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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 6,960 $ 19,713
Receivables, less allowance for doubtful accounts of $3,041 in 2019 and $978 in 2018 81,783 69,448
Inventories 82,289 94,196
Insurance receivable – asbestos 16,000 17,000
Other current assets 6,380 7,271
Current assets of discontinued operations 0 20,238
Total current assets 193,412 227,866
Property, plant and equipment, net 166,392 185,661
Operating lease right-of-use assets, net 4,263 0
Insurance receivable – asbestos 120,932 135,508
Deferred income tax assets 2,997 3,188
Intangible assets, net 7,625 9,225
Investments in joint ventures 2,175 2,175
Other noncurrent assets 8,764 7,496
Total assets 506,560 571,119
Current liabilities:    
Accounts payable 33,271 38,900
Accrued payrolls and employee benefits 22,266 20,380
Debt – current portion 20,363 45,728
Operating lease liabilities – current portion 612 0
Asbestos liability – current portion 21,000 24,000
Other current liabilities 26,720 28,987
Current liabilities of discontinued operations 0 9,458
Total current liabilities 124,232 167,453
Employee benefit obligations 83,936 72,658
Asbestos liability 186,633 203,922
Long-term debt 50,494 31,881
Noncurrent operating lease liabilities 3,651 0
Deferred income tax liabilities 543 164
Other noncurrent liabilities 1,455 2,072
Total liabilities 450,944 478,150
Commitments and contingent liabilities (Note 12)
Shareholders’ equity:    
Common stock – par value $1; authorized 40,000 shares in 2019 and 20,000 shares in 2018; issued and outstanding 12,652 shares in 2019 and 12,495 shares in 2018 12,652 12,495
Additional paid-in capital 156,251 154,889
Retained deficit (51,341) (30,355)
Accumulated other comprehensive loss (68,662) (49,434)
Total Ampco-Pittsburgh shareholders’ equity 48,900 87,595
Noncontrolling interest 6,716 5,374
Total shareholders’ equity 55,616 92,969
Total liabilities and shareholders’ equity $ 506,560 $ 571,119