XML 52 R21.htm IDEA: XBRL DOCUMENT v3.25.0.1
Accumulated Other Comprehensive Income Attributable to SMP
 12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
Accumulated Other Comprehensive Income Attributable to SMP Accumulated Other Comprehensive Income Attributable to SMP
Changes in Accumulated Other Comprehensive Income by Component (in thousands):
Foreign
Currency
Translation
Cash Flow HedgesPostretirement Benefit PlansTotal
Balance at December 31, 2022$(16,330)$3,823 $37 $(12,470)
Other comprehensive income before reclassifications7,433 831 
(a)
— 8,264 
Amounts reclassified from accumulated other comprehensive income— (2,372)
(b)
(22)
(c)
(2,394)
Net other comprehensive income (loss)7,433 (1,541)(22)5,870 
Tax amounts— 617 9 626 
Balance at December 31, 2023$(8,897)$2,899 $24 $(5,974)
Other comprehensive income before reclassifications(23,385)2,893 
(a)
— (20,492)
Amounts reclassified from accumulated other comprehensive income— (2,524)
(b)
(18)
(c)
(2,542)
Net other comprehensive income (loss)(23,385)369 (18)(23,034)
Tax amounts2,513 656 7 3,176 
Balance at December 31, 2024$(29,769)$3,924 $13 $(25,832)
(a) Consists of the unrecognized gain relating to the change in fair value of the cash flow interest rate hedges of $1.4 million ($1.0 million, net of tax) plus cash settlement receipts of $2.5 million ($1.9 million, net of tax) in the year ended December 31, 2024; and the unrecognized loss relating to the change in fair value of the cash flow interest rate hedge of $1.2 million ($0.9 million, net of tax) plus cash settlement receipts of $2.4 million ($1.7 million, net of tax) in the year ended December 31, 2023.
(b) 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.
(c) Unrecognized accumulated other comprehensive income (loss) related to our post retirement plans is reclassified to earnings and included in the computation of net periodic postretirement benefit costs, which are included in other non-operating income (expense), net in our consolidated statements of operations.