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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 12,251 $ 16,842
Receivables, less allowance for doubtful accounts of $964 as of September 30, 2021 and $1,131 as of December 31, 2020 67,388 60,366
Inventories 82,390 73,243
Insurance receivable – asbestos 16,000 16,000
Other current assets 4,799 5,381
Total current assets 182,828 171,832
Property, plant and equipment, net 159,792 162,098
Operating lease right-of-use assets 4,020 4,344
Insurance receivable – asbestos 93,713 101,937
Deferred income tax assets 2,163 2,493
Intangible assets, net 6,437 7,217
Investments in joint ventures 2,175 2,175
Other noncurrent assets 12,746 11,112
Total assets 463,874 463,208
Current liabilities:    
Accounts payable 38,922 26,678
Accrued payrolls and employee benefits 16,356 19,304
Debt – current portion 18,849 12,436
Operating lease liabilities – current portion 634 674
Asbestos liability – current portion 22,000 22,000
Other current liabilities 22,971 24,240
Total current liabilities 119,732 105,332
Employee benefit obligations 75,068 81,832
Asbestos liability 143,867 158,196
Long-term debt 29,051 24,807
Noncurrent operating lease liabilities 3,387 3,670
Deferred income tax liabilities 1,773 1,403
Other noncurrent liabilities 2,335 2,969
Total liabilities 375,213 378,209
Commitments and contingent liabilities (Note 8)
Shareholders’ equity:    
Common stock – par value $1; authorized 40,000 shares; issued and outstanding 19,094 shares as of September 30, 2021 and 18,312 shares as of December 31, 2020 19,094 18,312
Additional paid-in capital 174,026 170,318
Retained deficit (43,730) (43,371)
Accumulated other comprehensive loss (69,698) (68,695)
Total Ampco-Pittsburgh shareholders’ equity 79,692 76,564
Noncontrolling interest 8,969 8,435
Total shareholders’ equity 88,661 84,999
Total liabilities and shareholders’ equity $ 463,874 $ 463,208