5. Restructuring

During the second quarter of 2013, the Company commenced a program to restructure operations at the Company's Machine Clothing production facilities in France. The restructuring, when completed, will have reduced employment by approximately 200 positions at these locations. As of June 30, 2014, approximately 190 positions had been eliminated.

Under the terms of the restructuring plan, the Company provides training, outplacement and other benefits, the costs of which are recorded as restructuring when they are incurred. The Company recorded a curtailment gain of $0.2 million in the second quarter of 2014 and $0.7 million for the first six months of 2014 related to the elimination of pension accruals, which reduced net restructuring expense as reflected in the table below. Such curtailment gains are recorded as employees terminate employment and, accordingly, we expect to record additional gains during 2014. Remaining costs for this program are expected to be between $1 and $3 million, most of which we expect to be incurred in 2014.

Restructuring expenses in the Albany Engineered Composites operations were principally related to organizational changes and exiting certain aerospace programs.

The following table summarizes charges reported in the Statements of Income under "Restructuring and other, net":

	Three months ended June 30,		Six months ended June 30,
(in thousands)	2014	2013	2014	2013
Machine Clothing	$1,297	$24,230	$2,159	$24,423
Albany Engineered Composites	660	91	980	534
Total	$1,957	$24,321	$3,139	$24,957

Six months ended June 30, 2014 (in thousands)	Total restructuring costs incurred	Termination and other costs	Impairment of plant and equipment	Benefit plan curtailment/ settlement
Machine Clothing	$2,159	$2,869	$-	($710)
Albany Engineered Composites	980	320	660	-
Total	$3,139	$3,189	$660	($710)

Six months ended June 30, 2013 (in thousands)	Total restructuring costs incurred	Termination and other costs	Impairment of plant and equipment	Benefit plan curtailment/ settlement
Machine Clothing	$24,423	$24,587	$-	($164)
Albany Engineered Composites	534	446	88	-
Total	$24,957	$25,033	$88	($164)

We expect that substantially all Accrued liabilities for restructuring will be paid within one year. The table below presents year-to-date changes in restructuring liabilities for 2014 and 2013 all of which related to termination costs:

	December 31,	Restructuring		Currency	June 30,
(in thousands)	2013	charges accrued	Payments	translation/other	2014
Termination costs	$9,656	$3,189	($8,675)	($144)	$4,026
Total	$9,656	$3,189	($8,675)	($144)	$4,026

	December 31,	Restructuring		Currency	June 30,
(in thousands)	2012	charges accrued	Payments	translation/other	2013
Termination costs	$4,947	$24,869	($2,576)	($269)	$26,971
Total	$4,947	$24,869	($2,576)	($269)	$26,971