Reportable Segments

3 Months Ended

Mar. 31, 2017

Segment Reporting [Abstract]

Reportable Segments

3. Reportable Segments

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

	Three months ended March 31,
(in thousands)	2017		2016
Net sales
Machine Clothing	$142,827		$145,264
Albany Engineered Composites	56,450		27,067
Consolidated total	$199,277		$172,331
Operating income/(loss)
Machine Clothing	38,261		37,139
Albany Engineered Composites	(5,114	)	(3,706	)
Corporate expenses	(11,091	)	(11,164	)
Operating income	$22,056		$22,269
Reconciling items:
Interest income	(107	)	(126	)
Interest expense	4,435		2,364
Other expense/(income), net	204		(328	)
Income before income taxes	$17,524		$20,359

There were no material changes in the total assets of the reportable segments in the first quarter of 2017.

Total capital expenditures for the first quarter of 2017 were $21.5 million, including amounts that were included in Accounts payable. In the Consolidated Statements of Cash Flows, capital expenditures were $3.6 million higher as a result of payments in 2017 for capital expenditures that were recorded in 2016. For the first quarter of 2016, total capital expenditures were $10.9 million, including amounts that were included in Accounts payable. In the Consolidated Statements of Cash Flows, capital expenditures were $2.8 million lower as a result of a first-quarter increase in the amount of capital expenditures included in Accounts payable.

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

	Three months ended March 31,
(in thousands)	2017	2016
Restructuring expenses, net
Machine Clothing	$110	$698
Albany Engineered Composites	2,571	-
Corporate expenses	-	(19	)
Consolidated total	$2,681	$679