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Restructuring (Tables)
6 Months Ended
Jun. 30, 2020
Restructuring and Related Activities [Abstract]  
Restructuring and Related Costs
The following table summarizes charges reported in the Consolidated Statements of Income under “Restructuring expenses, net”:
Three months ended June 30,Six months ended June 30,
(in thousands)
2020201920202019
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  
Six Months Ended June 30, 2020
Total
restructuring
costs incurred
Termination
and other
costs
Impairment of assets
(in thousands)
Machine Clothing
$1,030  $1,030  $—  
Albany Engineered Composites
2,248  2,248  —  
Corporate expenses
201  201  —  
Total
$3,479  $3,479  $—  
Six Months Ended June 30, 2019
Total
restructuring
costs incurred
Termination
and other
costs
Impairment of assets
(in thousands)
Machine Clothing$1,336  $1,309  $27  
Albany Engineered Composites51  51  —  
Corporate expenses(4) (4) —  
Total$1,383  $1,356  $27  
Schedule of Restructuring Reserve by Type of Cost
We expect that approximately $3.7 million of Accrued liabilities for restructuring at June 30, 2020 will be paid within one year and approximately $0.4 million will be paid the following year. The table below presents the year-to-date changes in restructuring liabilities for 2020 and 2019, all of which are related to termination costs:
(in thousands)
December 31,
2019
Restructuring
charges accrued
Payments
Currency
translation /other
June 30,
2020
Total termination and other costs
$2,042  $3,479  $(1,410) $(5) $4,106  
(in thousands)
December 31,
2018
Restructuring
charges accrued
Payments
Currency
translation /other
June 30,
2019
Total termination and other costs
$5,570  $1,356  $(3,129) $(290) $3,507