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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 18,280 $ 6,960
Receivables, less allowance for doubtful accounts of $828 in 2020 and $3,041 in 2019 56,115 81,783
Inventories 78,423 82,289
Insurance receivable – asbestos 15,000 16,000
Other current assets 6,535 6,380
Total current assets 174,353 193,412
Property, plant and equipment, net 160,590 166,392
Operating lease right-of-use assets 4,495 4,263
Insurance receivable – asbestos 106,584 120,932
Deferred income tax assets 2,886 2,997
Intangible assets, net 7,015 7,625
Investments in joint ventures 2,175 2,175
Other noncurrent assets 9,323 8,764
Total assets 467,421 506,560
Current liabilities:    
Accounts payable 28,846 33,271
Accrued payrolls and employee benefits 18,652 22,266
Debt – current portion 13,738 20,363
Operating lease liabilities – current portion 740 612
Asbestos liability – current portion 21,000 21,000
Other current liabilities 28,214 26,720
Total current liabilities 111,190 124,232
Employee benefit obligations 78,937 83,936
Asbestos liability 164,934 186,633
Long-term debt 18,860 50,494
Noncurrent operating lease liabilities 3,755 3,651
Deferred income tax liabilities 543 543
Other noncurrent liabilities 3,428 1,455
Total liabilities 381,647 450,944
Commitments and contingent liabilities (Note 9)
Shareholders’ equity:    
Common stock – par value $1; authorized 40,000 shares; issued and outstanding 18,312 shares in 2020 and 12,652 shares in 2019 18,312 12,652
Additional paid-in capital 169,913 156,251
Retained deficit (45,563) (51,341)
Accumulated other comprehensive loss (64,718) (68,662)
Total Ampco-Pittsburgh shareholders’ equity 77,944 48,900
Noncontrolling interest 7,830 6,716
Total shareholders’ equity 85,774 55,616
Total liabilities and shareholders’ equity $ 467,421 $ 506,560