Pensions and Other Postretirement Benefit Plans (Tables)

3 Months Ended

Mar. 31, 2018

Retirement Benefits [Abstract]

Schedule of Net Periodic Benefit Plan Cost

The composition of the net periodic benefit plan cost for the three months ended March 31, 2018 and 2017, was as follows:

	Pension plans				Other postretirement benefits
(in thousands)	2018		2017		2018		2017
Components of net periodic benefit cost:
Service cost	$699		$651		$58		$61
Interest cost	1,820		1,828		507		553
Expected return on assets	(2,247	)	(1,993	)	-		-
Amortization of prior service cost/(credit)	8		9		(1,122	)	(1,122	)
Amortization of net actuarial loss	558		645		739		702
Net periodic benefit cost	$838		$1,140		$182		$194

Schedule of Amounts Reclassified by Segment and Financial Statement

Effect by segment operating expenses:

(in thousands)	Increase/(decrease) in expense for the three months ended March 31, 2017
Machine Clothing	($2	)
Albany Engineered Composites	-
Corporate expenses	(620	)
Total operating expenses	($622	)
Other expense, net	$622

Effect by Statement of Income line item:

(in thousands)	Increase/(decrease) in expense for the three months ended March 31, 2017
Cost of goods sold	($123	)
Selling, general and administrative expenses	(499	)
Total operating expenses	($622	)
Other expense, net	$622