Company: SSUP
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000950170-25-034599
Chunk: 182

Company: SUPERIOR INDUSTRIES INTERNATIONAL INC
Filing Date: 2025-03-06
Form: 10-K
Item: Item 8
Chunk 182
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 $
        30,549

      The Company's policy regarding interest and penalties related to uncertain tax positions is to record interest and penalties as an element of income tax expense. At the end of 2024 and 2023, the Company had liabilities of $3.8 million and $5.7 million of potential interest and penalties associated with uncertain tax positions.  Included in the unrecognized tax benefits is $1.3 million that, if recognized, would favorably affect the annual effective tax rate. Within the next 12-month period the Company expects a decrease in unrecognized tax benefits as uncertain tax positions continue to expire. Income tax returns are filed in multiple jurisdictions and are subject to examination by tax authorities in various jurisdictions where the Company operates, including open tax years from 2014 to 2023.

NOTE 13 - LEASES The Company has operating and finance leases for office facilities, a data center, vehicles, and certain equipment. Lease expense and cash flow for the years ended December 31, 2024 and 2023 are as follows: 

        Year Ended December 31,
         
        2024

        2023

        Lease Expense

        Finance lease expense:

             Amortization of right-of-use assets
         
        $
        559

        $
        657

             Interest on lease liabilities

        31

        32

        Operating lease expense

        3,300

        2,877

             Total lease expense
         
        $
        3,890

        $
        3,566

        Cash Flow Components

        Cash paid for amounts included in the measurement of lease liabilities:

             Operating cash outflows from finance leases
         
        $
        31

        $
        32

             Operating cash outflows from operating leases

        3,399

        2,937

             Financing cash outflows from finance leases

        623

        746

        Right-of-use assets obtained in exchange for finance lease liabilities,     net of terminations and disposals

        721

        680

        Right-of-use assets obtained in exchange for operating lease liabilities,     net of terminations and disposals

        231

        3,955

59

Operating and finance lease assets and liabilities, average lease term, and average discount rate as of December 31, 2024 and December