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Reportable Segments and Revenue Recognition (Tables)

9 Months Ended

Sep. 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 September 30,						Nine months ended September 30,
(in thousands)			2021			2020			2021			2020
Net sales
Machine Clothing			$	154,171		$	138,747		$	462,298		$	428,782
Albany Engineered Composites			78,271			73,252			227,024			244,971
Consolidated total			$	232,442		$	211,999		$	689,322		$	673,753
Operating income/(loss)
Machine Clothing			$	55,467		$	45,699		$	161,731		$	149,418
Albany Engineered Composites			2,917			6,828			13,019			22,749
Corporate expenses			(13,898)			(13,754)			(38,479)			(41,073)
Operating income			$	44,486		$	38,773		$	136,271		$	131,094
Reconciling items:
Interest income			(654)			(1,485)			(1,584)			(2,280)
Interest expense			4,388			3,727			13,105			12,322
AMJP grant			(5,832)			—			(5,832)			—
Other expense/(income), net			2,753			(2,745)			4,215			13,915
Income before income taxes			$	43,831		$	39,276		$	126,367		$	107,137

Schedule of Restructuring Costs by Reporting Segment

The table below presents restructuring costs by reportable segment:

			Three months ended September 30,						Nine months ended September 30,
(in thousands)			2021			2020			2021			2020
Machine Clothing			$	251		$	384		$	193		$	1,414
Albany Engineered Composites			(81)			358			(40)			2,606
Corporate expenses			17			(32)			77			169
Total			$	187		$	710		$	230		$	4,189

Disaggregation of Revenue

The following table disaggregates revenue for each product group by timing of revenue recognition:

			Three months ended September 30, 2021
(in thousands)			Point in Time Revenue Recognition			Over Time Revenue Recognition			Total
Machine Clothing			$	153,306		$	865		$	154,171
Albany Engineered Composites
ASC			—			26,904			26,904
Other AEC			3,589			47,778			51,367
Total Albany Engineered Composites			3,589			74,682			78,271
Total revenue			$	156,895		$	75,547		$	232,442

			Nine months ended September 30, 2021
(in thousands)			Point in Time Revenue Recognition			Over Time Revenue Recognition			Total
Machine Clothing			$	459,703		$	2,595		$	462,298
Albany Engineered Composites
ASC			—			80,158			80,158
Other AEC			11,901			134,965			146,866
Total Albany Engineered Composites			11,901			215,123			227,024
Total revenue			$	471,604		$	217,718		$	689,322

			Three months ended September 30, 2020
(in thousands)			Point in Time Revenue Recognition			Over Time Revenue Recognition			Total
Machine Clothing			$	137,899		$	848		$	138,747
Albany Engineered Composites
ASC			—			17,301			17,301
Other AEC			4,479			51,472			55,951
Total Albany Engineered Composites			4,479			68,773			73,252
Total revenue			$	142,378		$	69,621		$	211,999

			Nine months ended September 30, 2020
(in thousands)			Point in Time Revenue Recognition			Over Time Revenue Recognition			Total
Machine Clothing			$	426,238		$	2,544		$	428,782
Albany Engineered Composites
ASC			—			72,771			72,771
Other AEC			14,942			157,258			172,200
Total Albany Engineered Composites			14,942			230,029			244,971
Total revenue			$	441,180		$	232,573		$	673,753

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 September 30,						Nine months ended September 30,
(in thousands)			2021			2020			2021			2020
Americas PMC			$	81,780		$	70,663		$	237,425		$	225,565
Eurasia PMC			53,277			50,923			164,320			150,220
Engineered Fabrics			19,114			17,161			60,553			52,997
Total Machine Clothing Net sales			$	154,171		$	138,747		$	462,298		$	428,782

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Tabular disclosure of disaggregation of revenue by significant product or service into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

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Schedule Of Restructuring Charges, By Segment

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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