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Reportable Segments and Revenue Recognition (Tables)
3 Months Ended
Mar. 31, 2022
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 March 31,
(in thousands)
20222021
Net sales
Machine Clothing
$154,062 $148,206 
Albany Engineered Composites90,107 74,156 
Consolidated total
$244,169 $222,362 
Operating income/(loss)
Machine Clothing
$49,644 $50,363 
Albany Engineered Composites1,195 2,938 
Corporate expenses
(12,085)(11,483)
Operating income$38,754 $41,818 
Reconciling items:
Interest income(652)(529)
Interest expense
4,261 4,098 
Other expense/(income), net(3,928)600 
Income before income taxes
$39,073 $37,649 
Schedule of Restructuring Costs by Reporting Segment
The table below presents restructuring costs by reportable segment:
Three months ended March 31,
(in thousands)20222021
Machine Clothing$243 $(69)
Albany Engineered Composites 89 
Corporate expenses11 32 
Total$254 $52 
Schedule of Disaggregation of Revenue For Each Product Group by Timing of Revenue Recognition
The following table disaggregates revenue for each product group by timing of revenue recognition:
Three months ended March 31, 2022
(in thousands)
Point in Time Revenue
Recognition
Over Time Revenue
Recognition
Total
Machine Clothing$153,163 $899 $154,062 
Albany Engineered Composites
ASC
 39,712 39,712 
Other AEC3,913 46,482 50,395 
Total Albany Engineered Composites
3,913 86,194 90,107 
                                         
Total revenue$157,076 $87,093 $244,169 
Three months ended March 31, 2021
(in thousands)
Point in Time Revenue
Recognition
Over Time Revenue
Recognition
Total
Machine Clothing$147,341 $865 $148,206 
Albany Engineered Composites
ASC
— 27,084 27,084 
Other AEC3,880 43,192 47,072 
Total Albany Engineered Composites
3,880 70,276 74,156 
Total revenue
$151,221 $71,141 $222,362 
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 March 31,
(in thousands)
20222021
Americas PMC$76,616 $73,302 
Eurasia PMC
55,486 55,143 
Engineered Fabrics21,960 19,761 
Total Machine Clothing Net sales
$154,062 $148,206