Restructuring (Tables)

9 Months Ended

Sep. 30, 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 September 30,			Nine months ended September 30,
(in thousands)	2017	2016		2017	2016
Machine Clothing	$96	($212	)	$1,012	$5,921
Albany Engineered Composites	5,407	640		9,208	1,787
Corporate Expenses	-	(102	)	-	(55	)
Total	$5,503	$326		$10,220	$7,653

Nine months ended September 30, 2017	Total restructuring costs incurred	Termination and other costs	Impairment of plant and equipment	Impairment of intangible asset
(in thousands)
Machine Clothing	$1,012	$1,012	$-	$-
Albany Engineered Composites	9,208	4,173	886	4,149
Corporate Expenses	-	-	-	-
Total	$10,220	$5,185	$886	$4,149

Nine months ended September 30, 2016	Total restructuring costs incurred		Termination and other costs		Impairment of plant and equipment	Benefit plan curtailment/ settlement
(in thousands)
Machine Clothing	$5,921		$5,751		$300	($130	)
Albany Engineered Composites	1,787		1,498		289	-
Corporate Expenses	(55	)	(55	)	-	-
Total	$7,653		$7,194		$589	($130	)

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:

	December 31,	Restructuring		Currency	September 30,
(in thousands)	2016	charges accrued	Payments	translation /other	2017
Total termination and other costs	$5,559	$5,185	($6,370)	$24	$4,398

	December 31,	Restructuring		Currency	September 30,
(in thousands)	2015	charges accrued	Payments	translation /other	2016
Total termination and other costs	$10,177	$7,194	($9,862)	$2	$7,511