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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 26,348 $ 32,526
Accounts receivable, less allowances for discounts and expected credit losses of $8,697 and $8,045 for 2024 and 2023, respectively 217,130 160,282
Inventories 503,015 507,075
Unreturned customer inventories 17,843 18,240
Prepaid expenses and other current assets 28,873 26,100
Total current assets 793,209 744,223
Property, plant and equipment, net of accumulated depreciation of $271,556 and $259,656 for 2024 and 2023, respectively 138,490 121,872
Operating lease right-of-use assets 96,039 100,065
Goodwill 134,725 134,729
Other intangibles, net 85,837 92,308
Deferred income taxes 45,315 40,533
Investments in unconsolidated affiliates 23,914 24,050
Other assets 33,012 35,267
Total assets 1,350,541 1,293,047
CURRENT LIABILITIES:    
Current portion of term loan and other debt 2,685 5,029
Accounts payable 112,404 107,455
Sundry payables and accrued expenses 69,666 63,303
Accrued customer returns 62,326 38,238
Accrued core liability 15,226 18,399
Accrued rebates 53,163 42,278
Payroll and commissions 37,050 29,561
Total current liabilities 352,520 304,263
Long-term debt 140,163 151,182
Noncurrent operating lease liabilities 86,259 88,974
Other accrued liabilities 28,611 25,742
Accrued asbestos liabilities 89,544 72,013
Total liabilities 697,097 642,174
Commitments and contingencies
Stockholders’ equity:    
Authorized – 30,000,000 shares; issued 23,936,036 shares 47,872 47,872
Capital in excess of par value 103,818 101,751
Retained earnings 583,919 573,226
Accumulated other comprehensive income (9,574) (5,974)
Treasury stock – at cost (2,215,186 shares and 2,018,982 shares in 2024 and 2023, respectively) (87,202) (81,811)
Total SMP stockholders’ equity 638,833 635,064
Noncontrolling interest 14,611 15,809
Total stockholders’ equity 653,444 650,873
Total liabilities and stockholders’ equity $ 1,350,541 $ 1,293,047