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Noncontrolling Interest (Tables) | 9 Months Ended
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Sep. 30, 2022
Noncontrolling Interest [Abstract] |
Schedule of Income Attributable to Noncontrolling Interest and Noncontrolling Equity | The table below presents a reconciliation of income attributable to the noncontrolling interest and noncontrolling equity in the Company’s subsidiary Albany Safran Composites, LLC:
| Nine months ended September 30,
(in thousands, except percentages) | 2022 | 2021
Net income of Albany Safran Composites (ASC) | $ | 7,320 |  | $ | 2,495 |
Less: Return attributable to the Company's preferred holding | 974 |  | 991 |
Net income of ASC available for common ownership | $ | 6,346 |  | $ | 1,504 |
Ownership percentage of noncontrolling shareholder | 10 | % | 10 | %
Net income attributable to the noncontrolling interest | $ | 635 |  | $ | 150 |
Noncontrolling interest, beginning of year | $ | 3,638 |  | $ | 3,799 |
Net income attributable to noncontrolling interest | 635 |  | 150 |
Changes in other comprehensive income attributable to the noncontrolling interest | (91) |  | (219) |
Noncontrolling interest, end of interim period | $ | 4,182 |  | $ | 3,730 |

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- Definition Tabular disclosure of noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock. + References No definition available. + Details
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- References No definition available. + Details
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