XML 30 R19.htm IDEA: XBRL DOCUMENT v3.21.2
Earnings Per Share
 9 Months Ended
Sep. 30, 2021
Earnings Per Share [Abstract]  
Earnings Per Share
Note 12.  Earnings Per Share

The following are reconciliations of the net earnings attributable to SMP and the shares used in calculating basic and dilutive net earnings per common share attributable to SMP (in thousands, except per share data):

 
Three Months Ended
September 30,
    
Nine Months Ended
September 30,
  
   
2021
    
2020
    
2021
    
2020
  
Net Earnings Attributable to SMP -
                        
Earnings from continuing operations
  
$
29,172
    
$
36,212
    
$
79,331
    
$
57,675
  
Loss from discontinued operations
    
(5,122
)
    
(7,587
)
    
(7,139
)
    
(9,456
)
Net earnings attributable to SMP
  
$
24,050
    
$
28,625
    
$
72,192
    
$
48,219
  
                                 
Basic Net Earnings Per Common Share Attributable to SMP -
                                
Earnings from continuing operations per
common share
  
$
1.32
    
$
1.62
    
$
3.57
    
$
2.58
  
Loss from discontinued operations per common share
    
(0.23
)
    
(0.34
)
    
(0.32
)
    
(0.42
)
Net earnings per common share attributable to SMP
  
$
1.09
    
$
1.28
    
$
3.25
    
$
2.16
  
                                 
Weighted average common shares outstanding
    
22,090
      
22,349
      
22,201
      
22,372
  
                                 
Diluted Net Earnings Per Common Share Attributable to SMP -
                                
Earnings from continuing operations per common share
  
$
1.29
    
$
1.59
    
$
3.50
    
$
2.53
  
Loss from discontinued operations per common share
    
(0.22
)
    
(0.33
)
    
(0.32
)
    
(0.41
)
Net earnings per common share attributable to SMP
  
$
1.07
    
$
1.26
    
$
3.18
    
$
2.12
  
                                 
Weighted average common shares outstanding
    
22,090
      
22,349
      
22,201
      
22,372
  
Plus incremental shares from assumed conversions:
                                
Dilutive effect of restricted stock and performance-based stock
    
454
      
409
      
477
      
423
  
Weighted average common shares outstanding –
Diluted
    
22,544
      
22,758
      
22,678
      
22,795
  

The shares listed below were not included in the computation of diluted net earnings per common share attributable to SMP because to do so would have been anti-dilutive for the periods presented or because they were excluded under the treasury method (in thousands):

 
  
Three Months Ended
September 30,
    
Nine Months Ended
September 30,
  
 
  
2021
    
2020
    
2021
    
2020
  
Restricted and performance-based shares
    
291
      
268
      
277
      
271