Noncontrolling Interest (Tables)

9 Months Ended

Sep. 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:

	Nine months ended September 30,
(in thousands)	2019	2018
Net income of Albany Safran Composites (ASC)	$6,368	$5,433
Less: Return attributable to the Company's preferred holding	974	965
Net income of ASC available for common ownership	$5,394	$4,468
Ownership percentage of noncontrolling shareholder	10%	10%
Net income attributable to noncontrolling interest	$539	$447
Noncontrolling interest, beginning of year	$3,031	$3,247
Decrease attributable to 2018 adoption of ASC 606	—	(327)
Net income attributable to noncontrolling interest	539	447
Changes in other comprehensive income attributable to noncontrolling interest	(19)	(1)
Noncontrolling interest	$3,551	$3,366