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Restructuring (Tables)
3 Months Ended
Mar. 31, 2017
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
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   $- 
Schedule of Restructuring Liability

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