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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Net sales $ 399,265 $ 386,413 $ 1,120,497 $ 1,067,516
Cost of sales 277,899 271,653 798,162 760,220
Gross profit 121,366 114,760 322,335 307,296
Selling, general and administrative expenses 81,204 79,781 239,822 223,257
Restructuring and integration expenses 3,023 177 5,774 1,383
Other income (expense), net 0 4 5 74
Operating income 37,139 34,806 76,744 82,730
Other non-operating income, net 2,129 1,732 5,147 2,759
Interest expense 3,145 3,621 7,964 10,766
Total before income tax 36,123 32,917 73,927 74,723
Income tax expense 9,267 7,995 18,718 18,656
Earnings from continuing operations 26,856 24,922 55,209 56,067
Loss from discontinued operations, net of income taxes (22,771) (18,200) (24,727) (28,201)
Net earnings 4,085 6,722 30,482 27,866
Net earnings attributable to noncontrolling interest 275 63 785 152
Net earnings attributable to SMP [1] 3,810 6,659 29,697 27,714
Net earnings (loss) attributable to SMP        
Continuing operations 26,581 24,859 54,424 55,915
Discontinued operations (22,771) (18,200) (24,727) (28,201)
Net earnings attributable to SMP [1] $ 3,810 $ 6,659 $ 29,697 $ 27,714
Basic:        
Continuing operations (in dollars per share) $ 1.22 $ 1.14 $ 2.50 $ 2.58
Discontinued operations (in dollars per share) (1.04) (0.83) (1.14) (1.30)
Net earnings attributable to SMP per common share (in dollars per share) 0.18 0.31 1.36 1.28
Diluted:        
Continuing operations (in dollars per share) 1.20 1.12 2.45 2.52
Discontinued operations (in dollars per share) (1.03) (0.82) (1.11) (1.27)
Net earnings attributable to SMP per common share (in dollars per share) 0.17 0.30 1.34 1.25
Dividend declared per common share (in dollars shares) $ 0.29 $ 0.29 $ 0.87 $ 0.87
Weighted average number of common shares, basic (in shares) 21,716,083 21,727,119 21,802,164 21,675,699
Weighted average number of common shares, diluted (in shares) 22,154,222 22,253,723 22,225,444 22,198,131
[1] Throughout this Form 10-Q, “SMP” refers to Standard Motor Products, Inc. and subsidiaries.