Reportable Segments (Tables)

3 Months Ended

Mar. 31, 2020

Segment Reporting [Abstract]

Schedule of Financial Data by Reporting Segment

The following tables show data by reportable segment, reconciled to consolidated totals included in the financial statements:

	Three months ended March 31,
(in thousands)	2020	2019
Net sales
Machine Clothing	$136,602	$144,334
Albany Engineered Composites	99,162	107,039
Consolidated total	$235,764	$251,373
Operating income/(loss)
Machine Clothing	$47,175	$44,243
Albany Engineered Composites	7,623	9,522
Corporate expenses	(15,204)	(13,672)
Operating income	$39,594	$40,093
Reconciling items:
Interest income	(447)	(599)
Interest expense	4,424	5,016
Other expense/(income), net	15,569	(1,208)
Income before income taxes	$20,048	$36,884

Schedule of Restructuring Costs by Reporting Segment

The table below presents restructuring costs by reportable segment (also see Note 5):

	Three months ended March 31,
(in thousands)	2020	2019
Machine Clothing	$642	$401
Albany Engineered Composites	-	83
Total	$642	$484

Schedule of Disaggregate Revenue for Each Business Segment

The following table disaggregates revenue for each product group by timing of revenue recognition:

	Three months ended March 31, 2020
(in thousands)	Point in Time Revenue Recognition	Over Time Revenue Recognition	Total
Machine Clothing	$135,754	$848	$136,602
Albany Engineered Composites
ASC	-	37,894	37,894
Other AEC	6,320	54,948	61,268
Total Albany Engineered Composites	6,320	92,842	99,162
Total revenue	$142,074	$93,690	$235,764

	Three months ended March 31, 2019
(in thousands)	Point in Time Revenue Recognition	Over Time Revenue Recognition	Total
Machine Clothing	$143,534	$800	$144,334
Albany Engineered Composites
ASC	-	55,442	55,442
Other AEC	6,245	45,352	51,597
Total Albany Engineered Composites	6,245	100,794	107,039
Total revenue	$149,779	$101,594	$251,373

Schedule of Disaggregate MC Segment Revenue by Significant Product or Service

9

The following table disaggregates MC segment revenue by significant product groupings (paper machine clothing (PMC) and engineered fabrics), and, for PMC, the geographical region to which the paper machine clothing was sold:

	Three months ended March 31,
(in thousands)	2020	2019
Americas PMC	$73,677	$75,341
Eurasia PMC	45,131	51,438
Engineered Fabrics	17,794	17,555
Total Machine Clothing Net sales	$136,602	$144,334