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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 6,070 $ 8,735
Trade receivables 83,148 77,426
Inventories 130,748 121,739
Insurance receivable – asbestos 15,000 15,000
Other current assets 7,437 7,442
Total current assets 242,536 231,408
Property, plant and equipment, net 156,088 154,998
Operating lease right-of-use assets 4,868 3,522
Insurance receivable – asbestos 81,393 90,910
Deferred income tax assets 2,141 2,141
Intangible assets, net 4,727 5,194
Investments in joint ventures 2,175 2,175
Prepaid pensions 7,490 7,242
Other noncurrent assets 4,696 5,184
Total assets 506,114 502,774
Current liabilities:    
Accounts payable 42,613 43,209
Accrued payrolls and employee benefits 14,534 11,796
Debt – current portion 13,608 12,410
Operating lease liabilities – current portion 946 635
Asbestos liability – current portion 23,000 23,000
Other current liabilities 23,181 24,763
Total current liabilities 118,758 116,225
Employee benefit obligations 39,034 43,431
Asbestos liability 114,354 130,575
Long-term debt 114,182 93,061
Noncurrent operating lease liabilities 3,922 2,886
Deferred income tax liabilities 1,343 2,518
Other noncurrent liabilities 236 682
Total liabilities 391,829 389,378
Commitments and contingent liabilities (Note 9)
Shareholders’ equity:    
Common stock - par value $1; authorized 40,000 shares; issued and outstanding 19,729 shares as of September 30, 2023 and 19,404 shares as of December 31, 2022 19,729 19,404
Additional paid-in capital 176,680 175,656
Retained deficit (31,161) (32,322)
Accumulated other comprehensive loss (60,804) (58,412)
Total Ampco-Pittsburgh shareholders’ equity 104,444 104,326
Noncontrolling interest 9,841 9,070
Total shareholders’ equity 114,285 113,396
Total liabilities and shareholders’ equity 506,114 502,774
Related Party [Member]    
Current assets:    
Trade receivables from related parties 133 1,066
Current liabilities:    
Accounts payable to related parties $ 876 $ 412