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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CONSOLIDATED STATEMENTS OF OPERATIONS [Abstract]    
Net sales [1] $ 322,831 $ 276,553
Cost of sales 232,991 192,769
Gross profit 89,840 83,784
Selling, general and administrative expenses 62,884 54,460
Restructuring and integration expenses 41 0
Operating income 26,915 29,324
Other non-operating income, net 1,449 635
Interest expense 805 209
Earnings from continuing operations before income taxes 27,559 29,750
Provision for income taxes 7,005 7,586
Earnings from continuing operations 20,554 22,164
Loss from discontinued operations, net of income taxes (1,116) (1,164)
Net earnings 19,438 21,000
Net earnings (loss) attributable to noncontrolling interest (8) 0
Net earnings attributable to SMP [2] 19,446 21,000
Net earnings attributable to SMP    
Earnings from continuing operations 20,562 22,164
Discontinued operations (1,116) (1,164)
Net earnings attributable to SMP [2] $ 19,446 $ 21,000
Net earnings per common share - Basic:    
Earnings from continuing operations (in dollars per share) $ 0.94 $ 0.99
Discontinued operations (in dollars per share) (0.06) (0.05)
Net earnings per common share - Basic (in dollars per share) 0.88 0.94
Net earnings per common share - Diluted:    
Earnings from continuing operations (in dollars per share) 0.91 0.97
Discontinued operations (in dollars per share) (0.04) (0.05)
Net earnings per common share - Diluted (in dollars per share) 0.87 0.92
Dividend declared per share (in dollars per share) $ 0.27 $ 0.25
Average number of common shares (in shares) 21,978,507 22,317,959
Average number of common shares and dilutive common shares (in shares) 22,477,819 22,765,508
[1] Segment net sales include intersegment sales in our Engine Management and Temperature Control segments.
[2] Throughout this Form 10-Q, “SMP” refers to Standard Motor Products, Inc. and subsidiaries.