CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
CURRENT ASSETS:
Cash	$ 58,792	$ 44,426
Accounts receivable, less allowances for discounts and expected credit losses of $7,777 and $5,472 for 2025 and 2024, respectively	327,270	210,719
Inventories	638,594	624,913
Unreturned customer inventories	18,567	16,163
Prepaid expenses and other current assets	21,841	25,703
Total current assets	1,065,064	921,924
Property, plant and equipment, net of accumulated depreciation of $287,624 and $273,264 for 2025 and 2024, respectively	183,508	168,735
Operating lease right-of-use assets	111,731	109,899
Goodwill	256,266	241,418
Customer relationships intangibles, net	221,024	210,430
Other intangibles, net	99,326	90,540
Deferred income taxes	15,545	13,199
Investments in unconsolidated affiliates	23,495	24,842
Other assets	31,389	33,139
Total assets	2,007,348	1,814,126
CURRENT LIABILITIES:
Current portion of revolving credit facility	10,000	10,800
Current portion of term loan and other debt	20,818	16,317
Accounts payable	171,356	148,009
Sundry payables and accrued expenses	88,147	84,936
Accrued customer returns	75,207	46,471
Accrued core liability	12,040	12,807
Accrued rebates	76,274	76,168
Payroll and commissions	38,573	40,964
Total current liabilities	492,415	436,472
Long-term debt	605,811	535,197
Noncurrent operating lease liabilities	99,770	98,214
Other accrued liabilities	30,527	29,593
Accrued asbestos liabilities	75,366	84,568
Total liabilities	1,303,889	1,184,044
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	101,036	100,135
Retained earnings	599,601	575,385
Accumulated other comprehensive income	16,825	(25,832)
Treasury stock – at cost (1,948,363 shares and 2,077,877 shares in 2025 and 2024, respectively)	(76,715)	(81,815)
Total SMP stockholders’ equity	688,619	615,745
Noncontrolling interest	14,840	14,337
Total stockholders’ equity	703,459	630,082
Total liabilities and stockholders’ equity	$ 2,007,348	$ 1,814,126

STANDARD MOTOR PRODUCTS, INC. 10-Q