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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 6,785 $ 10,337
Receivables, less allowance for doubtful accounts of $1,054 as of March 31, 2022 and $1,240 as of December 31, 2021 81,765 68,829
Receivables from related parties (Note 17) 866 0
Inventories 97,872 88,198
Insurance receivable – asbestos 16,000 16,000
Other current assets 6,531 4,933
Total current assets 209,819 188,297
Property, plant and equipment, net 156,485 158,563
Operating lease right-of-use assets 3,927 4,056
Insurance receivable – asbestos 103,697 105,297
Deferred income tax assets 2,176 2,176
Intangible assets, net 5,970 6,204
Investments in joint ventures 2,175 2,175
Prepaid pensions 11,887 11,963
Other noncurrent assets 6,498 6,901
Total assets 502,634 485,632
Current liabilities:    
Accounts payable 47,979 43,105
Accounts payable to related parties (Note 17) 2,635 1,125
Accrued payrolls and employee benefits 14,441 15,954
Debt – current portion 19,530 20,007
Operating lease liabilities – current portion 626 641
Asbestos liability – current portion 23,000 23,000
Other current liabilities 21,935 21,210
Total current liabilities 130,146 125,042
Employee benefit obligations 59,682 62,114
Asbestos liability 154,280 157,314
Long-term debt 58,392 40,912
Noncurrent operating lease liabilities 3,301 3,415
Deferred income tax liabilities 3,733 3,858
Other noncurrent liabilities 1,170 1,171
Total liabilities 410,704 393,826
Commitments and contingent liabilities (Note 8)
Shareholders’ equity:    
Common stock – par value $1; authorized 40,000 shares; issued and outstanding 19,191 shares as of March 31, 2022 and 19,184 shares as of December 31, 2021 19,191 19,184
Additional paid-in capital 174,824 174,561
Retained deficit (54,421) (56,066)
Accumulated other comprehensive loss (56,889) (55,106)
Total Ampco-Pittsburgh shareholders’ equity 82,705 82,573
Noncontrolling interest 9,225 9,233
Total shareholders’ equity 91,930 91,806
Total liabilities and shareholders’ equity $ 502,634 $ 485,632