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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]      
Net sales $ 1,463,849 $ 1,358,272 $ 1,371,815
Cost of sales 1,040,528 969,446 989,276
Gross profit 423,321 388,826 382,539
Selling, general and administrative expenses 335,104 293,583 276,626
Restructuring and integration expenses 7,668 2,642 1,891
Other income, net 75 76 113
Operating income 80,624 92,677 104,135
Other non-operating income, net 6,877 2,326 4,814
Interest expense 13,512 13,287 10,617
Earnings from continuing operations before income taxes 73,989 81,716 98,332
Provision for income taxes 19,385 18,368 25,206
Earnings from continuing operations 54,604 63,348 73,126
Loss from discontinued operations, net of income tax benefit of $10,188, $6,216 and $2,975 (26,128) (28,996) (17,691)
Net earnings 28,476 34,352 55,435
Net earnings attributable to noncontrolling interest 976 204 84
Net earnings attributable to SMP [1] 27,500 34,148 55,351
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 [1] $ 27,500 $ 34,148 $ 55,351
Basic:      
Continuing operations (in dollars per share) $ 2.46 $ 2.91 $ 3.37
Discontinued operations (in dollars per share) (1.20) (1.34) (0.82)
Net earnings attributable to SMP per common share - Basic (in dollars per share) 1.26 1.57 2.55
Diluted:      
Continuing operations (in dollars per share) 2.41 2.85 3.30
Discontinued operations (in dollars per share) (1.17) (1.31) (0.80)
Net earnings attributable to SMP per common share - Diluted (in dollars per share) 1.24 1.54 2.50
Dividends declared per common share (in dollars per share) $ 1.16 $ 1.16 $ 1.08
Weighted average number of common shares, basic (in shares) 21,801,141 21,716,177 21,683,719
Weighted average number of common shares, diluted (in shares) 22,237,060 22,161,341 22,139,981
[1] Throughout this Form 10-K, “SMP” refers to Standard Motor Products, Inc. and subsidiaries.