Company: SSUP
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000950170-25-034599
Chunk: 155

Company: SUPERIOR INDUSTRIES INTERNATIONAL INC
Filing Date: 2025-03-06
Form: 10-K
Item: Item 8
Chunk 155
---

    29,252

    (51,448
    )

    Interest expense, net

    (67,105
    )

    (62,140
    )

    Loss on extinguishment of debt

    (13,052
    )

    —

    Other income (expense), net

    (1,776
    )

    (3,210
    )

    INCOME (LOSS) BEFORE INCOME TAXES

    (52,681
    )

    (116,798
    )

    Income tax (provision) benefit

    (25,501
    )

    23,946

    NET INCOME (LOSS)
     
    $
    (78,182
    )
     
    $
    (92,852
    )

    EARNINGS (LOSS) PER SHARE – BASIC
     
    $
    (4.25
    )
     
    $
    (4.73
    )

    EARNINGS (LOSS) PER SHARE – DILUTED
     
    $
    (4.25
    )
     
    $
    (4.73
    )

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

38

SUPERIOR INDUSTRIES INTERNATIONAL, INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

(Dollars in thousands) 

    Fiscal Year Ended December 31,
     
    2024

    2023

    Net income (loss)
     
    $
    (78,182
    )
     
    $
    (92,852
    )

    Other comprehensive income (loss), net of tax:

    Foreign currency translation gain (loss), net of tax

    (45,176
    )

    27,702

    Change in unrecognized gains (losses) on derivative instruments:

    Change in fair value of derivatives

    (42,448
    )

    50,456

    Tax (provision) benefit

    10,235

    (10,441
    )

    Change in unrecognized gains (losses) on derivative instruments, net of tax

    (32,213
    )

    40,015

    Defined benefit pension plan:

    Amortization of actuarial losses on pension obligation

    1,360

    (739
    )

    Tax (provision) benefit

    (151
    )

    —

    Pension changes, net of