|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
STANDARD MOTOR PRODUCTS |
|
|
|
|
|
CONDENSED CONSOLIDATING BALANCE SHEETS |
|
|
|
|
|
(Dollars in
thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, |
|
December 31, |
|
|
|
|
|
|
|
|
2005 |
|
2004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash |
|
|
$ 6,197 |
|
$ 14,934 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts receivable, gross |
|
|
258,690 |
|
160,706 |
|
|
|
|
|
Allowance for doubtful
accounts |
|
10,009 |
|
9,354 |
|
|
|
|
|
Accounts receivable, net |
|
|
248,681 |
|
151,352 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Inventories |
|
|
261,438 |
|
258,641 |
|
|
|
|
|
Other current assets |
|
|
23,736 |
|
22,289 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current assets |
|
|
540,052 |
|
447,216 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Property, plant and
equipment, net |
|
89,032 |
|
97,425 |
|
|
|
|
|
Goodwill and other
intangibles |
|
69,011 |
|
69,911 |
|
|
|
|
|
Other assets |
|
|
40,427 |
|
42,017 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets |
|
|
$738,522 |
|
$656,569 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND STOCKHOLDERS' EQUITY |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Notes payable |
|
|
$178,465
|
|
$109,416
|
|
|
|
|
|
Current portion of long
term debt |
|
534 |
|
534 |
|
|
|
|
|
Accounts payable trade |
|
|
68,924 |
|
46,487 |
|
|
|
|
|
Accrued customer returns |
|
|
27,876 |
|
23,127 |
|
|
|
|
|
Restructuring accrual |
|
|
2,706 |
|
6,999 |
|
|
|
|
|
Other current liabilities |
|
|
58,349 |
|
65,893 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current liabilities |
|
|
336,854 |
|
252,456 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-term debt |
|
|
113,965 |
|
114,236 |
|
|
|
|
|
Accrued asbestos liabilities |
|
|
25,585 |
|
26,060 |
|
|
|
|
|
Postretirement &
other liabilities |
|
47,568 |
|
44,111 |
|
|
|
|
|
Restructuring accrual |
|
|
11,791 |
|
12,394 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities |
|
|
535,763 |
|
449,257 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total stockholders' equity |
|
|
202,759 |
|
207,312 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total liabilities and
stockholders' equity |
$738,522 |
|
$656,569 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- |
|
- |
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|