XML 15 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 15,427 $ 7,286
Receivables, less allowance for credit losses of $906 in 2024 and $975 in 2023 70,611 78,939
Inventories 116,761 124,694
Insurance receivable - asbestos 15,000 15,000
Contract assets 8,486 4,452
Other current assets 8,663 5,370
Total current assets 236,787 236,653
Property, plant and equipment, net 148,056 158,732
Operating lease right-of-use assets, net 4,592 4,767
Insurance receivable - asbestos, less allowance for credit losses of $656 in 2024 and $708 in 2023 124,295 145,245
Deferred income tax assets 2,851 3,160
Intangible assets, net 4,255 4,947
Investments in joint ventures 2,175 2,175
Prepaid pensions 3,652 4,951
Other noncurrent assets 4,233 5,024
Total assets 530,896 565,654
Current liabilities:    
Accounts payable 36,310 36,830
Accrued payrolls and employee benefits 17,104 14,703
Debt – current portion 12,186 12,271
Operating lease liabilities – current portion 878 946
Asbestos liability – current portion 24,000 24,000
Customer-related liabilities 25,608 19,915
Other current liabilities 8,719 7,819
Total current liabilities 125,216 116,885
Employee benefit obligations 28,204 41,684
Asbestos liability 183,092 214,679
Long-term debt 116,394 116,382
Noncurrent operating lease liabilities 3,714 3,822
Deferred income tax liabilities 450 543
Other noncurrent liabilities 2,735 88
Total liabilities 459,805 494,083
Commitments and contingent liabilities (Note 12)
Shareholders’ equity:    
Common stock-- par value $1; authorized 40,000 shares; issued and outstanding 19,980 shares at December 31, 2024 and 19,729 shares at December 31, 2023 19,980 19,729
Additional paid-in capital 178,298 177,196
Retained deficit (72,559) (72,997)
Accumulated other comprehensive loss (66,836) (62,989)
Total Ampco-Pittsburgh shareholders’ equity 58,883 60,939
Noncontrolling interest 12,208 10,632
Total shareholders’ equity 71,091 71,571
Total liabilities and shareholders’ equity 530,896 565,654
Related Party [Member]    
Current assets:    
Receivables from related parties 1,839 912
Current liabilities:    
Accounts payable to related parties $ 411 $ 401