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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 13,313 $ 16,842
Receivables, less allowance for doubtful accounts of $953 as of June 30, 2021 and $1,131 at December 31, 2020 70,102 60,366
Inventories 78,935 73,243
Insurance receivable – asbestos 16,000 16,000
Other current assets 7,603 5,381
Total current assets 185,953 171,832
Property, plant and equipment, net 158,621 162,098
Operating lease right-of-use assets 4,155 4,344
Insurance receivable – asbestos 96,279 101,937
Deferred income tax assets 2,493 2,493
Intangible assets, net 6,654 7,217
Investments in joint ventures 2,175 2,175
Other noncurrent assets 12,624 11,112
Total assets 468,954 463,208
Current liabilities:    
Accounts payable 35,862 26,678
Accrued payrolls and employee benefits 17,757 19,304
Debt – current portion 14,269 12,436
Operating lease liabilities – current portion 654 674
Asbestos liability – current portion 22,000 22,000
Other current liabilities 26,280 24,240
Total current liabilities 116,822 105,332
Employee benefit obligations 77,421 81,832
Asbestos liability 148,776 158,196
Long-term debt 26,613 24,807
Noncurrent operating lease liabilities 3,501 3,670
Deferred income tax liabilities 1,760 1,403
Other noncurrent liabilities 2,453 2,969
Total liabilities 377,346 378,209
Commitments and contingent liabilities (Note 8)
Shareholders’ equity:    
Common stock – par value $1; authorized 40,000 shares; issued and outstanding 19,076 shares as of June 30, 2021 and 18,312 shares at December 31, 2020 19,076 18,312
Additional paid-in capital 173,446 170,318
Retained deficit (42,141) (43,371)
Accumulated other comprehensive loss (67,618) (68,695)
Total Ampco-Pittsburgh shareholders’ equity 82,763 76,564
Noncontrolling interest 8,845 8,435
Total shareholders’ equity 91,608 84,999
Total liabilities and shareholders’ equity $ 468,954 $ 463,208