Company: SSUP
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0000950170-25-034599
Chunk: 74

Company: SUPERIOR INDUSTRIES INTERNATIONAL INC
Filing Date: 2025-03-06
Form: 10-K
Item: Item 1B
Chunk 74
---
 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 tax

    1,209

    (739
    )

    Other comprehensive income (loss), net of tax

    (76,180
    )

    66,978

    Comprehensive income (loss)
     
    $
    (154,362
    )
     
    $
    (25,874
    )

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

39

SUPERIOR INDUSTRIES INTERNATIONAL, INC. 

CONSOLIDATED BALANCE SHEETS 

(Dollars in thousands