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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 22,954 $ 20,700
Receivables, less allowance for doubtful accounts of $979 in 2018 and $962 in 2017 90,949 86,623
Inventories 118,180 107,561
Insurance receivable – asbestos 13,000 13,000
Other current assets 13,154 12,363
Total current assets 258,237 240,247
Property, plant and equipment, net 212,959 214,980
Insurance receivable – asbestos 82,388 87,342
Deferred income tax assets 3,186 1,590
Investments in joint ventures 2,175 2,175
Intangible assets, net 10,742 11,021
Other noncurrent assets 8,041 8,244
Total assets 577,728 565,599
Current liabilities:    
Accounts payable 52,642 47,479
Accrued payrolls and employee benefits 19,810 22,768
Debt – current portion 45,225 19,335
Asbestos liability – current portion 18,000 18,000
Other current liabilities 34,576 37,089
Total current liabilities 170,253 144,671
Employee benefit obligations 77,430 79,750
Asbestos liability 124,869 131,750
Long-term debt 37,447 46,818
Deferred income tax liabilities 228 433
Other noncurrent liabilities 2,215 416
Total liabilities 412,442 403,838
Commitments and contingent liabilities (Note 8)
Shareholders’ equity:    
Common stock – par value $1; authorized 20,000 shares; issued and outstanding 12,362 shares in 2018 and 12,361 shares in 2017 12,362 12,361
Additional paid-in capital 153,435 152,992
Retained earnings 39,921 38,348
Accumulated other comprehensive loss (43,851) (44,760)
Total Ampco-Pittsburgh shareholders’ equity 161,867 158,941
Noncontrolling interest 3,419 2,820
Total shareholders’ equity 165,286 161,761
Total liabilities and shareholders’ equity $ 577,728 $ 565,599