Reportable Segments (Tables)

6 Months Ended

Jun. 30, 2018

Segment Reporting [Abstract]

Schedule of Financial Data by Reporting Segment

The following tables show data by reportable segment, reconciled to consolidated totals, and the impact that ASC 606 had on the three and six month periods ended June 30, 2018:

	Three months ended June 30,		Three months ended June 30, 2018
(in thousands)	2018	2017	Increase/(decrease) attributable to application of ASC 606
Net sales
Machine Clothing	$162,635	$146,572	$857
Albany Engineered Composites	93,590	68,999	(1,257)
Consolidated total	$256,225	$215,571	($400)
Operating income/(loss)
Machine Clothing	$50,843	$38,425	$1,786
Albany Engineered Composites	4,092	(17,828)	123
Corporate expenses	(12,251)	(10,742)
Operating income	$42,684	$9,855	$1,909
Reconciling items:
Interest income	(438)	(340)	-
Interest expense	5,059	4,625	-
Other expense, net	726	2,558	-
Income before income taxes	$37,337	$3,012	$1,909

	Six months ended June 30,		Six months ended June 30, 2018
(in thousands)	2018	2017	Increase/(decrease) attributable to application of ASC 606
Net sales
Machine Clothing	$310,786	$289,399	$5,068
Albany Engineered Composites	175,420	125,449	2,966
Consolidated total	$486,206	$414,848	$8,034
Operating income/(loss)
Machine Clothing	$81,613	$76,688	$2,765
Albany Engineered Composites	6,366	(22,942)	992
Corporate expenses	(24,464)	(21,213)	-
Operating income	$63,515	$32,533	$3,757
Reconciling items:
Interest income	(820)	(447)	-
Interest expense	9,729	9,060	-
Other expense, net	2,178	3,384	-
Income before income taxes	$52,428	$20,536	$3,757

Schedule of Restructuring Costs by Reporting Segment

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

	Three months ended June 30,		Six months ended June 30,
(in thousands)	2018	2017	2018	2017
Machine Clothing	$1,800	$805	$10,152	$916
Albany Engineered Composites	558	1,231	779	3,801
Corporate expenses	231	-	231	-
Total	$2,589	$2,036	$11,162	$4,717