Noncontrolling Interest

9 Months Ended

Sep. 30, 2015

Noncontrolling Interest [Abstract]

Noncontrolling Interest

2. Noncontrolling Interest

The table below presents a reconciliation of income attributable to the noncontrolling interest and noncontrolling equity:

	Nine months ended September 30,
(in thousands, except percentages)	2015			2014
Net income of Albany Safran Composites, LLC (ASC)	$	1,747		$	679
Return attributable to the Company's preferred holding		(748	)		(759	)
Net income/(loss) of ASC available for common ownership		999			(80	)
Ownership percentage of the noncontrolling shareholder		10	%		10	%
Net income/(loss) attributable to the noncontrolling interest	$	100		$	(8	)
Noncontrolling interest, beginning of year	$	3,699		$	3,482
Adjustment to net assets contributed by Albany		-			38
Net income/(loss) attributable to the noncontrolling interest		100			(8	)
Changes in other comprehensive income attributable to the noncontrolling interest		1			7
Noncontrolling interest, end of period	$	3,800		$	3,519