Accumulated Other Comprehensive Income Attributable to SMP (Tables)

6 Months Ended

Jun. 30, 2025

Schedule of Accumulated Other Comprehensive by Component

Accumulated other comprehensive income attributable to SMP consists of the following (in thousands):


	Six Months Ended June 30, 2025
	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 reclassifications	10,881		(b)	(1,542)		(a)	$	—	9,339
Amounts reclassified from accumulated other comprehensive income	—			412			(4)		408
Net other comprehensive income (loss)	10,881			(1,130)			(4)		9,747
Tax amounts	2,134			294			2		2,430
Balance at March 31, 2025	$	(16,754)		$	3,088		$	11	$	(13,655)
Other comprehensive income (loss) before reclassifications	27,390		(b)	(2,428)		(a)	—		24,962
Amounts reclassified from accumulated other comprehensive income	—			443			(4)		439
Net other comprehensive income (loss)	27,390			(1,985)			(4)		25,401
Tax amounts	4,562			516			1		5,079
Balance at June 30, 2025	$	15,198		$	1,619		$	8	$	16,825

(a)Consists of the unrecognized loss relating to the change in fair value of cash flow interest rate hedges of $2.0 million ($1.5 million, net of tax) and $3.1 million ($2.3 million, net of tax) in the three and six months ended June 30, 2025, respectively, and cash settlement receipts of $0.5 million ($0.4 million, net of tax) and $0.9 million ($0.7 million, net of tax) in the three and six months ended June 30, 2025, respectively

(b)Foreign currency translation primarily reflects the appreciation of the Danish kroner.


	Six Months Ended June 30, 2024
	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)		(b)	1,209		(a)	—		(11)
Amounts reclassified from accumulated other comprehensive income	—			671			(4)		667
Net other comprehensive income (loss)	(1,220)			1,880			(4)		656
Tax amounts	—			(489)			1		(488)
Balance at March 31, 2024	$	(10,117)		$	4,290		$	21	$	(5,806)
Other comprehensive income (loss) before reclassifications	(3,733)		(c)	2,117		(a)	—		(1,616)
Amounts reclassified from accumulated other comprehensive income	—			(2,010)			(4)		(2,014)
Net other comprehensive income (loss)	(3,733)			107			(4)		(3,630)
Tax amounts	—			(28)			2		(26)
Balance at June 30, 2024	$	(13,850)		$	4,369		$	19	$	(9,462)

(a)Consists of the unrecognized gain relating to the change in fair value of cash flow interest rate hedges of $0.1 million ($0.1 million, net of tax) and $2.0 million ($1.5 million, net of tax) in the three and six months ended

June 30, 2024, respectively, and cash settlement receipts of $0.7 million ($0.5 million, net of tax) and $1.3 million ($1.0 million, net of tax) in the three and six months ended June 30, 2024, respectively

(b)Foreign currency translation primarily reflects the depreciation of the Polish zloty, Canadian dollar, and the euro, partly offset by appreciation in the Mexican peso

(c)Foreign currency translation primarily reflects the depreciation of the Mexican peso