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Noncontrolling Interest (Tables)
6 Months Ended
Jun. 30, 2018
Noncontrolling Interest [Abstract]  
Schedule of Income Attributable to Noncontrolling Interest and Noncontrolling Equity

The table below presents a reconciliation of income attributable to the noncontrolling interest and noncontrolling equity in the Company’s subsidiary Albany Safran Composites, LLC, and the impact that the ASC 606 revenue standard had on Company results for the first six months of 2018, included in the consolidated financial statements:

 

     
  Six months ended
June 30,
(in thousands) 2018 2017
Net income of Albany Safran Composites (ASC)  $2,419  $3,029
Less: Return attributable to the Company's preferred holding            635         515
Net income of ASC available for common ownership  $1,784  $2,514
Ownership percentage of noncontrolling shareholder 10% 10%
Net income attributable to noncontrolling interest  $178  $251
     
Noncontrolling interest, beginning of year  $3,247  $3,767
Decrease attributable to application of ASC 606           (327)            -   
Net income attributable to noncontrolling interest            178         251
Changes in other comprehensive income attributable to noncontrolling interest                4           13
Noncontrolling interest  $3,102  $4,031