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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 28,485 $ 21,150
Accounts receivable, less allowances for discounts and expected credit losses of $5,872 and $5,375 for 2023 and 2022, respectively 208,053 167,638
Inventories 479,788 528,715
Unreturned customer inventories 21,847 19,695
Prepaid expenses and other current assets 24,240 25,241
Total current assets 762,413 762,439
Property, plant and equipment, net of accumulated depreciation of $252,614 and $239,176 for 2023 and 2022, respectively 113,012 107,148
Operating lease right-of-use assets 99,067 49,838
Goodwill 134,382 132,087
Other intangibles, net 94,324 100,504
Deferred income taxes 36,455 33,658
Investments in unconsolidated affiliates 22,909 41,745
Other assets 37,368 27,510
Total assets 1,299,930 1,254,929
CURRENT LIABILITIES:    
Current portion of revolving credit facility 47,400 50,000
Current portion of term loan and other debt 5,026 5,031
Accounts payable 103,237 89,247
Sundry payables and accrued expenses 71,298 49,990
Accrued customer returns 48,556 37,169
Accrued core liability 19,778 22,952
Accrued rebates 46,329 37,381
Payroll and commissions 31,718 31,361
Total current liabilities 373,342 323,131
Long-term debt 95,170 184,589
Noncurrent operating lease liabilities 88,186 40,709
Other accrued liabilities 23,797 22,157
Accrued asbestos liabilities 73,962 63,305
Total liabilities 654,457 633,891
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 108,058 105,615
Retained earnings 573,110 564,242
Accumulated other comprehensive income (10,219) (12,470)
Treasury stock - at cost (2,208,069 shares and 2,350,377 shares in 2023 and 2022, respectively) (89,473) (95,239)
Total SMP stockholders' equity 629,348 610,020
Noncontrolling interest 16,125 11,018
Total stockholders' equity 645,473 621,038
Total liabilities and stockholders' equity $ 1,299,930 $ 1,254,929