Restructuring

3 Months Ended

Mar. 31, 2017

Restructuring and Related Activities [Abstract]

Restructuring

5. Restructuring

Albany Engineered Composites restructuring charges for the first three months of 2017 included $2.6 million principally related to a reduction in personnel in Salt Lake City, Utah.

Machine Clothing restructuring costs in 2016 were principally related to 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)	2017	2016
Machine Clothing	$110	$698
Albany Engineered Composites	2,571	-
Corporate Expenses	-	(19	)
Total	$2,681	$679

Three months ended March 31, 2017 (in thousands)	Total restructuring costs incurred	Termination and other costs	Impairment of plant and equipment
Machine Clothing	$110	$110	$-
Albany Engineered Composites	2,571	2,456	115
Corporate Expenses	-	-	-
Total	$2,681	$2,566	$115

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

We expect that approximately $5.1 million of Accrued liabilities for restructuring at March 31, 2017 will be paid within one year and approximately $0.9 million will be paid in the following year. The table below presents the year-to-date changes in restructuring liabilities for 2017 and 2016, all of which related to termination costs:

(in thousands)	December 31, 2016	Restructuring charges accrued	Payments		Currency translation/other	March 31, 2017
Total termination and other costs	$5,559	$2,566	($2,126	)	$17	$6,016

(in thousands)	December 31, 2015	Restructuring charges accrued	Payments		Currency translation/other	March 31, 2016
Total termination and other costs	$10,177	$679	($2,573	)	$39	$8,322