|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
STANDARD MOTOR PRODUCTS |
|
|
|
|
|
CONDENSED CONSOLIDATING BALANCE SHEETS |
|
|
|
|
|
(Dollars in
thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, |
|
December 31, |
|
|
|
|
|
|
|
|
2005 |
|
2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash |
|
|
$ 8,795 |
|
$ 14,934 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts receivable, gross |
|
|
208,575 |
|
160,706 |
|
|
|
|
|
Allowance for doubtful
accounts |
|
9,732 |
|
9,354 |
|
|
|
|
|
Accounts receivable, net |
|
|
198,843 |
|
151,352 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Inventories |
|
|
264,571 |
|
258,641 |
|
|
|
|
|
Other current assets |
|
|
24,642 |
|
22,289 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current assets |
|
|
496,851 |
|
447,216 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Property, plant and
equipment, net |
|
95,256 |
|
97,425 |
|
|
|
|
|
Goodwill and other
intangibles |
|
69,475 |
|
69,911 |
|
|
|
|
|
Other assets |
|
|
41,743 |
|
42,017 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets |
|
|
$703,325 |
|
$656,569 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND STOCKHOLDERS' EQUITY |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Notes payable |
|
|
$146,439
|
|
$109,416
|
|
|
|
|
|
Current portion of long
term debt |
|
534 |
|
534 |
|
|
|
|
|
Accounts payable trade |
|
|
69,809 |
|
46,487 |
|
|
|
|
|
Accrued customer returns |
|
|
22,607 |
|
23,127 |
|
|
|
|
|
Restructuring accrual |
|
|
5,767 |
|
6,999 |
|
|
|
|
|
Other current liabilities |
|
|
53,514 |
|
65,893 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current liabilities |
|
|
298,670 |
|
252,456 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-term debt |
|
|
114,101 |
|
114,236 |
|
|
|
|
|
Accrued asbestos liabilities |
|
|
25,985 |
|
26,060 |
|
|
|
|
|
Postretirement &
other liabilities |
|
45,888 |
|
44,111 |
|
|
|
|
|
Restructuring accrual |
|
|
11,301 |
|
12,394 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities |
|
|
495,945 |
|
449,257 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total stockholders' equity |
|
|
207,380 |
|
207,312 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities and
stockholders' equity |
$703,325 |
|
$656,569 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- |
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|