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Restructuring | 12 Months Ended
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Dec. 31, 2021
Restructuring and Related Activities [Abstract] |
Restructuring | Restructuring In 2020, AEC reduced its workforce at various locations, principally in the United States, leading to restructuring charges of $2.8 million. In 2017, the Company announced a proposal to discontinue operations at its MC production facility in Sélestat, France. The restructuring program was driven by the Company’s need to balance manufacturing capacity with demand. During 2017, we incurred $1.1 million of restructuring expense associated with this proposal but were unable to reasonably estimate the total costs for severance and other charges associated with the proposal as there was no assurance, at that time, that approval for the proposal would be obtained. In 2018, the plan was approved by the French Labor Ministry which led to restructuring expense of $10.7 million in 2018, which included severance and outplacement costs for the approximately 50 positions that were terminated under this plan. In 2019, restructuring charges were $0.9 million, in 2020, restructuring charges were $1.2 million, and in 2021, restructuring charges were $0.4 million. Since 2017, we have recorded $14.3 million of restructuring charges related to this action. In 2018, the Company discontinued certain manufacturing processes at its AEC facility in Salt Lake City, Utah, which resulted in $1.9 million of restructuring in 2018, which included a non-cash restructuring charge of $1.7 million, and an additional $0.2 million for severance. The non-cash restructuring charge resulted from writing down manufacturing equipment used in that line of business to its estimated value. In 2019, the Company wrote off the remaining $1.2 million book value of that equipment as the Company was unable to sell it. To date, we have recorded $3.1 million of restructuring charges related to these actions. The following table summarizes charges reported in the Consolidated Statements of Income under “Restructuring expenses, net”:
Year ended December 31, 2021 (In thousands) |  | Total restructuring costs incurred |  | Termination and other costs |  | Impairment of assets
Machine Clothing |  | $ | 1,202 |  |  | $ | 1,202 |  |  | $ | — |
Albany Engineered Composites |  | 32 |  |  | 32 |  |  | — |
Corporate expenses |  | 97 |  |  | 97 |  |  | — |
Total |  | $ | 1,331 |  |  | $ | 1,331 |  |  | $ | — |
Year ended December 31, 2020 (In thousands) |  | Total restructuring costs incurred |  | Termination and other costs |  | Impairment of assets
Machine Clothing |  | $ | 2,746 |  |  | $ | 2,746 |  |  | $ | — |
Albany Engineered Composites |  | 2,821 |  |  | 2,821 |  |  | — |
Corporate expenses |  | 169 |  |  | 169 |  |  | — |
Total |  | $ | 5,736 |  |  | $ | 5,736 |  |  | $ | — |
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 |
We expect that approximately $0.9 million of Accrued liabilities for restructuring at December 31, 2021 will be paid within one year and approximately $0.1 million will be paid the following year. The table below presents the changes in restructuring liabilities for 2021 and 2020, all of which related to termination costs:
(in thousands) |  | December 31, 2020 |  | Restructuring charges accrued |  | Payments |  | Currency translation/other |  | December 31, 2021
Total termination and other costs |  | $ | 2,195 |  |  | $ | 1,331 |  |  | $ | (2,469) |  |  | $ | (12) |  |  | $ | 1,045 |
(in thousands) |  | December 31, 2019 |  | Restructuring charges accrued |  | Payments |  | Currency translation/other |  | December 31, 2020
Total termination and other costs |  | $ | 2,042 |  |  | $ | 5,736 |  |  | $ | (5,668) |  |  | $ | 85 |  |  | $ | 2,195 |

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(e)) -URI http://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI http://asc.fasb.org/topic&trid=2175745 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -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 + Details
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