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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 12,190 $ 10,337
Receivables, less allowance for doubtful accounts of $906 as of September 30, 2022, and $1,240 as of December 31, 2021 76,341 68,829
Receivables from related parties (Note 17) 1,881 0
Inventories 92,511 88,198
Insurance receivable – asbestos 16,000 16,000
Other current assets 5,775 4,933
Total current assets 204,698 188,297
Property, plant and equipment, net 153,028 158,563
Operating lease right-of-use assets 3,547 4,056
Insurance receivable – asbestos 97,549 105,297
Deferred income tax assets 2,622 2,176
Intangible assets, net 4,970 6,204
Investments in joint ventures 2,175 2,175
Prepaid pensions 10,516 11,963
Other noncurrent assets 5,260 6,901
Total assets 484,365 485,632
Current liabilities:    
Accounts payable 37,584 43,105
Accounts payable to related parties (Note 17) 891 1,125
Accrued payrolls and employee benefits 12,628 15,954
Debt – current portion 15,376 20,007
Operating lease liabilities – current portion 630 641
Asbestos liability – current portion 23,000 23,000
Other current liabilities 29,174 21,210
Total current liabilities 119,283 125,042
Employee benefit obligations 54,167 62,114
Asbestos liability 142,631 157,314
Long-term debt 82,914 40,912
Noncurrent operating lease liabilities 2,917 3,415
Deferred income tax liabilities 3,626 3,858
Other noncurrent liabilities 808 1,171
Total liabilities 406,346 393,826
Commitments and contingent liabilities (Note 8)
Shareholders’ equity:    
Common stock – par value $1; authorized 40,000 shares; issued and outstanding 19,403 shares as of September 30, 2022, and 19,184 shares as of December 31, 2021 19,403 19,184
Additional paid-in capital 175,504 174,561
Retained deficit (53,172) (56,066)
Accumulated other comprehensive loss (72,324) (55,106)
Total Ampco-Pittsburgh shareholders’ equity 69,411 82,573
Noncontrolling interest 8,608 9,233
Total shareholders’ equity 78,019 91,806
Total liabilities and shareholders’ equity $ 484,365 $ 485,632