XML 65 R35.htm IDEA: XBRL DOCUMENT v3.6.0.2
Acquisition (Tables)
12 Months Ended
Dec. 31, 2016
Summary of Fair Value of Assets Acquired and Liabilities Assumed

The resulting fair value of assets acquired and liabilities assumed as of the date of acquisition is as follows:

 

Current assets (excluding inventories)

   $ 41,703  

Inventories

     30,332  

Property, plant and equipment

     71,871  

Intangible assets

     11,784  

Other noncurrent assets

     8,068  

Current liabilities

     (71,690

Noncurrent liabilities

     (43,153

Net assets acquired

     48,915  

Noncontrolling interest

     (2,019

Goodwill

     27,259  

Base purchase price

   $ 74,155  

Summary of Pro Forma Financial Information

The following pro forma financial information is presented for informational purposes only and is not necessarily indicative of the results of operations that would have been achieved had the acquisition occurred at the beginning of 2015:

 

    

Year Ended

December 31,

 
      2016     2015  

Net sales

   $ 393,243     $ 440,265  

Loss before income taxes (includes noncontrolling interest)

   $ (63,498   $ (11,945

Net loss attributable to Ampco-Pittsburgh

   $ (85,778   $ (24,740

Net loss per common share (basic) attributable to Ampco-Pittsburgh

   $ (6.94   $ (2.03
ASW Steel Inc [Member]  
Summary of Fair Value of Assets Acquired and Liabilities Assumed

The estimated fair value of assets acquired and liabilities assumed as of the date of the acquisition is summarized below.

 

Current assets (excluding inventories)

   $ 6,525  

Inventories

     6,956  

Property, plant and equipment

     10,310  

Current liabilities

     (10,675

Outstanding indebtedness

     (9,616

Base purchase price

   $ 3,500