Reportable Segments and Geographic Data (Tables)

12 Months Ended

Dec. 31, 2018

Segment Reporting [Abstract]

Schedule of Financial Data by Reporting Segment

The following tables show data by reportable segment, reconciled to consolidated totals included in the financial statements:

(in thousands)	2018		2017		2016		Year ended December 31, 2018 Increase/(decrease) attributable to application of ASC 606
Net Sales
Machine Clothing	$611,858		$590,357		$582,190		$(3,970	)
Albany Engineered Composites	370,621		273,360		197,649		(3,150	)
Consolidated total	$982,479		$863,717		$779,839		$(7,120	)
Depreciation and amortization
Machine Clothing	30,813		33,527		36,428		—
Albany Engineered Composites	43,205		33,533		24,211		—
Corporate expenses	5,018		4,896		6,822		—
Consolidated total	$79,036		$71,956		$67,461		$—
Operating income/(loss)
Machine Clothing	169,836		153,980		152,505		(1,605	)
Albany Engineered Composites	16,647		(31,657	)	(15,363	)	4,930
Corporate expenses	(49,075	)	(43,647	)	(43,010	)	—
Operating income	$137,408		$78,676		$94,132		$3,325
Reconciling items:
Interest income	(2,118	)	(1,511	)	(2,077	)	—
Interest expense	20,242		18,602		15,541		—
Other expense, net	4,037		6,877		2,402		—
Income before income taxes	$115,247		$54,708		$78,266		$3,325

Schedule of Restructuring Costs by Reporting Segment

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

(in thousands)	2018	2017	2016
Restructuring expenses, net
Machine Clothing	$12,278	$3,429	$6,181
Albany Engineered Composites	3,048	10,062	2,314
Corporate expenses	244	-	(7	)
Consolidated total	$15,570	$13,491	$8,488

Schedule of Operating Assets and Capital Expenditures by Reporting Segment

The following table presents assets and capital expenditures by reportable segment:

(in thousands)	2018	2017	2016
Segment assets
Machine Clothing	$453,836	$464,468	$454,010
Albany Engineered Composites	633,394	584,076	514,527
Reconciling items:
Cash	197,755	183,727	181,742
Income taxes prepaid, receivable and deferred	70,095	74,914	74,078
Other assets	62,912	54,013	39,076
Consolidated total assets	$1,417,992	$1,361,198	$1,263,433
Capital expenditures and purchased software
Machine Clothing	$20,230	$20,522	$15,651
Albany Engineered Composites	60,121	63,865	54,678
Corporate expenses	2,535	3,250	3,163
Consolidated total	$82,886	$87,637	$73,492

Schedule of Financial Data by Geographic Area

The following table shows data by geographic area. Net sales are based on the location of the operation recording the final sale to the customer. Net sales recorded by our entity in Switzerland are derived from products sold throughout Europe and Asia, and are invoiced in various currencies.

(in thousands)	2018	2017	2016
Net sales
United States	$519,349	$459,525	$396,238
Switzerland	157,339	147,601	145,479
France	85,386	57,195	42,862
Brazil	62,093	60,535	60,287
China	50,923	48,920	48,043
Mexico	48,534	31,902	27,526
Other countries	58,855	58,039	59,404
Consolidated total	$982,479	$863,717	$779,839
Property, plant and equipment, at cost, net
United States	$272,584	$252,639	$245,626
China	48,686	61,840	65,987
France	50,245	58,196	42,272
Mexico	40,343	22,981	7,781
Korea	12,396	14,558	15,585
United Kingdom	12,042	14,256	14,591
Canada	8,154	10,230	11,455
Other countries	17,605	19,602	19,267
Consolidated total	$462,055	$454,302	$422,564