XML 44 R34.htm IDEA: XBRL DOCUMENT v3.22.2
Accumulated Other Comprehensive Income (Tables)
 6 Months Ended
Jun. 30, 2022
Accumulated Other Comprehensive Income [Abstract]  
Changes in Accumulated Other Comprehensive Income by Component
Changes in Accumulated Other Comprehensive Income by Component (in thousands)

   
Three Months Ended June 30, 2022
  
   
Foreign
Currency
Translation
    
Unrecognized
Postretirement
Benefit Costs
(Credit)
    
Unrealized
derivative
gains
(losses)
    
Total
  
Balance at March 31, 2022  attributable to SMP
  
$
(8,862
)
  
$
47
    
$
—
    
$
(8,815
)
Other comprehensive income before reclassifications
    
(6,464
)
    
—
      
4
 (1)     
(6,460
)
Amounts reclassified from accumulated other comprehensive income
    
—
      
(4
)
    
101
      
97
  
Other comprehensive income, net
    
(6,464
)
    
(4
)
    
105
      
(6,363
)
Balance at June 30, 2022 attributable to SMP
  
$
(15,326
)
  
$
43
    
$
105
    
$
(15,178
)

   
Six Months Ended June 30, 2022
  
   
Foreign
Currency
Translation
    
Unrecognized
Postretirement
Benefit Costs
(Credit)
    
Unrealized
derivative
gains
(losses)
    
Total
  
Balance at December 31, 2021 attributable to SMP
  
$
(8,221
)
  
$
52
    
$
—
    
$
(8,169
)
Other comprehensive income before reclassifications
    
(7,105
)
    
—
      
4
 (1)     
(7,101
)
Amounts reclassified from accumulated other comprehensive income
    
—
      
(9
)
    
101
      
92
  
Other comprehensive income, net
    
(7,105
)
    
(9
)
    
105
      
(7,009
)
Balance at June 30, 2022 attributable to SMP
  
$
(15,326
)
  
$
43
    
$
105
    
$
(15,178
)

 
(1)
 Consists of the unrecognized gain relating to the change in fair value of the cash flow interest rate hedge of $137,000 ($102,000, net of tax) in the three months and six months ended June 30, 2022, net of cash settlements payments of $132,000 ($98,000, net of tax) in the three months and six months ended June 30, 2022.
Reclassifications Out of Accumulated Other Comprehensive Income
Reclassifications Out of Accumulated Other Comprehensive Income (in thousands)

 
  
Three Months
Ended June 30,
    
Six Months
Ended June 30,
  
Details About Accumulated Other Comprehensive Income Components  
2022
    
2022
  
Derivative cash flow hedge:
            
Unrecognized gain (loss) (1)
  
$
136
    
$
136
  
Postretirement Benefit Plans:
                
Unrecognized gain (loss) (2)
    
(6
)
    
(13
)
Total before income tax
    
130
      
123
  
Income tax expense
    
33
      
31
  
Total reclassifications attributable to SMP
  
$
97
    
$
92
  

 
(1)
Unrecognized accumulated other comprehensive income (loss) related to the cash flow interest rate hedge is reclassified to earnings and reported as part of interest expense in our consolidated statements of operations when the interest payments on the underlying borrowings are recognized.

 
(2)
Unrecognized accumulated other comprehensive income (loss) related to our post retirement plans is reclassified to earnings and included in the computation of net periodic postretirement benefit costs, which are included in other non-operating income, net in our consolidated statements of operations (see Note 12, “Employee Benefits,” for additional information).