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Reportable Segments and Revenue Recognition (Tables)

9 Months Ended

Sep. 30, 2022

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)			2022			2021			2022			2021
Net sales
Machine Clothing			$	153,389		$	154,171		$	459,121		$	462,298
Albany Engineered Composites			107,174			78,271			306,980			227,024
Consolidated total			$	260,563		$	232,442		$	766,101		$	689,322
Operating income/(loss)
Machine Clothing			$	57,247		$	55,467		$	161,752		$	161,731
Albany Engineered Composites			9,958			2,917			20,688			13,019
Corporate expenses			(13,561)			(13,898)			(39,327)			(38,479)
Operating income			$	53,644		$	44,486		$	143,113		$	136,271
Reconciling items:
Interest income			(965)			(654)			(2,463)			(1,584)
Interest expense			4,759			4,388			13,799			13,105
Pension settlement expense			49,128			—			49,128			—
AMJP grant			—			(5,832)			—			(5,832)
Other (income)/expense, net			(6,918)			2,753			(17,891)			4,215
Income before income taxes			$	7,640		$	43,831		$	100,540		$	126,367

Schedule of Disaggregation of Revenue For Each Product Group by Timing of Revenue Recognition

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

			Three months ended September 30, 2022
(in thousands)			Point in Time Revenue Recognition			Over Time Revenue Recognition			Total
Machine Clothing			$	152,490		$	899		$	153,389
Albany Engineered Composites
ASC			—			41,463			41,463
Other AEC			5,819			59,892			65,711
Total Albany Engineered Composites			5,819			101,355			107,174
Total revenue			$	158,309		$	102,254		$	260,563

			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, 2022
(in thousands)			Point in Time Revenue Recognition			Over Time Revenue Recognition			Total
Machine Clothing			$	456,423		$	2,698		$	459,121
Albany Engineered Composites
ASC			—			122,836			122,836
Other AEC			14,750			169,394			184,144
Total Albany Engineered Composites			14,750			292,230			306,980
Total revenue			$	471,173		$	294,928		$	766,101

			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

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)			2022			2021			2022			2021
Americas PMC			$	83,124		$	81,780		$	240,173		$	237,425
Eurasia PMC			49,828			53,277			157,751			164,320
Engineered Fabrics			20,437			19,114			61,197			60,553
Total Machine Clothing Net sales			$	153,389		$	154,171		$	459,121		$	462,298

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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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