Reportable Segments and Geographic Data (Tables)

12 Months Ended

Dec. 31, 2021

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)	2021		2020		2019
Net Sales
Machine Clothing	$	619,015	$	572,955	$	601,254
Albany Engineered Composites	310,225		327,655		452,878
Consolidated total	$	929,240	$	900,610	$	1,054,132
Depreciation and amortization
Machine Clothing	20,191		20,304		21,875
Albany Engineered Composites	50,402		48,496		44,670
Corporate expenses	3,662		3,905		4,250
Consolidated total	$	74,255	$	72,705	$	70,795
Operating income/(loss)
Machine Clothing	215,654		190,805		191,965
Albany Engineered Composites	16,160		31,536		55,520
Corporate expenses	(53,803)		(56,261)		(53,909)
Operating income	$	178,011	$	166,080	$	193,576
Reconciling items:
Interest income	(2,500)		(2,748)		(2,729)
Interest expense	17,391		16,332		19,650
AMJP grant	(5,832)		—		—
Other expense, net	3,021		13,422		(1,557)
Income before income taxes	$	165,931	$	139,074	$	178,212

Schedule of Restructuring Costs by Reporting Segment

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


(in thousands)	2021		2020		2019
Restructuring expenses, net
Machine Clothing	$	1,202	$	2,746	$	1,129
Albany Engineered Composites	32		2,821		1,833
Corporate expenses	97		169		(57)
Consolidated total	$	1,331	$	5,736	$	2,905

Schedule of Operating Assets and Capital Expenditures by Reporting Segment

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


(in thousands)	2021		2020		2019
Segment assets
Machine Clothing	$	459,182	$	443,476	$	441,072
Albany Engineered Composites	652,702		713,955		693,799
Reconciling items:
Cash	302,036		241,316		195,540
Income taxes prepaid, receivable and deferred	28,334		44,697		57,783
Prepaid and Other assets	113,810		106,492		86,174
Consolidated total assets	$	1,556,064	$	1,549,936	$	1,474,368

Capital expenditures and purchased software
Machine Clothing	$	20,177	$	15,792	$	16,707
Albany Engineered Composites	31,012		23,718		48,753
Corporate	2,510		2,880		2,495
Consolidated total	$	53,699	$	42,390	$	67,955

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)	2021		2020		2019
Net sales
United States	$	497,231	$	503,473	$	574,063
Switzerland	128,698		128,328		146,571
France	68,929		55,914		91,783
China	67,098		57,007		48,586
Brazil	62,925		60,259		64,666
Mexico	37,547		39,859		73,039
Other countries	66,812		55,770		55,424
Consolidated total	$	929,240	$	900,610	$	1,054,132

Property, plant and equipment, at cost, net
United States	$	258,453	$	263,201	$	275,965
China	41,039		40,898		41,799
Mexico	40,699		41,738		45,640
France	33,802		41,107		43,986
Canada	14,139		9,672		9,509
Sweden	12,355		12,109		8,652
United Kingdom	10,156		10,731		11,047
Germany	9,652		10,808		10,577
Other countries	16,122		18,290		19,287
Consolidated total	$	436,417	$	448,554	$	466,462