XML 13 R2.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]        
Net sales [1] $ 342,076 $ 247,939 $ 618,629 $ 502,241
Cost of sales 242,804 183,581 435,573 367,488
Gross profit 99,272 64,358 183,056 134,753
Selling, general and administrative expenses 62,347 48,328 116,807 104,201
Restructuring and integration expenses 0 9 0 214
Other income, net 0 0 0 6
Operating income 36,925 16,021 66,249 30,344
Other non-operating income, net 832 602 1,467 78
Interest expense 495 772 704 1,645
Earnings from continuing operations before taxes 37,262 15,851 67,012 28,777
Provision for income taxes 9,248 4,009 16,834 7,314
Earnings from continuing operations 28,014 11,842 50,178 21,463
Loss from discontinued operations, net of income taxes (853) (875) (2,017) (1,869)
Net earnings 27,161 10,967 48,161 19,594
Net earnings attributable to noncontrolling interest 19 0 19 0
Net earnings attributable to SMP 27,142 10,967 48,142 19,594
Net earnings attributable to SMP        
Earnings from continuing operations 27,995 11,842 50,159 21,463
Discontinued operations (853) (875) (2,017) (1,869)
Net earnings attributable to SMP $ 27,142 $ 10,967 $ 48,142 $ 19,594
Net earnings per common share - Basic:        
Earnings from continuing operations (in dollars per share) $ 1.26 $ 0.53 $ 2.25 $ 0.96
Discontinued operations (in dollars per share) (0.04) (0.04) (0.09) (0.08)
Net earnings per common share attributable to SMP 1.22 0.49 2.16 0.88
Net earnings per common share - Diluted:        
Earnings from continuing operations (in dollars per share) 1.23 0.52 2.21 0.94
Discontinued operations (in dollars per share) (0.03) (0.04) (0.09) (0.08)
Net earnings per common share attributable to SMP 1.20 0.48 2.12 0.86
Dividend declared per share (in dollars per share) $ 0.25 $ 0 $ 0.50 $ 0.25
Average number of common shares (in shares) 22,198,545 22,330,476 22,257,922 22,384,281
Average number of common shares and dilutive common shares (in shares) 22,686,384 22,718,680 22,741,171 22,793,606
[1] Segment net sales include intersegment sales in our Engine Management and Temperature Control segments.