XML 51 R37.htm IDEA: XBRL DOCUMENT v3.19.1
Restructuring (Tables)
12 Months Ended
Dec. 31, 2018
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring Charges

The following table summarizes charges reported in the Consolidated Statements of Income under “Restructuring expenses, net”:

       

Year ended December 31, 2018

(in thousands)

Total
restructuring

costs incurred
Termination and
other costs
Impairment of
assets
 Machine Clothing    $12,278  $11,890  $388
 Albany Engineered Composites   3,048  1,286  1,762
 Corporate expenses   244   244   -   
 Total    $15,570  $13,420  $2,150

 

       

 Year ended December 31, 2017

(in thousands)

Total
restructuring
costs incurred
Termination and
other costs
Impairment of
assets
 Machine Clothing    $3,429  $2,945  $484
 Albany Engineered Composites    10,062 5,004 5,058
 Corporate expenses  -  -   -   
 Total    $13,491  $7,949  $5,542

 

 

 Year ended December 31, 2016

(in thousands)

Total
restructuring
costs incurred
   Termination and
other costs
  Impairment of
assets
 Machine Clothing    $6,181    $5,756    $425
 Albany Engineered Composites   2,314   1,502    812
 Corporate expenses   (7 )   (7 ) -   
 Total    $8,488    $7,251    $1,237

 

Schedule of Restructuring Liability

The table below presents the changes in restructuring liabilities for 2018 and 2017, all of which related to termination costs:

(in thousands)

December 31,

2017

Restructuring
charges accrued
Payments   Currency
translation/other
  December 31,
2018
               
Total termination and other costs $3,326 $13,420 $(10,696 ) $(480 ) $5,570

 

(in thousands) December 31,
2016
Restructuring
charges accrued
Payments   Currency
translation/other
December 31,
2017
             
Total termination and other costs $5,559 $7,949 $(10,351 ) $169 $3,326