10-Q

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

x QUARTERLY REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2013

OR

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from                      to                     

Commission File Number 1-898

AMPCO-PITTSBURGH CORPORATION

Pennsylvania	25-1117717
(State of Incorporation)	(I.R.S. Employer Identification No.)

600 Grant Street, Suite 4600

Pittsburgh, Pennsylvania 15219

(Address of principal executive offices)

(412) 456-4400

(Registrant’s telephone number)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter periods that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  x    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “accelerated filer”, “large accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	¨	Accelerated filer	x
Non-accelerated filer	¨	Smaller reporting company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  x

On May 2, 2013, 10,357,746 common shares were outstanding.

AMPCO-PITTSBURGH CORPORATION

INDEX

		Page No.
Part I – Financial Information:
Item 1 –	Financial Statements (Unaudited)
	Condensed Consolidated Balance Sheets – March 31, 2013 and December 31, 2012		3
	Condensed Consolidated Statements of Operations – Three Months Ended March 31, 2013 and 2012		4
	Condensed Consolidated Statements of Comprehensive (Loss) Income – Three Months Ended March  31, 2013 and 2012		5
	Condensed Consolidated Statements of Cash Flows – Three Months Ended March 31, 2013 and 2012		6
	Notes to Condensed Consolidated Financial Statements		7
Item 2 –	Management’s Discussion and Analysis of Financial Condition and Results of Operations		18
Item 3 –	Quantitative and Qualitative Disclosures About Market Risk		20
Item 4 –	Controls and Procedures		20
Part II – Other Information:
Item 1 –	Legal Proceedings		21
Item 1A –	Risk Factors		21
Item 6 –	Exhibits		21
Signatures			22
Exhibit Index			23
Exhibits
	Exhibit 10
	Exhibit 31.1
	Exhibit 31.2
	Exhibit 32.1
	Exhibit 32.2
	Exhibit 101

2

PART I – FINANCIAL INFORMATION

AMPCO-PITTSBURGH CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(UNAUDITED)

(in thousands, except par value)

	March 31, 2013			December 31, 2012
Assets
Current assets:
Cash and cash equivalents	$	82,165		$	78,889
Receivables, less allowance for doubtful accounts of $530 in 2013 and $519 in 2012		49,215			54,394
Inventories		70,616			70,669
Insurance receivables – asbestos		20,000			18,400
Other current assets		13,317			15,230
Total current assets		235,313			237,582
Property, plant and equipment, net		149,991			150,297
Insurance receivables – asbestos		89,683			99,715
Deferred income tax assets		26,143			25,800
Investments in joint ventures		12,764			13,319
Other noncurrent assets		6,904			6,466
	$	520,798		$	533,179
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable	$	16,322		$	15,839
Accrued payrolls and employee benefits		8,121			9,301
Industrial Revenue Bond debt		13,311			13,311
Asbestos liability – current portion		26,000			23,500
Other current liabilities		22,583			24,473
Total current liabilities		86,337			86,424
Employee benefit obligations		95,704			96,100
Asbestos liability		148,464			157,522
Other noncurrent liabilities		1,142			1,040
Total liabilities		331,647			341,086
Commitments and contingent liabilities (Note 6)
Shareholders’ equity:
Common stock – par value $1; authorized 20,000 shares; issued and outstanding 10,346 shares in 2013 and 2012		10,346			10,346
Additional paid-in capital		124,710			124,464
Retained earnings		137,922			139,658
Accumulated other comprehensive loss		(83,827	)		(82,375	)
Total shareholders’ equity		189,151			192,093
	$	520,798		$	533,179

See Notes to Condensed Consolidated Financial Statements.

3

AMPCO-PITTSBURGH CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)

(in thousands, except per share amounts)

	Three Months Ended March 31,
	2013			2012
Net sales	$	69,624		$	73,605
Operating costs and expenses:
Costs of products sold (excluding depreciation)		55,090			56,236
Selling and administrative		9,858			10,427
Depreciation		2,971			2,825
Gain on disposal of assets		(6	)		0
Total operating expenses		67,913			69,488
Income from operations		1,711			4,117
Other income (expense):
Investment-related income		12			16
Interest expense		(53	)		(56	)
Other – net		(602	)		(237	)
		(643	)		(277	)
Income before income taxes and equity losses in Chinese joint venture		1,067			3,840
Income tax provision		(320	)		(1,375	)
Equity losses in Chinese joint venture		(621	)		(465	)
Net income	$	126		$	2,000
Net income per common share:
Basic	$	0.01		$	0.19
Diluted	$	0.01		$	0.19
Cash dividends declared per share	$	0.18		$	0.18
Weighted average number of common shares outstanding:
Basic		10,346			10,329
Diluted		10,399			10,393

See Notes to Condensed Consolidated Financial Statements.

4

AMPCO-PITTSBURGH CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME

(UNAUDITED)

(in thousands)

	Three Months Ended March 31,
	2013			2012
Net income	$	126		$	2,000
Other comprehensive (loss) income, net of tax where applicable:
Adjustments for changes in:
Foreign currency translation		(2,898	)		1,742
Unrealized holding gains on marketable securities		215			110
Fair value of cash flow hedges		(193	)		225
Reclassification adjustments for items included in net income:
Amortization of unrecognized employee benefit costs		1,426			1,266
Realized gains on sale of marketable securities		(5	)		(21	)
Realized losses from settlement of cash flow hedges		3			123
Other comprehensive (loss) income		(1,452	)		3,445
Comprehensive (loss) income	$	(1,326	)	$	5,445

See Notes to Condensed Consolidated Financial Statements.

5

AMPCO-PITTSBURGH CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

(in thousands)

	Three Months Ended March 31,
	2013			2012
Net cash flows provided by operating activities	$	10,092		$	11,859
Cash flows from investing activities:
Purchases of property, plant and equipment		(4,562	)		(2,733	)
Purchases of long-term marketable securities		(163	)		(179	)
Proceeds from the sale of long-term marketable securities		140			153
Proceeds from the disposition of property, plant and equipment		6			0
Net cash flows used in investing activities		(4,579	)		(2,759	)
Cash flows from financing activities:
Dividends paid		(1,862	)		(1,858	)
Proceeds from the issuance of common stock		0			78
Excess tax benefits from the exercise of stock options		0			13
Net cash flows used in financing activities		(1,862	)		(1,767	)
Effect of exchange rate changes on cash and cash equivalents		(375	)		502
Net increase in cash and cash equivalents		3,276			7,835
Cash and cash equivalents at beginning of period		78,889			69,888
Cash and cash equivalents at end of period	$	82,165		$	77,723
Supplemental information:
Income tax payments	$	0		$	997
Interest payments	$	54		$	56
Non-cash investing activities:
Purchases of property, plant and equipment included in accounts payable	$	812		$	692

See Notes to Condensed Consolidated Financial Statements.

6

AMPCO-PITTSBURGH CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

(in thousands, except share and claim amounts)

1. Unaudited Condensed Consolidated Financial Statements

The condensed consolidated balance sheet as of March 31, 2013 and the condensed consolidated statements of operations, comprehensive (loss) income and cash flows for the three months ended March 31, 2013 and 2012 have been prepared by Ampco-Pittsburgh Corporation (the Corporation) without audit. In the opinion of management, all adjustments, consisting of only normal and recurring adjustments necessary to present fairly the financial position, results of operations and cash flows for the periods presented, have been made. The results of operations for the three months ended March 31, 2013 are not necessarily indicative of the operating results expected for the full year.

Certain information and footnote disclosures normally included in the annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted.

Recently Implemented Accounting Pronouncements

In December 2011, the Financial Accounting Standards Board (FASB) issued ASU 2011-11, Disclosures about Offsetting Assets and Liabilities, which requires expanded disclosures, including gross and net information, about financial and derivative instruments that are either offset in the balance sheet or are subject to an enforceable master netting arrangement or similar agreement. The guidance became effective for reporting periods beginning on or after January 1, 2013 and is to be applied retrospectively. The new guidance affects disclosures only and did not impact operating results, financial position or liquidity of the Corporation.

In February 2013, the FASB issued ASU 2013-02, Comprehensive Income: Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income, which requires entities to report the effect of significant reclassifications out of accumulated other comprehensive income (loss) on the respective line items in net income if the amount being reclassified is required to be reclassified in its entirety to net income. Information may be reported either on the face of the income statement or in the footnotes to the financial statements. For other amounts that are not required to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference to other required disclosures. The guidance became effective for reporting periods beginning on or after January 1, 2013. The guidance affects disclosures only. It does not change whether items are reported in net income or other comprehensive income or when items in other comprehensive income are reclassified to net income; accordingly, ASU 2013-02 did not impact the operating results, financial position or liquidity of the Corporation.

2. Inventories

At March 31, 2013 and December 31, 2012, approximately 65% and 68% of the inventories were valued on the LIFO method with the remaining inventories valued on the FIFO method. Inventories were comprised of the following:

	March 31, 2013		December 31, 2012
Raw materials	$	20,564	$	22,514
Work-in-process		31,568		31,164
Finished goods		7,677		5,907
Supplies		10,807		11,084
	$	70,616	$	70,669

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3. Property, Plant and Equipment

Property, plant and equipment were comprised of the following:

	March 31, 2013			December 31, 2012
Land and land improvements	$	5,006		$	5,006
Buildings		44,519			43,411
Machinery and equipment		236,348			237,473
Construction-in-progress		9,710			7,493
Other		8,621			8,674
		304,204			302,057
Accumulated depreciation		(154,213	)		(151,760	)
	$	149,991		$	150,297

Land and buildings of Union Electric Steel UK Limited (UES-UK) equal to approximately $4,062 (£2,672) at March 31, 2013 are held as collateral by the trustees of the UES-UK contributory defined benefit pension plan (see Note 5).

4. Other Current Liabilities

Other current liabilities were comprised of the following:

	March 31, 2013		December 31, 2012
Customer-related liabilities	$	11,785	$	13,444
Accrued sales commissions		1,982		2,146
Other		8,816		8,883
	$	22,583	$	24,473

Included in customer-related liabilities are costs expected to be incurred with respect to product warranties. Changes in the liability for product warranty claims consisted of the following:

	Three Months Ended March 31,
	2013			2012
Balance at beginning of the period	$	6,625		$	5,498
Satisfaction of warranty claims		(545	)		(692	)
Provision for warranty claims		575			589
Other, primarily impact from changes in foreign currency exchange rates		(246	)		77
Balance at end of the period	$	6,409		$	5,472

5. Pension and Other Postretirement Benefits

Contributions were as follows:

	Three Months Ended March 31,
	2013		2012
U.K. pension benefits plan	$	438	$	444
Other postretirement benefits (e.g. net payments)	$	122	$	137
U.K. defined contribution plan	$	74	$	78

8

Net periodic pension and other postretirement costs include the following components:

	Three Months Ended March 31,
U.S. Pension Benefits	2013			2012
Service cost	$	1,169		$	821
Interest cost		2,020			2,194
Expected return on plan assets		(2,359	)		(2,383	)
Amortization of prior service cost		166			167
Amortization of actuarial loss		1,808			1,531
Net benefit costs	$	2,804		$	2,330

	Three Months Ended March 31,
U.K. Pension Benefits	2013			2012
Interest cost	$	618		$	623
Expected return on plan assets		(595	)		(522	)
Amortization of actuarial loss		153			148
Net benefit costs	$	176		$	249

	Three Months Ended March 31,
Other Postretirement Benefits	2013		2012
Service cost	$	201	$	161
Interest cost		208		230
Amortization of prior service cost		21		22
Amortization of actuarial loss		84		103
Net benefit costs	$	514	$	516

6. Commitments and Contingent Liabilities

Outstanding standby and commercial letters of credit as of March 31, 2013 approximated $18,656, the majority of which serve as collateral for the Industrial Revenue Bond debt.

In 2010, UES-UK was awarded a government grant of up to $1,325 (£850) toward the purchase and installation of certain machinery and equipment of which $1,083 (£680) has been received to date. Under the agreement, the grant is repayable if certain conditions are not met including achieving and maintaining a targeted level of employment through 2017. UES-UK’s level of employment currently exceeds and is expected to continue to exceed the targeted level of employment; accordingly, no liability has been recorded.

See Note 12 regarding litigation and Note 13 for environmental matters.

7. Derivative Instruments

Certain of the Corporation’s operations are subject to risk from exchange rate fluctuations in connection with sales in foreign currencies. To minimize this risk, foreign currency sales contracts are entered into which are designated as cash flow or fair value hedges and are recorded in the consolidated balance sheet as either an asset or a liability measured at their fair value. The accounting for changes in the fair value of a derivative depends on the use of the derivative. To the extent that a derivative is designated and effective as a cash flow hedge of an exposure to future changes in value, the change in fair value of the derivative is deferred in accumulated other comprehensive income (loss). Any portion considered to be ineffective, including that arising from the unlikelihood of an anticipated transaction to occur, is reported as a component of earnings (other income/expense) immediately. Upon occurrence of the anticipated transaction, the derivative designated and effective as a cash flow hedge is de-designated as a fair value hedge and the change in fair value previously deferred in accumulated other comprehensive income (loss) is reclassified to earnings (net sales) with subsequent changes in fair value recorded as a component of earnings (other income/expense). To the extent that a derivative is designated and effective as a hedge of an exposure to changes in fair value, the change in the derivative’s fair value will be offset in the consolidated statement of operations by the change in the fair value of the item being hedged and is recorded as a component of earnings (other income/expense).

9

As of March 31, 2013, approximately $19,143 of anticipated foreign-denominated sales has been hedged which are covered by fair value contracts settling at various dates through January 2014. The fair value of assets held as collateral for the fair value contracts as of March 31, 2013 approximated $760. As of March 31, 2013, there were no cash flow contracts outstanding for future sales.

Additionally, certain of the Corporation’s divisions are subject to risk from increases in the price of commodities (copper and aluminum) used in the production of inventory. To minimize this risk, futures contracts are entered into which are designated as cash flow hedges. The change in fair value of the derivative is deferred in accumulated other comprehensive income (loss). Any portion considered to be ineffective, including that arising from the unlikelihood of an anticipated transaction to occur, is reported as a component of earnings (other income/expense) immediately. Upon occurrence of the anticipated transaction, the futures contract is settled and the change in fair value previously deferred in accumulated other comprehensive income (loss) is reclassified to earnings (costs of products sold, excluding depreciation) when the projected sales occur. At March 31, 2013, approximately 57% or $3,249 of anticipated copper purchases over the next nine months and 57% or $427 of anticipated aluminum purchases over the next four months are hedged. The fair value of assets held as collateral as of March 31, 2013 equaled $485.

The Corporation previously entered into foreign currency purchase contracts to manage the volatility associated with Euro-denominated progress payments to be made for certain machinery and equipment. As of December 31, 2010, all contracts had been settled and the underlying fixed assets were placed in service. The change in the fair value is included in accumulated other comprehensive income (loss) and is being amortized to pre-tax earnings (as an offset to depreciation expense) over the life of the underlying assets.

No portion of the existing cash flow or fair value hedges is considered to be ineffective, including any ineffectiveness arising from the unlikelihood of an anticipated transaction to occur. Additionally, no amounts have been excluded from assessing the effectiveness of the hedge.

At March 31, 2013, the Corporation has purchase commitments covering 46% or $6,276 of anticipated natural gas usage through 2015 at one of its subsidiaries. The commitments qualify as normal purchases and, accordingly, are not reflected on the consolidated balance sheet.

The Corporation does not enter into derivative transactions for speculative purposes and, therefore, holds no derivative instruments for trading purposes.

Gains (losses) on foreign exchange transactions included in other income (expense) approximated $(300) and $27 for the three months ended March 31, 2013 and 2012, respectively.

The location and fair value of the foreign currency sales contracts recorded on the consolidated balance sheets were as follows:

	Location	March 31, 2013		December 31, 2012
Cash flow hedge contracts	Other current assets	$	0	$	46
Fair value hedge contracts	Other current liabilities		578		0
	Other current assets		0		218
Fair value hedged items	Receivables		63		(94	)
	Other current assets		500		0
	Other current liabilities		0		223

10

The change in the fair value of the cash flow contracts is recorded as a component of accumulated other comprehensive income (loss). The balances as of March 31, 2013 and 2012 and the amount recognized as and reclassified from accumulated other comprehensive income (loss) for each of the periods is summarized below. All amounts are after-tax.

Three Months Ended March 31, 2013	Comprehensive Income (Loss) Beginning of the Year			Plus Recognized as Comprehensive Income (Loss)			Less Gain (Loss) Reclassified from Accumulated Other Comprehensive Income  (Loss)			Comprehensive Income (Loss) End of the Period
Foreign currency sales contracts – cash flow hedges	$	0		$	0		$	0		$	0
Foreign currency purchase contracts		292			0			5			287
Futures contracts – copper and aluminum		26			(193	)		(8	)		(159	)
	$	318		$	(193	)	$	(3	)	$	128
Three Months Ended March 31, 2012
Foreign currency sales contracts – cash flow hedges	$	114		$	(26	)	$	50		$	38
Foreign currency purchase contracts		309			0			4			305
Futures contracts – copper and aluminum		(314	)		251		$	(177	)		114
	$	109		$	225		$	(123	)	$	457

The change in fair value reclassified or expected to be reclassified from accumulated other comprehensive income (loss) to earnings is summarized below. All amounts are pre-tax.

	Location of Gain (Loss) in Statements	Estimated to be Reclassified in the			Three Months Ended March 31,
	of Operations	Next 12 Months			2013			2012
Foreign currency sales contracts - cash flow hedges	Net sales		n/a		$	0		$	79
Foreign currency purchase contracts	Depreciation	$	28			7			7
Futures contracts – copper and aluminum	Costs of products sold (excluding depreciation)		(255	)		(14	)		(284	)

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8. Accumulated Other Comprehensive Loss

Net change and ending balances for the various components of other comprehensive income (loss) and accumulated other comprehensive loss as of and for the three months ended March 31, 2013 and 2012 is summarized below. All amounts are net of tax, where applicable.

	Foreign Currency Translation Adjustments			Unrecognized Employee Benefit Costs			Unrealized Holding Gains on Marketable Securities		Cash Flow Hedges			Accumulated Other Comprehensive Loss
Balance at January 1, 2013	$	(1,543	)	$	(81,783	)	$	633	$	318		$	(82,375	)
Net Change		(2,898	)		1,426			210		(190	)		(1,452	)
Balance at March 31, 2013	$	(4,441	)	$	(80,357	)	$	843	$	128		$	(83,827	)
Balance at January 1, 2012	$	(4,736	)	$	(75,225	)	$	562	$	109		$	(79,290	)
Net Change		1,742			1,266			89		348			3,445
Balance at March 31, 2012	$	(2,994	)	$	(73,959	)	$	651	$	457		$	(75,845	)

The following summarizes the line items affected on the condensed consolidated statements of operations for components reclassified from accumulated other comprehensive income (loss). Amounts in parentheses represent credits to net income.

	Three Months Ended March 31,
	2013			2012			Affected Line Item
Amortization of unrecognized employee benefit costs	$	1,440		$	1,296		Costs of products sold (excluding depreciation)
		573			480		Selling and administrative
		219			195		Other income (expense)
		2,232			1,971		Total before income tax
		(806	)		(705	)	Income tax provision
	$	1,426		$	1,266		Net of tax
Realized (gains) on sale of marketable securities	$	(7	)	$	(32	)	Selling and administrative
		2			11		Income tax provision
	$	(5	)	$	(21	)	Net of tax
Realized losses (gains) from settlement of cash flow hedges:
Foreign currency sales contracts – cash flow hedges	$	0		$	(79	)	Net sales
Foreign currency purchase contracts		(7	)		(7	)	Depreciation
Futures contracts – copper and aluminum		14			284		Costs of products sold (excluding depreciation)
		7			198		Total before income tax
		(4	)		(75	)	Income tax provision
	$	3		$	123		Net of tax

12

The income tax expense (benefit) associated with the various components of other comprehensive income (loss) for the three months ended March 31, 2013 and 2012 is summarized below. Foreign currency translation adjustments exclude the effect of income taxes since earnings of non-U.S. subsidiaries are deemed to be reinvested for an indefinite period of time.

	Three Months Ended March 31,
	2013			2012
Tax expense (benefit) associated with changes in:
Unrealized holding gains/losses on marketable securities	$	(116	)	$	(59	)
Fair value of cash flow hedges		116			(137	)
Tax expense (benefit) associated with reclassification adjustments:
Amortization of unrecognized employee benefit costs		(806	)		(705	)
Realized gains/losses from sale of marketable securities		2			11
Realized gains/losses from settlement of cash flow hedges		(4	)		(75	)

9. Stock-Based Compensation

In May 2011, the shareholders of the Corporation approved the adoption of the 2011 Omnibus Incentive Plan (Incentive Plan) which authorizes the issuance of up to 1,000,000 shares of the Corporation’s common stock for grants of equity-based compensation. Awards under the Incentive Plan may include incentive non-qualified stock options, stock appreciation rights, restricted shares and restricted stock units, performance awards, other stock-based awards or short-term cash incentive awards. The Incentive Plan is administered by the Compensation Committee of the Board of Directors who has the authority to determine, within the limits of the express provisions of the Incentive Plan, the individuals to whom the awards will be granted; the nature, amount and terms of such awards; and the objectives and conditions for earning such awards. In May 2013, the Compensation Committee granted 173,750 non-qualified stock options to select employees. The options have a ten-year life and vest over a three-year period.

The Incentive Plan also provides for annual grants of shares of the Corporation’s common stock to non-employee directors following the Corporation’s annual shareholder meeting. Each annual director award will be for a number of shares having a fair market value equal to $25 and will be fully vested as of the grant date. In May 2013, 11,656 shares of the Corporation’s common stock were issued to the non-employee directors.

Stock-based compensation expense for the three months ended March 31, 2013 and 2012 equaled $296 and $399, respectively. The related income tax benefit recognized in the condensed consolidated statement of operations for each of the periods was approximately $104 and $140, respectively.

10. Fair Value

The Corporation’s financial assets and liabilities that are reported at fair value in the accompanying condensed consolidated balance sheets as of March 31, 2013 and December 31, 2012 were as follows:

	Quoted Prices in Active Markets for Identical Inputs (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
As of March 31, 2013
Investments
Other noncurrent assets	$	3,705	$	0	$	0	$	3,705
Foreign currency exchange contracts
Other current assets		0		500		0		500
Other current liabilities		0		578		0		578
As of December 31, 2012
Investments
Other noncurrent assets	$	3,358	$	0	$	0	$	3,358
Foreign currency exchange contracts
Other current assets		0		264		0		264
Other current liabilities		0		223		0		223

13

11. Business Segments

Presented below are the net sales and income before income taxes for the Corporation’s two business segments.

	Three Months Ended March 31,
	2013			2012
Net sales:
Forged and Cast Rolls	$	45,113		$	43,948
Air and Liquid Processing		24,511			29,657
Total Reportable Segments	$	69,624		$	73,605
Income before Income Taxes:
Forged and Cast Rolls	$	2,063		$	4,140
Air and Liquid Processing		2,210			2,474
Total Reportable Segments		4,273			6,614
Other expense, including corporate costs		(3,206	)		(2,774	)
Total	$	1,067		$	3,840

12. Litigation (claims not in thousands)

The Corporation and its subsidiaries are involved in various claims and lawsuits incidental to their businesses. In addition, it is also subject to asbestos litigation as described below.

Asbestos Litigation

Claims have been asserted alleging personal injury from exposure to asbestos-containing components historically used in some products of predecessors of the Corporation’s Air & Liquid Systems Corporation subsidiary (“Asbestos Liability”) and of an inactive subsidiary in dissolution. Those subsidiaries, and in some cases the Corporation, are defendants (among a number of defendants, often in excess of 50) in cases filed in various state and federal courts.

Asbestos Claims

The following table reflects approximate information about the claims for Asbestos Liability against the subsidiaries and the Corporation, along with certain asbestos claims asserted against the inactive subsidiary in dissolution:

	Three Months Ended March 31,
	2013			2012
Total claims pending at the beginning of the period		8,007			8,145
New claims served		381			88
Claims dismissed		(106	)		(150	)
Claims settled		(55	)		(65	)
Total claims pending at the end of the period (1)		8,227			8,018
Gross settlement and defense costs (in 000’s)	$	6,087		$	4,853
Avg. gross settlement and defense costs per claim resolved (in 000’s)	$	37.81		$	22.57

(1) Included as “open claims” are approximately 1,634 and 1,663 claims as of March 31, 2013 and 2012, respectively, classified in various jurisdictions as “inactive” or transferred to a state or federal judicial panel on multi-district litigation, commonly referred to as the MDL.

A substantial majority of the settlement and defense costs reflected in the above table was reported and paid by insurers. Because claims are often filed and can be settled or dismissed in large groups, the amount and timing of settlements, as well as the number of open claims, can fluctuate significantly from period to period.

Asbestos Insurance

The Corporation and its Air & Liquid Systems Corporation (“Air & Liquid”) subsidiary are parties to a series of settlement agreements (“Settlement Agreements”) with insurers that have coverage obligations for Asbestos Liability (the “Settling Insurers”). The Settlement Agreements include agreements with insurers encompassing all known solvent primary policies and

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solvent first-layer excess policies with responsibilities for Asbestos Liability. The Settlement Agreements also include an agreement, effective on October 8, 2012, with insurers responsible for the majority of the solvent second-layer and above excess insurance policies issued to the Corporation from 1981 through 1984. Under the Settlement Agreements, the Settling Insurers accept financial responsibility, subject to the terms and conditions of the respective agreements, including overall coverage limits, for pending and future claims for Asbestos Liability. The claims against the Corporation’s inactive subsidiary in dissolution, numbering approximately 289 as of March 31, 2013, are not included within the Settlement Agreements. The Corporation believes that the claims against the inactive subsidiary in dissolution are immaterial.

The Settlement Agreements include acknowledgements that Howden North America, Inc. (“Howden”) is entitled to coverage under policies covering Asbestos Liability for claims arising out of the historical products manufactured or distributed by Buffalo Forge, a former subsidiary of the Corporation (the “Products”). The Settlement Agreements do not provide for any prioritization on access to the applicable policies or any sub limits of liability as to Howden or the Corporation and Air & Liquid, and, accordingly, Howden may access the coverage afforded by the Settling Insurers for any covered claim arising out of a Product. In general, access by Howden to the coverage afforded by the Settling Insurers for the Products will erode coverage under the Settlement Agreements available to the Corporation and Air & Liquid for Asbestos Liability.

On February 24, 2011, the Corporation and Air & Liquid filed a lawsuit in the United States District Court for the Western District of Pennsylvania against thirteen domestic insurance companies, certain underwriters at Lloyd’s, London and certain London market insurance companies, and Howden. The lawsuit seeks a declaratory judgment regarding the respective rights and obligations of the parties under excess insurance policies that were issued to the Corporation from 1981 through 1984 as respects claims against the Corporation and its subsidiary for Asbestos Liability and as respects asbestos bodily-injury claims against Howden arising from the Products. The Corporation and Air & Liquid entered into an agreement, effective October 8, 2012, as described above, with eight of the domestic defendant insurers in the action. That agreement specifies the terms and conditions upon which the insurer parties would contribute to defense and indemnity costs for claims for Asbestos Liability. Howden also reached an agreement with such insurers, effective the same day, addressing asbestos-related bodily injury claims arising from the Products. On October 16, 2012, the Court entered Orders dismissing all claims filed by the Corporation and Air & Liquid, Howden and the eight settling excess insurers against each other in the litigation. Various counterclaims, cross claims and third party claims have been filed in the litigation and remain pending as to non-settled parties.

Asbestos Valuations

In 2006, the Corporation retained Hamilton, Rabinovitz & Associates, Inc. (“HR&A”), a nationally recognized expert in the valuation of asbestos liabilities, to assist the Corporation in estimating the potential liability for pending and unasserted future claims for Asbestos Liability. HR&A was not requested to estimate asbestos claims against the inactive subsidiary in dissolution, which the Corporation believes are immaterial. Based on this analysis, the Corporation recorded a reserve for Asbestos Liability claims pending or projected to be asserted through 2013 as at December 31, 2006. HR&A’s analysis has been periodically updated since that time. Most recently, the HR&A analysis was updated in 2012, and additional reserves were established by the Corporation as at December 31, 2012 for Asbestos Liability claims pending or projected to be asserted through 2022. The methodology used by HR&A in its projection in 2012 of the operating subsidiaries’ liability for pending and unasserted potential future claims for Asbestos Liability, which is substantially the same as the methodology employed by HR&A in prior estimates, relied upon and included the following factors:

• HR&A’s interpretation of a widely accepted forecast of the population likely to have been exposed to asbestos;

• epidemiological studies estimating the number of people likely to develop asbestos-related diseases;

• HR&A’s analysis of the number of people likely to file an asbestos-related injury claim against the subsidiaries and the Corporation based on such epidemiological data and relevant claims history from January 1, 2010 to December 20, 2012;

• an analysis of pending cases, by type of injury claimed and jurisdiction where the claim is filed;

• an analysis of claims resolution history from January 1, 2010 to December 20, 2012 to determine the average settlement value of claims, by type of injury claimed and jurisdiction of filing; and

• an adjustment for inflation in the future average settlement value of claims, at an annual inflation rate based on the Congressional Budget Office’s ten year forecast of inflation.

Using this information, HR&A estimated in 2012 the number of future claims for Asbestos Liability that would be filed through the year 2022, as well as the settlement or indemnity costs that would be incurred to resolve both pending and future unasserted claims through 2022. This methodology has been accepted by numerous courts.

In conjunction with developing the aggregate liability estimate referenced above, the Corporation also developed an estimate of probable insurance recoveries for its Asbestos Liabilities. In developing the estimate, the Corporation considered HR&A’s projection for settlement or indemnity costs for Asbestos Liability and management’s projection of associated defense costs (based on the current defense to indemnity cost ratio), as well as a number of additional factors. These additional factors

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included the Settlement Agreements then in effect, policy exclusions, policy limits, policy provisions regarding coverage for defense costs, attachment points, prior impairment of policies and gaps in the coverage, policy exhaustions, insolvencies among certain of the insurance carriers, the nature of the underlying claims for Asbestos Liability asserted against the subsidiaries and the Corporation as reflected in the Corporation’s asbestos claims database, and the status of negotiations with insurers not party to the Settlement Agreements, as well as estimated erosion of insurance limits on account of claims against Howden arising out of the Products. In addition to consulting with the Corporation’s outside legal counsel on these insurance matters, the Corporation consulted with a nationally-recognized insurance consulting firm it retained to assist the Corporation with certain policy allocation matters that also are among the several factors considered by the Corporation when analyzing potential recoveries from relevant historical insurance for Asbestos Liabilities. Based upon all of the factors considered by the Corporation, and taking into account the Corporation’s analysis of publicly available information regarding the credit-worthiness of various insurers, the Corporation estimated the probable insurance recoveries for Asbestos Liability and defense costs through 2022. Although the Corporation believes that the assumptions employed in the insurance valuation were reasonable and previously consulted with its outside legal counsel and insurance consultant regarding those assumptions, there are other assumptions that could have been employed that would have resulted in materially lower insurance recovery projections.

Based on the analyses described above, the Corporation’s reserve at December 31, 2012 for the total costs, including defense costs, for Asbestos Liability claims pending or projected to be asserted through 2022 was $181,022, of which approximately 73% was attributable to settlement costs for unasserted claims projected to be filed through 2022 and future defense costs. While it is reasonably possible that the Corporation will incur additional charges for Asbestos Liability and defense costs in excess of the amounts currently reserved, the Corporation believes that there is too much uncertainty to provide for reasonable estimation of the number of future claims, the nature of such claims and the cost to resolve them beyond 2022. Accordingly, no reserve has been recorded for any costs that may be incurred after 2022.

The Corporation’s receivable at December 31, 2012 for insurance recoveries attributable to the claims for which the Corporation’s Asbestos Liability reserve has been established, including the portion of incurred defense costs covered by the Settlement Agreements in effect through December 31, 2012, and the probable payments and reimbursements relating to the estimated indemnity and defense costs for pending and unasserted future Asbestos Liability claims, was $118,115.

The following table summarizes activity relating to insurance recoveries.

	Three Months Ended March 31,
	2013			2012
Insurance receivable – asbestos, beginning of the year	$	118,115		$	126,206
Settlement and defense costs paid by insurance carriers		(8,432	)		(3,363	)
Insurance receivable – asbestos, end of the period	$	109,683		$	122,843

The insurance receivable recorded by the Corporation does not assume any recovery from insolvent carriers, and a substantial majority of the insurance recoveries deemed probable was from insurance companies rated A – (excellent) or better by A.M. Best Corporation. There can be no assurance, however, that there will not be further insolvencies among the relevant insurance carriers, or that the assumed percentage recoveries for certain carriers will prove correct. The difference between insurance recoveries and projected costs is not due to exhaustion of all insurance coverage for Asbestos Liability. The Corporation and the subsidiaries have substantial additional insurance coverage which the Corporation expects to be available for Asbestos Liability claims and defense costs the subsidiaries and it may incur after 2022. However, this insurance coverage also can be expected to have gaps creating significant shortfalls of insurance recoveries as against claims expense, which could be material in future years.

The amounts recorded by the Corporation for Asbestos Liabilities and insurance receivables rely on assumptions that are based on currently known facts and strategy. The Corporation’s actual expenses or insurance recoveries could be significantly higher or lower than those recorded if assumptions used in the Corporation’s or HR&A’s calculations vary significantly from actual results. Key variables in these assumptions are identified above and include the number and type of new claims to be filed each year, the average cost of disposing of each such new claim, average annual defense costs, the resolution of coverage issues with insurance carriers, and the solvency risk with respect to the relevant insurance carriers. Other factors that may affect the Corporation’s Asbestos Liability and ability to recover under its insurance policies include uncertainties surrounding the litigation process from jurisdiction to jurisdiction and from case to case, reforms that may be made by state and federal courts, and the passage of state or federal tort reform legislation.

The Corporation intends to evaluate its estimated Asbestos Liability and related insurance receivables as well as the underlying assumptions on a regular basis to determine whether any adjustments to the estimates are required. Due to the uncertainties

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surrounding asbestos litigation and insurance, these regular reviews may result in the Corporation incurring future charges; however, the Corporation is currently unable to estimate such future charges. Adjustments, if any, to the Corporation’s estimate of its recorded Asbestos Liability and/or insurance receivables could be material to operating results for the periods in which the adjustments to the liability or receivable are recorded, and to the Corporation’s liquidity and consolidated financial position.

13. Environmental Matters

The Corporation is currently performing certain remedial actions in connection with the sale of real estate previously owned. Environmental exposures are difficult to assess and estimate for numerous reasons including lack of reliable data, the multiplicity of possible solutions, the years of remedial and monitoring activity required, and identification of new sites. In the opinion of management and in consideration of advice from the Corporation’s consultants, the potential liability for all environmental proceedings of approximately $1,100 at March 31, 2013 is considered adequate based on information known to date.

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ITEM 2 – MANAGEMENT’S DISCUSSION AND ANALYSIS OF

FINANCIAL CONDITION AND RESULTS OF OPERATIONS

(in thousands, except share and per share amounts)

Executive Overview

The Corporation operates in two business segments – Forged and Cast Rolls and Air and Liquid Processing. The Forged and Cast Rolls segment produces and sells forged-hardened steel rolls and cast iron and steel rolls to manufacturers of steel and aluminum throughout the world. The Forged and Cast Rolls segment is being adversely affected by weak demand worldwide and competitive pricing. Lower production levels of our customers, excess roll inventories in Asia, and the emergence of indigenous roll supply, particularly in China, are contributing to the falloff in demand and a reduction in export business. Margin erosion continues as global pricing pressure remains fierce from both traditional Western suppliers, who are working below capacity, and Chinese, Japanese, and Eastern European roll makers, who are discounting deeply to secure volume. Additionally, management expects a continuation of losses by its Chinese forged roll joint venture company (for which it has a 49% interest and accounts for on the equity method of accounting). While losses to date are largely the result of non-cash expense, if conditions deteriorate or other impairment indicators arise, future earnings of the Corporation may be adversely affected by an impairment charge.

Demand for rolling mill rolls is expected to recover modestly in 2013. Roll requirements by our customers in North America are anticipated to improve slightly as a result of a stronger automotive industry and a timid but positive housing market. New mill projects in Asia will partially offset the effects of excess roll inventories and competitive pricing pressures in that region. European sales, however, will remain generally weak as steel producers continue to rationalize capacity. Additionally, competitive pricing pressures will likely continue as most roll producers are expected to operate below capacity.

For the Air and Liquid Processing segment, spending on new construction by institutional markets has slowed while continued spending on upgrading fossil-fueled utility plants is encouraging.

Consolidated Results of Operations for the Three Months Ended March 31, 2013 and 2012

Net Sales. Net sales for the three months ended March 31, 2013 and 2012 were $69,624 and $73,605, respectively. Backlog approximated $194,448 at March 31, 2013 versus $195,804 as of December 31, 2012 and $261,043 as of March 31, 2012. A discussion of sales and backlog for the Corporation’s two segments is included below.

Costs of Products Sold. Costs of products sold, excluding depreciation, as a percentage of net sales approximated 79.1% and 76.4% for the three months ended March 31, 2013 and 2012, respectively. The increase is primarily attributable to reduced margins for the Forged and Cast Rolls segment.

Income from Operations. Income from operations for the three months ended March 31, 2013 and 2012 approximated $1,711 and $4,117, respectively. A discussion of operating results for the Corporation’s two segments is included below.

Forged and Cast Rolls. Sales for the three months ended March 31, 2013 improved slightly when compared to the three months ended March 31, 2012 principally due to the timing of certain orders for customers. Operating income for the same period decreased however. Although the additional volume contributed approximately $2,200 to earnings, operating income was adversely affected by lower margins which negatively impacted results by roughly $4,900. Backlog approximated $152,642 at March 31, 2013 against $154,527 as of December 31, 2012 and $215,608 as of March 31, 2012. The decline, particularly from a year ago, is due to shipments outpacing new orders and declining profitability in backlog. Approximately $41,727 of the current backlog is expected to ship after 2013.

Air and Liquid Processing. For the three months ended March 31, 2013, sales and operating results for each of the divisions declined when compared to the same period of the prior year due to a lower volume of shipments and/or changes in product mix. For Buffalo Pumps, sales and operating income include a lower volume of commercial pump shipments offset by a higher proportion of shipments to U.S. Navy shipbuilders which have lower margins. For Aerofin, shipments to Original Equipment Manufacturers and industrial customers decreased and was somewhat offset by improved activity with the fossil-fueled utility market. For Buffalo Air Handling, the prior year quarter included the balance of the large order for a customer in medical research. Backlog at March 31, 2013 and December 31, 2012 were comparable at approximately $41,806 but below March 31, 2012 of $45,435. The majority of the backlog will ship in 2013.

Other Income (Expense). The fluctuation is primarily attributable to fluctuations in foreign exchange gains and losses.

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Income Taxes. The decrease in the effective income tax rate is attributable to a higher proportion of beneficial permanent differences.

Net Income and Earnings per Common Share. As a result of the above, the Corporation’s net income for the three months ended March 31, 2013 and 2012 equaled $126 or $0.01 per common share and $2,000 or $0.19 per common share, respectively.

Liquidity and Capital Resources

Net cash flows provided by operating activities decreased for the three months ended March 31, 2013 when compared to the three months ended March 31, 2012. The decrease is primarily due to lower earnings of the Corporation.

Net cash flows used in investing activities for the three months ended March 31, 2013 were higher than March 31, 2012 due to a increased level of capital expenditures for the Forged and Cast Rolls segment. As of March 31, 2013, future capital expenditures approximating $11,000, to be spent over the next 12-18 months, have been approved.

Net cash flows used in financing activities were comparable for each of the quarters and represented primarily payment of dividends. Stock options were exercised in the prior year resulting in proceeds from the issuance of common stock and excess tax benefits.

As a result of the above, cash and cash equivalents increased $3,276 in 2013 and ended the period at $82,615 (of which approximately $8,686 is held by foreign operations) in comparison to $78,889 at December 31, 2012. Repatriation of foreign funds may result in the Corporation accruing and paying additional income tax; however, the majority of such amounts are currently deemed to be permanently reinvested and no additional provision for income tax has been made.

Funds on hand and funds generated from future operations are expected to be sufficient to finance the operational and capital expenditure requirements of the Corporation. The Corporation also maintains short-term lines of credit and an overdraft facility in excess of the cash needs of its businesses. The total available at March 31, 2013 was approximately $9,100 (including £3,000 in the U.K. and €400 in Belgium).

Litigation and Environmental Matters

See Notes 12 and 13 to the condensed consolidated financial statements.

Critical Accounting Pronouncements

The Corporation’s critical accounting policies, as summarized in its Annual Report on Form 10-K for the year ended December 31, 2012, remain unchanged.

Recently Issued Accounting Pronouncements

See Note 1 to the condensed consolidated financial statements.

Forward-Looking Statements

Management’s Discussion and Analysis of Financial Condition and Results of Operations and other sections of the Form 10-Q contain forward-looking statements that reflect the Corporation’s current views with respect to future events and financial performance.

Forward-looking statements are identified by the use of the words “believes,” “expects,” “anticipates,” “estimates,” “projects,” “forecasts” and other expressions that indicate future events and trends. Forward-looking statements speak only as of the date on which such statements are made, are not guarantees of future performance or expectations and involve risks and uncertainties. For the Corporation, these risks and uncertainties include, but are not limited to, those described under Item 1A, Risk Factors, of Part II of this Form 10-Q. In addition, there may be events in the future that the Corporation is not able to predict accurately or control which may cause actual results to differ materially from expectations expressed or implied by forward-looking statements. Except as required by applicable law, the Corporation undertakes no obligation to update any forward-looking statement whether as a result of new information, events or otherwise.

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ITEM 3 – QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

There were no material changes in the Corporation’s exposure to market risk from December 31, 2012.

ITEM 4 – CONTROLS AND PROCEDURES

(a) Disclosure controls and procedures. An evaluation of the effectiveness of the Corporation’s disclosure controls and procedures as of the end of the period covered by this report was carried out under the supervision, and with the participation, of management, including the principal executive officer and principal financial officer. Disclosure controls and procedures are defined under Securities and Exchange Commission (“SEC”) rules as controls and other procedures that are designed to ensure that information required to be disclosed by a company in the reports that it files under the Exchange Act is recorded, processed, summarized and reported within the required time periods. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer’s management, including its principal executive and principal financial officers, or persons performing similar functions, as appropriate, to allow timely decisions regarding required disclosure. Based on that evaluation, the Corporation’s management, including the principal executive officer and principal financial officer, has concluded that the Corporation’s disclosure controls and procedures were effective as of March 31, 2013.

(c) Changes in internal control over financial reporting. There were no changes in the Corporation’s internal control over financial reporting during the quarter ended March 31, 2013, that have materially affected, or are reasonably likely to materially affect, its internal control over financial reporting.

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PART II – OTHER INFORMATION

AMPCO-PITTSBURGH CORPORATION

Item 1 Legal Proceedings

The information contained in Note 12 to the condensed consolidated financial statements (Litigation) is incorporated herein by reference.

Item 1A Risk Factors

There are no material changes to the Risk Factors contained in Item 1A to Part I of the Corporation’s Annual Report on Form 10-K for the year ended December 31, 2012.

Items 2-5 None

Item 6 Exhibits

(3) Articles of Incorporation and By-laws

(a) Articles of Incorporation

Incorporated by reference to the Quarterly Reports on Form 10-Q for the quarters ended March 31, 1983, March 31, 1984, March 31, 1985, March 31, 1987 and September 30, 1998.

(b) By-laws

Incorporated by reference to the Quarterly Reports on Form 10-Q for the quarters ended September 30, 1994, March 31, 1996, June 30, 2001 and June 30, 2004.

(10) Material Contracts

Amendment effective May 1, 2013 to Retirement and Consulting Agreement dated April 30, 2009 between Ampco-Pittsburgh Corporation and Ernest G. Siddons.

(31.1) Certification of the principal executive officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

(31.2) Certification of the principal financial officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

(32.1) Certification of principal executive officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

(32.2) Certification of principal financial officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

(101) Interactive Data File (XBRL)

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	AMPCO-PITTSBURGH CORPORATION
DATE: May 10, 2013	BY:	/s/ Robert A. Paul
	Robert A. Paul
	Chairman and Chief Executive Officer
DATE: May 10, 2013	BY:	/s/ Marliss D. Johnson
	Marliss D. Johnson
	Chief Financial Officer and Treasurer

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AMPCO-PITTSBURGH CORPORATION

EXHIBIT INDEX

Exhibit	(10)	Amendment effective May 1, 2013 to Retirement and Consulting Agreement dated April 30, 2009 between Ampco-Pittsburgh Corporation and Ernest G. Siddons.
	(31.1)	Certification of principal executive officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
	(31.2)	Certification of principal financial officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
	(32.1)	Certification of principal executive officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
	(32.2)	Certification of principal financial officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
	(101)	Interactive Data File (XBRL)

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EX-10

Exhibit 10

CONSULTING AGREEMENT

The parties to this Consulting Agreement (the “Agreement”) are Ampco-Pittsburgh Corporation (the “Corporation”) and Ernest G. Siddons (the “Consultant”). This Agreement is entered into and will become effective as of May 1^st, 2013 (the “Effective Date”).

The Corporation and Consultant acknowledge the Retirement and Consulting Agreement between the parties effective as of April 30, 2009 (“2009 Agreement”) and certain continuing obligations under that agreement. This Agreement does not alter or amend that agreement in any way.

NOW, THEREFORE, the parties, intending to be legally bound, agree as follows:

1.    Consulting Services.

(a) General. Beginning on May 1, 2013 and ending on April 30, 2014 (such period, subject to the extension and early termination provisions of Section 1(d) below, the “Consulting Period”), the Consultant agrees to provide such consulting services to the Corporation (the “Consulting Services”) as may be requested by the Board of Directors or the Chief Executive Officer and be agreed to by the Consultant, which agreement may not be unreasonably withheld by Consultant. The Consultant agrees to provide up to sixty (60) days of Consulting Services to the Corporation during the term of this Agreement.

(b) Independent Contractor Status and Performance of Consulting Services. Nothing contained in this Agreement will be deemed to create an employment relationship between the Corporation and the Consultant during the Consulting Period. In providing the Consulting Services, the Consultant agrees and acknowledges that he is an independent contractor and will not have authority to bind the Corporation with respect to any matter. In rendering Consulting Services under this Agreement, the Consultant will be free to arrange his own time, pursuits and work schedule and to determine the specific manner in which such services will be performed, without being required to observe any routine or requirement as to working hours.

(c) Non-exclusivity. The Corporation agrees and acknowledges that Consultant may offer consulting services to other entities during the Consulting Period, subject to the confidentiality and proprietary rights provisions of this Agreement.

(d) Extension or Early Termination of Consulting Period. This Agreement and the applicable Consulting Period may be extended beyond the term described in Section 1(a) by mutual agreement of the parties. Notwithstanding any provisions to the contrary in this Agreement, this Agreement may be terminated prior to April 30, 2014 and the Consulting Period will be deemed to have expired upon any of the following:

(i) The mutual written agreement of the parties providing for such termination;

(ii) Upon written notice of such termination from either party to the other party, provided such notice is provided to the other party at least sixty (60) days prior to the effective date of the termination;

(iii) Immediately upon notice by the Corporation to the Consultant of the Consultant’s breach of the covenants set forth in Sections 7 and 8 of this Agreement; and

(iv) Upon the death or permanent disability (as determined in good faith by the Corporation) of the Consultant.

2.     Payments and Benefits.

(a) In consideration for the Consulting Services to be provided by the Consultant under this Agreement, the Corporation agrees to pay or provide the Consultant the following compensation or benefits during the Consulting Period:

(i) The amount of $10,000 per month (collectively, the “Payments”);

(ii) The Corporation will arrange to provide the Consultant at the Corporation’s expense with benefits under the Corporation’s medical and dental insurance coverage provided to all current Corporate salaried employees and the same travel accident insurance coverage applicable to current Corporate Officers;

(iii) The Corporation will provide or reimburse the Consultant for the cost of home computer, blackberry services, secretarial support services and parking; and

(iv) The Corporation will reimburse the Consultant for all out-of-pocket expenses reasonably and necessarily incurred in the performance of the Consulting Services in accordance with the travel and business expense reimbursement policies of the Corporation in effect from time to time.

(b) Right to COBRA Continuation Coverage. The Corporation and the Consultant agree and acknowledge that, for purposes of the rights of the Consultant and the Consultant’s spouse or any other eligible dependents to continuation of medical and dental coverage under the Corporation’s group health plans in accordance with the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”), no “qualifying event” (as defined under COBRA) shall be deemed to have occurred until the end of the Consulting Period.

3.    Reasonable Efforts. The Consultant will use reasonable efforts to perform the Consulting Services in a prompt, competent and diligent manner consistent with the Corporation’s standards.

4.    Proprietary Rights. The Consultant agrees that all information, discoveries, inventions, improvements, strategies or overall business plan concepts arising from or in connection with the Consulting Services under this Agreement will be the sole property of the Corporation and the Consultant will cooperate with the Corporation’s reasonable requests for the transfer of any such rights or interests from the Consultant to the Corporation.

5.    Taxes. The Consultant acknowledges that he will be solely responsible for and the Corporation will have no liability with respect to any taxes (including penalties and interest) imposed by any Federal, state or local government on the Payments or any other benefits payable to or provided on behalf of the Consultant for the Consulting Services under Section 2 of this Agreement.

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6.    Insurance and Indemnification. The Corporation agrees to ensure and to indemnify and hold harmless the Consultant from any and all claims and causes of action arising out of the performance of the Consulting Services to the same extent that it ensures and indemnifies its officers and directors.

7.    Non-Disparagement.

(a) At all times hereafter, Consultant will not disparage or criticize, orally or in writing, the business, products, policies, decisions, directors, officers or employees of the Corporation or any of its operating divisions, subsidiaries or affiliates to any person.

(b) At all times hereafter, the Corporation and its officers, directors, employees and agents will not disparage or criticize, orally or in writing, Consultant.

8.    Confidentiality. During the course of providing the Consulting Services, the Consultant may obtain information that is considered to be confidential and proprietary information of the Corporation. The Consultant agrees to maintain as confidential all confidential information received or obtained as a result of the services provided. At no time shall such confidential information be disclosed to any third party without the prior written consent of the Corporation. Notwithstanding the foregoing, the Consultant will have no obligation under this Agreement to keep confidential any confidential information to the extent that a disclosure of it is required by law or is consented to by the Corporation.

9.    Miscellaneous.

(a) Binding Effect, Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the heirs, executors, administrators, successors and assigns of the respective parties. Without the express written consent of the other party, neither the Corporation nor the Consultant may assign any duties or right or interest hereunder or right to receive any money hereunder and any such assignment shall be void; provided, however, that without the Consultant’s consent the Corporation may assign its rights and obligations hereunder in their entirety to any successor to all or substantially all of its business, whether effected by merger or otherwise.

(b) Severability and Amendment. In the event any provision of this Agreement shall be determined in any circumstances to be invalid or unenforceable, such determination shall not affect or impair any other provision of this Agreement or the enforcement of such provision in other appropriate circumstances. This Agreement may be modified only by an instrument in writing executed by the parties hereto.

(c) Interpretative Matters; Counterparts. The headings of sections of this Agreement are for convenience of reference only and shall not affect its meaning or construction. The language used in this Agreement will be deemed to be the language chosen by the parties to express their mutual intent, and no rule of strict construction will be applied against any party. This Agreement may be executed in multiple counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. In making proof of this Agreement it shall not be necessary to produce or account for more than one such counterpart.

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(d) Governing Law and Conflicts. This Agreement is to be governed and construed according to the internal substantive laws of the Commonwealth of Pennsylvania.

IN WITNESS WHEREOF, and intending to be legally bound, the parties have executed this Agreement as of the date first written above.

AMPCO-PITTSBURGH CORPORATION

/s/ Robert A. Paul

By: Robert A. Paul, Chairman

CONSULTANT

/s/ Ernest G. Siddons

By: Ernest G. Siddons

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EX-31.1

Exhibit 31.1

Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

I, Robert A. Paul, certify that:

1. I have reviewed this Form 10-Q of Ampco-Pittsburgh Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

/s/ Robert A. Paul

Robert A. Paul,

Chairman and Chief Executive Officer

May 10, 2013

EX-31.2

Exhibit 31.2

Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

I, Marliss D. Johnson, certify that:

1. I have reviewed this Form 10-Q of Ampco-Pittsburgh Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

/s/ Marliss D. Johnson

Marliss D. Johnson

Chief Financial Officer and Treasurer

May 10, 2013

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Ampco-Pittsburgh Corporation (the “Company”) on Form 10-Q for the period ended March 31, 2013 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), each of the undersigned, in the capacities and on the dates indicated below, hereby certifies pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to his knowledge:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operation of the Company.

/s/ Robert A. Paul

Robert A. Paul

Chairman and Chief Executive Officer

May 10, 2013

EX-32.2

Exhibit 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Ampco-Pittsburgh Corporation (the “Company”) on Form 10-Q for the period ended March 31, 2013 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), each of the undersigned, in the capacities and on the dates indicated below, hereby certifies pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to his knowledge:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operation of the Company.

/s/ Marliss D. Johnson

Marliss D. Johnson

Chief Financial Officer and Treasurer

May 10, 2013

XML

Derivative Instruments (Details) (Foreign currency sales contracts [Member], USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Accounts receivable for fair value hedged item [Member]
Location and fair value of the foreign currency sales contracts recorded on the consolidated balance sheets
Fair value hedged items	$ 63	$ (94)
Other current assets [Member]
Location and fair value of the foreign currency sales contracts recorded on the consolidated balance sheets
Cash flow hedge contracts	0	46
Fair value hedge contracts	0	218
Fair value hedged items	500	0
Other current liabilities [Member]
Location and fair value of the foreign currency sales contracts recorded on the consolidated balance sheets
Fair value hedge contracts	578	0
Fair value hedged items	$ 0	$ 223

XML

Business Segments (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Business segment net sales and income before income taxes
Net sales	$ 69,624	$ 73,605
Income before Income Taxes	1,067	3,840
Forged and Cast Rolls [Member]
Business segment net sales and income before income taxes
Net sales	45,113	43,948
Income before Income Taxes	2,063	4,140
Air and Liquid Processing [Member]
Business segment net sales and income before income taxes
Net sales	24,511	29,657
Income before Income Taxes	2,210	2,474
Reportable Segment [Member]
Business segment net sales and income before income taxes
Net sales	69,624	73,605
Income before Income Taxes	4,273	6,614
Other Expense Including Corporate Costs [Member]
Business segment net sales and income before income taxes
Income before Income Taxes	$ (3,206)	$ (2,774)

XML

Stock-Based Compensation (Details) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Stock- Based Compensation (Textual) [Abstract]
Stock options vesting period years	3 years
Number of shares authorized under Omnibus Incentive Plan	1,000,000
Stock-based compensation expense	$ 296	$ 399
Income tax benefit from stock-based compensation expense	104	140
Fair market value of fully vested shares as of the grant date	$ 25
Shares of common stock issued to non-management directors	11,656
Non Qualified Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options life, years	10 years
Stock options granted to selected employees	173,750

XML

Property, Plant and Equipment (Details Textual) (Land and Building [Member], UES-UK [Member]) In Thousands, unless otherwise specified	Mar. 31, 2013 USD ($)	Mar. 31, 2013 GBP (£)
Property, Plant and Equipment (Textual) [Abstract]
Land and Building	$ 4,062	£ 2,672

XML

Derivative Instruments (Tables)

3 Months Ended

Mar. 31, 2013

Derivative Instruments [Abstract]

Location and fair value of the foreign currency sales contracts recorded on the consolidated balance sheets

	Location	March 31, 2013		December 31, 2012
Cash flow hedge contracts	Other current assets	$	0	$	46
Fair value hedge contracts	Other current liabilities		578		0
	Other current assets		0		218
Fair value hedged items	Receivables		63		(94	)
	Other current assets		500		0
	Other current liabilities		0		223

Summary of amount recognized as and released from accumulated other comprehensive income (loss)

Three Months Ended March 31, 2013	Comprehensive Income (Loss) Beginning of the Year			Plus Recognized as Comprehensive Income (Loss)			Less Gain (Loss) Reclassified from Accumulated Other Comprehensive Income  (Loss)			Comprehensive Income (Loss) End of the Period
Foreign currency sales contracts – cash flow hedges	$	0		$	0		$	0		$	0
Foreign currency purchase contracts		292			0			5			287
Futures contracts – copper and aluminum		26			(193	)		(8	)		(159	)
	$	318		$	(193	)	$	(3	)	$	128
Three Months Ended March 31, 2012
Foreign currency sales contracts – cash flow hedges	$	114		$	(26	)	$	50		$	38
Foreign currency purchase contracts		309			0			4			305
Futures contracts – copper and aluminum		(314	)		251		$	(177	)		114
	$	109		$	225		$	(123	)	$	457

Summary of change in fair value reclassified or expected to be reclassified from accumulated other comprehensive income (loss) to earnings

	Location of Gain (Loss) in Statements	Estimated to be Reclassified in the			Three Months Ended March 31,
	of Operations	Next 12 Months			2013			2012
Foreign currency sales contracts - cash flow hedges	Net sales		n/a		$	0		$	79
Foreign currency purchase contracts	Depreciation	$	28			7			7
Futures contracts – copper and aluminum	Costs of products sold (excluding depreciation)		(255	)		(14	)		(284	)

XML

Litigation (Details 1) (USD $) In Thousands, unless otherwise specified		3 Months Ended
	Dec. 31, 2012	Mar. 31, 2013 Asbestos Claims [Member]	Mar. 31, 2012 Asbestos Claims [Member]
Schedule for insurance valuation
Insurance receivable - asbestos, beginning of the year	$ 118,115	$ 118,115	$ 126,206
Settlement and defense costs paid by insurance carriers		(8,432)	(3,363)
Insurance receivable - asbestos, end of the period	$ 118,115	$ 109,683	$ 122,843

XML

Derivative Instruments (Details) (Textual) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013 Customers	Mar. 31, 2012
Derivative Instruments (Textual) [Abstract]
Anticipated foreign-denominated sales hedge	$ 19,143
Foreign-denominated sales cash flow contracts	0
Percentage of purchase commitments covering anticipated natural gas usage	46.00%
Purchase commitment amount of anticipated natural gas usage	6,276
Number of subsidiaries purchased commitments for natural gas usage	1
Purchase commitments covering period anticipated usage, Description	thru 2015 at one of its subsidiaries
Gains (losses) on foreign exchange transactions included in other income (expense)	(300)	27
Foreign currency exchange contracts [Member]
Derivative [Line Items]
Fair value of assets held as collateral related to forward exchange contracts	760
Copper purchases [Member]
Derivative [Line Items]
Percentage of anticipated purchases hedged	57.00%
Anticipated purchases, hedged	3,249
Time period for hedged purchases	9 months
Aluminum purchases [Member]
Derivative [Line Items]
Percentage of anticipated purchases hedged	57.00%
Anticipated purchases, hedged	427
Time period for hedged purchases	4 months
Fair value of assets held as collateral related to futures	$ 485

XML

Pension and Other Postretirement Benefits (Details 1) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
U.S. Pension Benefits [Member]
Net periodic pension and other postretirement costs
Service cost	$ 1,169	$ 821
Interest cost	2,020	2,194
Expected return on plan assets	(2,359)	(2,383)
Amortization of prior service cost	166	167
Amortization of actuarial loss	1,808	1,531
Net benefit costs	2,804	2,330
U.K. Pension Benefits [Member]
Net periodic pension and other postretirement costs
Interest cost	618	623
Expected return on plan assets	(595)	(522)
Amortization of actuarial loss	153	148
Net benefit costs	176	249
Other Postretirement Benefits [Member]
Net periodic pension and other postretirement costs
Service cost	201	161
Interest cost	208	230
Amortization of prior service cost	21	22
Amortization of actuarial loss	84	103
Net benefit costs	$ 514	$ 516

XML

Environmental Matters (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013
Environmental Matters (Textual) [Abstract]
Potential liability for all environmental proceedings	$ 1,100

XML

Fair Value (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Other current assets [Member] | Foreign currency exchange contracts [Member]
Fair value of financial assets and liabilities
Assets, fair value	$ 500	$ 264
Other noncurrent assets [Member] | Investments [Member]
Fair value of financial assets and liabilities
Assets, fair value	3,705	3,358
Other current liabilities [Member] | Foreign currency exchange contracts [Member]
Fair value of financial assets and liabilities
Liabilities, fair value	578	223
Quoted Prices in Active Markets for Identical Inputs (Level 1) [Member] | Other current assets [Member] | Foreign currency exchange contracts [Member]
Fair value of financial assets and liabilities
Assets, fair value	0	0
Quoted Prices in Active Markets for Identical Inputs (Level 1) [Member] | Other noncurrent assets [Member] | Investments [Member]
Fair value of financial assets and liabilities
Assets, fair value	3,705	3,358
Quoted Prices in Active Markets for Identical Inputs (Level 1) [Member] | Other current liabilities [Member] | Foreign currency exchange contracts [Member]
Fair value of financial assets and liabilities
Liabilities, fair value	0	0
Significant Other Observable Inputs (Level 2) [Member] | Other current assets [Member] | Foreign currency exchange contracts [Member]
Fair value of financial assets and liabilities
Assets, fair value	500	264
Significant Other Observable Inputs (Level 2) [Member] | Other noncurrent assets [Member] | Investments [Member]
Fair value of financial assets and liabilities
Assets, fair value	0	0
Significant Other Observable Inputs (Level 2) [Member] | Other current liabilities [Member] | Foreign currency exchange contracts [Member]
Fair value of financial assets and liabilities
Liabilities, fair value	578	223
Significant Unobservable Inputs (Level 3) [Member] | Other current assets [Member] | Foreign currency exchange contracts [Member]
Fair value of financial assets and liabilities
Assets, fair value	0	0
Significant Unobservable Inputs (Level 3) [Member] | Other noncurrent assets [Member] | Investments [Member]
Fair value of financial assets and liabilities
Assets, fair value	0	0
Significant Unobservable Inputs (Level 3) [Member] | Other current liabilities [Member] | Foreign currency exchange contracts [Member]
Fair value of financial assets and liabilities
Liabilities, fair value	$ 0	$ 0

XML

Property, Plant and Equipment

3 Months Ended

Mar. 31, 2013

Property, Plant and Equipment [Abstract]

Property, Plant And Equipment

3. Property, Plant and Equipment

Property, plant and equipment were comprised of the following:

	March 31, 2013			December 31, 2012
Land and land improvements	$	5,006		$	5,006
Buildings		44,519			43,411
Machinery and equipment		236,348			237,473
Construction-in-progress		9,710			7,493
Other		8,621			8,674
		304,204			302,057
Accumulated depreciation		(154,213	)		(151,760	)
	$	149,991		$	150,297

Land and buildings of Union Electric Steel UK Limited (UES-UK) equal to approximately $4,062 (£2,672) at March 31, 2013 are held as collateral by the trustees of the UES-UK contributory defined benefit pension plan (see Note 5).

XML

Accumulated Other Comprehensive Loss (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Dec. 31, 2012	Dec. 31, 2011
Net Change and ending balances for the various components of other comprehensive income (loss) and for accumulated other comprehensive loss
Foreign Currency Translation Adjustments, Beginning Balance	$ (1,543)	$ (4,736)
Foreign Currency Translation Adjustments, Changes	(2,898)	1,742
Foreign Currency Translation Adjustments, Ending Balance	(4,441)	(2,994)
Unrecognized Employee Benefit Costs, Beginning Balance	(81,783)	(75,225)
Unrecognized Employee Benefit Costs	1,426	1,266
Unrecognized Employee Benefit Costs, Ending Balance	(80,357)	(73,959)
Unrealized Holding Gains on Marketable Securities, Beginning Balance	633	562
Unrealized Holding Gains on Marketable Securities	210	89
Unrealized Holding Gains on Marketable Securities, Ending Balance	843	651
Fair value of cash flow hedges	(190)	348
Derivatives, Ending Balance	128	457	318	109
Accumulated Other Comprehensive Income (Loss), Cumulative Changes in Net Gain (Loss) from Cash Flow Hedges, Effect Net of Tax	128	457	318	109
Accumulated Other Comprehensive Loss, Beginning Balance	(82,375)	(79,290)
Accumulated Other Comprehensive Loss, Changes	(1,452)	3,445
Accumulated Other Comprehensive Loss, Ending Balance	$ (83,827)	$ (75,845)

XML

Litigation (Tables)

3 Months Ended

Mar. 31, 2013

Commitments and Contingent Liabilities / Litigation [Abstract]

Schedule of loss contingencies by contingency

	Three Months Ended March 31,
	2013			2012
Total claims pending at the beginning of the period		8,007			8,145
New claims served		381			88
Claims dismissed		(106	)		(150	)
Claims settled		(55	)		(65	)
Total claims pending at the end of the period (1)		8,227			8,018
Gross settlement and defense costs (in 000’s)	$	6,087		$	4,853
Avg. gross settlement and defense costs per claim resolved (in 000’s)	$	37.81		$	22.57

(1) Included as “open claims” are approximately 1,634 and 1,663 claims as of March 31, 2013 and 2012, respectively, classified in various jurisdictions as “inactive” or transferred to a state or federal judicial panel on multi-district litigation, commonly referred to as the MDL.

Summary of activity in Asbestos Valuations

	Three Months Ended March 31,
	2013			2012
Insurance receivable – asbestos, beginning of the year	$	118,115		$	126,206
Settlement and defense costs paid by insurance carriers		(8,432	)		(3,363	)
Insurance receivable – asbestos, end of the period	$	109,683		$	122,843

XML

Business Segments (Tables)

3 Months Ended

Mar. 31, 2013

Business Segments [Abstract]

Business segment net sales and income before income taxes

	Three Months Ended March 31,
	2013			2012
Net sales:
Forged and Cast Rolls	$	45,113		$	43,948
Air and Liquid Processing		24,511			29,657
Total Reportable Segments	$	69,624		$	73,605
Income before Income Taxes:
Forged and Cast Rolls	$	2,063		$	4,140
Air and Liquid Processing		2,210			2,474
Total Reportable Segments		4,273			6,614
Other expense, including corporate costs		(3,206	)		(2,774	)
Total	$	1,067		$	3,840

XML

Accumulated Other Comprehensive Loss (Details 1) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Line items affected on the condensed consolidated statements of operations for components reclassified from accumulated other comprehensive income (loss)
Amortization of unrecognized employee benefit costs	$ 2,232	$ 1,971
Amortization of unrecognized employee benefit costs, Income tax provision	(806)	(705)
Amortization of unrecognized employee benefit costs	1,426	1,266
Realized gains/losses from sale of marketable securities, Income tax provision	2	11
Realized gains on sale of marketable securities Net of tax	(5)	(21)
Realized losses (gains) from settlement of cash flow hedges:
Foreign currency sales contracts	7	198
Foreign currency sales and purchase contracts, futures contracts - copper and aluminum, Income tax (provision) benefit	(4)	(75)
Realized losses from settlement of cash flow hedges	3	123
Foreign currency purchases contracts [Member]
Realized losses (gains) from settlement of cash flow hedges:
Realized losses from settlement of cash flow hedges	5	4
Futures contracts - copper and aluminum [Member]
Realized losses (gains) from settlement of cash flow hedges:
Realized losses from settlement of cash flow hedges	(8)	(177)
Costs of products sold (excluding depreciation) [Member]
Line items affected on the condensed consolidated statements of operations for components reclassified from accumulated other comprehensive income (loss)
Amortization of unrecognized employee benefit costs	1,440	1,296
Costs of products sold (excluding depreciation) [Member] | Futures contracts - copper and aluminum [Member]
Realized losses (gains) from settlement of cash flow hedges:
Foreign currency sales contracts	14	284
Depreciation [Member] | Foreign currency purchases contracts [Member]
Realized losses (gains) from settlement of cash flow hedges:
Foreign currency sales contracts	(7)	(7)
Selling and administrative [Member]
Line items affected on the condensed consolidated statements of operations for components reclassified from accumulated other comprehensive income (loss)
Amortization of unrecognized employee benefit costs	573	480
Realized (gains) on sale of marketable securities, Selling and administrative	(7)	(32)
Other income (expense) [Member]
Line items affected on the condensed consolidated statements of operations for components reclassified from accumulated other comprehensive income (loss)
Amortization of unrecognized employee benefit costs	219	195
Net Sales [Member] | Foreign currency sales contracts [Member]
Realized losses (gains) from settlement of cash flow hedges:
Foreign currency sales contracts	$ 0	$ (79)

XML

Inventories (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Inventories
Raw materials	$ 20,564	$ 22,514
Work-in-process	31,568	31,164
Finished goods	7,677	5,907
Supplies	10,807	11,084
Total Inventory	$ 70,616	$ 70,669

XML

Inventories (Details Textual)	Mar. 31, 2013	Dec. 31, 2012
Inventories (Textual) [Abstract]
Percentage of inventories valued on the LIFO method	65.00%	68.00%

XML

Inventories

3 Months Ended

Mar. 31, 2013

Inventories [Abstract]

Inventories

2. Inventories

At March 31, 2013 and December 31, 2012, approximately 65% and 68% of the inventories were valued on the LIFO method with the remaining inventories valued on the FIFO method. Inventories were comprised of the following:

	March 31, 2013		December 31, 2012
Raw materials	$	20,564	$	22,514
Work-in-process		31,568		31,164
Finished goods		7,677		5,907
Supplies		10,807		11,084
	$	70,616	$	70,669

XML

Property, Plant and Equipment (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Property, plant and equipment
Land and land improvements	$ 5,006	$ 5,006
Buildings	44,519	43,411
Machinery and equipment	236,348	237,473
Construction-in-progress	9,710	7,493
Other	8,621	8,674
Property, plant and equipment, Gross	304,204	302,057
Accumulated depreciation	(154,213)	(151,760)
Property, plant and equipment, Net	$ 149,991	$ 150,297

XML

Derivative Instruments (Details 1) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Summary of amount recognized as and released from accumulated other comprehensive income (loss)
Derivatives, Beginning Balance	$ 318	$ 109
Foreign currency sales contracts cash flow hedges Recognized as comprehensive income (Loss)	(193)	225
Realized gains (losses) from settlement of cash flow hedges, Net of tax	3	123
Derivatives, Ending Balance	128	457
Other Comprehensive Income (Loss) [Member]
Summary of amount recognized as and released from accumulated other comprehensive income (loss)
Derivatives, Beginning Balance	318	109
Foreign currency sales contracts cash flow hedges Recognized as comprehensive income (Loss)	(193)	225
Realized gains (losses) from settlement of cash flow hedges, Net of tax	(3)	(123)
Derivatives, Ending Balance	128	457
Foreign currency sales contracts [Member] | Cash flow hedges [Member]
Summary of amount recognized as and released from accumulated other comprehensive income (loss)
Derivatives, Beginning Balance	0	114
Foreign currency sales contracts cash flow hedges Recognized as comprehensive income (Loss)	0	(26)
Realized gains (losses) from settlement of cash flow hedges, Net of tax	0	50
Derivatives, Ending Balance	0	38
Foreign currency purchases contracts [Member]
Summary of amount recognized as and released from accumulated other comprehensive income (loss)
Derivatives, Beginning Balance	292	309
Foreign currency sales contracts cash flow hedges Recognized as comprehensive income (Loss)	0	0
Realized gains (losses) from settlement of cash flow hedges, Net of tax	5	4
Derivatives, Ending Balance	287	305
Futures contracts - copper and aluminum [Member]
Summary of amount recognized as and released from accumulated other comprehensive income (loss)
Derivatives, Beginning Balance	26	(314)
Foreign currency sales contracts cash flow hedges Recognized as comprehensive income (Loss)	(193)	251
Realized gains (losses) from settlement of cash flow hedges, Net of tax	(8)	(177)
Derivatives, Ending Balance	$ (159)	$ 114

XML

Condensed Consolidated Balance Sheets (Unaudited) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Current assets:
Cash and cash equivalents	$ 82,165	$ 78,889
Receivables, less allowance for doubtful accounts of $530 in 2013 and $519 in 2012	49,215	54,394
Inventories	70,616	70,669
Insurance receivables - asbestos	20,000	18,400
Other current assets	13,317	15,230
Total current assets	235,313	237,582
Property, plant and equipment, net	149,991	150,297
Insurance receivables - asbestos	89,683	99,715
Deferred income tax assets	26,143	25,800
Investments in joint ventures	12,764	13,319
Other noncurrent assets	6,904	6,466
Total Assets	520,798	533,179
Current liabilities:
Accounts payable	16,322	15,839
Accrued payrolls and employee benefits	8,121	9,301
Industrial Revenue Bond debt	13,311	13,311
Asbestos liability - current portion	26,000	23,500
Other current liabilities	22,583	24,473
Total current liabilities	86,337	86,424
Employee benefit obligations	95,704	96,100
Asbestos liability	148,464	157,522
Other noncurrent liabilities	1,142	1,040
Total liabilities	331,647	341,086
Commitments and contingent liabilities (Note 6)
Shareholders' equity:
Common stock - par value $1; authorized 20,000 shares; issued and outstanding 10,346 shares in 2013 and 2012	10,346	10,346
Additional paid-in capital	124,710	124,464
Retained earnings	137,922	139,658
Accumulated other comprehensive loss	(83,827)	(82,375)
Total shareholders' equity	189,151	192,093
Total Liabilities and Shareholders' Equity	$ 520,798	$ 533,179

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Accumulated Other Comprehensive Loss (Details 2) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Tax expense (benefit) associated with changes in:
Unrealized holding gains/losses on marketable securities	$ (116)	$ (59)
Fair value of cash flow hedges	116	(137)
Tax expense (benefit) associated with reclassification adjustments:
Amortization of unrecognized employee benefit costs	(806)	(705)
Realized gains/losses from sale of marketable securities	2	11
Realized gains/losses from settlement of cash flow hedges	$ (4)	$ (75)

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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Condensed Consolidated Statements of Cash Flows [Abstract]
Net cash flows provided by operating activities	$ 10,092	$ 11,859
Cash flows from investing activities:
Purchases of property, plant and equipment	(4,562)	(2,733)
Purchases of long-term marketable securities	(163)	(179)
Proceeds from the sale of long-term marketable securities	140	153
Proceeds from the disposition of property, plant and equipment	6	0
Net cash flows used in investing activities	(4,579)	(2,759)
Cash flows from financing activities:
Dividends paid	(1,862)	(1,858)
Proceeds from the issuance of common stock	0	78
Excess tax benefits from the exercise of stock options	0	13
Net cash flows used in financing activities	(1,862)	(1,767)
Effect of exchange rate changes on cash and cash equivalents	(375)	502
Net increase in cash and cash equivalents	3,276	7,835
Cash and cash equivalents at beginning of period	78,889	69,888
Cash and cash equivalents at end of period	82,165	77,723
Supplemental information:
Income tax payments	0	997
Interest payments	54	56
Non-cash investing activities:
Purchases of property, plant and equipment included in accounts payable	$ 812	$ 692

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Other Current Liabilities (Details1) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Schedule of changes in liability for product warranty claims
Balance at beginning of the period	$ 6,625	$ 5,498
Satisfaction of warranty claims	(545)	(692)
Provision for warranty claims	575	589
Other, primarily impact from changes in foreign currency exchange rates	(246)	77
Balance at end of the period	$ 6,409	$ 5,472

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Property, Plant and Equipment (Tables)

3 Months Ended

Mar. 31, 2013

Property, Plant and Equipment [Abstract]

Property, plant and equipment

	March 31, 2013			December 31, 2012
Land and land improvements	$	5,006		$	5,006
Buildings		44,519			43,411
Machinery and equipment		236,348			237,473
Construction-in-progress		9,710			7,493
Other		8,621			8,674
		304,204			302,057
Accumulated depreciation		(154,213	)		(151,760	)
	$	149,991		$	150,297

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Pension and Other Postretirement Benefits (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
U.K. pension benefits plan [Member]
Contributions for pension and other postretirement benefits
Contributions	$ 438	$ 444
Other postretirement benefits (e.g. net payments) [Member]
Contributions for pension and other postretirement benefits
Contributions	122	137
U.K. defined contribution plan [Member]
Contributions for pension and other postretirement benefits
Contributions	$ 74	$ 78

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Pension and Other Postretirement Benefits (Tables)

3 Months Ended

Mar. 31, 2013

Pension and Other Postretirement Benefits [Abstract]

Contributions for pension and other postretirement benefits

	Three Months Ended March 31,
	2013		2012
U.K. pension benefits plan	$	438	$	444
Other postretirement benefits (e.g. net payments)	$	122	$	137
U.K. defined contribution plan	$	74	$	78

Net periodic pension and other postretirement costs

	Three Months Ended March 31,
U.S. Pension Benefits	2013			2012
Service cost	$	1,169		$	821
Interest cost		2,020			2,194
Expected return on plan assets		(2,359	)		(2,383	)
Amortization of prior service cost		166			167
Amortization of actuarial loss		1,808			1,531
Net benefit costs	$	2,804		$	2,330

	Three Months Ended March 31,
U.K. Pension Benefits	2013			2012
Interest cost	$	618		$	623
Expected return on plan assets		(595	)		(522	)
Amortization of actuarial loss		153			148
Net benefit costs	$	176		$	249

	Three Months Ended March 31,
Other Postretirement Benefits	2013		2012
Service cost	$	201	$	161
Interest cost		208		230
Amortization of prior service cost		21		22
Amortization of actuarial loss		84		103
Net benefit costs	$	514	$	516

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Unaudited Condensed Consolidated Financial Statements

3 Months Ended

Mar. 31, 2013

Unaudited Condensed Consolidated Financial Statements [Abstract]

Unaudited Condensed Consolidated Financial Statements

1. Unaudited Condensed Consolidated Financial Statements

The condensed consolidated balance sheet as of March 31, 2013 and the condensed consolidated statements of operations, comprehensive (loss) income and cash flows for the three months ended March 31, 2013 and 2012 have been prepared by Ampco-Pittsburgh Corporation (the Corporation) without audit. In the opinion of management, all adjustments, consisting of only normal and recurring adjustments necessary to present fairly the financial position, results of operations and cash flows for the periods presented, have been made. The results of operations for the three months ended March 31, 2013 are not necessarily indicative of the operating results expected for the full year.

Certain information and footnote disclosures normally included in the annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted.

Recently Implemented Accounting Pronouncements

In December 2011, the Financial Accounting Standards Board (FASB) issued ASU 2011-11, Disclosures about Offsetting Assets and Liabilities, which requires expanded disclosures, including gross and net information, about financial and derivative instruments that are either offset in the balance sheet or are subject to an enforceable master netting arrangement or similar agreement. The guidance became effective for reporting periods beginning on or after January 1, 2013 and is to be applied retrospectively. The new guidance affects disclosures only and did not impact operating results, financial position or liquidity of the Corporation.

In February 2013, the FASB issued ASU 2013-02, Comprehensive Income: Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income, which requires entities to report the effect of significant reclassifications out of accumulated other comprehensive income (loss) on the respective line items in net income if the amount being reclassified is required to be reclassified in its entirety to net income. Information may be reported either on the face of the income statement or in the footnotes to the financial statements. For other amounts that are not required to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference to other required disclosures. The guidance became effective for reporting periods beginning on or after January 1, 2013. The guidance affects disclosures only. It does not change whether items are reported in net income or other comprehensive income or when items in other comprehensive income are reclassified to net income; accordingly, ASU 2013-02 did not impact the operating results, financial position or liquidity of the Corporation.

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Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) (USD $) In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Condensed Consolidated Balance Sheets [Abstract]
Receivables, allowance for doubtful accounts	$ 530	$ 519
Common stock, par value	$ 1	$ 1
Common stock, shares authorized	20,000	20,000
Common stock, shares issued	10,346	10,346
Common stock, shares outstanding	10,346	10,346

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Business Segments

3 Months Ended

Mar. 31, 2013

Business Segments [Abstract]

Business Segments

11. Business Segments

Presented below are the net sales and income before income taxes for the Corporation’s two business segments.

	Three Months Ended March 31,
	2013			2012
Net sales:
Forged and Cast Rolls	$	45,113		$	43,948
Air and Liquid Processing		24,511			29,657
Total Reportable Segments	$	69,624		$	73,605
Income before Income Taxes:
Forged and Cast Rolls	$	2,063		$	4,140
Air and Liquid Processing		2,210			2,474
Total Reportable Segments		4,273			6,614
Other expense, including corporate costs		(3,206	)		(2,774	)
Total	$	1,067		$	3,840

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Document and Entity Information	3 Months Ended
	Mar. 31, 2013	May 02, 2013
Document and Entity Information [Abstract]
Entity Registrant Name	AMPCO PITTSBURGH CORP
Entity Central Index Key	0000006176
Document Type	10-Q
Document Period End Date	Mar. 31, 2013
Amendment Flag	false
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock Shares Outstanding		10,357,746

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Litigation

3 Months Ended

Mar. 31, 2013

Commitments and Contingent Liabilities / Litigation [Abstract]

Litigation

12. Litigation (claims not in thousands)

The Corporation and its subsidiaries are involved in various claims and lawsuits incidental to their businesses. In addition, it is also subject to asbestos litigation as described below.

Asbestos Litigation

Claims have been asserted alleging personal injury from exposure to asbestos-containing components historically used in some products of predecessors of the Corporation’s Air & Liquid Systems Corporation subsidiary (“Asbestos Liability”) and of an inactive subsidiary in dissolution. Those subsidiaries, and in some cases the Corporation, are defendants (among a number of defendants, often in excess of 50) in cases filed in various state and federal courts.

Asbestos Claims

The following table reflects approximate information about the claims for Asbestos Liability against the subsidiaries and the Corporation, along with certain asbestos claims asserted against the inactive subsidiary in dissolution:

	Three Months Ended March 31,
	2013			2012
Total claims pending at the beginning of the period		8,007			8,145
New claims served		381			88
Claims dismissed		(106	)		(150	)
Claims settled		(55	)		(65	)
Total claims pending at the end of the period (1)		8,227			8,018
Gross settlement and defense costs (in 000’s)	$	6,087		$	4,853
Avg. gross settlement and defense costs per claim resolved (in 000’s)	$	37.81		$	22.57

(1) Included as “open claims” are approximately 1,634 and 1,663 claims as of March 31, 2013 and 2012, respectively, classified in various jurisdictions as “inactive” or transferred to a state or federal judicial panel on multi-district litigation, commonly referred to as the MDL.

A substantial majority of the settlement and defense costs reflected in the above table was reported and paid by insurers. Because claims are often filed and can be settled or dismissed in large groups, the amount and timing of settlements, as well as the number of open claims, can fluctuate significantly from period to period.

Asbestos Insurance

The Corporation and its Air & Liquid Systems Corporation (“Air & Liquid”) subsidiary are parties to a series of settlement agreements (“Settlement Agreements”) with insurers that have coverage obligations for Asbestos Liability (the “Settling Insurers”). The Settlement Agreements include agreements with insurers encompassing all known solvent primary policies and solvent first-layer excess policies with responsibilities for Asbestos Liability. The Settlement Agreements also include an agreement, effective on October 8, 2012, with insurers responsible for the majority of the solvent second-layer and above excess insurance policies issued to the Corporation from 1981 through 1984. Under the Settlement Agreements, the Settling Insurers accept financial responsibility, subject to the terms and conditions of the respective agreements, including overall coverage limits, for pending and future claims for Asbestos Liability. The claims against the Corporation’s inactive subsidiary in dissolution, numbering approximately 289 as of March 31, 2013, are not included within the Settlement Agreements. The Corporation believes that the claims against the inactive subsidiary in dissolution are immaterial.

The Settlement Agreements include acknowledgements that Howden North America, Inc. (“Howden”) is entitled to coverage under policies covering Asbestos Liability for claims arising out of the historical products manufactured or distributed by Buffalo Forge, a former subsidiary of the Corporation (the “Products”). The Settlement Agreements do not provide for any prioritization on access to the applicable policies or any sub limits of liability as to Howden or the Corporation and Air & Liquid, and, accordingly, Howden may access the coverage afforded by the Settling Insurers for any covered claim arising out of a Product. In general, access by Howden to the coverage afforded by the Settling Insurers for the Products will erode coverage under the Settlement Agreements available to the Corporation and Air & Liquid for Asbestos Liability.

On February 24, 2011, the Corporation and Air & Liquid filed a lawsuit in the United States District Court for the Western District of Pennsylvania against thirteen domestic insurance companies, certain underwriters at Lloyd’s, London and certain London market insurance companies, and Howden. The lawsuit seeks a declaratory judgment regarding the respective rights and obligations of the parties under excess insurance policies that were issued to the Corporation from 1981 through 1984 as respects claims against the Corporation and its subsidiary for Asbestos Liability and as respects asbestos bodily-injury claims against Howden arising from the Products. The Corporation and Air & Liquid entered into an agreement, effective October 8, 2012, as described above, with eight of the domestic defendant insurers in the action. That agreement specifies the terms and conditions upon which the insurer parties would contribute to defense and indemnity costs for claims for Asbestos Liability. Howden also reached an agreement with such insurers, effective the same day, addressing asbestos-related bodily injury claims arising from the Products. On October 16, 2012, the Court entered Orders dismissing all claims filed by the Corporation and Air & Liquid, Howden and the eight settling excess insurers against each other in the litigation. Various counterclaims, cross claims and third party claims have been filed in the litigation and remain pending as to non-settled parties.

Asbestos Valuations

In 2006, the Corporation retained Hamilton, Rabinovitz & Associates, Inc. (“HR&A”), a nationally recognized expert in the valuation of asbestos liabilities, to assist the Corporation in estimating the potential liability for pending and unasserted future claims for Asbestos Liability. HR&A was not requested to estimate asbestos claims against the inactive subsidiary in dissolution, which the Corporation believes are immaterial. Based on this analysis, the Corporation recorded a reserve for Asbestos Liability claims pending or projected to be asserted through 2013 as at December 31, 2006. HR&A’s analysis has been periodically updated since that time. Most recently, the HR&A analysis was updated in 2012, and additional reserves were established by the Corporation as at December 31, 2012 for Asbestos Liability claims pending or projected to be asserted through 2022. The methodology used by HR&A in its projection in 2012 of the operating subsidiaries’ liability for pending and unasserted potential future claims for Asbestos Liability, which is substantially the same as the methodology employed by HR&A in prior estimates, relied upon and included the following factors:

• HR&A’s interpretation of a widely accepted forecast of the population likely to have been exposed to asbestos;

• epidemiological studies estimating the number of people likely to develop asbestos-related diseases;

• HR&A’s analysis of the number of people likely to file an asbestos-related injury claim against the subsidiaries and the Corporation based on such epidemiological data and relevant claims history from January 1, 2010 to December 20, 2012;

• an analysis of pending cases, by type of injury claimed and jurisdiction where the claim is filed;

• an analysis of claims resolution history from January 1, 2010 to December 20, 2012 to determine the average settlement value of claims, by type of injury claimed and jurisdiction of filing; and

• an adjustment for inflation in the future average settlement value of claims, at an annual inflation rate based on the Congressional Budget Office’s ten year forecast of inflation.

Using this information, HR&A estimated in 2012 the number of future claims for Asbestos Liability that would be filed through the year 2022, as well as the settlement or indemnity costs that would be incurred to resolve both pending and future unasserted claims through 2022. This methodology has been accepted by numerous courts.

In conjunction with developing the aggregate liability estimate referenced above, the Corporation also developed an estimate of probable insurance recoveries for its Asbestos Liabilities. In developing the estimate, the Corporation considered HR&A’s projection for settlement or indemnity costs for Asbestos Liability and management’s projection of associated defense costs (based on the current defense to indemnity cost ratio), as well as a number of additional factors. These additional factors included the Settlement Agreements then in effect, policy exclusions, policy limits, policy provisions regarding coverage for defense costs, attachment points, prior impairment of policies and gaps in the coverage, policy exhaustions, insolvencies among certain of the insurance carriers, the nature of the underlying claims for Asbestos Liability asserted against the subsidiaries and the Corporation as reflected in the Corporation’s asbestos claims database, and the status of negotiations with insurers not party to the Settlement Agreements, as well as estimated erosion of insurance limits on account of claims against Howden arising out of the Products. In addition to consulting with the Corporation’s outside legal counsel on these insurance matters, the Corporation consulted with a nationally-recognized insurance consulting firm it retained to assist the Corporation with certain policy allocation matters that also are among the several factors considered by the Corporation when analyzing potential recoveries from relevant historical insurance for Asbestos Liabilities. Based upon all of the factors considered by the Corporation, and taking into account the Corporation’s analysis of publicly available information regarding the credit-worthiness of various insurers, the Corporation estimated the probable insurance recoveries for Asbestos Liability and defense costs through 2022. Although the Corporation believes that the assumptions employed in the insurance valuation were reasonable and previously consulted with its outside legal counsel and insurance consultant regarding those assumptions, there are other assumptions that could have been employed that would have resulted in materially lower insurance recovery projections.

Based on the analyses described above, the Corporation’s reserve at December 31, 2012 for the total costs, including defense costs, for Asbestos Liability claims pending or projected to be asserted through 2022 was $181,022, of which approximately 73% was attributable to settlement costs for unasserted claims projected to be filed through 2022 and future defense costs. While it is reasonably possible that the Corporation will incur additional charges for Asbestos Liability and defense costs in excess of the amounts currently reserved, the Corporation believes that there is too much uncertainty to provide for reasonable estimation of the number of future claims, the nature of such claims and the cost to resolve them beyond 2022. Accordingly, no reserve has been recorded for any costs that may be incurred after 2022.

The Corporation’s receivable at December 31, 2012 for insurance recoveries attributable to the claims for which the Corporation’s Asbestos Liability reserve has been established, including the portion of incurred defense costs covered by the Settlement Agreements in effect through December 31, 2012, and the probable payments and reimbursements relating to the estimated indemnity and defense costs for pending and unasserted future Asbestos Liability claims, was $118,115.

The following table summarizes activity relating to insurance recoveries.

	Three Months Ended March 31,
	2013			2012
Insurance receivable – asbestos, beginning of the year	$	118,115		$	126,206
Settlement and defense costs paid by insurance carriers		(8,432	)		(3,363	)
Insurance receivable – asbestos, end of the period	$	109,683		$	122,843

The insurance receivable recorded by the Corporation does not assume any recovery from insolvent carriers, and a substantial majority of the insurance recoveries deemed probable was from insurance companies rated A – (excellent) or better by A.M. Best Corporation. There can be no assurance, however, that there will not be further insolvencies among the relevant insurance carriers, or that the assumed percentage recoveries for certain carriers will prove correct. The difference between insurance recoveries and projected costs is not due to exhaustion of all insurance coverage for Asbestos Liability. The Corporation and the subsidiaries have substantial additional insurance coverage which the Corporation expects to be available for Asbestos Liability claims and defense costs the subsidiaries and it may incur after 2022. However, this insurance coverage also can be expected to have gaps creating significant shortfalls of insurance recoveries as against claims expense, which could be material in future years.

The amounts recorded by the Corporation for Asbestos Liabilities and insurance receivables rely on assumptions that are based on currently known facts and strategy. The Corporation’s actual expenses or insurance recoveries could be significantly higher or lower than those recorded if assumptions used in the Corporation’s or HR&A’s calculations vary significantly from actual results. Key variables in these assumptions are identified above and include the number and type of new claims to be filed each year, the average cost of disposing of each such new claim, average annual defense costs, the resolution of coverage issues with insurance carriers, and the solvency risk with respect to the relevant insurance carriers. Other factors that may affect the Corporation’s Asbestos Liability and ability to recover under its insurance policies include uncertainties surrounding the litigation process from jurisdiction to jurisdiction and from case to case, reforms that may be made by state and federal courts, and the passage of state or federal tort reform legislation.

The Corporation intends to evaluate its estimated Asbestos Liability and related insurance receivables as well as the underlying assumptions on a regular basis to determine whether any adjustments to the estimates are required. Due to the uncertainties surrounding asbestos litigation and insurance, these regular reviews may result in the Corporation incurring future charges; however, the Corporation is currently unable to estimate such future charges. Adjustments, if any, to the Corporation’s estimate of its recorded Asbestos Liability and/or insurance receivables could be material to operating results for the periods in which the adjustments to the liability or receivable are recorded, and to the Corporation’s liquidity and consolidated financial position.

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Condensed Consolidated Statements of Operations (Unaudited) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Condensed Consolidated Statements of Operations [Abstract]
Net sales	$ 69,624	$ 73,605
Operating costs and expenses:
Costs of products sold (excluding depreciation)	55,090	56,236
Selling and administrative	9,858	10,427
Depreciation	2,971	2,825
Gain on disposal of assets	(6)	0
Total operating expenses	67,913	69,488
Income from operations	1,711	4,117
Other income (expense):
Investment-related income	12	16
Interest expense	(53)	(56)
Other - net	(602)	(237)
Total other income (expense)	(643)	(277)
Income before income taxes and equity losses in Chinese joint venture	1,067	3,840
Income tax provision	(320)	(1,375)
Equity losses in Chinese joint venture	(621)	(465)
Net income	$ 126	$ 2,000
Net income per common share:
Basic	$ 0.01	$ 0.19
Diluted	$ 0.01	$ 0.19
Cash dividends declared per share	$ 0.18	$ 0.18
Weighted average number of common shares outstanding:
Basic	10,346	10,329
Diluted	10,399	10,393

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Commitments and Contingent Liabilities

3 Months Ended

Mar. 31, 2013

Commitments and Contingent Liabilities / Litigation [Abstract]

Commitments and Contingent Liabilities

6. Commitments and Contingent Liabilities

Outstanding standby and commercial letters of credit as of March 31, 2013 approximated $18,656, the majority of which serve as collateral for the Industrial Revenue Bond debt.

In 2010, UES-UK was awarded a government grant of up to $1,325 (£850) toward the purchase and installation of certain machinery and equipment of which $1,083 (£680) has been received to date. Under the agreement, the grant is repayable if certain conditions are not met including achieving and maintaining a targeted level of employment through 2017. UES-UK’s level of employment currently exceeds and is expected to continue to exceed the targeted level of employment; accordingly, no liability has been recorded.

See Note 12 regarding litigation and Note 13 for environmental matters.

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Pension and Other Postretirement Benefits

3 Months Ended

Mar. 31, 2013

Pension and Other Postretirement Benefits [Abstract]

Pension And Other Postretirement Benefits

5. Pension and Other Postretirement Benefits

Contributions were as follows:

	Three Months Ended March 31,
	2013		2012
U.K. pension benefits plan	$	438	$	444
Other postretirement benefits (e.g. net payments)	$	122	$	137
U.K. defined contribution plan	$	74	$	78

Net periodic pension and other postretirement costs include the following components:

	Three Months Ended March 31,
U.S. Pension Benefits	2013			2012
Service cost	$	1,169		$	821
Interest cost		2,020			2,194
Expected return on plan assets		(2,359	)		(2,383	)
Amortization of prior service cost		166			167
Amortization of actuarial loss		1,808			1,531
Net benefit costs	$	2,804		$	2,330

	Three Months Ended March 31,
U.K. Pension Benefits	2013			2012
Interest cost	$	618		$	623
Expected return on plan assets		(595	)		(522	)
Amortization of actuarial loss		153			148
Net benefit costs	$	176		$	249

	Three Months Ended March 31,
Other Postretirement Benefits	2013		2012
Service cost	$	201	$	161
Interest cost		208		230
Amortization of prior service cost		21		22
Amortization of actuarial loss		84		103
Net benefit costs	$	514	$	516

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Other Current Liabilities (Tables)

3 Months Ended

Mar. 31, 2013

Other Current Liabilities [Abstract]

Schedule of other current liabilities

	March 31, 2013		December 31, 2012
Customer-related liabilities	$	11,785	$	13,444
Accrued sales commissions		1,982		2,146
Other		8,816		8,883
	$	22,583	$	24,473

Schedule of changes in liability for product warranty claims

	Three Months Ended March 31,
	2013			2012
Balance at beginning of the period	$	6,625		$	5,498
Satisfaction of warranty claims		(545	)		(692	)
Provision for warranty claims		575			589
Other, primarily impact from changes in foreign currency exchange rates		(246	)		77
Balance at end of the period	$	6,409		$	5,472

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Environmental Matters

3 Months Ended

Mar. 31, 2013

Environmental Matters [Abstract]

Environmental Matters

13. Environmental Matters

The Corporation is currently performing certain remedial actions in connection with the sale of real estate previously owned. Environmental exposures are difficult to assess and estimate for numerous reasons including lack of reliable data, the multiplicity of possible solutions, the years of remedial and monitoring activity required, and identification of new sites. In the opinion of management and in consideration of advice from the Corporation’s consultants, the potential liability for all environmental proceedings of approximately $1,100 at March 31, 2013 is considered adequate based on information known to date.

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Stock-Based Compensation

3 Months Ended

Mar. 31, 2013

Stock-Based Compensation [Abstract]

Stock-Based Compensation

9. Stock-Based Compensation

In May 2011, the shareholders of the Corporation approved the adoption of the 2011 Omnibus Incentive Plan (Incentive Plan) which authorizes the issuance of up to 1,000,000 shares of the Corporation’s common stock for grants of equity-based compensation. Awards under the Incentive Plan may include incentive non-qualified stock options, stock appreciation rights, restricted shares and restricted stock units, performance awards, other stock-based awards or short-term cash incentive awards. The Incentive Plan is administered by the Compensation Committee of the Board of Directors who has the authority to determine, within the limits of the express provisions of the Incentive Plan, the individuals to whom the awards will be granted; the nature, amount and terms of such awards; and the objectives and conditions for earning such awards. In May 2013, the Compensation Committee granted 173,750 non-qualified stock options to select employees. The options have a ten-year life and vest over a three-year period.

The Incentive Plan also provides for annual grants of shares of the Corporation’s common stock to non-employee directors following the Corporation’s annual shareholder meeting. Each annual director award will be for a number of shares having a fair market value equal to $25 and will be fully vested as of the grant date. In May 2013, 11,656 shares of the Corporation’s common stock were issued to the non-employee directors.

Stock-based compensation expense for the three months ended March 31, 2013 and 2012 equaled $296 and $399, respectively. The related income tax benefit recognized in the condensed consolidated statement of operations for each of the periods was approximately $104 and $140, respectively.

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Derivative Instruments

3 Months Ended

Mar. 31, 2013

Derivative Instruments [Abstract]

Derivative Instruments

7. Derivative Instruments

Certain of the Corporation’s operations are subject to risk from exchange rate fluctuations in connection with sales in foreign currencies. To minimize this risk, foreign currency sales contracts are entered into which are designated as cash flow or fair value hedges and are recorded in the consolidated balance sheet as either an asset or a liability measured at their fair value. The accounting for changes in the fair value of a derivative depends on the use of the derivative. To the extent that a derivative is designated and effective as a cash flow hedge of an exposure to future changes in value, the change in fair value of the derivative is deferred in accumulated other comprehensive income (loss). Any portion considered to be ineffective, including that arising from the unlikelihood of an anticipated transaction to occur, is reported as a component of earnings (other income/expense) immediately. Upon occurrence of the anticipated transaction, the derivative designated and effective as a cash flow hedge is de-designated as a fair value hedge and the change in fair value previously deferred in accumulated other comprehensive income (loss) is reclassified to earnings (net sales) with subsequent changes in fair value recorded as a component of earnings (other income/expense). To the extent that a derivative is designated and effective as a hedge of an exposure to changes in fair value, the change in the derivative’s fair value will be offset in the consolidated statement of operations by the change in the fair value of the item being hedged and is recorded as a component of earnings (other income/expense).

As of March 31, 2013, approximately $19,143 of anticipated foreign-denominated sales has been hedged which are covered by fair value contracts settling at various dates through January 2014. The fair value of assets held as collateral for the fair value contracts as of March 31, 2013 approximated $760. As of March 31, 2013, there were no cash flow contracts outstanding for future sales.

Additionally, certain of the Corporation’s divisions are subject to risk from increases in the price of commodities (copper and aluminum) used in the production of inventory. To minimize this risk, futures contracts are entered into which are designated as cash flow hedges. The change in fair value of the derivative is deferred in accumulated other comprehensive income (loss). Any portion considered to be ineffective, including that arising from the unlikelihood of an anticipated transaction to occur, is reported as a component of earnings (other income/expense) immediately. Upon occurrence of the anticipated transaction, the futures contract is settled and the change in fair value previously deferred in accumulated other comprehensive income (loss) is reclassified to earnings (costs of products sold, excluding depreciation) when the projected sales occur. At March 31, 2013, approximately 57% or $3,249 of anticipated copper purchases over the next nine months and 57% or $427 of anticipated aluminum purchases over the next four months are hedged. The fair value of assets held as collateral as of March 31, 2013 equaled $485.

The Corporation previously entered into foreign currency purchase contracts to manage the volatility associated with Euro-denominated progress payments to be made for certain machinery and equipment. As of December 31, 2010, all contracts had been settled and the underlying fixed assets were placed in service. The change in the fair value is included in accumulated other comprehensive income (loss) and is being amortized to pre-tax earnings (as an offset to depreciation expense) over the life of the underlying assets.

No portion of the existing cash flow or fair value hedges is considered to be ineffective, including any ineffectiveness arising from the unlikelihood of an anticipated transaction to occur. Additionally, no amounts have been excluded from assessing the effectiveness of the hedge.

At March 31, 2013, the Corporation has purchase commitments covering 46% or $6,276 of anticipated natural gas usage through 2015 at one of its subsidiaries. The commitments qualify as normal purchases and, accordingly, are not reflected on the consolidated balance sheet.

The Corporation does not enter into derivative transactions for speculative purposes and, therefore, holds no derivative instruments for trading purposes.

Gains (losses) on foreign exchange transactions included in other income (expense) approximated $(300) and $27 for the three months ended March 31, 2013 and 2012, respectively.

The location and fair value of the foreign currency sales contracts recorded on the consolidated balance sheets were as follows:

	Location	March 31, 2013		December 31, 2012
Cash flow hedge contracts	Other current assets	$	0	$	46
Fair value hedge contracts	Other current liabilities		578		0
	Other current assets		0		218
Fair value hedged items	Receivables		63		(94	)
	Other current assets		500		0
	Other current liabilities		0		223

The change in the fair value of the cash flow contracts is recorded as a component of accumulated other comprehensive income (loss). The balances as of March 31, 2013 and 2012 and the amount recognized as and reclassified from accumulated other comprehensive income (loss) for each of the periods is summarized below. All amounts are after-tax.

Three Months Ended March 31, 2013	Comprehensive Income (Loss) Beginning of the Year			Plus Recognized as Comprehensive Income (Loss)			Less Gain (Loss) Reclassified from Accumulated Other Comprehensive Income  (Loss)			Comprehensive Income (Loss) End of the Period
Foreign currency sales contracts – cash flow hedges	$	0		$	0		$	0		$	0
Foreign currency purchase contracts		292			0			5			287
Futures contracts – copper and aluminum		26			(193	)		(8	)		(159	)
	$	318		$	(193	)	$	(3	)	$	128
Three Months Ended March 31, 2012
Foreign currency sales contracts – cash flow hedges	$	114		$	(26	)	$	50		$	38
Foreign currency purchase contracts		309			0			4			305
Futures contracts – copper and aluminum		(314	)		251		$	(177	)		114
	$	109		$	225		$	(123	)	$	457

The change in fair value reclassified or expected to be reclassified from accumulated other comprehensive income (loss) to earnings is summarized below. All amounts are pre-tax.

	Location of Gain (Loss) in Statements	Estimated to be Reclassified in the			Three Months Ended March 31,
	of Operations	Next 12 Months			2013			2012
Foreign currency sales contracts - cash flow hedges	Net sales		n/a		$	0		$	79
Foreign currency purchase contracts	Depreciation	$	28			7			7
Futures contracts – copper and aluminum	Costs of products sold (excluding depreciation)		(255	)		(14	)		(284	)

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Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2013

Accumulated Other Comprehensive Loss [Abstract]

Accumulated Other Comprehensive Loss

8. Accumulated Other Comprehensive Loss

Net change and ending balances for the various components of other comprehensive income (loss) and accumulated other comprehensive loss as of and for the three months ended March 31, 2013 and 2012 is summarized below. All amounts are net of tax, where applicable.

	Foreign Currency Translation Adjustments			Unrecognized Employee Benefit Costs			Unrealized Holding Gains on Marketable Securities		Cash Flow Hedges			Accumulated Other Comprehensive Loss
Balance at January 1, 2013	$	(1,543	)	$	(81,783	)	$	633	$	318		$	(82,375	)
Net Change		(2,898	)		1,426			210		(190	)		(1,452	)
Balance at March 31, 2013	$	(4,441	)	$	(80,357	)	$	843	$	128		$	(83,827	)
Balance at January 1, 2012	$	(4,736	)	$	(75,225	)	$	562	$	109		$	(79,290	)
Net Change		1,742			1,266			89		348			3,445
Balance at March 31, 2012	$	(2,994	)	$	(73,959	)	$	651	$	457		$	(75,845	)

The following summarizes the line items affected on the condensed consolidated statements of operations for components reclassified from accumulated other comprehensive income (loss). Amounts in parentheses represent credits to net income.

	Three Months Ended March 31,
	2013			2012			Affected Line Item
Amortization of unrecognized employee benefit costs	$	1,440		$	1,296		Costs of products sold (excluding depreciation)
		573			480		Selling and administrative
		219			195		Other income (expense)
		2,232			1,971		Total before income tax
		(806	)		(705	)	Income tax provision
	$	1,426		$	1,266		Net of tax
Realized (gains) on sale of marketable securities	$	(7	)	$	(32	)	Selling and administrative
		2			11		Income tax provision
	$	(5	)	$	(21	)	Net of tax
Realized losses (gains) from settlement of cash flow hedges:
Foreign currency sales contracts – cash flow hedges	$	0		$	(79	)	Net sales
Foreign currency purchase contracts		(7	)		(7	)	Depreciation
Futures contracts – copper and aluminum		14			284		Costs of products sold (excluding depreciation)
		7			198		Total before income tax
		(4	)		(75	)	Income tax provision
	$	3		$	123		Net of tax

The income tax expense (benefit) associated with the various components of other comprehensive income (loss) for the three months ended March 31, 2013 and 2012 is summarized below. Foreign currency translation adjustments exclude the effect of income taxes since earnings of non-U.S. subsidiaries are deemed to be reinvested for an indefinite period of time.

	Three Months Ended March 31,
	2013			2012
Tax expense (benefit) associated with changes in:
Unrealized holding gains/losses on marketable securities	$	(116	)	$	(59	)
Fair value of cash flow hedges		116			(137	)
Tax expense (benefit) associated with reclassification adjustments:
Amortization of unrecognized employee benefit costs		(806	)		(705	)
Realized gains/losses from sale of marketable securities		2			11
Realized gains/losses from settlement of cash flow hedges		(4	)		(75	)

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Fair Value

3 Months Ended

Mar. 31, 2013

Fair Value [Abstract]

Fair Value

10. Fair Value

The Corporation’s financial assets and liabilities that are reported at fair value in the accompanying condensed consolidated balance sheets as of March 31, 2013 and December 31, 2012 were as follows:

	Quoted Prices in Active Markets for Identical Inputs (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
As of March 31, 2013
Investments
Other noncurrent assets	$	3,705	$	0	$	0	$	3,705
Foreign currency exchange contracts
Other current assets		0		500		0		500
Other current liabilities		0		578		0		578
As of December 31, 2012
Investments
Other noncurrent assets	$	3,358	$	0	$	0	$	3,358
Foreign currency exchange contracts
Other current assets		0		264		0		264
Other current liabilities		0		223		0		223

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Other Current Liabilities (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Schedule of other current liabilities
Customer-related liabilities	$ 11,785	$ 13,444
Accrued sales commissions	1,982	2,146
Other	8,816	8,883
Other current liabilities	$ 22,583	$ 24,473

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Litigation (Details Textual) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2012	Mar. 31, 2013 Claims	Mar. 31, 2012 Claims
Litigation (Textual) [Abstract]
Number of claims inactive or transferred to MDL panel		1,634	1,663
Number of claims against inactive subsidiary not included within Coverage Arrangement		289
Reserves for total costs for asbestos liability claims pending or projected	$ 181,022
Percentage attributable to settlement costs for unasserted claims projected to be filed	73.00%
Insurance recoveries receivable	$ 118,115

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Inventories (Tables)

3 Months Ended

Mar. 31, 2013

Inventories [Abstract]

Inventories

	March 31, 2013		December 31, 2012
Raw materials	$	20,564	$	22,514
Work-in-process		31,568		31,164
Finished goods		7,677		5,907
Supplies		10,807		11,084
	$	70,616	$	70,669

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Accumulated Other Comprehensive Loss (Tables)

3 Months Ended

Mar. 31, 2013

Other Comprehensive Loss

Net Change and ending balances for the various components of other comprehensive income (loss) and accumulated other comprehensive loss

	Foreign Currency Translation Adjustments			Unrecognized Employee Benefit Costs			Unrealized Holding Gains on Marketable Securities		Cash Flow Hedges			Accumulated Other Comprehensive Loss
Balance at January 1, 2013	$	(1,543	)	$	(81,783	)	$	633	$	318		$	(82,375	)
Net Change		(2,898	)		1,426			210		(190	)		(1,452	)
Balance at March 31, 2013	$	(4,441	)	$	(80,357	)	$	843	$	128		$	(83,827	)
Balance at January 1, 2012	$	(4,736	)	$	(75,225	)	$	562	$	109		$	(79,290	)
Net Change		1,742			1,266			89		348			3,445
Balance at March 31, 2012	$	(2,994	)	$	(73,959	)	$	651	$	457		$	(75,845	)

Line items affected on the condensed consolidated statements of operations for components reclassified from accumulated other comprehensive income (loss)

	Three Months Ended March 31,
	2013			2012			Affected Line Item
Amortization of unrecognized employee benefit costs	$	1,440		$	1,296		Costs of products sold (excluding depreciation)
		573			480		Selling and administrative
		219			195		Other income (expense)
		2,232			1,971		Total before income tax
		(806	)		(705	)	Income tax provision
	$	1,426		$	1,266		Net of tax
Realized (gains) on sale of marketable securities	$	(7	)	$	(32	)	Selling and administrative
		2			11		Income tax provision
	$	(5	)	$	(21	)	Net of tax
Realized losses (gains) from settlement of cash flow hedges:
Foreign currency sales contracts – cash flow hedges	$	0		$	(79	)	Net sales
Foreign currency purchase contracts		(7	)		(7	)	Depreciation
Futures contracts – copper and aluminum		14			284		Costs of products sold (excluding depreciation)
		7			198		Total before income tax
		(4	)		(75	)	Income tax provision
	$	3		$	123		Net of tax

Summary of tax benefit (expense) for various components of other comprehensive income (loss)

	Three Months Ended March 31,
	2013			2012
Tax expense (benefit) associated with changes in:
Unrealized holding gains/losses on marketable securities	$	(116	)	$	(59	)
Fair value of cash flow hedges		116			(137	)
Tax expense (benefit) associated with reclassification adjustments:
Amortization of unrecognized employee benefit costs		(806	)		(705	)
Realized gains/losses from sale of marketable securities		2			11
Realized gains/losses from settlement of cash flow hedges		(4	)		(75	)

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Litigation (Details) (USD $)	3 Months Ended
	Mar. 31, 2013 Claims	Mar. 31, 2012 Claims
Schedule of loss contingencies by contingency
Total claims pending at the end of the period	289
Asbestos Claims [Member]
Schedule of loss contingencies by contingency
Total claims pending at the beginning of the period	8,007	8,145
New claims served	381	88
Claims dismissed	(106)	(150)
Claims settled	(55)	(65)
Total claims pending at the end of the period	8,227	8,018
Gross settlement and defense costs (in 000's)	$ 6,087,000	$ 4,853,000
Avg. gross settlement and defense costs per claim resolved (in 000's)	$ 37,810	$ 22,570

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Derivative Instruments (Details 2) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Foreign currency sales contracts [Member] | Cash flow hedges [Member]
Summary of change in fair value reclassified or expected to be reclassified from accumulated other comprehensive income (loss) to earnings
Amount released to pre - tax earnings	$ 0	$ 79
Foreign currency purchases contracts [Member]
Summary of change in fair value reclassified or expected to be reclassified from accumulated other comprehensive income (loss) to earnings
Expected release to pre - tax earnings	28
Amount released to pre - tax earnings	7	7
Futures contracts - copper and aluminum [Member]
Summary of change in fair value reclassified or expected to be reclassified from accumulated other comprehensive income (loss) to earnings
Expected release to pre - tax earnings	(255)
Amount released to pre - tax earnings	$ (14)	$ (284)

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Condensed Consolidated Statements of Comprehensive (Loss) Income (Unaudited) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Condensed Consolidated Statements of Comprehensive (Loss) Income [Abstract]
Net income	$ 126	$ 2,000
Adjustments for changes in:
Foreign currency translation	(2,898)	1,742
Unrealized holding gains on marketable securities	215	110
Fair value of cash flow hedges	(193)	225
Reclassification adjustments for items included in net income:
Amortization of unrecognized employee benefit costs	1,426	1,266
Realized gains on sale of marketable securities	(5)	(21)
Realized losses from settlement of cash flow hedges	3	123
Other comprehensive (loss) income	(1,452)	3,445
Comprehensive (loss) income	$ (1,326)	$ 5,445

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Other Current Liabilities

3 Months Ended

Mar. 31, 2013

Other Current Liabilities [Abstract]

Other Current Liabilities

4. Other Current Liabilities

Other current liabilities were comprised of the following:

	March 31, 2013		December 31, 2012
Customer-related liabilities	$	11,785	$	13,444
Accrued sales commissions		1,982		2,146
Other		8,816		8,883
	$	22,583	$	24,473

Included in customer-related liabilities are costs expected to be incurred with respect to product warranties. Changes in the liability for product warranty claims consisted of the following:

	Three Months Ended March 31,
	2013			2012
Balance at beginning of the period	$	6,625		$	5,498
Satisfaction of warranty claims		(545	)		(692	)
Provision for warranty claims		575			589
Other, primarily impact from changes in foreign currency exchange rates		(246	)		77
Balance at end of the period	$	6,409		$	5,472

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Fair Value (Tables)

3 Months Ended

Mar. 31, 2013

Fair Value [Abstract]

Fair value of financial assets and liabilities

	Quoted Prices in Active Markets for Identical Inputs (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)		Total
As of March 31, 2013
Investments
Other noncurrent assets	$	3,705	$	0	$	0	$	3,705
Foreign currency exchange contracts
Other current assets		0		500		0		500
Other current liabilities		0		578		0		578
As of December 31, 2012
Investments
Other noncurrent assets	$	3,358	$	0	$	0	$	3,358
Foreign currency exchange contracts
Other current assets		0		264		0		264
Other current liabilities		0		223		0		223

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Commitments and Contingent Liabilities (Details) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013 USD ($)	Mar. 31, 2013 GBP (£)	Dec. 31, 2010 USD ($)	Dec. 31, 2010 GBP (£)
Commitments and Contingent Liabilities (Textual) [Abstract]
Outstanding standby and commercial letters of credit	$ 18,656
Government grants awarded			1,325	850
Government grants received	1,083	680
Recorded liability	$ 0

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Unaudited Condensed Consolidated Financial Statements (Policies)

3 Months Ended

Mar. 31, 2013

Unaudited Condensed Consolidated Financial Statements [Abstract]

Unaudited Condensed Consolidated Financial Statements

The condensed consolidated balance sheet as of March 31, 2013 and the condensed consolidated statements of operations, comprehensive (loss) income and cash flows for the three months ended March 31, 2013 and 2012 have been prepared by Ampco-Pittsburgh Corporation (the Corporation) without audit. In the opinion of management, all adjustments, consisting of only normal and recurring adjustments necessary to present fairly the financial position, results of operations and cash flows for the periods presented, have been made. The results of operations for the three months ended March 31, 2013 are not necessarily indicative of the operating results expected for the full year.

Certain information and footnote disclosures normally included in the annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted.

Recently Implemented Accounting Pronouncements

Recently Implemented Accounting Pronouncements

In December 2011, the Financial Accounting Standards Board (FASB) issued ASU 2011-11, Disclosures about Offsetting Assets and Liabilities, which requires expanded disclosures, including gross and net information, about financial and derivative instruments that are either offset in the balance sheet or are subject to an enforceable master netting arrangement or similar agreement. The guidance became effective for reporting periods beginning on or after January 1, 2013 and is to be applied retrospectively. The new guidance affects disclosures only and did not impact operating results, financial position or liquidity of the Corporation.

In February 2013, the FASB issued ASU 2013-02, Comprehensive Income: Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income, which requires entities to report the effect of significant reclassifications out of accumulated other comprehensive income (loss) on the respective line items in net income if the amount being reclassified is required to be reclassified in its entirety to net income. Information may be reported either on the face of the income statement or in the footnotes to the financial statements. For other amounts that are not required to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference to other required disclosures. The guidance became effective for reporting periods beginning on or after January 1, 2013. The guidance affects disclosures only. It does not change whether items are reported in net income or other comprehensive income or when items in other comprehensive income are reclassified to net income; accordingly, ASU 2013-02 did not impact the operating results, financial position or liquidity of the Corporation.