Reportable Segments (Tables)

9 Months Ended

Sep. 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 September 30,		Nine months ended September 30,
(in thousands)	2013	2012	2013	2012
Net sales
Machine Clothing (MC)	$162,864	$177,471	$507,809	$518,881
Engineered Composites (AEC)	20,283	17,118	59,966	47,725
Consolidated total	$183,147	$194,589	$567,775	$566,606
Operating income/(loss)
Machine Clothing	$33,196	$44,918	$96,803	$120,760
Engineered Composites	(572)	(312)	(4,460)	(653)
Research expense	(7,418)	(6,734)	(22,082)	(20,052)
Unallocated expenses	(11,951)	(14,760)	(38,001)	(163,856)
Operating income/(loss) before reconciling items	13,255	23,112	32,260	(63,801)
Reconciling items:
Interest income	(351)	(395)	(951)	(1,000)
Interest expense	3,835	4,392	12,007	13,610
Other expense/ (income), net	2,692	3,069	5,637	5,062
Income/(loss) from continuing operations before income taxes	$7,079	$16,046	$15,567	($81,473)

Schedule of Restructuring Costs by Reporting Segment

The table below presents charges related to a 2012 initiative to settle pension liabilities and restructuring costs by reportable segment (also see Note 5):

	Three months ended September 30,				Nine months ended September 30,
(in thousands)	2013		2012		2013		2012
Pension settlement
Unallocated expenses	$	-	$	-	$	-	$	119,735
Restructuring expense
Machine Clothing	$2,250		$2,739		$26,673		$6,315
Engineered Composites	6		-		540		-
Unallocated expenses	-		-		-		(166)
Consolidated total	$2,256		$2,739		$27,213		$6,149