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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 22,148 $ 20,700
Receivables, less allowance for doubtful accounts of $979 in 2018 and $962 in 2017 97,178 86,623
Inventories 111,956 107,561
Insurance receivable – asbestos 15,000 13,000
Other current assets 11,844 12,363
Total current assets 258,126 240,247
Property, plant and equipment, net 206,990 214,980
Insurance receivable – asbestos 76,292 87,342
Deferred income tax assets 2,993 1,590
Investments in joint ventures 2,175 2,175
Intangible assets, net 10,075 11,021
Other noncurrent assets 6,225 8,244
Total assets 562,876 565,599
Current liabilities:    
Accounts payable 50,404 47,479
Accrued payrolls and employee benefits 21,046 22,768
Debt – current portion 45,080 19,335
Asbestos liability – current portion 21,000 18,000
Other current liabilities 32,207 37,089
Total current liabilities 169,737 144,671
Employee benefit obligations 75,123 79,750
Asbestos liability 116,304 131,750
Long-term debt 41,245 46,818
Deferred income tax liabilities 353 433
Other noncurrent liabilities 2,187 416
Total liabilities 404,949 403,838
Commitments and contingent liabilities (Note 8)
Shareholders’ equity:    
Common stock – par value $1; authorized 20,000 shares; issued and outstanding 12,491 shares in 2018 and 12,361 shares in 2017 12,491 12,361
Additional paid-in capital 154,185 152,992
Retained earnings 36,926 38,348
Accumulated other comprehensive loss (49,203) (44,760)
Total Ampco-Pittsburgh shareholders’ equity 154,399 158,941
Noncontrolling interest 3,528 2,820
Total shareholders’ equity 157,927 161,761
Total liabilities and shareholders’ equity $ 562,876 $ 565,599