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Reportable Segments | 3 Months Ended
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Mar. 31, 2017
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 March 31,
(in thousands) |  | 2017 |  | 2016
Net sales |  |  |  |  |  |
Machine Clothing |  | $142,827 |  |  | $145,264 |
Albany Engineered Composites |  | 56,450 |  |  | 27,067 |
Consolidated total |  | $199,277 |  |  | $172,331 |
Operating income/(loss) |  |  |  |  |  |
Machine Clothing |  | 38,261 |  |  | 37,139 |
Albany Engineered Composites |  | (5,114 | ) |  | (3,706 | )
Corporate expenses |  | (11,091 | ) |  | (11,164 | )
Operating income |  | $22,056 |  |  | $22,269 |
Reconciling items: |  |  |  |  |  |
Interest income |  | (107 | ) |  | (126 | )
Interest expense |  | 4,435 |  |  | 2,364 |
Other expense/(income), net |  | 204 |  |  | (328 | )
Income before income taxes |  | $17,524 |  |  | $20,359 |
There were no material changes in the total assets of the reportable segments in the first quarter of 2017. Total capital expenditures for the first quarter of 2017 were $21.5 million, including amounts that were included in Accounts payable. In the Consolidated Statements of Cash Flows, capital expenditures were $3.6 million higher as a result of payments in 2017 for capital expenditures that were recorded in 2016. For the first quarter of 2016, total capital expenditures were $10.9 million, including amounts that were included in Accounts payable. In the Consolidated Statements of Cash Flows, capital expenditures were $2.8 million lower as a result of a first-quarter increase in the amount of capital expenditures included in Accounts payable. The table below presents restructuring costs by reportable segment (also see Note 5):
|  | Three months ended March 31,
(in thousands) |  | 2017 |  | 2016
Restructuring expenses, net |  |  |  |  |  |
Machine Clothing |  | $110 |  |  | $698 |
Albany Engineered Composites |  | 2,571 |  |  | - |
Corporate expenses |  | - |  |  | (19 | )
Consolidated total |  | $2,681 |  |  | $679 |

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- 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 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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