Quarterly Financial Data (Tables)

12 Months Ended

Dec. 31, 2018

Quarterly Financial Data [Abstract]

Schedule of Quarterly Data

In the fourth quarter of 2018, the Company discovered that ASC 606, Revenue from contracts with customers, implementation issues in its MC business segment had resulted in immaterial errors in certain reported segment and consolidated Company financial statement line items – including Net sales and Net income - for each of the first three quarters of 2018. Included below are tables reflecting the revised amounts for each of the first three quarters of 2018, and a table showing amounts originally reported for those periods and the effects of the revision.

(in millions, except per share amounts)
2018	1st	2nd	3rd	4th	Total
Net sales
Machine Clothing	$141.8	$161.8	$157.6	$150.7	$611.9
Albany Engineered Composites	81.8	93.6	94.3	100.9	370.6
Total	$223.6	$255.4	$251.9	$251.6	$982.5
Gross profit
Machine Clothing	$66.3	$79.1	$78.7	$73.3	$297.4
Albany Engineered Composites	11.5	12.6	13.7	14.7	52.5
Corporate expenses	(0.1)	0.0	0.0	(0.1)	(0.2)
Total	$77.7	$91.7	$92.4	$87.9	$349.7
Operating income
Machine Clothing	$26.9	$50.3	$49.7	$42.9	$169.8
Albany Engineered Composites	2.3	4.1	3.6	6.6	16.6
Corporate expenses	(12.2)	(12.2)	(12.5)	(12.1)	(49.0)
Total	$17.0	$42.2	$40.8	$37.4	$137.4
Net income attributable to the Company	$7.7	$29.9	$27.7	$17.6	$82.9
Basic earnings per share	0.24	0.93	0.86	0.54	2.57
Diluted earnings per share	0.24	0.93	0.86	0.54	2.57
Cash dividends per share	0.17	0.17	0.17	0.18	0.69
Class A Common Stock prices:
High	67.30	65.45	81.40	78.31
Low	60.05	58.35	60.70	58.41

2017	1st	2nd	3rd	4th	Total
Net sales	$199.3	$215.6	$222.1	$226.7	$863.7
Gross profit	76.0	63.2	79.6	77.5	296.3
Net income attributable to the Company	10.8	1.1	15.3	5.9	33.1
Basic earnings per share	0.34	0.03	0.47	0.19	1.03
Diluted earnings per share	0.34	0.03	0.47	0.19	1.03
Cash dividends per share	0.17	0.17	0.17	0.17	0.68
Class A Common Stock prices:
High	49.05	53.40	57.60	65.25
Low	43.90	43.90	50.25	56.45
2016	1st	2nd	3rd	4th	Total
Net sales	$172.3	$203.2	$191.3	$213.0	$779.8
Gross profit	72.7	78.5	72.6	77.5	301.3
Net income attributable to the Company	13.5	10.4	13.1	15.7	52.7
Basic earnings per share	0.42	0.32	0.41	0.49	1.64
Diluted earnings per share	0.42	0.32	0.41	0.49	1.64
Cash dividends per share	0.17	0.17	0.17	0.17	0.68
Class A Common Stock prices:
High	38.21	41.31	43.78	49.25
Low	31.43	37.27	38.92	38.65

		1st quarter 2018			2nd quarter 2018
(in millions, except per share amounts)		As previously reported	Increase / (decrease)	As revised	As previously reported	Increase / (decrease)	As revised
Machine Clothing segment
	Net sales	$148.2	$(6.4)	$141.8	$162.6	$(0.8)	$161.8
	Gross profit	70.2	(3.9)	66.3	79.6	(0.5)	79.1
	Operating income	30.8	(3.9)	26.9	50.8	(0.5)	50.3
Total Company
	Net income attributable to the Company	10.2	(2.5)	7.7	30.4	(0.5)	29.9
	Basic earnings per share	0.32	(0.08)	0.24	0.94	(0.01)	0.93
	Diluted earnings per share	0.32	(0.08)	0.24	0.94	0.01)	0.93
		3rd quarter 2018			First 3 quarters of 2018
(in millions, except per share amounts)		As previously reported	Increase / (decrease)	As revised	As previously reported	Increase / (decrease)	As revised
Machine Clothing segment
	Net sales	$159.0	$(1.4)	$157.6	$469.8	$(8.6)	$461.2
	Gross profit	79.4	(0.7)	78.7	229.2	(5.1)	224.1
	Operating income	50.3	(0.6)	49.7	131.9	(5.0)	126.9
Total Company
	Net income attributable to the Company	28.2	(0.5)	27.7	68.8	(3.5)	65.3
	Basic earnings per share	0.87	(0.01)	0.86	2.13	(0.11)	2.02
	Diluted earnings per share	0.87	(0.01)	0.86	2.13	(0.11)	2.02