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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 50,276 $ 44,426
Accounts receivable, less allowances for discounts and expected credit losses of $$7,157 and $5,472 for 2025 and 2024, respectively 280,795 210,719
Inventories 641,131 624,913
Unreturned customer inventories 17,597 16,163
Prepaid expenses and other current assets 26,282 25,703
Total current assets 1,016,081 921,924
Property, plant and equipment, net of accumulated depreciation of $$279,885 and $273,264 for 2025 and 2024, respectively 174,636 168,735
Operating lease right-of-use assets 112,022 109,899
Goodwill 246,115 241,418
Customer relationships intangibles, net 212,378 210,430
Other intangibles, net 93,087 90,540
Deferred income taxes 14,064 13,199
Investments in unconsolidated affiliates 26,013 24,842
Other assets 31,695 33,139
Total assets 1,926,091 1,814,126
CURRENT LIABILITIES:    
Current portion of revolving credit facility 4,350 10,800
Current portion of term loan and other debt 18,876 16,317
Accounts payable 151,206 148,009
Sundry payables and accrued expenses 81,036 84,936
Accrued customer returns 66,087 46,471
Accrued core liability 11,722 12,807
Accrued rebates 73,050 76,168
Payroll and commissions 31,050 40,964
Total current liabilities 437,377 436,472
Long-term debt 627,329 535,197
Noncurrent operating lease liabilities 99,885 98,214
Other accrued liabilities 29,135 29,593
Accrued asbestos liabilities 79,928 84,568
Total liabilities 1,273,654 1,184,044
Commitments and contingencies
Stockholders’ equity:    
Authorized – 30,000,000 shares; issued 23,936,036 shares 47,872 47,872
Capital in excess of par value 99,547 100,135
Retained earnings 581,174 575,385
Accumulated other comprehensive income (13,655) (25,832)
Treasury stock – at cost (1,955,013 shares and 2,077,877 shares in 2025 and 2024, respectively) (76,977) (81,815)
Total SMP stockholders’ equity 637,961 615,745
Noncontrolling interest 14,476 14,337
Total stockholders’ equity 652,437 630,082
Total liabilities and stockholders’ equity $ 1,926,091 $ 1,814,126