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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 14,958 $ 15,427
Trade receivables, less allowance for credit losses of $522 as of September 30, 2025 and $906 as of December 31, 2024 80,983 70,611
Inventories 119,165 116,761
Insurance receivable - asbestos 15,000 15,000
Contract assets 8,905 8,486
Other current assets 8,362 8,663
Total current assets 249,539 236,787
Property, plant and equipment, net 141,285 148,056
Operating lease right-of-use assets 4,648 4,592
Insurance receivable - asbestos, less allowance for credit losses of $656 as of September 30, 2025 and December 31, 2024 109,947 124,295
Deferred income tax assets 2,867 2,851
Intangible assets, net 4,609 4,255
Investments in joint ventures 2,175 2,175
Prepaid pensions 4,259 3,652
Other noncurrent assets 5,084 4,233
Total assets 524,413 530,896
Current liabilities:    
Accounts payable 46,447 36,310
Accrued payrolls and employee benefits 19,319 17,104
Debt – current portion 16,255 12,186
Operating lease liabilities – current portion 900 878
Asbestos liability – current portion 24,000 24,000
Customer-related liabilities 17,962 25,608
Other current liabilities 10,370 8,719
Total current liabilities 135,755 125,216
Employee benefit obligations 24,266 28,204
Asbestos liability 162,233 183,092
Long-term debt 118,959 116,394
Noncurrent operating lease liabilities 3,748 3,714
Deferred income tax liabilities 467 450
Other noncurrent liabilities 4,426 2,735
Total liabilities 449,854 459,805
Commitments and contingent liabilities (Note 10)
Shareholders’ equity:    
Common stock - par value $1; authorized 40,000 shares; issued and outstanding 20,228 shares as of September 30, 2025 and 19,980 shares as of December 31, 2024 20,228 19,980
Additional paid-in capital 178,877 178,298
Retained deficit (80,963) (72,559)
Accumulated other comprehensive loss (58,044) (66,836)
Total Ampco-Pittsburgh shareholders’ equity 60,098 58,883
Noncontrolling interest 14,461 12,208
Total shareholders’ equity 74,559 71,091
Total liabilities and shareholders’ equity 524,413 530,896
Related Party [Member]    
Current assets:    
Trade receivables from related parties 2,166 1,839
Current liabilities:    
Accounts payable to related parties $ 502 $ 411