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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2017
Summary of Fair Value of Assets Acquired and Liabilities Assumed

The fair value of assets acquired and liabilities assumed as of the date of acquisition is as follows:

 

Current assets (excluding inventories)

 

$

41,703

 

Inventories

 

 

30,332

 

Property, plant and equipment

 

 

71,871

 

Intangible assets

 

 

11,784

 

Other noncurrent assets

 

 

8,068

 

Current liabilities

 

 

(71,690

)

Noncurrent liabilities

 

 

(43,153

)

Net assets acquired

 

 

48,915

 

Noncontrolling interest

 

 

(2,019

)

Goodwill

 

 

27,259

 

Base purchase price

 

$

74,155

 

 

Summary of Pro Forma Financial Information

The following pro forma financial information is presented for informational purposes only and is not necessarily indicative of the results of operations that would have been achieved had the acquisition occurred at the beginning of 2015:

 

 

 

Year Ended

December 31,

 

 

 

2016

 

2015

 

Net sales

 

$

393,243

 

$

440,265

 

Loss before income taxes (includes noncontrolling interest)

 

$

(63,498

)

$

(11,945

)

Net loss attributable to Ampco-Pittsburgh

 

$

(85,778

)

$

(24,740

)

Net loss per common share (basic) attributable to

   Ampco-Pittsburgh

 

$

(6.94

)

$

(2.03

)

 

ASW Steel Inc [Member]  
Summary of Fair Value of Assets Acquired and Liabilities Assumed

The fair value of assets acquired and liabilities assumed as of the date of the acquisition is summarized below.

 

Current assets (excluding inventories)

 

$

6,525

 

Inventories

 

 

6,956

 

Property, plant and equipment

 

 

10,310

 

Current liabilities

 

 

(10,675

)

Outstanding indebtedness

 

 

(9,616

)

Base purchase price

 

$

3,500