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Restructuring (Tables)
9 Months Ended
Sep. 30, 2025
Restructuring and Related Activities [Abstract]  
Schedule of Restructuring Charges
The following table summarizes charges reported in the Consolidated Statements of Income under "Restructuring expenses, net":
Three months ended September 30,
Nine months ended September 30,
(in thousands)2025202420252024
Machine Clothing$1,960 $2,207 $6,322 $3,294 
Albany Engineered Composites113 34 1,801 3,144 
Corporate expenses1,124 31 1,772 146 
Total$3,197 $2,272 $9,895 $6,584 
The following tables summarize charges by type of expense reported in the Consolidated Statements of Income under "Restructuring expenses, net" and "Cost of goods sold":
Nine months ended September 30, 2025Total
restructuring
costs incurred
Termination
and other
costs
Impairment of assetsPension Curtailment (Gain)/Loss
(in thousands)
Machine Clothing$6,322 $7,359 $723 $(1,760)
Albany Engineered Composites1,801 1,801   
Corporate expenses1,772 1,772   
Total$9,895 $10,932 $723 $(1,760)
Nine months ended September 30, 2024Total
restructuring
costs incurred
Termination
and other
costs
Impairment of assets
Pension Curtailment (Gain)/Loss
(in thousands)
Machine Clothing$4,581 $3,294 $1,287 $— 
Albany Engineered Composites3,144 3,144 — — 
Corporate expenses146 146 — — 
Total$7,871 $6,584 $1,287 $— 
Schedule of Changes in Restructuring Liabilities
The table below presents the year-to-date changes in restructuring liabilities for 2025 and 2024:
(in thousands)December 31, 2024Restructuring
charges accrued
Payments and otherSeptember 30, 2025
Total restructuring and other liabilities$4,996 $10,932 $(12,622)$3,306 
(in thousands)December 31, 2023Restructuring
charges accrued
Payments and otherSeptember 30, 2024
Total restructuring and other liabilities$— $7,871 $(3,974)$3,897