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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash $ 58,792 $ 44,426
Accounts receivable, less allowances for discounts and expected credit losses of $7,777 and $5,472 for 2025 and 2024, respectively 327,270 210,719
Inventories 638,594 624,913
Unreturned customer inventories 18,567 16,163
Prepaid expenses and other current assets 21,841 25,703
Total current assets 1,065,064 921,924
Property, plant and equipment, net of accumulated depreciation of $287,624 and $273,264 for 2025 and 2024, respectively 183,508 168,735
Operating lease right-of-use assets 111,731 109,899
Goodwill 256,266 241,418
Customer relationships intangibles, net 221,024 210,430
Other intangibles, net 99,326 90,540
Deferred income taxes 15,545 13,199
Investments in unconsolidated affiliates 23,495 24,842
Other assets 31,389 33,139
Total assets 2,007,348 1,814,126
CURRENT LIABILITIES:    
Current portion of revolving credit facility 10,000 10,800
Current portion of term loan and other debt 20,818 16,317
Accounts payable 171,356 148,009
Sundry payables and accrued expenses 88,147 84,936
Accrued customer returns 75,207 46,471
Accrued core liability 12,040 12,807
Accrued rebates 76,274 76,168
Payroll and commissions 38,573 40,964
Total current liabilities 492,415 436,472
Long-term debt 605,811 535,197
Noncurrent operating lease liabilities 99,770 98,214
Other accrued liabilities 30,527 29,593
Accrued asbestos liabilities 75,366 84,568
Total liabilities 1,303,889 1,184,044
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 101,036 100,135
Retained earnings 599,601 575,385
Accumulated other comprehensive income 16,825 (25,832)
Treasury stock – at cost (1,948,363 shares and 2,077,877 shares in 2025 and 2024, respectively) (76,715) (81,815)
Total SMP stockholders’ equity 688,619 615,745
Noncontrolling interest 14,840 14,337
Total stockholders’ equity 703,459 630,082
Total liabilities and stockholders’ equity $ 2,007,348 $ 1,814,126