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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 7,047 $ 10,703
Trade receivables, less allowance for credit losses of $285 as of June 30, 2026 and $242 as of December 31, 2025 86,375 78,981
Inventories 113,774 104,431
Insurance receivable - asbestos 19,000 19,000
Contract assets 6,361 9,790
Estimated recovery - UES-UK (Note 2) 5,370 7,500
Other current assets 8,069 6,825
Total current assets 247,946 239,620
Property, plant and equipment, net 126,979 129,133
Operating lease right-of-use assets 4,497 4,673
Insurance receivable - asbestos, less allowance for credit losses of $537 as of June 30, 2026 and December 31, 2025 97,965 107,838
Deferred income tax assets 3,865 3,898
Intangible assets, net 4,345 4,631
Investments in joint ventures 835 835
Other noncurrent assets 4,430 4,727
Total assets 490,862 495,355
Current liabilities:    
Accounts payable 45,180 46,268
Accrued payrolls and employee benefits 13,805 13,357
Debt – current portion 17,284 15,723
Operating lease liabilities – current portion 919 946
Asbestos liability – current portion 28,000 28,000
Customer-related liabilities 26,842 16,522
Other current liabilities 6,929 7,816
Total current liabilities 139,619 130,459
Employee benefit obligations 19,015 21,841
Asbestos liability 156,976 170,332
Long-term debt 120,283 117,903
Noncurrent operating lease liabilities 3,578 3,727
Deferred income tax liabilities 329 326
Other noncurrent liabilities 2,768 2,804
Total liabilities 442,568 447,392
Commitments and contingent liabilities (Note 10)
Shareholders’ equity:    
Common stock - par value $1; authorized 40,000 shares; issued and outstanding 20,614 shares as of June 30, 2026 and 20,237 shares as of December 31, 2025 20,614 20,237
Additional paid-in capital 177,906 179,232
Retained deficit (138,004) (138,626)
Accumulated other comprehensive loss (29,400) (28,204)
Total Ampco-Pittsburgh shareholders’ equity 31,116 32,639
Noncontrolling interest 17,178 15,324
Total shareholders’ equity 48,294 47,963
Total liabilities and shareholders’ equity 490,862 495,355
Related Party [Member]    
Current assets:    
Trade receivables from related parties 1,950 2,390
Current liabilities:    
Accounts payable to related parties $ 660 $ 1,827