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Reportable Segments and Revenue Recognition (Tables) | 3 Months Ended
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Mar. 31, 2023
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 March 31, |
(in thousands) | 2023 | 2022 |  |
Net sales |  |  |  |
Machine Clothing | $ | 153,222 |  | $ | 154,062 |  |  |
Albany Engineered Composites | 115,874 |  | 90,107 |  |  |
Consolidated total | $ | 269,096 |  | $ | 244,169 |  |  |
Operating income/(loss) |  |  |  |
Machine Clothing | $ | 48,964 |  | $ | 49,644 |  |  |
Albany Engineered Composites | 9,418 |  | 1,195 |  |  |
Corporate expenses | (17,840) |  | (12,085) |  |  |
Operating income | $ | 40,542 |  | $ | 38,754 |  |  |
Reconciling items: |  |  |  |
Interest income | (1,102) |  | (652) |  |  |
Interest expense | 4,392 |  | 4,261 |  |  |
Other (income)/expense, net | (455) |  | (3,928) |  |  |
Income before income taxes | $ | 37,707 |  | $ | 39,073 |  |  |
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 March 31, 2023
(in thousands) | Point in Time Revenue Recognition | Over Time Revenue Recognition | Total
Machine Clothing | $ | 152,278 |  | $ | 944 |  | $ | 153,222 |
Albany Engineered Composites |  |  |
ASC | — |  | 44,532 |  | 44,532 |
Other AEC | 5,793 |  | 65,549 |  | 71,342 |
Total Albany Engineered Composites | 5,793 |  | 110,081 |  | 115,874 |
Total revenue | $ | 158,071 |  | $ | 111,025 |  | $ | 269,096 |
| Three months ended March 31, 2022
(in thousands) | Point in Time Revenue Recognition | Over Time Revenue Recognition | Total
Machine Clothing | $ | 153,163 |  | $ | 899 |  | $ | 154,062 |
Albany Engineered Composites |  |  |
ASC | — |  | 39,712 |  | 39,712 |
Other AEC | 3,913 |  | 46,482 |  | 50,395 |
Total Albany Engineered Composites | 3,913 |  | 86,194 |  | 90,107 |
Total revenue | $ | 157,076 |  | $ | 87,093 |  | $ | 244,169 |
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 March 31, |
(in thousands) | 2023 | 2022 |  |
Americas PMC | $ | 83,378 |  | $ | 76,616 |  |  |
Eurasia PMC | 51,737 |  | 55,486 |  |  |
Engineered Fabrics | 18,107 |  | 21,960 |  |  |
Total Machine Clothing Net sales | $ | 153,222 |  | $ | 154,062 |  |  |

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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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