Reportable Segments and Geographic Data (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Financial Data by Reporting Segment

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


(in thousands)	2020		2019		2018
Net Sales
Machine Clothing	$	572,955	$	601,254	$	611,858
Albany Engineered Composites	327,655		452,878		370,621
Consolidated total	$	900,610	$	1,054,132	$	982,479
Depreciation and amortization
Machine Clothing	20,304		21,875		30,813
Albany Engineered Composites	48,496		44,670		43,205
Corporate expenses	3,905		4,250		5,018
Consolidated total	$	72,705	$	70,795	$	79,036
Operating income/(loss)
Machine Clothing	190,805		191,965		169,836
Albany Engineered Composites	31,536		55,520		16,647
Corporate expenses	(56,261)		(53,909)		(49,075)
Operating income	$	166,080	$	193,576	$	137,408
Reconciling items:
Interest income	(2,748)		(2,729)		(2,118)
Interest expense	16,332		19,650		20,242
Other expense, net	13,422		(1,557)		4,037
Income before income taxes	$	139,074	$	178,212	$	115,247

Schedule of Restructuring Costs by Reporting Segment

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


(in thousands)	2020		2019		2018
Restructuring expenses, net
Machine Clothing	$	2,746	$	1,129	$	12,278
Albany Engineered Composites	2,821		1,833		3,048
Corporate expenses	169		(57)		244
Consolidated total	$	5,736	$	2,905	$	15,570

Schedule of Operating Assets and Capital Expenditures by Reporting Segment

The following table presents assets and capital expenditures by reportable segment:


(in thousands)	2020		2019		2018
Segment assets
Machine Clothing	$	443,476	$	441,072	$	453,836
Albany Engineered Composites	713,955		693,799		633,394
Reconciling items:
Cash	241,316		195,540		197,755
Income taxes prepaid, receivable and deferred	44,697		57,783		70,095
Prepaid and Other assets	106,492		86,174		62,912
Consolidated total assets	$	1,549,936	$	1,474,368	$	1,417,992

Capital expenditures and purchased software
Machine Clothing	$	15,792	$	16,707	$	20,230
Albany Engineered Composites	23,718		48,753		60,121
Corporate expenses	2,880		2,495		2,535
Consolidated total	$	42,390	$	67,955	$	82,886

Schedule of Financial Data by Geographic Area

The following table shows data by geographic area. Net sales are based on the location of the operation recording the final sale to the customer. Net sales recorded by our entity in Switzerland are derived from products sold throughout Europe and Asia, and are invoiced in various currencies.


(in thousands)	2020		2019		2018
Net sales
United States	$	503,473	$	574,063	$	519,349
Switzerland	128,328		146,571		157,339
Brazil	60,259		64,666		62,093
China	57,007		48,586		50,923
France	55,914		91,783		85,386
Mexico	39,859		73,039		48,534
Other countries	55,770		55,424		58,855
Consolidated total	$	900,610	$	1,054,132	$	982,479

Property, plant and equipment, at cost, net
United States	$	263,201	$	275,965	$	272,584
Mexico	41,738		45,640		40,343
France	41,107		43,986		50,245
China	40,898		41,799		48,686
Sweden	12,109		8,652		8,394
Germany (a)	10,808		10,577		27
United Kingdom	10,731		11,047		12,042
South Korea	10,550		10,795		12,396
Other countries	17,412		18,001		17,338
Consolidated total	$	448,554	$	466,462	$	462,055

(a)In 2019, the Company acquired CirComp GmbH, which resulted in an increase in Property, plant and equipment of $10.6 million.