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Reportable Segments and Revenue Recognition (Tables) | 6 Months Ended
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Jun. 30, 2021
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The following tables show data by reportable segment, reconciled to consolidated totals included in the financial statements:
| Three months ended June 30, | Six months ended June 30,
(in thousands) | 2021 | 2020 | 2021 | 2020
Net sales |  |  |  |
Machine Clothing | $ | 159,921 |  | $ | 153,433 |  | $ | 308,127 |  | $ | 290,035 |
Albany Engineered Composites | 74,598 |  | 72,557 |  | 148,753 |  | 171,719 |
Consolidated total | $ | 234,519 |  | $ | 225,990 |  | $ | 456,880 |  | $ | 461,754 |
Operating income/(loss) |  |  |  |
Machine Clothing | $ | 55,902 |  | $ | 56,543 |  | $ | 106,264 |  | $ | 103,718 |
Albany Engineered Composites | 7,164 |  | 8,299 |  | 10,102 |  | 15,922 |
Corporate expenses | (13,100) |  | (12,115) |  | (24,581) |  | (27,319) |
Operating income | $ | 49,966 |  | $ | 52,727 |  | $ | 91,785 |  | $ | 92,321 |
Reconciling items: |  |  |  |
Interest income | (401) |  | (348) |  | (930) |  | (795) |
Interest expense | 4,619 |  | 4,171 |  | 8,717 |  | 8,595 |
Other expense/(income), net | 862 |  | 1,091 |  | 1,462 |  | 16,660 |
Income before income taxes | $ | 44,886 |  | $ | 47,813 |  | $ | 82,536 |  | $ | 67,861 |
Schedule of Restructuring Costs by Reporting Segment | The table below presents restructuring costs by reportable segment (also see Note 4):
| 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 |
Disaggregation of Revenue | The following table disaggregates revenue for each product group by timing of revenue recognition:
| Three months ended June 30, 2021
(in thousands) | Point in Time Revenue Recognition | Over Time Revenue Recognition | Total
Machine Clothing | $ | 159,056 |  | $ | 865 |  | $ | 159,921 |
Albany Engineered Composites |  |  |
ASC | — |  | 26,170 |  | 26,170 |
Other AEC | 4,432 |  | 43,996 |  | 48,428 |
Total Albany Engineered Composites | 4,432 |  | 70,166 |  | 74,598 |
Total revenue | $ | 163,488 |  | $ | 71,031 |  | $ | 234,519 |
| Six months ended June 30, 2021
(in thousands) | Point in Time Revenue Recognition | Over Time Revenue Recognition | Total
Machine Clothing | $ | 306,397 |  | $ | 1,730 |  | $ | 308,127 |
Albany Engineered Composites |  |  |
ASC | — |  | 53,254 |  | 53,254 |
Other AEC | 8,312 |  | 87,187 |  | 95,499 |
Total Albany Engineered Composites | 8,312 |  | 140,441 |  | 148,753 |
Total revenue | $ | 314,709 |  | $ | 142,171 |  | $ | 456,880 |
| Three months ended June 30, 2020
(in thousands) | Point in Time Revenue Recognition | Over Time Revenue Recognition | Total
Machine Clothing | $ | 152,585 |  | $ | 848 |  | $ | 153,433 |
Albany Engineered Composites |  |  |
ASC | — |  | 17,576 |  | 17,576 |
Other AEC | 4,143 |  | 50,838 |  | 54,981 |
Total Albany Engineered Composites | 4,143 |  | 68,414 |  | 72,557 |
Total revenue | $ | 156,728 |  | $ | 69,262 |  | $ | 225,990 |
| Six months ended June 30, 2020
(in thousands) | Point in Time Revenue Recognition | Over Time Revenue Recognition | Total
Machine Clothing | $ | 288,339 |  | $ | 1,696 |  | $ | 290,035 |
Albany Engineered Composites |  |  |
ASC | — |  | 55,470 |  | 55,470 |
Other AEC | 10,463 |  | 105,786 |  | 116,249 |
Total Albany Engineered Composites | 10,463 |  | 161,256 |  | 171,719 |
Total revenue | $ | 298,802 |  | $ | 162,952 |  | $ | 461,754 |
Schedule of Disaggregate MC Segment Revenue by Significant Product or Service | The following table disaggregates MC segment revenue by significant product groupings (paper machine clothing (PMC) and engineered fabrics), and, for PMC, the geographical region to which the paper machine clothing was sold:
| Three months ended June 30, | Six months ended June 30,
(in thousands) | 2021 | 2020 | 2021 | 2020
Americas PMC | $ | 82,343 |  | $ | 81,225 |  | $ | 155,645 |  | $ | 154,902 |
Eurasia PMC | 55,900 |  | 54,166 |  | 111,043 |  | 99,297 |
Engineered Fabrics | 21,678 |  | 18,042 |  | 41,439 |  | 35,836 |
Total Machine Clothing Net sales | $ | 159,921 |  | $ | 153,433 |  | $ | 308,127 |  | $ | 290,035 |

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