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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 9,945 $ 15,427
Trade receivables, less allowance for credit losses of $527 as of June 30, 2025 and $906 as of December 31, 2024 84,339 70,611
Inventories 123,674 116,761
Insurance receivable - asbestos 15,000 15,000
Contract assets 6,487 8,486
Other current assets 9,909 8,663
Total current assets 251,204 236,787
Property, plant and equipment, net 146,826 148,056
Operating lease right-of-use assets 4,968 4,592
Insurance receivable - asbestos, less allowance for credit losses of $656 as of June 30, 2025 and December 31, 2024 115,143 124,295
Deferred income tax assets 2,869 2,851
Intangible assets, net 4,654 4,255
Investments in joint ventures 2,175 2,175
Prepaid pensions 4,229 3,652
Other noncurrent assets 5,085 4,233
Total assets 537,153 530,896
Current liabilities:    
Accounts payable 45,284 36,310
Accrued payrolls and employee benefits 20,712 17,104
Debt – current portion 18,717 12,186
Operating lease liabilities – current portion 941 878
Asbestos liability – current portion 24,000 24,000
Customer-related liabilities 20,362 25,608
Other current liabilities 9,168 8,719
Total current liabilities 139,806 125,216
Employee benefit obligations 25,815 28,204
Asbestos liability 169,964 183,092
Long-term debt 115,895 116,394
Noncurrent operating lease liabilities 4,027 3,714
Deferred income tax liabilities 465 450
Other noncurrent liabilities 4,686 2,735
Total liabilities 460,658 459,805
Commitments and contingent liabilities (Note 10)
Shareholders’ equity:    
Common stock - par value $1; authorized 40,000 shares; issued and outstanding 20,225 shares as of June 30, 2025 and 19,980 shares as of December 31, 2024 20,225 19,980
Additional paid-in capital 178,529 178,298
Retained deficit (78,752) (72,559)
Accumulated other comprehensive loss (57,319) (66,836)
Total Ampco-Pittsburgh shareholders’ equity 62,683 58,883
Noncontrolling interest 13,812 12,208
Total shareholders’ equity 76,495 71,091
Total liabilities and shareholders’ equity 537,153 530,896
Related Party [Member]    
Current assets:    
Trade receivables from related parties 1,850 1,839
Current liabilities:    
Accounts payable to related parties $ 622 $ 411