Reportable Segments (Tables)

6 Months Ended

Jun. 30, 2014

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)	2014	2013	2014	2013
Net sales
Machine Clothing	$172,809	$177,536	$336,897	$344,946
Albany Engineered Composites	20,709	20,438	36,928	39,682
Consolidated total	$193,518	$197,974	$373,825	$384,628
Operating income/(loss)
Machine Clothing	$33,879	$14,821	$70,022	$52,377
Albany Engineered Composites	(3,545)	(4,678)	(7,021)	(9,081)
Corporate expenses	(11,357)	(13,656)	(23,423)	(24,291)
Operating income/(loss) before reconciling items	18,977	(3,513)	39,578	19,005
Reconciling items:
Interest income	(356)	(300)	(552)	(600)
Interest expense	3,073	3,847	6,187	8,172
Other expense/ (income), net	(2,133)	2,211	(2,600)	2,945
Income/(loss) before income taxes	$18,393	($9,271)	$36,543	$8,488

Schedule of Restructuring Costs by Reporting Segment

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

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

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details