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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 19,713 $ 18,656
Receivables, less allowance for doubtful accounts of $978 in 2018 and $962 in 2017 69,448 81,462
Inventories 94,196 93,452
Insurance receivable – asbestos 17,000 13,000
Other current assets 7,271 11,319
Current assets of discontinued operations 20,238 22,358
Total current assets 227,866 240,247
Property, plant and equipment, net 185,661 204,133
Insurance receivable – asbestos 135,508 87,342
Deferred income tax assets 3,188 1,590
Intangible assets, net 9,225 11,021
Investments in joint ventures 2,175 2,175
Other noncurrent assets 7,496 7,659
Noncurrent assets of discontinued operations 0 11,432
Total assets 571,119 565,599
Current liabilities:    
Accounts payable 38,900 35,443
Accrued payrolls and employee benefits 20,380 22,328
Debt – current portion 45,728 19,335
Asbestos liability – current portion 24,000 18,000
Other current liabilities 28,987 36,441
Current liabilities of discontinued operations 9,458 13,124
Total current liabilities 167,453 144,671
Employee benefit obligations 72,658 79,750
Asbestos liability 203,922 131,750
Deferred income tax liabilities 164 433
Long-term debt 31,881 46,818
Other noncurrent liabilities 2,072 416
Total liabilities 478,150 403,838
Commitments and contingent liabilities (Note 10)
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 154,889 152,992
Retained (deficit) earnings (30,355) 38,348
Accumulated other comprehensive loss (49,434) (44,760)
Total Ampco-Pittsburgh shareholders’ equity 87,595 158,941
Noncontrolling interest 5,374 2,820
Total shareholders’ equity 92,969 161,761
Total liabilities and shareholders’ equity $ 571,119 $ 565,599