XML 73 R56.htm IDEA: XBRL DOCUMENT v3.23.1
Change in Method of Accounting for Inventory Valuation - Schedule of Consolidated Statement of Operations (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2022
Jun. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2022
Dec. 31, 2021
Change in Accounting Estimate [Line Items]                        
Costs of products sold (excluding depreciation and amortization)                     $ 327,996 $ 278,805 [1]
Total operating costs and expenses                     387,411 349,702 [1]
Income (loss) from operations                     2,778 (4,782) [1]
Income (loss) before income taxes                     5,556 (995) [1]
Net income (loss) [2]                     3,980 (3,300) [1],[3],[4]
Net income attributable to Ampco-Pittsburgh                     $ 3,416 $ (3,861) [1]
Net income per basic share attributable to Ampco-Pittsburgh common shareholders                     $ 0.18 $ (0.20) [1]
Net income (loss) per diluted share attributable to Ampco-Pittsburgh common shareholders                     $ 0.18 $ (0.20) [1]
FIFO [Member]                        
Change in Accounting Estimate [Line Items]                        
Costs of products sold (excluding depreciation and amortization) $ 84,101 $ 85,083 $ 80,516 $ 66,011 $ 73,042 $ 70,020 $ 165,599 $ 143,062 $ 249,700 $ 209,073 $ 327,996 $ 278,805
Total operating costs and expenses 99,444 100,498 94,879 81,567 89,568 86,325 195,377 175,893 294,821 257,460 387,411 349,702
Income (loss) from operations 203 2,084 (453) (382) 2,860 475 1,631 3,335 1,834 2,953 2,778 (4,782)
Income (loss) before income taxes 2,398 3,315 (31) 804 4,987 263 3,284 5,250 5,682 6,054 5,556 (995)
Net income (loss) 1,411 2,926 (87) 513 3,615 (118) 2,839 3,497 4,250 4,010 3,980 (3,300)
Net income attributable to Ampco-Pittsburgh $ 1,123 $ 2,807 $ (51) $ 390 $ 3,454 $ (265) $ 2,756 $ 3,189 $ 3,879 $ 3,579 $ 3,416 $ (3,861)
Net income per basic share attributable to Ampco-Pittsburgh common shareholders $ 0.06 $ 0.15 $ (0.00) $ 0.02 $ 0.18 $ (0.01) $ 0.14 $ 0.17 $ 0.20 $ 0.19 $ 0.18 $ (0.20)
Net income (loss) per diluted share attributable to Ampco-Pittsburgh common shareholders $ 0.06 $ 0.14 $ (0.00) $ 0.02 $ 0.16 $ (0.01) $ 0.14 $ 0.15 $ 0.20 $ 0.18 $ 0.18 $ (0.20)
Effect of Change [Member]                        
Change in Accounting Estimate [Line Items]                        
Costs of products sold (excluding depreciation and amortization) $ (277) $ (2,404) $ 1,696 $ (1,979) $ (2,391) $ 432 $ (708) $ (1,959) $ (985) $ (3,938) $ 2,763 $ (8,834)
Total operating costs and expenses (277) (2,404) 1,696 (1,979) (2,391) 432 (708) (1,959) (985) (3,938) 2,763 (8,834)
Income (loss) from operations 277 2,404 (1,696) 1,979 2,391 (432) 708 1,959 985 3,938 (2,763) 8,834
Income (loss) before income taxes 277 2,404 (1,696) 1,979 2,391 (432) 708 1,959 985 3,938 (2,763) 8,834
Net income (loss) 277 2,404 (1,696) 1,979 2,391 (432) 708 1,959 985 3,938 (2,763) 8,834
Net income attributable to Ampco-Pittsburgh $ 277 $ 2,404 $ (1,696) $ 1,979 $ 2,391 $ (432) $ 708 $ 1,959 $ 985 $ 3,938 $ (2,763) $ 8,834
Net income per basic share attributable to Ampco-Pittsburgh common shareholders $ 0.02 $ 0.13 $ (0.09) $ 0.10 $ 0.12 $ (0.02) $ 0.03 $ 0.10 $ 0.05 $ 0.21 $ (0.14) $ 0.47
Net income (loss) per diluted share attributable to Ampco-Pittsburgh common shareholders $ 0.02 $ 0.12 $ (0.08) $ 0.10 $ 0.11 $ (0.02) $ 0.03 $ 0.09 $ 0.05 $ 0.20 $ (0.14) $ 0.47
LIFO [Member]                        
Change in Accounting Estimate [Line Items]                        
Costs of products sold (excluding depreciation and amortization) $ 84,378 $ 87,487 $ 78,820 $ 67,990 $ 75,433 $ 69,588 $ 166,307 $ 145,021 $ 250,685 $ 213,011 $ 330,759 $ 287,639
Total operating costs and expenses 99,721 102,902 93,183 83,546 91,959 85,893 196,085 177,852 295,806 261,398 390,174 358,536
Income (loss) from operations (74) (320) 1,243 (2,361) 469 907 923 1,376 849 (985) 15 (13,616)
Income (loss) before income taxes 2,121 911 1,665 (1,175) 2,596 695 2,576 3,291 4,697 2,116 2,793 (9,829)
Net income (loss) 1,134 522 1,609 (1,466) 1,224 314 2,131 1,538 3,265 72 1,217 (12,134)
Net income attributable to Ampco-Pittsburgh $ 846 $ 403 $ 1,645 $ (1,589) $ 1,063 $ 167 $ 2,048 $ 1,230 $ 2,894 $ (359) $ 653 $ (12,695)
Net income per basic share attributable to Ampco-Pittsburgh common shareholders $ 0.04 $ 0.02 $ 0.09 $ (0.08) $ 0.06 $ 0.01 $ 0.11 $ 0.07 $ 0.15 $ (0.02) $ 0.04 $ (0.67)
Net income (loss) per diluted share attributable to Ampco-Pittsburgh common shareholders $ 0.04 $ 0.02 $ 0.08 $ (0.08) $ 0.05 $ 0.01 $ 0.11 $ 0.06 $ 0.15 $ (0.02) $ 0.04 $ (0.67)
[1] Costs of products sold (excluding depreciation and amortization) and subsequent subtotals and totals along with net loss per share for 2021 were adjusted to include inventory costs using the FIFO basis of costing. See Note 2.
[2] Retained deficit as of January 1, 2021, net loss for 2021 and retained deficit as of December 31, 2021 were adjusted to include inventory costs using the FIFO basis of costing. See Note 2.

 

See Notes to Consolidated Financial Statements.

[3] Net loss and the change in inventories for 2021 were adjusted to include inventory costs using the FIFO basis of costing. See Note 2.

 

See Notes to Consolidated Financial Statements.

[4] Net loss for 2021 and subsequent subtotals and totals were adjusted to include inventory costs using the FIFO basis of costing. See Note 2