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Restructuring (Tables) | 6 Months Ended
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Jun. 30, 2021
Restructuring and Related Activities [Abstract] |
Restructuring and Related Costs | The following table summarizes charges reported in the Consolidated Statements of Income under “Restructuring expenses, net”:
| Three months ended June 30, | Six months ended June 30,
(in thousands) | 2021 | 2020 | 2021 | 2020
Machine Clothing | $ | 10 |  | $ | 388 |  | $ | (58) |  | $ | 1,030 |
Albany Engineered Composites | (48) |  | 2,248 |  | 41 |  | 2,248 |
Corporate expenses | 29 |  | 201 |  | 60 |  | 201 |
Total | $ | (9) |  | $ | 2,837 |  | $ | 43 |  | $ | 3,479 |
Schedule of Restructuring Reserve by Type of Cost | The table below presents the year-to-date changes in restructuring liabilities for 2021 and 2020, all of which are related to termination and other costs:
(in thousands) | December 31, 2020 | Restructuring charges accrued | Payments | Currency translation /other | June 30, 2021
Total termination and other costs | $ | 2,195 |  | $ | 43 |  | $ | (1,485) |  | $ | 11 |  | $ | 764 |
(in thousands) | December 31, 2019 | Restructuring charges accrued | Payments | Currency translation /other | June 30, 2020
Total termination and other costs | $ | 2,042 |  | $ | 3,479 |  | $ | (1,410) |  | $ | (5) |  | $ | 4,106 |

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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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