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Restructuring (Tables)
12 Months Ended
Dec. 31, 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”:

 

  Total
restructuring
costs incurred
  Termination and
other costs  
  Impairment of
assets
Benefit plan
curtailment/
settlement
 

Year ended December 31, 2017

 

(in thousands)

 Machine Clothing    $3,429    $2,945    $484  $-  
 Albany Engineered Composites   10,062   5,004   5,058 -  
 Corporate expenses -   -   - -  
 Total    $13,491    $7,949    $5,542  $-  

 

  Total
restructuring
costs incurred  
  Termination and
other costs
  Impairment of
assets
Benefit plan
curtailment/
settlement
 
Year ended December 31, 2016

 

(in thousands)

 Machine Clothing    $6,069    $5,756   $425  ($112 )
 Albany Engineered Composites   2,314   1,502   812 -  
 Corporate expenses (7 ) (7 ) - -  
 Total    $8,376    $7,251    $1,237 ($112 )

 

Year ended December 31, 2015 Total
restructuring
costs incurred  
 Termination and
other costs  
Impairment of
assets
 Benefit plan
curtailment/
settlement

 

(in thousands)

 Machine Clothing    $22,211  $18,906  $3,305  $-
 Albany Engineered Composites                         -                       -                     -                        -
 Corporate expenses                1,635                1,635                     -                        -
 Total    $23,846  $20,541  $3,305  $-
Schedule of Restructuring Liability

The table below presents the changes in restructuring liabilities for 2017 and 2016, all of which related to termination costs:

 

  December 31, Restructuring   Currency December 31,
(in thousands) 2016 charges accrued Payments translation/other 2017
           
Total termination and other costs $5,559 $7,949 ($10,351) $169 $3,326

 

  December 31, Restructuring   Currency December 31,
(in thousands) 2015 charges accrued Payments translation/other 2016
           
Total termination and other costs $10,177 $7,251 ($11,800) ($69) $5,559