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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash and cash equivalents $ 21,755 $ 19,488
Accounts receivable, less allowances for discounts and expected credit losses of $6,170 and $5,822 in 2021 and 2020, respectively 180,604 198,039
Inventories 468,755 345,502
Unreturned customer inventories 22,268 19,632
Prepaid expenses and other current assets 17,823 15,875
Total current assets 711,205 598,536
Property, plant and equipment, net 102,786 89,105
Operating lease right-of-use assets 40,469 29,958
Goodwill 131,652 77,837
Other intangibles, net 106,234 54,004
Deferred incomes taxes 36,126 44,770
Investments in unconsolidated affiliates 44,087 40,507
Other assets 25,402 21,823
Total assets 1,197,961 956,540
CURRENT LIABILITIES:    
Notes payable 125,298 10,000
Current portion of other debt 3,117 135
Accounts payable 137,167 100,018
Sundry payables and accrued expenses 57,182 47,078
Accrued customer returns 42,412 40,982
Accrued core liability 23,663 22,014
Accrued rebates 42,472 46,437
Payroll and commissions 45,058 35,938
Total current liabilities 476,369 302,602
Long-term debt 21 97
Noncurrent operating lease liabilities 31,206 22,450
Other accrued liabilities 25,040 25,929
Accrued asbestos liabilities 52,698 55,226
Total liabilities 585,334 406,304
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 105,377 105,084
Retained earnings 532,319 463,612
Accumulated other comprehensive income (8,169) (5,676)
Treasury stock - at cost (1,911,792 shares and 1,586,923 shares in 2021 and 2020, respectively) (75,819) (60,656)
Total SMP stockholders' equity 601,580 550,236
Noncontrolling Interest 11,047 0
Total Stockholders' Equity 612,627 550,236
Total liabilities and stockholders' equity $ 1,197,961 $ 956,540