Restructuring

3 Months Ended

Mar. 31, 2016

Restructuring and Related Activities [Abstract]

Restructuring

5. Restructuring

During the first quarter of 2016 the Company announced the initiation of discussions with the employee Works Council regarding a proposal to discontinue R&D activities at its Machine Clothing production facility in Sélestat, France. The proposed measures would result in the elimination of 25 positions and the departure of 22 employees. The consultations are subject to applicable law, and until they are concluded the Company is unable to determine the restructuring costs associated with this proposal.

Machine Clothing restructuring costs in 2016 and 2015 were principally related to ongoing plant closure costs in Göppingen, Germany.

The following table summarizes charges reported in the Consolidated Statements of Income under “Restructuring expenses, net”:

	Three months ended March 31,
(in thousands)	2016		2015
Machine Clothing	$698		$9,001
Albany Engineered Composites	-		-
Corporate Expenses	(19	)	-
Total	$679		$9,001

Three months ended March 31,2016 (in thousands)	Total restructuring costs incurred		Termination and other costs
Machine Clothing	$698		$698
Albany Engineered Composites	-		-
Corporate Expenses	(19	)	(19	)
Total	$679		$679

Three months ended March 31, 2015 (in thousands)	Total restructuring costs incurred	Termination and other costs
Machine Clothing	$9,001	$9,001
Albany Engineered Composites	-	-
Corporate Expenses	-	-
Total	$9,001	$9,001

We expect that approximately $5.6 million of Accrued liabilities for restructuring at March 31, 2016 will be paid within one year and approximately $2.7 million will be paid in the following year. The table below presents the year-to-date changes in restructuring liabilities for 2016 and 2015, all of which related to termination costs:

(in thousands)	December 31, 2015	Restructuring charges accrued	Payments		Currency translation /other		March 31, 2016
Total termination costs	$10,177	$679	($2,573	)	$39		$8,322
(in thousands)	December 31, 2014	Restructuring charges accrued	Payments		Currency translation /other		March 31, 2015
Total termination costs	$1,874	$9,001	($2,122	)	($228	)	$8,525