SUPERIOR GROUP OF COMPANIES, INC. Leases Disclosure
| Years Ended December 31, | ||||||||
| 2025 | 2024 | |||||||
| Operating lease expense | $ | 4,984 | $ | 5,123 | ||||
| Short-term lease expense | 327 | 431 | ||||||
| Total lease expense | $ | 5,311 | $ | 5,554 | ||||
| Years Ended December 31, | ||||||||
| 2025 | 2024 | |||||||
| Operating cash flows – cash paid for operating lease liabilities | $ | 4,752 | $ | 4,481 | ||||
| Non-cash – Operating lease right-of-use assets obtained in exchange for new lease liabilities | $ | 1,333 | $ | 1,533 | ||||
| Years Ended December 31, | ||||||||
| 2025 | 2024 | |||||||
| Weighted-average remaining lease term (in years) | 3.4 | 4.7 | ||||||
| Weighted average discount rate | 6.58 | % | 6.78 | % | ||||
| Operating Leases | ||||
| 2026 | $ | 4,466 | ||
| 2027 | 3,853 | |||
| 2028 | 3,458 | |||
| 2029 | 1,641 | |||
| 2030 | 503 | |||
| Thereafter | - | |||
| Total lease payments | 13,921 | |||
| Less imputed interest | 1,618 | |||
| Present value of lease liabilities | $ | 12,303 |
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Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 3, 2026 | Showing above |
| 2024 | Mar 11, 2025 | |
| 2023 | Mar 14, 2024 | |
| 2022 | Mar 20, 2023 | |
| 2021 | Mar 23, 2022 | |
| 2020 | Mar 3, 2021 | |
| 2019 | Feb 20, 2020 | |
About Leases Disclosures
Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.
Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.