML 35 R25.htm IDEA: XBRL DOCUMENT

Note 8 - Net Income Per Share (Tables)

6 Months Ended

Jun. 30, 2019

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2019		2018		2019		2018
Net income used in the computation of basic and diluted net income per share (in thousands)	$	2,781	$	3,817	$	5,157	$	6,267

Weighted average shares outstanding - basic		14,952,802		14,956,221		14,940,072		14,888,940
Common stock equivalents		334,555		603,183		334,934		619,577
Weighted average shares outstanding - diluted		15,287,357		15,559,404		15,275,006		15,508,517
Per Share Data:
Basic
Net income	$	0.19	$	0.26	$	0.35	$	0.42
Diluted
Net income	$	0.18	$	0.25	$	0.34	$	0.40

XML 36 R26.htm IDEA: XBRL DOCUMENT

Note 9 - Operating Segment Information (Tables)

6 Months Ended

Jun. 30, 2019

Schedule of Segment Reporting Information, by Segment [Table Text Block]

(In thousands)
As of and For the Three Months Ended June 30, 2019	Uniforms and Related Products		Remote Staffing Solutions		Promotional Products		Intersegment Eliminations			Total
Net sales	$	60,745	$	8,993	$	23,744	$	(1,212	)	$	92,270
Cost of goods sold		38,937		3,824		17,600		(434	)		59,927
Gross margin	$	21,808	$	5,169	$	6,144	$	(778	)	$	32,343
Selling and administrative expenses		18,779		3,448		5,436		(778	)		26,885
Other periodic pension cost		547		-		-		-			547
Interest expense		963		-		296		-			1,259
Income before taxes on income	$	1,519	$	1,721	$	412	$	-		$	3,652

Depreciation and amortization	$	1,582	$	249	$	320	$	-		$	2,151
Capital expenditures	$	2,997	$	196	$	63	$	-		$	3,256
Total assets	$	287,690	$	29,161	$	94,971	$	(64,810	)	$	347,012

As of and For the Three Months Ended June 30, 2018	Uniforms and Related Products		Remote Staffing Solutions		Promotional Products		Intersegment Eliminations			Total
Net sales	$	56,403	$	8,001	$	19,014	$	(1,026	)	$	82,392
Cost of goods sold		36,222		3,355		13,893		(356	)		53,114
Gross margin	$	20,181	$	4,646	$	5,121	$	(670	)	$	29,278
Selling and administrative expenses		17,399		2,778		3,820		(670	)		23,327
Other periodic pension cost		96		-		-		-			96
Interest expense		495		-		263		-			758
Income (loss) before taxes on income	$	2,191	$	1,868	$	1,038	$	-		$	5,097

Depreciation and amortization	$	1,449	$	253	$	318	$	-		$	2,020
Capital expenditures	$	708	$	554	$	97	$	-		$	1,359
Total assets	$	303,099	$	25,664	$	60,142	$	(53,743	)	$	335,162

(In thousands)
As of and For the Six Months Ended June 30, 2019	Uniforms and Related Products		Remote Staffing Solutions		Promotional Products		Intersegment Eliminations			Total
Net sales	$	119,424	$	17,592	$	44,103	$	(2,297	)	$	178,822
Cost of goods sold		77,298		7,384		32,333		(804	)		116,211
Gross margin	$	42,126	$	10,208	$	11,770	$	(1,493	)	$	62,611
Selling and administrative expenses		36,956		6,567		10,718		(1,493	)		52,748
Other periodic pension cost		806		-		-		-			806
Interest expense		1,841		-		588		-			2,429
Income before taxes on income	$	2,523	$	3,641	$	464	$	-		$	6,628

Depreciation and amortization	$	3,070	$	505	$	636	$	-		$	4,211
Capital expenditures	$	4,155	$	605	$	219	$	-		$	4,979
Total assets	$	287,690	$	29,161	$	94,971	$	(64,810	)	$	347,012

As of and For the Six Months Ended June 30, 2018	Uniforms and Related Products		Remote Staffing Solutions		Promotional Products		Intersegment Eliminations			Total
Net sales	$	104,528	$	15,300	$	37,690	$	(2,039	)	$	155,479
Cost of goods sold		67,811		6,493		27,720		(698	)		101,326
Gross margin	$	36,717	$	8,807	$	9,970	$	(1,341	)	$	54,153
Selling and administrative expenses		31,538		5,290		9,022		(1,341	)		44,509
Other periodic pension cost		192		-		-		-			192
Interest expense		555		-		480		-			1,035
Income (loss) before taxes on income	$	4,432	$	3,517	$	468	$	-		$	8,417

Depreciation and amortization	$	2,514	$	490	$	642	$	-		$	3,646
Capital expenditures	$	1,393	$	819	$	202	$	-		$	2,414
Total assets	$	303,099	$	25,664	$	60,142	$	(53,743	)	$	335,162

XML 37 R27.htm IDEA: XBRL DOCUMENT

Note 10 - Leases (Tables)

6 Months Ended

Jun. 30, 2019

Lease, Cost [Table Text Block]

	Three Months Ended June 30, 2019		Six Months Ended June 30, 2019
Lease costs:
Operating lease costs	$	397	$	722
Short-term lease costs		97		205
Total lease costs, included in S&A		494		927

	Six Months Ended June 30, 2019
Operating cash flows - cash paid for operating lease liabilities	$	619
Non-cash - Operating lease ROU assets obtained in exchange for new lease liabilities	$	514

	June 30,
	2019
Weighted-average remaining lease term (in years)		3.8
Weighted average discount rate		5.65	%

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

	Operating
	Leases
2019 (six months)	$	671
2020		1,303
2021		979
2022		814
2023		634
Thereafter		123
Total lease payments		4,524
Less imputed interest		462
Present value of lease liabilities	$	4,062

XML 38 R28.htm IDEA: XBRL DOCUMENT

Note 11 - Acquisition of Businesses (Tables)

6 Months Ended

Jun. 30, 2019

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

A Summary of the purchase price is as follows (in thousands):

Cash consideration at closing	$	84,430
Superior common stock issued		3,763
Cash and working capital adjustment		2,521
Total Considerations	$	90,714

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

Cash	$	1,360
Accounts receivable		9,657
Prepaid expenses and other current assets		1,248
Inventories		28,895
Property, plant and equipment		1,134
Contract assets		2,535
Identifiable intangible assets		41,020
Goodwill		20,323
Total assets	$	106,172
Accounts payables		5,030
Deferred tax liability		9,461
Other current liabilities		967
Total liabilities	$	15,458

XML 39 R29.htm IDEA: XBRL DOCUMENT

Note 1 - Basis of Presentation (Details Textual) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jan. 01, 2019	Dec. 31, 2018
Operating Lease, Liability, Total	$ 4,062
Operating Lease, Liability, Current	1,200
Operating Lease, Liability, Noncurrent	2,864
Lessee, Operating Lease, Liability, Payments, Due, Total	$ 4,524
Operating Lease, Weighted Average Discount Rate, Percent	5.65%
Operating Lease, Right-of-Use Asset	$ 4,716
Accounting Standards Update 2016-02 [Member]
Operating Lease, Liability, Total		$ 4,100
Operating Lease, Liability, Current		1,000
Operating Lease, Liability, Noncurrent		3,100
Lessee, Operating Lease, Liability, Payments, Due, Total		$ 4,600
Operating Lease, Weighted Average Discount Rate, Percent		5.74%
Accounting Standards Update 2014-09 [Member]
Operating Lease, Right-of-Use Asset		$ 4,900
Prepaid Rent		$ (800)
BAMKO [Member]
Subsidiary of Limited Liability Company or Limited Partnership, Ownership Interest	99.00%

XML 40 R30.htm IDEA: XBRL DOCUMENT

Note 2 - Long-term Debt (Details Textual) $ in Thousands				6 Months Ended
Note 2 - Long-term Debt (Details Textual) $ in Thousands	Jan. 22, 2019 USD ($)	May 02, 2018 USD ($)	Feb. 28, 2017 USD ($)	Jun. 30, 2019 USD ($)	Jun. 30, 2018 USD ($)	Dec. 31, 2018 USD ($)	May 01, 2018 USD ($)	Mar. 01, 2018 USD ($)
Long-term Debt, Maturities, Repayments of Principal, Remainder of Fiscal Year				$ 6,000
Long Term Debt Maturities Repayments of Principal in Year Six				1,500
Repayments of Long-term Debt, Total				88,667	$ 56,289
Long-term Debt, Gross				123,666		$ 117,693
Long-term Debt, Maturities, Repayments of Principal in Year Two				6,000
Derivative, Fixed Interest Rate								3.12%
Long-term Debt, Maturities, Repayments of Principal in Year Three				6,000
Long-term Debt, Maturities, Repayments of Principal in Year Four				6,000
Long-term Debt, Maturities, Repayments of Principal in Year Five				6,000
Interest Rate Swap [Member]
Derivative, Notional Amount								$ 18,000
Derivative, Notional Amount, Monthly Reduction Amount								$ 300
Derivative, Swaption Interest Rate							3.05%
Interest Rate Swap [Member] \| Other Current Liabilities [Member]
Derivative, Notional Amount		$ 17,500
Derivative Liability, Total		100		200
Credit Agreement [Member] \| Term Loan 2 [Member]
Debt Instrument, Face Amount		85,000
Long-term Debt, Maturities, Repayments of Principal, Remainder of Fiscal Year				8,500
Long Term Debt Maturities Repayments of Principal in Year Six				$ 9,300
Debt Instrument, Interest Rate, Effective Percentage				3.25%
Repayments of Long-term Debt, Total	$ 20,000
Long-term Debt, Gross	$ 65,000
Long-term Debt, Maturities, Repayments of Principal in Year Two				$ 9,300
Long Term Debt Maturities Repayments of Principal in Year Eight				800
Long-term Debt, Maturities, Repayments of Principal in Year Three				9,300
Long-term Debt, Maturities, Repayments of Principal in Year Four				9,300
Long-term Debt, Maturities, Repayments of Principal in Year Five				9,300
Long Term Debt Maturities Repayments of Principal in Year Seven				$ 9,300
Credit Agreement [Member] \| Term Loan [Member]
Debt Instrument, Face Amount		$ 42,000
Debt Instrument, Interest Rate, Effective Percentage				3.08%
Credit Agreement [Member] \| London Interbank Offered Rate (LIBOR) [Member] \| Term Loan 2 [Member]
Debt Instrument, Basis Spread on Variable Rate	0.85%
Credit Agreement [Member] \| London Interbank Offered Rate (LIBOR) [Member] \| Term Loan [Member]
Debt Instrument, Basis Spread on Variable Rate		0.68%
Amended and Restated Credit Agreement [Member]
Fixed Charge Coverage Ratio	1.25
EBITA Ratio	4
Revolving Credit Facility [Member] \| Credit Agreement [Member] \| Fifth Third Bank [Member]
Line of Credit Facility, Maximum Borrowing Capacity							$ 35,000
Revolving Credit Facility [Member] \| Credit Agreement [Member] \| BB&T [Member]
Line of Credit Facility, Maximum Borrowing Capacity		$ 75,000
Add on Credit Facility [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate			0.75%
Amended Credit Agreement [Member] \| Term Loan [Member]
Debt Instrument, Face Amount			$ 42,000
Amended Credit Agreement [Member] \| Revolving Credit Facility [Member]
Line of Credit Facility, Expiration Period			7 years
Line of Credit Facility, Maximum Borrowing Capacity			$ 35,000
Line of Credit Facility, Commitment Fee Percentage			0.10%
Letters of Credit Outstanding, Amount				$ 0

XML 41 R31.htm IDEA: XBRL DOCUMENT

Note 2 - Long-term Debt - Long-term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Long-term Debt, Gross	$ 123,666	$ 117,693
Payments due within one year included in current liabilities	15,286	6,000
Debt issuance costs	345	171
Long-term debt less current maturities	108,035	111,522
Note Payable Maturing May 2023 [Member] \| BB&T [Member]
Long-term Debt, Gross	34,035	1,193
Term Loan Maturing January 22, 2026 [Member] \| BB&T [Member]
Long-term Debt, Gross	61,131
Term Loan Maturing February 26, 2024 [Member] \| BB&T [Member]
Long-term Debt, Gross	28,500	31,500
Term Loan Maturing May 2020 [Member] \| BB&T [Member]
Long-term Debt, Gross		$ 85,000

XML 42 R32.htm IDEA: XBRL DOCUMENT

Note 3 - Periodic Pension Expense (Details Textual) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Payment for Pension Benefits	$ 0.1	$ 0.1	$ 0.1	$ 0.1

XML 43 R33.htm IDEA: XBRL DOCUMENT

Note 3 - Periodic Pension Expense - Net Periodic Benefit Cost (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Service cost - benefits earned during the period	$ 29	$ 27	$ 58	$ 54
Interest cost on projected benefit obligation	271	243	542	485
Expected return on plan assets	(384)	(430)	(721)	(859)
Recognized actuarial loss	324	283	649	566
Settlement loss	336		336
Net periodic pension cost	$ 576	$ 123	$ 864	$ 246

XML 44 R34.htm IDEA: XBRL DOCUMENT

Note 4 - Net Sales (Details Textual) $ in Millions	Jan. 01, 2018 USD ($)
Accounting Standards Update 2014-09 [Member] \| Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	$ 11.2

XML 45 R35.htm IDEA: XBRL DOCUMENT

Note 4 - Net Sales - Accounts Receivables and Contract Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Accounts receivable - trade	$ 70,927	$ 64,017
Current contract assets	$ 43,674	$ 49,236

XML 46 R36.htm IDEA: XBRL DOCUMENT

Note 6 - Share-based Compensation (Details Textual) $ / shares in Units, $ in Millions	6 Months Ended
	Jun. 30, 2019 USD ($) $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized \| shares	5,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant \| shares	3,307,485
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	2 years
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	5 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value \| $ / shares	$ 3.97
Share-based Payment Arrangement, Option [Member]
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total \| $	$ 0.6
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition	1 year 182 days
Stock Appreciation Rights (SARs) [Member]
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total \| $	$ 0.1
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition	1 year 219 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value \| $ / shares	$ 3.97
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total \| $	$ 1.5
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition	1 year 292 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value \| $ / shares	$ 17.41
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	5 years
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total \| $	$ 2.5
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition	2 years 109 days
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value \| $ / shares	$ 17.77
Performance Shares [Member] \| Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Performance Shares [Member] \| Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	5 years
Outside Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	10 years

XML 47 R37.htm IDEA: XBRL DOCUMENT

Note 6 - Share-based Compensation - Shared-based Compensation Expense and the Related Tax Benefit (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Share-based compensation expense	$ 551	$ 438	$ 1,032	$ 1,490
Related income tax benefit	67	74	125	185
Stock Options and SARs [Member]
Share-based compensation expense	105	121	178	944
Restricted Stock [Member]
Share-based compensation expense	209	140	397	264
Performance Shares [Member]
Share-based compensation expense	$ 237	$ 177	$ 457	$ 282

XML 48 R38.htm IDEA: XBRL DOCUMENT

Note 6 - Share-based Compensation - Stock Option Transactions (Details)
$ / shares in Units, $ in Thousands

6 Months Ended

12 Months Ended

Jun. 30, 2019

USD ($)

$ / shares

Dec. 31, 2018

USD ($)

$ / shares

Outstanding, January 1, 2019 (in shares) | shares

676,846

Outstanding, weighted average exercise price (in dollars per share) | $ / shares

$ 15.70

Outstanding, weighted average remaining life (Year)

3 years 102 days

2 years 361 days

Outstanding, aggregate intrinsic value | $

$ 1,243

$ 2,230

Granted (in shares) | shares

142,009

^[1]

Granted, weighted average exercise price (in dollars per share) | $ / shares

$ 17.68

^[1]

Exercised (in shares) | shares

(75,144)

Exercised, weighted average exercise price (in dollars per share) | $ / shares

$ 6.70

Cancelled (in shares) | shares

(54,148)

Cancelled, weighted average exercise price (in dollars per share) | $ / shares

$ 19.36

Outstanding, June 30, 2019 (in shares) | shares

689,563

676,846

Outstanding, weighted average exercise price (in dollars per share) | $ / shares

$ 16.80

$ 15.70

Options exercisable, June 30, 2019 (in shares) | shares

517,593

Options exercisable, weighted average exercise price (in dollars per share) | $ / shares

$ 16.42

Options exercisable, weighted average remaining life (Year)

2 years 273 days

Options exercisable, aggregate intrinsic value | $

$ 1,239

[1]	The weighted average grant date fair value of stock options granted was $3.97 per share.

XML 49 R39.htm IDEA: XBRL DOCUMENT

Note 6 - Share-based Compensation - Stock-settled Stock Appreciation Rights Transactions (Details) - Stock Appreciation Rights (SARs) [Member] - USD ($)
$ / shares in Units, $ in Thousands

6 Months Ended

12 Months Ended

Jun. 30, 2019

Dec. 31, 2018

Outstanding SARS (in shares)

182,894

Outstanding SARS, weighted average exercise price (in dollars per share)

$ 18.99

Outstanding SARS, weighted average remaining life (Year)

2 years 208 days

2 years 222 days

Outstanding SARS, aggregate intrinsic value

$ 40

$ 89

Granted SARs (in shares)

^[1]

42,841

Granted SARS, weighted average exercise price (in dollars per share)

^[1]

$ 17.77

Exercised SARs (in shares)

Exercised SARS, weighted average exercise price (in dollars per share)

Cancelled SARs (in shares)

(16,162)

Cancelled SARS, weighted average exercise price (in dollars per share)

$ 20.01

Outstanding SARS (in shares)

209,573

182,894

Outstanding SARS, weighted average exercise price (in dollars per share)

$ 18.66

$ 18.99

Exercisable SARs (in shares)

168,478

Exercisable SARs, weighted average exercise price (in dollars per share)

$ 18.88

Exercisable SARs, weighted average remaining life (Year)

2 years 25 days

Exercisable SARs, aggregate intrinsic value

$ 40

[1]	The weighted average grant date fair value of SARs granted was $3.97 per share.

XML 50 R40.htm IDEA: XBRL DOCUMENT

Note 6 - Share-based Compensation - Restricted Stock Transactions (Details) - Restricted Stock [Member]	6 Months Ended
	Jun. 30, 2019 $ / shares shares
Outstanding (in shares) \| shares	92,032
Outstanding, weighted average grant date fair value (in dollars per share) \| $ / shares	$ 19.46
Granted (in shares) \| shares	48,829
Granted, weighted average grant date fair value (in dollars per share) \| $ / shares	$ 17.41
Vested (in shares) \| shares
Vested, weighted average grant date fair value (in dollars per share) \| $ / shares
Cancelled (in shares) \| shares
Cancelled, weighted average grant date fair value (in dollars per share) \| $ / shares
Outstanding (in shares) \| shares	140,861
Outstanding, weighted average grant date fair value (in dollars per share) \| $ / shares	$ 18.75

XML 51 R41.htm IDEA: XBRL DOCUMENT

Note 6 - Share-based Compensation - Performance Share Transactions (Details) - Performance Shares [Member]	6 Months Ended
	Jun. 30, 2019 $ / shares shares
Outstanding (in shares) \| shares	194,378
Outstanding, weighted average grant date fair value (in dollars per share) \| $ / shares	$ 20.08
Granted (in shares) \| shares	14,068
Granted, weighted average grant date fair value (in dollars per share) \| $ / shares	$ 17.77
Vested (in shares) \| shares
Vested, weighted average grant date fair value (in dollars per share) \| $ / shares
Cancelled (in shares) \| shares	(1,000)
Cancelled, weighted average grant date fair value (in dollars per share) \| $ / shares	$ 17.75
Outstanding (in shares) \| shares	207,446
Outstanding, weighted average grant date fair value (in dollars per share) \| $ / shares	$ 19.93

XML 52 R42.htm IDEA: XBRL DOCUMENT

Note 7 - Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Tax Expense (Benefit), Total	$ 871	$ 1,280	$ 1,471	$ 2,150
Effective Income Tax Rate Reconciliation, Percent, Total	23.80%	25.10%	22.20%	25.50%
Effective Income Tax Rate Reconciliation, Change in GILTI, Percent	2.00%		2.00%
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Acquisition Cost, Percent		2.80%		1.70%

XML 53 R43.htm IDEA: XBRL DOCUMENT

Note 7 - Income Taxes - Income Tax Rate Reconciliation (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Statutory Federal income tax rate	21.00%	21.00%	21.00%	21.00%
State and local income taxes, net of Federal income tax benefit	4.30%	4.90%	3.70%	4.40%
Current year untaxed foreign income	(6.90%)	(9.10%)	(7.20%)	(8.10%)
Foreign taxes	3.80%	1.90%	3.20%	3.00%
GILTI tax	1.60%	4.20%	1.70%	3.70%
Compensation related		1.60%	0.10%	1.30%
Non-deductible acquisition expense		2.80%		1.70%
Federal tax credits			(0.50%)	(0.60%)
Other		(2.20%)	0.20%	(0.90%)
Effective income tax rate	23.80%	25.10%	22.20%	25.50%

XML 54 R44.htm IDEA: XBRL DOCUMENT

Note 8 - Net Income Per Share (Details Textual) - Share-based Payment Arrangement [Member] - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	316,095	0	329,095	0
Antidilutive Securities Excluded from Computation of Earnings Per Share, Weight Average Exercise Price	$ 20.95		$ 20.97

XML 55 R45.htm IDEA: XBRL DOCUMENT

Note 8 - Net Income Per Share - Reconciliation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Net income used in the computation of basic and diluted net income per share (in thousands)	$ 2,781	$ 3,817	$ 5,157	$ 6,267
Weighted average shares outstanding - basic (in shares)	14,952,802	14,956,221	14,940,072	14,888,940
Common stock equivalents (in shares)	334,555	603,183	334,934	619,577
(Diluted) (in shares)	15,287,357	15,559,404	15,275,006	15,508,517
Net income (in dollars per share)	$ 0.19	$ 0.26	$ 0.35	$ 0.42
Net income (in dollars per share)	$ 0.18	$ 0.25	$ 0.34	$ 0.40

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI http://asc.fasb.org/extlink&oid=116637232&loc=SL114874131-224263

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1337-109256

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=117327953&loc=d3e4984-109258

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1252-109256

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-URI http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=117326831&loc=SL5780133-109256

+ Details

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=117327953&loc=d3e4984-109258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1252-109256

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-URI http://asc.fasb.org/extlink&oid=116637391&loc=SL114874048-224260

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1337-109256

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=117326831&loc=SL5780133-109256

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI http://asc.fasb.org/extlink&oid=116637232&loc=SL114874131-224263

+ Details