v3.25.1
Restructuring (Tables)
 3 Months Ended
Mar. 31, 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 March 31,
(in thousands)20252024
Machine Clothing$1,347 $21 
Albany Engineered Composites1,168 2,188 
Corporate expenses— — 
Total$2,515 $2,209 
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":
Three months ended March 31, 2025Total
restructuring
costs incurred		Termination
and other
costs		Impairment of assetsPension Curtailment (Gain)/Loss
(in thousands)
Machine Clothing$1,603 $2,640 $723 $(1,760)
Albany Engineered Composites1,168 1,168 — — 
Corporate expenses— — — — 
Total$2,771 $3,808 $723 $(1,760)
Three months ended March 31, 2024Total
restructuring
costs incurred		Termination
and other
costs		Impairment of assets
Pension Curtailment (Gain)/Loss
(in thousands)
Machine Clothing$21 $21 $— $— 
Albany Engineered Composites2,188 2,188 — — 
Corporate expenses— — — — 
Total$2,209 $2,209 $— $— 
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		PaymentsCurrency
translation /other		March 31, 2025
Total termination and other costs$4,996 $3,808 $(4,160)$24 $4,668 
(in thousands)December 31, 2023Restructuring
charges accrued		PaymentsCurrency
translation /other		March 31, 2024
Total termination and other costs$— $2,209 $(221)$(1)$1,987