XML 43 R37.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2014
Income Taxes [Abstract] |
Schedule of Components of Income Tax Expense |
(in thousands) | 2014 | 2013 | 2012
Income tax based on income from continuing operations, at estimated tax rates of 34%, 49%, and 39%, respectively | $25,703 | $15,172 | $19,769
Pension plan settlements | (3,194) | - | (39,460)
Income tax before discrete items | 22,509 | 15,172 | (19,691)
Discrete tax expense/(benefit): |  |  |
Repatriation of non-U.S. prior years' earnings | 2,210 | 618 | -
Provision for/resolution of tax audits and contingencies, net | 744 | 2,643 | (2,747)
Adjustments to prior period tax liabilities | 397 | (942) | (1,471)
Provision for/adjustment to beginning of year valuation allowances | (109) | (3,741) | (2,442)
Enacted tax legislation | - | (282) | (973)
Other discrete tax adjustments, net | - | (96) | (199)
Total income tax expense/(benefit) | $25,751 | $13,372 | ($27,523)
Schedule of Income/(Loss) From Continuing Operations |
(in thousands) | 2014 | 2013 | 2012
Income/(loss) before income taxes: |  |  |
U.S. | $4,993 | $14,395 | ($84,624)
Non-U.S. | 62,507 | 16,681 | 16,258
| $67,500 | $31,076 | ($68,366)
Income tax provision: |  |  |
Current: |  |  |
Federal | $1,874 | $3,508 | ($20,123)
State | 1,102 | 2,301 | (1,212)
Non-U.S. | 17,474 | 14,957 | 12,413
| $20,450 | $20,766 | ($8,922)
Deferred: |  |  |
Federal | ($1,707) | 1,723 | ($12,851)
State | (495) | (180) | (1,538)
Non-U.S. | 7,503 | 8,937) | (4,212)
| $5,301 | ($7,394) | ($18,601)
Total provision for income taxes | $25,751 | $13,372 | ($27,523)
Schedule of significant components of deferred income tax expense/(benefit) |
(in thousands) | 2014 | 2013 | 2012
Net effect of temporary differences | ($1,667) | ($334) | ($7,557)
Foreign tax credits | (481) | 2,378 | 9,468
Postretirement benefits | 1,438 | 1,482 | (18,337)
Net impact to operating loss carryforwards | 6,120 | (6,897) | 1,240
Enacted changes in tax laws and rates | - | (282) | (973)
Adjustments to beginning-of-the-year valuation |  |  |
allowance balance for changes in circumstances | (109) | (3,741) | (2,442)
Total | $5,301 | ($7,394) | ($18,601)
Reconciliation of the U.S. Federal Statutory Tax Rate to the Company's Effective Income Tax Rate |
| 2014 |  | 2013 |  | 2012 |
U.S. federal statutory tax rate | 35.0 | % | 35.0 | % | 35.0 | %
State taxes, net of federal benefit | 1.7 |  | 4.9 |  | 3.5 |
Non-U.S. local income taxes | 4.0 |  | 8.7 |  | 0.5 |
Foreign adjustments and rate differential | (10.2) |  | 0.2 |  | (1.7) |
U.S. tax on non-U.S. earnings and foreign withholdings | 8.0 |  | 5.3 |  | (1.2) |
Provision for/resolution of tax audits and contingencies, net | 1.0 |  | 8.5 |  | 4.0 |
Research and development and other tax credits | (1.6) |  | (3.8) |  | 0.9 |
Provision for/adjustment to beginning of year valuation allowances | (0.2) |  | (12.0) |  | (3.7) |
Other | 0.4 |  | (3.8) |  | 3.0 |
Effective income tax rate | 38.1 | % | 43.0 | % | 40.3 | %
Schedule of amounts previously reported in the 2013 Consolidated Balance Sheet, the correction, and the 2013 amounts in the accompanying Consolidated Balance Sheet |
As of December 31, 2013 (in thousands) | Total deferred taxes as reported in tax footnote | Taxes receivable or payable, and tax reserves | Total as previously reported in Balance Sheet | Amount of revision | Corrected Balance sheet as revised
Assets |  |  |  |  |
Deferred taxes | $13,873 | $ - | $13,873 | ($968) | $12,905
Taxes receivable and deferred | 103,185 | 16,427 | 119,612 | (39,763) | 79,849
Total | $117,058 | $16,427 | $133,485 | ($40,731) | $92,754
Liabilities |  |  |  |  |
Taxes payable and deferred | $3,855 | $1,536 | $5,391 | ($962) | $4,429
Deferred taxes and other credits | 46,690 | 7,786 | 54,476 | (39,769) | 14,707
Total | $50,545 | $9,322 | $59,867 | ($40,731) | $19,136
Schedule of Deferred Tax Assets and Liabilities |
| U.S. | Non-U.S.
| 2014 | 2013 | 2014 | 2013
(in thousands) |  |  |  |
Current deferred tax assets: |  |  |  |
Accounts receivable | $1,597 | $1,526 | $1,537 | $2,397
Inventories | 343 | 1,432 | 1,240 | 2,411
Tax credit carryforwards | - | 1,000 | - | -
Other | 2,662 | 2,867 | 3,574 | 3,058
Current deferred tax assets |  |  |  |
before valuation allowance | $4,602 | $6,825 | $6,351 | $7,866
Less: valuation allowance | - | - | (497) | (818)
Total current deferred tax assets | $4,602 | $6,825 | $5,854 | $7,048
Noncurrent deferred tax assets: |  |  |  |
Deferred compensation | 5,981 | 5,794 | - | -
Depreciation and amortization | 3,575 | 4,289 | 4,460 | 3,505
Postretirement benefits | 28,344 | 28,038 | 4,804 | 4,540
Tax loss carryforwards | 1,358 | 1,457 | 34,980 | 76,026
Tax credit carryforwards | 24,426 | 23,992 | 1,772 | 1,508
Other | 2,939 | 2,834 | 428 | 371
Noncurrent deferred tax assets |  |  |  |
before valuation allowance | 66,623 | 66,404 | 46,444 | 85,950
Less: valuation allowance | - | - | (21,363) | (49,169)
Total noncurrent deferred tax assets | 66,623 | 66,404 | 25,081 | 36,781
Total deferred tax assets | $71,225 | $73,229 | $30,935 | $43,829
Current deferred tax liabilities: |  |  |  |
Unrepatriated foreign earnings | $3,679 | $667 | $ - | $ -
Inventories | - | - | 32 | 1,366
Other | - | - | 577 | 1,822
Total current deferred tax liabilities | 3,679 | 667 | 609 | 3,188
Noncurrent deferred tax liabilities: |  |  |  |
Depreciation and amortization | 11,587 | 13,169 | 3,106 | 8,357
Postretirement benefits | - | - | 1,917 | 1,377
Deferred Gain | 8,396 | 9,013 | - | -
Branch losses subject to recapture | - | - | 11,369 | 12,380
Other | - | - | 1,888 | 2,394
Total noncurrent deferred tax liabilities | 19,983 | 22,182 | 18,280 | 24,508
Total deferred tax liabilities | 23,662 | 22,849 | 18,889 | 27,696
Net deferred tax asset | $47,563 | $50,380 | $12,046 | $16,133
Reconciliation of the Beginning and Ending Amount of Unrecognized Tax Benefits |
(in thousands) | 2014 | 2013 | 2012
Unrecognized tax benefits balance at January 1 | $12,538 | $24,386 | $27,053
Increase in gross amounts of tax positions related to prior years | 14,699 | 2,121 | 9,454
Decrease in gross amounts of tax positions related to prior years | (67) | - | -
Increase in gross amounts of tax positions related to current year | 1,077 | 2,622 | 381
Decrease due to settlements with tax authorities | (32) | (16,721) | (13,099)
Decrease due to lapse in statute of limitations | (6,775) | - | (20)
Currency translation | (1,931) | 130 | 617
Unrecognized tax benefits balance at December 31 | $19,509 | $12,538 | $24,386
Schedule of Non-Current Income Taxes Receivable and Deferred |
(in thousands) | 2014 | 2013
Income taxes receivable | $10,518 | $16,427
Deferred income taxes | 59,022 | 103,185
Total noncurrent deferred taxes and taxes receivable | $69,540 | $119,612
Schedule of Current Taxes Payable and Deferred |
(in thousands) | 2014 | 2013
Taxes payable | $2,211 | $1,536
Deferred income taxes | 575 | 3,855
Total current income taxes payable and deferred | $2,786 | $5,391

X
- Definition Schedule Deferred Income Tax Expense [Table Text Block]. + References No definition available. + Details
Name: | ain_ScheduleDeferredIncomeTaxExpenseTableTextBlock
Namespace Prefix: | ain_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Summary Of Income Taxes Payable And Deferred Current [Table Text Block]. + References No definition available. + Details
Name: | ain_SummaryOfIncomeTaxesPayableAndDeferredCurrentTableTextBlock
Namespace Prefix: | ain_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Summary Of Income Taxes Receivable And Deferred, Noncurrent [Table Text Block]. + References No definition available. + Details
Name: | ain_SummaryOfIncomeTaxesReceivableAndDeferredNoncurrentTableTextBlock
Namespace Prefix: | ain_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=28359718&loc=d3e22644-107794 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=28359718&loc=d3e22663-107794 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=28359718&loc=d3e22658-107794 + Details
Name: | us-gaap_ScheduleOfErrorCorrectionsAndPriorPeriodAdjustmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)(1)(i)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=32707879&loc=d3e36027-109320 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=6907707&loc=SL6600010-109319 + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration