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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 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):

 
 
Year Ended December 31,
 
 
 
2023
   
2022
   
2021
 
Net Earnings Attributable to SMP -
                 
Earnings from continuing operations
 
$
63,144
   
$
73,042
   
$
99,353
 
Loss from discontinued operations
   
(28,996
)
   
(17,691
)
   
(8,467
)
Net earnings attributable to SMP
 
$
34,148
   
$
55,351
   
$
90,886
 
 
                       
Basic Net Earnings Per Common Share Attributable to SMP -
                       
Earnings from continuing operations per common share
 
$
2.91
   
$
3.37
   
$
4.49
 
Loss from discontinued operations per common share
   
(1.34
)
   
(0.82
)
   
(0.39
)
Net earnings per common share attributable to SMP
 
$
1.57
   
$
2.55
   
$
4.10
 
 
                       
Weighted average common shares outstanding
    21,716       21,684       22,147  
                         
     2023
     2022
     2021
 
Diluted Net Earnings Per Common Share Attributable to SMP -
                       
Earnings from continuing operations per common share
 
$
2.85
   
$
3.30
   
$
4.39
 
Loss from discontinued operations per common share
   
(1.31
)
   
(0.80
)
   
(0.37
)
Net earnings per common share attributable to SMP
 
$
1.54
   
$
2.50
   
$
4.02
 
 
                       
Weighted average common shares outstanding
   
21,716
     
21,684
     
22,147
 
Plus incremental shares from assumed conversions:
                       
Dilutive effect of restricted stock and performance-based stock
   
445
     
456
     
469
 
Weighted average common shares outstanding – Diluted
   
22,161
     
22,140
     
22,616
 
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):

 
 
2023
   
2022
   
2021
 
Restricted and performance shares
   
280
     
292
     
269