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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 26,156 $ 32,526
Accounts receivable, less allowances for discounts and expected credit losses of $8,672 and $8,045 for 2024 and 2023, respectively 239,317 160,282
Inventories 508,183 507,075
Unreturned customer inventories 18,119 18,240
Prepaid expenses and other current assets 24,880 26,100
Total current assets 816,655 744,223
Property, plant and equipment, net of accumulated depreciation of $265,904 and $259,656 for 2024 and 2023, respectively 131,921 121,872
Operating lease right-of-use assets 99,121 100,065
Goodwill 134,476 134,729
Other intangibles, net 87,597 92,308
Deferred income taxes 40,287 40,533
Investments in unconsolidated affiliates 25,615 24,050
Other assets 38,656 35,267
Total assets 1,374,328 1,293,047
CURRENT LIABILITIES:    
Current portion of term loan and other debt 5,030 5,029
Accounts payable 105,094 107,455
Sundry payables and accrued expenses 66,239 63,303
Accrued customer returns 53,102 38,238
Accrued core liability 16,017 18,399
Accrued rebates 54,280 42,278
Payroll and commissions 32,404 29,561
Total current liabilities 332,166 304,263
Long-term debt 203,162 151,182
Noncurrent operating lease liabilities 88,820 88,974
Other accrued liabilities 29,501 25,742
Accrued asbestos liabilities 66,357 72,013
Total liabilities 720,006 642,174
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 102,738 101,751
Retained earnings 586,407 573,226
Accumulated other comprehensive income (9,462) (5,974)
Treasury stock - at cost (2,223,698 shares and 2,018,982 shares in 2024 and 2023, respectively) (87,537) (81,811)
Total SMP stockholders' equity 640,018 635,064
Noncontrolling interest 14,304 15,809
Total stockholders' equity 654,322 650,873
Total liabilities and stockholders' equity $ 1,374,328 $ 1,293,047