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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 24,196 $ 21,150
Accounts receivable, less allowances for discounts and expected credit losses of $5,816 and $5,375 in 2023 and 2022, respectively 210,801 167,638
Inventories 522,039 528,715
Unreturned customer inventories 20,626 19,695
Prepaid expenses and other current assets 26,192 25,241
Total current assets 803,854 762,439
Property, plant and equipment, net of accumulated depreciation of $244,392 and $239,176 for 2023 and 2022, respectively 107,123 107,148
Operating lease right-of-use assets 74,291 49,838
Goodwill 132,289 132,087
Other intangibles, net 98,389 100,504
Deferred income taxes 33,893 33,658
Investments in unconsolidated affiliates 42,719 41,745
Other assets 27,462 27,510
Total assets 1,320,020 1,254,929
CURRENT LIABILITIES:    
Current portion of revolving credit facility 52,600 50,000
Current portion of term loan and other debt 5,014 5,031
Accounts payable 94,372 89,247
Sundry payables and accrued expenses 42,041 49,990
Accrued customer returns 42,153 37,169
Accrued core liability 21,319 22,952
Accrued rebates 39,657 37,381
Payroll and commissions 24,268 31,361
Total current liabilities 321,424 323,131
Long-term debt 215,487 184,589
Noncurrent operating lease liabilities 65,319 40,709
Other accrued liabilities 24,298 22,157
Accrued asbestos liabilities 60,820 63,305
Total liabilities 687,348 633,891
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 106,675 105,615
Retained earnings 569,899 564,242
Accumulated other comprehensive income (11,001) (12,470)
Treasury stock - at cost (2,265,530 shares and 2,350,377 shares in 2023 and 2022, respectively) (91,801) (95,239)
Total SMP stockholders' equity 621,644 610,020
Noncontrolling interest 11,028 11,018
Total stockholders' equity 632,672 621,038
Total liabilities and stockholders' equity $ 1,320,020 $ 1,254,929