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Document and Entity Information - shares shares in Millions	9 Months Ended
Document and Entity Information - shares shares in Millions	Sep. 30, 2016	Oct. 24, 2016
Entity Registrant Name	ALBANY INTERNATIONAL CORP /DE/
Entity Central Index Key	0000819793
Document Type	10-Q
Document Period End Date	Sep. 30, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2016
Common Class A [Member]
Entity Common Stock, Shares Outstanding		28.9
Common Class B [Member]
Entity Common Stock, Shares Outstanding		3.2

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Income Statement [Abstract]
Net sales	$ 191,272	$ 178,789	$ 566,793	$ 532,402
Cost of goods sold	118,852	103,045	343,557	325,382
Gross profit	72,420	75,744	223,236	207,020
Selling, general and administrative expenses	38,042	35,509	120,997	110,674
Technical, product engineering, and research expenses	9,232	10,675	29,640	33,387
Restructuring expenses, net	326	3,717	7,653	13,929
Operating income	24,820	25,843	64,946	49,030
Interest expense, net	3,681	2,671	9,610	8,049
Other (income)/expense, net	242	1,249	(2,103)	784
Income before income taxes	20,897	21,923	57,439	40,197
Income tax expense	7,488	12,243	20,613	20,398
Net income	13,409	9,680	36,826	19,799
Net (loss)/income attributable to the noncontrolling interest	340	22	(111)	100
Net income attributable to the Company	$ 13,069	$ 9,658	$ 36,937	$ 19,699
Earnings per share attributable to Company shareholders - Basic	$ 0.41	$ 0.30	$ 1.15	$ 0.62
Earnings per share attributable to Company shareholders - Diluted	$ 0.41	$ 0.30	$ 1.15	$ 0.62
Shares of the Company used in computing earnings per share:
Basic	32,104	32,012	32,079	31,965
Diluted	32,141	32,055	32,118	32,028
Dividends per share, Class A and Class B	$ 0.17	$ 0.17	$ 0.51	$ 0.5

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/(LOSS) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Statement of Comprehensive Income [Abstract]
Net income	$ 13,409	$ 9,680	$ 36,826	$ 19,799
Other comprehensive income/(loss), before tax:
Foreign currency translation adjustments	36	(17,683)	2,651	(42,581)
Pension/postretirement plan remeasurement			(170)
Amortization of pension liability adjustments:
Prior service credit	(1,113)	(1,110)	(3,338)	(3,330)
Net actuarial loss	1,296	1,462	3,870	4,428
Payments related to derivatives included in earnings	1,100	587	1,686	1,540
Derivative valuation adjustment	497	(2,672)	(6,936)	(3,892)
Income taxes related to items of other comprehensive income/(loss):
Pension/postretirement plan remeasurement			65
Amortization of pension liability adjustment	(55)	(123)	(160)	(384)
Payments related to derivatives included in earnings	(418)	(229)	(641)	(601)
Derivative valuation adjustment	(189)	1,042	2,636	1,518
Comprehensive income/(loss)	14,563	(9,046)	36,489	(23,503)
Comprehensive (loss)/income attributable to the noncontrolling interest	340	22	(112)	101
Comprehensive income/(loss) attributable to the Company	$ 14,223	$ (9,068)	$ 36,601	$ (23,604)

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 196,170	$ 185,113
Accounts receivable, net	170,739	146,383
Inventories	138,688	106,406
Income taxes prepaid and receivable	1,303	2,927
Asset held for sale	5,179	4,988
Prepaid expenses and other current assets	10,078	6,243
Total current assets	522,157	452,060
Property, plant and equipment, net	441,608	357,470
Intangibles, net	57,044	154
Goodwill	134,724	66,373
Income taxes receivable and deferred	78,689	108,945
Other assets	31,400	24,560
Total assets	1,265,622	1,009,562
Current liabilities:
Notes and loans payable	343	587
Accounts payable	36,653	26,753
Accrued liabilities	96,483	91,785
Current maturities of long-term debt	1,462	16
Income taxes payable	12,176	7,090
Total current liabilities	147,117	126,231
Long-term debt	490,003	265,080
Other noncurrent liabilities	98,123	101,544
Deferred taxes and other liabilities	5,256	14,154
Total liabilities	740,499	507,009
SHAREHOLDERS' EQUITY
Preferred stock, par value $5.00 per share; authorized 2,000,000 shares; none issued
Additional paid in capital	425,315	423,108
Retained earnings	512,517	491,950
Accumulated items of other comprehensive income:
Translation adjustments	(106,439)	(108,655)
Pension and postretirement liability adjustments	(48,023)	(48,725)
Derivative valuation adjustment	(4,719)	(1,464)
Treasury stock (Class A), at cost 8,445,342 shares in 2016 and 8,455,293 shares in 2015	(257,146)	(257,391)
Total Company shareholders' equity	521,545	498,863
Noncontrolling interest	3,578	3,690
Total equity	525,123	502,553
Total liabilities and shareholders' equity	1,265,622	1,009,562
Common Class A [Member]
SHAREHOLDERS' EQUITY
Common Stock	37	37
Common Class B [Member]
SHAREHOLDERS' EQUITY
Common Stock	$ 3	$ 3

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2016	Dec. 31, 2015
Preferred Stock, par value per share	$ 5.00	$ 5.00
Preferred Stock, shares authorized	2,000,000	2,000,000
Preferred Stock, shares issued	0	0
Treasury stock, shares	8,443,902	8,455,293
Common Class A [Member]
Common Stock, par value per share	$ 0.001	$ 0.001
Common Stock, shares authorized	100,000,000	100,000,000
Common Stock, shares issued	37,315,016	37,238,913
Common Class B [Member]
Common Stock, par value per share	$ 0.001	$ 0.001
Common Stock, shares authorized	25,000,000	25,000,000
Common Stock, shares issued	3,235,048	3,235,048
Common Stock, shares outstanding	3,235,048	3,235,048

CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
OPERATING ACTIVITIES
Net income	$ 13,409	$ 9,680	$ 36,826	$ 19,799
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	16,470	12,953	44,736	39,850
Amortization	1,975	1,790	6,488	5,431
Change in other noncurrent liabilities	(275)	(188)	(6,282)	(1,732)
Change in deferred taxes and other liabilities	(1,712)	7,322	(640)	2,669
Provision for write-off of property, plant and equipment	333	(156)	1,409	259
Gain on disposition of assets				(1,056)
Excess tax benefit of options exercised	(11)		(116)	(603)
Compensation and benefits paid or payable in Class A Common Stock	350	290	1,882	1,285
Fair value adjustment on available-for-sale securities		3,225		3,225
Changes in operating assets and liabilities that provide/(use) cash, net of impact of business acquisition:
Accounts receivable	4,794	5,100	(6,492)	(4,387)
Inventories	(5,511)	(3,626)	(12,886)	(10,757)
Prepaid expenses and other current assets	(481)	133	(3,302)	(857)
Income taxes prepaid and receivable	(100)	(518)	1,737	(592)
Accounts payable	(4,443)	(3,126)	(1,544)	(4,467)
Accrued liabilities	4,418	3,381	(3,736)	861
Income taxes payable	4,932	3,910	3,999	3,987
Other, net	(4,974)	1,723	(10,252)	6,330
Net cash provided by operating activities	29,174	41,893	51,827	59,245
INVESTING ACTIVITIES
Purchase of business, net of cash acquired			(187,000)
Purchases of property, plant and equipment	(21,924)	(9,023)	(50,029)	(39,689)
Purchased software	(591)	(252)	(1,262)	(589)
Proceeds from sale or involuntary conversion of assets	4,686		6,422	2,797
Net cash used in investing activities	(17,829)	(9,275)	(231,869)	(37,481)
FINANCING ACTIVITIES
Proceeds from borrowings	13,265	5,198	232,795	44,818
Principal payments on debt	(871)	(37,354)	(23,695)	(47,100)
Debt acquisition costs		(41)	(1,771)	(1,671)
Swap termination payment			(5,175)
Proceeds from options exercised	64	75	454	1,799
Excess tax benefit of options exercised	11		116	603
Dividends paid	(5,457)	(5,441)	(16,354)	(15,646)
Net cash provided by/(used in) financing activities	7,012	(37,563)	186,370	(17,197)
Effect of exchange rate changes on cash and cash equivalents	1,788	(5,749)	4,729	(12,589)
Increase/(decrease) in cash and cash equivalents	20,145	(10,694)	11,057	(8,022)
Cash and cash equivalents at beginning of period	176,025	182,474	185,113	179,802
Cash and cash equivalents at end of period	$ 196,170	$ 171,780	$ 196,170	$ 171,780

Significant Accounting Policies

9 Months Ended

Sep. 30, 2016

Accounting Policies [Abstract]

Significant Accounting Policies

1. Significant Accounting Policies

Basis of Presentation

In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments, consisting of only normal recurring adjustments and elimination of intercompany transactions necessary for a fair presentation of results for such periods. Albany International Corp. (“Albany”) consolidates the financial results of its subsidiaries for all periods presented. The results for any interim period are not necessarily indicative of results for the full year.

The preparation of financial statements in accordance with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the amounts reported in Albany International Corp.’s Consolidated Financial Statements and accompanying Notes. Actual results could differ materially from those estimates.

The information included in this Quarterly Report on Form 10-Q should be read in conjunction with “Risk Factors,” “Legal Proceedings,” “Management’s Discussion and Analysis of Financial Condition and Results of Operation,” “Quantitative and Qualitative Disclosures about Market Risk” and the Consolidated Financial Statements and Notes thereto included in Items 1A, 3, 7, 7A and 8, respectively, of the Albany International Corp. Annual Report on Form 10-K for the year ended December 31, 2015.

Except as described herein, there has been no material change to the accounting policies applied to our consolidated results and footnote disclosures. In accordance with the accounting guidance for business combinations, we use the acquisition method of accounting to allocate costs of acquired businesses to the assets acquired and liabilities assumed based on their estimated fair values at the dates of acquisition. The excess costs of acquired businesses over the fair values of the assets acquired and liabilities assumed are recognized as goodwill. The valuations of acquired assets and liabilities will impact the determination of future operating results. In addition to using management estimates and negotiated amounts, we use a variety of information sources to determine the estimated fair values of the assets and liabilities, including third-party appraisals for the estimated value and lives of identifiable intangible assets and property and equipment. The business and technical judgment of management is used in determining the useful lives of finite-lived intangible assets in accordance with the accounting guidance for goodwill and intangible assets.

Business Acquisition

9 Months Ended

Sep. 30, 2016

Business Combinations [Abstract]

Business Acquisition

2. Business Acquisition

On April 8, 2016, the Company acquired the outstanding shares of Harris Corporation’s composite aerostructures business for cash of $187 million, plus the assumption of certain liabilities. The Company funded the cash payable at closing by utilizing proceeds from a $550 million, unsecured credit facility agreement that was completed April 8, 2016 (see Note 14). The acquired entity has been renamed Albany Aerostructures Composites LLC (“AAC”), and is part of the Albany Engineered Composites (“AEC”) segment.

The following table summarizes the provisional allocation of the purchase price of AAC to the fair value of the assets and liabilities acquired:

(in thousands)	April 8, 2016
Assets acquired
Accounts receivable		$15,688
Inventories		17,715
Prepaid expenses and other current assets		402
Property, plant and equipment		81,701
Intangibles		59,360
Goodwill		67,034
Total assets acquired		$241,900

Liabilities assumed
Accounts payable		$8,745
Accrued liabilities		2,364
Capital lease obligation		16,927
Deferred income taxes		25,318
Other noncurrent liabilities		1,546
Total liabilities assumed		$54,900

Net assets acquired		$187,000

The Company is continuing to perform procedures to verify the value of assets and liabilities acquired, and the useful lives of amortizable assets. Accordingly, adjustments to the values in the above table may be required in future periods. Goodwill of $67.0 million reflects that the acquisition broadens and deepens AEC’s products, experience and manufacturing capabilities, and significantly increases opportunities for future growth. The goodwill is non-deductible for tax purposes.

The seller has provided representations, warranties and indemnities customary for acquisition transactions, including indemnities for certain customer claims identified before closing. As of September 30, 2016, Accounts receivable includes $3.2 million which is expected to be recovered from the seller under the terms of the indemnity arrangement.

In the course of performing its ongoing opening balance sheet procedures during the third quarter of 2016, management identified certain adjustments to the provisional value of assets and liabilities acquired reported in the Form 10-Q for the period ended June 30, 2016. The Consolidated Statement of Income for the third quarter of 2016 includes the cumulative effect of adjusting the provisional amounts, as illustrated in the table below:

(in thousands)	Increase / (decrease) to provisional amount		Additional expense / (income) in third quarter		Expense / (income) recognized in third quarter which relates to second quarter		Line item in the Statement of income affected
Assets:
Accounts receivable, net	($576	)	$ -		$ -
Inventories, net	(12,024	)	(2,291	)	(1,282	)	Cost of goods sold
Property, plant and equipment, net	(4,101	)	1,096		548		Cost of goods sold


Liabilities:
Obligation under capital lease	(6,888	)	(325	)	(115	)	Interest expense
Deferred income tax liabilities	25,318		-		-
Other noncurrent liabilities	577		18		8		Interest expense

Net increase to goodwill	$35,708

Net increase to income before income taxes			$(1,502	)	$(841	)

The following table presents operational results of AAC that are included in the Consolidated Statements of Income:

(in thousands, except per share amounts)	Three months ended September 30, 2016		April 8 to September 30, 2016
Net sales	$20,354		$45,990
Operating income/(loss)	(1,460	)	249
Income/(loss) before income taxes	(1,642	)	(377	)
Net loss attributable to the Company	(985	)	(226	)

Loss per share:
Basic	($0.03	)	($0.01	)
Diluted	($0.03	)	($0.01	)

The Consolidated Statements of Income reflect operational activity of AAC for only the period subsequent to the closing, which affects comparability of results. The following table shows total Company pro forma statements of operations for the three- and nine-month periods ended September 30, 2016 and 2015, as if the acquisition had occurred on January 1, 2015. This pro forma information does not purport to represent what the Company’s actual results would have been if the acquisitions had occurred as of the date indicated, or what such results would be for any future periods.

	Unaudited - Pro forma
	Three months ended September 30,				Nine months ended September 30,
(in thousands, except per share amounts)	2016		2015		2016		2015

Combined Net sales	$191,272		$198,193		$588,978		$591,181

Combined Income before income taxes	$20,897		$23,552		$59,812		$42,909

Pro forma increase/(decrease) to income before income taxes:
Acquisition expenses	-		-		5,367		-
Interest expense related to purchase price	-		(1,283	)	(1,382	)	(3,850	)

Purchase accounting adjustments:
Depreciation and amortization on property, plant and equipment, and intangible assets	548		(1,821	)	(1,919	)	(4,367	)
Valuation of contract inventories	(1,282	)	970		1,109		2,939
Interest expense on asset retirement obligation	8		(8	)	(8	)	(25	)
Interest expense on capital lease obligation	(115	)	115		339		346
Pro forma Income before income taxes	20,056		21,525		63,318		37,952

Pro forma Net Income attributable to the Company	$12,461		$8,432		$40,506		$18,417

- Definition

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

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+ Details

Reportable Segments

9 Months Ended

Sep. 30, 2016

Segment Reporting [Abstract]

Reportable Segments

3. Reportable Segments

The following tables show data by reportable segment, reconciled to consolidated totals included in the financial statements:

	Three months ended September 30,				Nine months ended September 30,
(in thousands)	2016		2015		2016		2015
Net sales
Machine Clothing	$143,248		$154,522		$437,445		463,577
Albany Engineered Composites	48,024		24,267		129,348		68,625
Consolidated total	$191,272		$178,789		$566,793		$532,202
Operating income/(loss)
Machine Clothing	$40,039		$41,956		$112,583		$110,969
Albany Engineered Composites	(4,529	)	(4,191	)	(14,083	)	(26,635	)
Corporate expenses	(10,690	)	(11,922	)	(33,554	)	(35,304	)
Operating income	24,820		25,843		64,946		49,030
Reconciling items:
Interest income	(675	)	(428	)	(1,347	)	(1,205	)
Interest expense	4,356		3,099		10,957		9,254
Other income, net	242		1,249		(2,103	)	784
Income before income taxes	$20,897		$21,923		$57,439		$40,197

Total assets of the AEC segment increased by approximately $242 million during 2016 due to the acquisition of AAC.

Total capital expenditures for the nine months of 2016 were $53.8 million, including amounts that were included in Accounts payable. In the Consolidated Statements of Cash Flows, capital expenditures and accounts payable were each adjusted by $2.5 million to reflect the non-cash nature of the transactions.

During the first nine months of 2016, the Company recorded expense of $5.4 million for costs directly related to the acquisition. These costs are included in Selling, general and administrative expenses of the AEC segment.

The table below presents restructuring costs by reportable segment (also see Note 5):

Three months ended
September 30,

Nine months ended
June 30,

(in thousands)

2016

2015

2016

2015

Restructuring expenses, net

Machine Clothing

($212

)

$3,717

$5,921

$13,929

Albany Engineered Composites

640

1,787

Corporate expenses

(102

)

(55

)

Consolidated total

$326

$3,717

$7,653

$13,929

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 29
-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 31
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-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599

+ Details

Pensions and Other Postretirement Benefit Plans

9 Months Ended

Sep. 30, 2016

Compensation and Retirement Disclosure [Abstract]

Pensions and Other Postretirement Benefit Plans

4. Pensions and Other Postretirement Benefit Plans

Pension Plans

The Company has defined benefit pension plans covering certain U.S. and non-U.S. employees. The U.S. qualified defined benefit pension plan has been closed to new participants since October 1998 and, as of February 2009, benefits accrued under this plan were frozen. As a result of the freeze, employees covered by the pension plan will receive, at retirement, only those benefits accrued through February 2009. Benefit accruals under the U.S. Supplemental Executive Retirement Plan ("SERP") were similarly frozen. The eligibility, benefit formulas, and contribution requirements for plans outside of the U.S. vary by location.

Other Postretirement Benefits

The Company also provides certain postretirement life insurance benefits to retired employees in Canada. The Company accrues the cost of providing postretirement benefits during the active service period of the employees. The Company currently funds the plan as claims are paid.

The composition of the net periodic benefit plan cost for the nine months ended September 30, 2016 and 2015 was as follows:

	Pension plans				Other postretirement benefits
(in thousands)	2016		2015		2016		2015
Components of net periodic benefit cost:
Service cost	$1,991		$2,268		$190		$250
Interest cost	6,110		5,779		1,832		1,831
Expected return on assets	(6,763	)	(6,418	)	-		-
Curtailment gain	(130	)	-		-		-
Amortization of prior service cost/(credit)	28		36		(3,366	)	(3,366	)
Amortization of net actuarial loss	1,756		1,924		2,114		2,504
Net periodic benefit cost	$2,992		$3,589		$770		$1,219

Restructuring

9 Months Ended

Sep. 30, 2016

Restructuring and Related Activities [Abstract]

Restructuring

5. Restructuring

During the first quarter of 2016 the Company announced the initiation of discussions with the relevant employee Works Council regarding a proposal to discontinue research and development activities at its Machine Clothing production facility in Sélestat, France. In May 2016, we reached agreement with the Works Council on the restructuring plan and we recorded $2.0 million of restructuring expense in the first nine months of 2016 as our current estimate of the cost for severance, outplacement, and the write-off of equipment. Cost savings associated with this action will reduce research and development expenses in future periods.

Machine Clothing restructuring charges for the first nine months of 2016 also include $1.9 million for the relocation of equipment from our former manufacturing facility in Germany.

Albany Engineered Composites restructuring expenses in 2016 were principally related to the consolidation of the Company’s legacy programs into Boerne, Texas.

Machine Clothing restructuring costs in 2015 were principally related to plant closure costs in Göppingen, Germany.

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)

2016

2015

2016

2015

Machine Clothing

($212

)

$3,717

$5,921

$13,929

Albany Engineered Composites

640

1,787

Corporate Expenses

(102

)

(55

)

Total

$326

$3,717

$7,653

$13,929

Nine months ended September 30, 2016 (in thousands)	Total restructuring costs incurred		Termination and other costs		Impairment of plant and equipment	Benefit plan curtailment/ settlement
Machine Clothing	$5,921		$5,751		$300	$(130	)
Albany Engineered Composites	1,787		1,498		289	-
Corporate Expenses	(55	)	(55	)	-	-
Total	$7,653		$7,194		$589	$(130	)

Nine months ended September 30, 2015 (in thousands)	Total restructuring costs incurred	Termination and other costs	Impairment of plant and equipment	Benefit plan curtailment/ settlement
Machine Clothing	$13,929	$10,704	$3,225	$-
Albany Engineered Composites	-	-	-	-
Corporate Expenses	-	-	-	-
Total	$13,929	$10,704	$3,225	$-

We expect that approximately $6.0 million of Accrued liabilities for restructuring at September 30, 2016 will be paid within one year and approximately $1.5 million will be paid in the following year. The table below presents the year-to-date changes in restructuring liabilities for 2016 and 2015, all of which related to termination costs:

(in thousands)		December 31, 2015			Restructuring charges accrued			Payments			Currency translation/other			September 30, 2016
Total termination costs		$10,177			$7,194			($9,862	)		$2			$7,511

(in thousands)		December 31, 2014			Restructuring charges accrued			Payments			Currency translation/other			September 30, 2015
Total termination costs		$1,874			$10,607			($10,637	)		$96			$1,940

Other Income, net

9 Months Ended

Sep. 30, 2016

Other Income and Expenses [Abstract]

Other Income, net

6. Other Income, net

The components of other (income)/expense, net are:

	Three months ended September 30,			Nine months ended September 30,
(in thousands)	2016		2015	2016		2015
Currency transaction (gains)/losses	($312	)	$953	($2,361	)	$404
Bank fees and amortization of debt issuance costs	106		219	652		764
Gain on sale of investment	-		-	-		(872	)
Other	448		77	(394	)	488
Total	$242		$1,249	($2,103	)	$784

In March 2015, the Company sold its total equity investment in an unaffiliated company, resulting in a gain of $0.9 million. The value of the investment had been written off in 2004.

Income Taxes

9 Months Ended

Sep. 30, 2016

Income Tax Disclosure [Abstract]

Income Taxes

7. Income Taxes

The following table presents components of income tax expense for the three and nine months ended September 30, 2016 and 2015:

	Three months ended September 30,				Nine months ended September 30,
(in thousands)	2016		2015		2016		2015
Income tax based on income from continuing operations, at estimated tax rates of 37.5% in 2016 and 38.0% in 2015	$7,838		$8,331		$21,545		$15,285
Effect of change in estimated tax rate	(424	)	(1,002	)	-		-
Income tax expense before discrete items	7,414		7,329		21,545		15,285

Discrete tax expense/(benefit):
Provision for/resolution of tax audits and contingencies, net	-		4,521		(825	)	4,505
Adjustments to prior period tax liabilities	(11	)	(581	)	(254	)	(641	)
Other discrete tax adjustments, net	85		968		113		1,152
Enacted tax legislation	-		6		34		97
Total income tax expense	$7,488		$12,243		$20,613		$20,398

The third quarter estimated income tax rate based on continuing operations was 37.5 percent in 2016, compared to 38.0 percent for the same period in 2015.

The Company records the residual U.S. and foreign taxes on certain amounts of current year foreign earnings that have been targeted for repatriation to the U.S. As a result, such amounts are not considered to be permanently reinvested, and the income tax provision before discrete items includes the residual taxes on these earnings to the extent they cannot be repatriated in a tax-free manner. As of September 30, 2016, the Company has recorded a deferred tax liability on $59.0 million of prior year non-U.S. earnings that have been targeted for future repatriation to the U.S.

The Company conducts business globally and, as a result, files income tax returns in the U.S. federal jurisdiction and various state and foreign jurisdictions. In the normal course of business we are subject to examination by taxing authorities throughout the world and we are currently under audit in various jurisdictions, including Canada, France and Italy. The open tax years range from 2007 to 2015.

It is reasonably possible that over the next twelve months the amount of unrecognized tax benefits may change within a range of $0.0 to a net decrease of $2.3 million, from the reevaluation of uncertain tax positions arising in examinations, in appeals, or in the courts, or from the closure of tax statutes.

In the first quarter of 2016, the Company reached a settlement with the German tax authorities over matters that had been outstanding for many years. The German Tax Authority had denied tax positions taken by the Company related to a 1999 reorganization. In 2009, the Company made a payment of $14.5 million in order to appeal the German Tax Authority decision, and we recorded that payment as an income tax receivable. As additional information became available in recent years, we wrote down the receivable by $6.3 million in 2014 and $6.4 million in 2015 ($5.8 million in the third quarter and $0.6 million in the fourth quarter). In April 2016, we received $3.7 million representing the final settlement of this matter, and accordingly, we adjusted our income tax receivable as of March 31, 2016 to that amount, and recorded a discrete tax benefit of $0.5 million for the first quarter of 2016.

Earnings Per Share

9 Months Ended

Sep. 30, 2016

Earnings Per Share [Abstract]

Earnings Per Share

8. Earnings Per Share

The amounts used in computing earnings per share and the weighted average number of shares of potentially dilutive securities are as follows:

Three months ended
September 30,

Nine months ended
September 30,

(in thousands, except market price and earnings per share)

2016

2015

2016

2015

Net income attributable to the Company

$13,069

$9,658

$36,937

$19,699

Weighted average number of shares:

Weighted average number of shares used in

calculating basic net income per share

32,104

32,012

32,079

31,965

Effect of dilutive stock-based compensation plans:

Stock options

Weighted average number of shares used in

calculating diluted net income per share

32,141

32,055

32,118

32,028

Average market price of common stock used

for calculation of dilutive shares

$42.03

$33.89

$38.97

$37.10

Earnings per share attributable to Company shareholders:

Basic

$0.41

$0.30

$1.15

$0.62

Diluted

$0.41

$0.30

$1.15

$0.62

Noncontrolling Interest

9 Months Ended

Sep. 30, 2016

Noncontrolling Interest [Abstract]

Noncontrolling Interest

9. Noncontrolling Interest

The table below presents a reconciliation of income attributable to the noncontrolling interest and noncontrolling equity:

	Nine months ended September 30,
(in thousands)	2016		2015
Net (loss)/income of Albany Safran Composites (ASC)	($374	)	$1,747
Less: Return attributable to the Company's preferred holding	732		748
Net (loss)/income of ASC available for common ownership	($1,106	)	$999
Ownership percentage of noncontrolling shareholder	10	%	10	%
Net (loss)/income attributable to noncontrolling interest	($111	)	$100

Noncontrolling interest, beginning of year	$3,690		$3,699
Net (loss)/income attributable to noncontrolling interest	(111	)	100
Changes in other comprehensive income attributable to noncontrolling interest	(1	)	1
Noncontrolling interest	$3,578		$3,800

Accumulated Other Comprehensive Income (AOCI)

9 Months Ended

Sep. 30, 2016

Accumulated items of other comprehensive income:

Accumulated Other Comprehensive Income (AOCI)

10. Accumulated Other Comprehensive Income (AOCI)

The table below presents changes in the components of AOCI for the period December 31, 2015 to September 30, 2016:

(in thousands)	Translation adjustments		Pension and postretirement liability adjustments		Derivative valuation adjustment		Total Other Comprehensive Income
December 31, 2015	($108,655	)	($48,725	)	($1,464	)	($158,844	)
Other comprehensive income/(loss) before reclassifications	2,216		330		(4,300	)	(1,754	)
Interest expense related to swaps reclassified to the Statement of Income, net of tax	-		-		1,045		1,045
Pension and postretirement liability adjustments reclassified to Statement of Income, net of tax	-		372		-		372
Net current period other comprehensive income/(loss)	2,216		702		(3,255	)	(337	)
September 30, 2016	($106,439	)	($48,023	)	($4,719	)	($159,181	)

The table below presents changes in the components of AOCI for the period December 31, 2014 to September 30, 2015:

(in thousands)	Translation adjustments		Pension and postretirement liability adjustments		Derivative valuation adjustment		Total Other Comprehensive Income
December 31, 2014	($55,240	)	($51,666	)	($861	)	($107,767	)
Other comprehensive income/(loss) before reclassifications	(44,316	)	1,735		(2,374	)	(44,955	)
Interest expense related to swaps reclassified to the Statement of Income, net of tax	-		-		939		939
Pension and postretirement liability adjustments reclassified to Statement of Income, net of tax	-		714		-		714
Net current period other comprehensive income/(loss)	(44,316	)	2,449		(1,435	)	(43,302	)
September 30, 2015	($99,556	)	($49,217	)	($2,296	)	($151,069	)

The table below presents the expense/(income) amounts reclassified, and the line items of the Consolidated Statements of Income that were affected for the periods ended September 30, 2016 and 2015.

	Three months ended September 30,				Nine months ended September 30,
(in thousands)	2016		2015		2016		2015
Pretax Derivative valuation reclassified from Accumulated Other Comprehensive Income:
Payments made on interest rate swaps included in Income before taxes(a)	$1,100		$587		$1,686		$1,540
Income tax effect	(418	)	(229	)	(641	)	(601	)
Effect on net income due to items reclassified from Accumulated Other Comprehensive Income	$682		$358		$1,045		$939

Pretax pension and postretirement liabilities reclassified from Accumulated Other Comprehensive Income:
Amortization of prior service credit	($1,113	)	($1,110	)	($3,338	)	($3,330	)
Amortization of net actuarial loss	1,296		1,462		3,870		4,428
Total pretax amount reclassified (b)	183		352		532		1,098
Income tax effect	(55	)	(123	)	(160	)	(384	)
Effect on net income due to items reclassified from Accumulated Other Comprehensive Income	$128		$229		$372		$714

(a)

Included in Interest expense.

(b)

These accumulated other comprehensive income/(loss) components are included in the computation of net periodic pension cost (see Note 4).

- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e689-108580

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=66004124&loc=SL7669619-108580

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e640-108580

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
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-URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e709-108580

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e637-108580

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e681-108580

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Reclassification Adjustments
-URI http://asc.fasb.org/extlink&oid=6522872

+ Details

Accounts Receivable

9 Months Ended

Sep. 30, 2016

Receivables [Abstract]

Accounts Receivable

11. Accounts Receivable

Accounts receivable includes trade receivables, and revenue in excess of progress billings on long-term contracts in the AEC segment. The Company maintains allowances for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments. The Company determines allowances based on historical write-off experience, customer-specific facts and economic conditions. If the financial condition of the Company’s customers were to deteriorate, resulting in an impairment of their ability to make payments, additional allowances may be required.

As of September 30, 2016 and December 31, 2015, Accounts receivable consisted of the following:

(in thousands)	September 30, 2016		December 31, 2015
Trade and other accounts receivable	$149,403		$123,179
Bank promissory notes	17,293		15,845
Revenue in excess of progress billings	11,626		15,889
Allowance for doubtful accounts	(7,583	)	(8,530	)
Total accounts receivable	$170,739		$146,383

In connection with certain sales in Asia Pacific, the Company accepts a bank promissory note as customer payment. The notes may be presented for payment at maturity, which is less than one year.

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

+ References + Details

Inventories

9 Months Ended

Sep. 30, 2016

Inventory Disclosure [Abstract]

Inventories

12. Inventories

Inventories are stated at the lower of cost or market, with cost determined using the first-in-first out method. The Company writes down the inventory for estimated obsolescence and to lower of cost or market value based upon assumptions about future demand and market conditions. If actual market conditions are less favorable than those projected by the Company, additional inventory write-downs may be required. Once established, the original cost of the inventory less the related inventory allowance represents the new cost basis of such inventories. The AEC segment has long-term contracts under which we incur engineering and development costs that are allocable to parts that will be delivered over multiple years. These costs are included in Work in process in the table below.

As of September 30, 2016 and December 31, 2015, inventories consisted of the following:

(in thousands)	September 30, 2016	December 31, 2015
Raw materials	$37,278	$27,636
Work in process	59,351	41,823
Finished goods	42,059	36,947
Total inventories	$138,688	$106,406

Goodwill and Other Intangible Assets

9 Months Ended

Sep. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

13. Goodwill and Other Intangible Assets

Goodwill and intangible assets with indefinite useful lives are not amortized, but are tested for impairment at least annually. Goodwill represents the excess of the purchase price over the fair value of the net tangible and identifiable intangible assets acquired in each business combination. Our reporting units are consistent with our operating segments.

Determining the fair value of a reporting unit requires the use of significant estimates and assumptions, including revenue growth rates, operating margins, discount rates, and future market conditions, among others. Goodwill and other long-lived assets are reviewed for impairment whenever events, such as significant changes in the business climate, plant closures, changes in product offerings, or other circumstances indicate that the carrying amount may not be recoverable.

To determine fair value, we utilize two market-based approaches and an income approach. Under the market-based approaches, we utilize information regarding the Company as well as publicly available industry information to determine earnings multiples and sales multiples. Under the income approach, we determine fair value based on estimated future cash flows of each reporting unit, discounted by an estimated weighted-average cost of capital, which reflects the overall level of inherent risk of a reporting unit and the rate of return an outside investor would expect to earn.

On April 8, 2016, the Company acquired the outstanding shares of Harris Corporation’s composite aerostructures business. Management is in the process of determining the fair value of assets and liabilities acquired. Based on procedures performed through September 30, 2016, we acquired amortizable intangible assets of $59.4 million and goodwill of $67.0 million. The amounts are subject to change as management completes its review of assets and liabilities acquired.

Prior to the acquisition, the entire balance of goodwill on our books was attributable to the Machine Clothing business. In the second quarter of 2016, the Company applied the qualitative assessment approach in performing its annual evaluation of Machine Clothing goodwill and concluded that no impairment provision was required. There were no amounts at risk due to the large spread between the fair and carrying values.

We are continuing to amortize certain patents, trade names and technology assets that have finite lives. The changes in intangible assets and goodwill from December 31, 2015 to September 30, 2016, were as follows:

(in thousands)	December 31, 2015	Assets acquired April 8, 2016	Amortization		Currency Translation	September 30, 2016

Amortized intangible assets:
AEC trade names	$25	$-	$(4	)	$-	$21
AEC technology	129	-	(19	)	-	110
Customer relationships	-	40,740	(1,354	)	-	39,386
Customer contracts	-	16,900	(62	)	-	16,838
Other intangibles	-	1,720	(1,031	)	-	689
Total amortized intangible assets	$154	$59,360	($2,470	)	$-	$57,044

Unamortized intangible assets:
MC Goodwill	$66,373	$-	$-		$1,317	$67,690
AEC Goodwill	-	67,034	-		-	67,034
Total unamortized intangible assets:	$66,373	$67,034	$-		$1,317	$134,724

The estimated useful lives for intangibles acquired during the second quarter of 2016 are 19 years for customer relationships, 6 years for customer contracts, and 7 to 22 years for other intangibles. The estimate of intangible amortization expense for 2016 and beyond is significantly influenced by the preliminary valuation of intangibles acquired in the second quarter of 2016 and is subject to adjustment when the valuation work is completed. Based on the preliminary valuation, estimated amortization expense of intangibles for the years ending December 31, 2016 through 2020, is as follows:

		Annual amortization
Year		(in thousands)
2016		$3,749
2017		5,119
2018		5,119
2019		5,119
2020		5,119

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

Financial Instruments

9 Months Ended

Sep. 30, 2016

Long-term Debt and Capital Lease Obligations [Abstract]

Financial Instruments

14. Financial Instruments

Long-term debt, principally to banks and bondholders, consists of:

(in thousands, except interest rates)	September 30, 2016		December 31, 2015

Private placement with a fixed interest rate of 6.84%, due 2017	$50,000		$50,000

Credit agreement with borrowings outstanding at an end of period interest rate of 2.53% in 2016 and 2.36% in 2015 (including the effect of interest rate hedging transactions, as described below)	425,000		215,000

Various notes and mortgages, at an average end of period rate of 5.50% in 2016 and 2015, due in varying amounts through 2021	84		96

Obligation under capital lease, matures 2022	16,381		-

Long-term debt	491,465		265,096

Less: current portion	(1,462	)	(16	)

Long-term debt, net of current portion	$490,003		$265,080

A note agreement and guaranty (“Prudential Agreement”) was originally entered into in October 2005 with the Prudential Insurance Company of America, and certain other purchasers, with interest at 6.84%. The remaining principal under the Prudential Agreement is $50 million, and is due on the maturity date of October 25, 2017. At the noteholders’ election, certain prepayments may also be required in connection with certain asset dispositions or financings. The notes may not otherwise be prepaid without a premium, under certain market conditions. The Prudential Agreement contains customary terms, as well as affirmative covenants, negative covenants, and events of default, comparable to those in our current principal credit facility agreement (as described below). The Prudential Agreement has been amended a number of times, most recently in April 2016, in order to maintain terms comparable to our current principal credit facility. For disclosure purposes, we are required to measure the fair value of outstanding debt on a recurring basis. As of September 30, 2016, the fair value of this debt was approximately $53.5 million, and was measured using active market interest rates, which would be considered Level 2 for fair value measurement purposes.

On April 8, 2016, we entered into a $550 million unsecured Five-Year Revolving Credit Facility Agreement (the “Credit Agreement”) which amends and restates the prior $400 million Agreement, entered into on June 18, 2015 (the “Prior Agreement”). Under the Credit Agreement, $425 million of borrowings were outstanding as of September 30, 2016. The applicable interest rate for borrowings was LIBOR plus a spread, based on our leverage ratio at the time of borrowing. At the time of the last borrowing on September 16, 2016, the spread was 1.500%. The spread was based on a pricing grid, which ranged from 1.250% to 1.750%, based on our leverage ratio. Based on our maximum leverage ratio and our Consolidated EBITDA, and without modification to any other credit agreements, as of September 30, 2016, we would have been able to borrow an additional $125 million under the Agreement.

The Credit Agreement contains customary terms, as well as affirmative covenants, negative covenants and events of default comparable to those in the Prior Agreement. The Borrowings are guaranteed by certain of the Company's subsidiaries.

Our ability to borrow additional amounts under the Credit Agreement is conditional upon the absence of any defaults, as well as the absence of any material adverse change (as defined in the Credit Agreement).

In connection with the acquisition of AAC, the Company has a long-term capital lease obligation for real property in Salt Lake City, Utah. The lease has an implied interest rate of 6.08% and matures in 2022.

The following schedule presents future minimum annual lease payments under the capital lease obligation and the present value of the minimum lease payments, as of September 30, 2016.

Years ending December 31,	(in thousands)

2016		$674
2017		2,696
2018		2,743
2019		2,743
2020		2,790
Thereafter		5,628
Total minimum lease payments		17,274
Less: Amount representing interest		(893	)

Present value of minimum lease payments		$16,381

On May 6, 2016, we terminated our interest rate swap agreements that had effectively fixed the interest rate on up to $120 million of revolving credit borrowings, in order to enter into a new interest rate swap with a greater notional amount, and the same maturity as the Credit Agreement. We paid $5.2 million to terminate the swap agreements and that cost will be amortized into interest expense through June 2020.

On May 9, 2016, we entered into interest rate hedges for the period May 16, 2016 through March 16, 2021. These transactions have the effect of fixing the LIBOR portion of the effective interest rate (before addition of the spread) on $300 million of indebtedness drawn under the Credit Agreement at the rate of 1.245% during the period. Under the terms of these transactions, we pay the fixed rate of 1.245% and the counterparties pay a floating rate based on the one-month LIBOR rate at each monthly calculation date, which on September 16, 2016 was 0.530%. The net effect is to fix the effective interest rate on $300 million of indebtedness at 1.245%, plus the applicable spread, during the swap period. On September 16, 2016, the all-in-rate on the $300 million of debt was 2.745%.

These interest rate swaps are accounted for as a hedge of future cash flows, as further described in Note 15 of the Notes to Consolidated Financial Statements. No cash collateral was received or pledged in relation to the swap agreements.

Under the Credit Agreement and Prudential Agreement, we are currently required to maintain a leverage ratio (as defined in the agreements) of not greater than 3.50 to 1.00 and minimum interest coverage (as defined) of 3.00 to 1.00.

As of September 30, 2016, our leverage ratio, including the pro-forma effect of the acquisition, was 2.38 to 1.00 and our interest coverage ratio was 12.93 to 1.00. We may purchase our Common Stock or pay dividends to the extent our leverage ratio remains at or below 3.50 to 1.00, and may make acquisitions with cash provided our leverage ratio would not exceed 3.50 to 1.00 after giving pro forma effect to the acquisition.

Indebtedness under each of the Prudential Agreement and the Credit Agreement is ranked equally in right of payment to all unsecured senior debt.

We were in compliance with all debt covenants as of September 30, 2016.

Fair-Value Measurements

9 Months Ended

Sep. 30, 2016

Fair Value Disclosures [Abstract]

Fair-Value Measurements

15. Fair-Value Measurements

Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. Accounting principles establish a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Level 3 inputs are unobservable data points for the asset or liability, and include situations in which there is little, if any, market activity for the asset or liability. In 2015 we reclassified land and building related to the former manufacturing facility in Germany as Asset held for sale in the accompanying Consolidated Balance Sheets. As of September 30, 2016 and December 31, 2015, we have Level 3 financial assets of $5.2 million and $5.0 million, respectively. The value as of September 30, 2016 was determined based on a contract which is expected to close in the fourth quarter of 2016.

The following table presents the fair-value hierarchy for our Level 1 and Level 2 financial and non-financial assets and liabilities, which are measured at fair value on a recurring basis, and Level 3 non-financial measured at fair value:

	September 30, 2016					December 31, 2015
(in thousands)	Quoted prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Unobservable inputs (Level 3)	Quoted prices in active markets (Level 1)	Significant other observable inputs (Level 2)		Unobservable inputs (Level 3)
Fair Value
Assets:
Cash equivalents	$22,274		$-		$-	$5,189	$-		$-
Asset held for sale	-		-		5,179	-	-		4,988
Prepaid expenses and other current assets:
Foreign currency options	-		148		-	-	-		-
Other Assets:
Common stock of unaffiliated foreign public company	762	^(a)	-		-	819	-		-
Liabilities:
Other noncurrent liabilities:
Interest rate swaps	-		(2,951	)^(b)		-	(2,400	)^(c)

(a)

Original cost basis $0.5 million

(b)

Net of $13.8 million receivable floating leg and $16.8 million liability fixed leg

(c)

Net of $7.4 million receivable floating leg and $9.8 million liability fixed leg

Cash equivalents include short-term securities that are considered to be highly liquid and easily tradable. These securities are valued using inputs observable in active markets for identical securities.

The common stock of the unaffiliated foreign public company is traded in an active market exchange. The shares are measured at fair value using closing stock prices and are recorded in the Consolidated Balance Sheets as Other assets. The securities are classified as available for sale, and as a result any unrealized gain or loss is recorded in the Shareholders’ Equity section of the Consolidated Balance Sheets rather than in the Consolidated Statements of Income. When the security is sold or impaired, gains and losses are reported on the Consolidated Statements of Income. Investments are considered to be impaired when a decline in fair value is judged to be other than temporary.

We operate our business in many regions of the world, and currency rate movements can have a significant effect on operating results. Foreign currency instruments are entered into periodically, and consist of foreign currency option contracts and forward contracts that are valued using quoted prices in active markets obtained from independent pricing sources. These instruments are measured using market foreign exchange prices and are recorded in the Consolidated Balance Sheets as Other current assets and Accounts payable, as applicable. Changes in fair value of these instruments are recorded as gains or losses within Other (income)/expenses, net.

When exercised, the foreign currency instruments are net settled with the same financial institution that bought or sold them. For all positions, whether options or forward contracts, there is risk from the possible inability of the financial institution to meet the terms of the contracts and the risk of unfavorable changes in interest and currency rates, which may reduce the value of the instruments. We seek to control risk by evaluating the creditworthiness of counterparties and by monitoring the currency exchange and interest rate markets while reviewing the hedging risks and contracts to ensure compliance with our internal guidelines and policies.

Changes in exchange rates can result in revaluation gains and losses that are recorded in Selling, General and Administrative expenses or Other (income)/expenses, net. Revaluation gains and losses occur when our business units have cash, intercompany (recorded in Other (income)/expenses, net) or third-party trade (recorded in Selling, General and Administrative expenses) receivable or payable balances in a currency other than their local reporting (or functional) currency.

Operating results can also be affected by the translation of sales and costs, for each non-U.S. subsidiary, from the local functional currency to the U.S. dollar. The translation effect on the Consolidated Statements of Income is dependent on our net income or expense position in each non-U.S. currency in which we do business. A net income position exists when sales realized in a particular currency exceed expenses paid in that currency; a net expense position exists if the opposite is true.

The interest rate swaps are accounted for as hedges of future cash flows. The fair value of our interest rate swaps are derived from a discounted cash flow analysis based on the terms of the contract and the interest rate curve, and is included in Other assets and/or Other noncurrent liabilities in the Consolidated Balance Sheets. Unrealized gains and losses on the swaps flow through the caption Derivative valuation adjustment in the Shareholders’ equity section of the Consolidated Balance Sheets, to the extent that the hedges are highly effective. As of September 30, 2016, these interest rate swaps were determined to be highly effective hedges of interest rate cash flow risk. Any gains and losses related to the ineffective portion of the hedges will be recognized in the current period in earnings. Amounts accumulated in Other comprehensive income are reclassified as Interest expense, net when the related interest payments (that is, the hedged forecasted transactions), and amortization related to the swap buyouts, affect earnings. Interest expense related to the current swaps totaled $1.2 million for the nine month period ended September 30, 2016 and $1.5 million for the nine month period ended September 30, 2015. Interest expense related to the swap buyouts totaled $0.5 million for the nine month period ended September 30, 2016 and $0.0 million for the nine month period ended September 30, 2015.

Gains/(losses) related to changes in fair value of derivative instruments that were recognized in Other (income)/expenses, net in the Consolidated Statements of Income were as follows:

Three months ended
September 30,

Nine months ended
September 30,

(in thousands)

2016

2015

2016

2015

Derivatives not designated as hedging instruments

Foreign currency options

($218

)

$25

$237

$150

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Contingencies

9 Months Ended

Sep. 30, 2016

Commitments and Contingencies Disclosure [Abstract]

Contingencies

16. Contingencies

Asbestos Litigation

Albany International Corp. is a defendant in suits brought in various courts in the United States by plaintiffs who allege that they have suffered personal injury as a result of exposure to asbestos-containing products that we previously manufactured. We produced asbestos-containing paper machine clothing synthetic dryer fabrics marketed during the period from 1967 to 1976 and used in certain paper mills. Such fabrics generally had a useful life of three to twelve months.

We were defending 3,753 claims as of September 30, 2016.

The following table sets forth the number of claims filed, the number of claims settled, dismissed or otherwise resolved, and the aggregate settlement amount during the periods presented:

Year ended December 31,	Opening Number of Claims	Claims Dismissed, Settled, or Resolved	New Claims	Closing Number of Claims	Amounts Paid (thousands) to Settle or Resolve
2005	29,411	6,257	1,297	24,451	$504
2006	24,451	6,841	1,806	19,416	3,879
2007	19,416	808	190	18,798	15
2008	18,798	523	110	18,385	52
2009	18,385	9,482	42	8,945	88
2010	8,945	3,963	188	5,170	159
2011	5,170	789	65	4,446	1,111
2012	4,446	90	107	4,463	530
2013	4,463	230	66	4,299	78
2014	4,299	625	147	3,821	437
2015	3,821	116	86	3,791	164
As of September 30, 2016	3,791	127	89	3,753	$733

We anticipate that additional claims will be filed against the Company and related companies in the future, but are unable to predict the number and timing of such future claims.

Exposure and disease information sufficient to meaningfully estimate a range of possible loss of a particular claim is typically not available until late in the discovery process, and often not until a trial date is imminent and a settlement demand has been received. For these reasons, we do not believe a meaningful estimate can be made regarding the range of possible loss with respect to pending or future claims.

While we believe we have meritorious defenses to these claims, we have settled certain claims for amounts we consider reasonable given the facts and circumstances of each case. Our insurer, Liberty Mutual, has defended each case and funded settlements under a standard reservation of rights. As of September 30, 2016 we had resolved, by means of settlement or dismissal, 37,468 claims. The total cost of resolving all claims was $10.1 million. Of this amount, almost 100% was paid by our insurance carrier. The Company’s insurer has confirmed that although the coverage limits under two (of approximately 23) primary insurance policies have been exhausted, there still remains approximately $3 million in coverage limits under other applicable primary policies, and $140 million in coverage under excess umbrella coverage policies that should be available with respect to current and future asbestos claims.

Brandon Drying Fabrics, Inc. (“Brandon”), a subsidiary of Geschmay Corp., which is a subsidiary of the Company, is also a separate defendant in many of the asbestos cases in which Albany is named as a defendant. Brandon was defending against 7,707 claims as of September 30, 2016.

The following table sets forth the number of claims filed, the number of claims settled, dismissed or otherwise resolved, and the aggregate settlement amount during the periods presented:

Year ended December 31,	Opening Number of Claims	Claims Dismissed, Settled, or Resolved	New Claims	Closing Number of Claims	Amounts Paid (thousands) to Settle or Resolve
2005	9,985	642	223	9,566	$-
2006	9,566	1,182	730	9,114	-
2007	9,114	462	88	8,740	-
2008	8,740	86	10	8,664	-
2009	8,664	760	3	7,907	-
2010	7,907	47	9	7,869	-
2011	7,869	3	11	7,877	-
2012	7,877	12	2	7,867	-
2013	7,867	55	3	7,815	-
2014	7,815	87	2	7,730	-
2015	7,730	18	1	7,713	-
As of September 30, 2016	7,713	6	-	7,707	$-

We acquired Geschmay Corp., formerly known as Wangner Systems Corporation, in 1999. Brandon is a wholly owned subsidiary of Geschmay Corp. In 1978, Brandon acquired certain assets from Abney Mills (“Abney”), a South Carolina textile manufacturer. Among the assets acquired by Brandon from Abney were assets of Abney’s wholly owned subsidiary, Brandon Sales, Inc. which had sold, among other things, dryer fabrics containing asbestos made by its parent, Abney. Although Brandon manufactured and sold dryer fabrics under its own name subsequent to the asset purchase, none of such fabrics contained asbestos. Because Brandon did not manufacture asbestos-containing products, and because it does not believe that it was the legal successor to, or otherwise responsible for obligations of Abney with respect to products manufactured by Abney, it believes it has strong defenses to the claims that have been asserted against it. As of September 30, 2016, Brandon has resolved, by means of settlement or dismissal, 9,899 claims for a total of $0.2 million. Brandon’s insurance carriers initially agreed to pay 88.2% of the total indemnification and defense costs related to these proceedings, subject to the standard reservation of rights. The remaining 11.8% of the costs had been borne directly by Brandon. During 2004, Brandon’s insurance carriers agreed to cover 100% of indemnification and defense costs, subject to policy limits and the standard reservation of rights, and to reimburse Brandon for all indemnity and defense costs paid directly by Brandon related to these proceedings.

For the same reasons set forth above with respect to Albany’s claims, as well as the fact that no amounts have been paid to resolve any Brandon claims since 2001, we do not believe a meaningful estimate can be made regarding the range of possible loss with respect to these remaining claims.

In some of these asbestos cases, the Company is named both as a direct defendant and as the “successor in interest” to Mount Vernon Mills (“Mount Vernon”). We acquired certain assets from Mount Vernon in 1993. Certain plaintiffs allege injury caused by asbestos-containing products alleged to have been sold by Mount Vernon many years prior to this acquisition. Mount Vernon is contractually obligated to indemnify the Company against any liability arising out of such products. We deny any liability for products sold by Mount Vernon prior to the acquisition of the Mount Vernon assets. Pursuant to its contractual indemnification obligations, Mount Vernon has assumed the defense of these claims. On this basis, we have successfully moved for dismissal in a number of actions.

Although we do not believe, based on currently available information and for the reasons stated above, that a meaningful estimate of a range of possible loss can be made with respect to such claims, based on our understanding of the insurance policies available, how settlement amounts have been allocated to various policies, our settlement experience, the absence of any judgments against the Company or Brandon, the ratio of paper mill claims to total claims filed, and the defenses available, we currently do not anticipate any material liability relating to the resolution of the aforementioned pending proceedings in excess of existing insurance limits.

Consequently, we currently do not anticipate, based on currently available information, that the ultimate resolution of the aforementioned proceedings will have a material adverse effect on the financial position, results of operations, or cash flows of the Company. Although we cannot predict the number and timing of future claims, based on the foregoing factors and the trends in claims against us to date, we do not anticipate that additional claims likely to be filed against us in the future will have a material adverse effect on our financial position, results of operations, or cash flows. We are aware that litigation is inherently uncertain, especially when the outcome is dependent primarily on determinations of factual matters to be made by juries.

Changes in Shareholders' Equity

9 Months Ended

Sep. 30, 2016

Stockholders' Equity Note [Abstract]

Changes in Shareholders' Equity

17. Changes in Shareholders’ Equity

The following table summarizes changes in Shareholders’ Equity:

(in thousands)	Common Stock Class A and B	Additional paid in capital	Retained earnings		Accumulated items of other comprehensive income/(loss)		Treasury stock		Noncontrolling Interest		Total Equity
December 31, 2015	$40	$423,108	$491,950		($158,844	)	($257,391	)	$3,690		$502,553
Net income	-	-	36,937		-		-		(111	)	36,826
Compensation and benefits paid or payable in shares	-	1,447	-		-		-		-		1,447
Options exercised	-	570	-		-		-		-		570
Shares issued to Directors'	-	190	-		-		245		-		435
Dividends declared	-	-	(16,370	)	-		-		-		(16,370	)
Cumulative translation adjustments	-	-	-		2,216		-		(1	)	2,215
Pension and postretirement liability adjustments	-	-	-		702		-		-		702
Derivative valuation adjustment	-	-	-		(3,255	)	-		-		(3,255	)
September 30, 2016	$40	$425,315	$512,517		($159,181	)	($257,146	)	$3,578		$525,123

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

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+ Details

Recent Accounting Pronouncements

9 Months Ended

Sep. 30, 2016

Accounting Changes and Error Corrections [Abstract]

Recent Accounting Pronouncements

18. Recent Accounting Pronouncements

In May 2014, an accounting update was issued that replaces the existing revenue recognition framework regarding contracts with customers. There have been several revisions to the update, the latest occurring in May 2016. This accounting update is effective for reporting periods beginning after December 31, 2017. Early adoption is permitted but not before the original effective date, which is for reporting periods beginning after December 31, 2016. We have not determined the impact of this update on our financial statements.

In February 2015, amended accounting guidance was issued which changes the evaluation of variable interest entities regarding whether they should consolidate limited partnerships and similar entities, or whether fees are paid to a decision maker or service provider, or whether they are held by related parties. We adopted this provision as of January 1, 2016 and it did not affect our financial statements.

In April 2015 and August 2015, accounting updates were issued which require that debt issuance costs related to certain types of recognized debt liability be presented in the balance sheet as a direct reduction of that debt, which could result in a minor netting down of assets and liabilities. We adopted this provision as of January 1, 2016 and it did not affect our financial statements.

In May 2015, an accounting update was issued which eliminates the requirement to categorize investments in the fair value hierarchy if their fair value is measured at net asset value (NAV) per share. We adopted this provision as of January 1, 2016 and it did not affect our financial statements.

In July 2015, an accounting update was issued simplifying the measurement of inventory from the lower of cost or market to lower of cost or net realizable value. This accounting update eliminates the requirement for consideration of replacement cost or net realizable value less normal profit margin measurements. This accounting update is effective for reporting periods beginning after December 15, 2016. We do not expect the adoption of this update to have a significant effect on our financial statements.

In September 2015, an accounting update was issued which eliminates the requirement for an acquirer to retrospectively adjust the financial statements for measurement-period adjustments that occur in periods after a business combination is consummated. This accounting update was adopted January 1, 2016. Note 2 includes a table of measurement period adjustments related to the Company’s acquisition in the second quarter of 2016.

In January 2016, an accounting update was issued which requires entities to present separately in Other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk if the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. This accounting update is effective for reporting periods beginning after December 15, 2017. We have not determined the impact of this update on our financial statements.

In February 2016, an accounting update was issued which requires lessees to recognize most leases on the balance sheet. The update may significantly increase reported assets and liabilities. This accounting update is effective for reporting periods beginning after December 15, 2018. We have not determined the impact of this update on our financial statements.

In March 2016, an accounting update was issued which clarifies that a change in counterparty to a derivative contract, through novation, that is part of a hedge accounting relationship does not, by itself, require de-designation of that relationship, as long as all other hedge accounting criteria continue to be met. This accounting update is effective for reporting periods beginning after December 15, 2016. We do not expect the adoption of this update to have a significant effect on our financial statements.

In March 2016, an accounting update was issued which simplifies the transition to the equity method of accounting by eliminating the requirement for an investor to retroactively apply the equity method when its increase in ownership interest, or degree of influence, triggers equity method accounting. This accounting update is effective for reporting periods beginning after December 15, 2016. We do not expect the adoption of this update to have a significant effect on our financial statements.

In March 2016, an accounting update was issued which simplifies several aspects related to the accounting for share-based payment transactions, including the income tax consequences, statutory tax withholding requirements, and classification of excess tax benefits on the statements of cash flows. This accounting update is effective for reporting periods beginning after December 15, 2016. Early adoption is permitted. Adoption of this accounting update could increase the volatility of income tax expense. We have not determined the effect of this update on our financial statements.

In August 2016, an accounting update was issued in order to reduce diversity in practice in how certain transactions are classified in the statement of cash flows. This accounting update is effective for reporting periods beginning after December 15, 2017. Early adoption is permitted. We do not expect the adoption of this update to have a significant effect on our financial statements.

In October 2016, an accounting update was issued which modifies the recognition of income tax effects on intracompany transfers of assets, other than inventory. This accounting update is effective for reporting periods beginning after December 15, 2017. We have not determined the effect of this update on our financial statements.

- Definition

The entire disclosure for reporting accounting changes and error corrections. It includes the conveyance of information necessary for a user of the Company's financial information to understand all aspects and required disclosure information concerning all changes and error corrections reported in the Company's financial statements for the period.

+ References + Details

Accounting Policies (Policies)

9 Months Ended

Sep. 30, 2016

Accounting Policies [Abstract]

Basis of Presentation

Basis of Presentation

Business Acquisition (Tables)

9 Months Ended

Sep. 30, 2016

Business Combinations [Abstract]

Schedule of Provisional Allocation of Purchase Price of Albany Aerostructures Composites, LLC

The following table summarizes the provisional allocation of the purchase price of AAC to the fair value of the assets and liabilities acquired:

(in thousands)	April 8, 2016
Assets acquired
Accounts receivable		$15,688
Inventories		17,715
Prepaid expenses and other current assets		402
Property, plant and equipment		81,701
Intangibles		59,360
Goodwill		67,034
Total assets acquired		$241,900

Liabilities assumed
Accounts payable		$8,745
Accrued liabilities		2,364
Capital lease obligation		16,927
Deferred income taxes		25,318
Other noncurrent liabilities		1,546
Total liabilities assumed		$54,900

Net assets acquired		$187,000

Schedule of Consolidated Statement of Income

The Consolidated Statement of Income for the third quarter of 2016 includes the cumulative effect of adjusting the provisional amounts, as illustrated in the table below:

(in thousands)	Increase / (decrease) to provisional amount		Additional expense / (income) in third quarter		Expense / (income) recognized in third quarter which relates to second quarter		Line item in the Statement of income affected
Assets:
Accounts receivable, net	($576	)	$ -		$ -
Inventories, net	(12,024	)	(2,291	)	(1,282	)	Cost of goods sold
Property, plant and equipment, net	(4,101	)	1,096		548		Cost of goods sold


Liabilities:
Obligation under capital lease	(6,888	)	(325	)	(115	)	Interest expense
Deferred income tax liabilities	25,318		-		-
Other noncurrent liabilities	577		18		8		Interest expense

Net increase to goodwill	$35,708

Net increase to income before income taxes			$(1,502	)	$(841	)

Schedule of Operational Results of Acquired Business

The following table presents operational results of AAC that are included in the Consolidated Statements of Income:

(in thousands, except per share amounts)	Three months ended September 30, 2016		April 8 to September 30, 2016
Net sales	$20,354		$45,990
Operating income/(loss)	(1,460	)	249
Income/(loss) before income taxes	(1,642	)	(377	)
Net loss attributable to the Company	(985	)	(226	)

Loss per share:
Basic	($0.03	)	($0.01	)
Diluted	($0.03	)	($0.01	)

Schedule of Proforma Statement of Operations

This pro forma information does not purport to represent what the Company’s actual results would have been if the acquisitions had occurred as of the date indicated, or what such results would be for any future periods.

	Unaudited - Pro forma
	Three months ended September 30,				Nine months ended September 30,
(in thousands, except per share amounts)	2016		2015		2016		2015

Combined Net sales	$191,272		$198,193		$588,978		$591,181

Combined Income before income taxes	$20,897		$23,552		$59,812		$42,909

Pro forma increase/(decrease) to income before income taxes:
Acquisition expenses	-		-		5,367		-
Interest expense related to purchase price	-		(1,283	)	(1,382	)	(3,850	)

Purchase accounting adjustments:
Depreciation and amortization on property, plant and equipment, and intangible assets	548		(1,821	)	(1,919	)	(4,367	)
Valuation of contract inventories	(1,282	)	970		1,109		2,939
Interest expense on asset retirement obligation	8		(8	)	(8	)	(25	)
Interest expense on capital lease obligation	(115	)	115		339		346
Pro forma Income before income taxes	20,056		21,525		63,318		37,952

Pro forma Net Income attributable to the Company	$12,461		$8,432		$40,506		$18,417

Reportable Segments and Geographic Data (Tables)

9 Months Ended

Sep. 30, 2016

Segment Reporting [Abstract]

Schedule of Financial Data by Reporting Segment

The following tables show data by reportable segment, reconciled to consolidated totals included in the financial statements:

	Three months ended September 30,				Nine months ended September 30,
(in thousands)	2016		2015		2016		2015
Net sales
Machine Clothing	$143,248		$154,522		$437,445		463,577
Albany Engineered Composites	48,024		24,267		129,348		68,625
Consolidated total	$191,272		$178,789		$566,793		$532,202
Operating income/(loss)
Machine Clothing	$40,039		$41,956		$112,583		$110,969
Albany Engineered Composites	(4,529	)	(4,191	)	(14,083	)	(26,635	)
Corporate expenses	(10,690	)	(11,922	)	(33,554	)	(35,304	)
Operating income	24,820		25,843		64,946		49,030
Reconciling items:
Interest income	(675	)	(428	)	(1,347	)	(1,205	)
Interest expense	4,356		3,099		10,957		9,254
Other income, net	242		1,249		(2,103	)	784
Income before income taxes	$20,897		$21,923		$57,439		$40,197

Schedule of Restructuring Costs by Reporting Segment

The table below presents restructuring costs by reportable segment (also see Note 5):

Three months ended
September 30,

Nine months ended
June 30,

(in thousands)

2016

2015

2016

2015

Restructuring expenses, net

Machine Clothing

($212

)

$3,717

$5,921

$13,929

Albany Engineered Composites

640

1,787

Corporate expenses

(102

)

(55

)

Consolidated total

$326

$3,717

$7,653

$13,929

Pensions and Other Postretirement Benefit Plans (Tables)

9 Months Ended

Sep. 30, 2016

Compensation and Retirement Disclosure [Abstract]

Schedule of Net Periodic Benefit Plan Cost

The composition of the net periodic benefit plan cost for the nine months ended September 30, 2016 and 2015 was as follows:

	Pension plans				Other postretirement benefits
(in thousands)	2016		2015		2016		2015
Components of net periodic benefit cost:
Service cost	$1,991		$2,268		$190		$250
Interest cost	6,110		5,779		1,832		1,831
Expected return on assets	(6,763	)	(6,418	)	-		-
Curtailment gain	(130	)	-		-		-
Amortization of prior service cost/(credit)	28		36		(3,366	)	(3,366	)
Amortization of net actuarial loss	1,756		1,924		2,114		2,504
Net periodic benefit cost	$2,992		$3,589		$770		$1,219

Restructuring (Tables)

9 Months Ended

Sep. 30, 2016

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)

2016

2015

2016

2015

Machine Clothing

($212

)

$3,717

$5,921

$13,929

Albany Engineered Composites

640

1,787

Corporate Expenses

(102

)

(55

)

Total

$326

$3,717

$7,653

$13,929

Nine months ended September 30, 2016 (in thousands)	Total restructuring costs incurred		Termination and other costs		Impairment of plant and equipment	Benefit plan curtailment/ settlement
Machine Clothing	$5,921		$5,751		$300	$(130	)
Albany Engineered Composites	1,787		1,498		289	-
Corporate Expenses	(55	)	(55	)	-	-
Total	$7,653		$7,194		$589	$(130	)

Nine months ended September 30, 2015 (in thousands)	Total restructuring costs incurred	Termination and other costs	Impairment of plant and equipment	Benefit plan curtailment/ settlement
Machine Clothing	$13,929	$10,704	$3,225	$-
Albany Engineered Composites	-	-	-	-
Corporate Expenses	-	-	-	-
Total	$13,929	$10,704	$3,225	$-

Schedule of Restructuring Liability

The table below presents the year-to-date changes in restructuring liabilities for 2016 and 2015, all of which related to termination costs:

(in thousands)		December 31, 2015			Restructuring charges accrued			Payments			Currency translation/other			September 30, 2016
Total termination costs		$10,177			$7,194			($9,862	)		$2			$7,511

(in thousands)		December 31, 2014			Restructuring charges accrued			Payments			Currency translation/other			September 30, 2015
Total termination costs		$1,874			$10,607			($10,637	)		$96			$1,940

Other Income, net (Tables)

9 Months Ended

Sep. 30, 2016

Other Income and Expenses [Abstract]

Other Income, net

The components of other (income)/expense, net are:

	Three months ended September 30,			Nine months ended September 30,
(in thousands)	2016		2015	2016		2015
Currency transaction (gains)/losses	($312	)	$953	($2,361	)	$404
Bank fees and amortization of debt issuance costs	106		219	652		764
Gain on sale of investment	-		-	-		(872	)
Other	448		77	(394	)	488
Total	$242		$1,249	($2,103	)	$784

Income Taxes (Tables)

9 Months Ended

Sep. 30, 2016

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense

The following table presents components of income tax expense for the three and nine months ended September 30, 2016 and 2015:

	Three months ended September 30,				Nine months ended September 30,
(in thousands)	2016		2015		2016		2015
Income tax based on income from continuing operations, at estimated tax rates of 37.5% in 2016 and 38.0% in 2015	$7,838		$8,331		$21,545		$15,285
Effect of change in estimated tax rate	(424	)	(1,002	)	-		-
Income tax expense before discrete items	7,414		7,329		21,545		15,285

Discrete tax expense/(benefit):
Provision for/resolution of tax audits and contingencies, net	-		4,521		(825	)	4,505
Adjustments to prior period tax liabilities	(11	)	(581	)	(254	)	(641	)
Other discrete tax adjustments, net	85		968		113		1,152
Enacted tax legislation	-		6		34		97
Total income tax expense	$7,488		$12,243		$20,613		$20,398

Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2016

Earnings Per Share [Abstract]

Schedule Computing Earnings Per Share

The amounts used in computing earnings per share and the weighted average number of shares of potentially dilutive securities are as follows:

Three months ended
September 30,

Nine months ended
September 30,

(in thousands, except market price and earnings per share)

2016

2015

2016

2015

Net income attributable to the Company

$13,069

$9,658

$36,937

$19,699

Weighted average number of shares:

Weighted average number of shares used in

calculating basic net income per share

32,104

32,012

32,079

31,965

Effect of dilutive stock-based compensation plans:

Stock options

Weighted average number of shares used in

calculating diluted net income per share

32,141

32,055

32,118

32,028

Average market price of common stock used

for calculation of dilutive shares

$42.03

$33.89

$38.97

$37.10

Earnings per share attributable to Company shareholders:

Basic

$0.41

$0.30

$1.15

$0.62

Diluted

$0.41

$0.30

$1.15

$0.62

Noncontrolling Interest (Tables)

9 Months Ended

Sep. 30, 2016

Noncontrolling Interest [Abstract]

Schedule of Income Attributable to Noncontrolling Interest and Noncontrolling Equity

The table below presents a reconciliation of income attributable to the noncontrolling interest and noncontrolling equity:

	Nine months ended September 30,
(in thousands)	2016		2015
Net (loss)/income of Albany Safran Composites (ASC)	($374	)	$1,747
Less: Return attributable to the Company's preferred holding	732		748
Net (loss)/income of ASC available for common ownership	($1,106	)	$999
Ownership percentage of noncontrolling shareholder	10	%	10	%
Net (loss)/income attributable to noncontrolling interest	($111	)	$100

Noncontrolling interest, beginning of year	$3,690		$3,699
Net (loss)/income attributable to noncontrolling interest	(111	)	100
Changes in other comprehensive income attributable to noncontrolling interest	(1	)	1
Noncontrolling interest	$3,578		$3,800

Accumulated Other Comprehensive Income (AOCI) (Tables)

9 Months Ended

Sep. 30, 2016

Accumulated items of other comprehensive income:

Schedule of Accumulated Other Comprehensive Income

The table below presents changes in the components of AOCI for the period December 31, 2015 to September 30, 2016:

(in thousands)	Translation adjustments		Pension and postretirement liability adjustments		Derivative valuation adjustment		Total Other Comprehensive Income
December 31, 2015	($108,655	)	($48,725	)	($1,464	)	($158,844	)
Other comprehensive income/(loss) before reclassifications	2,216		330		(4,300	)	(1,754	)
Interest expense related to swaps reclassified to the Statement of Income, net of tax	-		-		1,045		1,045
Pension and postretirement liability adjustments reclassified to Statement of Income, net of tax	-		372		-		372
Net current period other comprehensive income/(loss)	2,216		702		(3,255	)	(337	)
September 30, 2016	($106,439	)	($48,023	)	($4,719	)	($159,181	)

The table below presents changes in the components of AOCI for the period December 31, 2014 to September 30, 2015:

(in thousands)	Translation adjustments		Pension and postretirement liability adjustments		Derivative valuation adjustment		Total Other Comprehensive Income
December 31, 2014	($55,240	)	($51,666	)	($861	)	($107,767	)
Other comprehensive income/(loss) before reclassifications	(44,316	)	1,735		(2,374	)	(44,955	)
Interest expense related to swaps reclassified to the Statement of Income, net of tax	-		-		939		939
Pension and postretirement liability adjustments reclassified to Statement of Income, net of tax	-		714		-		714
Net current period other comprehensive income/(loss)	(44,316	)	2,449		(1,435	)	(43,302	)
September 30, 2015	($99,556	)	($49,217	)	($2,296	)	($151,069	)

Schedule of Accumulated Other Comprehensive Income Components Reclassified to Statement of Income

The table below presents the expense/(income) amounts reclassified, and the line items of the Consolidated Statements of Income that were affected for the periods ended September 30, 2016 and 2015.

	Three months ended September 30,				Nine months ended September 30,
(in thousands)	2016		2015		2016		2015
Pretax Derivative valuation reclassified from Accumulated Other Comprehensive Income:
Payments made on interest rate swaps included in Income before taxes(a)	$1,100		$587		$1,686		$1,540
Income tax effect	(418	)	(229	)	(641	)	(601	)
Effect on net income due to items reclassified from Accumulated Other Comprehensive Income	$682		$358		$1,045		$939

Pretax pension and postretirement liabilities reclassified from Accumulated Other Comprehensive Income:
Amortization of prior service credit	($1,113	)	($1,110	)	($3,338	)	($3,330	)
Amortization of net actuarial loss	1,296		1,462		3,870		4,428
Total pretax amount reclassified (b)	183		352		532		1,098
Income tax effect	(55	)	(123	)	(160	)	(384	)
Effect on net income due to items reclassified from Accumulated Other Comprehensive Income	$128		$229		$372		$714

(a)

Included in Interest expense.

(b)

These accumulated other comprehensive income/(loss) components are included in the computation of net periodic pension cost (see Note 4).

Accounts Receivable (Tables)

9 Months Ended

Sep. 30, 2016

Receivables [Abstract]

Schedule of Accounts Receivable

As of September 30, 2016 and December 31, 2015, Accounts receivable consisted of the following:

(in thousands)	September 30, 2016		December 31, 2015
Trade and other accounts receivable	$149,403		$123,179
Bank promissory notes	17,293		15,845
Revenue in excess of progress billings	11,626		15,889
Allowance for doubtful accounts	(7,583	)	(8,530	)
Total accounts receivable	$170,739		$146,383

Inventories (Tables)

9 Months Ended

Sep. 30, 2016

Inventory Disclosure [Abstract]

Schedule of Inventories

As of September 30, 2016 and December 31, 2015, inventories consisted of the following:

(in thousands)	September 30, 2016	December 31, 2015
Raw materials	$37,278	$27,636
Work in process	59,351	41,823
Finished goods	42,059	36,947
Total inventories	$138,688	$106,406

Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in Intangible Assets and Goodwill

The changes in intangible assets and goodwill from December 31, 2015 to September 30, 2016, were as follows:

(in thousands)	December 31, 2015	Assets acquired April 8, 2016	Amortization		Currency Translation	September 30, 2016

Amortized intangible assets:
AEC trade names	$25	$-	$(4	)	$-	$21
AEC technology	129	-	(19	)	-	110
Customer relationships	-	40,740	(1,354	)	-	39,386
Customer contracts	-	16,900	(62	)	-	16,838
Other intangibles	-	1,720	(1,031	)	-	689
Total amortized intangible assets	$154	$59,360	($2,470	)	$-	$57,044

Unamortized intangible assets:
MC Goodwill	$66,373	$-	$-		$1,317	$67,690
AEC Goodwill	-	67,034	-		-	67,034
Total unamortized intangible assets:	$66,373	$67,034	$-		$1,317	$134,724

Schedule of Estimated Amortization Expense

Based on the preliminary valuation, estimated amortization expense of intangibles for the years ending December 31, 2016 through 2020, is as follows:

		Annual amortization
Year		(in thousands)
2016		$3,749
2017		5,119
2018		5,119
2019		5,119
2020		5,119

Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2016

Long-term Debt and Capital Lease Obligations [Abstract]

Schedule of Long-Term Debt

Long-term debt, principally to banks and bondholders, consists of:

(in thousands, except interest rates)	September 30, 2016		December 31, 2015

Private placement with a fixed interest rate of 6.84%, due 2017	$50,000		$50,000

Credit agreement with borrowings outstanding at an end of period interest rate of 2.53% in 2016 and 2.36% in 2015 (including the effect of interest rate hedging transactions, as described below)	425,000		215,000

Various notes and mortgages, at an average end of period rate of 5.50% in 2016 and 2015, due in varying amounts through 2021	84		96

Obligation under capital lease, matures 2022	16,381		-

Long-term debt	491,465		265,096

Less: current portion	(1,462	)	(16	)

Long-term debt, net of current portion	$490,003		$265,080

Schedule of Future Minimum Annual Capital Lease Obilgations

The following schedule presents future minimum annual lease payments under the capital lease obligation and the present value of the minimum lease payments, as of September 30, 2016.

Years ending December 31,	(in thousands)

2016		$674
2017		2,696
2018		2,743
2019		2,743
2020		2,790
Thereafter		5,628
Total minimum lease payments		17,274
Less: Amount representing interest		(893	)

Present value of minimum lease payments		$16,381

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=64930739&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28541-108399

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

+ Details

Fair-Value Measurements (Tables)

9 Months Ended

Sep. 30, 2016

Fair Value Disclosures [Abstract]

Schedule of Fair Value of Financial Assets and Liabilities

	September 30, 2016					December 31, 2015
(in thousands)	Quoted prices in active markets (Level 1)		Significant other observable inputs (Level 2)		Unobservable inputs (Level 3)	Quoted prices in active markets (Level 1)	Significant other observable inputs (Level 2)		Unobservable inputs (Level 3)
Fair Value
Assets:
Cash equivalents	$22,274		$-		$-	$5,189	$-		$-
Asset held for sale	-		-		5,179	-	-		4,988
Prepaid expenses and other current assets:
Foreign currency options	-		148		-	-	-		-
Other Assets:
Common stock of unaffiliated foreign public company	762	^(a)	-		-	819	-		-
Liabilities:
Other noncurrent liabilities:
Interest rate swaps	-		(2,951	)^(b)		-	(2,400	)^(c)

(a)

Original cost basis $0.5 million

(b)

Net of $13.8 million receivable floating leg and $16.8 million liability fixed leg

(c)

Net of $7.4 million receivable floating leg and $9.8 million liability fixed leg

Schedule of (Losses)/Gains on Changes in Fair Value of Derivative Instruments

Gains/(losses) related to changes in fair value of derivative instruments that were recognized in Other (income)/expenses, net in the Consolidated Statements of Income were as follows:

Three months ended
September 30,

Nine months ended
September 30,

(in thousands)

2016

2015

2016

2015

Derivatives not designated as hedging instruments

Foreign currency options

($218

)

$25

$237

$150

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details

Contingencies (Tables)

9 Months Ended

Sep. 30, 2016

Schedule of Changes in Claims

The following table sets forth the number of claims filed, the number of claims settled, dismissed or otherwise resolved, and the aggregate settlement amount during the periods presented:

Year ended December 31,	Opening Number of Claims	Claims Dismissed, Settled, or Resolved	New Claims	Closing Number of Claims	Amounts Paid (thousands) to Settle or Resolve
2005	29,411	6,257	1,297	24,451	$504
2006	24,451	6,841	1,806	19,416	3,879
2007	19,416	808	190	18,798	15
2008	18,798	523	110	18,385	52
2009	18,385	9,482	42	8,945	88
2010	8,945	3,963	188	5,170	159
2011	5,170	789	65	4,446	1,111
2012	4,446	90	107	4,463	530
2013	4,463	230	66	4,299	78
2014	4,299	625	147	3,821	437
2015	3,821	116	86	3,791	164
As of September 30, 2016	3,791	127	89	3,753	$733

Brandon Drying Fabrics, Inc. [Member]

Schedule of Changes in Claims

The following table sets forth the number of claims filed, the number of claims settled, dismissed or otherwise resolved, and the aggregate settlement amount during the periods presented:

Year ended December 31,	Opening Number of Claims	Claims Dismissed, Settled, or Resolved	New Claims	Closing Number of Claims	Amounts Paid (thousands) to Settle or Resolve
2005	9,985	642	223	9,566	$-
2006	9,566	1,182	730	9,114	-
2007	9,114	462	88	8,740	-
2008	8,740	86	10	8,664	-
2009	8,664	760	3	7,907	-
2010	7,907	47	9	7,869	-
2011	7,869	3	11	7,877	-
2012	7,877	12	2	7,867	-
2013	7,867	55	3	7,815	-
2014	7,815	87	2	7,730	-
2015	7,730	18	1	7,713	-
As of September 30, 2016	7,713	6	-	7,707	$-

- Definition

Tabular disclosure of the loss contingencies that were reported in the period or disclosed as of the balance sheet date.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=25496072&loc=d3e14472-108349

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 460
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6851643&loc=d3e12021-110248

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=25496072&loc=d3e14453-108349

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 460
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6851643&loc=d3e12053-110248

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=25496072&loc=d3e14394-108349

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=25496072&loc=d3e14435-108349

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=25496072&loc=d3e14326-108349

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=25496072&loc=d3e14557-108349

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=25496072&loc=d3e14615-108349

+ Details

Changes in Shareholders' Equity (Tables)

9 Months Ended

Sep. 30, 2016

Stockholders' Equity Note [Abstract]

Schedule of Activity in Shareholders' Equity

The following table summarizes changes in Shareholders’ Equity:

(in thousands)	Common Stock Class A and B	Additional paid in capital	Retained earnings		Accumulated items of other comprehensive income/(loss)		Treasury stock		Noncontrolling Interest		Total Equity
December 31, 2015	$40	$423,108	$491,950		($158,844	)	($257,391	)	$3,690		$502,553
Net income	-	-	36,937		-		-		(111	)	36,826
Compensation and benefits paid or payable in shares	-	1,447	-		-		-		-		1,447
Options exercised	-	570	-		-		-		-		570
Shares issued to Directors'	-	190	-		-		245		-		435
Dividends declared	-	-	(16,370	)	-		-		-		(16,370	)
Cumulative translation adjustments	-	-	-		2,216		-		(1	)	2,215
Pension and postretirement liability adjustments	-	-	-		702		-		-		702
Derivative valuation adjustment	-	-	-		(3,255	)	-		-		(3,255	)
September 30, 2016	$40	$425,315	$512,517		($159,181	)	($257,146	)	$3,578		$525,123

Business Acquisition (Narrative) (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
	Apr. 08, 2016	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015	Jun. 18, 2015
Business Acquisition [Line Items]
Cash consideration for acquisition				$ 187,000
Goodwill		134,724		134,724		$ 66,373
Credit Agreement [Member]
Business Acquisition [Line Items]
Proceeds from unsecured credit facility agreement	$ 550,000						$ 400,000
Harris Corporation's Composite Aerostructures Division [Member]
Business Acquisition [Line Items]
Cash consideration for acquisition	187,000
Goodwill	67,000
Albany Aerostructures Composites LLC (AAC) [Member]
Business Acquisition [Line Items]
Goodwill	67,034
Accounts receivables	$ 15,688	$ 3,200		$ 3,200

Business Acquisition (Summary of the provisional allocation of the purchase price of AAC) (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Apr. 08, 2016	Dec. 31, 2015
Assets acquired
Goodwill	$ 134,724		$ 66,373
Albany Aerostructures Composites LLC (AAC) [Member]
Assets acquired
Accounts receivable	$ 3,200	$ 15,688
Inventories		17,715
Prepaid expenses and other current assets		402
Property, plant and equipment		81,701
Intangibles		59,360
Goodwill		67,034
Total assets acquired		241,900
Liabilities assumed
Accounts payable		8,745
Accrued liabilities		2,364
Capital lease obligation		16,927
Deferred income taxes		25,318
Other noncurrent liabilities		1,546
Total liabilities assumed		54,900
Net assets acquired		$ 187,000

Business Acquisition (Adjustments of provisional amounts) (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended	9 Months Ended
	Sep. 30, 2016	Jun. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2016	Sep. 30, 2015
Increase/ (decrease) in provisional amount of accounts receivable	$ (4,794)		$ (5,100)		$ 6,492	$ 4,387
Increase/ (decrease) in provisional amount of inventories, net	5,511		3,626		12,886	10,757
Increase/ (decrease) in provisional amount of property, plant and equipment, net	(16,470)		(12,953)		(44,736)	(39,850)
Additional cost of goods sold expense / (income)	118,852		103,045		343,557	325,382
Net increase to income before income taxes	(20,897)		$ (21,923)		$ (57,439)	$ (40,197)
Albany Aerostructures Composites LLC (AAC) [Member]
Net increase to income before income taxes	1,642			$ 377
Albany Aerostructures Composites LLC (AAC) [Member] \| Restatement Adjustment [Member]
Increase/ (decrease) in provisional amount of accounts receivable	(576)
Increase/ (decrease) in provisional amount of inventories, net	(12,024)
Increase/ (decrease) in provisional amount of property, plant and equipment, net	(4,101)
Increase/ (decrease) to obligation under capital lease	(6,888)
Increase/ (decrease) to deferred income tax liabilities	25,318
Increase/ (decrease) to other noncurrent liabilities	577
Net increase to goodwill	35,708
Net increase to income before income taxes	(1,502)	$ (841)
Albany Aerostructures Composites LLC (AAC) [Member] \| Restatement Adjustment [Member] \| Inventory [Member]
Additional cost of goods sold expense / (income)	(2,291)	(1,282)
Albany Aerostructures Composites LLC (AAC) [Member] \| Restatement Adjustment [Member] \| Property, Plant and Equipment, Net [Member]
Additional cost of goods sold expense / (income)	1,096	548
Albany Aerostructures Composites LLC (AAC) [Member] \| Restatement Adjustment [Member] \| Capital Lease Obligations [Member]
Additional interest expense / (income)	(325)	(115)
Albany Aerostructures Composites LLC (AAC) [Member] \| Restatement Adjustment [Member] \| Other Noncurrent Liabilities [Member]
Additional interest expense / (income)	$ 18	$ 8

Business Acquisition (Summary of operational results of AAC) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2016	Sep. 30, 2015
Net sales	$ 191,272	$ 178,789		$ 566,793	$ 532,402
Operating income/(loss)	24,820	25,843		64,946	49,030
Income/(loss) before income taxes	20,897	21,923		57,439	40,197
Net loss attributable to the Company	$ 13,069	$ 9,658		$ 36,937	$ 19,699
Loss per share:
Basic	$ 0.41	$ 0.30		$ 1.15	$ 0.62
Diluted	$ 0.41	$ 0.30		$ 1.15	$ 0.62
Albany Aerostructures Composites LLC (AAC) [Member]
Net sales	$ 20,354		$ 45,990
Operating income/(loss)	(1,460)		249
Income/(loss) before income taxes	(1,642)		(377)
Net loss attributable to the Company	$ (985)		$ (226)
Loss per share:
Basic	$ (0.03)		$ (0.01)
Diluted	$ (0.03)		$ (0.01)

Business Acquisition (Summary of pro-forma information of AAC) (Details) - Albany Aerostructures Composites LLC (AAC) [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Combined Net sales	$ 191,272	$ 198,193	$ 588,978	$ 591,181
Combined Income before income taxes	20,897	23,552	59,812	42,909
Pro forma increase/(decrease) to income before income taxes:
Acquisition expenses			5,367
Interest expense related to purchase price		(1,283)	(1,382)	(3,850)
Purchase accounting adjustments:
Depreciation and amortization on property, plant and equipment, and intangible assets	548	(1,821)	(1,919)	(4,367)
Valuation of contract inventories	(1,282)	970	1,109	2,939
Interest expense on asset retirement obligation	8	(8)	(8)	(25)
Interest expense on capital lease obligation	(115)	115	339	346
Pro forma Income before income taxes	20,056	21,525	63,318	37,952
Pro forma Net Income attributable to the Company	$ 12,461	$ 8,432	$ 40,506	$ 18,417

Reportable Segments (Schedule of Financial Data by Reporting Segment) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Segment Reporting Information [Line Items]
Net sales	$ 191,272	$ 178,789	$ 566,793	$ 532,402
Operating income/(loss)	24,820	25,843	64,946	49,030
Interest expense	3,681	2,671	9,610	8,049
Other income, net	242	1,249	(2,103)	784
Income before income taxes	20,897	21,923	57,439	40,197
Total assets of the AEC segment increased			242,000
Capital expenditures including amounts that were included in accounts payable			53,800
Adjustment to capital expenditures and accounts payable amounts in cash flows to reflect non-cash amount			2,500
Acquisition related costs	5,400		5,400
Machine Clothing [Member]
Segment Reporting Information [Line Items]
Net sales	143,248	154,522	437,445	463,577
Operating income/(loss)	40,039	41,956	12,583	110,969
Albany Engineered Composites [Member]
Segment Reporting Information [Line Items]
Net sales	48,024	24,267	129,348	68,625
Operating income/(loss)	(4,529)	(4,191)	(14,083)	(26,635)
Corporate Expenses [Member]
Segment Reporting Information [Line Items]
Operating income/(loss)	(10,690)	(11,922)	(33,554)	(35,304)
Significant Reconciling Items [Member]
Segment Reporting Information [Line Items]
Interest income	(675)	(428)	(1,347)	(1,205)
Interest expense	4,356	3,099	10,957	9,254
Other income, net	$ 242	$ 1,249	$ (2,103)	$ 784

Reportable Segments (Schedule of Restructuring Costs by Reporting Segment) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Restructuring expense
Restructuring expenses, net	$ 326	$ 3,717	$ 7,653	$ 13,929
Machine Clothing [Member]
Restructuring expense
Restructuring expenses, net	(212)	3,717	5,921	13,929
Albany Engineered Composites [Member]
Restructuring expense
Restructuring expenses, net	640		1,787
Corporate Expenses [Member]
Restructuring expense
Restructuring expenses, net	$ (102)		$ (55)

Pensions and Other Postretirement Benefit Plans (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 1,991	$ 2,268
Interest cost	6,110	5,779
Expected return on assets	(6,763)	(6,418)
Curtailment gain	(130)
Amortization of prior service cost/(credit)	28	36
Amortization of net actuarial loss	1,756	1,924
Net periodic benefit cost	2,992	3,589
Other Postretirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	190	250
Interest cost	1,832	1,831
Expected return on assets
Curtailment gain
Amortization of prior service cost/(credit)	(3,366)	(3,366)
Amortization of net actuarial loss	2,114	2,504
Net periodic benefit cost	$ 770	$ 1,219

Restructuring (Narrative) (Details) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
Restructuring (Narrative) (Details) $ in Thousands	Sep. 30, 2016 USD ($)	Sep. 30, 2015 USD ($)	Sep. 30, 2016 USD ($) Positions	Sep. 30, 2015 USD ($)	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)
Reduction in positions from restructuring \| Positions			25
Accrued liabilities for restructuring charges	$ 600		$ 600
Restructuring reserve, noncurrent	2,000		2,000
Restructuring expenses, net	326	$ 3,717	7,653	$ 13,929
Scenario, Forecast [Member]
Payments for restructuring					$ 1,500	$ 600
Machine Clothing [Member]
Restructuring expenses, net	(212)	$ 3,717	$ 5,921	$ 13,929
Machine Clothing [Member] \| Relocation of Equipment From Germany [Member]
Restructuring expenses, net	$ 1,900

Restructuring (Schedule of Restructuring Charges) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Restructuring and other, net
Restructuring expenses, net	$ 326	$ 3,717	$ 7,653	$ 13,929
Termination and Other Costs [Member]
Restructuring and other, net
Restructuring expenses, net			7,194	10,704
Impairment of Plant and Equipment [Member]
Restructuring and other, net
Restructuring expenses, net			589	3,225
Benefit Plan Curtailment/ Settlement [Member]
Restructuring and other, net
Restructuring expenses, net			(130)
Machine Clothing [Member]
Restructuring and other, net
Restructuring expenses, net	(212)	3,717	5,921	13,929
Machine Clothing [Member] \| Termination and Other Costs [Member]
Restructuring and other, net
Restructuring expenses, net			5,751	10,704
Machine Clothing [Member] \| Impairment of Plant and Equipment [Member]
Restructuring and other, net
Restructuring expenses, net			300	3,225
Machine Clothing [Member] \| Benefit Plan Curtailment/ Settlement [Member]
Restructuring and other, net
Restructuring expenses, net			(130)
Albany Engineered Composites [Member]
Restructuring and other, net
Restructuring expenses, net	640		1,787
Albany Engineered Composites [Member] \| Termination and Other Costs [Member]
Restructuring and other, net
Restructuring expenses, net			1,498
Albany Engineered Composites [Member] \| Impairment of Plant and Equipment [Member]
Restructuring and other, net
Restructuring expenses, net			289
Albany Engineered Composites [Member] \| Benefit Plan Curtailment/ Settlement [Member]
Restructuring and other, net
Restructuring expenses, net
Corporate Expenses [Member]
Restructuring and other, net
Restructuring expenses, net	$ (102)		(55)
Corporate Expenses [Member] \| Termination and Other Costs [Member]
Restructuring and other, net
Restructuring expenses, net			(55)
Corporate Expenses [Member] \| Impairment of Plant and Equipment [Member]
Restructuring and other, net
Restructuring expenses, net
Corporate Expenses [Member] \| Benefit Plan Curtailment/ Settlement [Member]
Restructuring and other, net
Restructuring expenses, net

Restructuring (Schedule of Restructuring Liability) (Details) - Termination Costs [Member] - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Restructuring Reserve [Roll Forward]
Beginning balance	$ 10,177	$ 1,874
Restructuring charges accrued	7,194	10,607
Payments	(9,862)	(10,637)
Currency translation/other	2	96
Ending balance	$ 7,511	$ 1,940

Other Income, net (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Other Income, net (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Other Income and Expenses [Abstract]
Currency transaction (gains)/losses	$ (312)	$ 953	$ (2,361)	$ 404
Bank fees and amortization of debt issuance costs	106	219	652	764
Gain on sale of investment				(872)
Other	448	77	(394)	488
Total	$ 242	$ 1,249	$ (2,103)	$ 784

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2009	Apr. 30, 2016
Income Tax Disclosure [Line Items]
Net increase from the reevaluation of uncertain tax positions arising in examinations			$ 0
Net decrease from the reevaluation of uncertain tax positions arising in examinations			$ 2,300
Income Tax Expense Benefit Estimated Tax Rate			37.50%	38.00%
Final settlement with tax authority								$ 3,700
Earliest Tax Year [Member]
Income Tax Disclosure [Line Items]
Open tax years			2007
Latest Tax Year [Member]
Income Tax Disclosure [Line Items]
Open tax years			2015
Scenario, Plan [Member]
Income Tax Disclosure [Line Items]
Foreign Earnings Repatriated			$ 59,000
Federal Ministry of Finance, Germany [Member]
Income Tax Disclosure [Line Items]
Payment to taxing authority to pursue litigation							$ 14,500
Recognized current and deferred tax benefits			$ 500
Adjustment of certain deferred tax assets	$ 600	$ 5,800			$ 6,400	$ 6,300

Income Taxes (Schedule of Components of Income Tax Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Income tax based on income from continuing operations, at estimated tax rates of 37.5% in 2016 and 38.0% in 2015	$ 7,838	$ 8,331	$ 21,545	$ 15,285
Effect of change in estimated tax rate	(424)	(1,002)
Income tax expense before discrete items	7,414	7,329	21,545	15,285
Discrete tax expense/(benefit):
Provision for/resolution of tax audits and contingencies, net		4,521	(825)	4,505
Adjustments to prior period tax liabilities	(11)	(581)	(254)	(641)
Other discrete tax adjustments, net	85	968	113	1,152
Enacted tax legislation		6	34	97
Total income tax expense	$ 7,488	$ 12,243	$ 20,613	$ 20,398

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Earnings Per Share [Abstract]
Net income attributable to the Company	$ 13,069	$ 9,658	$ 36,937	$ 19,699
Weighted average number of shares:
Weighted average number of shares used in calculating basic net income per share	32,104	32,012	32,079	31,965
Effect of dilutive stock-based compensation plans:
Stock options	37	43	39	63
Weighted average number of shares used in calculating diluted net income per share	32,141	32,055	32,118	32,028
Average market price of common stock used for calculation of dilutive shares	$ 42.03	$ 33.89	$ 38.97	$ 37.10
Earnings per share attributable to Company shareholders:
Basic	0.41	0.30	1.15	0.62
Diluted	$ 0.41	$ 0.30	$ 1.15	$ 0.62

Noncontrolling Interest (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Noncontrolling Interest (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Noncontrolling Interest [Line Items]
Net (loss)/income of Albany Safran Composites (ASC)	$ 13,409	$ 9,680	$ 36,826	$ 19,799
Net (loss)/income of ASC available for common ownership	13,069	9,658	36,937	19,699
Net (loss)/income attributable to noncontrolling interest	340	22	(111)	100
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Noncontrolling interest, beginning of year			3,690
Net (loss)/income attributable to noncontrolling interest	340	$ 22	(111)	100
Noncontrolling interest	$ 3,578		3,578
Albany Safran Composites, LLC [Member]
Noncontrolling Interest [Line Items]
Net (loss)/income of Albany Safran Composites (ASC)			(374)	1,747
Less: Return attributable to the Company's preferred holding			732	748
Net (loss)/income of ASC available for common ownership			$ (1,106)	$ 999
Ownership percentage of noncontrolling shareholder	10.00%	10.00%	10.00%	10.00%
Net (loss)/income attributable to noncontrolling interest			$ (111)	$ 100
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Noncontrolling interest, beginning of year			3,690	3,699
Net (loss)/income attributable to noncontrolling interest			(111)	100
Changes in other comprehensive income attributable to noncontrolling interest			(1)	1
Noncontrolling interest	$ 3,578	$ 3,800	$ 3,578	$ 3,800

Accumulated Other Comprehensive Income (AOCI) (Schedule of Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ 498,863
Ending balance	521,545
Translation Adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(108,655)	$ (55,240)
Other comprehensive income/(loss) before reclassifications	2,216	(44,316)
Interest expense related to swaps reclassified to the Statement of Income, net of tax
Pension and postretirement liability adjustments reclassified to Statement of Income, net of tax
Net current period other comprehensive income/(loss)	2,216	(44,316)
Ending balance	(106,439)	(99,556)
Pension and Postretirement Liability Adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(48,725)	(51,666)
Other comprehensive income/(loss) before reclassifications	330	1,735
Interest expense related to swaps reclassified to the Statement of Income, net of tax
Pension and postretirement liability adjustments reclassified to Statement of Income, net of tax	372	714
Net current period other comprehensive income/(loss)	702	2,449
Ending balance	(48,023)	(49,217)
Derivative Valuation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(1,464)	(861)
Other comprehensive income/(loss) before reclassifications	(4,300)	(2,374)
Interest expense related to swaps reclassified to the Statement of Income, net of tax	1,045	939
Pension and postretirement liability adjustments reclassified to Statement of Income, net of tax
Net current period other comprehensive income/(loss)	(3,255)	(1,435)
Ending balance	(4,719)	(2,296)
Accumulated Other Comprehensive Income (Loss) [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(158,844)	(107,767)
Other comprehensive income/(loss) before reclassifications	(1,754)	(44,955)
Interest expense related to swaps reclassified to the Statement of Income, net of tax	1,045	939
Pension and postretirement liability adjustments reclassified to Statement of Income, net of tax	372	714
Net current period other comprehensive income/(loss)	(337)	(43,302)
Ending balance	$ (159,181)	$ (151,069)

Accumulated Other Comprehensive Income (AOCI) (Schedule of Items Reclassified to Statement of Income) (Details) - USD ($)
$ in Thousands

3 Months Ended

9 Months Ended

Sep. 30, 2016

Sep. 30, 2015

Sep. 30, 2016

Sep. 30, 2015

Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]

Payments made on interest rate swaps included in income before taxes

$ 3,681

$ 2,671

$ 9,610

$ 8,049

Income before income taxes

20,897

21,923

57,439

40,197

Income tax effect

7,488

12,243

20,613

20,398

Effect on net income due to items reclassified from Accumulated Other Comprehensive Income

(13,069)

(9,658)

(36,937)

(19,699)

Reclassification out of Accumulated Other Comprehensive Income [Member] | Derivative Valuation Adjustment [Member]

Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]

Payments made on interest rate swaps included in income before taxes

^[1]

1,100

587

1,686

1,540

Income tax effect

(418)

(229)

(641)

(601)

Effect on net income due to items reclassified from Accumulated Other Comprehensive Income

682

358

1,045

939

Reclassification out of Accumulated Other Comprehensive Income [Member] | Pension and Postretirement Liability Adjustments [Member]

Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]

Income before income taxes

^[2]

183

352

532

1,098

Income tax effect

(55)

(123)

(160)

(384)

Effect on net income due to items reclassified from Accumulated Other Comprehensive Income

128

229

372

714

Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Defined Benefit Plans Adjustment, Net Prior Service Cost (Credit) [Member]

Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]

Income before income taxes

(1,113)

(1,110)

(3,338)

(3,330)

Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Defined Benefit Plans Adjustment, Net Unamortized Gain (Loss) [Member]

Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]

Income before income taxes

$ 1,296

$ 1,462

$ 3,870

$ 4,428

[1]	Included in Interest expense.
[2]	These accumulated other comprehensive income/(loss) components are included in the computation of net periodic pension cost (see Note 4).

Accounts Receivable (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Receivables [Abstract]
Trade and other accounts receivable	$ 149,403	$ 123,179
Bank promissory notes	17,293	15,845
Revenue in excess of progress billings	11,626	15,889
Allowance for doubtful accounts	(7,583)	(8,530)
Total accounts receivable	$ 170,739	$ 146,383

Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Inventory Disclosure [Abstract]
Raw materials	$ 37,278	$ 27,636
Work in process	59,351	41,823
Finished goods	42,059	36,947
Total inventories	$ 138,688	$ 106,406

Goodwill and Other Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands		9 Months Ended
	Apr. 08, 2016	Sep. 30, 2016	Dec. 31, 2015
Goodwill		$ 134,724	$ 66,373
Customer Relationships [Member]
Estimated useful life		19 years
Customer Contracts [Member]
Estimated useful life		6 years
Other Intangible Assets [Member] \| Minimum [Member]
Estimated useful life		7 years
Other Intangible Assets [Member] \| Maximum [Member]
Estimated useful life		22 years
Harris Corporation's Composite Aerostructures Division [Member]
Acquired amortizable intangible assets	$ 59,400
Goodwill	$ 67,000

Goodwill and Other Intangible Assets (Schedule of Changes in Intangible Assets and Goodwill) (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2016 USD ($)
Amortized intangible assets:
Beginning balance	$ 154
Assets Acquired	59,360
Amortization	(2,470)
Currency Translation
Ending balance	57,044
Goodwill
Beginning balance	66,373
Assets Acquired Aprill 8, 2016	66,373
Amortization
Currency Translation	1,317
Ending balance	134,724
AEC Trade Names [Member]
Amortized intangible assets:
Beginning balance	25
Assets Acquired
Amortization	(4)
Currency Translation
Ending balance	21
AEC Technology [Member]
Amortized intangible assets:
Beginning balance	129
Assets Acquired
Amortization	(19)
Currency Translation
Ending balance	110
Customer Relationships [Member]
Amortized intangible assets:
Beginning balance
Assets Acquired	40,740
Amortization	1,354
Currency Translation
Ending balance	39,386
Customer Contracts [Member]
Amortized intangible assets:
Beginning balance
Assets Acquired	16,900
Amortization	(62)
Currency Translation
Ending balance	16,838
Other Intangible Assets [Member]
Amortized intangible assets:
Beginning balance
Assets Acquired	1,720
Amortization	(1,031)
Currency Translation
Ending balance	689
MC Goodwill [Member]
Goodwill
Beginning balance	66,373
Assets Acquired Aprill 8, 2016
Amortization
Currency Translation	1,317
Ending balance	67,690
AEC Goodwill [Member]
Goodwill
Beginning balance
Assets Acquired Aprill 8, 2016	67,034
Amortization
Currency Translation
Ending balance	$ 67,034

Goodwill and Other Intangible Assets (Schedule of Estimated Amortization Expense) (Details) $ in Thousands	Sep. 30, 2016 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2016	$ 3,749
2017	5,119
2018	5,119
2019	5,119
2020	$ 5,119

Financial Instruments (Narrative) (Details) - USD ($) $ in Thousands		9 Months Ended
	Mar. 16, 2016	Sep. 30, 2016	Jun. 16, 2016	May 09, 2016	May 06, 2016	Apr. 08, 2016	Dec. 31, 2015	Jun. 18, 2015
Debt Instrument [Line Items]
Maximum leverage ratio allowed		3.50
Minimum interest coverage ratio required		3.00
Leverage ratio		2.38
Interest coverage ratio		12.93
AAC [Member]
Debt Instrument [Line Items]
Interest rate		6.08%
Maturity date		Dec. 31, 2022
Private Placement, Notes [Member]
Debt Instrument [Line Items]
Interest rate		6.84%					6.84%
Maturity date		Oct. 25, 2017
Payment required on October 25, 2017		$ 50,000
Fair value of long-term debt		53,500
Credit Agreement [Member]
Debt Instrument [Line Items]
Amount of credit facility						$ 550,000		$ 400,000
Amount of credit facility outstanding		425,000
Additional amount that can be borrowed on facility		$ 125,000
LIBOR spread	1.50%
Interest rate at end of period		2.53%					2.36%
Credit Agreement [Member] \| Interest Rate Current Swap [Member]
Debt Instrument [Line Items]
Borrowings, revolving credit facility					$ 120,000
Notional amount			$ 300,000	$ 300,000
Fixed interest rate in swap			2.745%	1.245%
LIBOR rate			0.53%
Amount paid to terminate agreement					$ 5,200
Credit Agreement [Member] \| Minimum [Member]
Debt Instrument [Line Items]
LIBOR spread		1.25%
Credit Agreement [Member] \| Maximum [Member]
Debt Instrument [Line Items]
LIBOR spread		1.75%

Financial Instruments (Schedule of Long-Term Debt) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Long-term debt	$ 491,465	$ 265,096
Less: current portion	(1,462)	(16)
Long-term debt, net of current portion	490,003	265,080
Private Placement, Notes [Member]
Debt Instrument [Line Items]
Long-term debt	$ 50,000	$ 50,000
Interest rate	6.84%	6.84%
Maturity date range, end	Dec. 31, 2017
Credit Agreement [Member]
Debt Instrument [Line Items]
Long-term debt	$ 425,000	$ 215,000
Interest rate at end of period	2.53%	2.36%
Various Notes and Mortgages [Member]
Debt Instrument [Line Items]
Long-term debt	$ 84	$ 96
Interest rate at end of period	5.50%	5.50%
Maturity date range, end	Dec. 31, 2021
Capital Lease Obligations [Member]
Debt Instrument [Line Items]
Long-term debt	$ 16,381
Maturity date range, end	Dec. 31, 2022

Financial Instruments (Schedule of future minimum annual lease payments) (Details) $ in Thousands	Sep. 30, 2016 USD ($)
Long-term Debt and Capital Lease Obligations [Abstract]
2016	$ 674
2017	2,696
2018	2,743
2019	2,743
2020	2,790
Thereafter	5,628
Total minimum lease payments	17,274
Less: Amount representing interest	(893)
Present value of minimum lease payments	$ 16,381

Fair-Value Measurements (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Derivative [Line Items]
Interest expense	$ 3,681	$ 2,671	$ 9,610	$ 8,049
Interest Rate Current Swap [Member]
Derivative [Line Items]
Interest expense			1,200	1,500
Interest Rate Swap Buyouts [Member]
Derivative [Line Items]
Interest expense			$ 500

Fair-Value Measurements (Schedule of Fair Value of Financial Assets and Liabilities) (Details) - USD ($)
$ in Thousands

Sep. 30, 2016

Dec. 31, 2015

Interest Rate Current Swap [Member]

Derivative liability:

Liability for fixed rate leg

$ 16,800

$ 9,800

Receivable for floating rate leg

13,800

7,400

Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets (Level 1) [Member]

Assets:

Cash equivalents

22,274

5,189

Assets held for sale

Foreign currency options

Common stock of unaffiliated foreign public company

762

^[1]

819

Liabilities:

Interest rate swaps

Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member]

Assets:

Cash equivalents

Assets held for sale

Foreign currency options

148

Common stock of unaffiliated foreign public company

Liabilities:

Interest rate swaps

(2,951)

^[2]

(2,400)

^[3]

Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member]

Assets:

Cash equivalents

Assets held for sale

5,179

4,988

Foreign currency options

Common stock of unaffiliated foreign public company

Liabilities:

Interest rate swaps

[1]	Original cost basis $0.5 million
[2]	Net of $13.8 million receivable floating leg and $16.8 million liability fixed leg
[3]	Net of $7.4 million receivable floating leg and $9.8 million liability fixed leg

Fair-Value Measurements (Schedule of (Losses)/Gains on Changes in Fair Value of Derivative Instruments) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Fair Value Disclosures [Abstract]
(Losses)/gains recognized in income, net	$ (218)	$ 25	$ 237	$ 150

Contingencies (Schedule of Changes in Claims) (Details) - Asbestos Litigation [Member] $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2016 USD ($) claims	Dec. 31, 2015 USD ($) claims	Dec. 31, 2014 USD ($) claims	Dec. 31, 2013 USD ($) claims	Dec. 31, 2012 USD ($) claims	Dec. 31, 2011 USD ($) claims	Dec. 31, 2010 USD ($) claims	Dec. 31, 2009 USD ($) claims	Dec. 31, 2008 USD ($) claims	Dec. 31, 2007 USD ($) claims	Dec. 31, 2006 USD ($) claims	Dec. 31, 2005 USD ($) claims
Loss Contingencies [Line Items]
Opening Number of Claims	3,791	3,821	4,299	4,463	4,446	5,170	8,945	18,385	18,798	19,416	24,451	29,411
Claims Dismissed, Settled, or Resolved	127	116	625	230	90	789	3,963	9,482	523	808	6,841	6,257
New Claims	89	86	147	66	107	65	188	42	110	190	1,806	1,297
Closing Number of Claims	3,753	3,791	3,821	4,299	4,463	4,446	5,170	8,945	18,385	18,798	19,416	24,451
Amounts Paid (thousands) to Settle or Resolve ($) \| $	$ 733	$ 164	$ 437	$ 78	$ 530	$ 1,111	$ 159	$ 88	$ 52	$ 15	$ 3,879	$ 504
Brandon Drying Fabrics, Inc. [Member]
Loss Contingencies [Line Items]
Opening Number of Claims	7,713	7,730	7,815	7,867	7,877	7,869	7,907	8,664	8,740	9,114	9,566	9,985
Claims Dismissed, Settled, or Resolved	6	18	87	55	12	3	47	760	86	462	1,182	642
New Claims		1	2	3	2	11	9	3	10	88	730	223
Closing Number of Claims	7,707	7,713	7,730	7,815	7,867	7,877	7,869	7,907	8,664	8,740	9,114	9,566
Amounts Paid (thousands) to Settle or Resolve ($) \| $

Contingencies (Narrative) (Details) - Asbestos Litigation [Member] $ in Thousands	Sep. 30, 2016 USD ($) claims policies	Jan. 31, 2014	Dec. 31, 2003
Loss Contingencies [Line Items]
Total resolved claims, by means of settlement or dismissal \| claims	37,468
Total cost of resolution	$ 10,100
Resolution costs paid by insurance carrier	100.00%
Number of policies \| policies	23
Confirmed insurance coverage	$ 140,000
Policies Exhausted [Member]
Loss Contingencies [Line Items]
Number of policies \| policies	2
Other Available Policies [Member]
Loss Contingencies [Line Items]
Confirmed insurance coverage	$ 3,000
Brandon Drying Fabrics, Inc. [Member]
Loss Contingencies [Line Items]
Total resolved claims, by means of settlement or dismissal \| claims	9,899
Total cost of resolution	$ 200
Resolution costs paid by insurance carrier		100.00%	88.20%
Percent of resolution costs paid by entity			11.80%

Changes in Shareholders' Equity (Schedule of Activity in Shareholders' Equity) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Balance			$ 502,553
Net income	$ 13,409	$ 9,680	36,826	$ 19,799
Compensation and benefits paid or payable in shares			1,447
Options exercised			570
Shares issued to Directors'			435
Dividends declared			(16,370)
Cumulative translation adjustments			2,215
Pension and postretirement liability adjustments			702
Derivative valuation adjustment			(3,255)
Balance	525,123		525,123
Common Stock [Member]
Balance			40
Net income
Compensation and benefits paid or payable in shares
Options exercised
Shares issued to Directors'
Dividends declared
Cumulative translation adjustments
Pension and postretirement liability adjustments
Derivative valuation adjustment
Balance	40		40
Additional Paid-in Capital [Member]
Balance			423,108
Net income
Compensation and benefits paid or payable in shares			1,447
Options exercised			570
Shares issued to Directors'			190
Dividends declared
Cumulative translation adjustments
Pension and postretirement liability adjustments
Derivative valuation adjustment
Balance	425,315		425,315
Retained Earnings [Member]
Balance			491,950
Net income			36,937
Compensation and benefits paid or payable in shares
Options exercised
Shares issued to Directors'
Dividends declared			(16,370)
Cumulative translation adjustments
Pension and postretirement liability adjustments
Derivative valuation adjustment
Balance	512,517		512,517
Accumulated Other Comprehensive Income (Loss) [Member]
Balance			(158,844)
Net income
Compensation and benefits paid or payable in shares
Options exercised
Shares issued to Directors'
Dividends declared
Cumulative translation adjustments			2,216
Pension and postretirement liability adjustments			702
Derivative valuation adjustment			(3,255)
Balance	(159,181)		(159,181)
Treasury Stock [Member]
Balance			(257,391)
Net income
Compensation and benefits paid or payable in shares
Options exercised
Shares issued to Directors'			245
Dividends declared
Cumulative translation adjustments
Pension and postretirement liability adjustments
Derivative valuation adjustment
Balance	(257,146)		(257,146)
Noncontrolling Interest [Member]
Balance			3,690
Net income			(111)
Compensation and benefits paid or payable in shares
Options exercised
Shares issued to Directors'
Dividends declared
Cumulative translation adjustments			(1)
Pension and postretirement liability adjustments
Derivative valuation adjustment
Balance	$ 3,578		$ 3,578