At MC, restructuring actions were taken in 2026 and 2025 to consolidate production activities across multiple facilities. For the three and six months ended June 30, 2026, restructuring expenses were related to transfers of fixed assets to other locations including overseas, workforce reductions, and manufacturing expenses related to ceased production. For the three months ended June 30, 2025, these actions were related to workforce reductions of $3.0 million. For the six months ended June 30, 2025, restructuring charges were related to workforce reductions, fixed asset impairments and related costs and inventory write-off costs of $6.1 million offset by a $1.8 million pension curtailment gain.

At AEC, restructuring activities in prior year were related to reorganizational and workforce reduction costs, which resulted in restructuring expenses of $0.5 million and $1.7 million for the three and six months ended June 30, 2025, respectively. AEC did not incur any restructuring costs for the three and six months ended June 30, 2026.

The following table summarizes charges reported in the Consolidated Statements of Income under "Restructuring expenses, net" and "Cost of goods sold":


	Three months ended June 30,				Six months ended June 30,
(in thousands)	2026		2025		2026		2025
Machine Clothing	$	6,389	$	3,015	$	9,065	$	4,618
Albany Engineered Composites	—		520		—		1,688
Corporate	1,584		648		2,073		648
Total	$	7,973	$	4,183	$	11,138	$	6,954

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":


Six months ended June 30, 2026	Total restructuring costs incurred		Termination and other costs		Asset Transfer Costs
(in thousands)
Machine Clothing	$	9,065	$	4,665	$	4,400
Albany Engineered Composites	—		—		—
Corporate	2,073		2,073		—
Total	$	11,138	$	6,738	$	4,400


Six months ended June 30, 2025	Total restructuring costs incurred		Termination and other costs		Impairment of assets		Pension Curtailment (Gain)/Loss
(in thousands)
Machine Clothing	$	4,618	$	5,655	$	723	$	(1,760)
Albany Engineered Composites	1,688		1,688		—		—
Corporate	648		648		—		—
Total	$	6,954	$	7,991	$	723	$	(1,760)


(in thousands)	December 31, 2025		Restructuring charges accrued		Payments and other		June 30, 2026
Total restructuring and other liabilities	$	2,766	$	11,138	$	(12,433)	$	1,471


(in thousands)	December 31, 2024		Restructuring charges accrued		Payments and other		June 30, 2025
Total restructuring and other liabilities	$	4,996	$	7,991	$	(8,441)	$	4,546