| Schedule of Restructuring Charges and Cost of Goods Sold |
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) | |
|
| Schedule of Changes in Restructuring Liabilities |
The table below presents the year-to-date changes in restructuring liabilities for 2026 and 2025: | | | | | | | | | | | | | | | | (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 | | | | | | |
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