XML 20 R9.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Reportable Segments | 9 Months Ended
--- | ---
Sep. 30, 2016
Segment Reporting [Abstract] |
Reportable Segments | 3. Reportable Segments The following tables show data by reportable segment, reconciled to consolidated totals included in the financial statements:
|  | Three months ended September 30, |  | Nine months ended September 30,
(in thousands) |  | 2016 |  | 2015 |  | 2016 |  | 2015
Net sales |  |  |  |  |  |  |  |  |  |  |  |
Machine Clothing |  | $143,248 |  |  | $154,522 |  |  | $437,445 |  |  | 463,577 |
Albany Engineered Composites |  | 48,024 |  |  | 24,267 |  |  | 129,348 |  |  | 68,625 |
Consolidated total |  | $191,272 |  |  | $178,789 |  |  | $566,793 |  |  | $532,202 |
Operating income/(loss) |  |  |  |  |  |  |  |  |  |  |  |
Machine Clothing |  | $40,039 |  |  | $41,956 |  |  | $112,583 |  |  | $110,969 |
Albany Engineered Composites |  | (4,529 | ) |  | (4,191 | ) |  | (14,083 | ) |  | (26,635 | )
Corporate expenses |  | (10,690 | ) |  | (11,922 | ) |  | (33,554 | ) |  | (35,304 | )
Operating income |  | 24,820 |  |  | 25,843 |  |  | 64,946 |  |  | 49,030 |
Reconciling items: |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  | (675 | ) |  | (428 | ) |  | (1,347 | ) |  | (1,205 | )
Interest expense |  | 4,356 |  |  | 3,099 |  |  | 10,957 |  |  | 9,254 |
Other income, net |  | 242 |  |  | 1,249 |  |  | (2,103 | ) |  | 784 |
Income before income taxes |  | $20,897 |  |  | $21,923 |  |  | $57,439 |  |  | $40,197 |
Total assets of the AEC segment increased by approximately $242 million during 2016 due to the acquisition of AAC. Total capital expenditures for the nine months of 2016 were $53.8 million, including amounts that were included in Accounts payable. In the Consolidated Statements of Cash Flows, capital expenditures and accounts payable were each adjusted by $2.5 million to reflect the non-cash nature of the transactions. During the first nine months of 2016, the Company recorded expense of $5.4 million for costs directly related to the acquisition. These costs are included in Selling, general and administrative expenses of the AEC segment. The table below presents restructuring costs by reportable segment (also see Note 5):
|  | Three months ended September 30, |  | Nine months ended June 30,
(in thousands) |  | 2016 |  | 2015 |  | 2016 |  | 2015
Restructuring expenses, net |  |  |  |  |  |  |  |  |  |  |  |
Machine Clothing |  | ($212 | ) |  | $3,717 |  |  | $5,921 |  |  | $13,929 |
Albany Engineered Composites |  | 640 |  |  | - |  |  | 1,787 |  |  | - |
Corporate expenses |  | (102 | ) |  | - |  |  | (55 | ) |  | - |
Consolidated total |  | $326 |  |  | $3,717 |  |  | $7,653 |  |  | $13,929 |

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration