XML 37 R6.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 44,426 $ 32,526
Accounts receivable, less allowances for discounts and expected credit losses of $5,472 and $8,045 in 2024 and 2023, respectively 210,719 160,282
Inventories 624,913 507,075
Unreturned customer inventories 16,163 18,240
Prepaid expenses and other current assets 25,703 26,100
Total current assets 921,924 744,223
Property, plant and equipment, net 168,735 121,872
Operating lease right-of-use assets 109,899 100,065
Goodwill 241,418 134,729
Customer relationships intangibles, net 210,430 76,017
Other intangibles, net 90,540 16,291
Deferred income taxes 13,199 40,533
Investments in unconsolidated affiliates 24,842 24,050
Other assets 33,139 35,267
Total assets 1,814,126 1,293,047
CURRENT LIABILITIES:    
Current portion of revolving credit facility 10,800 0
Current portion of term loan and other debt 16,317 5,029
Accounts payable 148,009 107,455
Sundry payables and accrued expenses 84,936 63,303
Accrued customer returns 46,471 38,238
Accrued core liability 12,807 18,399
Accrued rebates 76,168 42,278
Payroll and commissions 40,964 29,561
Total current liabilities 436,472 304,263
Long-term debt 535,197 151,182
Noncurrent operating lease liabilities 98,214 88,974
Other accrued liabilities 29,593 25,742
Accrued asbestos liabilities 84,568 72,013
Total liabilities 1,184,044 642,174
Commitments and contingencies
Stockholders’ equity:    
Common Stock - par value $2.00 per share: Authorized 30,000,000 shares, issued 23,936,036 shares 47,872 47,872
Capital in excess of par value 100,135 101,751
Retained earnings 575,385 573,226
Accumulated other comprehensive income (25,832) (5,974)
Treasury stock - at cost (2,077,877 shares and 2,018,982 shares in 2024 and 2023, respectively) (81,815) (81,811)
Total SMP stockholders’ equity 615,745 635,064
Noncontrolling interest 14,337 15,809
Total stockholders’ equity 630,082 650,873
Total liabilities and stockholders’ equity $ 1,814,126 $ 1,293,047