XML 50 R37.htm IDEA: XBRL DOCUMENT v3.22.0.1
Restructuring (Tables)
12 Months Ended
Dec. 31, 2021
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring Charges
The following table summarizes charges reported in the Consolidated Statements of Income under “Restructuring expenses, net”:
Year ended December 31, 2021 (In thousands)
Total restructuring costs incurred
Termination and other costs
Impairment of assets
Machine Clothing
$1,202 $1,202 $— 
Albany Engineered Composites
32 32 — 
Corporate expenses
97 97 — 
Total
$1,331 $1,331 $— 
Year ended December 31, 2020 (In thousands)
Total restructuring costs incurred
Termination and other costs
Impairment of assets
Machine Clothing
$2,746 $2,746 $— 
Albany Engineered Composites
2,821 2,821 — 
Corporate expenses
169 169 — 
Total
$5,736 $5,736 $— 
Year ended December 31, 2019 (In thousands)
Total restructuring costs incurred
Termination and other costs
Impairment of assets
Machine Clothing
$1,129 $667 $462 
Albany Engineered Composites
1,833 659 1,174 
Corporate expenses
(57)(57)— 
Total
$2,905 $1,269 $1,636 
Schedule of Restructuring Liability
The table below presents the changes in restructuring liabilities for 2021 and 2020, all of which related to termination costs:
(in thousands)
December 31, 2020
Restructuring charges accrued
Payments
Currency translation/other
December 31, 2021
Total termination and other costs
$2,195 $1,331 $(2,469)$(12)$1,045 
(in thousands)
December 31,
2019
Restructuring charges accrued
Payments
Currency translation/other
December 31, 2020
Total termination and other costs
$2,042 $5,736 $(5,668)$85 $2,195