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Reportable Segments and Revenue Recognition (Tables)
3 Months Ended
Mar. 31, 2023
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)
20232022
Net sales
Machine Clothing
$153,222 $154,062 
Albany Engineered Composites115,874 90,107 
Consolidated total
$269,096 $244,169 
Operating income/(loss)
Machine Clothing
$48,964 $49,644 
Albany Engineered Composites9,418 1,195 
Corporate expenses
(17,840)(12,085)
Operating income$40,542 $38,754 
Reconciling items:
Interest income(1,102)(652)
Interest expense
4,392 4,261 
Other (income)/expense, net(455)(3,928)
Income before income taxes$37,707 $39,073 
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, 2023
(in thousands)
Point in Time Revenue
Recognition
Over Time Revenue
Recognition
Total
Machine Clothing$152,278 $944 $153,222 
Albany Engineered Composites
ASC
 44,532 44,532 
Other AEC5,793 65,549 71,342 
Total Albany Engineered Composites
5,793 110,081 115,874 
                                         
Total revenue$158,071 $111,025 $269,096 

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 
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)
20232022
Americas PMC$83,378 $76,616 
Eurasia PMC
51,737 55,486 
Engineered Fabrics18,107 21,960 
Total Machine Clothing Net sales
$153,222 $154,062