Reportable Segments and Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2022

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)	2022		2021		2022		2021
Net sales
Machine Clothing	$	151,670	$	159,921	$	305,732	$	308,127
Albany Engineered Composites	109,699		74,598		199,806		148,753
Consolidated total	$	261,369	$	234,519	$	505,538	$	456,880
Operating income/(loss)
Machine Clothing	$	54,861	$	55,902	$	104,505	$	106,264
Albany Engineered Composites	9,535		7,164		10,730		10,102
Corporate expenses	(13,681)		(13,100)		(25,766)		(24,581)
Operating income	$	50,715	$	49,966	$	89,469	$	91,785
Reconciling items:
Interest income	(846)		(401)		(1,498)		(930)
Interest expense	4,779		4,619		9,040		8,717
Other (income)/expense, net	(7,045)		862		(10,973)		1,462
Income before income taxes	$	53,827	$	44,886	$	92,900	$	82,536

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 June 30, 2022
(in thousands)	Point in Time Revenue Recognition		Over Time Revenue Recognition		Total
Machine Clothing	$	150,770	$	900	$	151,670

Albany Engineered Composites
ASC	—		41,661		41,661
Other AEC	5,018		63,020		68,038
Total Albany Engineered Composites	5,018		104,681		109,699

Total revenue	$	155,788	$	105,581	$	261,369


	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 AEC	4,432		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, 2022
(in thousands)	Point in Time Revenue Recognition		Over Time Revenue Recognition		Total
Machine Clothing	$	303,933	$	1,799	$	305,732

Albany Engineered Composites
ASC	—		81,373		81,373
Other AEC	8,931		109,502		118,433
Total Albany Engineered Composites	8,931		190,875		199,806

Total revenue	$	312,864	$	192,674	$	505,538


	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 AEC	8,312		87,187		95,499
Total Albany Engineered Composites	8,312		140,441		148,753

Total revenue	$	314,709	$	142,171	$	456,880

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)	2022		2021		2022		2021
Americas PMC	$	79,062	$	82,343	$	155,678	$	155,645
Eurasia PMC	52,368		55,900		107,854		111,043
Engineered Fabrics	20,240		21,678		42,200		41,439
Total Machine Clothing Net sales	$	151,670	$	159,921	$	305,732	$	308,127