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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 14,186 $ 21,755
Accounts receivable, less allowances for discounts and expected credit losses of $6,012 and $6,170 for 2022 and 2021, respectively 229,657 180,604
Inventories 551,415 468,755
Unreturned customer inventories 21,405 22,268
Prepaid expenses and other current assets 26,198 17,823
Total current assets 842,861 711,205
Property, plant and equipment, net of accumulated depreciation of $234,217 and $227,788 for 2022 and 2021, respectively 104,931 102,786
Operating lease right-of-use assets 39,827 40,469
Goodwill 131,125 131,652
Other intangibles, net 101,649 106,234
Deferred income taxes 34,086 36,126
Investments in unconsolidated affiliates 44,885 44,087
Other assets 27,188 25,402
Total assets 1,326,552 1,197,961
CURRENT LIABILITIES:    
Current portion of revolving credit facility 56,000 125,298
Current portion of term loan and other debt 7,954 3,117
Accounts payable 140,082 137,167
Sundry payables and accrued expenses 49,710 57,182
Accrued customer returns 55,725 42,412
Accrued core liability 23,117 23,663
Accrued rebates 41,647 42,472
Payroll and commissions 35,985 45,058
Total current liabilities 410,220 476,369
Long-term debt 203,500 21
Noncurrent operating lease liabilities 30,039 31,206
Other accrued liabilities 22,119 25,040
Accrued asbestos liabilities 48,025 52,698
Total liabilities 713,903 585,334
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 109,117 105,377
Retained earnings 559,069 532,319
Accumulated other comprehensive income (15,178) (8,169)
Treasury stock - at cost (2,458,247 shares and 1,911,792 shares in 2022 and 2021, respectively) (99,294) (75,819)
Total SMP stockholders' equity 601,586 601,580
Noncontrolling interest 11,063 11,047
Total stockholders' equity 612,649 612,627
Total liabilities and stockholders' equity $ 1,326,552 $ 1,197,961