Reportable Segments and Geographic Data (Tables)

12 Months Ended

Dec. 31, 2013

Reportable Segments and Geographic Data [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:

(in thousands)	2013		2012		2011
Net sales
Machine Clothing	$674,747		$693,176		$739,211
Engineered Composites	82,667		67,765		48,076
Consolidated total	$757,414		$760,941		$787,287
Depreciation and amortization
Machine Clothing	$45,237		$46,843		$48,181
Engineered Composites	7,640		5,920		4,959
Research expense	2,104		1,252		1,314
Unallocated expenses	8,808		9,052		9,358
Consolidated total	$63,789		$63,067		$63,812
Operating income/(loss)
Machine Clothing	$136,698		$163,873		$176,759
Engineered Composites	(2,974	)	(840	)	(4,204	)
Research expense	(30,220	)	(27,616	)	(29,007	)
Unallocated expenses	(51,413	)	(179,553	)	(68,940	)
Operating income/(loss) before reconciling items	52,091		(44,136	)	74,608
Reconciling items:
Interest income	(1,468	)	(1,517	)	(2,027	)
Interest expense	15,227		18,118		20,148
Other expense/ (income), net	7,256		7,629		2,639
Income/(loss) from continuing operations before income taxes	$31,076		($68,366	)	$53,848

Schedule of Restructuring Costs by Reporting Segment

The table below presents pension settlement and restructuring costs by reportable segment (also see Note 6):

(in thousands)	2013	2012		2011
Pension settlement
Unallocated expenses	$ -	$119,735		$ -
Restructuring expense
Machine Clothing	$24,568	$7,386		$5,680
Engineered Composites	540	-		57
Unallocated expenses	-	(325	)	3,580
Consolidated total	$25,108	$7,061		$9,317

Schedule of Operating Assets and Capital Expenditures by Reporting Segment

The following table presents assets and capital expenditures by reportable segment:

(in thousands)	2013	2012	2011
Segment assets
Machine Clothing	$624,388	$660,595	$713,142
Engineered Composites	147,104	109,717	80,916
Reconciling items:
Cash	222,666	190,718	118,909
Income taxes receivable and deferred	133,485	144,480	164,654
Other assets	39,245	51,187	34,670
Assets of discontinued operations	-	-	118,637
Consolidated total assets	$1,166,888	$1,156,697	$1,230,928
Capital expenditures and purchased software
Machine Clothing	$14,881	$14,717	$11,141
Engineered Composites	36,928	18,979	9,684
Research expenses	8,011	1,493	2,052
Unallocated expenses	4,637	2,018	4,551
Consolidated total	$64,457	$37,207	$27,428

Schedule of Financial Data by Geographic Area

The following table shows data by geographic area. Net sales are based on the location of the operation recording the final sale to the customer.

(in thousands)	2013	2012	2011
Net sales
United States	$338,729	$324,764	$306,371
Switzerland	190,035	203,478	245,562
Brazil	62,076	58,755	61,493
China	43,265	39,929	34,977
Canada	31,167	36,182	40,422
Other countries	92,142	97,833	98,462
Consolidated total	$757,414	$760,941	$787,287
Property, plant and equipment, at cost, net
United States	$162,380	$137,405	$133,651
China	103,109	114,037	126,072
Korea	35,542	38,266	34,102
United Kingdom	25,246	26,269	27,196
Canada	22,434	27,396	29,650
Sweden	19,508	23,397	26,210
Other countries	50,611	53,384	62,072
Consolidated total	$418,830	$420,154	$438,953