Earnings Per Share

12 Months Ended

Dec. 31, 2024

We present two calculations of earnings per common share. “Basic” earnings per common share equals net earnings attributable to SMP divided by weighted average common shares outstanding during the period. “Diluted” earnings per common share equals net earnings attributable to SMP divided by the sum of weighted average common shares outstanding during the period plus potentially dilutive common shares. Potentially dilutive common shares that are anti-dilutive are excluded from net earnings per common share.

The following are reconciliations of the net earnings attributable to SMP and the shares used in calculating basic and dilutive net earnings per common share attributable to SMP (in thousands, except share and per share data):


	Year Ended December 31,
	2024		2023		2022
Net earnings (loss) attributable to SMP
Continuing operations	53,628		63,144		73,042
Discontinued operations	(26,128)		(28,996)		(17,691)
Net earnings attributable to SMP	$	27,500	$	34,148	$	55,351

Basic net earnings (loss) per common share attributable to SMP
Continuing operations	$	2.46	$	2.91	$	3.37
Discontinued operations	$	(1.20)	$	(1.34)	$	(0.82)

Diluted net earnings (loss) per common share attributable to SMP
Continuing operations	$	2.41	$	2.85	$	3.30
Discontinued operations	$	(1.17)	$	(1.31)	$	(0.80)

Weighted average number of common shares, basic	21,801,141		21,716,177		21,683,719
Dilutive effect of restricted stock and performance-based stock	435,919		445,164		456,262
Weighted average number of common shares, diluted	22,237,060		22,161,341		22,139,981

The shares listed below were not included in the computation of diluted net earnings per common share attributable to SMP because to do so would have been anti-dilutive for the periods presented or because they were excluded under the treasury method (in thousands):


	2024	2023	2022
Restricted and performance shares	285	280	292