Restructuring (Tables)

6 Months Ended

Jun. 30, 2025

Restructuring and Related Activities [Abstract]

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


	Three months ended June 30,				Six months ended June 30,
(in thousands)	2025		2024		2025		2024
Machine Clothing	$	3,015	$	1,066	$	4,362	$	1,087
Albany Engineered Composites	520		922		1,688		3,110
Corporate expenses	648		115		648		115
Total	$	4,183	$	2,103	$	6,698	$	4,312

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, 2025	Total restructuring costs incurred		Termination and other costs		Impairment of assets		Pension Curtailment (Gain)/Loss
(in thousands)
Machine Clothing	$	4,362	$	5,399	$	723	$	(1,760)
Albany Engineered Composites	1,688		1,688		—		—
Corporate expenses	648		648		—		—
Total	$	6,698	$	7,735	$	723	$	(1,760)


Six months ended June 30, 2024	Total restructuring costs incurred		Termination and other costs		Impairment of assets		Pension Curtailment (Gain)/Loss
(in thousands)
Machine Clothing	$	1,605	$	1,087	$	518	$	—
Albany Engineered Composites	3,110		3,110		—		—
Corporate expenses	115		115		—		—
Total	$	4,830	$	4,312	$	518	$	—

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, 2024		Restructuring charges accrued		Payments and other		June 30, 2025
Total termination and other costs	$	4,996	$	7,735	$	(8,185)	$	4,546


(in thousands)	December 31, 2023		Restructuring charges accrued		Payments and other		June 30, 2024
Total termination and other costs	$	—	$	4,312	$	(1,388)	$	2,924

ALBANY INTERNATIONAL CORP /DE/ 10-Q