XML 99 R80.htm IDEA: XBRL DOCUMENT v3.24.0.1
Accumulated Other Comprehensive Income, Reclassifications Out of Accumulated Other Comprehensive Income (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Details About Accumulated Other Comprehensive Income Components [Abstract]      
Interest expense $ 13,287 $ 10,617 $ 2,028
Other non-operating income, net 2,326 4,814 3,494
Earnings from continuing operations before taxes 81,716 98,332 130,465
Income tax expense (benefit) 18,368 25,206 31,044
Net earnings attributable to SMP [1] 34,148 55,351 $ 90,886
Reclassification out of Accumulated Other Comprehensive Income [Member]      
Details About Accumulated Other Comprehensive Income Components [Abstract]      
Earnings from continuing operations before taxes (2,394) 10  
Income tax expense (benefit) (626) (1)  
Net earnings attributable to SMP (1,768) 11  
Unrealized Derivative Gains (Losses) [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]      
Details About Accumulated Other Comprehensive Income Components [Abstract]      
Interest expense [2] (2,372) 35  
Unrecognized Postretirement Benefit Costs (Credit) [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]      
Details About Accumulated Other Comprehensive Income Components [Abstract]      
Other non-operating income, net [3] $ (22) $ (25)  
[1] Throughout this Form 10-K, “SMP” refers to Standard Motor Products, Inc. and subsidiaries.
[2] 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.
[3] 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 (expense), net in our consolidated statements of operations (see Note 15, “Employee Benefits,” for additional information).