XML 24 R5.htm IDEA: XBRL DOCUMENT v3.24.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 32,526 $ 21,150
Accounts receivable, less allowances for discounts and expected credit losses of $8,045 and $5,375 in 2023 and 2022, respectively 160,282 167,638
Inventories 507,075 528,715
Unreturned customer inventories 18,240 19,695
Prepaid expenses and other current assets 26,100 25,241
Total current assets 744,223 762,439
Property, plant and equipment, net 121,872 107,148
Operating lease right-of-use assets 100,065 49,838
Goodwill 134,729 132,087
Other intangibles, net 92,308 100,504
Deferred incomes taxes 40,533 33,658
Investments in unconsolidated affiliates 24,050 41,745
Other assets 35,267 27,510
Total assets 1,293,047 1,254,929
CURRENT LIABILITIES:    
Current portion of revolving credit facility 0 50,000
Current portion of term loan and other debt 5,029 5,031
Accounts payable 107,455 89,247
Sundry payables and accrued expenses 63,303 49,990
Accrued customer returns 38,238 37,169
Accrued core liability 18,399 22,952
Accrued rebates 42,278 37,381
Payroll and commissions 29,561 31,361
Total current liabilities 304,263 323,131
Long-term debt 151,182 184,589
Noncurrent operating lease liabilities 88,974 40,709
Other accrued liabilities 25,742 22,157
Accrued asbestos liabilities 72,013 63,305
Total liabilities 642,174 633,891
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 101,751 105,615
Retained earnings 573,226 564,242
Accumulated other comprehensive income (5,974) (12,470)
Treasury stock - at cost (2,018,982 shares and 2,350,377 shares in 2023 and 2022, respectively) (81,811) (95,239)
Total SMP stockholders' equity 635,064 610,020
Noncontrolling Interest 15,809 11,018
Total Stockholders' Equity 650,873 621,038
Total liabilities and stockholders' equity $ 1,293,047 $ 1,254,929