Restructuring

9 Months Ended

Sep. 30, 2020

Restructuring and Related Activities [Abstract]

In 2020, AEC reduced its workforce at various locations, principally in the United States, leading to restructuring charges of $2.6 million for the first nine months of 2020.

Machine Clothing restructuring charges for the first nine months of 2020 and 2019 were principally related to the plant closure of its MC production facility in Sélestat, France that was announced in 2017. Since 2017, we have recorded $13.3 million of restructuring charges related to this action.

The following table summarizes charges reported in the Consolidated Statements of Income under “Restructuring expenses, net”:


	Three months ended September 30,				Nine months ended September 30,
(in thousands)	2020		2019		2020		2019
Machine Clothing	$	384	$	(211)	$	1,414	$	1,125
Albany Engineered Composites	358		(33)		2,606		18
Corporate expenses	(32)		—		169		(4)
Total	$	710	$	(244)	$	4,189	$	1,139


Nine Months Ended September 30, 2020	Total restructuring costs incurred		Termination and other costs		Impairment of assets
(in thousands)
Machine Clothing	$	1,414	$	1,414	$	—
Albany Engineered Composites	2,606		2,606		—
Corporate expenses	169		169		—
Total	$	4,189	$	4,189	$	—


Nine Months Ended September 30, 2019	Total restructuring costs incurred		Termination and other costs		Impairment of assets
(in thousands)
Machine Clothing	$	1,125	$	1,081	$	44
Albany Engineered Composites	18		18		—
Corporate expenses	(4)		(4)		—
Total	$	1,139	$	1,095	$	44

We expect that approximately $2.8 million of Accrued liabilities for restructuring at September 30, 2020 will be paid within one year and approximately $0.3 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		September 30, 2020
Total termination and other costs	$	2,042	$	4,189	$	(3,186)	$	46	$	3,091


(in thousands)	December 31, 2018		Restructuring charges accrued		Payments		Currency translation /other		September 30, 2019
Total termination and other costs	$	5,570	$	1,095	$	(4,195)	$	(360)	$	2,110