XML 69 R56.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Accumulated Other Comprehensive Income Attributable to SMP, Reclassifications Out of Accumulated Other Comprehensive Income (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Details About Accumulated Other Comprehensive Income Components [Abstract]        
Interest expense $ 2,752 $ 3,283 $ 4,819 $ 7,145
Other non-operating income (expense), net 2,199 802 3,018 1,027
Earnings from continuing operations before taxes 24,433 24,697 37,804 41,806
Income tax benefit 6,109 6,289 9,451 10,661
Net earnings attributable to SMP [1] 17,063 $ 9,137 25,887 $ 21,055
Reclassification out of Accumulated Other Comprehensive Income [Member]        
Details About Accumulated Other Comprehensive Income Components [Abstract]        
Earnings from continuing operations before taxes (672)   (1,348)  
Income tax benefit (176)   (352)  
Net earnings attributable to SMP (496)   (996)  
Unrealized Derivative Gains (Losses) [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]        
Details About Accumulated Other Comprehensive Income Components [Abstract]        
Interest expense [2] (668)   (1,339)  
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 (expense), net [3] $ (4)   $ (9)  
[1] Throughout this Form 10-Q, “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 postretirement benefit plans is reclassified to earnings and included in the computation of net periodic postretirement benefit costs, which are included in other non-operating income, net in our consolidated statements of operations (see Note 12, “Employee Benefits,” for additional information).