Pensions and Other Postretirement Benefit Plans (Tables)

9 Months Ended

Sep. 30, 2018

Retirement Benefits [Abstract]

Schedule of Net Periodic Benefit Plan Cost

The composition of the net periodic benefit plan cost for the nine months ended September 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	$2,085	$1,960	$174	$183
Interest cost	5,430	5,507	1,520	1,660
Expected return on assets	(6,702)	(6,004)	-	-
Curtailment gain	(750)	-	-	-
Amortization of prior service cost/(credit)	25	27	(3,366)	(3,366)
Amortization of net actuarial loss	1,665	1,943	2,217	2,107
Net periodic benefit cost	$1,753	$3,433	$545	$584

Schedule of Amounts Reclassified by Segment and Financial Statement

Effect by segment operating expenses:

(in thousands)	Increase/(decrease) in expense for the nine months ended September 30, 2017
Machine Clothing	($14)
Albany Engineered Composites	-
Corporate expenses	(1,860)
Total operating expenses	($1,874)
Other expense, net	$1,874

Effect by Statement of Income line item:

(in thousands)	Increase/(decrease) in expense for the nine months ended September 30, 2017
Cost of goods sold	($371)
Selling, general and administrative expenses	(1,503)
Total operating expenses	($1,874)
Other expense, net	$1,874