Restructuring

6 Months Ended

Jun. 30, 2017

Restructuring and Related Activities [Abstract]

Restructuring

5. Restructuring

Machine Clothing restructuring costs for the first six months of 2017 were principally related to additional costs for restructuring in France. Machine Clothing restructuring costs in 2016 were principally related to plant closure costs in Göppingen, Germany and the cessation of research and development activities at the production facility in Sélestat, France.

AEC incurred restructuring charges of $3.8 million in the first six months of 2017, principally related to a reduction in personnel in Salt Lake City, Utah. AEC restructuring expenses in 2016 were principally related to the consolidation of legacy programs into Boerne, Texas.

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)	2017	2016	2017	2016
Machine Clothing	$805	$5,434	$916	$6,132
Albany Engineered Composites	1,231	1,147	3,801	1,147
Corporate Expenses	-	67	-	48
Total	$2,036	$6,648	$4,717	$7,327

Six months ended June 30, 2017	Total restructuring costs incurred	Termination and other costs	Impairment of plant and equipment
(in thousands)
Machine Clothing	$916	$916	$-
Albany Engineered Composites	3,801	3,356	445
Corporate Expenses	-	-	-
Total	$4,717	$4,272	$445

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

We expect that approximately $5.0 million of Accrued liabilities for restructuring at June 30, 2017 will be paid within one year and approximately $0.4 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	June 30, 2017
Total termination and other costs	$5,559	$4,272	($4,513	)	$65	$5,383

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