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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 14,778 $ 20,700
Receivables, less allowance for doubtful accounts of $786 in 2018 and $962 in 2017 85,567 86,623
Inventories 107,202 107,561
Insurance receivable – asbestos 15,000 13,000
Current assets held for sale 7,129 0
Other current assets 11,507 12,363
Total current assets 241,183 240,247
Property, plant and equipment, net 201,670 214,980
Insurance receivable – asbestos 72,331 87,342
Deferred income tax assets 2,490 1,590
Investments in joint ventures 2,175 2,175
Intangible assets, net 9,563 11,021
Other noncurrent assets 6,633 8,244
Total assets 536,045 565,599
Current liabilities:    
Accounts payable 51,324 47,479
Accrued payrolls and employee benefits 19,649 22,768
Debt – current portion 46,163 19,335
Asbestos liability – current portion 21,000 18,000
Current liabilities held for sale 278 0
Other current liabilities 29,063 37,089
Total current liabilities 167,477 144,671
Employee benefit obligations 73,099 79,750
Asbestos liability 110,220 131,750
Long-term debt 31,891 46,818
Deferred income tax liabilities 385 433
Other noncurrent liabilities 2,190 416
Total liabilities 385,262 403,838
Commitments and contingent liabilities (Note 8)
Shareholders’ equity:    
Common stock – par value $1; authorized 20,000 shares; issued and outstanding 12,495 shares in 2018 and 12,361 shares in 2017 12,495 12,361
Additional paid-in capital 154,650 152,992
Retained earnings 29,888 38,348
Accumulated other comprehensive loss (50,218) (44,760)
Total Ampco-Pittsburgh shareholders’ equity 146,815 158,941
Noncontrolling interest 3,968 2,820
Total shareholders’ equity 150,783 161,761
Total liabilities and shareholders’ equity $ 536,045 $ 565,599