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Restructuring (Tables)
12 Months Ended
Dec. 31, 2024
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” and "Cost of goods sold":
Year ended December 31, 2024 (in thousands)Total restructuring costs incurredTermination and other costsImpairment of assets
Machine Clothing
$11,165 $8,298 $2,867 
Albany Engineered Composites
3,649 3,649  
Corporate
329 329  
Total restructuring expense
$15,143 $12,276 $2,867 
Year ended December 31, 2023 (in thousands)Total restructuring costs incurredTermination and other costsImpairment of assets
Machine Clothing
$282 $282 $— 
Albany Engineered Composites
— — — 
Corporate
— — — 
Total restructuring expense
$282 $282 $— 
Year ended December 31, 2022 (in thousands)Total restructuring costs incurredTermination and other costsImpairment of assets
Machine Clothing
$92 $92 $— 
Albany Engineered Composites
— — — 
Corporate
14 14 — 
Total restructuring expense
$106 $106 $— 
Schedule of Restructuring Liability
The table below presents the changes in restructuring liabilities for 2024 and 2023:
(in thousands)
December 31, 2023Restructuring charges accruedPaymentsCurrency translation/otherDecember 31, 2024
Total termination and other costs
$ $12,276 $(7,378)$98 $4,996 
As of December 31, 2024, we expect that the total $5.0 million of Accrued liabilities for restructuring will be paid within one year.
December 31,
2022
Restructuring charges accruedPaymentsCurrency translation/otherDecember 31, 2023
Total termination and other costs
$— $282 $(285)$$—