Accounts Receivable

6 Months Ended

Jun. 30, 2014

Accounts Receivable [Abstract]

Accounts Receivable

10. Accounts Receivable

Accounts receivable includes trade receivables and revenue in excess of progress billings on long-term contracts in the Albany Engineered Composites business. The Company maintains allowances for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments. The Company determines the allowance based on historical write-off experience, customer-specific facts and economic conditions. If the financial condition of the Company's customers were to deteriorate, resulting in an impairment of their ability to make payments, additional allowances may be required.

The components of Accounts receivable are summarized below:

(in thousands)	June 30, 2014	December 31, 2013
Trade accounts receivable	$147,304	$154,296
Revenue in excess of progress billings	11,046	20,525
Less: allowance for doubtful accounts	(9,877)	(11,274)
Total Accounts Receivable	$148,473	$163,547