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Restructuring | 12 Months Ended
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Dec. 31, 2014
Restructuring [Abstract] |
Restructuring | 6. Restructuring Machine Clothing restructuring expense in 2013 and 2014 was principally related to the reduction in manufacturing capacity at production facilities in France, while 2012 expense principally resulted from work force reductions in Sweden, and U.S. operations in Wisconsin and New York. During the second quarter of 2013, the Company commenced a program to restructure operations at the Company's Machine Clothing production facilities in France. The restructuring reduced employment by approximately 200 positions at these locations. Under the terms of the restructuring plan, the Company provides training, outplacement and other benefits, the costs of which are recorded as restructuring when they are incurred. Restructuring expenses in the Albany Engineered Composites operations were principally related to organizational changes and exiting certain aerospace programs. 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 | ) |  |  | $- |
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 |
On February 20, 2015, the Company announced plans to discontinue operations at its press fabric manufacturing facility in Göppingen, Germany. This planned action is driven by the continuing consolidation of paper industry customers in Europe, and the continuous need to match the Company's paper machine clothing manufacturing capacity in Europe with the demands of our customers, so that customer sourcing is optimized. The Göppingen plan would be subject to applicable local law and would be implemented in accordance with such law and in consultation with the Works Council. The Company is presently unable to determine the restructuring costs associated with this plan.

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + 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 SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 5 -Section P -Subsection 3, 4 Reference 3: 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 4: 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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