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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 17,525 $ 21,755
Accounts receivable, less allowances for discounts and expected credit losses of $5,900 and $6,170 for 2022 and 2021, respectively 230,442 180,604
Inventories 534,310 468,755
Unreturned customer inventories 21,485 22,268
Prepaid expenses and other current assets 25,911 17,823
Total current assets 829,673 711,205
Property, plant and equipment, net of accumulated depreciation of $234,062 and $227,788 for 2022 and 2021, respectively 104,199 102,786
Operating lease right-of-use assets 47,168 40,469
Goodwill 130,727 131,652
Other intangibles, net 99,756 106,234
Deferred income taxes 34,484 36,126
Investments in unconsolidated affiliates 42,648 44,087
Other assets 30,071 25,402
Total assets 1,318,726 1,197,961
CURRENT LIABILITIES:    
Current portion of revolving credit facility 52,100 125,298
Current portion of term loan and other debt 6,036 3,117
Accounts payable 103,894 137,167
Sundry payables and accrued expenses 54,215 57,182
Accrued customer returns 53,857 42,412
Accrued core liability 23,845 23,663
Accrued rebates 42,378 42,472
Payroll and commissions 37,539 45,058
Total current liabilities 373,864 476,369
Long-term debt 211,400 21
Noncurrent operating lease liabilities 38,618 31,206
Other accrued liabilities 20,637 25,040
Accrued asbestos liabilities 63,820 52,698
Total liabilities 708,339 585,334
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 104,411 105,377
Retained earnings 562,135 532,319
Accumulated other comprehensive income (19,145) (8,169)
Treasury stock - at cost (2,366,339 shares and 1,911,792 shares in 2022 and 2021, respectively) (95,886) (75,819)
Total SMP stockholders' equity 599,387 601,580
Noncontrolling interest 11,000 11,047
Total stockholders' equity 610,387 612,627
Total liabilities and stockholders' equity $ 1,318,726 $ 1,197,961