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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 7,286 $ 8,735
Receivables, less allowance for credit losses 78,939 72,495
Inventories 124,694 121,739
Insurance receivable - asbestos, less allowance for credit losses 15,000 15,000
Contract assets 4,452 4,931
Other current assets 5,370 7,442
Total current assets 236,653 231,408
Property, plant and equipment, net 158,732 154,998
Operating lease right-of-use assets, net 4,767 3,522
Insurance receivable - asbestos 145,245 90,910
Deferred income tax assets 3,160 2,141
Intangible assets, net 4,947 5,194
Investments in joint ventures 2,175 2,175
Prepaid pensions 4,951 7,242
Other noncurrent assets 5,024 5,184
Total assets 565,654 502,774
Current liabilities:    
Accounts payable 36,830 43,209
Accrued payrolls and employee benefits 14,703 11,796
Debt – current portion 12,271 12,410
Operating lease liabilities – current portion 946 635
Asbestos liability – current portion 24,000 23,000
Other current liabilities 27,734 24,763
Total current liabilities 116,885 116,225
Employee benefit obligations 41,684 43,431
Asbestos liability 214,679 130,575
Long-term debt 116,382 93,061
Noncurrent operating lease liabilities 3,822 2,886
Deferred income tax liabilities 543 2,518
Other noncurrent liabilities 88 682
Total liabilities 494,083 389,378
Commitments and contingent liabilities (Note 12)
Shareholders’ equity:    
Common stock-- par value $1; authorized 40,000 shares; issued and outstanding 19,729 shares at December 31, 2023 and 19,404 shares at December 31, 2022 19,729 19,404
Additional paid-in capital 177,196 175,656
Retained deficit (72,997) (32,322)
Accumulated other comprehensive loss (62,989) (58,412)
Total Ampco-Pittsburgh shareholders’ equity 60,939 104,326
Noncontrolling interest 10,632 9,070
Total shareholders’ equity 71,571 113,396
Total liabilities and shareholders’ equity 565,654 502,774
Related Party [Member]    
Current assets:    
Receivables from related parties 912 1,066
Current liabilities:    
Accounts payable to related parties $ 401 $ 412