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Noncontrolling Interest (Tables) | 9 Months Ended
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Sep. 30, 2018
Noncontrolling Interest [Abstract] |
Schedule of Income Attributable to Noncontrolling Interest and Noncontrolling Equity | The table below presents a reconciliation of income attributable to the noncontrolling interest and noncontrolling equity in the Company’s subsidiary Albany Safran Composites, LLC, and the impact that the ASC 606 revenue standard had on Company results for the first nine months of 2018, included in the consolidated financial statements:
| Nine months ended September 30,
(in thousands) | 2018 | 2017
Net income of Albany Safran Composites (ASC) | $5,433 | $2,805
Less: Return attributable to the Company’s preferred holding | 965 | 782
Net income of ASC available for common ownership | $4,468 | $2,023
Ownership percentage of noncontrolling shareholder | 10% | 10%
Net income attributable to noncontrolling interest | $447 | $202
Noncontrolling interest, beginning of year | $3,247 | $3,767
Decrease attributable to application of ASC 606 | (327) | -
Net income attributable to noncontrolling interest | 447 | 202
Changes in other comprehensive income attributable to noncontrolling interest | (1) | 19
Noncontrolling interest | $3,366 | $3,988

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- Definition Tabular disclosure of noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock. + References No definition available. + Details
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- References No definition available. + Details
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