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Restructuring (Tables) | 12 Months Ended
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Dec. 31, 2014
Restructuring [Abstract] |
Schedule of Restructuring Charges | The following table summarizes charges reported in the Consolidated Statements of Income under “Restructuring and other, net”:
Year ended December 31, 2014 |  |  | Total restructuring |  |  |  | Termination and |  |  |  | Impairment of plant and |  |  |  | Benefit plan curtailment/ |
(in thousands) |  |  | costs incurred |  |  |  | other costs |  |  |  | equipment |  |  |  | settlement |
Machine Clothing |  |  | $4,828 |  |  |  | $5,769 |  |  |  | $- |  |  |  | $(941 | )
Albany Engineered Composites |  |  | 931 |  |  |  | 319 |  |  |  | 612 |  |  |  | - |
Corporate expenses |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total |  |  | $5,759 |  |  |  | $6,088 |  |  |  | $612 |  |  |  | $(941 | )
Year ended December 31, 2013 |  |  | Total restructuring |  |  |  | Termination and |  |  |  | Impairment of plant and |  |  |  | Benefit plan curtailment/ |
(in thousands) |  |  | costs incurred |  |  |  | other costs |  |  |  | equipment |  |  |  | settlement |
Machine Clothing |  |  | $24,568 |  |  |  | $25,838 |  |  |  | $- |  |  |  | $(1,270 | )
Albany Engineered Composites |  |  | 540 |  |  |  | 452 |  |  |  | 88 |  |  |  | - |
Corporate expenses |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total |  |  | $25,108 |  |  |  | $26,290 |  |  |  | $88 |  |  |  | $(1,270 | )
Year ended December 31, 2012 |  |  | Total restructuring |  |  |  | Termination and |  |  |  | Impairment of plant and |  |  |  | Benefit plan curtailment/ |
(in thousands) |  |  | costs incurred |  |  |  | other costs |  |  |  | equipment |  |  |  | settlement |
Machine Clothing |  |  | $7,386 |  |  |  | $7,386 |  |  |  | $- |  |  |  | $- |
Albany Engineered Composites |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Corporate expenses |  |  | (325 | ) |  |  | 380 |  |  |  | (705 | ) |  |  | - |
Total |  |  | $7,061 |  |  |  | $7,766 |  |  |  | $(705 | ) |  |  | $- |
Schedule of Restructuring Liability | We expect that substantially all Accrued liabilities for restructuring liabilities will be paid within one year. The table below presents the changes in restructuring liabilities for 2014 and 2013, all of which related to termination costs:
|  | December 31, |  |  | Restructuring |  |  |  |  |  | Currency |  |  | December 31, |
(in thousands) |  | 2013 |  |  | charges accrued |  |  | Payments |  |  | translation/other |  |  | 2014 |
Total Termination costs |  | $ | 9,656 |  |  | $ | 6,088 |  |  | $ | (13,240 | ) |  | $ | (630 | ) |  | $ | 1,874 |
|  | December 31, |  |  | Restructuring |  |  |  |  |  | Currency |  |  | December 31, |
(in thousands) |  | 2012 |  |  | charges accrued |  |  | Payments |  |  | translation/other |  |  | 2013 |
Total Termination costs |  | $ | 4,947 |  |  | $ | 26,408 |  |  | $ | (22,478 | ) |  | $ | 779 |  |  | $ | 9,656 |

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- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140864-122747 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140904-122747 + Details
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- Definition Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(b)(2)) -URI http://asc.fasb.org/extlink&oid=27011515&loc=d3e140904-122747 + Details
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