Reportable Segments (Tables)

6 Months Ended

Jun. 30, 2013

Reportable Segments [Abstract]

Schedule of Financial Data by Reporting 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)	2013		2012		2013		2012
Net sales
Machine Clothing (MC)	$177,536		$177,122		$344,946		$341,410
Engineered Composites (AEC)	20,438		14,818		39,682		30,607
Consolidated total	$197,974		$191,940		$384,628		$372,017
Operating income/(loss)
Machine Clothing	$20,699		$44,997		$63,607		$75,842
Engineered Composites	(1,825	)	(369	)	(3,888	)	(340	)
Research expense	(7,673	)	(7,253	)	(14,664	)	(13,318	)
Unallocated expenses	(14,714	)	(123,379	)	(26,050	)	(149,097	)
Operating income/(loss) before reconciling items	(3,513	)	(86,004	)	19,005		(86,913	)
Reconciling items:
Interest income	(300	)	(522	)	(600	)	(606	)
Interest expense	3,847		4,491		8,172		9,219
Other expense/ (income), net	2,211		(2,555	)	2,945		1,993
Income/(loss) from continuing operations before income taxes	($9,271	)	($87,418	)	$8,488		($97,519	)

Schedule of Restructuring Costs by Reporting Segment

The table below presents pension settlement and restructuring costs by reportable segment (also see Note 5):

	Three months ended June 30,		Six months ended June 30,
(in thousands)	2013	2012	2013	2012
Pension settlement
Unallocated expenses	$0	$110,560	$0	$119,735
Restructuring expense
Machine Clothing	$24,230	$2,903	$24,423	$3,576
Engineered Composites	91	-	534	-
Unallocated expenses	-	249	-	(166	)
Consolidated total	$24,321	$3,152	$24,957	$3,410