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Restructuring (Tables)
12 Months Ended
Dec. 31, 2019
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, 2019

(in thousands)

Total restructuring costs incurred

Termination and other costs

Impairment of assets

Machine Clothing

$1,129

$667

$462

Albany Engineered Composites

1,833

659

1,174

Corporate expenses

(57)

(57)

Total

$2,905

$1,269

$1,636

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

74


ALBANY INTERNATIONAL CORP.

Notes to Consolidated Financial Statements

5. Restructuring — (continued)

 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

 

Schedule of Restructuring Liability

We expect that approximately $1.3 million of Accrued liabilities for restructuring at December 31, 2019 will be paid within one year and approximately $0.7 million will be paid the following year.

The table below presents the changes in restructuring liabilities for 2019 and 2018, all of which related to termination costs:

(in thousands)

December 31, 2018

Restructuring charges accrued

Payments

Currency translation/other

December 31, 2019

Total termination and other costs

$5,570

$1,269

$(5,084)

$287

$2,042

(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