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Accumulated Other Comprehensive Income Attributable to SMP
3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Accumulated Other Comprehensive Income Attributable to SMP Accumulated Other Comprehensive Income Attributable to SMP
Three Months Ended March 31, 2025
(in thousands)Foreign
Currency
Translation
Cash Flow
Hedges
Postretirement
Benefit Plans
Total
Balance at December 31, 2024$(29,769)$3,924 $13 $(25,832)
Other comprehensive income (loss) before reclassifications10,881 (d)(1,542)(a)— 9,339 
Amounts reclassified from accumulated other comprehensive income— 412 (b)(4)(c)408 
Net other comprehensive income (loss)10,881 (1,130)(4)9,747 
Tax amounts2,134 294 2,430 
Balance at March 31, 2025$(16,754)$3,088 $11 $(13,655)
Three Months Ended March 31, 2024
(in thousands)Foreign
Currency
Translation
Cash Flow
Hedges
Postretirement
Benefit Plans
Total
Balance at December 31, 2023$(8,897)$2,899 $24 $(5,974)
Other comprehensive income (loss) before reclassifications(1,220)1,209 (a)— (11)
Amounts reclassified from accumulated other comprehensive income— 671 (b)(4)(c)667 
Net other comprehensive income (loss)(1,220)1,880 (4)656 
Tax amounts— (489)(488)
Balance at March 31, 2024$(10,117)$4,290 $21 $(5,806)
(a)Consists of the unrecognized loss relating to the change in fair value of cash flow interest rate hedges of $1.1 million ($0.8 million, net of tax) and $1.9 million ($1.4 million, net of tax) in the three months ended March 31, 2025 and 2024, respectively and cash settlement receipts of $0.4 million ($0.3 million, net of tax) and $0.7 million ($0.5 million, net of tax) in the three months ended March 31, 2025 and 2024, respectively.
(b)Unrecognized accumulated other comprehensive income (loss) related to cash flow interest rate hedges are reclassified to earnings and reported in 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 postretirement benefit plans is reclassified to earnings and included in the computation of net periodic postretirement benefit costs, which are included in other non-operating income, net in our consolidated statements of operations.
(d)Foreign currency translation primarily reflects the appreciation of the Danish kroner and the Polish zloty.