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Noncontrolling Interest
6 Months Ended
Jun. 30, 2023
Noncontrolling Interest [Abstract]  
Noncontrolling Interest Noncontrolling Interest
Effective October 31, 2013, Safran S.A. (Safran) acquired a 10 percent equity interest in a new Albany subsidiary, Albany Safran Composites, LLC ("ASC"). The table below presents a reconciliation of income attributable to the noncontrolling interest and noncontrolling equity in the Company’s subsidiary, Albany Safran Composites, LLC:
Six months ended June 30,
(in thousands, except percentages)20232022
Net income of Albany Safran Composites (ASC)$4,146 $5,690 
Less: Return attributable to the Company's preferred holding637 632 
Net income of ASC available for common ownership$3,509 $5,058 
Ownership percentage of noncontrolling shareholder10 %10 %
Net income attributable to the noncontrolling interest$351 $506 
Noncontrolling interest, beginning of year$4,494 $3,638 
Net income attributable to noncontrolling interest351 506 
Changes in other comprehensive income attributable to the noncontrolling interest417 (35)
Noncontrolling interest, end of interim period$5,262 $4,109