Accounts Receivable

9 Months Ended

Sep. 30, 2014

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)	September 30, 2014			December 31, 2013
Trade and other accounts receivable	$	146,348		$	154,296
Revenue in excess of progress billings		9,799			20,525
Allowance for doubtful accounts		(8,664	)		(11,274	)
Total Accounts Receivable	$	147,483		$	163,547

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

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