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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Reconciliations of Earnings Available to Common Stockholders and Shares used in Calculating Basic and Dilutive Net Earnings per Common Share
The following are reconciliations of the net earnings attributable to SMP and the shares used in calculating basic and dilutive net earnings per common share attributable to SMP (in thousands, except per share data):

 
Three Months Ended
September 30,
   
Nine Months Ended
September 30,
 
   
2023
   
2022
   
2023
   
2022
 
Net Earnings Attributable to SMP -
                       
Earnings from continuing operations
 
$
24,859
   
$
23,140
   
$
55,915
   
$
64,494
 
Loss from discontinued operations
   
(18,200
)
   
(14,294
)
   
(28,201
)
   
(17,076
)
Net earnings attributable to SMP
 
$
6,659
   
$
8,846
   
$
27,714
   
$
47,418
 
 
                               
Basic Net Earnings Per Common Share Attributable to SMP -
                               
Earnings from continuing operations per common share
 
$
1.14
   
$
1.08
   
$
2.58
   
$
2.97
 
Loss from discontinued operations per common share
   
(0.83
)
   
(0.67
)
   
(1.30
)
   
(0.79
)
Net earnings per common share attributable to SMP
 
$
0.31
   
$
0.41
   
$
1.28
   
$
2.18
 
 
                               
Weighted average common shares outstanding
   
21,727
     
21,427
     
21,676
     
21,719
 
 
                               
Diluted Net Earnings Per Common Share Attributable to SMP -
                               
Earnings from continuing operations per common share
 
$
1.12
   
$
1.06
   
$
2.52
   
$
2.91
 
Loss from discontinued operations per common share
   
(0.82
)
   
(0.66
)
   
(1.27
)
   
(0.77
)
Net earnings per common share attributable to SMP
 
$
0.30
   
$
0.40
   
$
1.25
   
$
2.14
 
 
                               
Weighted average common shares outstanding
   
21,727
     
21,427
     
21,676
     
21,719
 
Plus incremental shares from assumed conversions:
                               
Dilutive effect of restricted stock and performance-based stock
   
527
     
421
     
522
     
434
 
Weighted average common shares outstanding – Diluted
   
22,254
     
21,848
     
22,198
     
22,153
 
Anti-dilutive Securities Excluded from Computation of Earnings per Share
The shares listed below were not included in the computation of diluted net earnings per common share attributable to SMP because to do so would have been anti-dilutive for the periods presented or because they were excluded under the treasury method (in thousands):

 
 
Three Months Ended
September 30,
   
Nine Months Ended
September 30,
 
 
 
2023
   
2022
   
2023
   
2022
 
Restricted and performance-based shares
   
242
     
299
     
273
     
281