Company: SSUP
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000950170-25-034599
Chunk: 170

Company: SUPERIOR INDUSTRIES INTERNATIONAL INC
Filing Date: 2025-03-06
Form: 10-K
Item: Item 8
Chunk 170
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 assets include long-lived assets and intangible assets, which may be written down to fair value as a result of impairment. The Company did not recognize any impairment charges for the years ended December 31, 2024 and 2023.  Financial Instruments Not Carried at Fair ValueDebt Instruments The carrying values of the Company’s debt instruments vary from their fair values. The fair values are determined by reference to quoted prices for similar instruments (Level 2). The estimated fair value, as well as the carrying value, of the Company’s debt instruments are shown below: 

        December 31,2024

        December 31,2023

        Estimated fair value
         
        $
        531,461

        $
        627,008

        Carrying value

        489,388

        615,954

NOTE 4 - BUSINESS SEGMENTS The Company's North American and European operations represent separate operating segments due to the different markets, customers, and products between these regions. Within each of these regions, markets, customers, products, and production processes are similar. Moreover, business within each region leverages common systems, processes, and infrastructure. Accordingly, North America and Europe comprise the Company’s reportable segments.The Company’s chief operating decision maker (CODM) is the Chief Executive Officer. The CODM uses income (loss) from operations as the key performance measure of segment profit or loss and uses the measure in its annual budgeting and ongoing forecasting process to effectively allocate resources. Income (loss) from operations is also reported on the consolidated statement of income (loss).   The CODM uses income (loss) from operations to evaluate the operating performance of the Company’s operating segments by considering variances to budget, prior forecasts, and prior year performance on a monthly basis when making decisions about how to allocate capital, personnel, and other resources to each segment.   

49

Segment operating results are as follows:  

        Year Ended December 31,

        2024

        2023

        North America

        Europe

        Total

        North America

        Europe

        Total

        Net Sales
        $
        786,124

        $
        481,220

        $
        1,267,344

        $
        794,386

        $
        590,897

        $
        1,385,283

        Less:

        Aluminum and other material costs
         
        415,786

        194,850