XML 32 R22.htm IDEA: XBRL DOCUMENT
v3.23.2

Earnings Per Share | 6 Months Ended
--- | ---
Jun. 30, 2023
Earnings Per Share [Abstract] |
Earnings Per Share | Note 15. 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 June 30, |  |  | Six Months Ended June 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
N et Earnings Attributable to SMP - |  |  |  |  |  |  |  |  |  |  |  |
Earnings from continuing operations |  | $ | 18,358 |  |  | $ | 20,792 |  |  | $ | 31,056 |  |  | $ | 41,354 |
Loss from discontinued operations |  |  | (9,221 | ) |  |  | (1,666 | ) |  |  | (10,001 | ) |  |  | (2,782 | )
Net earnings attributable to SMP |  | $ | 9,137 |  |  | $ | 19,126 |  |  | $ | 21,055 |  |  | $ | 38,572 |
Basic Net Earnings Per Common Share Attributable to SMP - |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Earnings from continuing operations per common share |  | $ | 0.85 |  |  | $ | 0.96 |  |  | $ | 1.43 |  |  | $ | 1.89 |
Loss from discontinued operations per common share |  |  | (0.43 | ) |  |  | (0.08 | ) |  |  | (0.46 | ) |  |  | (0.13 | )
Net earnings per common share attributable to SMP |  | $ | 0.42 |  |  | $ | 0.88 |  |  | $ | 0.97 |  |  | $ | 1.76 |
Weighted average common shares outstanding |  |  | 21,689 |  |  |  | 21,758 |  |  |  | 21,650 |  |  |  | 21,868 |
Diluted Net Earnings Per Common Share Attributable to SMP - |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Earnings from continuing operations per common share |  | $ | 0.83 |  |  | $ | 0.93 |  |  | $ | 1.40 |  |  | $ | 1.85 |
Loss from discontinued operations per common share |  |  | (0.42 | ) |  |  | (0.07 | ) |  |  | (0.45 | ) |  |  | (0.13 | )
Net earnings per common share attributable to SMP |  | $ | 0.41 |  |  | $ | 0.86 |  |  | $ | 0.95 |  |  | $ | 1.72 |
Weighted average common shares outstanding |  |  | 21,689 |  |  |  | 21,758 |  |  |  | 21,650 |  |  |  | 21,868 |
Plus incremental shares from assumed conversions: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Dilutive effect of restricted stock and performance-based stock |  |  | 494 |  |  |  | 498 |  |  |  | 490 |  |  |  | 505 |
Weighted average common shares outstanding – Diluted |  |  | 22,183 |  |  |  | 22,256 |  |  |  | 22,140 |  |  |  | 22,373 |
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 June 30, |  |  | Six Months Ended June 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Restricted and performance-based shares |  |  | 273 |  |  |  | 268 |  |  |  | 286 |  |  |  | 262 |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration