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Restructuring (Tables)
6 Months Ended
Jun. 30, 2016
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring Charges

 

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

 

    Three months ended
June 30,
 

Six months ended

June 30,

(in thousands)   2016   2015   2016   2015
Machine Clothing   $5,434     $1,211     $6,132     $10,212  
Albany Engineered Composites   1,147     -     1,147     -  
Corporate Expenses   67     -     48     -  
 Total   $6,648     $1,211     $7,327     $10,212  

 

Six months ended June 30,2016   Total restructuring costs incurred     Termination and other costs    Impairment of plant and equipment
(in thousands)            
Machine Clothing   $6,132     $5,832     $300  
Albany Engineered Composites   1,147     921     226  
Corporate Expenses   48     48     -  
Total   $7,327     $6,801     $526  

 

Six months ended June 30, 2015   Total restructuring costs incurred     Termination and other costs    Impairment of plant and equipment
(in thousands)            
Machine Clothing   $10,212     $10,212     $-  
Albany Engineered Composites   -     -     -  
Corporate Expenses   -     -     -  
Total   $10,212     $10,212     $-  

 

Schedule of Restructuring Liability

The table below presents the year-to-date changes in restructuring liabilities for 2016 and 2015, all of which related to termination costs:

  December 31, Restructuring   Currency June 30,
(in thousands) 2015 charges accrued Payments translation /other 2016
           
Total termination costs $10,177 $6,801 ($6,835) $13  $10,156

 

 

 

  December 31, Restructuring   Currency June 30,
(in thousands) 2014 charges accrued Payments translation /other 2015
           
Total termination costs $1,874 $10,212 ($9,229) ($192) $2,665