XML 13 R2.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 6,456 $ 19,713
Receivables, less allowance for doubtful accounts of $2,801 in 2019 and $978 in 2018 85,232 69,448
Inventories 93,609 94,196
Insurance receivable – asbestos 17,000 17,000
Other current assets 5,301 7,271
Current assets of discontinued operations 14,047 20,238
Total current assets 221,645 227,866
Property, plant and equipment, net 171,379 185,661
Operating lease right-of-use assets 5,614 0
Insurance receivable – asbestos 127,934 135,508
Deferred income tax assets 2,889 3,188
Intangible assets, net 8,241 9,225
Investments in joint ventures 2,175 2,175
Other noncurrent assets 8,693 7,496
Total assets 548,570 571,119
Current liabilities:    
Accounts payable 41,854 38,900
Accrued payrolls and employee benefits 19,918 20,380
Debt – current portion 21,337 45,728
Operating lease liabilities – current portion 899 0
Asbestos liability – current portion 24,000 24,000
Other current liabilities 29,640 28,987
Current liabilities of discontinued operations 8,342 9,458
Total current liabilities 145,990 167,453
Employee benefit obligations 65,479 72,658
Asbestos liability 194,345 203,922
Deferred income tax liabilities 469 164
Long-term debt 56,806 31,881
Noncurrent operating lease liabilities 4,715 0
Other noncurrent liabilities 2,014 2,072
Total liabilities 469,818 478,150
Commitments and contingent liabilities (Note 9)
Shareholders’ equity:    
Common stock – par value $1; authorized 40,000 shares in 2019 and 20,000 shares in 2018; issued and outstanding 12,624 shares in 2019 and 12,495 shares in 2018 12,624 12,495
Additional paid-in capital 155,644 154,889
Retained deficit (49,361) (30,355)
Accumulated other comprehensive loss (46,128) (49,434)
Total Ampco-Pittsburgh shareholders’ equity 72,779 87,595
Noncontrolling interest 5,973 5,374
Total shareholders’ equity 78,752 92,969
Total liabilities and shareholders’ equity $ 548,570 $ 571,119