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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 9,829 $ 19,713
Receivables, less allowance for doubtful accounts of $2,827 in 2019 and $978 in 2018 77,081 69,448
Inventories 86,976 94,196
Insurance receivable – asbestos 17,000 17,000
Other current assets 6,687 7,271
Current assets of discontinued operations 0 20,238
Total current assets 197,573 227,866
Property, plant and equipment, net 164,579 185,661
Operating lease right-of-use assets 5,428 0
Insurance receivable – asbestos 124,032 135,508
Deferred income tax assets 3,075 3,188
Intangible assets, net 7,709 9,225
Investments in joint ventures 2,175 2,175
Other noncurrent assets 8,942 7,496
Total assets 513,513 571,119
Current liabilities:    
Accounts payable 36,445 38,900
Accrued payrolls and employee benefits 20,244 20,380
Debt – current portion 20,041 45,728
Operating lease liabilities – current portion 618 0
Asbestos liability – current portion 24,000 24,000
Other current liabilities 28,132 28,987
Current liabilities of discontinued operations 0 9,458
Total current liabilities 129,480 167,453
Employee benefit obligations 71,162 72,658
Asbestos liability 188,953 203,922
Deferred income tax liabilities 609 164
Long-term debt 55,026 31,881
Noncurrent operating lease liabilities 4,810 0
Other noncurrent liabilities 2,258 2,072
Total liabilities 452,298 478,150
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 12,642 shares in 2019 and 12,495 shares in 2018 12,642 12,495
Additional paid-in capital 155,955 154,889
Retained deficit (54,416) (30,355)
Accumulated other comprehensive loss (59,127) (49,434)
Total Ampco-Pittsburgh shareholders’ equity 55,054 87,595
Noncontrolling interest 6,161 5,374
Total shareholders’ equity 61,215 92,969
Total liabilities and shareholders’ equity $ 513,513 $ 571,119