Pensions and Other Postretirement Benefit Plans (Tables)

6 Months Ended

Jun. 30, 2018

Retirement Benefits [Abstract]

Schedule of Net Periodic Benefit Plan Cost

The composition of the net periodic benefit plan cost for the six months ended June 30, 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	$1,391	$1,307	$116	$122
Interest cost	3,621	3,671	1,013	1,107
Expected return on assets	(4,470)	(4,003)		-
Curtailment gain	(518)	-	-	-
Amortization of prior service cost/(credit)	17	18	(2,244)	(2,244)
Amortization of net actuarial loss	1,110	1,295	1,478	1,405
Net periodic benefit cost	$1,151	$2,288	$363	$390

Schedule of Amounts Reclassified by Segment and Financial Statement

Effect by segment operating expenses:

(in thousands)	Increase/(decrease) in expense for the six months ended June 30, 2017
Machine Clothing	($9)
Albany Engineered Composites	-
Corporate expenses	(1,240)
Total operating expenses	($1,249)
Other expense, net	$1,249

Effect by Statement of Income line item:

(in thousands)	Increase/(decrease) in expense for the six months ended June 30, 2017
Cost of goods sold	($247)
Selling, general and administrative expenses	(1,002)
Total operating expenses	($1,249)
Other expense, net	$1,249