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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 10,443 $ 19,713
Receivables, less allowance for doubtful accounts of $1,028 in 2019 and $978 in 2018 86,557 69,448
Inventories 93,433 94,196
Insurance receivable – asbestos 17,000 17,000
Other current assets 6,085 7,271
Current assets of discontinued operations 17,754 20,238
Total current assets 231,272 227,866
Property, plant and equipment, net 173,492 185,661
Operating lease right-of-use assets 5,823 0
Insurance receivable – asbestos 133,093 135,508
Deferred income tax assets 2,934 3,188
Intangible assets, net 8,527 9,225
Investments in joint ventures 2,175 2,175
Other noncurrent assets 7,935 7,496
Total assets 565,251 571,119
Current liabilities:    
Accounts payable 45,807 38,900
Accrued payrolls and employee benefits 19,031 20,380
Debt – current portion 19,256 45,728
Operating lease liabilities – current portion 518 0
Asbestos liability – current portion 24,000 24,000
Other current liabilities 29,918 28,987
Current liabilities of discontinued operations 9,786 9,458
Total current liabilities 148,316 167,453
Employee benefit obligations 66,443 72,658
Asbestos liability 201,133 203,922
Deferred income tax liabilities 256 164
Long-term debt 58,061 31,881
Noncurrent operating lease liabilities 5,305 0
Other noncurrent liabilities 2,003 2,072
Total liabilities 481,517 478,150
Commitments and contingent liabilities (Note 9)
Shareholders’ equity:    
Common stock – par value $1; authorized 20,000 shares; issued and outstanding 12,513 shares in 2019 and 12,495 shares in 2018 12,513 12,495
Additional paid-in capital 155,283 154,889
Retained deficit (45,503) (30,355)
Accumulated other comprehensive loss (44,421) (49,434)
Total Ampco-Pittsburgh shareholders’ equity 77,872 87,595
Noncontrolling interest 5,862 5,374
Total shareholders’ equity 83,734 92,969
Total liabilities and shareholders’ equity $ 565,251 $ 571,119