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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 23,019 $ 21,150
Accounts receivable, less allowances for discounts and expected credit losses of $5,757 and $5,375 for 2023 and 2022, respectively 218,105 167,638
Inventories 499,134 528,715
Unreturned customer inventories 19,722 19,695
Prepaid expenses and other current assets 27,903 25,241
Total current assets 787,883 762,439
Property, plant and equipment, net of accumulated depreciation of $250,382 and $239,176 for 2023 and 2022, respectively 107,590 107,148
Operating lease right-of-use assets 73,093 49,838
Goodwill 132,391 132,087
Other intangibles, net 96,291 100,504
Deferred income taxes 33,905 33,658
Investments in unconsolidated affiliates 41,557 41,745
Other assets 29,435 27,510
Total assets 1,302,145 1,254,929
CURRENT LIABILITIES:    
Current portion of revolving credit facility 53,700 50,000
Current portion of term loan and other debt 5,028 5,031
Accounts payable 94,657 89,247
Sundry payables and accrued expenses 59,126 49,990
Accrued customer returns 43,664 37,169
Accrued core liability 20,187 22,952
Accrued rebates 43,781 37,381
Payroll and commissions 28,346 31,361
Total current liabilities 348,489 323,131
Long-term debt 164,488 184,589
Noncurrent operating lease liabilities 64,271 40,709
Other accrued liabilities 24,917 22,157
Accrued asbestos liabilities 59,565 63,305
Total liabilities 661,730 633,891
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 106,529 105,615
Retained earnings 572,753 564,242
Accumulated other comprehensive income (7,927) (12,470)
Treasury stock - at cost (2,210,069 shares and 2,350,377 shares in 2023 and 2022, respectively) (89,554) (95,239)
Total SMP stockholders' equity 629,673 610,020
Noncontrolling interest 10,742 11,018
Total stockholders' equity 640,415 621,038
Total liabilities and stockholders' equity $ 1,302,145 $ 1,254,929