XML 56 R4.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Income Statement [Abstract]        
Net sales $ 90,872 $ 98,824 $ 300,885 $ 323,610
Operating costs and expenses:        
Costs of products sold (excluding depreciation and amortization) 75,475 82,007 250,232 268,500
Selling and administrative 12,365 13,999 40,179 43,128
Depreciation and amortization 4,502 5,361 14,411 16,409
Impairment charge 0 0 10,082 0
(Gain) loss on disposal of assets (130) 304 (67) 386
Total operating expenses 92,212 101,671 314,837 328,423
Loss from continuing operations (1,340) (2,847) (13,952) (4,813)
Other income (expense):        
Investment-related income 19 433 1,419 500
Interest expense (1,541) (1,054) (4,035) (2,947)
Other – net 2,068 1,255 4,289 5,597
Total other income (expense) 546 634 1,673 3,150
Loss from continuing operations before income taxes (794) (2,213) (12,279) (1,663)
Income tax provision (429) (800) (1,716) (883)
Net loss from continuing operations (1,223) (3,013) (13,995) (2,546)
Loss from discontinued operations, net of tax (3,398) (3,443) (9,031) (5,221)
Net loss (4,621) (6,456) (23,026) (7,767)
Less: Net income attributable to noncontrolling interest 434 583 1,035 1,325
Net loss attributable to Ampco-Pittsburgh $ (5,055) $ (7,039) $ (24,061) $ (9,092)
Net loss from continuing operations per common share:        
Basic $ (0.10) $ (0.24) $ (1.11) $ (0.20)
Diluted (0.10) (0.24) (1.11) (0.20)
Loss from discontinued operations, net of tax, per common share:        
Basic (0.27) (0.28) (0.72) (0.42)
Diluted (0.27) (0.28) (0.72) (0.42)
Net loss per common share attributable to Ampco-Pittsburgh:        
Basic (0.40) (0.56) (1.91) (0.73)
Diluted $ (0.40) $ (0.56) $ (1.91) $ (0.73)
Weighted average number of common shares outstanding:        
Basic 12,640 12,494 12,572 12,432
Diluted 12,640 12,494 12,572 12,432