| STANDARD MOTOR PRODUCTS, INC. | |||||||||||||
| Consolidated Statements of Operations | |||||||||||||
| (Dollars in thousands, except per share amounts) | |||||||||||||
| THREE MONTHS ENDED | |||||||||||||
| MARCH 31, | |||||||||||||
| 2006 | 2005 | ||||||||||||
| NET SALES | $ 210,076 | $ 207,326 | |||||||||||
| COST OF SALES | 156,845 | 158,891 | |||||||||||
| GROSS PROFIT | 53,231 | 48,435 | |||||||||||
| SELLING, GENERAL & ADMINISTRATIVE EXPENSES | 43,788 | 42,076 | |||||||||||
| INTEGRATION EXPENSES | 87 | 524 | |||||||||||
| OPERATING INCOME | 9,356 | 5,835 | |||||||||||
| OTHER INCOME (EXPENSE), NET | 350 | (215) | |||||||||||
| INTEREST EXPENSE | 4,453 | 3,775 | |||||||||||
| EARNINGS FROM CONTINUING OPERATIONS BEFORE TAXES | 5,253 | 1,845 | |||||||||||
| INCOME TAX EXPENSE | 2,655 | 792 | |||||||||||
| EARNINGS FROM CONTINUING OPERATIONS | 2,598 | 1,053 | |||||||||||
| DISCONTINUED OPERATION, NET OF TAX | (764) | (407) | |||||||||||
| NET INCOME | $ 1,834 | $ 646 | |||||||||||
| NET EARNINGS PER COMMON SHARE: | |||||||||||||
| BASIC EARNINGS FROM CONTINUING OPERATIONS | $ 0.14 | $ 0.05 | |||||||||||
| DISCONTINUED OPERATION | (0.04) | (0.02) | |||||||||||
| NET INCOME PER COMMON SHARE - BASIC | $ 0.10 | $ 0.03 | |||||||||||
| DILUTED EARNINGS FROM CONTINUING OPERATIONS | $ 0.14 | $ 0.05 | |||||||||||
| DISCONTINUED OPERATION | (0.04) | (0.02) | |||||||||||
| NET INCOME PER COMMON SHARE - DILUTED | $ 0.10 | $ 0.03 | |||||||||||
| WEIGHTED AVERAGE NUMBER OF COMMON SHARES | 18,192,774 | 19,440,356 | |||||||||||
| WEIGHTED AVERAGE NUMBER OF COMMON AND DILUTIVE SHARES | 18,195,888 | 19,478,064 | |||||||||||