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Restructuring (Tables)
6 Months Ended
Jun. 30, 2014
Restructuring [Abstract]  
Schedule of Restructuring Charges

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)
Schedule of Restructuring Liability

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