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Accumulated Other Comprehensive Loss (Tables)
6 Months Ended
Jun. 30, 2021
Equity [Abstract]  
Net Change and Ending Balances for Various Components of Accumulated Other Comprehensive Loss

Net change and ending balances for the various components of accumulated other comprehensive loss as of and for the six months ended June 30, 2021, and 2020, are summarized below. All amounts are net of tax where applicable.

 

 

Foreign

Currency

Translation

 

 

Unrecognized

Employee

Benefit Costs

 

 

Cash Flow

Hedges

 

 

Total

Accumulated Other

Comprehensive Loss

 

 

Less:

Noncontrolling

Interest

 

 

Accumulated Other

Comprehensive Loss

Attributable to Ampco-Pittsburgh

 

Balance at January 1, 2021

 

$

(11,371

)

 

$

(57,652

)

 

$

589

 

 

$

(68,434

)

 

$

261

 

 

$

(68,695

)

Net change

 

 

458

 

 

 

886

 

 

 

(165

)

 

 

1,179

 

 

 

102

 

 

 

1,077

 

Balance at June 30, 2021

 

$

(10,913

)

 

$

(56,766

)

 

$

424

 

 

$

(67,255

)

 

$

363

 

 

$

(67,618

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at January 1, 2020

 

$

(18,352

)

 

$

(50,859

)

 

$

291

 

 

$

(68,920

)

 

$

(258

)

 

$

(68,662

)

Net change

 

 

(1,958

)

 

 

1,361

 

 

 

(43

)

 

 

(640

)

 

 

(100

)

 

 

(540

)

Balance at June 30, 2020

 

$

(20,310

)

 

$

(49,498

)

 

$

248

 

 

$

(69,560

)

 

$

(358

)

 

$

(69,202

)

 

 

Line Items Affected on Condensed Consolidated Statements of Operations for Components Reclassified from Accumulated Other Comprehensive Loss The following summarizes the line items affected on the condensed consolidated statements of operations for components reclassified from accumulated other comprehensive loss. Amounts in parentheses represent credits to net income.

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Amortization of unrecognized employee benefit costs:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income

$

570

 

 

$

378

 

 

$

946

 

 

$

763

 

Income tax provision

 

(18

)

 

 

0

 

 

 

(32

)

 

 

0

 

Net of tax

$

552

 

 

$

378

 

 

$

914

 

 

$

763

 

Settlements of cash flow hedges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization (foreign currency purchase contracts)

$

(7

)

 

$

(6

)

 

$

(14

)

 

$

(13

)

Costs of products sold (excluding depreciation and amortization)

(futures contracts – copper and aluminum)

 

(382

)

 

 

178

 

 

 

(706

)

 

 

170

 

Total before income tax

 

(389

)

 

 

172

 

 

 

(720

)

 

 

157

 

Income tax provision

 

0

 

 

 

0

 

 

 

0

 

 

 

0

 

Net of tax

$

(389

)

 

$

172

 

 

$

(720

)

 

$

157