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Restructuring (Tables) | 12 Months Ended
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Dec. 31, 2019
Restructuring and Related Activities [Abstract] |
Schedule of Restructuring Charges | The following table summarizes charges reported in the Consolidated Statements of Income under “Restructuring expenses, net”:
Year ended December 31, 2019 (in thousands) |  | Total restructuring costs incurred |  | Termination and other costs |  | Impairment of assets
Machine Clothing |  | $1,129 |  | $667 |  | $462
Albany Engineered Composites |  | 1,833 |  | 659 |  | 1,174
Corporate expenses |  | (57) |  | (57) |  | —
Total |  | $2,905 |  | $1,269 |  | $1,636
Year ended December 31, 2018 (in thousands) |  | Total restructuring costs incurred |  | Termination and other costs |  | Impairment of assets
Machine Clothing |  | $12,278 |  | $11,890 |  | $388
Albany Engineered Composites |  | 3,048 |  | 1,286 |  | 1,762
Corporate expenses |  | 244 |  | 244 |  | —
Total |  | $15,570 |  | $13,420 |  | $2,150
74 Index ALBANY INTERNATIONAL CORP. Notes to Consolidated Financial Statements 5. Restructuring — (continued)
Year ended December 31, 2017 (in thousands) |  | Total restructuring costs incurred |  | Termination and other costs |  | Impairment of assets
Machine Clothing |  | $3,429 |  | $2,945 |  | $484
Albany Engineered Composites |  | 10,062 |  | 5,004 |  | 5,058
Corporate expenses |  | — |  | — |  | —
Total |  | $13,491 |  | $7,949 |  | $5,542
Schedule of Restructuring Liability | We expect that approximately $1.3 million of Accrued liabilities for restructuring at December 31, 2019 will be paid within one year and approximately $0.7 million will be paid the following year. The table below presents the changes in restructuring liabilities for 2019 and 2018, all of which related to termination costs:
(in thousands) |  | December 31, 2018 |  | Restructuring charges accrued |  | Payments |  | Currency translation/other |  | December 31, 2019
Total termination and other costs |  | $5,570 |  | $1,269 |  | $(5,084) |  | $287 |  | $2,042
(in thousands) |  | December 31, 2017 |  | Restructuring charges accrued |  | Payments |  | Currency translation/other |  | December 31, 2018
Total termination and other costs |  | $3,326 |  | $13,420 |  | $(10,696) |  | $(480) |  | $5,570

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- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -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=115931487&loc=d3e140864-122747 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -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 3: http://fasb.org/us-gaap/role/ref/legacyRef -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=115931487&loc=d3e140904-122747 + Details
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- Definition Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(b)(2)) -URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 + Details
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