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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 20,700 $ 38,579
Receivables, less allowance for doubtful accounts of $962 in 2017 and $2,228 in 2016 86,623 72,233
Inventories 107,561 83,579
Insurance receivable – asbestos 13,000 13,000
Other current assets 12,363 14,073
Total current assets 240,247 221,464
Property, plant and equipment, net 214,980 214,408
Insurance receivable – asbestos 87,342 102,945
Deferred income tax assets 1,590 4,824
Investments in joint ventures 2,175 2,019
Intangible assets, net 11,021 11,601
Other noncurrent assets 8,244 8,628
Total assets 565,599 565,889
Current liabilities:    
Accounts payable 47,479 37,104
Accrued payrolls and employee benefits 22,768 20,166
Debt – current portion 19,335 26,825
Asbestos liability – current portion 18,000 18,000
Other current liabilities 37,089 42,197
Total current liabilities 144,671 144,292
Employee benefit obligations 79,750 91,947
Asbestos liability 131,750 153,181
Deferred income tax liabilities 433 591
Long-term debt 46,818 25,389
Other noncurrent liabilities 416 655
Total liabilities 403,838 416,055
Commitments and contingent liabilities (Note 10)
Shareholders’ equity:    
Common stock – par value $1; authorized 20,000 shares; issued and outstanding 12,361 shares in 2017 and 12,271 shares in 2016 12,361 12,271
Additional paid-in capital 152,992 151,089
Retained earnings 38,348 45,443
Accumulated other comprehensive loss (44,760) (60,885)
Total Ampco-Pittsburgh shareholders’ equity 158,941 147,918
Noncontrolling interest 2,820 1,916
Total shareholders’ equity 161,761 149,834
Total liabilities and shareholders’ equity $ 565,599 $ 565,889