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Accumulated Other Comprehensive Loss | 6 Months Ended
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Jun. 30, 2025
Equity [Abstract] |
Accumulated Other Comprehensive Loss | Note 12 – Accumulate d Other Comprehensive Loss Net change and ending balances for the various components of accumulated other comprehensive loss as of and for the six months ended June 30, 2025 and 2024 are summarized below. All amounts are net of tax where applicable.
|  | Foreign Currency Translation |  |  | Unrecognized Employee Benefit Costs |  |  | Cash Flow Hedges |  |  | Total Accumulated Other Comprehensive Loss |  |  | Less: Noncontrolling Interest |  |  | Accumulated Other Comprehensive Loss Attributable to Ampco-Pittsburgh |
Balance at January 1, 2025 |  | $ | (27,691 | ) |  | $ | (39,856 | ) |  | $ | (102 | ) |  | $ | (67,649 | ) |  | $ | (813 | ) |  | $ | (66,836 | )
Net change |  |  | 10,702 |  |  |  | (1,403 | ) |  |  | 458 |  |  |  | 9,757 |  |  |  | 240 |  |  |  | 9,517 |
Balance at June 30, 2025 |  | $ | (16,989 | ) |  | $ | (41,259 | ) |  | $ | 356 |  |  | $ | (57,892 | ) |  | $ | (573 | ) |  | $ | (57,319 | )
Balance at January 1, 2024 |  | $ | (23,161 | ) |  | $ | (40,490 | ) |  | $ | 186 |  |  | $ | (63,465 | ) |  | $ | (476 | ) |  | $ | (62,989 | )
Net change |  |  | (2,722 | ) |  |  | (288 | ) |  |  | (57 | ) |  |  | (3,067 | ) |  |  | (273 | ) |  |  | (2,794 | )
Balance at June 30, 2024 |  | $ | (25,883 | ) |  | $ | (40,778 | ) |  | $ | 129 |  |  | $ | (66,532 | ) |  | $ | (749 | ) |  | $ | (65,783 | )
The following summarizes the line items affected on the condensed consolidated statements of operations for components reclassified from accumulated other comprehensive loss. Amounts in parentheses represent credits to net (loss) income.
| Three Months Ended June 30, |  |  | Six Months Ended June 30, |
| 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Amortization of unrecognized employee benefit costs: |  |  |  |  |  |  |  |  |  |  |
Other loss – net | $ | (258 | ) |  | $ | (174 | ) |  | $ | (323 | ) |  | $ | (357 | )
Income tax effect |  | - |  |  |  | — |  |  |  | — |  |  |  | — |
Net of tax | $ | (258 | ) |  | $ | (174 | ) |  | $ | (323 | ) |  | $ | (357 | )
Settlements of cash flow hedges: |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization (foreign currency purchase contracts) | $ | (8 | ) |  | $ | (8 | ) |  | $ | (14 | ) |  | $ | (14 | )
Costs of products sold (excluding depreciation and amortization) (futures contracts – copper and aluminum) |  | (281 | ) |  |  | (278 | ) |  |  | (336 | ) |  |  | (260 | )
Total before income tax |  | (289 | ) |  |  | (286 | ) |  |  | (350 | ) |  |  | (274 | )
Income tax effect |  | 8 |  |  |  | 8 |  |  |  | 10 |  |  |  | 7 |
Net of tax | $ | (281 | ) |  | $ | (278 | ) |  | $ | (340 | ) |  | $ | (267 | )
The income tax effect associated with the various components of other compreh ensive income (loss) for the three and six months ended June 30, 2025 and 2024 is summarized below. Amounts in parentheses represent credits to net (loss) income w hen reclassified to earnings. Certain amounts have no tax effect due to the Corporation having a valuation allowance recorded against the deferred income tax assets for the jurisdiction where the income or expense is recognized. 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 June 30, |  |  | Six Months Ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Income tax effect associated with changes in: |  |  |  |  |  |  |  |  |  |  |  |
Unrecognized employee benefit costs |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Fair value of cash flow hedges |  | $ | 5 |  |  | $ | (7 | ) |  | $ | 26 |  |  | $ | (5 | )
Income tax effect associated with reclassification adjustments: |  |  |  |  |  |  |  |  |  |  |  |
Amortization of unrecognized employee benefit costs |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Settlement of cash flow hedges |  | $ | 8 |  |  | $ | 8 |  |  | $ | 10 |  |  | $ | 7 |

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