Reportable Segments (Tables)

9 Months Ended

Sep. 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 nine-month periods ended September 30, 2018:

	Three months ended September 30,		Three months ended September 30, 2018
(in thousands)	2018	2017	Increase/(decrease) attributable to application of ASC 606
Net sales
Machine Clothing	$158,971	$150,694	$3,336
Albany Engineered Composites	94,282	71,447	(5,028)
Consolidated total	$253,253	$222,141	($1,692)
Operating income/(loss)
Machine Clothing	$50,310	$42,679	$2,158
Albany Engineered Composites	3,612	(9,301)	(960)
Corporate expenses	(12,477)	(10,450)	-
Operating income	$41,445	$22,928	$1,198
Reconciling items:
Interest income	(579)	(355)	-
Interest expense	5,200	4,784	-
Other (income)/expense, net	(3,151)	(530)	-
Income before income taxes	$39,975	$19,029	$1,198

	Nine months ended September 30,		Nine months ended September 30, 2018
(in thousands)	2018	2017	Increase/(decrease) attributable to application of ASC 606
Net sales
Machine Clothing	$469,758	$440,093	$8,404
Albany Engineered Composites	269,701	196,896	(2,062)
Consolidated total	$739,459	$636,989	$6,342
Operating income/(loss)
Machine Clothing	$131,921	$119,366	$4,923
Albany Engineered Composites	9,979	(32,242)	32
Corporate expenses	(36,940)	(31,663)	-
Operating income	$104,960	$55,461	$4,955
Reconciling items:
Interest income	(1,399)	(801)	-
Interest expense	14,929	13,843	-
Other (income)/expense, net	(973)	2,854	-
Income before income taxes	$92,403	$39,565	$4,955

Schedule of Restructuring Costs by Reporting Segment

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

	Three months ended September 30,		Nine months ended September 30,
(in thousands)	2018	2017	2018	2017
Machine Clothing	$371	$96	$10,523	$1,012
Albany Engineered Composites	2,189	5,407	2,968	9,208
Corporate expenses	(8)	-	223	-
Total	$2,552	$5,503	$13,714	$10,220