Noncontrolling Interest (Tables)

6 Months Ended

Jun. 30, 2019

Noncontrolling Interest [Abstract]

Schedule of Income Attributable to Noncontrolling Interest and Noncontrolling Equity

The table below presents a reconciliation of income attributable to the noncontrolling interest and noncontrolling equity in the Company’s subsidiary Albany Safran Composites, LLC:

	Six months ended June 30,
(in thousands)	2019	2018
Net income of Albany Safran Composites (ASC)	$4,884	$2,419
Less: Return attributable to the Company's preferred holding	652	635
Net income of ASC available for common ownership	$4,232	$1,784
Ownership percentage of noncontrolling shareholder	10%	10%
Net income attributable to noncontrolling interest	$423	$178
Noncontrolling interest, beginning of year	$3,031	$3,247
Decrease attributable to 2018 adoption of ASC 606	—	(327)
Net income attributable to noncontrolling interest	423	178
Changes in other comprehensive income attributable to noncontrolling interest	(6)	4
Noncontrolling interest	$3,448	$3,102