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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 19,999 $ 21,755
Accounts receivable, less allowances for discounts and expected credit losses of $6,660 and $6,170 in 2022 and 2021, respectively 225,303 180,604
Inventories 534,421 468,755
Unreturned customer inventories 22,221 22,268
Prepaid expenses and other current assets 17,471 17,823
Total current assets 819,415 711,205
Property, plant and equipment, net of accumulated depreciation of $232,112 and $227,788 for 2022 and 2021, respectively 102,984 102,786
Operating lease right-of-use assets 42,116 40,469
Goodwill 131,538 131,652
Other intangibles, net 104,344 106,234
Deferred income taxes 35,964 36,126
Investments in unconsolidated affiliates 45,518 44,087
Other assets 28,530 25,402
Total assets 1,310,409 1,197,961
CURRENT LIABILITIES:    
Notes payable 245,450 125,298
Current portion of other debt 3,235 3,117
Accounts payable 139,392 137,167
Sundry payables and accrued expenses 45,875 57,182
Accrued customer returns 46,085 42,412
Accrued core liability 23,513 23,663
Accrued rebates 42,606 42,472
Payroll and commissions 31,972 45,058
Total current liabilities 578,128 476,369
Long-term debt 0 21
Noncurrent operating lease liabilities 32,281 31,206
Other accrued liabilities 25,178 25,040
Accrued asbestos liabilities 51,909 52,698
Total liabilities 687,496 585,334
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 107,606 105,377
Retained earnings 545,830 532,319
Accumulated other comprehensive income (8,815) (8,169)
Treasury stock - at cost (2,011,019 shares and 1,911,792 shares in 2022 and 2021, respectively) (80,622) (75,819)
Total SMP stockholders' equity 611,871 601,580
Noncontrolling interest 11,042 11,047
Total stockholders' equity 622,913 612,627
Total liabilities and stockholders' equity $ 1,310,409 $ 1,197,961