$SUP
SUPERIOR INDUSTRIES INTERNATIONAL INC

2012 Q2 Form 10-Q Financial Statement

#000009555212000020 Filed on August 03, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2011 Q2
Revenue $215.1M $208.7M
YoY Change 3.03% 7.28%
Cost Of Revenue $199.3M $189.2M
YoY Change 5.37% 13.51%
Gross Profit $15.72M $19.55M
YoY Change -19.6% -29.92%
Gross Profit Margin 7.31% 9.36%
Selling, General & Admin $7.490M $6.354M
YoY Change 17.88% -13.23%
% of Gross Profit 47.66% 32.51%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.300M $7.200M
YoY Change -12.5%
% of Gross Profit 40.09% 36.83%
Operating Expenses $7.490M $6.354M
YoY Change 17.88% -13.23%
Operating Profit $8.226M $12.85M
YoY Change -36.0% -37.51%
Interest Expense $200.0K $400.0K
YoY Change -50.0% 33.33%
% of Operating Profit 2.43% 3.11%
Other Income/Expense, Net -$4.000K $434.0K
YoY Change -100.92% -188.93%
Pretax Income $8.438M $13.65M
YoY Change -38.16% -16.04%
Income Tax $2.024M -$1.055M
% Of Pretax Income 23.99% -7.73%
Net Earnings $6.414M $14.70M
YoY Change -56.37% 45.7%
Net Earnings / Revenue 2.98% 7.04%
Basic Earnings Per Share $0.24 $0.54
Diluted Earnings Per Share $0.23 $0.53
COMMON SHARES
Basic Shares Outstanding 27.21M shares 27.05M shares
Diluted Shares Outstanding 27.31M shares 27.56M shares

Balance Sheet

Concept 2012 Q2 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $212.3M $149.6M
YoY Change 41.91% 4.32%
Cash & Equivalents $207.5M $144.5M
Short-Term Investments $4.800M $5.100M
Other Short-Term Assets $7.963M $21.23M
YoY Change -62.48% 19.25%
Inventory $67.21M $79.92M
Prepaid Expenses
Receivables $124.4M $121.5M
Other Receivables $7.800M $16.20M
Total Short-Term Assets $426.8M $398.7M
YoY Change 7.04% 13.66%
LONG-TERM ASSETS
Property, Plant & Equipment $142.2M $167.8M
YoY Change -15.22% -2.46%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $4.600M $4.800M
YoY Change -4.17% -62.5%
Other Assets $22.55M $17.52M
YoY Change 28.72% -54.26%
Total Long-Term Assets $181.1M $190.1M
YoY Change -4.75% -9.57%
TOTAL ASSETS
Total Short-Term Assets $426.8M $398.7M
Total Long-Term Assets $181.1M $190.1M
Total Assets $607.9M $588.8M
YoY Change 3.24% 4.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $38.98M $24.37M
YoY Change 59.97% -24.79%
Accrued Expenses $43.17M $39.81M
YoY Change 8.44% -8.69%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $82.16M $65.68M
YoY Change 25.09% -13.7%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $31.14M $29.16M
YoY Change 6.79% -50.15%
Total Long-Term Liabilities $31.14M $29.16M
YoY Change 6.79% -50.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $82.16M $65.68M
Total Long-Term Liabilities $31.14M $29.16M
Total Liabilities $113.3M $94.84M
YoY Change 19.46% -47.63%
SHAREHOLDERS EQUITY
Retained Earnings $461.8M $421.6M
YoY Change 9.53%
Common Stock $70.19M $67.46M
YoY Change 4.05%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $465.4M $436.2M
YoY Change
Total Liabilities & Shareholders Equity $607.9M $588.8M
YoY Change 3.24% 4.96%

Cashflow Statement

Concept 2012 Q2 2011 Q2
OPERATING ACTIVITIES
Net Income $6.414M $14.70M
YoY Change -56.37% 45.7%
Depreciation, Depletion And Amortization $6.300M $7.200M
YoY Change -12.5%
Cash From Operating Activities $24.60M -$23.30M
YoY Change -205.58% -442.65%
INVESTING ACTIVITIES
Capital Expenditures -$4.400M -$5.400M
YoY Change -18.52% 217.65%
Acquisitions
YoY Change
Other Investing Activities $200.0K $16.10M
YoY Change -98.76% -1173.33%
Cash From Investing Activities -$4.200M $10.70M
YoY Change -139.25% -434.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.300M -1.300M
YoY Change 230.77% -69.05%
NET CHANGE
Cash From Operating Activities 24.60M -23.30M
Cash From Investing Activities -4.200M 10.70M
Cash From Financing Activities -4.300M -1.300M
Net Change In Cash 16.10M -13.90M
YoY Change -215.83% 2216.67%
FREE CASH FLOW
Cash From Operating Activities $24.60M -$23.30M
Capital Expenditures -$4.400M -$5.400M
Free Cash Flow $29.00M -$17.90M
YoY Change -262.01% -310.59%

Facts In Submission

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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 retiree’s remaining life or for a minimum of ten years. The plan was closed to new participants effective February 3, 2011.
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us-gaap Nature Of Operations
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Nature of Operations</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Headquartered in Van Nuys, California, the principal business of Superior Industries International, Inc. (referred to herein as the &#8220;company&#8221; or in the first person notation &#8220;we,&#8221; &#8220;us&#8221; and &#8220;our&#8221;) is the design and manufacture of aluminum road wheels for sale to original equipment manufacturers (OEM). We are one of the largest suppliers of cast aluminum wheels to the world&#8217;s leading automobile and light truck manufacturers, with wheel manufacturing operations in the United States and Mexico.&#160;&#160;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.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Ford Motor Company (Ford), General Motors Company (GM), Chrysler Group LLC (Chrysler), Nissan Motor Company (Nissan) and Toyota Motor Corporation (Toyota) were our customers individually accounting for more than 10 percent of our consolidated wheel sales in the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">first two quarters</font><font style="font-family:inherit;font-size:10pt;"> of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2012</font><font style="font-family:inherit;font-size:10pt;"> and together represented approximately </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">93 percent</font><font style="font-family:inherit;font-size:10pt;"> of our total wheel sales during the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">first two quarters</font><font style="font-family:inherit;font-size:10pt;"> of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2012</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2011</font><font style="font-family:inherit;font-size:10pt;">. We also manufacture aluminum wheels for BMW, Subaru, Mitsubishi and Volkswagen.&#160;&#160;The loss of all or a substantial portion of our sales to Ford, GM, Chrysler, Nissan 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.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The North American market for automobiles and light-duty trucks (including SUV's and crossover vehicles) has experienced rather pronounced cyclicality over recent years. Beginning with the third quarter of 2008, the automotive industry was negatively impacted by the continued dramatic shift away from full-size trucks and SUVs caused by continuing high fuel prices, rapidly rising commodity prices and the tightening of consumer credit due to the then deteriorating financial markets. Despite the improvement in the U.S. automotive industry since the latter part of 2009, vehicle production levels still remain below historical high points. There can be no guarantee that the improvements in recent years will be sustained or that reductions from current production levels will not occur in future periods.&#160;&#160;Vehicle demand is subject to many unpredictable factors such as changes in the general economy, gasoline prices, consumer credit availability and interest rates.&#160;&#160;Demand for aluminum wheels can be further affected by other factors, including pricing and performance comparisons to competitive materials such as steel.&#160;&#160;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.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">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. Despite recovery of the market for our products since the latter part of 2009, 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, the pace of new vehicle introduction and demand for price reductions may make it more difficult to maintain long-term supply arrangements with our customers, and there are no guarantees that we will be able to negotiate supply arrangements on terms acceptable to us in the future.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">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 more difficult to reduce our costs. It is also possible that as we incur costs to implement improvement strategies, the initial impact on our financial position, results of operations and cash flow may be negative.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The raw materials used in producing our products are readily available and are obtained through numerous suppliers with whom we have established trade relations.</font></div></div>
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-8286000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-4051000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-6361000 USD
CY2012Q2 us-gaap Liability For Uncertain Tax Positions Noncurrent
LiabilityForUncertainTaxPositionsNoncurrent
29212000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
34564000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
9316000 USD
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
6414000 USD
us-gaap Net Income Loss
NetIncomeLoss
22754000 USD
CY2011Q2 us-gaap Net Income Loss
NetIncomeLoss
14700000 USD
us-gaap Net Income Loss
NetIncomeLoss
13147000 USD
CY2012Q2 us-gaap Noncurrent Assets
NoncurrentAssets
142237000 USD
CY2011Q4 us-gaap Noncurrent Assets
NoncurrentAssets
145747000 USD
CY2011Q4 us-gaap Nontrade Receivables
NontradeReceivables
5423000 USD
CY2012Q2 us-gaap Nontrade Receivables
NontradeReceivables
4125000 USD
CY2011Q4 us-gaap Notes And Loans Receivable Gross Current
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CY2012Q2 us-gaap Notes And Loans Receivable Gross Current
NotesAndLoansReceivableGrossCurrent
129228000 USD
CY2012Q2 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
128529000 USD
CY2011Q4 us-gaap Notes And Loans Receivable Net Current
NotesAndLoansReceivableNetCurrent
119895000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
23038000 USD
CY2011Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
12853000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
18449000 USD
CY2012Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
8226000 USD
CY2011Q4 us-gaap Other Assets Current
OtherAssetsCurrent
12785000 USD
CY2012Q2 us-gaap Other Assets Current
OtherAssetsCurrent
7963000 USD
CY2012Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
22550000 USD
CY2011Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
21681000 USD
CY2011Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
366000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-1104000 USD
CY2012Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-3441000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
2861000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1025000 USD
CY2011Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
366000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1025000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
2861000 USD
CY2012Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-3402000 USD
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OtherComprehensiveIncomeLossReclassificationPensionAndOtherPostretirementBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostTax
0 USD
us-gaap Other Comprehensive Income Loss Reclassification Pension And Other Postretirement Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Tax
OtherComprehensiveIncomeLossReclassificationPensionAndOtherPostretirementBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostTax
52000 USD
CY2011Q2 us-gaap Other Comprehensive Income Loss Reclassification Pension And Other Postretirement Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Tax
OtherComprehensiveIncomeLossReclassificationPensionAndOtherPostretirementBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostTax
0 USD
CY2012Q2 us-gaap Other Comprehensive Income Loss Reclassification Pension And Other Postretirement Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Tax
OtherComprehensiveIncomeLossReclassificationPensionAndOtherPostretirementBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostTax
26000 USD
us-gaap Other Comprehensive Income Reclassification Of Defined Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Before Tax
OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostBeforeTax
131000 USD
us-gaap Other Comprehensive Income Reclassification Of Defined Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Before Tax
OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostBeforeTax
0 USD
CY2012Q2 us-gaap Other Comprehensive Income Reclassification Of Defined Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Before Tax
OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostBeforeTax
65000 USD
CY2011Q2 us-gaap Other Comprehensive Income Reclassification Of Defined Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Before Tax
OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostBeforeTax
0 USD
CY2011Q2 us-gaap Other Comprehensive Income Reclassification Of Defined Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Net Of Tax
OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostNetOfTax
0 USD
CY2012Q2 us-gaap Other Comprehensive Income Reclassification Of Defined Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Net Of Tax
OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostNetOfTax
39000 USD
us-gaap Other Comprehensive Income Reclassification Of Defined Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Net Of Tax
OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostNetOfTax
0 USD
us-gaap Other Comprehensive Income Reclassification Of Defined Benefit Plans Net Gain Loss Recognized In Net Periodic Benefit Cost Net Of Tax
OtherComprehensiveIncomeReclassificationOfDefinedBenefitPlansNetGainLossRecognizedInNetPeriodicBenefitCostNetOfTax
79000 USD
CY2012Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
31140000 USD
CY2011Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
31064000 USD
CY2011Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
434000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
337000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1125000 USD
CY2012Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-4000 USD
us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
0 USD
us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
450000 USD
CY2011 us-gaap Payments For Advance To Affiliate
PaymentsForAdvanceToAffiliate
450000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-74000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-240000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
8665000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
8703000 USD
us-gaap Payments To Acquire Life Insurance Policies
PaymentsToAcquireLifeInsurancePolicies
0 USD
us-gaap Payments To Acquire Life Insurance Policies
PaymentsToAcquireLifeInsurancePolicies
217000 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
3973000 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
2808000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8661000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
9480000 USD
CY2012Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00
CY2011Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00
CY2012Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2011Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2011Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2012Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2011Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2012Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2012Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2011Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2011Q4 us-gaap Preproduction Costs Related To Long Term Supply Arrangements Asset For Molds Dies And Tools Not Owned
PreproductionCostsRelatedToLongTermSupplyArrangementsAssetForMoldsDiesAndToolsNotOwned
42118000 USD
CY2012Q2 us-gaap Preproduction Costs Related To Long Term Supply Arrangements Asset For Molds Dies And Tools Not Owned
PreproductionCostsRelatedToLongTermSupplyArrangementsAssetForMoldsDiesAndToolsNotOwned
45666000 USD
us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
0 USD
us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
1726000 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
3142000 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
20757000 USD
us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
0 USD
us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
2867000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
16.92
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4341000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
417000 USD
CY2012Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
482161000 USD
CY2011Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
474986000 USD
CY2011Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
145747000 USD
CY2012Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
142237000 USD
CY2011Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
119895000 USD
CY2012Q2 us-gaap Receivables Net Current
ReceivablesNetCurrent
128529000 USD
CY2011Q4 us-gaap Restricted Cash And Investments Current
RestrictedCashAndInvestmentsCurrent
5100000 USD
CY2012Q2 us-gaap Restricted Cash And Investments Current
RestrictedCashAndInvestmentsCurrent
4800000 USD
CY2011Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
457340000 USD
CY2012Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
461782000 USD
us-gaap Revenue Recognition Deferred Revenue
RevenueRecognitionDeferredRevenue
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">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.</font></div></div>
us-gaap Revenues
Revenues
417510000 USD
us-gaap Revenues
Revenues
398268000 USD
CY2011Q2 us-gaap Revenues
Revenues
208734000 USD
CY2012Q2 us-gaap Revenues
Revenues
215053000 USD
CY2012Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
215053000 USD
CY2011Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
208734000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
398268000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
417510000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
22.47
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0375
CY2011Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
6354000 USD
CY2012Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
7490000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
5.11
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
485000 shares
CY2011Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
516000 shares
CY2012Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27307000 shares
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
14375000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
13046000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
33550 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
28250 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0386
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.377
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.412
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0137
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0265
CY2012Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
3500000 shares
CY2012Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2100000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
32000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
65050 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
273200 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
237500 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
5.75
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y11M
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y11M
CY2012Q2 us-gaap Short Term Investments
ShortTermInvestments
4791000 USD
CY2011Q4 us-gaap Short Term Investments
ShortTermInvestments
5126000 USD
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
273723 shares
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
27325 shares
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
417000 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
460515000 USD
CY2012Q2 us-gaap Stockholders Equity
StockholdersEquity
465350000 USD
CY2011Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
33100000 USD
CY2012Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
29200000 USD
us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
900000 USD
us-gaap Unrecognized Tax Benefits Increases Resulting From Foreign Currency Translation
UnrecognizedTaxBenefitsIncreasesResultingFromForeignCurrencyTranslation
400000 USD
us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
1100000 USD
us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
-3900000 USD
CY2012Q2 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
6300000 USD
CY2012Q2 us-gaap Unrecorded Unconditional Purchase Obligation Due In Remainder Of Fiscal Year
UnrecordedUnconditionalPurchaseObligationDueInRemainderOfFiscalYear
2500000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">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.&#160;&#160;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.</font></div></div>
CY2012Q2 us-gaap Valuation Allowance Amount
ValuationAllowanceAmount
2500000 USD
CY2010Q4 us-gaap Valuation Allowance Amount
ValuationAllowanceAmount
43300000 USD
CY2011Q2 us-gaap Valuation Allowance Amount
ValuationAllowanceAmount
35900000 USD
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
123000 shares
CY2012Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
98000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27313000 shares
CY2011Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27561000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
27440000 shares
CY2012Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27209000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
26955000 shares
sup Award Expiration Term
AwardExpirationTerm
P10Y
CY2012Q2 sup Capitalized Share Based Compensation Cost
CapitalizedShareBasedCompensationCost
0 USD
CY2011Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27045000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
27190000 shares
sup Advance To Affiliate Repayment Term
AdvanceToAffiliateRepaymentTerm
24 months
sup Advance To Affiliate Stated Annual Interest Rate
AdvanceToAffiliateStatedAnnualInterestRate
0.07
CY2011 sup Affiliate Borrowings
AffiliateBorrowings
1500000 USD
CY2010Q2 sup Agreement To Acquire Minority Interest In Synergies Date
AgreementToAcquireMinorityInterestInSynergiesDate
2010-06-28
CY2011Q4 sup Capitalized Share Based Compensation Cost
CapitalizedShareBasedCompensationCost
0 USD
CY2012Q2 sup Deferred Tax Assets Decrease
DeferredTaxAssetsDecrease
4200000 USD
CY2012 sup Defined Benefit Plan Expected Benefit Payments Current Fiscal Year
DefinedBenefitPlanExpectedBenefitPaymentsCurrentFiscalYear
1300000 USD
CY2011Q3 sup Effective Date Change From Equity Method To Cost Method Of Accounting For Synergies
EffectiveDateChangeFromEquityMethodToCostMethodOfAccountingForSynergies
2011-09-23
CY2011Q3 sup Equity Method Accounting For Synergies Final Date
EquityMethodAccountingForSynergiesFinalDate
2011-09-22
CY2012Q2 sup Foreign Currency Exchange Rate Mexican Peso To Us Dollar Percentage Change In Period
ForeignCurrencyExchangeRateMexicanPesoToUSDollarPercentageChangeInPeriod
-0.07
CY2012Q1 sup Foreign Currency Exchange Rate Mexican Peso To Us Dollar Percentage Change In Period
ForeignCurrencyExchangeRateMexicanPesoToUSDollarPercentageChangeInPeriod
0.07
sup Frequency Of Interest Payment
FrequencyOfInterestPayment
quarterly
sup Full Value Awards Maximum Number Of Shares Authorized Under Plan
FullValueAwardsMaximumNumberOfSharesAuthorizedUnderPlan
100000 shares
CY2011Q2 sup Income Taxes Income Allocation Change In Estimate
IncomeTaxesIncomeAllocationChangeInEstimate
-6000000 USD
CY2012Q2 sup Investment Owned Percent Of Shares Outstanding
InvestmentOwnedPercentOfSharesOutstanding
0.126
CY2011Q4 sup Land And Buildings
LandAndBuildings
67500000 USD
CY2012Q2 sup Land And Buildings
LandAndBuildings
67988000 USD
CY2012Q3 sup Observations Letter Of2007 Tax Audit Date Received
ObservationsLetterOf2007TaxAuditDateReceived
2012-07-18
sup Percentage Of Total Revenues From Ford Gm Chrysler Nissan And Toyota
PercentageOfTotalRevenuesFromFordGmChryslerNissanAndToyota
0.93
sup Percentage Of Total Revenues From Ford Gm Chrysler Nissan And Toyota
PercentageOfTotalRevenuesFromFordGmChryslerNissanAndToyota
0.93
CY2012Q2 sup Preproduction Costs Accumulated Amortization
PreproductionCostsAccumulatedAmortization
34890000 USD
CY2011Q4 sup Preproduction Costs Accumulated Amortization
PreproductionCostsAccumulatedAmortization
31548000 USD
CY2011Q4 sup Preproduction Costs Net
PreproductionCostsNet
10570000 USD
CY2012Q2 sup Preproduction Costs Net
PreproductionCostsNet
10776000 USD
sup Share Based Compensation Arrangement Minimum Award Vesting Period
ShareBasedCompensationArrangementMinimumAwardVestingPeriod
P3Y
CY2012Q2 sup Share Based Compensation Arrangement Minimum Award Vesting Period
ShareBasedCompensationArrangementMinimumAwardVestingPeriod
P3Y
CY2012Q1 sup Tax Authority Disclosure Notice For2004 Audit Date Recieved
TaxAuthorityDisclosureNoticeFor2004AuditDateRecieved
2012-02-21
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-30
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Document Period End Date
DocumentPeriodEndDate
2012-06-24
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000095552
CY2012Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
27226638 shares
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
SUPERIOR INDUSTRIES INTERNATIONAL INC
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No

Files In Submission

Name View Source Status
0000095552-12-000020-index-headers.html Edgar Link pending
0000095552-12-000020-index.html Edgar Link pending
0000095552-12-000020.txt Edgar Link pending
0000095552-12-000020-xbrl.zip Edgar Link pending
ex3116242012.htm Edgar Link pending
ex3126242012.htm Edgar Link pending
ex3216242012.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
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report.css Edgar Link pending
Show.js Edgar Link pending
sup-20120624.xml Edgar Link completed
sup-20120624.xsd Edgar Link pending
sup-20120624_cal.xml Edgar Link unprocessable
sup-20120624_def.xml Edgar Link unprocessable
sup-20120624_lab.xml Edgar Link unprocessable
sup-20120624_pre.xml Edgar Link unprocessable
sup10q62412.htm Edgar Link pending