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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 18,251 $ 16,842
Receivables, less allowance for doubtful accounts of $935 in 2021 and $1,131 in 2020 69,947 60,366
Inventories 75,793 73,243
Insurance receivable – asbestos 16,000 16,000
Other current assets 6,076 5,381
Total current assets 186,067 171,832
Property, plant and equipment, net 157,901 162,098
Operating lease right-of-use assets 4,273 4,344
Insurance receivable – asbestos 99,862 101,937
Deferred income tax assets 2,493 2,493
Intangible assets, net 6,702 7,217
Investments in joint ventures 2,175 2,175
Other noncurrent assets 11,821 11,112
Total assets 471,294 463,208
Current liabilities:    
Accounts payable 34,824 26,678
Accrued payrolls and employee benefits 20,116 19,304
Debt – current portion 14,584 12,436
Operating lease liabilities – current portion 686 674
Asbestos liability – current portion 22,000 22,000
Other current liabilities 26,928 24,240
Total current liabilities 119,138 105,332
Employee benefit obligations 79,272 81,832
Asbestos liability 154,856 158,196
Long-term debt 21,909 24,807
Noncurrent operating lease liabilities 3,587 3,670
Deferred income tax liabilities 1,417 1,403
Other noncurrent liabilities 2,632 2,969
Total liabilities 382,811 378,209
Commitments and contingent liabilities (Note 8)
Shareholders’ equity:    
Common stock – par value $1; authorized 40,000 shares; issued and outstanding 18,857 shares in 2021 and 18,312 shares in 2020 18,857 18,312
Additional paid-in capital 173,401 170,318
Retained deficit (43,204) (43,371)
Accumulated other comprehensive loss (69,187) (68,695)
Total Ampco-Pittsburgh shareholders’ equity 79,867 76,564
Noncontrolling interest 8,616 8,435
Total shareholders’ equity 88,483 84,999
Total liabilities and shareholders’ equity $ 471,294 $ 463,208