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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 16,842 $ 6,960
Receivables, less allowance for doubtful accounts of $1,131 in 2020 and $3,041 in 2019 60,366 81,783
Inventories 73,243 82,289
Insurance receivable – asbestos 16,000 16,000
Other current assets 5,381 6,380
Total current assets 171,832 193,412
Property, plant and equipment, net 162,098 166,392
Operating lease right-of-use assets, net 4,344 4,263
Insurance receivable – asbestos 101,937 120,932
Deferred income tax assets 2,493 2,997
Intangible assets, net 7,217 7,625
Investments in joint ventures 2,175 2,175
Other noncurrent assets 11,112 8,764
Total assets 463,208 506,560
Current liabilities:    
Accounts payable 26,678 33,271
Accrued payrolls and employee benefits 19,304 22,266
Debt – current portion 12,436 20,363
Operating lease liabilities – current portion 674 612
Asbestos liability – current portion 22,000 21,000
Other current liabilities 24,240 26,720
Total current liabilities 105,332 124,232
Employee benefit obligations 81,832 83,936
Asbestos liability 158,196 186,633
Long-term debt 24,807 50,494
Noncurrent operating lease liabilities 3,670 3,651
Deferred income tax liabilities 1,403 543
Other noncurrent liabilities 2,969 1,455
Total liabilities 378,209 450,944
Commitments and contingent liabilities (Note 12)
Shareholders’ equity:    
Common stock – par value $1; authorized 40,000 shares; issued and outstanding 18,312 shares in 2020 and 12,652 shares in 2019 18,312 12,652
Additional paid-in capital 170,318 156,251
Retained deficit (43,371) (51,341)
Accumulated other comprehensive loss (68,695) (68,662)
Total Ampco-Pittsburgh shareholders’ equity 76,564 48,900
Noncontrolling interest 8,435 6,716
Total shareholders’ equity 84,999 55,616
Total liabilities and shareholders’ equity $ 463,208 $ 506,560