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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2022
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 (in thousands, except per share data):

 
 
Three Months Ended
March 31,
 
     2022
     2021
 
Net Earnings Attributable to SMP -
 

   

 
Earnings from continuing operations
 
$
20,562
   
$
22,164
 
Loss from discontinued operations
   
(1,116
)
   
(1,164
)
Net earnings attributable to SMP
 
$
19,446
   
$
21,000
 
 
               
Basic Net Earnings Per Common Share Attributable to SMP -
   

     

 
Earnings from continuing operations per common share
 
$
0.94
   
$
0.99
 
Loss from discontinued operations per common share
   
(0.06
)
   
(0.05
)
Net earnings per common share attributable to SMP
 
$
0.88
   
$
0.94
 
                 
Weighted average common shares outstanding     21,979       22,318  
 
               
Diluted Net Earnings Per Common Share Attributable to SMP -
               
Earnings from continuing operations per common share
 
$
0.91
   
$
0.97
 
Loss from discontinued operations per common share
   
(0.04
)
   
(0.05
)
Net earnings per common share attributable to SMP
 
$
0.87
   
$
0.92
 
 
               
Weighted average common shares outstanding
   
21,979
     
22,318
 
Plus incremental shares from assumed conversions:
               
Dilutive effect of restricted stock and performance-based stock
   
499
     
448
 
Weighted average common shares outstanding – Diluted
   
22,478
     
22,766
 
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
March 31,
 
 
 
2022
   
2021
 
Restricted and performance-based shares
   
259
     
272