Reportable Segments and Geographic Data (Tables)

12 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

Schedule of Financial Data by Reporting Segment

The following tables show data by reportable segment, reconciled to consolidated totals included in the financial statements:

(in thousands)	2016		2015		2014
Net Sales
Machine Clothing	$582,190		$608,581		$655,026
Albany Engineered Composites	197,649		101,287		90,319
Consolidated total	$779,839		$709,868		$745,345
Depreciation and amortization
Machine Clothing	36,428		39,503		45,066
Albany Engineered Composites	24,211		12,140		10,880
Corporate expenses	6,822		8,471		8,346
Consolidated total	$67,461		$60,114		$64,292
Operating income/(loss)
Machine Clothing	$152,529		$141,311		$136,450
Albany Engineered Composites	(15,363	)	(28,478	)	(10,483	)
Corporate expenses	(45,390	)	(48,938	)	(54,607	)
Operating income	91,776		63,895		71,360
Reconciling items:
Interest income	(2,077	)	(1,857	)	(1,541	)
Interest expense	15,541		11,841		12,254
Other expense/(income),net	46		2,433		(6,853	)
Income before income taxes	$78,266		$51,478		$67,500

Schedule of Restructuring Costs by Reporting Segment

The table below presents pension settlement and restructuring costs by reportable segment (also see Note 5):

(in thousands)	2016		2015	2014
Pension settlement expense
Corporate expenses	$  -		$  -	$8,190
Restructuring expenses, net
Machine Clothing	$6,069		$22,211	$4,828
Albany Engineered Composites	2,314		-	931
Corporate expenses	(7	)	1,635	-
Consolidated total	$8,376		$23,846	$5,759

Schedule of Operating Assets and Capital Expenditures by Reporting Segment

The following table presents assets and capital expenditures by reportable segment:

(in thousands)	2016	2015	2014
Segment assets
Machine Clothing	$454,010	$494,347	$565,853
Albany Engineered Composites	514,527	181,825	175,338
Reconciling items:
Cash	181,742	185,113	179,802
Asset held for sale	-	4,988	-
Income taxes prepaid, receivable and deferred	74,078	111,872	76,283
Other assets	39,076	31,417	32,028
Consolidated total assets	$1,263,433	$1,009,562	$1,029,304
Capital expenditures and purchased software
Machine Clothing	$16,158	$16,010	$23,202
Albany Engineered Composites	59,195	30,378	32,141
Corporate expenses	3,163	4,207	3,530
Consolidated total	$78,516	$50,595	$58,873

Schedule of Financial Data by Geographic Area

The following table shows data by geographic area. Net sales are based on the location of the operation recording the final sale to the customer. Net sales recorded by our entity in Switzerland are derived from products sold throughout Europe and Asia, and are invoiced in various currencies.

(in thousands)	2016	2015	2014
Net sales
United States	$396,238	$323,399	$324,750
Switzerland	145,479	159,804	184,022
Brazil	60,287	58,846	59,332
China	48,043	48,490	52,822
France	42,862	26,081	26,654
Mexico	27,526	30,581	27,431
Other countries	59,404	62,667	70,334
Consolidated total	$779,839	$709,868	$745,345
Property, plant and equipment, at cost, net
United States	$245,626	$172,372	$168,848
China	65,987	80,786	93,182
France	42,272	28,539	25,091
Korea	15,585	19,095	23,473
United Kingdom	14,591	19,029	22,222
Canada	11,455	12,861	18,236
Other countries	27,048	24,788	44,061
Consolidated total	$422,564	$357,470	$395,113