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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 7,372 $ 10,337
Receivables, less allowance for doubtful accounts of $1,020 as of June 30, 2022, and $1,240 as of December 31, 2021 86,081 68,829
Receivables from related parties (Note 17) 2 0
Inventories 100,352 88,198
Insurance receivable – asbestos 16,000 16,000
Other current assets 5,513 4,933
Total current assets 215,320 188,297
Property, plant and equipment, net 155,063 158,563
Operating lease right-of-use assets 3,763 4,056
Insurance receivable – asbestos 100,727 105,297
Deferred income tax assets 2,175 2,176
Intangible assets, net 5,431 6,204
Investments in joint ventures 2,175 2,175
Prepaid pensions 11,234 11,963
Other noncurrent assets 5,883 6,901
Total assets 501,771 485,632
Current liabilities:    
Accounts payable 44,654 43,105
Accounts payable to related parties (Note 17) 972 1,125
Accrued payrolls and employee benefits 14,292 15,954
Debt – current portion 14,012 20,007
Operating lease liabilities – current portion 624 641
Asbestos liability – current portion 23,000 23,000
Other current liabilities 31,206 21,210
Total current liabilities 128,760 125,042
Employee benefit obligations 57,262 62,114
Asbestos liability 148,710 157,314
Long-term debt 75,791 40,912
Noncurrent operating lease liabilities 3,139 3,415
Deferred income tax liabilities 3,531 3,858
Other noncurrent liabilities 920 1,171
Total liabilities 418,113 393,826
Commitments and contingent liabilities (Note 8)
Shareholders’ equity:    
Common stock – par value $1; authorized 40,000 shares; issued and outstanding 19,355 shares as of June 30, 2022, and 19,184 shares as of December 31, 2021 19,355 19,184
Additional paid-in capital 174,868 174,561
Retained deficit (54,018) (56,066)
Accumulated other comprehensive loss (65,424) (55,106)
Total Ampco-Pittsburgh shareholders’ equity 74,781 82,573
Noncontrolling interest 8,877 9,233
Total shareholders’ equity 83,658 91,806
Total liabilities and shareholders’ equity $ 501,771 $ 485,632