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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 21,150 $ 21,755
Accounts receivable, less allowances for discounts and expected credit losses of $5,375 and $6,170 in 2022 and 2021, respectively 167,638 180,604
Inventories 528,715 468,755
Unreturned customer inventories 19,695 22,268
Prepaid expenses and other current assets 25,241 17,823
Total current assets 762,439 711,205
Property, plant and equipment, net 107,148 102,786
Operating lease right-of-use assets 49,838 40,469
Goodwill 132,087 131,652
Other intangibles, net 100,504 106,234
Deferred incomes taxes 33,658 36,126
Investments in unconsolidated affiliates 41,745 44,087
Other assets 27,510 25,402
Total assets 1,254,929 1,197,961
CURRENT LIABILITIES:    
Current portion of revolving credit facility 50,000 125,298
Current portion of term loan and other debt 5,031 3,117
Accounts payable 89,247 137,167
Sundry payables and accrued expenses 49,990 57,182
Accrued customer returns 37,169 42,412
Accrued core liability 22,952 23,663
Accrued rebates 37,381 42,472
Payroll and commissions 31,361 45,058
Total current liabilities 323,131 476,369
Long-term debt 184,589 21
Noncurrent operating lease liabilities 40,709 31,206
Other accrued liabilities 22,157 25,040
Accrued asbestos liabilities 63,305 52,698
Total liabilities 633,891 585,334
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 105,615 105,377
Retained earnings 564,242 532,319
Accumulated other comprehensive income (12,470) (8,169)
Treasury stock - at cost (2,350,377 shares and 1,911,792 shares in 2022 and 2021, respectively) (95,239) (75,819)
Total SMP stockholders' equity 610,020 601,580
Noncontrolling Interest 11,018 11,047
Total Stockholders' Equity 621,038 612,627
Total liabilities and stockholders' equity $ 1,254,929 $ 1,197,961