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Reportable Segments and Revenue Recognition (Tables)
6 Months Ended
Jun. 30, 2021
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)
2021202020212020
Net sales
Machine Clothing
$159,921 $153,433 $308,127 $290,035 
Albany Engineered Composites74,598 72,557 148,753 171,719 
Consolidated total
$234,519 $225,990 $456,880 $461,754 
Operating income/(loss)
Machine Clothing
$55,902 $56,543 $106,264 $103,718 
Albany Engineered Composites7,164 8,299 10,102 15,922 
Corporate expenses
(13,100)(12,115)(24,581)(27,319)
Operating income$49,966 $52,727 $91,785 $92,321 
Reconciling items:
Interest income(401)(348)(930)(795)
Interest expense
4,619 4,171 8,717 8,595 
Other expense/(income), net862 1,091 1,462 16,660 
Income before income taxes
$44,886 $47,813 $82,536 $67,861 
Schedule of Restructuring Costs by Reporting Segment
The table below presents restructuring costs by reportable segment (also see Note 4):
Three months ended June 30,Six months ended June 30,
(in thousands)2021202020212020
Machine Clothing$10 $388 $(58)$1,030 
Albany Engineered Composites(48)2,248 41 2,248 
Corporate expenses29 201 60 201 
Total$(9)$2,837 $43 $3,479 
Disaggregation of Revenue
The following table disaggregates revenue for each product group by timing of revenue recognition:
Three months ended June 30, 2021
(in thousands)
Point in Time Revenue
Recognition
Over Time Revenue
Recognition
Total
Machine Clothing$159,056 $865 $159,921 
Albany Engineered Composites
ASC
 26,170 26,170 
Other AEC4,432 43,996 48,428 
Total Albany Engineered Composites
4,432 70,166 74,598 
                                         
Total revenue$163,488 $71,031 $234,519 
Six months ended June 30, 2021
(in thousands)Point in Time Revenue
Recognition
Over Time Revenue
Recognition
Total
Machine Clothing$306,397 $1,730 $308,127 
Albany Engineered Composites
ASC 53,254 53,254 
Other AEC8,312 87,187 95,499 
Total Albany Engineered Composites8,312 140,441 148,753 
Total revenue$314,709 $142,171 $456,880 

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 AEC4,143 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 AEC10,463 105,786 116,249 
Total Albany Engineered Composites10,463 161,256 171,719 
Total revenue$298,802 $162,952 $461,754 
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)
2021202020212020
Americas PMC$82,343 $81,225 $155,645 $154,902 
Eurasia PMC
55,900 54,166 111,043 99,297 
Engineered Fabrics21,678 18,042 41,439 35,836 
Total Machine Clothing Net sales
$159,921 $153,433 $308,127 $290,035