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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Reconciliations of Earnings Available to Common Stockholders and Shares used in Calculating Basic and Dilutive Net Earnings per Common 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 (in thousands, except per share data):

 
 
Three Months Ended
March 31,
 
     2024
     2023
 
Net Earnings Attributable to SMP -
 

   

 
Earnings from continuing operations
 
$
9,863
   
$
12,698
 
Loss from discontinued operations
   
(1,039
)
   
(780
)
Net earnings attributable to SMP
 
$
8,824
   
$
11,918
 
 
               
Basic Net Earnings Per Common Share Attributable to SMP -
   

     

 
Earnings from continuing operations per common share
 
$
0.45
   
$
0.59
 
Loss from discontinued operations per common share
   
(0.05
)
   
(0.04
)
Net earnings per common share attributable to SMP
 
$
0.40
   
$
0.55
 
                 
Weighted average common shares outstanding     21,924       21,610  
 
               
Diluted Net Earnings Per Common Share Attributable to SMP -
               
Earnings from continuing operations per common share
 
$
0.44
   
$
0.57
 
Loss from discontinued operations per common share
   
(0.05
)
   
(0.03
)
Net earnings per common share attributable to SMP
 
$
0.39
   
$
0.54
 
 
               
Weighted average common shares outstanding
   
21,924
     
21,610
 
Plus incremental shares from assumed conversions:
               
Dilutive effect of restricted stock and performance-based stock
   
449
     
488
 
Weighted average common shares outstanding – Diluted
   
22,373
     
22,098
 
Anti-dilutive Securities Excluded from Computation of Earnings per Share
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
March 31,
 
 
 
2024
   
2023
 
Restricted and performance-based shares
   
281
     
298