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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 27,113 $ 32,526
Accounts receivable, less allowances for discounts and expected credit losses of $8,284 and $8,045 in 2024 and 2023, respectively 203,940 160,282
Inventories 520,702 507,075
Unreturned customer inventories 18,007 18,240
Prepaid expenses and other current assets 26,674 26,100
Total current assets 796,436 744,223
Property, plant and equipment, net of accumulated depreciation of $264,168 and $259,656 for 2024 and 2023, respectively 124,822 121,872
Operating lease right-of-use assets 102,060 100,065
Goodwill 134,624 134,729
Other intangibles, net 90,000 92,308
Deferred income taxes 40,241 40,533
Investments in unconsolidated affiliates 24,751 24,050
Other assets 38,627 35,267
Total assets 1,351,561 1,293,047
CURRENT LIABILITIES:    
Current portion of term loan and other debt 5,030 5,029
Accounts payable 98,293 107,455
Sundry payables and accrued expenses 58,714 63,303
Accrued customer returns 47,220 38,238
Accrued core liability 17,438 18,399
Accrued rebates 45,191 42,278
Payroll and commissions 27,326 29,561
Total current liabilities 299,212 304,263
Long-term debt 209,872 151,182
Noncurrent operating lease liabilities 90,667 88,974
Other accrued liabilities 27,704 25,742
Accrued asbestos liabilities 68,985 72,013
Total liabilities 696,440 642,174
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 102,704 101,751
Retained earnings 575,658 573,226
Accumulated other comprehensive income (5,806) (5,974)
Treasury stock - at cost (2,022,276 shares and 2,018,892 shares in 2024 and 2023, respectively) (81,278) (81,811)
Total SMP stockholders' equity 639,150 635,064
Noncontrolling interest 15,971 15,809
Total stockholders' equity 655,121 650,873
Total liabilities and stockholders' equity $ 1,351,561 $ 1,293,047