Reportable Segments (Tables)

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following tables show data by reportable segment, reconciled to consolidated totals included in the financial statements:

	Three months ended June 30,				Six months ended June 30,
(in thousands)	2020		2019		2020		2019
Net sales
Machine Clothing	$	153,433	$	155,016	$	290,035	$	299,349
Albany Engineered Composites	72,557		118,933		171,719		225,972
Consolidated total	$	225,990	$	273,949	$	461,754	$	525,321
Operating income/(loss)
Machine Clothing	$	56,543	$	49,538	$	103,718	$	93,781
Albany Engineered Composites	8,299		17,732		15,922		27,254
Corporate expenses	(12,115)		(13,045)		(27,319)		(26,717)
Operating income	$	52,727	$	54,225	$	92,321	$	94,318
Reconciling items:
Interest income	(348)		(587)		(795)		(1,186)
Interest expense	4,171		5,218		8,595		10,234
Other expense/(income), net	1,091		930		16,660		(278)
Income before income taxes	$	47,813	$	48,664	$	67,861	$	85,548

Schedule of Restructuring Costs by Reporting Segment

The table below presents restructuring costs by reportable segment (also see Note 5):

	Three months ended June 30,				Six months ended June 30,
(in thousands)	2020		2019		2020		2019
Machine Clothing	$	388	$	935	$	1,030	$	1,336
Albany Engineered Composites	2,248		(32)		2,248		51
Corporate expenses	201		(4)		201		(4)
Total	$	2,837	$	899	$	3,479	$	1,383

Disaggregation of Revenue

The following table disaggregates revenue for each product group by timing of revenue recognition:

	Three months ended June 30, 2020
(in thousands)	Point in Time Revenue Recognition		Over Time Revenue Recognition		Total
Machine Clothing	$	152,585	$	848	$	153,433
Albany Engineered Composites
ASC	—		17,576		17,576
Other AEC	4,143		50,838		54,981
Total Albany Engineered Composites	4,143		68,414		72,557
Total revenue	$	156,728	$	69,262	$	225,990

	Six months ended June 30, 2020
(in thousands)	Point in Time Revenue Recognition		Over Time Revenue Recognition		Total
Machine Clothing	$	288,339	$	1,696	$	290,035
Albany Engineered Composites
ASC	—		55,470		55,470
Other AEC	10,463		105,786		116,249
Total Albany Engineered Composites	10,463		161,256		171,719
Total revenue	$	298,802	$	162,952	$	461,754

	Three months ended June 30, 2019
(in thousands)	Point in Time Revenue Recognition		Over Time Revenue Recognition		Total
Machine Clothing	$	154,216	$	800	$	155,016
Albany Engineered Composites
ASC	—		58,694		58,694
Other AEC	9,897		50,342		60,239
Total Albany Engineered Composites	9,897		109,036		118,933
Total revenue	$	164,113	$	109,836	$	273,949

	Six months ended June 30, 2019
(in thousands)	Point in Time Revenue Recognition		Over Time Revenue Recognition		Total
Machine Clothing	$	297,749	$	1,600	$	299,349
Albany Engineered Composites
ASC	—		114,137		114,137
Other AEC	16,142		95,693		111,835
Total Albany Engineered Composites	16,142		209,830		225,972
Total revenue	$	313,891	$	211,430	$	525,321

Schedule of Disaggregate MC Segment Revenue by Significant Product or Service

The following table disaggregates MC segment revenue by significant product groupings (paper machine clothing (PMC) and engineered fabrics), and, for PMC, the geographical region to which the paper machine clothing was sold:

	Three months ended June 30,				Six months ended June 30,
(in thousands)	2020		2019		2020		2019
Americas PMC	$	81,225	$	81,583	$	154,902	$	156,923
Eurasia PMC	54,166		54,081		99,297		105,519
Engineered Fabrics	18,042		19,352		35,836		36,907
Total Machine Clothing Net sales	$	153,433	$	155,016	$	290,035	$	299,349