Reportable Segments and Geographic Data (Tables)

9 Months Ended

Sep. 30, 2017

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:

	Three months ended September 30,				Nine months ended September 30,
(in thousands)	2017		2016		2017		2016
Net sales
Machine Clothing	$150,694		$143,248		$440,093		$437,445
Albany Engineered Composites (AEC)	71,447		48,024		196,896		129,348
Consolidated total	$222,141		$191,272		$636,989		$566,793
Operating income/(loss)
Machine Clothing	42,674		40,039		119,352		112,583
Albany Engineered Composites	(9,301	)	(4,529	)	(32,242	)	(14,083	)
Corporate expenses	(11,070	)	(10,690	)	(33,523	)	(33,554	)
Operating income	$22,303		$24,820		$53,587		$64,946
Reconciling items:
Interest income	(355	)	(675	)	(801	)	(1,347	)
Interest expense	4,784		4,356		13,843		10,957
Other expense/(income), net	(1,155	)	242		980		(2,103	)
Income before income taxes	$19,029		$20,897		$39,565		$57,439

Schedule of Restructuring Costs by Reporting Segment

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

	Three months ended September 30,			Nine months ended September 30,
(in thousands)	2017	2016		2017	2016
Restructuring expenses, net
Machine Clothing	$96	($212	)	$1,012	$5,921
Albany Engineered Composites	5,407	640		9,208	1,787
Corporate expenses	-	(102	)	-	(55	)
Consolidated total	$5,503	$326		$10,220	$7,653