Reportable Segments and Geographic Data (Tables)

12 Months Ended

Dec. 31, 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:

(in thousands)	2017		2016		2015
Net Sales
Machine Clothing	$590,357		$582,190		$608,581
Albany Engineered Composites	273,360		197,649		101,287
Consolidated total	$863,717		$779,839		$709,868
Depreciation and amortization
Machine Clothing	33,527		36,428		39,503
Albany Engineered Composites	33,533		24,211		12,140
Corporate expenses	4,896		6,822		8,471
Consolidated total	$71,956		$67,461		$60,114
Operating income/(loss)
Machine Clothing	153,936		152,529		141,311
Albany Engineered Composites	(31,657	)	(15,363	)	(28,478	)
Corporate expenses	(46,128	)	(45,390	)	(48,938	)
Operating income	$76,151		$91,776		$63,895
Reconciling items:
Interest income	(1,511	)	(2,077	)	(1,857	)
Interest expense	18,602		15,541		11,841
Other expense, net	4,352		46		2,433
Income before income taxes	$54,708		$78,266		$51,478

Schedule of Restructuring Costs by Reporting Segment

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

(in thousands)	2017	2016		2015
Restructuring expenses, net
Machine Clothing	$3,429	$6,069		$22,211
Albany Engineered Composites	10,062	2,314		-
Corporate expenses	-	(7	)	1,635
Consolidated total	$13,491	$8,376		$23,846

Schedule of Operating Assets and Capital Expenditures by Reporting Segment

The following table presents assets and capital expenditures by reportable segment:

(in thousands)	2017	2016	2015
Segment assets
Machine Clothing	$464,468	$454,010	$494,347
Albany Engineered Composites	584,076	514,527	181,825
Reconciling items:
Cash	183,727	181,742	185,113
Asset held for sale	-	-	4,988
Income taxes prepaid, receivable and deferred	74,914	74,078	111,872
Other assets	54,013	39,076	31,417
Consolidated total assets	$1,361,198	$1,263,433	$1,009,562
Capital expenditures and purchased software
Machine Clothing	$20,522	$15,651	$16,010
Albany Engineered Composites	63,865	54,678	30,378
Corporate expenses	3,250	3,163	4,207
Consolidated total	$87,637	$73,492	$50,595

Schedule of Financial Data by Geographic Area

The following table shows data by geographic area. Net sales are based on the location of the operation recording the final sale to the customer. Net sales recorded by our entity in Switzerland are derived from products sold throughout Europe and Asia, and are invoiced in various currencies.

(in thousands)	2017	2016	2015
Net sales
United States	$459,525	$396,238	$323,399
Switzerland	147,601	145,479	159,804
Brazil	60,535	60,287	58,846
China	48,920	48,043	48,490
France	57,195	42,862	26,081
Mexico	31,902	27,526	30,581
Other countries	58,039	59,404	62,667
Consolidated total	$863,717	$779,839	$709,868
Property, plant and equipment, at cost, net
United States	$252,639	$245,626	$172,372
China	61,840	65,987	80,786
France	58,196	42,272	28,539
Mexico	22,981	7,781	5,264
Korea	14,558	15,585	19,095
United Kingdom	14,256	14,591	19,029
Canada	10,230	11,455	12,861
Other countries	19,602	$19,267	19,524
Consolidated total	$454,302	$422,564	$357,470