XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash and cash equivalents $ 27,453 $ 19,488
Accounts receivable, less allowances for discounts and doubtful accounts of $6,218 and $5,822 for 2021 and 2020, respectively 211,778 198,039
Inventories 404,876 345,502
Unreturned customer inventories 22,070 19,632
Prepaid expenses and other current assets 14,492 15,875
Total current assets 680,669 598,536
Property, plant and equipment, net of accumulated depreciation of $222,302 and $214,394 for 2021 and 2020, respectively 96,762 89,105
Operating lease right-of-use assets 39,095 29,958
Goodwill 126,893 77,837
Other intangibles, net 105,462 54,004
Deferred income taxes 38,915 44,770
Investments in unconsolidated affiliates 42,070 40,507
Other assets 25,409 21,823
Total assets 1,155,275 956,540
CURRENT LIABILITIES:    
Notes payable 135,000 10,000
Current portion of other debt 2,397 135
Accounts payable 119,632 100,018
Sundry payables and accrued expenses 42,410 47,078
Accrued customer returns 53,062 40,982
Accrued core liability 23,318 22,014
Accrued rebates 41,885 46,437
Payroll and commissions 29,363 35,938
Total current liabilities 447,067 302,602
Long-term debt 80 97
Noncurrent operating lease liabilities 30,495 22,450
Other accrued liabilities 28,481 25,929
Accrued asbestos liabilities 54,035 55,226
Total liabilities 560,158 406,304
Commitments and contingencies
Stockholders' equity:    
Common stock - par value $2.00 per share: Authorized - 30,000,000 shares; issued 23,936,036 shares 47,872 47,872
Capital in excess of par value 107,062 105,084
Retained earnings 500,620 463,612
Accumulated other comprehensive income (5,102) (5,676)
Treasury stock - at cost (1,715,406 shares and 1,586,923 shares in 2021 and 2020, respectively) (66,836) (60,656)
Total SMP stockholders' equity 583,616 550,236
Noncontrolling interest 11,501 0
Total stockholders' equity 595,117 550,236
Total liabilities and stockholders' equity $ 1,155,275 $ 956,540