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Restructuring (Tables)
3 Months Ended
Mar. 31, 2020
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”:

Three months ended March 31,

(in thousands)

2020

2019

Machine Clothing

$642

$401

Albany Engineered Composites

-

83

Corporate expenses

-

-

Total

$642

$484

12


Three Months ended March 31, 2020

Total

restructuring

costs incurred

Termination

and other

costs

(in thousands)

Machine Clothing

$642

$642

Albany Engineered Composites

-

-

Corporate expenses

-

-

Total

$642

$642

Three Months ended March 31, 2019

Total

restructuring

costs incurred

Termination

and other

costs

(in thousands)

Machine Clothing

$401

$401

Albany Engineered Composites

83

83

Corporate expenses

-

-

Total

$484

$484

Schedule of Restructuring Liability

We expect that approximately $1.5 million of Accrued liabilities for restructuring at March 31, 2020 will be paid within one year and approximately $0.4 million will be paid the following year. The table below presents the year-to-date changes in restructuring liabilities for 2020 and 2019, all of which are related to termination costs:

December 31,

Restructuring

Currency

March 31,

(in thousands)

2019

charges accrued

Payments

translation /other

2020

 

Total termination and other costs

$2,042

$642

$(731)

$(92)

$1,861

 

December 31,

Restructuring

Currency

March 31,

(in thousands)

2018

charges accrued

Payments

translation /other

2019

 

Total termination and other costs

$5,570

$484

$(876)

$23

$5,201