Reportable Segment Data

6 Months Ended

Jun. 30, 2012

Reportable Segment Data [Abstract]

Reportable Segment Data

3. Reportable Segment Data

The following table shows data by reportable segment, reconciled to consolidated totals included in the financial statements:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(in thousands)	2012		2011		2012		2011
Net Sales
Machine Clothing	$177,122		$179,177		$341,410		$367,659
Engineered Composites	14,818		10,504		30,607		21,976
Consolidated total	$191,940		$189,681		$372,017		$389,635
Operating income
Machine Clothing	$44,997		$37,709		$75,842		$87,980
Engineered Composites	(369	)	(1,144	)	(340	)	(2,187	)
Research expense	(7,253	)	(7,212	)	(13,318	)	(14,377	)
Unallocated expenses	(123,379	)	(16,873	)	(149,097	)	(33,862	)
Operating (loss)/income before reconciling items	(86,004	)	12,480		(86,913	)	37,554
Reconciling items:
Interest expense, net	3,969		4,786		8,613		9,562
Other (income)/expense, net	(2,555	)	7		1,993		4,820
(Loss)/income before income taxes	($87,418	)	$7,687		($97,519	)	$23,172

The table below presents pension settlement and restructuring costs by reportable segment for the three and six month periods ended June 30, 2012 and 2011:

	Three Months Ended		Six Months Ended
	June 30,		June 30,
(in thousands)	2012	2011	2012		2011
Pension settlement
Unallocated expenses	$110,560	$ -	$119,735		$ -
Restructuring expense
Machine Clothing	$ 2,903	$ 572	$ 3,576		$ 605
Engineered Composites	-	44	-		57
Unallocated expenses	249	1,115	(166	)	1,103
Consolidated total	$ 3,152	$1,731	$ 3,410		$1,765

The 2012 expense was principally related to a reduction in workforce in Sweden and the previously announced curtailment of manufacturing in New York and Wisconsin. Those costs were partially offset by a reduction in accruals related to the relocation of the Company's headquarters. The 2011 expense was principally due to the same integration and the substantial completion of the SAP conversion project.

There were no material changes in the total assets of reportable segments during this period.