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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.

Contract Assets and Liabilities

Contract Assets and Liabilities

12 Months Ended

Dec. 31, 2018

Contract Assets And Liabilities

12. Contract Assets and Liabilities

Contract assets and Contract liabilities are reported on the Consolidated Balance Sheets in a net position on a contract-by-contract basis at the end of each reporting period. Contract assets and contract liabilities were as follows:

(in thousands)

December 31,

2018

December 31,

2017

Contract assets

$57,447

$ -

Contract liabilities

9,025

Contract assets increased $10.0 million during the year ended December 31, 2018 as compared to the January 1, 2018 opening balance sheet, as adjusted for the adoption of ASC 606 (see Note 2). The increase was primarily due to an increase in unbilled revenue related to the satisfaction of performance obligations, in excess of the amounts billed to customers. There were no impairment losses related to our Contract assets during the year ended December 31, 2018.

Contract liabilities increased $5.8 million during the year ended December 31, 2018, as compared to the January 1, 2018 opening balance sheet, as adjusted for the adoption of ASC 606, primarily due to increased billings in excess of revenue recognized. Revenue recognized for the year ended December 31, 2018, that was included in the Contract liability balance at the beginning of the year was $3.2 million, and represented revenue in the MC and ASC reporting units.

Inventories

12 Months Ended

Dec. 31, 2018

Inventory Disclosure [Abstract]

Inventories

13. Inventories

As of December 31, 2018 and 2017, inventories consisted of the following:

(in thousands)	December 31, 2018	December 31, 2017
Raw materials	$40,489	$42,215
Work in process	33,181	65,448
Finished goods	12,234	28,856
Total inventories	$85,904	$136,519

Property, Plant and Equipment

12 Months Ended

Dec. 31, 2018

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

14. Property, Plant and Equipment

The table below sets forth the components of property, plant and equipment as of December 31, 2018 and 2017:

(in thousands)	2018		2017		Estimated useful life

Land and land improvements	$14,287		$14,853		25 years for improvements

Buildings	245,805		239,127		15 to 40 years

Machinery and equipment	989,925		950,519		5 to 15 years

Furniture and fixtures	8,091		8,861		5 years

Computer and other equipment	16,473		15,610		3 to 10 years

Software	60,182		57,847		5 to 8 years

Capital expenditures in progress	46,749		63,951

Property, plant and equipment, gross	1,381,512		1,350,768

Accumulated depreciation and amortization	(919,457	)	(896,466	)

Property, plant and equipment, net	$462,055		$454,302

Depreciation expense was $68.8 million in 2018, $61.5 million in 2017, and $58.1 million in 2016. Software amortization is recorded in Selling, general, and administrative expense and was $3.2 million in 2018, $3.6 million in 2017, and $4.0 million in 2016.

Capital expenditures, including purchased software, were $82.9 million in 2018, $87.6 million in 2017, and $73.5 million in 2016. Unamortized software cost was $6.9 million and $7.6 million as of December 31, 2018 and 2017, respectively. Expenditures for maintenance and repairs are charged to income as incurred and amounted to $19.4 million in 2018, $19.1 million in 2017, and $16.6 million in 2016.

Included in Buildings in the above table is the capitalized value of our primary manufacturing facility in Salt Lake City, Utah, which is accounted for as a build-to-suit lease with a failed sale-leaseback. As described in Note 3, during 2018 AEC finalized a modification to the lease, which includes additional manufacturing space, extends the minimum lease period until December 31, 2029 and resulted in an increase of $12.7 million to Property, plant and equipment, net (see discussion of Finance obligation in Note 17).

Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

15. Goodwill and Other Intangible Assets

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.

In the second quarter of 2018, the Company applied the qualitative assessment approach in performing its annual evaluation of 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, of each reporting unit.

In the third quarter of 2017, the Company decided to discontinue the Bear Claw® line of hydraulic fracturing components used in the oil and gas industry, which was part of the Harris aerostructures business acquired by AEC in 2016. This decision resulted in a $4.1 million non-cash write-off of intangibles to restructuring expense, which is presented as other changes in the table below for intangible assets and goodwill in 2017. The write-off represents the full carrying value of intangible assets associated with the Bear Claw® product line as, based upon anticipated cash flows and the Company’s plan to exit the business, we determined the product line to have no fair value as of September 30, 2017. Due to the decision to exit this product line, management performed an interim assessment of goodwill and concluded that no goodwill was allocable to the Bear Claw® product line, and no impairment provision was required.

We are continuing to amortize certain patents, trade names, customer contracts and technology assets that have finite lives. The changes in intangible assets and goodwill from December 31, 2016 to December 31, 2018, were as follows:

(in thousands, except for years)	Amortization life in years	Balance at December 31, 2017	Amortization		Other Changes	Currency Translation		Balance at December 31, 2018

Amortized intangible assets:
AEC trade names	15	$15	$(4	)	$-	$-		$11
AEC technology	15	80	(24	)	-	-		56
AEC customer contracts	6	12,369	(2,913	)	-	-		9,456
AEC customer relationships	15	42,767	(3,229	)	-	-		39,538
AEC other intangibles	5	210	(65	)	-	-		145
Total amortized intangible assets		$55,441	$(6,235	)	$-	$-		$49,206

Unamortized intangible assets:
MC Goodwill		$71,066	$-		$-	$(2,414	)	$68,652
AEC Goodwill		95,730	-		-	-		95,730
Total amortized intangible assets		$166,796	$-		$-	$(2,414	)	$164,382

(in thousands, except for years)	Amortization life in years	Balance at December 31, 2016	Amortization		Other Changes		Currency Translation	Balance at December 31, 2017

Amortized intangible assets:
AEC trade names	15	$20	$(5	)	$-		$-	$15
AEC technology	15	104	(24	)	-		-	80
AEC customer contracts	6	17,859	(3,279	)	(2,211	)	-	12,369
AEC customer relationships	15	47,009	(3,281	)	(961	)	-	42,767
AEC other intangibles	5	1,462	(275	)	(977	)	-	210
Total amortized intangible assets		$66,454	$(6,864	)	$(4,149	)	$-	$55,441

Unamortized intangible assets:
MC Goodwill		$64,645	$-		$-		$6,421	$71,066
AEC Goodwill		95,730	-		-		-	95,730
Total amortized intangible assets		$160,375	$-		$-		$6,421	$166,796

As of December 31, 2018, the gross carrying amount and accumulated amortization of amortized intangible assets was $66.7 million and $17.5 million, respectively.

Amortization expense related to intangible assets was reported in the Consolidated Statement of Income as follows: $2.9 million in Cost of goods sold and $3.3 million in Selling, general and administrative expenses in 2018; $3.3 million in Cost of goods sold and $3.6 million in Selling, general and administrative expenses in 2017; and $2.6 million in Cost of goods sold and $2.7 million in Selling, general and administrative expenses in 2016. Estimated amortization expense of intangibles for the years ending December 31, 2019 through 2023, is as follows:

		Annual amortization
Year		(in thousands)
2019		$6,235
2020		6,235
2021		6,163
2022		3,949
2023		3,228

Accrued Liabilities

12 Months Ended

Dec. 31, 2018

Payables and Accruals [Abstract]

Accrued Liabilities

16. Accrued Liabilities

Accrued liabilities consist of:

(in thousands)	2018	2017
Salaries and wages	$20,821	$17,916
Accrual for compensated absences	10,636	11,223
Employee benefits	12,316	13,553
Workers' compensation	1,794	2,397
Pension liability - current portion	2,124	2,094
Postretirement medical benefits - current portion	3,890	4,108
Returns and allowances	11,343	11,370
Contract liabilities	9,025	-
Billings in excess of revenue recognized	-	2,569
Contract loss reserve	20,708	11,902
Professional fees	2,575	2,310
Utilities	974	910
Dividends	5,808	5,474
Restructuring costs	5,534	2,714
Interest	901	817
Other	20,581	16,557
Total	$129,030	$105,914

The increase in Accrued liabilities in 2018, compared to the balances as of December 31, 2017, was in part due to the cumulative effect of adopting ASC 606 (see Note 2) which upon adoption increased Contract loss reserves by $14.9 million, Contract liabilities by $0.7 million and other accruals by $1.6 million.

Financial Instruments

12 Months Ended

Dec. 31, 2018

Long-term Debt and Capital Lease Obligations [Abstract]

Financial Instruments

17. Financial Instruments

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

(in thousands, except interest rates)	2018		2017

Revolving credit agreement with borrowings outstanding at an end of period interest rate of 3.69% in 2018 and 3.40% in 2017 (including the effect of interest rate hedging transactions, as described below), due in 2022	$499,000		$501,000

Finance obligation	25,931		14,919

Long-term debt	524,931		515,919

Less: current portion	(1,224	)	(1,799	)

Long-term debt, net of current portion	$523,707		$514,120

Principal payments due on long-term debt are: 2019, $1.2 million, 2020, $1.8 million, 2021, $1.9 million, 2022, $501.1 million, 2023, $2.4 million, thereafter, $16.5 million. Cash payments of interest amounted to $18.8 million in 2018, $16.0 million in 2017, and $13.7 million in 2016.

On November 7, 2017, we entered into a $685 million unsecured Five-Year Revolving Credit Facility Agreement (the “Credit Agreement”) which amended and restated the prior $550 million Agreement, entered into on April 8, 2016 (the “Prior Agreement”). Under the Credit Agreement, $499 million of borrowings were outstanding as of December 31, 2018. 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 December 17, 2018, 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 December 31, 2018, we would have been able to borrow an additional $186 million under the Agreement.

The Credit Agreement contains customary terms, as well as affirmative covenants, negative covenants and events of default that are 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 September 2018, we finalized a modification to the lease of our primary manufacturing facility in Salt Lake City, Utah, which is accounted for as a build-to-suit lease with a failed sale-leaseback. The original lease agreement had an initial expiration date of December 31, 2022 and an implied interest rate of 5.0%. The modification, which includes additional manufacturing space, retains the same implied interest rate and extends the minimum lease period until December 31, 2029. The following schedule presents future minimum annual payments under the finance obligation and the present value of the minimum payments, as of December 31, 2018.

Years ending December 31,	(in thousands)
2019	$ 2,472
2020	2,995
2021	2,997
2022	3,054
2023	3,277
Thereafter	18,930
Total minimum payments	33,725
Less: Amount representing interest	(7,794	)
Present value of minimum payments	$ 25,931

On November 27, 2017, we terminated our interest rate swap agreements, originally entered into on May 9, 2016, that had effectively fixed the interest rate on $300 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 received $6.3 million when the swap agreements were terminated and that payment will be amortized into interest expense through March 2021.

On May 6, 2016, we terminated other interest rate swap agreements that had effectively fixed the interest rate on $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 November 28, 2017, we entered into interest rate swap agreements for the period December 18, 2017 through October 17, 2022. These transactions have the effect of fixing the LIBOR portion of the effective interest rate (before addition of the spread) on $350 million of indebtedness drawn under the Credit Agreement at the rate of 2.11% during the period. Under the terms of these transactions, we pay the fixed rate of 2.11% and the counterparties pay a floating rate based on the one-month LIBOR rate at each monthly calculation date, which on December 17, 2018 was 2.46%, during the swap period. On December 17, 2018, the all-in-rate on the $350 million of debt was 3.61%.

These interest rate swaps are accounted for as a hedge of future cash flows, as further described in Note 18. No cash collateral was received or pledged in relation to the swap agreements.

Under the Credit Agreement, we are currently required to maintain a leverage ratio (as defined in the agreement) of not greater than 3.75 to 1.00 for each fiscal quarter ending prior to (but not including) September 30, 2019, and 3.50 to 1.00 for each fiscal quarter ending on or after September 30, 2019, and minimum interest coverage (as defined) of 3.00 to 1.00.

As of December 31, 2018, our leverage ratio was 1.96 to 1.00 and our interest coverage ratio was 11.59 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 does not exceed the limits noted above.

Indebtedness under 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 December 31, 2018.

Fair-Value Measurements

12 Months Ended

Dec. 31, 2018

Fair Value Disclosures [Abstract]

Fair-Value Measurements

18. 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. We had no Level 3 financial assets or liabilities at December 31, 2018, or at December 31, 2017.

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:

	December 31, 2018			December 31, 2017
	Quoted prices in active markets	Significant other observable inputs		Quoted prices in active markets	Significant other observable inputs
(in thousands)	(Level 1)	(Level 2)		(Level 1)	(Level 2)
Fair Value
Assets:
Cash equivalents	$14,234	$-		$13,601	$-
Other Assets:
Common stock of unaffiliated foreign public company (a)	731	-		999	-
Interest rate swaps	-	4,548	^(b)	-	313	^(c)

	(a)	Original cost basis $0.5 million.
	(b)	Net of $32.0 million receivable floating leg and $27.5 million liability fixed leg.
	(c)	Net of $34.9 million receivable floating leg and $34.6 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. Changes in the fair value of the investment are reported in the Consolidated Statements of Income.

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 expense, 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 mitigate 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 expense, net. Revaluation gains and losses occur when our business units have cash, intercompany (recorded in Other expense, 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 December 31, 2018, 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 payments under the active swap agreements totaled $0.5 million in 2018, $0.8 million in 2017 and $1.9 million in 2016. Additionally, non-cash interest expense/(income) related to the amortization of swap buyouts totaled ($0.6) million in 2018, $0.7 million in 2017, and is expected to reduce interest expense by $0.5 million in 2019.

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

	Years ended December 31,
(in thousands)	2018			2017			2016

Derivatives not designated as hedging instruments
Foreign currency options gains/(losses)		$(61	)		$(131	)		$202

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.

Other Liabilities Disclosure [Abstract]

Other Noncurrent Liabilities

12 Months Ended

Dec. 31, 2018

Other Noncurrent Liabilities

19. Other Noncurrent Liabilities

As of December 31, 2018 and 2017, Other noncurrent liabilities consisted of the following:

(in thousands)	2018		2017

Pension liabilities		$34,590		$39,473
Postretirement benefits other than pensions		47,237		54,423
Obligations under license agreement		-		897
Incentive and deferred compensation		3,810		3,048
Restructuring		100		600
Other		2,540		3,114
Total		$88,277		$101,555

Commitments and Contingencies

12 Months Ended

Dec. 31, 2018

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

20. Commitments and Contingencies

Principal leases are for machinery and equipment, vehicles, and real property. Certain leases contain renewal and purchase option provisions at fair values. Total rental expense amounted to $5.5 million in 2018, $4.9 million in 2017, and $5.2 million in 2016.

Future rental payments required under operating leases that have initial or remaining non-cancelable lease terms in excess of one year, as of December 31, 2018, are: 2019, $4.6 million; 2020, $3.2 million; 2021, $2.1 million; 2022, $1.5 million; and 2023 and thereafter, $6.5 million.

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 paper machine clothing synthetic dryer fabrics marketed during the period from 1967 to 1976 and used in certain paper mills.

We were defending 3,684 claims as of December 31, 2018.

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
2013	4,463	230	66	4,299	$78
2014	4,299	625	147	3,821	437
2015	3,821	116	86	3,791	164
2016	3,791	148	102	3,745	758
2017	3,745	105	90	3,730	55
2018	3,730	152	106	3,684	$100

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. Due to the fact that information sufficient to meaningfully estimate a range of possible loss of a particular claim is typically not available until late in the discovery process, we do not believe a meaningful estimate can be made regarding the range of possible loss with respect to pending or future claims and therefore are unable to estimate a range of reasonably possible loss in excess of amounts already accrued for 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 insurance carrier has defended each case and funded settlements under a standard reservation of rights. As of December 31, 2018 we had resolved, by means of settlement or dismissal, 37,746 claims. The total cost of resolving all claims was $10.3 million. Of this amount, almost 100% was paid by our insurance carrier, who has confirmed that we have approximately $140 million of remaining coverage under primary and excess policies that should be available with respect to current and future asbestos claims.

The Company’s subsidiary, Brandon Drying Fabrics, Inc. (“Brandon”), is also a separate defendant in many of the asbestos cases in which Albany is named as a defendant, despite never having manufactured any fabrics containing asbestos. While Brandon was defending against 7,708 claims as of December 31, 2018, only ten claims have been filed against Brandon since January 1, 2012, and no settlement costs have been incurred since 2001. Brandon was acquired by the Company in 1999, and has its own insurance policies covering periods prior to 1999. Since 2004, Brandon’s insurance carriers have covered 100% of indemnification and defense costs, subject to policy limits and a standard reservation of rights.

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.

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, the trends in claims filed against us, and available insurance, we also do not currently anticipate that potential future claims will have a material adverse effect on our financial position, results of operations, or cash flows.

Stock Options and Incentive Plans

12 Months Ended

Dec. 31, 2018

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock Options and Incentive Plans

21. Stock Options and Incentive Plans

We recognized no stock option expense during 2018, 2017, or 2016 and there are currently no remaining unvested options for which stock-option compensation costs will be recognized in future periods.

There have been no stock options granted since November 2002 and we have no stock option plan under which options may be granted, although options may be granted under the Company’s 2011 incentive plan. Options issued under previous plans and still outstanding were exercisable in five cumulative annual amounts beginning twelve months after date of grant. Option exercise prices were normally equal to and were not permitted to be less than the market value on the date of grant. Unexercised options generally terminate twenty years after the date of grant for all plans, and must be exercised within ten years of retirement.

Activity with respect to these plans is as follows:

	2018		2017		2016
Shares under option January 1		29,340		62,390		88,773
Options canceled		-		150		-
Options exercised		10,400		32,900		26,383
Shares under option at December 31		18,940		29,340		62,390
Options exercisable at December 31		18,940		29,340		62,390

The weighted average exercise price is as follows:

	2018		2017		2016
Shares under option January 1		$18.40		$18.28		$18.67
Options canceled		-		20.63		-
Options exercised		19.38		18.16		19.60
Shares under option December 31		17.87		18.40		18.28
Options exercisable December 31		17.87		18.40		18.28

As of December 31, 2018, the aggregate intrinsic value of vested options was $0.8 million. The aggregate intrinsic value of options exercised was $0.5 million in 2018, $1.1 million in 2017, and $0.5 million in 2016.

Executive Management share-based compensation:

In 2011, shareholders approved the Albany International 2011 Incentive Plan under which awards were granted through 2017. The multi-year awards granted to date under this Plan provide key members of management with incentive compensation based on achieving certain performance targets over a three year period. Such awards are paid out partly in cash and partly in shares of Class A Common Stock. Participants may elect to receive shares net of applicable income taxes. In March 2018, we issued 33,425 shares and made cash payments totaling $1.3 million. In March 2017, we issued 25,899 shares and made cash payments totaling $1.0 million. In March 2016, we issued 26,146 shares and made cash payments totaling $0.8 million. If a person terminates employment prior to the award becoming fully vested, the person may forfeit all or a portion of the incentive compensation award. The grant date share price is determined when the awards are approved each year and that price is used for measuring the cost for the share-based portion of the award. Expense associated with these awards is recognized over the three year vesting period. In connection with this plan, we recognized expense of $0.8 million in 2018, $2.6 million in 2017 and $2.7 million in 2016. For share-based awards that are dependent on performance after 2018, we expect to record additional compensation expense of approximately $0.2 million in 2019.

During 2016 and 2017, the Company had an annual incentive plan for executive management whereby 40 to 50 percent of the earned incentive compensation was payable in the form of shares of Class A Common Stock. Participants could elect to receive shares net of applicable income taxes. In March 2018, the Company issued 10,751 shares and made cash payments totaling $1.4 million as a result of performance in 2017. In March 2017, the Company issued 18,784 shares and made cash payments totaling $1.9 million as a result of performance in 2016. In March 2016, the Company issued 26,774 shares and made cash payments totaling $1.9 million as a result of performance in 2015. The allocation of the award between cash and shares is determined by an average share price after the year of performance. Expense recorded for this plan was $2.6 million in 2017, and $3.3 million in 2016.

In 2017, shareholders approved the Albany International 2017 Incentive Plan. This plan provides key members of management with incentive compensation based on achieving certain performance targets. Awards can be paid in cash, shares of Class A Common Stock, Options, or other stock-based or incentive compensation awards pursuant to the Plan. Participants may elect to receive shares net of applicable income taxes. The first awards were granted in 2018, under this plan, with a performance period of one year, with payments scheduled in March 2019. Awards that were granted in 2018 with a performance period of three years, with payments scheduled in March 2021. If a participant terminates employment prior to the award becoming fully vested, the person may forfeit all or a portion of the incentive compensation award. The grant date share price is determined when the awards are approved each year and that price is used for measuring the cost for the share-based portion of an award. Expense associated with these awards is recognized over the vesting period of the performance period which is generally one to three years.

In connection with this plan, we recognized expense of $3.4 million in 2018. For share-based awards that are dependent on performance after 2018, we expect to record additional compensation expense of approximately $0.8 million in 2019 and $0.3 million in 2020. Shares payable under these plans generally vest immediately prior to payment.

As of December 31, 2018, there were 1,146,440 shares of Company stock authorized for the payment of awards under these plans. Information with respect to these plans is presented below:

	Number of shares			Weighted average grant date value per share		Year-end intrinsic value (000's)
Shares potentially payable at January 1, 2016		188,308			$35.35		$6,657
Forfeitures		-			-
Payments		(86,926	)		$33.43
Shares accrued based on 2016 performance		88,036			$36.78
Shares potentially payable at December 31, 2016		189,418			$36.90		$6,989
Forfeitures		-			-
Payments		(75,545	)		$36.35
Shares accrued based on 2017 performance		43,532			$48.26
Shares potentially payable at December 31, 2017		157,405			$40.30		$6,343
Forfeitures		-
Payments		(79,762	)		$39.90
Shares accrued based on 2018 performance		34,822			$70.59
Shares potentially payable at December 31, 2018		112,465			$49.96		$5,619

Other Management share-based compensation:

In 2012, the Company adopted a Phantom Stock plan whereby awards under this program vest over a five-year period and are paid annually in cash based on current market prices of the Company’s stock. Under this program, employees may earn more or less than the target award based on the Company’s results in the year of the award. Expense recognized for this plan amounted to $4.8 million in 2018, $4.9 million in 2017, and $3.8 million in 2016. Based on awards outstanding at December 31, 2018, we expect to record approximately $9.6 million of compensation cost from 2019 to 2022. The weighted average period for recognition of that cost is approximately 2 years.

The determination of compensation expense for other management share-based compensation plans is based on the number of outstanding share units, the end-of-period share price, and Company performance. Information with respect to these plans is presented below:

	Number of shares			Weighted average value per share		Cash paid for share based liabilities (000's)
Share units potentially payable at January 1, 2016		252,866
Grants		118,279
Changes due to performance		18,779
Payments		(88,073	)		$33.20		$2,924
Forfeitures		(40,706	)
Share units potentially payable at December 31, 2016		261,145
Grants		96,505
Changes due to performance		(11,891	)
Payments		(89,190	)		$46.64		$4,160
Forfeitures		(20,473	)
Share units potentially payable at December 31, 2017		236,096
Grants		65,370
Changes due to performance		14,343
Payments		(75,545	)		$62.69		$4,736
Forfeitures		(12,963	)
Share units potentially payable at December 31, 2018		227,301

In 2018, the Company granted restricted stock units to two executives. The amount of compensation expense is subject to change in the market price of the Company’s stock and was recorded in Selling, general, and administrative expenses. The vesting and payments due under these grants will occur in various periods from 2019 to 2021. Expense recognized for these grants was $0.5 million in 2018. Based on awards outstanding at December 31, 2018, we expect to record approximately $1.8 million of compensation cost from 2019 to 2021.

The Company maintains a voluntary savings plan covering substantially all employees in the United States. The Plan, known as the Prosperity Plus Savings Plan, is a qualified plan under section 401(k) of the U.S. Internal Revenue Code. The Company matches, in the form of cash, between 50 percent and 100 percent of employee contributions up to a defined maximum. The investment of employee contributions to the plan is self-directed. The Company’s cost of the plan amounted to $6.3 million in 2018, $5.9 million in 2017, and $5.5 million in 2016.

The Company’s profit-sharing plan covers substantially all employees in the United States. After the close of each year, the Board of Directors determines the amount of the profit-sharing contribution. Company contributions to the plan are in the form of cash. The expense recorded for this plan was $3.2 million in 2018, $2.6 million in 2017, and $2.9 million in 2016.

Shareholders' Equity

12 Months Ended

Dec. 31, 2018

Stockholders' Equity Note [Abstract]

Shareholders' Equity

22. Shareholders’ Equity

We have two classes of Common Stock, Class A Common Stock and Class B Common Stock, each with a par value of $0.001 and equal liquidation rights. Each share of our Class A Common Stock is entitled to one vote on all matters submitted to shareholders, and each share of Class B Common Stock is entitled to ten votes. Class A and Class B Common Stock will receive equal dividends as the Board of Directors may determine from time to time. The Class B Common Stock is convertible into an equal number of shares of Class A Common Stock at any time. At December 31, 2018, 3.3 million shares of Class A Common Stock were reserved for the conversion of Class B Common Stock and the exercise of stock options.

In August 2006, we announced that the Board of Directors authorized management to purchase up to 2 million additional shares of our Class A Common Stock. The Board’s action authorizes management to purchase shares from time to time, in the open market or otherwise, whenever it believes such purchase to be advantageous to our shareholders, and it is otherwise legally permitted to do so. We have made no share purchases under the August 2006 authorization. Activity in Shareholders’ equity for 2016, 2017, and 2018 is presented below:

	Class A Common Stock		Class B Common Stock			Additional paid-in capital	Retained earnings		Accumulated items of other comprehensive income		Class A Treasury Stock				Noncontrolling Interest
(in thousands)	Shares	Amount	Shares		Amount						Shares		Amount
January 1, 2016	37,239	$37	3,235		$3	$423,108	$491,950		$(158,844	)	8,455		$(257,391	)	$3,690
Net income	-	-	-		-	-	52,733		-		-		-		79
Compensation and benefits paid or payable in shares	53	-	-		-	1,980	-		-		-		-		-
Options exercised	26	-	-		-	667	-		-		-		-		-
Shares issued to Directors'	1	-	(1	)	-	198	-		-		(12)		255		-
Dividends declared	-	-	-		-	-	(21,828	)	-		-		-		-

Cumulative translation adjustments	-	-	-		-	-	-		(24,643	)	-		-		(2	)
Pension and postretirement liability adjustments	-	-	-		-	-	-		(2,994	)	-		-		-
Derivative valuation adjustment	-	-	-		-	-	-		2,292		-		-		-
December 31, 2016	37,319	$37	3,234		$3	$425,953	$522,855		$(184,189	)	8,443		$(257,136	)	$3,767
Net income	-	-	-		-	-	33,111		-		-		-		(526	)
Compensation and benefits paid or payable in shares	44	-	-		-	1,564	-		-		-		-		-
Options exercised	33	-	-		-	597	-		-		-		-		-
Shares issued to Directors'	-	-	-		-	309	-		-		(12	)	260		-
Dividends declared	-	-	-		-	-	(21,884	)	-		-		-		-

Cumulative translation adjustments	-	-	-		-	-	-		45,980		-		-		6
Pension and postretirement liability adjustments	-	-	-		-	-	-		1,183		-		-		-
Derivative valuation adjustment	-	-	-		-	-	-		1,125		-		-		-
December 31, 2017	37,396	$37	3,234		$3	$428,423	$534,082		$(135,901	)	8,431		$(256,876	)	$3,247
Net income	-	-	-		-	-	82,891		-		-		-		128
Adoption of accounting standards (a),(b)	-	-	-		-	-	(5,068)		-		-		-		(327)
Compensation and benefits paid or payable in shares	44	-	-		-	1,437	-		-		-		-		-
Options exercised	10	-	-		-	201	-		-		-		-		-
Shares issued to Directors'	-	-	-		-	494	-		-		(12)		273		-
Dividends declared	-	-	-		-	-	(22,260)		-		-		-		-

Cumulative translation adjustments	-	-	-		-	-	-		(28,658)		-		-		(17)
Pension and postretirement liability adjustments	-	-	-		-	-	-		3,427		-		-		-
Derivative valuation adjustment	-	-	-		-	-	-		2,744		-		-		-
December 31, 2018	37,450	$37	3,234		$3	$430,555	$589,645		$(158,388)		8,419		$(256,603)		$3,031

(a) As described in Note 2, the Company adopted ASC 606 effective January 1, 2018, which resulted in a decrease to Retained earnings of $5.6 million and a $0.3 million decrease to Noncontrolling interest.

(b) As described in Note 7, the Company adopted ASU 2016-16 effective January 1, 2018, which resulted in a $0.5 million increase to Retained earnings.

Business Acquisition

12 Months Ended

Dec. 31, 2018

Business Combinations [Abstract]

Business Acquisition

23. 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 17). The seller provided representations, warranties and indemnities customary for acquisition transactions, including indemnities for certain customer claims identified before closing. The acquired entity is part of the AEC segment.

There were no changes subsequent to 2016 to the provisional allocation amounts recorded in the year of acquisition. The following table summarizes the allocation of the purchase price to the fair value of the assets and liabilities acquired:

(in thousands)	April 8, 2016
Assets acquired
Accounts receivable	$15,443
Inventories	16,670
Prepaid expenses and other current assets	402
Property, plant and equipment	62,784
Intangibles	71,630
Goodwill	95,730
Total assets acquired	$262,659

Liabilities assumed
Accounts payable	$10,323
Accrued liabilities	2,862
Finance obligation	17,560
Deferred income taxes	33,143
Other noncurrent liabilities	11,771
Total liabilities assumed	$75,659

Net assets acquired	$187,000

Goodwill of $95.7 million reflects that the acquisition broadened and deepened AEC’s products, experience and manufacturing capabilities, and significantly increases opportunities for future growth. The goodwill is non-deductible for tax purposes.

The following table presents operational results of the acquired entity that are included in the Consolidated Statements of Income (unaudited):

(in thousands, except per share amounts)	April 8 to December 31, 2016
Net sales	$67,011
Operating loss	(1,246	)
Loss before income taxes	(2,342)
Net loss attributable to the Company	(1,495	)

Loss per share:
Basic	$(0.05	)
Diluted:	$(0.05	)

The Consolidated Statements of Income reflect operational activity of the acquired business for only the period subsequent to the closing, which affects comparability of results. The following table shows total company pro forma statements of what results would have been if the 2016 acquisition had occurred as of January 1, 2015.

	Unaudited - Pro forma
(in thousands, except per share amounts)	2016
Combined Net sales	$802,023

Combined Income before income taxes	$80,639

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

Acquisition accounting adjustments:
Depreciation and amortization on property, plant and equipment, and intangible assets	(1,575	)
Valuation of contract inventories	1,997
Interest expense on finance obligation	300
Interest expense on other obligations	(133	)
Pro forma Income before income taxes	$85,213

Pro forma Net Income attributable to the Company	$57,229

Quarterly Financial Data (unaudited)

12 Months Ended

Dec. 31, 2018

Quarterly Financial Data [Abstract]

Quarterly Financial Data

24. Quarterly Financial Data (unaudited)

Presented below is certain unaudited quarterly consolidated statement of operations data from continuing operations for each of the quarters in the years ended December 31, 2018, 2017, and 2016. The information has been prepared on substantially the same basis as the audited consolidated financial statements contained in this report. Fourth quarter results presented below may vary from our quarterly earnings report in order to agree to the full year totals. The results of operations for any quarter are not necessarily indicative of the results to be expected for any future period.

Revision to 2018 quarterly financial data

In the fourth quarter of 2018, the Company discovered that ASC 606, Revenue from contracts with customers, implementation issues in its MC business segment had resulted in immaterial errors in certain reported segment and consolidated Company financial statement line items – including Net sales and Net income - for each of the first three quarters of 2018. Included below are tables reflecting the revised amounts for each of the first three quarters of 2018, and a table showing amounts originally reported for those periods and the effects of the revision.

(in millions, except per share amounts)
2018	1st	2nd	3rd	4th	Total
Net sales
Machine Clothing	$141.8	$161.8	$157.6	$150.7	$611.9
Albany Engineered Composites	81.8	93.6	94.3	100.9	370.6
Total	$223.6	$255.4	$251.9	$251.6	$982.5

Gross profit
Machine Clothing	$66.3	$79.1	$78.7	$73.3	$297.4
Albany Engineered Composites	11.5	12.6	13.7	14.7	52.5
Corporate expenses	(0.1)	0.0	0.0	(0.1)	(0.2)
Total	$77.7	$91.7	$92.4	$87.9	$349.7

Operating income
Machine Clothing	$26.9	$50.3	$49.7	$42.9	$169.8
Albany Engineered Composites	2.3	4.1	3.6	6.6	16.6
Corporate expenses	(12.2)	(12.2)	(12.5)	(12.1)	(49.0)
Total	$17.0	$42.2	$40.8	$37.4	$137.4

Net income attributable to the Company	$7.7	$29.9	$27.7	$17.6	$82.9
Basic earnings per share	0.24	0.93	0.86	0.54	2.57
Diluted earnings per share	0.24	0.93	0.86	0.54	2.57
Cash dividends per share	0.17	0.17	0.17	0.18	0.69
Class A Common Stock prices:
High	67.30	65.45	81.40	78.31
Low	60.05	58.35	60.70	58.41

2017	1st	2nd	3rd	4th	Total
Net sales	$199.3	$215.6	$222.1	$226.7	$863.7
Gross profit	76.0	63.2	79.6	77.5	296.3
Net income attributable to the Company	10.8	1.1	15.3	5.9	33.1
Basic earnings per share	0.34	0.03	0.47	0.19	1.03
Diluted earnings per share	0.34	0.03	0.47	0.19	1.03
Cash dividends per share	0.17	0.17	0.17	0.17	0.68
Class A Common Stock prices:
High	49.05	53.40	57.60	65.25
Low	43.90	43.90	50.25	56.45

2016	1st	2nd	3rd	4th	Total
Net sales	$172.3	$203.2	$191.3	$213.0	$779.8
Gross profit	72.7	78.5	72.6	77.5	301.3
Net income attributable to the Company	13.5	10.4	13.1	15.7	52.7
Basic earnings per share	0.42	0.32	0.41	0.49	1.64
Diluted earnings per share	0.42	0.32	0.41	0.49	1.64
Cash dividends per share	0.17	0.17	0.17	0.17	0.68
Class A Common Stock prices:
High	38.21	41.31	43.78	49.25
Low	31.43	37.27	38.92	38.65

In 2018, restructuring charges reduced earnings per share by $0.18 in the first quarter, $0.06 in the second quarter, $0.06 in the third quarter, and $0.04 in the fourth quarter. The charges primarily related to the closure of the MC Facility in Sélestat, France and discontinuation of certain manufacturing processes in Salt Lake City.

In 2018, discrete income tax adjustments, increased/(decreased) earnings per share by $0.01 in the first quarter, $0.12 in the second quarter, $0.00 in the third quarter, and $(0.01) in the fourth quarter.

In 2017, restructuring charges reduced earnings per share by $0.05 in the first quarter, $0.04 in the second quarter, $0.11 in the third quarter, and $0.07 in the fourth quarter. The amount recognized in the third quarter was primarily non-cash charges associated with the decision to exit a discontinued product line.

In 2017, discrete income tax adjustments, increased/(decreased) earnings per share by ($0.03) in the first quarter, ($0.02) in the second quarter, $0.12 in the third quarter, and ($0.21) in the fourth quarter. The amount recognized in the fourth quarter was primarily from changes in U.S. tax laws.

In 2017, we recorded a write-off of inventory in a discontinued product line in the third quarter of 2017. The write-off (decreased)/increased earnings per share by ($0.06) in the third quarter and $0.01 in the fourth quarter.

In 2016, restructuring charges reduced earnings per share by $0.01 in the first quarter, $0.13 in the second quarter, $0.01 in the third quarter, and $0.01 in the fourth quarter.

In 2016, we recorded measurement period adjustments related to the business acquisition that occurred in the second quarter of 2016. Measurement period adjustments decreased earnings per share by $0.03 in the third quarter, and $0.00 in the fourth quarter. Costs related to the acquisition transaction reduced earnings per share by $0.03 in the first quarter, $0.08 in the second quarter, $0.00 in the third quarter, and $0.00 in the fourth quarter.

In 2016, discrete income tax adjustments increased earnings per share by $0.03 in the first quarter, $0.00 in the second quarter, $0.00 in the third quarter, and $0.04 in the fourth quarter.

The Company’s Class A Common Stock is traded principally on the New York Stock Exchange. As of December 31, 2018, there were over 20,000 beneficial owners of the Company’s common stock, including employees owning shares through the Company’s 401(k) defined contribution plan.

As described above, in the fourth quarter of 2018, the Company discovered errors in its financial reports for the first three quarters of 2018. The table below presents the amounts originally reported, the amount of the error, and the revised amounts for certain income statement accounts.

		1st quarter 2018			2nd quarter 2018
(in millions, except per share amounts)		As previously reported	Increase / (decrease)	As revised	As previously reported	Increase / (decrease)	As revised
Machine Clothing segment
	Net sales	$148.2	$(6.4)	$141.8	$162.6	$(0.8)	$161.8
	Gross profit	70.2	(3.9)	66.3	79.6	(0.5)	79.1
	Operating income	30.8	(3.9)	26.9	50.8	(0.5)	50.3

Total Company
	Net income attributable to the Company	10.2	(2.5)	7.7	30.4	(0.5)	29.9
	Basic earnings per share	0.32	(0.08)	0.24	0.94	(0.01)	0.93
	Diluted earnings per share	0.32	(0.08)	0.24	0.94	0.01)	0.93


		3rd quarter 2018			First 3 quarters of 2018
(in millions, except per share amounts)		As previously reported	Increase / (decrease)	As revised	As previously reported	Increase / (decrease)	As revised
Machine Clothing segment
	Net sales	$159.0	$(1.4)	$157.6	$469.8	$(8.6)	$461.2
	Gross profit	79.4	(0.7)	78.7	229.2	(5.1)	224.1
	Operating income	50.3	(0.6)	49.7	131.9	(5.0)	126.9

Total Company
	Net income attributable to the Company	28.2	(0.5)	27.7	68.8	(3.5)	65.3
	Basic earnings per share	0.87	(0.01)	0.86	2.13	(0.11)	2.02
	Diluted earnings per share	0.87	(0.01)	0.86	2.13	(0.11)	2.02

VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Dec. 31, 2018

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

VALUATION AND QUALIFYING ACCOUNTS

SCHEDULE II

ALBANY INTERNATIONAL CORP. AND SUBSIDIARIES

VALUATION AND QUALIFYING ACCOUNTS

(Dollars in thousands)

Column A	Column B	Column C	Column D	Column E

Description	Balance at beginning of period	Charge to expense	Other (A)	Balance at end of the period
Allowance for doubtful accounts
Year ended December 31:
2018	$7,919	$579	($1,161)	$7,337
2017	6,952	1,388	(421)	7,919
2016	8,530	23	(1,601)	6,952

Allowance for sales returns
Year ended December 31:
2018	$11,370	$8,372	($8,399)	$11,343
2017	13,714	8,909	(11,253)	11,370
2016	14,024	10,851	(11,161)	13,714

Valuation allowance deferred tax assets
Year ended December 31:
2018	$16,057	($4,882)	($2,786)	$8,389
2017	22,821	(3,552)	(3,212)	16,057
2016	24,439	(88)	(1,530)	22,821

(A)

Amounts sold, written off, or recovered, and the effect of changes in currency translation rates, are included in Column D.

Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2018

Accounting Policies [Abstract]

Basis of Consolidation

Basis of Consolidation

Estimates

Estimates

Revenue Recognition

Revenue Recognition

Significant changes to our accounting policies as a result of adopting the new standard are set forth in Note 2.

Cost of Goods Sold

Cost of Goods Sold

Selling, General, Administrative, Technical, and Research Expenses

Selling, General, Administrative, Technical, and Research Expenses

Restructuring Expense

Restructuring Expense

Income Taxes

Income Taxes

Earnings Per Share

Earnings Per Share

Translation of Financial Statements

Translation of Financial Statements

The following table summarizes foreign currency transaction gains and losses recognized in the income statement:

(in thousands)	2018		2017	2016
(Gains)/losses included in:
Selling, general, and administrative expenses	$(274	)	$4,127	$(381	)
Other expense, net	(67	)	4,634	(3,532	)
Total transaction (gains)/losses	$(341	)	$8,761	$(3,913	)

The following table presents foreign currency gains on long-term intercompany loans that were recognized in Other comprehensive income:

(in thousands)		2018			2017			2016
Gain on long-term intercompany loans		$-			$1,867			$3,515

Cash and Cash Equivalents

Cash and Cash Equivalents

Cash and cash equivalents consist of cash and highly liquid short-term investments with original maturities of three months or less.

Accounts Receivable

Accounts Receivable

As a result of adopting ASC 606, Revenue in excess of progress billings on long-term contracts in the Albany Engineered Composites segment was reclassified from Accounts receivable to Contract assets in 2018. Including that reclassification, the cumulative effect from the adoption of ASC 606 was an increase to Accounts receivable of $8.5 million as Accounts receivable recorded in the cumulative adjustment exceeded that reclassification.

See additional information set forth in Notes 2 and 11.

Contract Assets and Contract Liabilities

Contract Assets and Contract Liabilities

See additional information set forth in Notes 2 and 12.

Inventories

Inventories

See additional information set forth in Notes 2 and 13.

Property, Plant and Equipment

Property, Plant and Equipment

See additional information set forth in Note 14.

Goodwill, Intangibles, and Other Assets

Goodwill, Intangibles, and Other Assets

Stock-Based Compensation

Stock-Based Compensation

Derivatives

Derivatives

Pension and Postretirement Benefit Plans

Pension and Postretirement Benefit Plans

Recent Accounting Pronouncements

Recent Accounting Pronouncements

In August 2018, an accounting update was issued which aims to improve the overall usefulness of disclosures to financial statement users and reduce unnecessary costs to companies when preparing fair value measurement disclosures. This update is effective for annual and interim periods in fiscal years beginning after December 15, 2019. We are currently evaluating the impact of this update.

Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2018

Accounting Policies [Abstract]

Schedule of Foreign Currency Transaction Gains and Losses

The following table summarizes foreign currency transaction gains and losses recognized in the income statement:

(in thousands)	2018		2017	2016
(Gains)/losses included in:
Selling, general, and administrative expenses	$(274	)	$4,127	$(381	)
Other expense, net	(67	)	4,634	(3,532	)
Total transaction (gains)/losses	$(341	)	$8,761	$(3,913	)

Schedule of foreign currency gains and losses on long-term intercompany loans

The following table presents foreign currency gains on long-term intercompany loans that were recognized in Other comprehensive income:

(in thousands)		2018			2017			2016
Gain on long-term intercompany loans		$-			$1,867			$3,515

Schedule of Accounts Receivable

As of December 31, 2018 and 2017, Accounts receivable consisted of the following:

(in thousands)	December 31, 2018		December 31, 2017
Trade and other accounts receivable	$211,244		$152,375
Bank promissory notes	19,269		20,255
Revenue in excess of progress billings	-		37,964
Allowance for doubtful accounts	(7,337	)	(7,919	)
Total accounts receivable	$223,176		$202,675

Revenue Recognition (Tables)

12 Months Ended

Dec. 31, 2018

Revenue Recognition [Abstract]

Schedule of Consolidated Balance Sheet

The table below presents the cumulative effect of changes made to our December 31, 2017 Consolidated Balance Sheet as the result of adoption of ASC 606:

Albany International Corp.
Consolidated Balance Sheet
(in thousands, except share and per share data)

	As previously reported at December 31, 2017		Adjustments		Opening balance as adjusted January 1, 2018

Assets
Current assets:
Cash and cash equivalents	$183,727		$-		$183,727
Accounts receivable, net	202,675		8,486		211,161
Contract assets	-		47,415		47,415
Inventories	136,519		(48,583	)	87,936
Income taxes prepaid and receivable	6,266		-		6,266
Prepaid expenses and other current assets	14,520		-		14,520
Total current assets	543,707		7,318		551,025

Property, plant and equipment, net	454,302		-		454,302
Intangibles, net	55,441		-		55,441
Goodwill	166,796		-		166,796
Deferred income taxes	68,648		2,889		71,537
Noncurrent receivable	32,811		-		32,811
Other assets	39,493		1,119		40,612
Total assets	$1,361,198		$11,326		$1,372,524

Liabilities
Current liabilities:
Notes and loans payable	$262		$-		$262
Accounts payable	44,899		-		44,899
Accrued liabilities	105,914		17,217		123,131
Current maturities of long-term debt	1,799		-		1,799
Income taxes payable	8,643		-		8,643
Total current liabilities	161,517		17,217		178,734

Long-term debt	514,120		-		514,120
Other noncurrent liabilities	101,555		-		101,555
Deferred taxes and other liabilities	10,991		52		11,043
Total liabilities	788,183		17,269		805,452

Commitments and Contingencies

Shareholders’ Equity
Preferred stock, par value $5.00 per share; authorized 2,000,000 shares; none issued	-		-		-
Class A Common Stock, par value $.001 per share; authorized 100,000,000 shares; issued 37,395,753 in 2017	37		-		37
Class B Common Stock, par value $.001 per share; authorized 25,000,000 shares; issued and outstanding 3,233,998 in 2017	3		-		3
Additional paid-in capital	428,423		-		428,423
Retained earnings	534,082		(5,616	)	528,466
Accumulated items of other comprehensive income:
Translation adjustments	(87,318	)	-		(87,318	)
Pension and postretirement liability adjustments	(50,536	)	-		(50,536	)
Derivative valuation adjustment	1,953		-		1,953
Treasury stock (Class A), at cost; 8,431,335 shares in 2017	(256,876	)	-		(256,876	)
Total Company shareholders’ equity	569,768		(5,616	)	564,152
Noncontrolling interest	3,247		(327	)	2,920
Total Equity	573,015		(5,943	)	567,072
Total liabilities and shareholders’ equity	$1,361,198		$11,326		$1,372,524

Schedule of Summary of Composition of Each Business Segment

The following table provides a summary of the composition of each business segment:

Segment	Reporting Unit	Principal Product or Service	Principal Locations
Machine Clothing (MC)	Machine Clothing	Paper machine clothing: Permeable and impermeable belts used in the manufacture of paper, paperboard, tissue and towel, and pulp Engineered fabrics: Belts used in the manufacture of nonwovens, fiber cement and several other industrial applications	World-wide
Albany Engineered Composites (AEC)	Albany Safran Composites (ASC)	3D-woven, injected composite components for aircraft engines	Rochester, NH Commercy, France Queretaro, Mexico
	Airframe and engine Components (Other AEC)	Composite airframe and engine components for military and commercial aircraft	Salt Lake City, UT Boerne, TX Queretaro, Mexico

Schedule of Disaggregate Revenue for Each Business Segment

The following table presents disaggregated revenue for each reporting unit by timing of revenue recognition:

		For the Year Ended
		December 31, 2018
(in thousands)	Point in Time Revenue Recognition	Over Time Revenue Recognition	Total

Machine Clothing	$608,658	$3,200	$611,858

Albany Engineered Composites
ASC	-	182,699	182,699
Other AEC	21,614	166,308	187,922
Total Albany Engineered Composites	21,614	349,007	370,621


Total revenue	$630,272	$352,207	$982,479

Schedule of Disaggregate MC Segment Revenue by Significant Product or Service

		For the Year Ended
(in thousands)		December 31, 2018

Americas PMC		$303,768
Eurasia PMC		227,493
Engineered Fabrics		80,597
Total Machine Clothing Net sales		$611,858

Schedule of Consolidated Statement of Income

The following tables show the balances as reported for the year ended December 31, 2018, and how the consolidated financial statements would have appeared if we had not adopted ASC 606.

Albany International Corp.
Consolidated Statement of Income
(in thousands, except per share amounts)

	As reported for Year Ended December 31, 2018		Adjustments to reverse effects of ASC 606		As adjusted for Year Ended December 31, 2018 to exclude adoption of ASC 606

Net sales	$982,479		$7,120		$989,599
Cost of goods sold	632,730		10,433		643,163
Gross profit	349,749		(3,313	)	346,436

Selling, general and administrative expenses	156,189		12		156,201
Technical and research expenses	40,582		-		40,582
Restructuring expenses, net	15,570		-		15,570
Operating income	137,408		(3,325	)	134,083

Interest income	(2,118	)	-		(2,118	)
Interest expense	20,242		-		20,242
Other expense, net	4,037		-		4,037
Income before income taxes	115,247		(3,325	)	111,922

Income tax expense	32,228		(877	)	31,351
Net income	83,019		(2,448	)	80,571
Net income/(loss) attributable to the noncontrolling interest	128		(129	)	(1	)
Net income attributable to the Company	$82,891		$(2,319	)	$80,572


Earnings per share attributable to Company shareholders - Basic	$2.57		$(0.07	)	$2.50

Earnings per share attributable to Company shareholders - Diluted	$2.57		$(0.07	)	$2.50

Schedule of Consolidated Statement of Comprehensive Income (Loss)

Albany International Corp.
Consolidated Statement of Comprehensive Income
(in thousands)

	As reported for Year Ended December 31, 2018		Adjustments to reverse effects of ASC 606		As adjusted for Year Ended December 31, 2018 to exclude adoption of ASC 606
Net income	$83,019		$(2,448	)	$80,571
Other comprehensive income/(loss), before tax:
Foreign currency translation adjustments	(27,383	)	575		(26,808	)
Pension/postretirement settlements and curtailments	1,494		-		1,494
Pension/postretirement plan remeasurement	851		-		851
Amortization of pension liability adjustments:
Prior service credit	(4,454	)	-		(4,454	)
Net actuarial loss	5,175		-		5,175
Payments related to interest rate swaps included in earnings	(146	)	-		(146	)
Derivative valuation adjustment	3,832		-		3,832

Income taxes related to items of other comprehensive income/(loss):
Pension/postretirement settlements and curtailments	(348	)	-		(348	)
Pension/postretirement plan remeasurement	(408	)	-		(408	)
Amortization of pension liability adjustments	(158	)	-		(158	)
Payments related to interest rate swaps included in earnings	37		-		37
Derivative valuation adjustment	(979	)	-		(979	)
Comprehensive income	60,532		(1,873	)	58,659
Comprehensive income/(loss) attributable to the noncontrolling interest	111		(129	)	(18	)
Comprehensive income attributable to the Company	$60,421		$(1,744	)	$58,677

Schedule of Consolidated Balance Sheets

Albany International Corp.
Consolidated Balance Sheet
(in thousands, except share and per share data)

	As reported December 31, 2018		Adjustments to reverse effects of ASC 606		As adjusted for December 31, 2018 to exclude adoption of ASC 606

Assets
Current assets:
Cash and cash equivalents	$197,755		$-		$197,755
Accounts receivable, net	223,176		5,578		228,754
Contract assets	57,447		(57,447	)	-
Inventories	85,904		42,701		128,605
Income taxes prepaid and receivable	7,473		-		7,473
Prepaid expenses and other current assets	21,294		-		21,294
Total current assets	593,049		(9,168	)	583,881

Property, plant and equipment, net	462,055		-		462,055
Intangibles, net	49,206		-		49,206
Goodwill	164,382		-		164,382
Deferred income taxes	62,622		(2,012	)	60,610
Noncurrent receivables	45,061		-		45,061
Other assets	41,617		(1,256	)	40,361
Total assets	$1,417,992		$(12,436	)	$1,405,556

Liabilities
Current liabilities:
Notes and loans payable	$-		$-		$-
Accounts payable	52,246		-		52,246
Accrued liabilities	129,030		(16,454	)	112,576
Current maturities of long-term debt	1,224		-		1,224
Income taxes payable	6,806		-		6,806
Total current liabilities	189,306		(16,454	)	172,852

Long-term debt	523,707		-		523,707
Other noncurrent liabilities	88,277		-		88,277
Deferred taxes and other liabilities	8,422		(52	)	8,370
Total liabilities	809,712		(16,506	)	793,206

Commitments and Contingencies

Shareholders’ Equity
Preferred stock, par value $5.00 per share; authorized 2,000,000 shares; none issued	-		-		-
Class A Common Stock, par value $.001 per share; authorized 100,000,000 shares; issued 37,450,329 in 2018 and 37,395,753 in 2017	37		-		37
Class B Common Stock, par value $.001 per share; authorized 25,000,000 shares; issued and outstanding 3,233,998 in 2018 and 2017	3		-		3
Additional paid-in capital	430,555		-		430,555
Retained earnings	589,645		3,297		592,942
Accumulated items of other comprehensive income:
Translation adjustments	(115,976	)	575		(115,401	)
Pension and postretirement liability adjustments	(47,109	)	-		(47,109	)
Derivative valuation adjustment	4,697		-		4,697
Treasury stock (Class A), at cost; 8,418,620 shares in 2018 and 8,431,335 shares in 2017	(256,603	)	-		(256,603	)
Total Company shareholders’ equity	605,249		3,872		609,121
Noncontrolling interest	3,031		198		3,229
Total Equity	608,280		4,070		612,350
Total liabilities and shareholders’ equity	$1,417,992		$(12,436	)	$1,405,556

Schedule of Consolidated Statement of Cash Flows

	As reported for Year Ended December 31, 2018		Adjustments to reverse effects of ASC 606		As adjusted for Year Ended December 31, 2018 to exclude adoption of ASC 606

Operating Activities
Net income	$83,019		$(2,448	)	$80,571
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	68,800		-		68,800
Amortization	10,236		-		10,236
Change in other noncurrent liabilities	(5,479	)	-		(5,479	)
Change in deferred taxes and other liabilities	8,972		(877	)	8,095
Provision for write-off of property, plant and equipment	3,707		-		3,707
Non-cash interest expense	459		-		459
Write-off of pension liability adjustment due to settlement/curtailment	1,494		-		1,494
Compensation and benefits paid or payable in Class A Common Stock	2,203		-		2,203
Changes in operating assets and liabilities that provided/(used) cash, net of impact of business acquisition:
Accounts receivable	(19,139	)	(17,387	)	(36,526	)
Contract assets	(10,267	)	10,267		-
Inventories	(968	)	10,433		9,465
Prepaid expenses and other current assets	(5,815	)	-		(5,815	)
Income taxes prepaid and receivable	(1,402	)	-		(1,402	)
Noncurrent receivables	(12,249	)	-		(12,249	)
Accounts payable	9,340		-		9,340
Accrued liabilities	8,209		12		8,221
Income taxes payable	(824	)	-		(824	)
Other, net	(7,811	)	-		(7,811	)
Net cash provided by operating activities	132,485		-		132,485

Net cash used in investing activities	(82,886	)	-		(82,886	)
Net cash used in financing activities	(27,258	)	-		(27,258	)
Effect of exchange rate changes on cash and cash equivalents	(8,313	)	-		(8,313	)
Increase in cash and cash equivalents	14,028		-		14,028
Cash and cash equivalents at beginning of year	183,727		-		183,727
Cash and cash equivalents at end of year	$197,755		$-		$197,755

Reportable Segments and Geographic Data (Tables)

12 Months Ended

Dec. 31, 2018

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:

(in thousands)	2018		2017		2016		Year ended December 31, 2018 Increase/(decrease) attributable to application of ASC 606
Net Sales
Machine Clothing	$611,858		$590,357		$582,190		$(3,970	)
Albany Engineered Composites	370,621		273,360		197,649		(3,150	)
Consolidated total	$982,479		$863,717		$779,839		$(7,120	)
Depreciation and amortization
Machine Clothing	30,813		33,527		36,428		—
Albany Engineered Composites	43,205		33,533		24,211		—
Corporate expenses	5,018		4,896		6,822		—
Consolidated total	$79,036		$71,956		$67,461		$—
Operating income/(loss)
Machine Clothing	169,836		153,980		152,505		(1,605	)
Albany Engineered Composites	16,647		(31,657	)	(15,363	)	4,930
Corporate expenses	(49,075	)	(43,647	)	(43,010	)	—
Operating income	$137,408		$78,676		$94,132		$3,325
Reconciling items:
Interest income	(2,118	)	(1,511	)	(2,077	)	—
Interest expense	20,242		18,602		15,541		—
Other expense, net	4,037		6,877		2,402		—
Income before income taxes	$115,247		$54,708		$78,266		$3,325

Schedule of Restructuring Costs by Reporting Segment

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

(in thousands)	2018	2017	2016
Restructuring expenses, net
Machine Clothing	$12,278	$3,429	$6,181
Albany Engineered Composites	3,048	10,062	2,314
Corporate expenses	244	-	(7	)
Consolidated total	$15,570	$13,491	$8,488

Schedule of Operating Assets and Capital Expenditures by Reporting Segment

The following table presents assets and capital expenditures by reportable segment:

(in thousands)	2018	2017	2016
Segment assets
Machine Clothing	$453,836	$464,468	$454,010
Albany Engineered Composites	633,394	584,076	514,527
Reconciling items:
Cash	197,755	183,727	181,742
Income taxes prepaid, receivable and deferred	70,095	74,914	74,078
Other assets	62,912	54,013	39,076
Consolidated total assets	$1,417,992	$1,361,198	$1,263,433
Capital expenditures and purchased software
Machine Clothing	$20,230	$20,522	$15,651
Albany Engineered Composites	60,121	63,865	54,678
Corporate expenses	2,535	3,250	3,163
Consolidated total	$82,886	$87,637	$73,492

Schedule of Financial Data by Geographic Area

(in thousands)	2018	2017	2016
Net sales
United States	$519,349	$459,525	$396,238
Switzerland	157,339	147,601	145,479
France	85,386	57,195	42,862
Brazil	62,093	60,535	60,287
China	50,923	48,920	48,043
Mexico	48,534	31,902	27,526
Other countries	58,855	58,039	59,404
Consolidated total	$982,479	$863,717	$779,839
Property, plant and equipment, at cost, net
United States	$272,584	$252,639	$245,626
China	48,686	61,840	65,987
France	50,245	58,196	42,272
Mexico	40,343	22,981	7,781
Korea	12,396	14,558	15,585
United Kingdom	12,042	14,256	14,591
Canada	8,154	10,230	11,455
Other countries	17,605	19,602	19,267
Consolidated total	$462,055	$454,302	$422,564

Pensions and Other Postretirement Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2018

Retirement Benefits [Abstract]

Schedule of Segment Operating Expenses

The tables below show the 2017 and 2016 amounts reclassified by segment and financial statement line item that resulted from adopting this update:

Effect by segment operating expenses:

(in thousands)	Increase/(decrease) in expense for December 31, 2017		Increase/(decrease) in expense for December 31, 2016
Machine Clothing	$(44	)	$24
Albany Engineered Composites	-		-
Corporate expenses	(2,481	)	(2,380	)
Total operating expenses	$(2,525	)	$(2,356	)

Other expense, net	$2,525		$2,356

Effect by Statement of Income line item:

(in thousands)	Increase/(decrease) in expense for December 31, 2017		Increase/(decrease) in expense for December 31, 2016
Cost of goods sold	$(503	)	$(716	)
Selling, general and administrative expenses	(2,022	)	(1,754	)
Technical and research expenses	-		2
Restructuring expenses, net	-		112
Total operating expenses	$(2,525	)	$(2,356	)

Schedule of Plan Benefit Obligations

The following table sets forth the plan benefit obligations:

	As of December 31, 2018				As of December 31, 2017
(in thousands)	Pension plans		Other postretirement benefits		Pension plans		Other postretirement benefits
Benefit obligation, beginning of year	$230,911		$58,531		$210,856		$57,488
Service cost	2,723		232		2,720		244
Interest cost	7,217		2,024		7,476		2,214
Plan participants' contributions	228		-		211		-
Actuarial (gain)/loss	(10,666	)	(6,100	)	6,626		2,743
Benefits paid	(7,814	)	(3,473	)	(7,697	)	(4,230	)
Settlements and curtailments	(13,807	)	-		(8	)	-
Plan amendments and other	534		-		(3	)	-
Foreign currency changes	(7,876	)	(87	)	10,730		72
Benefit obligation, end of year	$201,450		$51,127		$230,911		$58,531

Accumulated benefit obligation	$193,870		$-		$220,622		$-

Weighted average assumptions used to
determine benefit obligations, end of year:
Discount rate - U.S. plan	4.41%		4.31%		3.70%		3.59%
Discount rate - non-U.S. plans	2.93%		3.65%		2.83%		3.40%
Compensation increase - U.S. plan	-		3.00%		-		-
Compensation increase - non-U.S. plans	3.02%		3.00%		3.02%		3.00%

Schedule of Plan Assets

The following sets forth information about plan assets:

	As of December 31, 2018				As of December 31, 2017
(in thousands)	Pension plans		Other postretirement benefits		Pension plans		Other postretirement benefits

Fair value of plan assets, beginning of year	$205,586		$-		$180,672		$-
Actual return on plan assets, net of expenses	(8,449	)	-		19,182		-
Employer contributions	10,071		3,474		4,645		4,230
Plan participants' contributions	228		14		211		37
Benefits paid	(7,813	)	(3,488	)	(7,697	)	(4,267	)
Settlements	(13,029	)	-		(8	)	-
Foreign currency changes	(7,652	)	-		8,581		-
Fair value of plan assets, end of year	$178,942		$-		$205,586		$-

Schedule of Funded Status of Plans

The funded status of the plans was as follows:

	As of December 31, 2018				As of December 31, 2017
(in thousands)	Pension plans		Other postretirement benefits		Pension plans		Other postretirement benefits

Fair value of plan assets	$178,942		$-		$205,586		$-
Benefit obligation	201,450		51,127		230,911		58,531
Funded status	$(22,508	)	$(51,127	)	$(25,325	)	$(58,531	)

Accrued benefit cost, end of year	$(22,508	)	$(51,127	)	$(25,325	)	$(58,531	)

Amounts recognized in the consolidated balance sheet consist of the following:
Noncurrent asset	$14,206		$-		$16,242		$-
Current liability	(2,124	)	(3,890	)	(2,094	)	(4,108	)
Noncurrent liability	(34,590	)	(47,237	)	(39,473	)	(54,423	)
Net amount recognized	$(22,508	)	$(51,127	)	$(25,325	)	$(58,531	)

Amounts recognized in accumulated other comprehensive income consist of:
Net actuarial loss	$68,110		$25,660		$67,283		$34,717
Prior service cost/(credit)	1,020		(21,922	)	572		(26,411	)
Net amount recognized	$69,130		$3,738		$67,855		$8,306

Schedule of composition of the net pension plan funded status

The composition of the net pension plan funded status as of December 31, 2018 was as follows:

			Non-U.S.
(in thousands)	U.S. plan		plans		Total

Pension plans with pension assets	$(2,594	)	$11,735		$9,141
Pension plans without pension assets	(6,716	)	(24,933	)	(31,649	)
Total	$(9,310	)	$(13,198	)	$(22,508	)

Schedule of Net Periodic Benefit Plan Cost

The composition of the net periodic benefit plan cost for the years ended December 31, 2018, 2017, and 2016, was as follows:

	Pension plans						Other postretirement benefits
(in thousands)	2018		2017		2016		2018		2017		2016
Components of net periodic benefit cost:
Service cost	$2,723		$2,720		$2,656		$232		$244		$254
Interest cost	7,217		7,476		7,885		2,024		2,214		2,443
Expected return on assets	(8,873	)	(8,152	)	(8,675	)	-		-		-
Amortization of prior service cost/(credit)	34		36		38		(4,488	)	(4,488	)	(4,488	)
Amortization of net actuarial loss	2,219		2,628		2,283		2,956		2,811		2,819
Settlement	2,246		-		163		-		-		-
Curtailment (gain)/loss	(752	)	-		(112	)	-		-		-
Net periodic benefit cost	$4,814		$4,708		$4,238		$724		$781		$1,028
Weighted average assumptions used to determine
net cost:
Discount rate - U.S. plan	3.70	%	4.20	%	4.54	%	3.59	%	4.00	%	4.24	%
Discount rate - non-U.S. plans	2.83	%	2.98	%	3.67	%	3.40	%	3.70	%	4.00	%
Expected return on plan assets - U.S. plan	3.87	%	4.40	%	4.74	%	-		-		-
Expected return on plan assets - non-U.S. plans	4.83	%	4.46	%	5.39	%	-		-		-
Rate of compensation increase - U.S. plan	-		-		-		-		-		-
Rate of compensation increase - non-U.S. plans	3.04	%	3.29	%	3.24	%	3.00	%	3.00	%	3.00	%

Schedule of Pretax (gains)/Losses Recognized in Other Comprehensive Income

Pretax (gains)/losses on plan assets and benefit obligations recognized in other comprehensive income for the years ended December 31, 2018, 2017, and 2016, was as follows:

	Pension plans						Other postretirement benefits
(in thousands)	2018		2017		2016		2018		2017		2016

Settlements/curtailments	$(1,494	)	$ -		$(51	)	$ -		$ -		$ -
Asset/liability loss/(gain)	6,411		(4,408	)	6,519		(6,100	)	2,743		(395	)
Amortization of actuarial (loss)	(2,219	)	(2,628	)	(2,283	)	(2,956	)	(2,811	)	(2,819	)
Amortization of prior service cost/(credit)	(34	)	(36	)	(38	)	4,488		4,488		4,488
Currency impact	(1,389	)	1,930		(1,655	)	-		2		(1	)
Cost/(benefit) in Other comprehensive income	$1,275		$(5,142	)	$2,492		$(4,568	)	$4,422		$1,273

Schedule of Amounts That Will Be Amortized from Accumulated Other Comprehensive Income

The estimated amounts that will be amortized from accumulated other comprehensive income into net periodic benefit cost in 2019 are as follows:

		Total
	Total	postretirement
(in thousands)	pension	benefits
Actuarial loss	$2,254	$2,226
Prior service cost/(benefit)	68	(4,488	)
Total	$2,322	$(2,262	)

Schedule of Fair Value of Plan Assets

	Assets at Fair Value as of December 31, 2018
(in thousands)	Quoted prices in active markets Level 1	Significant other observable inputs Level 2	Significant unobservable inputs Level 3	Total


Common Stocks and equity funds		$284	$-	$-	$284
Debt securities		-	78,523	-	78,523
Insurance contracts		-	-	2,890	2,890
Cash and short-term investments		3,016	-	-	3,016
Total investments in the fair value hierarchy		$3,300	$78,523	$2,890	84,713

Investments at net asset value:
	Common Stocks and equity funds				42,852
	Fixed income funds				47,534
	Limited partnerships				3,843
Total plan assets					$178,942

	Assets at Fair Value as of December 31, 2017
(in thousands)	Quoted prices in active markets Level 1	Significant other observable inputs Level 2	Significant unobservable inputs Level 3	Total

Common Stocks and equity funds		$335	$-	$-	$335
Debt securities		-	81,363	-	81,363
Insurance contracts		-	-	2,407	2,407
Cash and short-term investments		3,253	-	-	3,253
Total investments in the fair value hierarchy		$3,588	$81,363	$2,407	87,358

Investments at net asset value:
	Common Stocks and equity funds				37,768
	Fixed income funds				75,881
	Limited partnerships				4,579
Total plan assets					$205,586

Reconciliation of Level 3 Assets

The following tables present a reconciliation of Level 3 assets held during the years ended December 31, 2018 and 2017:

(in thousands)

December
31, 2017

Net
realized gains

Net
unrealized
gains

Net
purchases,
issuances
and
settlements

Net transfers
(out of)

Level 3

December
31, 2018

Insurance contracts -

Total level 3 assets

$2,407

$(45

)

$528

$2,890

(in thousands)

December
31, 2016

Net
realized gains

Net
unrealized
gains

Net purchases,
issuances
and
settlements

Net
transfers
(out of)

Level 3

December
31, 2017

Insurance contracts -

Total level 3 assets

$2,238

$56

$113

$2,407

Schedule of Asset Allocation

The asset allocation for the Company’s U.S. and non-U.S. pension plans for 2017 and 2018, and the target allocation, by asset category, are as follows:

		United States Plan			Non-U.S. Plans
	Target Allocation	Percentage of plan assets at plan measurement date		Target Allocation	Percentage of plan assets at plan measurement date
Asset category		2018	2017		2018	2017

Equity securities	-	1%	1%	20%	19%	30%
Debt securities	100%	94%	95%	75%	74%	64%
Real estate	-	4%	4%	1%	1%	1%
Other (1)	-	1%	-	4%	6%	5%
	100%	100%	100%	100%	100%	100%

Schedule of Pension Plans with Projected Benefit Obligation in Excess of Plan Assets and for Pension Plans with an Accumulated Benefit Obligation in Excess of Plan Assets

	Plans with projected benefit obligation in excess of plan assets
(in thousands)	2018	2017
Projected benefit obligation	$123,261	$131,717
Fair value of plan assets	86,547	90,149


	Plans with accumulated benefit obligation in excess of plan assets
(in thousands)	2018	2017
Accumulated benefit obligation	$120,869	$129,698
Fair value of plan assets	86,062	90,149

Schedule of Expected Cash Flows

Information about expected cash flows for the pension and other benefit obligations are as follows:

(in thousands)	Pension plans	Other postretirement benefits
Expected employer contributions and direct employer payments in the next fiscal year	$4,150	$3,890

Expected benefit payments
2019	7,292	3,890
2020	7,472	3,771
2021	8,175	3,701
2022	8,322	3,653
2023	8,647	3,613
2024-2028	49,846	17,066

Restructuring (Tables)

12 Months Ended

Dec. 31, 2018

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”:


Year ended December 31, 2018 (in thousands)	Total restructuring costs incurred	Termination and other costs	Impairment of assets
Machine Clothing	$12,278	$11,890	$388
Albany Engineered Composites	3,048	1,286	1,762
Corporate expenses	244	244	-
Total	$15,570	$13,420	$2,150


Year ended December 31, 2017 (in thousands)	Total restructuring costs incurred	Termination and other costs	Impairment of assets
Machine Clothing	$3,429	$2,945	$484
Albany Engineered Composites	10,062	5,004	5,058
Corporate expenses	-	-	-
Total	$13,491	$7,949	$5,542

Year ended December 31, 2016 (in thousands)	Total restructuring costs incurred		Termination and other costs		Impairment of assets
Machine Clothing	$6,181		$5,756		$425
Albany Engineered Composites	2,314		1,502		812
Corporate expenses	(7	)	(7	)	-
Total	$8,488		$7,251		$1,237

Schedule of Restructuring Liability

The table below presents the changes in restructuring liabilities for 2018 and 2017, all of which related to termination costs:

(in thousands)

December 31,

2017

Restructuring
charges accrued

Payments

Currency
translation/other

December 31,
2018

Total termination and other costs

$3,326

$13,420

$(10,696

)

$(480

)

$5,570

(in thousands)	December 31, 2016	Restructuring charges accrued	Payments		Currency translation/other	December 31, 2017

Total termination and other costs	$5,559	$7,949	$(10,351	)	$169	$3,326

Other Expense, net (Tables)

12 Months Ended

Dec. 31, 2018

Other Income and Expenses [Abstract]

Other Expense, Net

The components of Other Expense, net, are:

(in thousands)	2018		2017		2016
Currency transactions	$(67	)	$4,634		$(3,532	)
Bank fees and amortization of debt issuance costs	417		487		759
Pension settlements and curtailments	1,494				51
Components of net periodic pension and postretirement cost other than service	1,089		2,525		2,305
Gain on insurance recovery	-		(2,000	)	-
Loss due to theft	-		-		2,506
Other	1,104		1,231		313
Total	$4,037		$6,877		$2,402

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax (Benefit)/Expense

The following tables present components of income tax expense/(benefit) and income before income taxes on continuing operations:


(in thousands)	2018		2017		2016
Income tax based on income from continuing operations, at
estimated tax rates of 31%, 32%, and 35%, respectively	$36,044		$17,519		$27,629
Income tax before discrete items	36,044		17,519		27,629

Discrete tax expense(benefit):
Net impact of mandatory deemed repatriation	(1,003	)	5,758		-
Provision for/resolution of tax audits and contingencies, net	1,286		1,329		(2,856	)
Adjustments to prior period tax liabilities	(1,284	)	(840	)	586
Provision for/adjustment to beginning of year valuation allowances	(4,882	)	(3,522	)	(88	)
Enacted tax legislation	2,067		1,879		183
Total income tax expense	$32,228		$22,123		$25,454

Schedule of Income/(Loss) From Continuing Operations

(in thousands)	2018		2017		2016
Income/(loss) before income taxes:
U.S.	$41,875		$(5,865	)	$8,556
Non-U.S.	73,372		60,573		69,710
	$115,247		$54,708		$78,266
Income tax provision
Current:
Federal	$304		$1,551		$3,728
State	4,996		1,770		176
Non-U.S.	21,557		19,282		19,979
	$26,857		$22,603		$23,883
Deferred:
Federal	$10,700		$1,881		$2,138
State	(338	)	(1,237	)	1,984
Non-U.S.	(4,991	)	(1,124	)	(2,551	)
	$5,371		$(480	)	$1,571

Total income tax expense	$32,228		$22,123		$25,454

Schedule of significant components of deferred income tax expense/(benefit)

The significant components of deferred income tax expense/(benefit) are as follows:

(in thousands)	2018		2017		2016
Net effect of temporary differences	$(4,657	)	$(5,774	)	$7,214
Foreign tax credits	9,437		8,340		(6,869	)
Retirement benefits	2,360		(502	)	1,734
Net impact to operating loss carryforwards	1,046		(900	)	(603	)
Enacted changes in tax laws and rates	2,067		1,878		183
Adjustment to beginning-of-the-year valuation allowance balance for changes in circumstances	(4,882	)	(3,522	)	(88	)
Total	$5,371		$(480	)	$1,571

Reconciliation of the U.S. Federal Statutory Tax Rate to the Company's Effective Income Tax Rate

A reconciliation of the U.S. federal statutory tax rate to the Company’s effective income tax rate is as follows:

	2018		2017		2016
U.S. federal statutory tax rate	21.0	%	35.0	%	35.0	%
State taxes, net of federal benefit	2.9		0.4		1.2
Non-U.S. local income taxes	3.3		5.9		3.5
U.S. permanent adjustments	(0.3	)	0.5		1.5
Foreign permanent adjustments	(0.4	)	0.4		1.6
Foreign rate differential	0.2		(10.5	)	(11.3	)
Net U.S. tax on non-U.S. earnings and foreign withholdings	5.7		11.9		5.8
Provision for/resolution of tax audits and contingencies, net	1.1		2.4		(3.4	)
Research and development and other tax credits	(0.1	)	(1.5	)	(1.2	)
Provision for/adjustment to beginning of year valuation allowances	(4.2	)	(6.4	)	(0.1	)
Enacted tax legislation and rate change	1.8		3.0		-
Return to provision and other adjustments	(3.0	)	(0.7	)	(0.1	)
Effective income tax rate	28.0	%	40.4	%	32.5	%

Schedule of Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets and liabilities are as follows:

	U.S.		Non-U.S.
(in thousands)	2018	2017	2018		2017

Noncurrent deferred tax assets:
Accounts receivable	$686	$557	$1,224		$1,341
Inventories	442	1,109	829		961
Deferred compensation	4,460	3,300	1,053		1,362
Depreciation and amortization	-	-	4,252		3,211
Postretirement benefits	14,759	18,286	1,667		1,464
Tax loss carryforwards	1,199	1,368	21,890		22,639
Tax credit carryforwards	30,523	41,920	1,197		1,654
Other	5,834	3,891	-		-
Noncurrent deferred tax assets
before valuation allowance	57,903	70,431	32,112		32,632

Less: valuation allowance	-	-	(8,389	)	(16,057	)
Total noncurrent deferred tax assets	57,903	70,431	23,723		16,575

Total deferred tax assets	$57,903	$70,431	$23,723		$16,575

Noncurrent deferred tax liabilities:
Unrepatriated foreign earnings	$4,028	$914	$-	$-
Depreciation and amortization	12,848	20,170	-	-
Deferred gain	3,762	4,169	-	-
Other	1,162	81	4,750	2,597
Total noncurrent deferred tax liabilities	$21,800	$25,334	$4,750	$2,597

Net deferred tax liabilities	$21,800	$25,334	$4,750	$2,597

Net deferred tax asset	$36,103	$45,097	$18,973	$13,978

Reconciliation of the Beginning and Ending Amount of Unrecognized Tax Benefits

The following table provides a reconciliation of the beginning and ending amount of unrecognized tax benefits, all of which, if recognized, would impact the effective tax rate:

(in thousands)	2018		2017		2016
Unrecognized tax benefits balance at January 1st	$4,509		$4,183		$19,606
Increase in gross amounts of tax positions related to prior years	2,008		480		62
Decrease in gross amounts of tax positions related to prior years	(358	)	(50	)	(2,129	)
Increase in gross amounts of tax positions related to current years	-		-		585
Decrease due to settlements with tax authorities	(1,626	)	(381	)	(14,029	)
Decrease due to lapse in statute of limitations	(479	)	(29	)	(163	)
Currency translation	(264	)	306		251
Unrecognized tax benefits balance at December 31	$3,790		$4,509		$4,183

Schedule of Current Income Taxes Prepaid and Deferred

As of December 31, 2018, and 2017, current income taxes prepaid and receivable consisted of the following:

(in thousands)	2018	2017
Prepaid taxes	$ 4,859	$ 4,872
Taxes receivable	2,614	1,394
Total current income taxes prepaid and receivable	$ 7,473	$ 6,266

Schedule of Non-Current Deferred Taxes and Other Liabilities

As of December 31, 2018, and 2017, noncurrent deferred taxes and other liabilities consisted of the following:

(in thousands)	2018	2017
Deferred income taxes	$ 7,547	$ 9,573
Other liabilities	875	1,418
Total noncurrent deferred taxes and other liabilities	$ 8,422	$ 10,991

Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2018

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:


(in thousands, except market price and earnings per share)	2018	2017	2016

Net income attributable to the Company	$82,891	$33,111	$52,733

Weighted average number of shares:

Weighted average number of shares used in
calculating basic net income per share	32,252	32,169	32,086

Effect of dilutive stock-based compensation plans:

Stock options	15	30	39

Long-term incentive plan	28	45	45

Weighted average number of shares used in
calculating diluted net income per share	32,295	32,244	32,170

Average market price of common stock used
for calculation of dilutive shares	$66.95	$52.19	$40.25

Net income per share:

Basic	$2.57	$1.03	$1.64

Diluted	$2.57	$1.03	$1.64

Accumulated Other Comprehensive Income (Tables)

12 Months Ended

Dec. 31, 2018

Accumulated items of other comprehensive income:

Schedule of Accumulated Other Comprehensive Income

The table below presents changes in the components of AOCI from January 1, 2016 to December 31, 2018:

(in thousands)	Translation adjustments		Pension and postretirement liability adjustments		Derivative valuation adjustment		Total Other Comprehensive Income
January 1, 2016	$(108,655	)	$(48,725	)	$(1,464	)	$(158,844	)
Other comprehensive income/(loss) before reclassifications	(24,643	)	676		804		(23,163	)
Pension/postretirement settlements and curtailments			45				45
Pension/postretirement plan remeasurement			(4,394	)			(4,394	)
Interest expense related to swaps reclassified to the Statements of Income, net of tax					1,488		1,488
Pension and postretirement liability adjustments reclassified to Statements of Income, net of tax			679				679
Net current period other comprehensive income	(24,643	)	(2,994	)	2,292		(25,345	)
December 31, 2016	(133,298	)	(51,719	)	828		(184,189	)
Other comprehensive income/(loss) before reclassifications	45,980		(1,818	)	201		44,363
Pension/postretirement plan remeasurement			2,037				2,037
Interest expense related to swaps reclassified to the Statements of Income, net of tax					924		924
Pension and postretirement liability adjustments reclassified to Statements of Income, net of tax			964				964
Net current period other comprehensive income	45,980		1,183		1,125		48,288
December 31, 2017	(87,318	)	(50,536	)	1,953		(135,901	)
Other comprehensive income/(loss) before reclassifications	(28,658	)	1,275		2,853		(24,530	)
Pension/postretirement settlements and curtailments			1,146				1,146
Pension/postretirement plan remeasurement			443				443
Interest expense related to swaps reclassified to the Statements of Income, net of tax					(109	)	(109	)
Pension and postretirement liability adjustments reclassified to Statements of Income, net of tax			563				563
Net current period other comprehensive income	(28,658	)	3,427		2,744		(22,487	)
December 31, 2018	$(115,976	)	$(47,109	)	$4,697		$(158,388	)

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 Statement of Income that were affected for the years ended December 31, 2018, 2017, and 2016.

(in thousands)	2018			2017			2016
Pretax Derivative valuation reclassified from Accumulated Other Comprehensive Income:
Expense related to interest rate swaps included in Income before taxes (a)		$(146	)		$1,490			$2,400
Income tax effect		37			(566	)		(912	)
Effect on net income due to items reclassified from Accumulated Other Comprehensive Income		$(109	)		$924			$1,488

Pretax pension and postretirement liabilities reclassified from Accumulated Other Comprehensive Income:
Pension/postretirement settlements and curtailments		$1,494			$ -			$51
Amortization of prior service credit		(4,454	)		(4,453	)		(4,450	)
Amortization of net actuarial loss		5,175			5,439			5,102
Total pretax amount reclassified (b)		2,215			986			703

Income tax effect		(506	)		(22	)		21
Effect on net income due to items reclassified from Accumulated Other Comprehensive Income		$1,709			$964			$724

Noncontrolling Interest (Tables)

12 Months Ended

Dec. 31, 2018

Noncontrolling Interest [Abstract]

Schedule of Income Attributable to Noncontrolling Interest and Noncontrolling Equity

(in thousands, except percentages)	2018		2017
Net income/(loss) of ASC	$2,578		$(4,224	)
Less: Return attributable to the Company's preferred holding	1,299		1,032
Net income/(loss) of ASC available for common ownership	$1,279		$(5,256	)
Ownership percentage of noncontrolling shareholder	10%		10%
Net income/(loss) attributable to noncontrolling interest	$128		$(526	)

Noncontrolling interest, beginning of year	$3,247		$3,767
ASC 606 transition effect	(327	)	-
Net income/(loss) attributable to noncontrolling interest	128		(526	)
Changes in other comprehensive income attributable to noncontrolling interest	(17	)	6
Noncontrolling interest, end of year	$3,031		$3,247

Accounts Receivable (Tables)

12 Months Ended

Dec. 31, 2018

Receivables [Abstract]

Schedule of Accounts Receivable

As of December 31, 2018 and 2017, Accounts receivable consisted of the following:

(in thousands)	December 31, 2018		December 31, 2017
Trade and other accounts receivable	$211,244		$152,375
Bank promissory notes	19,269		20,255
Revenue in excess of progress billings	-		37,964
Allowance for doubtful accounts	(7,337	)	(7,919	)
Total accounts receivable	$223,176		$202,675

Schedule of Noncurrent Receivables

As of December 31, 2018 and December 31, 2017, Noncurrent receivables consisted of the following:

(in thousands)

December 31,

2018

December 31,

2017

Noncurrent receivables

$45,061

$32,811

Contract Assets and Liabilities (Tables)

12 Months Ended

Dec. 31, 2018

Contract Assets And Liabilities

Schedule of Contract Assets and Contract Liabilities

(in thousands)

December 31,

2018

December 31,

2017

Contract assets

$57,447

$ -

Contract liabilities

9,025

Inventories (Tables)

12 Months Ended

Dec. 31, 2018

Inventory Disclosure [Abstract]

Schedule of Inventories

As of December 31, 2018 and 2017, inventories consisted of the following:

(in thousands)	December 31, 2018	December 31, 2017
Raw materials	$40,489	$42,215
Work in process	33,181	65,448
Finished goods	12,234	28,856
Total inventories	$85,904	$136,519

Property, Plant and Equipment (Tables)

12 Months Ended

Dec. 31, 2018

Property, Plant and Equipment [Abstract]

Schedule of Property, Plant, and Equipment

The table below sets forth the components of property, plant and equipment as of December 31, 2018 and 2017:

(in thousands)	2018		2017		Estimated useful life

Land and land improvements	$14,287		$14,853		25 years for improvements

Buildings	245,805		239,127		15 to 40 years

Machinery and equipment	989,925		950,519		5 to 15 years

Furniture and fixtures	8,091		8,861		5 years

Computer and other equipment	16,473		15,610		3 to 10 years

Software	60,182		57,847		5 to 8 years

Capital expenditures in progress	46,749		63,951

Property, plant and equipment, gross	1,381,512		1,350,768

Accumulated depreciation and amortization	(919,457	)	(896,466	)

Property, plant and equipment, net	$462,055		$454,302

Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in Intangible Assets and Goodwill

The changes in intangible assets and goodwill from December 31, 2016 to December 31, 2018, were as follows:

(in thousands, except for years)	Amortization life in years	Balance at December 31, 2017	Amortization		Other Changes	Currency Translation		Balance at December 31, 2018

Amortized intangible assets:
AEC trade names	15	$15	$(4	)	$-	$-		$11
AEC technology	15	80	(24	)	-	-		56
AEC customer contracts	6	12,369	(2,913	)	-	-		9,456
AEC customer relationships	15	42,767	(3,229	)	-	-		39,538
AEC other intangibles	5	210	(65	)	-	-		145
Total amortized intangible assets		$55,441	$(6,235	)	$-	$-		$49,206

Unamortized intangible assets:
MC Goodwill		$71,066	$-		$-	$(2,414	)	$68,652
AEC Goodwill		95,730	-		-	-		95,730
Total amortized intangible assets		$166,796	$-		$-	$(2,414	)	$164,382

(in thousands, except for years)	Amortization life in years	Balance at December 31, 2016	Amortization		Other Changes		Currency Translation	Balance at December 31, 2017

Amortized intangible assets:
AEC trade names	15	$20	$(5	)	$-		$-	$15
AEC technology	15	104	(24	)	-		-	80
AEC customer contracts	6	17,859	(3,279	)	(2,211	)	-	12,369
AEC customer relationships	15	47,009	(3,281	)	(961	)	-	42,767
AEC other intangibles	5	1,462	(275	)	(977	)	-	210
Total amortized intangible assets		$66,454	$(6,864	)	$(4,149	)	$-	$55,441

Unamortized intangible assets:
MC Goodwill		$64,645	$-		$-		$6,421	$71,066
AEC Goodwill		95,730	-		-		-	95,730
Total amortized intangible assets		$160,375	$-		$-		$6,421	$166,796

Schedule of Estimated Amortization Expense

Estimated amortization expense of intangibles for the years ending December 31, 2019 through 2023, is as follows:

		Annual amortization
Year		(in thousands)
2019		$6,235
2020		6,235
2021		6,163
2022		3,949
2023		3,228

Accrued Liabilities (Tables)

12 Months Ended

Dec. 31, 2018

Payables and Accruals [Abstract]

Schedule of Accrued Liabilities

Accrued liabilities consist of:

(in thousands)	2018	2017
Salaries and wages	$20,821	$17,916
Accrual for compensated absences	10,636	11,223
Employee benefits	12,316	13,553
Workers' compensation	1,794	2,397
Pension liability - current portion	2,124	2,094
Postretirement medical benefits - current portion	3,890	4,108
Returns and allowances	11,343	11,370
Contract liabilities	9,025	-
Billings in excess of revenue recognized	-	2,569
Contract loss reserve	20,708	11,902
Professional fees	2,575	2,310
Utilities	974	910
Dividends	5,808	5,474
Restructuring costs	5,534	2,714
Interest	901	817
Other	20,581	16,557
Total	$129,030	$105,914

Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2018

Long-term Debt and Capital Lease Obligations [Abstract]

Schedule of Long-Term Debt

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

(in thousands, except interest rates)	2018		2017

Revolving credit agreement with borrowings outstanding at an end of period interest rate of 3.69% in 2018 and 3.40% in 2017 (including the effect of interest rate hedging transactions, as described below), due in 2022	$499,000		$501,000

Finance obligation	25,931		14,919

Long-term debt	524,931		515,919

Less: current portion	(1,224	)	(1,799	)

Long-term debt, net of current portion	$523,707		$514,120

Schedule of Future Minimum Annual Finance Obilgations

The following schedule presents future minimum annual payments under the finance obligation and the present value of the minimum payments, as of December 31, 2018.

Years ending December 31,	(in thousands)
2019	$ 2,472
2020	2,995
2021	2,997
2022	3,054
2023	3,277
Thereafter	18,930
Total minimum payments	33,725
Less: Amount representing interest	(7,794	)
Present value of minimum payments	$ 25,931

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.

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Schedule of Fair Value of Financial Assets and Liabilities

Fair-Value Measurements (Tables)

12 Months Ended

Dec. 31, 2018

Fair Value Disclosures [Abstract]

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:

	December 31, 2018			December 31, 2017
	Quoted prices in active markets	Significant other observable inputs		Quoted prices in active markets	Significant other observable inputs
(in thousands)	(Level 1)	(Level 2)		(Level 1)	(Level 2)
Fair Value
Assets:
Cash equivalents	$14,234	$-		$13,601	$-
Other Assets:
Common stock of unaffiliated foreign public company (a)	731	-		999	-
Interest rate swaps	-	4,548	^(b)	-	313	^(c)

	(a)	Original cost basis $0.5 million.
	(b)	Net of $32.0 million receivable floating leg and $27.5 million liability fixed leg
	(c)	Net of $34.9 million receivable floating leg and $34.6 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 expense, net in the Consolidated Statements of Income were as follows:

	Years ended December 31,
(in thousands)	2018			2017			2016

Derivatives not designated as hedging instruments
Foreign currency options gains/(losses)		$(61	)		$(131	)		$202

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.

Other Liabilities Disclosure [Abstract]

Other Noncurrent Liabilities (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of Other Noncurrent Liabilities

As of December 31, 2018 and 2017, Other noncurrent liabilities consisted of the following:

(in thousands)	2018		2017

Pension liabilities		$34,590		$39,473
Postretirement benefits other than pensions		47,237		54,423
Obligations under license agreement		-		897
Incentive and deferred compensation		3,810		3,048
Restructuring		100		600
Other		2,540		3,114
Total		$88,277		$101,555

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2018

Commitments and Contingencies Disclosure [Abstract]

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
2013	4,463	230	66	4,299	$78
2014	4,299	625	147	3,821	437
2015	3,821	116	86	3,791	164
2016	3,791	148	102	3,745	758
2017	3,745	105	90	3,730	55
2018	3,730	152	106	3,684	$100

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

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Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock Options and Incentive Plans (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of Stock Option Activity

Activity with respect to these plans is as follows:

	2018		2017		2016
Shares under option January 1		29,340		62,390		88,773
Options canceled		-		150		-
Options exercised		10,400		32,900		26,383
Shares under option at December 31		18,940		29,340		62,390
Options exercisable at December 31		18,940		29,340		62,390

The weighted average exercise price is as follows:

	2018		2017		2016
Shares under option January 1		$18.40		$18.28		$18.67
Options canceled		-		20.63		-
Options exercised		19.38		18.16		19.60
Shares under option December 31		17.87		18.40		18.28
Options exercisable December 31		17.87		18.40		18.28

Schedule of Executive Management Share-based Compensation Activity

As of December 31, 2018, there were 1,146,440 shares of Company stock authorized for the payment of awards under these plans. Information with respect to these plans is presented below:

	Number of shares			Weighted average grant date value per share		Year-end intrinsic value (000's)
Shares potentially payable at January 1, 2016		188,308			$35.35		$6,657
Forfeitures		-			-
Payments		(86,926	)		$33.43
Shares accrued based on 2016 performance		88,036			$36.78
Shares potentially payable at December 31, 2016		189,418			$36.90		$6,989
Forfeitures		-			-
Payments		(75,545	)		$36.35
Shares accrued based on 2017 performance		43,532			$48.26
Shares potentially payable at December 31, 2017		157,405			$40.30		$6,343
Forfeitures		-
Payments		(79,762	)		$39.90
Shares accrued based on 2018 performance		34,822			$70.59
Shares potentially payable at December 31, 2018		112,465			$49.96		$5,619

Schedule of Other Management Share-based Compensation Activity

	Number of shares			Weighted average value per share		Cash paid for share based liabilities (000's)
Share units potentially payable at January 1, 2016		252,866
Grants		118,279
Changes due to performance		18,779
Payments		(88,073	)		$33.20		$2,924
Forfeitures		(40,706	)
Share units potentially payable at December 31, 2016		261,145
Grants		96,505
Changes due to performance		(11,891	)
Payments		(89,190	)		$46.64		$4,160
Forfeitures		(20,473	)
Share units potentially payable at December 31, 2017		236,096
Grants		65,370
Changes due to performance		14,343
Payments		(75,545	)		$62.69		$4,736
Forfeitures		(12,963	)
Share units potentially payable at December 31, 2018		227,301

Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2018

Stockholders' Equity Note [Abstract]

Schedule of Activity in Shareholders' Equity

Activity in Shareholders’ equity for 2016, 2017, and 2018 is presented below:

	Class A Common Stock		Class B Common Stock			Additional paid-in capital	Retained earnings		Accumulated items of other comprehensive income		Class A Treasury Stock				Noncontrolling Interest
(in thousands)	Shares	Amount	Shares		Amount						Shares		Amount
January 1, 2016	37,239	$37	3,235		$3	$423,108	$491,950		$(158,844	)	8,455		$(257,391	)	$3,690
Net income	-	-	-		-	-	52,733		-		-		-		79
Compensation and benefits paid or payable in shares	53	-	-		-	1,980	-		-		-		-		-
Options exercised	26	-	-		-	667	-		-		-		-		-
Shares issued to Directors'	1	-	(1	)	-	198	-		-		(12)		255		-
Dividends declared	-	-	-		-	-	(21,828	)	-		-		-		-

Cumulative translation adjustments	-	-	-		-	-	-		(24,643	)	-		-		(2	)
Pension and postretirement liability adjustments	-	-	-		-	-	-		(2,994	)	-		-		-
Derivative valuation adjustment	-	-	-		-	-	-		2,292		-		-		-
December 31, 2016	37,319	$37	3,234		$3	$425,953	$522,855		$(184,189	)	8,443		$(257,136	)	$3,767
Net income	-	-	-		-	-	33,111		-		-		-		(526	)
Compensation and benefits paid or payable in shares	44	-	-		-	1,564	-		-		-		-		-
Options exercised	33	-	-		-	597	-		-		-		-		-
Shares issued to Directors'	-	-	-		-	309	-		-		(12	)	260		-
Dividends declared	-	-	-		-	-	(21,884	)	-		-		-		-

Cumulative translation adjustments	-	-	-		-	-	-		45,980		-		-		6
Pension and postretirement liability adjustments	-	-	-		-	-	-		1,183		-		-		-
Derivative valuation adjustment	-	-	-		-	-	-		1,125		-		-		-
December 31, 2017	37,396	$37	3,234		$3	$428,423	$534,082		$(135,901	)	8,431		$(256,876	)	$3,247
Net income	-	-	-		-	-	82,891		-		-		-		128
Adoption of accounting standards (a),(b)	-	-	-		-	-	(5,068)		-		-		-		(327)
Compensation and benefits paid or payable in shares	44	-	-		-	1,437	-		-		-		-		-
Options exercised	10	-	-		-	201	-		-		-		-		-
Shares issued to Directors'	-	-	-		-	494	-		-		(12)		273		-
Dividends declared	-	-	-		-	-	(22,260)		-		-		-		-

Cumulative translation adjustments	-	-	-		-	-	-		(28,658)		-		-		(17)
Pension and postretirement liability adjustments	-	-	-		-	-	-		3,427		-		-		-
Derivative valuation adjustment	-	-	-		-	-	-		2,744		-		-		-
December 31, 2018	37,450	$37	3,234		$3	$430,555	$589,645		$(158,388)		8,419		$(256,603)		$3,031

(b) As described in Note 7, the Company adopted ASU 2016-16 effective January 1, 2018, which resulted in a $0.5 million increase to Retained earnings.

Business Acquisition (Tables)

12 Months Ended

Dec. 31, 2018

Business Combinations [Abstract]

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

(in thousands)	April 8, 2016
Assets acquired
Accounts receivable	$15,443
Inventories	16,670
Prepaid expenses and other current assets	402
Property, plant and equipment	62,784
Intangibles	71,630
Goodwill	95,730
Total assets acquired	$262,659

Liabilities assumed
Accounts payable	$10,323
Accrued liabilities	2,862
Finance obligation	17,560
Deferred income taxes	33,143
Other noncurrent liabilities	11,771
Total liabilities assumed	$75,659

Net assets acquired	$187,000

Schedule of Operational Results of Acquired Business

The following table presents operational results of the acquired entity that are included in the Consolidated Statements of Income (unaudited):

(in thousands, except per share amounts)	April 8 to December 31, 2016
Net sales	$67,011
Operating loss	(1,246	)
Loss before income taxes	(2,342)
Net loss attributable to the Company	(1,495	)

Loss per share:
Basic	$(0.05	)
Diluted:	$(0.05	)

Schedule of Proforma Statement of Operations

	Unaudited - Pro forma
(in thousands, except per share amounts)	2016
Combined Net sales	$802,023

Combined Income before income taxes	$80,639

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

Acquisition accounting adjustments:
Depreciation and amortization on property, plant and equipment, and intangible assets	(1,575	)
Valuation of contract inventories	1,997
Interest expense on finance obligation	300
Interest expense on other obligations	(133	)
Pro forma Income before income taxes	$85,213

Pro forma Net Income attributable to the Company	$57,229

Quarterly Financial Data (Tables)

12 Months Ended

Dec. 31, 2018

Quarterly Financial Data [Abstract]

Schedule of Quarterly Data

(in millions, except per share amounts)
2018	1st	2nd	3rd	4th	Total
Net sales
Machine Clothing	$141.8	$161.8	$157.6	$150.7	$611.9
Albany Engineered Composites	81.8	93.6	94.3	100.9	370.6
Total	$223.6	$255.4	$251.9	$251.6	$982.5

Gross profit
Machine Clothing	$66.3	$79.1	$78.7	$73.3	$297.4
Albany Engineered Composites	11.5	12.6	13.7	14.7	52.5
Corporate expenses	(0.1)	0.0	0.0	(0.1)	(0.2)
Total	$77.7	$91.7	$92.4	$87.9	$349.7

Operating income
Machine Clothing	$26.9	$50.3	$49.7	$42.9	$169.8
Albany Engineered Composites	2.3	4.1	3.6	6.6	16.6
Corporate expenses	(12.2)	(12.2)	(12.5)	(12.1)	(49.0)
Total	$17.0	$42.2	$40.8	$37.4	$137.4

Net income attributable to the Company	$7.7	$29.9	$27.7	$17.6	$82.9
Basic earnings per share	0.24	0.93	0.86	0.54	2.57
Diluted earnings per share	0.24	0.93	0.86	0.54	2.57
Cash dividends per share	0.17	0.17	0.17	0.18	0.69
Class A Common Stock prices:
High	67.30	65.45	81.40	78.31
Low	60.05	58.35	60.70	58.41

2017	1st	2nd	3rd	4th	Total
Net sales	$199.3	$215.6	$222.1	$226.7	$863.7
Gross profit	76.0	63.2	79.6	77.5	296.3
Net income attributable to the Company	10.8	1.1	15.3	5.9	33.1
Basic earnings per share	0.34	0.03	0.47	0.19	1.03
Diluted earnings per share	0.34	0.03	0.47	0.19	1.03
Cash dividends per share	0.17	0.17	0.17	0.17	0.68
Class A Common Stock prices:
High	49.05	53.40	57.60	65.25
Low	43.90	43.90	50.25	56.45

2016	1st	2nd	3rd	4th	Total
Net sales	$172.3	$203.2	$191.3	$213.0	$779.8
Gross profit	72.7	78.5	72.6	77.5	301.3
Net income attributable to the Company	13.5	10.4	13.1	15.7	52.7
Basic earnings per share	0.42	0.32	0.41	0.49	1.64
Diluted earnings per share	0.42	0.32	0.41	0.49	1.64
Cash dividends per share	0.17	0.17	0.17	0.17	0.68
Class A Common Stock prices:
High	38.21	41.31	43.78	49.25
Low	31.43	37.27	38.92	38.65

		1st quarter 2018			2nd quarter 2018
(in millions, except per share amounts)		As previously reported	Increase / (decrease)	As revised	As previously reported	Increase / (decrease)	As revised
Machine Clothing segment
	Net sales	$148.2	$(6.4)	$141.8	$162.6	$(0.8)	$161.8
	Gross profit	70.2	(3.9)	66.3	79.6	(0.5)	79.1
	Operating income	30.8	(3.9)	26.9	50.8	(0.5)	50.3

Total Company
	Net income attributable to the Company	10.2	(2.5)	7.7	30.4	(0.5)	29.9
	Basic earnings per share	0.32	(0.08)	0.24	0.94	(0.01)	0.93
	Diluted earnings per share	0.32	(0.08)	0.24	0.94	0.01)	0.93


		3rd quarter 2018			First 3 quarters of 2018
(in millions, except per share amounts)		As previously reported	Increase / (decrease)	As revised	As previously reported	Increase / (decrease)	As revised
Machine Clothing segment
	Net sales	$159.0	$(1.4)	$157.6	$469.8	$(8.6)	$461.2
	Gross profit	79.4	(0.7)	78.7	229.2	(5.1)	224.1
	Operating income	50.3	(0.6)	49.7	131.9	(5.0)	126.9

Total Company
	Net income attributable to the Company	28.2	(0.5)	27.7	68.8	(3.5)	65.3
	Basic earnings per share	0.87	(0.01)	0.86	2.13	(0.11)	2.02
	Diluted earnings per share	0.87	(0.01)	0.86	2.13	(0.11)	2.02

Accounting Policies (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Research expense													$ 29,800	$ 30,700	$ 28,800
Capitalized salaries, travel, and consulting costs related to software development													1,200	1,200
Defined benefit pension plan assets	$ 14,200				$ 16,200								14,200	16,200
Gross profit	87,900	$ 92,400	$ 91,700	$ 77,700	77,500	$ 79,600	$ 63,200	$ 76,000	$ 77,500	$ 72,600	$ 78,500	$ 72,700	349,749	296,283	301,284
Cumulative adjustment to accounts receivable on reclassification													8,500
Contract assets receivable	$ 47,400												47,400
Recorded Charge on BR contract							15,800						632,730	567,434	478,555
Inventory write off							4,000
Reduction to Cost of goods sold													4,900
Write-off deferred contract costs
Reserve for additional anticipated losses							$ 11,800
Interest rate on contract receivables	2.00%												2.00%
Extended payment term of receivables													Over a 10 year period starting in 2020
Percentage of estimate revenue of services													5.00%
Contracts Accounted for under Percentage of Completion [Member]
Gross profit													$ (500)	(600)	$ 1,500
Long term contract [Member]
Gross profit	$ 1,500
Unfavorable adjustment charge due to ramp-up inefficiencies	400				400
Financial Assets [Member]
Defined benefit pension plan assets	5,300				1,300								5,300	1,300
Russia Entity [Member]
Equity method investment	$ 400				$ 500								$ 400	$ 500

Accounting Policies (Schedule of Foreign Currency Transaction Gains and Losses) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Accounting Policies [Abstract]
Selling, general, and administrative expense	$ (274)	$ 4,127	$ (381)
Other (income)/expense, net	(67)	4,634	(3,532)
Total transaction (gains)/losses	(341)	8,761	(3,913)
Gain on long-term intercompany loans		$ 1,867	$ 3,515

Revenue Recognition (Narrative) (Details) $ in Thousands	Dec. 31, 2018 USD ($)
Revenue Recognition [Abstract]
Performance obligations	$ 82,000
Remaining performance obligation expected to be recognized during 2019	$ 57,000

Revenue Recognition (Schedule of Consolidated Balance Sheet) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 197,755	$ 183,727	$ 181,742	$ 185,113
Accounts receivable, net	223,176	202,675
Contract assets	57,447
Inventories	85,904	136,519
Income taxes prepaid and receivable	7,473	6,266
Prepaid expenses and other current assets	21,294	14,520
Total current assets	593,049	543,707
Property, plant and equipment, net	462,055	454,302	422,564
Intangibles, net	49,206	55,441
Goodwill	164,382	166,796	160,375
Deferred income taxes	62,622	68,648
Noncurrent receivable	45,061	32,811
Other assets	41,617	39,493
Total assets	1,417,992	1,361,198	$ 1,263,433
Current liabilities:
Notes and loans payable		262
Accounts payable	52,246	44,899
Accrued liabilities	129,030	105,914
Current maturities of long-term debt	1,224	1,799
Income taxes payable	6,806	8,643
Total current liabilities	189,306	161,517
Long-term debt	523,707	514,120
Other noncurrent liabilities	88,277	101,555
Deferred taxes and other liabilities	8,422	10,991
Total liabilities	809,712	788,183
Commitments and Contingencies
Shareholders' Equity
Preferred stock, par value $5.00 per share; authorized 2,000,000 shares; none issued
Additional paid-in capital	430,555	428,423
Retained earnings	589,645	534,082
Accumulated items of other comprehensive income:
Translation adjustments	(115,976)	(87,318)
Pension and postretirement liability adjustments	(47,109)	(50,536)
Derivative valuation adjustment	4,697	1,953
Treasury stock (Class A), at cost; 8,431,335 shares in 2017	(256,603)	(256,876)
Total Company shareholders' equity	605,249	569,768
Noncontrolling interest	3,031	3,247
Total equity	608,280	573,015
Total liabilities and shareholders' equity	1,417,992	1,361,198
Common Class A [Member]
Shareholders' Equity
Common Stock	37	37
Common Class B [Member]
Shareholders' Equity
Common Stock	$ 3	3
As previously Reported [Member]
Current assets:
Cash and cash equivalents		183,727
Accounts receivable, net		202,675
Contract assets
Inventories		136,519
Income taxes prepaid and receivable		6,266
Prepaid expenses and other current assets		14,520
Total current assets		543,707
Property, plant and equipment, net		454,302
Intangibles, net		55,441
Goodwill		166,796
Deferred income taxes		68,648
Noncurrent receivable		32,811
Other assets		39,493
Total assets		1,361,198
Current liabilities:
Notes and loans payable		262
Accounts payable		44,899
Accrued liabilities		105,914
Current maturities of long-term debt		1,799
Income taxes payable		8,643
Total current liabilities		161,517
Long-term debt		514,120
Other noncurrent liabilities		101,555
Deferred taxes and other liabilities		10,991
Total liabilities		788,183
Commitments and Contingencies
Shareholders' Equity
Preferred stock, par value $5.00 per share; authorized 2,000,000 shares; none issued
Additional paid-in capital		428,423
Retained earnings		534,082
Accumulated items of other comprehensive income:
Translation adjustments		(87,318)
Pension and postretirement liability adjustments		(50,536)
Derivative valuation adjustment		1,953
Treasury stock (Class A), at cost; 8,431,335 shares in 2017		(256,876)
Total Company shareholders' equity		569,768
Noncontrolling interest		3,247
Total equity		573,015
Total liabilities and shareholders' equity		1,361,198
As previously Reported [Member] \| Common Class A [Member]
Shareholders' Equity
Common Stock		37
As previously Reported [Member] \| Common Class B [Member]
Shareholders' Equity
Common Stock		3
Adjustments Increase/(decrease) [Member]
Current assets:
Cash and cash equivalents
Accounts receivable, net		8,486
Contract assets		47,415
Inventories		(48,583)
Income taxes prepaid and receivable
Prepaid expenses and other current assets
Total current assets		7,318
Property, plant and equipment, net
Intangibles, net
Goodwill
Deferred income taxes		2,889
Noncurrent receivable
Other assets		1,119
Total assets		11,326
Current liabilities:
Notes and loans payable
Accounts payable
Accrued liabilities		17,217
Current maturities of long-term debt
Income taxes payable
Total current liabilities		17,217
Long-term debt
Other noncurrent liabilities
Deferred taxes and other liabilities		52
Total liabilities		17,269
Commitments and Contingencies
Shareholders' Equity
Preferred stock, par value $5.00 per share; authorized 2,000,000 shares; none issued
Additional paid-in capital
Retained earnings		(5,616)
Accumulated items of other comprehensive income:
Translation adjustments
Pension and postretirement liability adjustments
Derivative valuation adjustment
Treasury stock (Class A), at cost; 8,431,335 shares in 2017
Total Company shareholders' equity		(5,616)
Noncontrolling interest		(327)
Total equity		(5,943)
Total liabilities and shareholders' equity		11,326
Adjustments Increase/(decrease) [Member] \| Common Class A [Member]
Shareholders' Equity
Common Stock
Adjustments Increase/(decrease) [Member] \| Common Class B [Member]
Shareholders' Equity
Common Stock
Opening balance, as adjusted, January 1, 2018 [Member]
Current assets:
Cash and cash equivalents		183,727
Accounts receivable, net		211,161
Contract assets		47,415
Inventories		87,936
Income taxes prepaid and receivable		6,266
Prepaid expenses and other current assets		14,520
Total current assets		551,025
Property, plant and equipment, net		454,302
Intangibles, net		55,441
Goodwill		166,796
Deferred income taxes		71,537
Noncurrent receivable		32,811
Other assets		40,612
Total assets		1,372,524
Current liabilities:
Notes and loans payable		262
Accounts payable		44,899
Accrued liabilities		123,131
Current maturities of long-term debt		1,799
Income taxes payable		8,643
Total current liabilities		178,734
Long-term debt		514,120
Other noncurrent liabilities		101,555
Deferred taxes and other liabilities		11,043
Total liabilities		805,452
Commitments and Contingencies
Shareholders' Equity
Preferred stock, par value $5.00 per share; authorized 2,000,000 shares; none issued
Additional paid-in capital		428,423
Retained earnings		528,466
Accumulated items of other comprehensive income:
Translation adjustments		(87,318)
Pension and postretirement liability adjustments		(50,536)
Derivative valuation adjustment		1,953
Treasury stock (Class A), at cost; 8,431,335 shares in 2017		(256,876)
Total Company shareholders' equity		564,152
Noncontrolling interest		2,920
Total equity		567,072
Total liabilities and shareholders' equity		1,372,524
Opening balance, as adjusted, January 1, 2018 [Member] \| Common Class A [Member]
Shareholders' Equity
Common Stock		37
Opening balance, as adjusted, January 1, 2018 [Member] \| Common Class B [Member]
Shareholders' Equity
Common Stock		$ 3

Revenue Recognition (Schedule of Consolidated Balance Sheet) (Details) (Parenthetical) - $ / shares	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
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
Common Stock, shares outstanding	32,300,000	32,200,000	32,100,000
Treasury stock, shares	8,418,620	8,431,335
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	37,450,329	37,395,753
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	3,233,998	3,233,998
Common Stock, shares outstanding	3,233,998	3,233,998
As previously Reported [Member]
Preferred Stock, par value per share		$ 5.00
Preferred Stock, shares authorized		2,000,000
Preferred Stock, shares issued		0
As previously Reported [Member] \| Common Class A [Member]
Common Stock, par value per share		$ 0.001
Common Stock, shares authorized		100,000,000
Common Stock, shares issued		37,395,753
Treasury stock, shares		8,431,335
As previously Reported [Member] \| Common Class B [Member]
Common Stock, par value per share		$ 0.001
Common Stock, shares authorized		25,000,000
Common Stock, shares issued		3,233,998
Common Stock, shares outstanding		3,233,998
Adjustments Increase/(decrease) [Member]
Preferred Stock, par value per share		$ 5.00
Preferred Stock, shares authorized		2,000,000
Preferred Stock, shares issued		0
Adjustments Increase/(decrease) [Member] \| Common Class A [Member]
Common Stock, par value per share		$ 0.001
Common Stock, shares authorized		100,000,000
Common Stock, shares issued		37,395,753
Adjustments Increase/(decrease) [Member] \| Common Class B [Member]
Common Stock, par value per share		$ 0.001
Common Stock, shares authorized		25,000,000
Common Stock, shares issued		3,233,998
Common Stock, shares outstanding		3,233,998
Opening balance, as adjusted, January 1, 2018 [Member]
Preferred Stock, par value per share		$ 5.00
Preferred Stock, shares authorized		2,000,000
Preferred Stock, shares issued		0
Opening balance, as adjusted, January 1, 2018 [Member] \| Common Class A [Member]
Common Stock, par value per share		$ 0.001
Common Stock, shares authorized		100,000,000
Common Stock, shares issued		37,395,753
Opening balance, as adjusted, January 1, 2018 [Member] \| Common Class B [Member]
Common Stock, par value per share		$ 0.001
Common Stock, shares authorized		25,000,000
Common Stock, shares issued		3,233,998
Common Stock, shares outstanding		3,233,998

Revenue Recognition (Schedule of Summary of Composition of Each Business Segment) (Details)	12 Months Ended
	Dec. 31, 2018
Machine Clothing [Member]
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]
Segment	Machine Clothing (MC)
Reporting Unit	Machine Clothing
Principal Product or Service	Paper machine clothing: Permeable and impermeable belts used in the manufacture of paper, paperboard, tissue and towel, and pulp Engineered fabrics: Belts used in the manufacture of nonwovens, fiber cement and several other industrial applications
Principal Locations	World-wide
Engineered Composites [Member]
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]
Segment	Albany Engineered Composites (AEC)
Reporting Unit	Albany Safran Composites (ASC) Airframe and engine Components (Other AEC)
Principal Product or Service	3D-woven, injected composite components for aircraft engines Composite airframe and engine components for military and commercial aircraft
Principal Locations	Rochester, NH Commercy, France Queretaro, Mexico Salt Lake City, UT Boerne, TX Queretaro, Mexico

Revenue Recognition (Schedule of Disaggregate Revenue for Each Business Segment) (Details) - USD ($) $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Disaggregation of Revenue [Line Items]
Total Revenue	$ 251,600	$ 251,900	$ 255,400	$ 223,600	$ 226,700	$ 222,100	$ 215,600	$ 199,300	$ 213,000	$ 191,300	$ 203,200	$ 172,300	$ 982,479	$ 863,717	$ 779,839
Machine Clothing [Member]
Disaggregation of Revenue [Line Items]
Total Revenue													611,858	590,357	582,190
Albany Engineered Composites ASC [Member]
Disaggregation of Revenue [Line Items]
Total Revenue													182,699
Albany Engineered Composites Other AEC [Member]
Disaggregation of Revenue [Line Items]
Total Revenue													187,922
Engineered Composites [Member]
Disaggregation of Revenue [Line Items]
Total Revenue													370,621	$ 273,360	$ 197,649
Point in Time Revenue Recognition [Member]
Disaggregation of Revenue [Line Items]
Total Revenue													630,272
Point in Time Revenue Recognition [Member] \| Machine Clothing [Member]
Disaggregation of Revenue [Line Items]
Total Revenue													608,658
Point in Time Revenue Recognition [Member] \| Albany Engineered Composites ASC [Member]
Disaggregation of Revenue [Line Items]
Total Revenue
Point in Time Revenue Recognition [Member] \| Albany Engineered Composites Other AEC [Member]
Disaggregation of Revenue [Line Items]
Total Revenue													21,614
Point in Time Revenue Recognition [Member] \| Engineered Composites [Member]
Disaggregation of Revenue [Line Items]
Total Revenue													21,614
Over Time Revenue Recognition [Member]
Disaggregation of Revenue [Line Items]
Total Revenue													352,207
Over Time Revenue Recognition [Member] \| Machine Clothing [Member]
Disaggregation of Revenue [Line Items]
Total Revenue													3,200
Over Time Revenue Recognition [Member] \| Albany Engineered Composites ASC [Member]
Disaggregation of Revenue [Line Items]
Total Revenue													182,699
Over Time Revenue Recognition [Member] \| Albany Engineered Composites Other AEC [Member]
Disaggregation of Revenue [Line Items]
Total Revenue													166,308
Over Time Revenue Recognition [Member] \| Engineered Composites [Member]
Disaggregation of Revenue [Line Items]
Total Revenue													$ 349,007

Revenue Recognition (Schedule of Disaggregate MC Segment Revenue by Significant Product or Service) (Details) - USD ($) $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Disaggregation of Revenue [Line Items]
Net sales	$ 251,600	$ 251,900	$ 255,400	$ 223,600	$ 226,700	$ 222,100	$ 215,600	$ 199,300	$ 213,000	$ 191,300	$ 203,200	$ 172,300	$ 982,479	$ 863,717	$ 779,839
Machine Clothing [Member]
Disaggregation of Revenue [Line Items]
Net sales													611,858	$ 590,357	$ 582,190
Americas PMC [Member]
Disaggregation of Revenue [Line Items]
Net sales													303,768
Eurasia PMC [Member]
Disaggregation of Revenue [Line Items]
Net sales													227,493
Engineered Fabrics [Member]
Disaggregation of Revenue [Line Items]
Net sales													$ 80,597

Revenue Recognition (Schedule of Consolidated Statement of Income) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Net sales	$ 251,600	$ 251,900	$ 255,400	$ 223,600	$ 226,700	$ 222,100	$ 215,600	$ 199,300	$ 213,000	$ 191,300	$ 203,200	$ 172,300	$ 982,479	$ 863,717	$ 779,839
Cost of goods sold							15,800						632,730	567,434	478,555
Gross profit	87,900	92,400	91,700	77,700	77,500	79,600	63,200	76,000	77,500	72,600	78,500	72,700	349,749	296,283	301,284
Selling, general and administrative expenses													156,189	162,942	158,358
Technical and research expenses													40,582	41,174	40,306
Restructuring expenses, net													15,570	13,491	8,488
Operating income	37,400	40,800	42,200	17,000									137,408	78,676	94,132
Other expense, net													4,037	6,877	2,402
Income before income taxes													115,247	54,708	78,266
Income tax expense													32,228	22,123	25,454
Net income													83,019	32,585	52,812
Net income/(loss) attributable to the noncontrolling interest													128	(526)	79
Net income attributable to the Company	$ 17,600	$ 27,700	$ 29,900	$ 7,700	$ 5,900	$ 15,300	$ 1,100	$ 10,800	$ 15,700	$ 13,100	$ 10,400	$ 13,500	$ 82,891	$ 33,111	$ 52,733
Earnings per share attributable to Company shareholders - Basic	$ 0.54	$ 0.86	$ 0.93	$ 0.24	$ 0.19	$ 0.47	$ 0.03	$ 0.34	$ 0.49	$ 0.41	$ 0.32	$ 0.42	$ 2.57	$ 1.03	$ 1.64
Earnings per share attributable to Company shareholders - Diluted	$ 0.54	$ 0.86	$ 0.93	$ 0.24	$ 0.19	$ 0.47	$ 0.03	$ 0.34	$ 0.49	$ 0.41	$ 0.32	$ 0.42	$ 2.57	$ 1.03	$ 1.64
As reported [Member]
Net sales													$ 982,479
Cost of goods sold													632,730
Gross profit													349,749
Selling, general and administrative expenses													156,189
Technical and research expenses													40,582
Restructuring expenses, net													15,570
Operating income													137,408
Interest income													(2,118)
Interest expense													20,242
Other expense, net													(4,037)
Income before income taxes													115,247
Income tax expense													32,228
Net income													83,019
Net income/(loss) attributable to the noncontrolling interest													128
Net income attributable to the Company													$ 82,891
Earnings per share attributable to Company shareholders - Basic													$ 2.57
Earnings per share attributable to Company shareholders - Diluted													$ 2.57
Adjustments to reverse effects of ASC 606 [Member]
Net sales													$ 7,120
Cost of goods sold													10,433
Gross profit													(3,313)
Selling, general and administrative expenses													12
Technical and research expenses
Restructuring expenses, net
Operating income													(3,325)
Interest income
Interest expense
Other expense, net
Income before income taxes													(3,325)
Income tax expense													(877)
Net income													(2,448)
Net income/(loss) attributable to the noncontrolling interest													(129)
Net income attributable to the Company													$ (2,319)
Earnings per share attributable to Company shareholders - Basic													$ (0.07)
Earnings per share attributable to Company shareholders - Diluted													$ (0.07)
As adjusted to exclude adoption of ASC 606 [Member]
Net sales													$ 989,599
Cost of goods sold													643,163
Gross profit													346,436
Selling, general and administrative expenses													156,201
Technical and research expenses													40,582
Restructuring expenses, net													15,570
Operating income													134,083
Interest income													(2,118)
Interest expense													20,242
Other expense, net													(4,037)
Income before income taxes													111,922
Income tax expense													31,351
Net income													80,571
Net income/(loss) attributable to the noncontrolling interest													(1)
Net income attributable to the Company													$ 80,572
Earnings per share attributable to Company shareholders - Basic													$ 2.50
Earnings per share attributable to Company shareholders - Diluted													$ 2.50

Revenue Recognition (Schedule of Consolidated Statement of Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Net income	$ 83,019	$ 32,585	$ 52,812
Other comprehensive income/(loss), before tax:
Foreign currency translation adjustments	(27,383)	44,162	(23,967)
Pension/postretirement settlements and curtailments	1,494		51
Pension/postretirement plan remeasurement	851	2,955	(5,498)
Amortization of pension liability adjustments:
Prior service credit	(4,454)	(4,453)	(4,450)
Net actuarial loss	(5,175)	(5,439)	(5,102)
Payments related to interest rate swaps included in earnings	(146)	1,490	2,400
Derivative valuation adjustment	3,832	325	1,297
Income taxes related to items of other comprehensive income/(loss):
Pension/postretirement settlements and curtailments	(408)	(918)	1,104
Amortization of pension liability adjustments	(158)	(22)	27
Payments related to interest rate swaps included in earnings	37	(566)	(912)
Derivative valuation adjustment	(979)	(124)	(493)
Comprehensive income	60,532	80,873	27,467
Comprehensive income/(loss) attributable to the noncontrolling interest	111	(520)	77
Comprehensive income attributable to the Company	60,421	$ 81,393	$ 27,390
As reported [Member]
Net income	83,019
Other comprehensive income/(loss), before tax:
Foreign currency translation adjustments	(27,383)
Pension/postretirement settlements and curtailments	1,494
Pension/postretirement plan remeasurement	851
Amortization of pension liability adjustments:
Prior service credit	(4,454)
Net actuarial loss	5,175
Payments related to interest rate swaps included in earnings	(146)
Derivative valuation adjustment	3,832
Income taxes related to items of other comprehensive income/(loss):
Pension/postretirement settlements and curtailments	(348)
Pension/postretirement plan remeasurement	(408)
Amortization of pension liability adjustments	(158)
Payments related to interest rate swaps included in earnings	37
Derivative valuation adjustment	(979)
Comprehensive income	60,532
Comprehensive income/(loss) attributable to the noncontrolling interest	111
Comprehensive income attributable to the Company	60,421
Adjustments to reverse effects of ASC 606 [Member]
Net income	(2,448)
Other comprehensive income/(loss), before tax:
Foreign currency translation adjustments	575
Pension/postretirement settlements and curtailments
Pension/postretirement plan remeasurement
Amortization of pension liability adjustments:
Prior service credit
Net actuarial loss
Payments related to interest rate swaps included in earnings
Derivative valuation adjustment
Income taxes related to items of other comprehensive income/(loss):
Pension/postretirement settlements and curtailments
Pension/postretirement plan remeasurement
Amortization of pension liability adjustments
Payments related to interest rate swaps included in earnings
Derivative valuation adjustment
Comprehensive income	(1,873)
Comprehensive income/(loss) attributable to the noncontrolling interest	(129)
Comprehensive income attributable to the Company	(1,744)
As adjusted to exclude adoption of ASC 606 [Member]
Net income	80,571
Other comprehensive income/(loss), before tax:
Foreign currency translation adjustments	(26,808)
Pension/postretirement settlements and curtailments	1,494
Pension/postretirement plan remeasurement	851
Amortization of pension liability adjustments:
Prior service credit	(4,454)
Net actuarial loss	5,175
Payments related to interest rate swaps included in earnings	(146)
Derivative valuation adjustment	3,832
Income taxes related to items of other comprehensive income/(loss):
Pension/postretirement settlements and curtailments	(348)
Pension/postretirement plan remeasurement	(408)
Amortization of pension liability adjustments	(158)
Payments related to interest rate swaps included in earnings	37
Derivative valuation adjustment	(979)
Comprehensive income	58,659
Comprehensive income/(loss) attributable to the noncontrolling interest	(18)
Comprehensive income attributable to the Company	$ 58,677

Revenue Recognition (Schedule of Consolidated Balance Sheets) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 197,755	$ 183,727	$ 181,742	$ 185,113
Accounts receivable, net	223,176	202,675
Contract assets	57,447
Inventories	85,904	136,519
Income taxes prepaid and receivable	7,473	6,266
Prepaid expenses and other current assets	21,294	14,520
Total current assets	593,049	543,707
Property, plant and equipment, net	462,055	454,302	422,564
Intangibles, net	49,206	55,441
Goodwill	164,382	166,796	160,375
Deferred income taxes	62,622	68,648
Noncurrent receivables	45,061	32,811
Other assets	41,617	39,493
Total assets	1,417,992	1,361,198	$ 1,263,433
Current liabilities:
Notes and loans payable		262
Accounts payable	52,246	44,899
Accrued liabilities	129,030	105,914
Current maturities of long-term debt	1,224	1,799
Income taxes payable	6,806	8,643
Total current liabilities	189,306	161,517
Long-term debt	523,707	514,120
Other noncurrent liabilities	88,277	101,555
Deferred taxes and other liabilities	8,422	10,991
Total liabilities	809,712	788,183
Commitments and Contingencies
SHAREHOLDERS' EQUITY
Preferred stock, par value $5.00 per share; authorized 2,000,000 shares; none issued
Additional paid-in capital	430,555	428,423
Retained earnings	589,645	534,082
Accumulated items of other comprehensive income:
Translation adjustments	(115,976)	(87,318)
Pension and postretirement liability adjustments	(47,109)	(50,536)
Derivative valuation adjustment	4,697	1,953
Treasury stock (Class A), at cost; 8,418,620 shares in 2018 and 8,431,335 shares in 2017	(256,603)	(256,876)
Total Company shareholders' equity	605,249	569,768
Noncontrolling interest	3,031	3,247
Total equity	608,280	573,015
Total liabilities and shareholders' equity	1,417,992	1,361,198
Common Class A [Member]
SHAREHOLDERS' EQUITY
Common Stock	37	37
Common Class B [Member]
SHAREHOLDERS' EQUITY
Common Stock	3	$ 3
As reported [Member]
Current assets:
Cash and cash equivalents	197,755
Accounts receivable, net	223,176
Contract assets	57,447
Inventories	85,904
Income taxes prepaid and receivable	7,473
Prepaid expenses and other current assets	21,294
Total current assets	593,049
Property, plant and equipment, net	462,055
Intangibles, net	49,206
Goodwill	164,382
Deferred income taxes	62,622
Noncurrent receivables	45,061
Other assets	41,617
Total assets	1,417,992
Current liabilities:
Notes and loans payable
Accounts payable	52,246
Accrued liabilities	129,030
Current maturities of long-term debt	1,224
Income taxes payable	6,806
Total current liabilities	189,306
Long-term debt	523,707
Other noncurrent liabilities	88,277
Deferred taxes and other liabilities	8,422
Total liabilities	809,712
Commitments and Contingencies
SHAREHOLDERS' EQUITY
Preferred stock, par value $5.00 per share; authorized 2,000,000 shares; none issued
Additional paid-in capital	430,555
Retained earnings	589,645
Accumulated items of other comprehensive income:
Translation adjustments	(115,976)
Pension and postretirement liability adjustments	(47,109)
Derivative valuation adjustment	4,697
Treasury stock (Class A), at cost; 8,418,620 shares in 2018 and 8,431,335 shares in 2017	(256,603)
Total Company shareholders' equity	605,249
Noncontrolling interest	3,031
Total equity	608,280
Total liabilities and shareholders' equity	1,417,992
As reported [Member] \| Common Class A [Member]
SHAREHOLDERS' EQUITY
Common Stock	37
As reported [Member] \| Common Class B [Member]
SHAREHOLDERS' EQUITY
Common Stock	3
Adjustments to reverse effects of ASC 606 [Member]
Current assets:
Cash and cash equivalents
Accounts receivable, net	5,578
Contract assets	(57,447)
Inventories	42,701
Income taxes prepaid and receivable
Prepaid expenses and other current assets
Total current assets	(9,168)
Property, plant and equipment, net
Intangibles, net
Goodwill
Deferred income taxes	(2,012)
Noncurrent receivables
Other assets	(1,256)
Total assets	(12,436)
Current liabilities:
Notes and loans payable
Accounts payable
Accrued liabilities	(16,454)
Current maturities of long-term debt
Income taxes payable
Total current liabilities	(16,454)
Long-term debt
Other noncurrent liabilities
Deferred taxes and other liabilities	(52)
Total liabilities	(16,506)
Commitments and Contingencies
SHAREHOLDERS' EQUITY
Preferred stock, par value $5.00 per share; authorized 2,000,000 shares; none issued
Additional paid-in capital
Retained earnings	3,297
Accumulated items of other comprehensive income:
Translation adjustments	575
Pension and postretirement liability adjustments
Derivative valuation adjustment
Treasury stock (Class A), at cost; 8,418,620 shares in 2018 and 8,431,335 shares in 2017
Total Company shareholders' equity	3,872
Noncontrolling interest	198
Total equity	4,070
Total liabilities and shareholders' equity	(12,436)
Adjustments to reverse effects of ASC 606 [Member] \| Common Class A [Member]
SHAREHOLDERS' EQUITY
Common Stock
Adjustments to reverse effects of ASC 606 [Member] \| Common Class B [Member]
SHAREHOLDERS' EQUITY
Common Stock
As adjusted to exclude adoption of ASC 606 [Member]
Current assets:
Cash and cash equivalents	197,755
Accounts receivable, net	228,754
Contract assets
Inventories	128,605
Income taxes prepaid and receivable	7,473
Prepaid expenses and other current assets	21,294
Total current assets	583,881
Property, plant and equipment, net	462,055
Intangibles, net	49,206
Goodwill	164,382
Deferred income taxes	60,610
Noncurrent receivables	45,061
Other assets	40,361
Total assets	1,405,556
Current liabilities:
Notes and loans payable
Accounts payable	52,246
Accrued liabilities	112,576
Current maturities of long-term debt	1,224
Income taxes payable	6,806
Total current liabilities	172,852
Long-term debt	523,707
Other noncurrent liabilities	88,277
Deferred taxes and other liabilities	8,370
Total liabilities	793,206
Commitments and Contingencies
SHAREHOLDERS' EQUITY
Preferred stock, par value $5.00 per share; authorized 2,000,000 shares; none issued
Additional paid-in capital	430,555
Retained earnings	592,942
Accumulated items of other comprehensive income:
Translation adjustments	(115,401)
Pension and postretirement liability adjustments	(47,109)
Derivative valuation adjustment	4,697
Treasury stock (Class A), at cost; 8,418,620 shares in 2018 and 8,431,335 shares in 2017	(256,603)
Total Company shareholders' equity	609,121
Noncontrolling interest	3,229
Total equity	612,350
Total liabilities and shareholders' equity	1,405,556
As adjusted to exclude adoption of ASC 606 [Member] \| Common Class A [Member]
SHAREHOLDERS' EQUITY
Common Stock	37
As adjusted to exclude adoption of ASC 606 [Member] \| Common Class B [Member]
SHAREHOLDERS' EQUITY
Common Stock	$ 3

Revenue Recognition (Schedule of Consolidated Balance Sheets) (Details) (Parenthetical) - $ / shares	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
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
Common Stock, shares outstanding	32,300,000	32,200,000	32,100,000
Treasury stock, shares	8,418,620	8,431,335
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	37,450,329	37,395,753
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	3,233,998	3,233,998
Common Stock, shares outstanding	3,233,998	3,233,998
As reported [Member]
Preferred Stock, par value per share	$ 5.00
Preferred Stock, shares authorized	2,000,000
Preferred Stock, shares issued	0
As reported [Member] \| Common Class A [Member]
Common Stock, par value per share	$ 0.001
Common Stock, shares authorized	100,000,000
Common Stock, shares issued	37,450,329	37,395,753
Treasury stock, shares	8,418,620	8,431,335
As reported [Member] \| Common Class B [Member]
Common Stock, par value per share	$ 0.001
Common Stock, shares authorized	25,000,000
Common Stock, shares issued	3,233,998	3,233,998
Common Stock, shares outstanding	3,233,998	3,233,998
Adjustments to reverse effects of ASC 606 [Member]
Preferred Stock, par value per share	$ 5.00
Preferred Stock, shares authorized	2,000,000
Preferred Stock, shares issued	0
Adjustments to reverse effects of ASC 606 [Member] \| Common Class A [Member]
Common Stock, par value per share	$ 0.001
Common Stock, shares authorized	100,000,000
Common Stock, shares issued	37,450,329	37,395,753
Adjustments to reverse effects of ASC 606 [Member] \| Common Class B [Member]
Common Stock, par value per share	$ 0.001
Common Stock, shares authorized	25,000,000
Common Stock, shares issued	3,233,998	3,233,998
Common Stock, shares outstanding	3,233,998	3,233,998
As adjusted to exclude adoption of ASC 606 [Member]
Preferred Stock, par value per share	$ 5.00
Preferred Stock, shares authorized	2,000,000
Preferred Stock, shares issued	0
As adjusted to exclude adoption of ASC 606 [Member] \| Common Class A [Member]
Common Stock, par value per share	$ 0.001
Common Stock, shares authorized	100,000,000
Common Stock, shares issued	37,450,329	37,395,753
As adjusted to exclude adoption of ASC 606 [Member] \| Common Class B [Member]
Common Stock, par value per share	$ 0.001
Common Stock, shares authorized	25,000,000
Common Stock, shares issued	3,233,998	3,233,998
Common Stock, shares outstanding	3,233,998	3,233,998

Revenue Recognition (Schedule of Consolidated Statement of Cash Flows) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Operating Activities
Net income	$ 83,019	$ 32,585	$ 52,812
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	68,800	61,517	58,106
Amortization	10,236	10,439	9,355
Change in other noncurrent liabilities	(5,479)	(10,145)	(5,232)
Change in deferred taxes and other liabilities	8,972	(1,264)	5,889
Provision for write-off of property, plant and equipment	3,707	2,870	2,778
Non-cash interest expense	459	660	564
Write-off of pension liability adjustment due to settlement/curtailment	1,494		51
Compensation and benefits paid or payable in Class A Common Stock	2,203	2,133	2,433
Changes in operating assets and liabilities that provided/(used) cash, net of impact of business acquisition:
Accounts receivable	(19,139)	(21,859)	(12,697)
Contract assets	(10,267)
Inventories	(968)	3,090	(12,520)
Prepaid expenses and other current assets	(5,815)	(4,989)	(2,595)
Income taxes prepaid and receivable	(1,402)	(941)	(2,206)
Noncurrent receivables	(12,249)	(18,766)	(14,045)
Accounts payable	9,340	2,910	2,108
Accrued liabilities	8,209	5,303	1,312
Income taxes payable	(824)	(799)	1,398
Other, net	(7,811)	(2,677)	(6,571)
Net cash provided by operating activities	132,485	64,216	80,940
Net cash used in investing activities	(82,886)	(87,637)	(253,553)
Net cash (used in)/provided by financing activities	(27,258)	12,867	172,038
Effect of exchange rate changes on cash and cash equivalents	(8,313)	12,539	(2,796)
Increase/(decrease) in cash and cash equivalents	14,028	1,985	(3,371)
Cash and cash equivalents at beginning of year	183,727	181,742	185,113
Cash and cash equivalents at end of year	197,755	183,727	$ 181,742
As reported [Member]
Operating Activities
Net income	83,019
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	68,800
Amortization	10,236
Change in other noncurrent liabilities	(5,479)
Change in deferred taxes and other liabilities	8,972
Provision for write-off of property, plant and equipment	3,707
Non-cash interest expense	459
Write-off of pension liability adjustment due to settlement/curtailment	1,494
Compensation and benefits paid or payable in Class A Common Stock	2,203
Changes in operating assets and liabilities that provided/(used) cash, net of impact of business acquisition:
Accounts receivable	(19,139)
Contract assets	(10,267)
Inventories	(968)
Prepaid expenses and other current assets	(5,815)
Income taxes prepaid and receivable	(1,402)
Noncurrent receivables	(12,249)
Accounts payable	9,340
Accrued liabilities	8,209
Income taxes payable	(824)
Other, net	(7,811)
Net cash provided by operating activities	132,485
Net cash used in investing activities	(82,886)
Net cash (used in)/provided by financing activities	(27,258)
Effect of exchange rate changes on cash and cash equivalents	(8,313)
Increase/(decrease) in cash and cash equivalents	14,028
Cash and cash equivalents at beginning of year	183,727
Cash and cash equivalents at end of year	197,755	183,727
Adjustments to reverse effects of ASC 606 [Member]
Operating Activities
Net income	(2,448)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation
Amortization
Change in other noncurrent liabilities
Change in deferred taxes and other liabilities	(877)
Provision for write-off of property, plant and equipment
Non-cash interest expense
Write-off of pension liability adjustment due to settlement/curtailment
Compensation and benefits paid or payable in Class A Common Stock
Changes in operating assets and liabilities that provided/(used) cash, net of impact of business acquisition:
Accounts receivable	(17,387)
Contract assets	10,267
Inventories	10,433
Prepaid expenses and other current assets
Income taxes prepaid and receivable
Noncurrent receivables
Accounts payable
Accrued liabilities	12
Income taxes payable
Other, net
Net cash provided by operating activities
Net cash used in investing activities
Net cash (used in)/provided by financing activities
Effect of exchange rate changes on cash and cash equivalents
Increase/(decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
As adjusted to exclude adoption of ASC 606 [Member]
Operating Activities
Net income	80,571
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	68,800
Amortization	10,236
Change in other noncurrent liabilities	(5,479)
Change in deferred taxes and other liabilities	8,095
Provision for write-off of property, plant and equipment	3,707
Non-cash interest expense	459
Write-off of pension liability adjustment due to settlement/curtailment	1,494
Compensation and benefits paid or payable in Class A Common Stock	2,203
Changes in operating assets and liabilities that provided/(used) cash, net of impact of business acquisition:
Accounts receivable	(36,526)
Contract assets
Inventories	9,465
Prepaid expenses and other current assets	(5,815)
Income taxes prepaid and receivable	(1,402)
Noncurrent receivables	(12,249)
Accounts payable	9,340
Accrued liabilities	8,221
Income taxes payable	(824)
Other, net	(7,811)
Net cash provided by operating activities	132,485
Net cash used in investing activities	(82,886)
Net cash (used in)/provided by financing activities	(27,258)
Effect of exchange rate changes on cash and cash equivalents	(8,313)
Increase/(decrease) in cash and cash equivalents	14,028
Cash and cash equivalents at beginning of year	183,727
Cash and cash equivalents at end of year	$ 197,755	$ 183,727

Reportable Segments and Geographic Data (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended												9 Months Ended	12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Segment Reporting Information [Line Items]
Net sale	$ 251,600	$ 251,900	$ 255,400	$ 223,600	$ 226,700	$ 222,100	$ 215,600	$ 199,300	$ 213,000	$ 191,300	$ 203,200	$ 172,300		$ 982,479	$ 863,717	$ 779,839
Machine Clothing [Member]
Segment Reporting Information [Line Items]
Net sale														611,858	590,357	582,190
Increase decrease in assets														22,500
AEC assets [Member]
Segment Reporting Information [Line Items]
Increase decrease in assets														14,100
Salt Lake City, Utah [Member]
Segment Reporting Information [Line Items]
Non-cash increase of lease modification														$ 12,700
Lease expiration date														Dec. 31, 2029
Albany Aerostructures Composites LLC (AAC) [Member]
Segment Reporting Information [Line Items]
Net sale													$ 67,011
Invoiced receivables, unbilled receivables and contract receivables	$ 96,200				$ 58,600									$ 96,200	58,600
Safran [Member]
Segment Reporting Information [Line Items]
Net sale														$ 186,300	$ 119,200	$ 88,900

Reportable Segments and Geographic Data (Schedule of Financial Data by Reporting Segment) (Details) - USD ($) $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Segment Reporting Information [Line Items]
Net sales	$ 251,600	$ 251,900	$ 255,400	$ 223,600	$ 226,700	$ 222,100	$ 215,600	$ 199,300	$ 213,000	$ 191,300	$ 203,200	$ 172,300	$ 982,479	$ 863,717	$ 779,839
Depreciation and amortization													79,036	71,956	67,461
Operating income (loss)	$ 37,400	$ 40,800	$ 42,200	$ 17,000									137,408	78,676	94,132
Interest income													(2,118)	(1,511)	(2,077)
Interest expense													20,242	18,602	15,541
Other expense/ (income), net													4,037	6,877	2,402
Income before income taxes													115,247	54,708	78,266
Increase/(decrease) attributable to application of ASC 606 [Member]
Segment Reporting Information [Line Items]
Net sales													(7,120)
Depreciation and amortization
Operating income (loss)													3,325
Interest income
Interest expense
Other expense/ (income), net
Income before income taxes													3,325
Corporate Expenses [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization													5,018	4,896	6,822
Operating income (loss)													(49,075)	(43,647)	(45,010)
Corporate Expenses [Member] \| Increase/(decrease) attributable to application of ASC 606 [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization
Operating income (loss)
Significant Reconciling Items [Member]
Segment Reporting Information [Line Items]
Interest income													(2,118)	(1,511)	(2,077)
Interest expense													20,242	18,602	15,541
Other expense/ (income), net													4,037	6,877	2,402
Significant Reconciling Items [Member] \| Increase/(decrease) attributable to application of ASC 606 [Member]
Segment Reporting Information [Line Items]
Interest income
Interest expense
Other expense/ (income), net
Machine Clothing [Member]
Segment Reporting Information [Line Items]
Net sales													611,858	590,357	582,190
Depreciation and amortization													30,813	33,527	36,428
Operating income (loss)													169,836	153,936	152,505
Machine Clothing [Member] \| Increase/(decrease) attributable to application of ASC 606 [Member]
Segment Reporting Information [Line Items]
Net sales													(3,970)
Depreciation and amortization
Operating income (loss)													(1,605)
Engineered Composites [Member]
Segment Reporting Information [Line Items]
Net sales													370,621	273,360	197,649
Depreciation and amortization													43,205	33,533	24,211
Operating income (loss)													16,647	$ (31,657)	$ (15,363)
Engineered Composites [Member] \| Increase/(decrease) attributable to application of ASC 606 [Member]
Segment Reporting Information [Line Items]
Net sales													(3,150)
Depreciation and amortization
Operating income (loss)													$ 4,930

Reportable Segments and Geographic Data (Schedule of Restructuring Costs by Reporting Segment) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Restructuring expenses, net
Charges/ (reversals)	$ 15,570	$ 13,491	$ 8,488
Machine Clothing [Member]
Restructuring expenses, net
Charges/ (reversals)	12,278	3,429	6,181
Engineered Composites [Member]
Restructuring expenses, net
Charges/ (reversals)	3,048	10,062	2,314
Corporate Expenses [Member]
Restructuring expenses, net
Charges/ (reversals)	$ 244		$ (7)

Reportable Segments and Geographic Data (Schedule of Operating Assets and Capital Expenditures by Reporting Segment) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	$ 1,417,992	$ 1,361,198	$ 1,263,433
Capital expenditures and purchased software	82,886	87,637	73,492
Cash	197,755	183,727	181,742	$ 185,113
Machine Clothing [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	453,836	464,468	454,010
Capital expenditures and purchased software	20,230	20,522	15,651
Engineered Composites [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Assets	633,394	584,076	514,527
Capital expenditures and purchased software	60,121	63,865	54,678
Corporate Expenses [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Capital expenditures and purchased software	2,535	3,250	3,163
Significant Reconciling Items [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Cash	197,755	183,727	181,742
Income taxes prepaid, receivable and deferred	70,095	74,914	74,078
Other assets	$ 62,912	$ 54,013	$ 39,076

Reportable Segments and Geographic Data (Schedule of Financial Data by Geographic Area) (Details) - USD ($) $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 251,600	$ 251,900	$ 255,400	$ 223,600	$ 226,700	$ 222,100	$ 215,600	$ 199,300	$ 213,000	$ 191,300	$ 203,200	$ 172,300	$ 982,479	$ 863,717	$ 779,839
Property, plant and equipment, net	462,055				454,302				422,564				462,055	454,302	422,564
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales													519,349	459,525	396,238
Property, plant and equipment, net	272,584				252,639				245,626				272,584	252,639	245,626
Switzerland [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales													157,339	147,601	145,479
France [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales													85,386	57,195	42,862
Property, plant and equipment, net	50,245				58,196				42,272				50,245	58,196	42,272
Brazil [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales													62,093	60,535	60,287
China [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales													50,923	48,920	48,043
Property, plant and equipment, net	48,686				61,840				65,987				48,686	61,840	65,987
Mexico [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales													48,534	31,902	27,526
Property, plant and equipment, net	40,343				22,981				7,781				40,343	22,981	7,781
Other Countries [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales													58,855	58,039	59,404
Property, plant and equipment, net	17,605				19,602				19,267				17,605	19,602	19,267
Korea [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Property, plant and equipment, net	12,396				14,558				15,585				12,396	14,558	15,585
United Kingdom [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Property, plant and equipment, net	12,042				14,256				14,591				12,042	14,256	14,591
Canada [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Property, plant and equipment, net	$ 8,154				$ 10,230				$ 11,455				$ 8,154	$ 10,230	$ 11,455

Pensions and Other Postretirement Benefit Plans (Narrative) (Details) $ in Millions	Dec. 31, 2018 USD ($)
United States [Member]
Defined Benefit Plan Disclosure [Line Items]
Accrued postretirement liability	$ 50.1
Percent of consolidated pension plan assets	46.00%
Percent of consolidated pension plan obligations	45.00%
Canada [Member]
Defined Benefit Plan Disclosure [Line Items]
Accrued postretirement liability	$ 0.1

Pensions and Other Postretirement Benefit Plans (Schedule of Amounts Reclassified by Segment and Financial Statement) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Increase/(decrease) in expense Effect by segment operating expenses [Member]
Defined Benefit Plan Disclosure [Line Items]
Total operating expenses	$ 2,525	$ 2,356
Increase/(decrease) in expense Effect by segment operating expenses [Member] \| Machine Clothing [Member]
Defined Benefit Plan Disclosure [Line Items]
Total operating expenses	(44)	24
Increase/(decrease) in expense Effect by segment operating expenses [Member] \| Engineered Composites [Member]
Defined Benefit Plan Disclosure [Line Items]
Total operating expenses
Increase/(decrease) in expense Effect by segment operating expenses [Member] \| Corporate Expenses [Member]
Defined Benefit Plan Disclosure [Line Items]
Total operating expenses	(2,481)	(2,380)
Increase/(decrease) in expense Effect by Statement of Income [Member]
Defined Benefit Plan Disclosure [Line Items]
Total operating expenses	(2,525)	(2,356)
Increase/(decrease) in expense Effect by Statement of Income [Member] \| Cost of goods sold [Member]
Defined Benefit Plan Disclosure [Line Items]
Total operating expenses	(503)	(716)
Increase/(decrease) in expense Effect by Statement of Income [Member] \| Selling, general and administrative expenses [Member]
Defined Benefit Plan Disclosure [Line Items]
Total operating expenses	(2,022)	(1,754)
Increase/(decrease) in expense Effect by Statement of Income [Member] \| Technical and research expenses [Member]
Defined Benefit Plan Disclosure [Line Items]
Total operating expenses		2
Increase/(decrease) in expense Effect by Statement of Income [Member] \| Restructuring expenses, net [Member]
Defined Benefit Plan Disclosure [Line Items]
Total operating expenses		$ 112

Pensions and Other Postretirement Benefit Plans (Schedule of Plan Benefit Obligations) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
United States [Member]
Weighted average assumptions used to determine benefit obligations, end of year:
Discount rate	4.41%	3.70%
Compensation increase
Non-U.S. Pension Plans [Member]
Weighted average assumptions used to determine benefit obligations, end of year:
Discount rate	2.93%	2.83%
Compensation increase	3.02%	3.02%
United States Postretirement Benefits Plan [Member]
Weighted average assumptions used to determine benefit obligations, end of year:
Discount rate	4.31%	3.59%
Compensation increase	3.00%
Non-U.S. Postretirement Benefits Plan [Member]
Weighted average assumptions used to determine benefit obligations, end of year:
Discount rate	3.65%	3.40%
Compensation increase	3.00%	3.00%
Pension Plans [Member]
Change in benefit obligation:
Benefit obligation, beginning of year	$ 230,911	$ 210,856
Service cost	2,723	2,720	$ 2,656
Interest cost	7,217	7,476	7,885
Plan participants' contributions	228	211
Actuarial (gain)/loss	(10,666)	6,626
Benefits paid	(7,814)	(7,697)
Settlements and curtailments	(13,807)	(8)
Plan amendments and other	534	(3)
Foreign currency changes	(7,876)	10,730
Benefit obligation, end of year	201,450	230,911	210,856
Accumulated benefit obligation	193,870	220,622
Other postretirement benefits [Member]
Change in benefit obligation:
Benefit obligation, beginning of year	58,531	57,488
Service cost	232	244	254
Interest cost	2,024	2,214	2,443
Plan participants' contributions	14	37
Actuarial (gain)/loss	(6,100)	2,743
Benefits paid	(3,473)	(4,230)
Settlements and curtailments
Plan amendments and other
Foreign currency changes	(87)	72
Benefit obligation, end of year	51,127	58,531	$ 57,488
Accumulated benefit obligation

Pensions and Other Postretirement Benefit Plans (Schedule of Plan Assets) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, beginning of year	$ 205,586	$ 180,672
Actual return on plan assets, net of expenses	(8,449)	19,182
Employer contributions	10,071	4,645
Plan participants' contributions	228	211
Benefits paid	(7,814)	(7,697)
Settlements	(13,029)	(8)
Foreign currency changes	(7,652)	8,581
Fair value of plan assets, end of year	178,942	205,586
Other postretirement benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, beginning of year
Actual return on plan assets, net of expenses
Employer contributions	3,474	4,230
Plan participants' contributions	14	37
Benefits paid	(3,473)	(4,230)
Settlements
Foreign currency changes
Fair value of plan assets, end of year

Pensions and Other Postretirement Benefit Plans (Schedule of Funded Status of Plans and Composition of Accrued Pension Cost) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Defined Benefit Plan Disclosure [Line Items]
Noncurrent asset	$ 14,200	$ 16,200
U.S. Pension Plans with Pension Assets [Member]
Defined Benefit Plan Disclosure [Line Items]
Net amount recognized	(2,594)
U.S. Pension Plans without Pension Assets [Member]
Defined Benefit Plan Disclosure [Line Items]
Net amount recognized	(6,716)
United States [Member]
Defined Benefit Plan Disclosure [Line Items]
Net amount recognized	(9,310)
Non-U.S. Pension Plans with Pension Assets [Member]
Defined Benefit Plan Disclosure [Line Items]
Net amount recognized	11,735
Non-U.S. Pension Plans without Pension Assets [Member]
Defined Benefit Plan Disclosure [Line Items]
Net amount recognized	(24,933)
Non-U.S. Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Net amount recognized	(13,198)
Pension Plans with Pension Assets [Member]
Defined Benefit Plan Disclosure [Line Items]
Net amount recognized	9,141
Pension Plans without Pension Assets [Member]
Defined Benefit Plan Disclosure [Line Items]
Net amount recognized	(31,649)
Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	178,942	205,586	$ 180,672
Benefit obligation	201,450	230,911	210,856
Funded status	(22,508)	(25,325)
Noncurrent asset	14,206	16,242
Current liability	(2,124)	(2,094)
Noncurrent liability	(34,590)	(39,473)
Net amount recognized	(22,508)	(25,325)
Net actuarial loss	68,110	67,283
Prior service cost/(credit)	1,020	572
Net amount recognized	69,130	67,855
Other postretirement benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets
Benefit obligation	51,127	58,531	$ 57,488
Funded status	(51,127)	(58,531)
Noncurrent asset
Current liability	(3,890)	(4,108)
Noncurrent liability	(47,237)	(54,423)
Net amount recognized	(51,127)	(58,531)
Net actuarial loss	25,660	34,717
Prior service cost/(credit)	(21,922)	(26,411)
Net amount recognized	$ 3,738	$ 8,306

Pensions and Other Postretirement Benefit Plans (Schedule of Net Periodic Benefit Plan Cost) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Components of net periodic benefit cost:
Curtailment (gain)/loss	$ (700)
United States [Member]
Weighted average assumptions used to determine net cost:
Discount rate	3.70%	4.20%	4.54%
Expected return on plan assets	3.87%	4.40%	4.74%
Rate of compensation increase
Non-U.S. Pension Plans [Member]
Weighted average assumptions used to determine net cost:
Discount rate	2.83%	2.98%	3.67%
Expected return on plan assets	4.83%	4.46%	5.39%
Rate of compensation increase	3.04%	3.29%	3.24%
United States Postretirement Benefits Plan [Member]
Weighted average assumptions used to determine net cost:
Discount rate	3.59%	4.00%	4.24%
Expected return on plan assets
Rate of compensation increase
Non-U.S. Postretirement Benefits Plan [Member]
Weighted average assumptions used to determine net cost:
Discount rate	3.40%	3.70%	4.00%
Expected return on plan assets
Rate of compensation increase	3.00%	3.00%	3.00%
Pension Plans [Member]
Components of net periodic benefit cost:
Service cost	$ 2,723	$ 2,720	$ 2,656
Interest cost	7,217	7,476	7,885
Expected return on assets	(8,873)	(8,152)	(8,675)
Amortization of prior service cost/(credit)	34	36	38
Amortization of net actuarial loss	2,219	2,628	2,283
Settlement	2,246		163
Curtailment (gain)/loss	(752)		(112)
Net periodic benefit cost	4,814	4,708	4,238
Other postretirement benefits [Member]
Components of net periodic benefit cost:
Service cost	232	244	254
Interest cost	2,024	2,214	2,443
Expected return on assets
Amortization of prior service cost/(credit)	(4,488)	(4,488)	(4,488)
Amortization of net actuarial loss	2,956	2,811	2,819
Settlement
Curtailment (gain)/loss
Net periodic benefit cost	$ 724	$ 781	$ 1,028

Pensions and Other Postretirement Benefit Plans (Schedule of (Gains)/Losses Recognized in Other Comprehensive Income) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
(Gains)/losses in plan assets and benefit obligations recognized in other comprehensive income:
Settlements/curtailments	$ (1,494)		$ (51)
Asset/liability loss/(gain)	(851)	(2,955)	5,498
Amortization of actuarial (loss)	(5,175)	(5,439)	(5,102)
Amortization of prior service (cost)/credit	4,454	4,453	4,450
Pension Plans [Member]
(Gains)/losses in plan assets and benefit obligations recognized in other comprehensive income:
Settlements/curtailments	(1,494)		(51)
Asset/liability loss/(gain)	6,411	(4,408)	6,519
Amortization of actuarial (loss)	(2,219)	(2,628)	(2,283)
Amortization of prior service (cost)/credit	(34)	(36)	(38)
Currency impact	(1,389)	1,930	(1,655)
Cost/(benefit) in other comprehensive income	1,275	(5,142)	2,492
Other postretirement benefits [Member]
(Gains)/losses in plan assets and benefit obligations recognized in other comprehensive income:
Settlements/curtailments
Asset/liability loss/(gain)	(6,100)	2,743	(395)
Amortization of actuarial (loss)	(2,956)	(2,811)	(2,819)
Amortization of prior service (cost)/credit	4,488	4,488	4,488
Currency impact		2	(1)
Cost/(benefit) in other comprehensive income	$ (4,568)	$ 4,422	$ 1,273

Pensions and Other Postretirement Benefit Plans (Schedule of Amounts That Will Be Amortized from Accumulated Other Comprehensive Income) (Details) $ in Thousands	Dec. 31, 2018 USD ($)
Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Actuarial loss	$ 2,254
Prior service cost/(benefit)	68
Total	2,322
Other postretirement benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Actuarial loss	2,226
Prior service cost/(benefit)	(4,488)
Total	$ (2,262)

Pensions and Other Postretirement Benefit Plans (Schedule of Fair Value of Plan Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Other postretirement benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets
Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	178,942	205,586	$ 180,672
Pension Plans [Member] \| Total investments in the fair value hierarchy [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	84,713	87,358
Pension Plans [Member] \| Quoted Prices in Active Markets (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	3,300	3,588
Pension Plans [Member] \| Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	78,523	81,363
Common Stocks and Equity Funds [Member] \| Other postretirement benefits [Member] \| Quoted Prices in Active Markets (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	284	335
Common Stocks and Equity Funds [Member] \| Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	284	335
Investment of plan assets	42,852	37,768
Common Stocks and Equity Funds [Member] \| Pension Plans [Member] \| Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets
Common Stocks and Equity Funds [Member] \| Pension Plans [Member] \| Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets
Debt Securities [Member] \| Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	78,523	81,363
Debt Securities [Member] \| Pension Plans [Member] \| Quoted Prices in Active Markets (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets
Debt Securities [Member] \| Pension Plans [Member] \| Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	78,523	81,363
Debt Securities [Member] \| Pension Plans [Member] \| Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets
Fixed income funds [Member] \| Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Investment of plan assets	47,534	75,881
Insurance Contracts [Member] \| Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	2,890	2,407
Insurance Contracts [Member] \| Pension Plans [Member] \| Quoted Prices in Active Markets (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets
Insurance Contracts [Member] \| Pension Plans [Member] \| Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets
Cash and Short-Term Investments [Member] \| Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	3,016	3,253
Cash and Short-Term Investments [Member] \| Pension Plans [Member] \| Quoted Prices in Active Markets (Level 1) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	3,016	3,253
Cash and Short-Term Investments [Member] \| Pension Plans [Member] \| Significant Other Observable Inputs (Level 2) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets
Cash and Short-Term Investments [Member] \| Pension Plans [Member] \| Significant Unobservable Inputs (Level 3) [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets
Limited Partnerships [Member] \| Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Investment of plan assets	$ 3,843	$ 4,579

Pensions and Other Postretirement Benefit Plans (Reconciliation of Level 3 Assets) (Details) - Insurance Contracts [Member] - United States [Member] - Significant Unobservable Inputs (Level 3) [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, beginning of year	$ 2,407	$ 2,238
Net realized gains
Net unrealized gains	(45)	56
Net purchases, issuances and settlements	528	113
Net transfers (out of) Level 3
Fair value of plan assets, end of year	$ 2,890	$ 2,407

Pensions and Other Postretirement Benefit Plans (Schedule of Asset Allocation) (Details)

Dec. 31, 2018

Dec. 31, 2017

United States [Member]

100.00%

United States [Member] | Common Stocks and Equity Funds [Member]

100.00%

United States [Member] | Debt Securities [Member]

1.00%

100.00%

United States [Member] | Real Estate [Member]

94.00%

95.00%

United States [Member] | Other [Member]

4.00%

^[1]

Non-U.S. Pension Plans [Member]

^[1]

1.00%

100.00%

Non-U.S. Pension Plans [Member] | Common Stocks and Equity Funds [Member]

100.00%

20.00%

Non-U.S. Pension Plans [Member] | Debt Securities [Member]

19.00%

30.00%

75.00%

Non-U.S. Pension Plans [Member] | Real Estate [Member]

74.00%

64.00%

1.00%

Non-U.S. Pension Plans [Member] | Other [Member]

1.00%

^[1]

4.00%

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

^[1]

6.00%

5.00%

[1]	Other includes hedged equity and absolute return strategies, and private equity. The Company has procedures to closely monitor the performance of these investments and compares asset valuations to audited financial statements of the funds.

Pensions and Other Postretirement Benefit Plans (Schedule of Pension Plans with Projected Benefit Obligation and Accumulated Benefit Obligation in Excess of Plan Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Plans with projected benefit obligation in excess of plan assets:
Projected benefit obligation	$ 123,261	$ 131,717
Fair value of plan assets	86,547	90,149
Plans with accumulated benefit obligation in excess of plan assets:
Accumulated benefit obligation	120,869	129,698
Fair value of plan assets	$ 86,062	$ 90,149

Pensions and Other Postretirement Benefit Plans (Schedule of Expected Cash Flows) (Details) $ in Thousands	Dec. 31, 2018 USD ($)
Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected employer contributions in the next fiscal year	$ 4,150
2019	7,292
2020	7,472
2021	8,175
2022	8,322
2023	8,647
2024 - 2028	49,846
Other postretirement benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Expected employer contributions in the next fiscal year	3,890
2019	3,890
2020	3,771
2021	3,701
2022	3,653
2023	3,613
2024 - 2028	$ 17,066

Restructuring (Narrative) (Details) $ in Thousands	12 Months Ended			48 Months Ended
Restructuring (Narrative) (Details) $ in Thousands	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)	Dec. 31, 2018 USD ($)
Restructuring Cost and Reserve [Line Items]
Number of positions eliminated to date	50			50
Restructuring charges accrued	$ 10,700	$ 11,800		$ 14,800
Restructuring expense	6,100
Restructuring reserve, current	5,534	2,714		5,534
Restructuring reserve, noncurrent	100	600		100
Curtailment gain	700
Accrued restructuring costs expected to be paid within one year	1,900			$ 1,900
Former Employee [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges accrued	1,000	1,600
Reduced Employee Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring charges accrued		800	$ 2,600
Machine Clothing [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense		1,100
Write-off of equipment			$ 2,200
AEC assets [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense	1,700	$ 5,000
Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense	200
Write-off of intangible assets and equipment [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense	4,500
Cost of goods sold for write-off of inventory [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring expense	$ 2,800

Restructuring (Schedule of Restructuring Charges) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Restructuring expenses, net
Restructuring expenses, net	$ 15,570	$ 13,491	$ 8,488
Machine Clothing [Member]
Restructuring expenses, net
Restructuring expenses, net	12,278	3,429	6,181
Engineered Composites [Member]
Restructuring expenses, net
Restructuring expenses, net	3,048	10,062	2,314
Termination and Other Costs [Member]
Restructuring expenses, net
Restructuring expenses, net	13,420	7,949	7,251
Termination and Other Costs [Member] \| Machine Clothing [Member]
Restructuring expenses, net
Restructuring expenses, net	11,890	2,945	5,756
Termination and Other Costs [Member] \| Engineered Composites [Member]
Restructuring expenses, net
Restructuring expenses, net	1,286	5,004	1,502
Impairment of Plant and Equipment [Member]
Restructuring expenses, net
Restructuring expenses, net	2,150	5,542	1,237
Impairment of Plant and Equipment [Member] \| Machine Clothing [Member]
Restructuring expenses, net
Restructuring expenses, net	388	484	425
Impairment of Plant and Equipment [Member] \| Engineered Composites [Member]
Restructuring expenses, net
Restructuring expenses, net	1,762	5,058	812
Corporate Expenses [Member]
Restructuring expenses, net
Restructuring expenses, net	244		(7)
Corporate Expenses [Member] \| Termination and Other Costs [Member]
Restructuring expenses, net
Restructuring expenses, net	244		(7)
Corporate Expenses [Member] \| Impairment of Plant and Equipment [Member]
Restructuring expenses, net
Restructuring expenses, net

Restructuring (Schedule of Restructuring Liability) (Details) - USD ($) $ in Thousands	12 Months Ended		48 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2018
Restructuring Reserve [Roll Forward]
Restructuring charges accrued	$ 10,700	$ 11,800	$ 14,800
Termination Costs [Member]
Restructuring Reserve [Roll Forward]
Beginning balance	3,326	5,559
Restructuring charges accrued	13,420	7,949
Payments	(10,696)	(10,351)
Currency translation/other	(480)	169
Ending balance	$ 5,570	$ 3,326	$ 5,570

Other Expense, net (Details) - USD ($) $ in Thousands	12 Months Ended
Other Expense, net (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Other Income and Expenses [Abstract]
Currency transactions	$ (67)	$ 4,634	$ (3,532)
Bank fees and amortization of debt issuance costs	417	487	759
Pension settlements and curtailments	1,494		51
Components of net periodic pension and postretirement cost other than service	1,089	2,525	2,305
Gain on insurance recovery		(2,000)
Loss due to theft			2,506
Other	1,104	1,231	313
Total	4,037	$ 6,877	$ 2,402
Curtailment gain	700
Settlement charge	$ 2,200

Income Taxes (Narrative) (Details) $ in Thousands	12 Months Ended
Income Taxes (Narrative) (Details) $ in Thousands	Dec. 31, 2018 USD ($) countries	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)
Income Tax Disclosure [Line Items]
Number of countries in which operations constitute a taxable presence \| countries	18
Net increase (decrease) in valuation allowance	$ (200)
Tax rates	21.00%	35.00%	35.00%
Federal tax rate of deferred tax assets and liabilities	21.00%
Net operating loss carryforwards	$ 103,200
Net operating loss carryforwards, deferred tax asset	23,100
Net operating loss carryforwards, valuation allowance	7,800
Provisional transition tax	1,600	$ 600
Current year and prior year earnings of Company's foreign operations	82,400
Foreign withholding taxes	3,000
Accumulated undistributed earnings intended to remain permanently invested	171,300
Recognized interest and penalties related to unrecognized tax benefits	200	200	$ 200
Accrued interest and penalties related to unrecognized tax benefits	100	400	300
Taxes paid, net of refunds	28,100	23,700	23,400
Reduction in provisional transition tax	1,000
Federal tax benefit attributable to adjustments discovered	10,700	1,881	$ 2,138
State tax charge	$ 100
Decreased in effective tax rate	0.90%
Foreign tax credits	$ 24,300
Foreign tax credits available	$ 2,400
Percentager of Foreign tax credits	2.30%
Foreign-derived intangible income deduction	$ 3,400
Percentage of decreased effective rate	0.60%
Net decrease in tax audit settlements	$ 1,600
Brazil [Member]
Income Tax Disclosure [Line Items]
Tax rates	34.00%
China [Member]
Income Tax Disclosure [Line Items]
Tax rates	25.00%
Mexico [Member]
Income Tax Disclosure [Line Items]
Tax rates	30.00%
Valuation Allowance Deferred Tax Assets [Member]
Income Tax Disclosure [Line Items]
Net increase (decrease) in valuation allowance	$ (6,600)
Credit refunded years	2018 to 2022
Valuation Allowance due to Foreign Currency Translation [Member]
Income Tax Disclosure [Line Items]
Net increase (decrease) in valuation allowance	$ (900)
Tax Attributes With Limited Lives [Member]
Income Tax Disclosure [Line Items]
Net deferred tax asset	$ 31,700
Earliest Tax Year [Member]
Income Tax Disclosure [Line Items]
Open tax years	2007
Earliest Tax Year [Member] \| Research and Development [Member]
Income Tax Disclosure [Line Items]
Tax credit carryforwards, expiration date	Jan. 01, 2025
Latest Tax Year [Member]
Income Tax Disclosure [Line Items]
Open tax years	2018
State and Local Jurisdiction [Member]
Income Tax Disclosure [Line Items]
Net operating loss carryforwards	$ 19,400
AMT credit carryforward [Member]
Income Tax Disclosure [Line Items]
Tax credit carryforward	1,300
Non-U.S. [Member]
Income Tax Disclosure [Line Items]
Tax credit carryforward	24,300
Net deferred tax asset	18,973	13,978
Non-U.S. [Member] \| Research and Development [Member]
Income Tax Disclosure [Line Items]
Tax credit carryforward	$ 1,200
Non-U.S. [Member] \| Earliest Tax Year [Member]
Income Tax Disclosure [Line Items]
Tax credit carryforwards, expiration date	Jan. 01, 2020
United States [Member]
Income Tax Disclosure [Line Items]
Net deferred tax asset	$ 36,100
Domestic Tax Authority [Member]
Income Tax Disclosure [Line Items]
Net deferred tax asset	36,103	$ 45,097
Domestic Tax Authority [Member] \| Research and Development [Member]
Income Tax Disclosure [Line Items]
Tax credit carryforward	$ 6,200

Income Taxes (Schedule of Components of Income Tax (Benefit)/Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Income tax based on income from continuing operations, at estimated tax rates of 31%, 32%, and 35%, respectively	$ 36,044	$ 17,519	$ 27,629
Income tax before discrete items	36,044	17,519	27,629
Discrete tax expense (benefit):
Worthless stock deduction
Net impact of mandatory deemed repatriations	(1,003)	5,758
Provision for/resolution of tax audits and contingencies, net	1,286	1,329	(2,856)
Adjustments to prior period tax liabilities	(1,284)	(840)	586
Provision for/adjustment to beginning of year valuation allowances	(4,882)	(3,522)	(88)
Enacted tax legislation	2,067	1,879	183
Total income tax expense	$ 32,228	$ 22,123	$ 25,454
Estimated tax rate	31.00%	32.00%	35.00%

Income Taxes (Schedule of Income/(Loss) From Continuing Operations) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
U.S.	$ 41,875	$ (5,865)	$ 8,556
Non-U.S.	73,372	60,573	69,710
Income/(loss) before income taxes	115,247	54,708	78,266
Current:
Federal	304	1,551	3,728
State	4,996	1,770	176
Non-U.S.	21,557	19,282	19,979
Current income tax provision	26,857	22,603	23,883
Deferred:
Federal	10,700	1,881	2,138
State	(338)	(1,237)	1,984
Non-U.S.	(4,991)	(1,124)	(2,551)
Deferred income tax provision	5,371	(480)	1,571
Total income tax expense	$ 32,228	$ 22,123	$ 25,454

Income Taxes (Schedule of Components of Deferred Income Tax Expense/(Benefit)) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Net effect of temporary differences	$ (4,657)	$ (5,774)	$ 7,214
Foreign tax credits	9,437	8,340	(6,869)
Retirement benefits	2,360	(502)	1,734
Net impact to operating loss carryforwards	1,046	(900)	(603)
Enacted changes in tax laws and rates	2,067	1,878	183
Adjustments to beginning-of-the-year valuation allowance balance for changes in circumstances	(4,882)	(3,522)	(88)
Deferred income tax provision	$ 5,371	$ (480)	$ 1,571

Income Taxes (Reconciliation of the U.S. Federal Statutory Tax Rate to the Company's Effective Income Tax Rate) (Details)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
U.S. federal statutory tax rate	21.00%	35.00%	35.00%
State taxes, net of federal benefit	2.90%	0.40%	1.20%
Non-U.S. local income taxes	3.30%	5.90%	3.50%
U.S. permanent adjustments	(0.30%)	0.50%	1.50%
Foreign permanent adjustments	(0.40%)	0.40%	1.60%
Foreign rate differential	0.20%	(10.50%)	(11.30%)
Net U.S. tax on non-U.S. earnings and foreign withholdings	5.70%	11.90%	5.80%
Provision for/resolution of tax audits and contingencies, net	1.10%	2.40%	(3.40%)
Research and development and other tax credits	(0.10%)	(1.50%)	(1.20%)
Provision for/adjustment to beginning of year valuation allowances	(4.20%)	(6.40%)	(0.10%)
Enacted tax legislation and rate change	1.80%	3.00%
Return to provision and other adjustments	(3.00%)	(0.70%)	(0.10%)
Effective income tax rate	28.00%	40.40%	32.50%

Income Taxes (Schedule of Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Line Items]
Tax loss carryforwards	$ 23,100
Domestic Tax Authority [Member]
Income Tax Disclosure [Line Items]
Total deferred tax assets	57,903	$ 70,431
Total deferred tax liabilities	21,800	25,334
Net deferred tax asset	36,103	45,097
Non-U.S. [Member]
Income Tax Disclosure [Line Items]
Total deferred tax assets	23,723	16,575
Total deferred tax liabilities	4,750	2,597
Net deferred tax asset	18,973	13,978
Noncurrent Assets [Member] \| Domestic Tax Authority [Member]
Income Tax Disclosure [Line Items]
Accounts receivable	686	557
Inventories	442	1,109
Deferred compensation	4,460	3,300
Depreciation and amortization
Postretirement benefits	14,759	18,286
Tax loss carryforwards	1,199	1,368
Tax credit carryforwards	30,523	41,920
Other	5,834	3,891
Deferred tax assets before valuation allowance	57,903	70,431
Less: valuation allowance
Total deferred tax assets	57,903	70,431
Noncurrent Assets [Member] \| Non-U.S. [Member]
Income Tax Disclosure [Line Items]
Accounts receivable	1,224	1,341
Inventories	829	961
Deferred compensation	1,053	1,362
Depreciation and amortization	4,252	3,211
Postretirement benefits	1,667	1,464
Tax loss carryforwards	21,890	22,639
Tax credit carryforwards	1,197	1,654
Other
Deferred tax assets before valuation allowance	32,112	32,632
Less: valuation allowance	(8,389)	(16,057)
Total deferred tax assets	23,723	16,575
Noncurrent Liabilities [Member] \| Domestic Tax Authority [Member]
Income Tax Disclosure [Line Items]
Unrepatriated foreign earnings	4,028	914
Depreciation and amortization	12,848	20,170
Deferred Gain	3,762	4,169
Other	1,162	81
Total deferred tax liabilities	21,800	25,334
Noncurrent Liabilities [Member] \| Non-U.S. [Member]
Income Tax Disclosure [Line Items]
Unrepatriated foreign earnings
Depreciation and amortization
Deferred Gain
Other	4,750	2,597
Total deferred tax liabilities	$ 4,750	$ 2,597

Income Taxes (Reconciliation of the Beginning and Ending Amount of Unrecognized Tax Benefits) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Unrecognized tax benefits balance at January 1	$ 4,509	$ 4,183	$ 19,606
Increase in gross amounts of tax positions related to prior years	2,008	480	62
Decrease in gross amounts of tax positions related to prior years	(358)	(50)	(2,129)
Increase in gross amounts of tax positions related to current year			585
Decrease due to settlements with tax authorities	(1,626)	(381)	(14,029)
Decrease due to lapse in statute of limitations	(479)	(29)	(163)
Currency translation decrease	(264)
Currency translation increase		306	251
Unrecognized tax benefits balance at December 31	$ 3,790	$ 4,509	$ 4,183

Income Taxes (Schedule of Current Income Taxes Prepaid and Receivable) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Prepaid taxes	$ 4,859	$ 4,872
Taxes receivable	2,614	1,394
Total current income taxes prepaid and receivable	$ 7,473	$ 6,266

Income Taxes (Schedule of Noncurrent Deferred Taxes and Other Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Deferred income taxes	$ 7,547	$ 9,573
Other liabilities	875	1,418
Total noncurrent deferred taxes and other liabilities	$ 8,422	$ 10,991

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Earnings Per Share [Abstract]
Net income attributable to the Company													$ 82,891	$ 33,111	$ 52,733
Weighted average number of shares used in calculating basic net income per share													32,252	32,169	32,086
Stock options													15	30	39
Long-term incentive plan													28	45	45
Weighted average number of shares used in calculating diluted net income per share													32,295	32,244	32,170
Average market price of common stock used for calculation of dilutive shares													$ 66.95	$ 52.19	$ 40.25
Basic	$ 0.54	$ 0.86	$ 0.93	$ 0.24	$ 0.19	$ 0.47	$ 0.03	$ 0.34	$ 0.49	$ 0.41	$ 0.32	$ 0.42	2.57	1.03	1.64
Diluted	$ 0.54	$ 0.86	$ 0.93	$ 0.24	$ 0.19	$ 0.47	$ 0.03	$ 0.34	$ 0.49	$ 0.41	$ 0.32	$ 0.42	$ 2.57	$ 1.03	$ 1.64
Common Stock, shares outstanding	32,300				32,200				32,100				32,300	32,200	32,100

Accumulated Other Comprehensive Income (Schedule of Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ (135,901)	$ (184,189)	$ (158,844)
Other comprehensive income/(loss) before reclassifications	(24,530)	44,363	(23,163)
Pension/postretirement settlements and curtailments	1,146		45
Pension/postretirement plan remeasurement	443	2,037	(4,394)
Interest expense related to swaps reclassified to the Statement of Income, net of tax	(109)	924	1,488
Pension and postretirement liability adjustments reclassified to Statement of Income, net of tax	563	964	679
Net current period other comprehensive income	(22,487)	48,288	(25,345)
Ending balance	(158,388)	(135,901)	(184,189)
Translation Adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(87,318)	(133,298)	(108,655)
Other comprehensive income/(loss) before reclassifications	(28,658)	45,980	(24,643)
Pension/postretirement settlements and curtailments
Pension/Postretirement plan change in benefits
Pension/postretirement plan remeasurement
Interest expense related to swaps reclassified to the Statement of Income, net of tax
Net current period other comprehensive income	(28,658)	45,980	(24,643)
Ending balance	(115,976)	(87,318)	(133,298)
Pension and Postretirement Liability Adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(50,536)	(51,719)	(48,725)
Other comprehensive income/(loss) before reclassifications	1,275	(1,818)	676
Pension/postretirement settlements and curtailments	1,146		45
Pension/postretirement plan remeasurement	443	2,037	(4,394)
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	563	964	679
Net current period other comprehensive income	3,427	1,183	(2,994)
Ending balance	(47,109)	(50,536)	(51,719)
Derivative Valuation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	1,953	828	(1,464)
Other comprehensive income/(loss) before reclassifications	2,853	201	804
Pension/postretirement settlements and curtailments
Pension/postretirement plan remeasurement
Interest expense related to swaps reclassified to the Statement of Income, net of tax	(109)	924	1,488
Pension and postretirement liability adjustments reclassified to Statement of Income, net of tax
Net current period other comprehensive income	2,744	1,125	2,292
Ending balance	$ 4,697	$ 1,953	$ 828

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

3 Months Ended

12 Months Ended

Dec. 31, 2018

Sep. 30, 2018

Jun. 30, 2018

Mar. 31, 2018

Dec. 31, 2017

Sep. 30, 2017

Jun. 30, 2017

Mar. 31, 2017

Dec. 31, 2016

Sep. 30, 2016

Jun. 30, 2016

Mar. 31, 2016

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Payments made on interest rate swaps included in earnings

$ 20,242

$ 18,602

$ 15,541

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

(115,247)

(54,708)

(78,266)

Income tax effect

32,228

22,123

25,454

$ (17,600)

$ (27,700)

$ (29,900)

$ (7,700)

$ (5,900)

$ (15,300)

$ (1,100)

$ (10,800)

$ (15,700)

$ (13,100)

$ (10,400)

$ (13,500)

(82,891)

(33,111)

(52,733)

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 earnings

^[1]

(146)

1,490

2,400

Income tax effect

(566)

(912)

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

(109)

924

1,488

Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Defined Benefit Plans Settlements and Curtailments [Member]

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

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

1,494

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

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

(4,454)

(4,453)

(4,450)

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

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

5,175

5,439

5,102

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

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

^[2]

2,215

986

703

Income tax effect

(506)

(22)

$ 1,709

$ 964

$ 724

[1]	Included in interest expense are payments related to the interest rate swap agreements and amortization of swap buyouts (see Note 18).
[2]	These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Notes 4 and 6).

Noncontrolling Interest (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
Noncontrolling Interest (Details) - USD ($) $ in Thousands	Oct. 31, 2013	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Noncontrolling Interest [Line Items]
Net income/(loss) of ASC		$ 83,019	$ 32,585	$ 52,812
Net income/(loss) of ASC available for common ownership		82,891	33,111	52,733
Net income/(loss) attributable to noncontrolling interest		128	(526)	79
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Noncontrolling interest, beginning of year		3,247
Net income/(loss) attributable to noncontrolling interest		128	(526)	79
Noncontrolling interest, end of year		3,031	3,247
Albany Safran Composites, LLC [Member]
Noncontrolling Interest [Line Items]
Interest in subsidiary sold	10.00%
Cash contribution	$ 28,000
Albany's remaining interest	90.00%
Net income/(loss) of ASC		2,578	(4,224)
Less: Return attributable to the Company's preferred holding		1,299	1,032
Net income/(loss) of ASC available for common ownership		$ 1,279	$ (5,256)
Ownership percentage of noncontrolling shareholder		10.00%	10.00%
Net income/(loss) attributable to noncontrolling interest		$ 128	$ (526)
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Noncontrolling interest, beginning of year		3,247	3,767
ASC 606 transition effect		(327)
Net income/(loss) attributable to noncontrolling interest		128	(526)
Changes in other comprehensive income attributable to noncontrolling interest		(17)	6
Noncontrolling interest, end of year		$ 3,031	$ 3,247	$ 3,767

Accounts Receivable (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Receivables [Abstract]
Trade and other accounts receivable	$ 211,244	$ 152,375
Bank promissory notes	19,269	20,255
Revenue in excess of progress billings		37,964
Allowance for doubtful accounts	(7,337)	(7,919)
Total accounts receivable	223,176	202,675
Noncurrent receivables	$ 45,061	$ 32,811

Contract Assets and Liabilities (Narrative) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2018 USD ($)
Contract Assets And Liabilities
Increase in contract assets	$ 10,000
Increase in contract liabilities	5,800
Revenue recognized	$ 3,200

Contract Assets and Liabilities (Schedule of Contract Assets and Contract Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Contract Assets And Liabilities
Contract assets	$ 57,447
Contract liabilities	$ 9,025

Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Inventory Disclosure [Abstract]
Raw materials	$ 40,489	$ 42,215
Work in process	33,181	65,448
Finished goods	12,234	28,856
Total inventories	$ 85,904	$ 136,519

Property, Plant and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 1,381,512	$ 1,350,768
Accumulated depreciation and amortization	(919,457)	(896,466)
Property, plant and equipment, net	462,055	454,302	$ 422,564
Expenditures for maintenance and repairs	19,400	19,100	16,600
Depreciation expense	68,800	61,517	58,106
Software amortization	3,200	3,600	4,000
Capital expenditures and purchased software	82,886	87,637	$ 73,492
Unamortized software cost	6,900	7,600
Salt Lake City, Utah [Member]
Property, Plant and Equipment [Line Items]
Non-cash increase of lease modification	$ 12,700
Lease expiration date	Dec. 31, 2029
Land and Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 14,287	14,853
Estimated useful life	25 years
Buildings [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 245,805	239,127
Buildings [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	15 years
Buildings [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	40 years
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 989,925	950,519
Machinery and Equipment [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years
Machinery and Equipment [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	15 years
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 8,091	8,861
Estimated useful life	5 years
Computer and Other Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 16,473	15,610
Computer and Other Equipment [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	3 years
Computer and Other Equipment [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	10 years
Software [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 60,182	57,847
Software [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years
Software [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	8 years
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 46,749	$ 63,951

Goodwill and Other Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Finite-Lived Intangible Assets [Line Items]
Gross carrying amount	$ 66,700
Accumulated amortization of amortized intangible assets	17,500
Amortization of intangible assets	6,235	$ 6,864
Cost of Goods Sold [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	2,900	3,300	$ 2,600
Selling, general and administrative expenses [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 3,300	$ 3,600	$ 2,700

Goodwill and Other Intangible Assets (Schedule of Changes in Intangible Assets and Goodwill) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Amortized intangible assets:
Beginning balance	$ 55,441	$ 66,454
Amortization	(6,235)	(6,864)
Other Changes		(4,149)
Currency Translation
Ending balance	49,206	55,441
Beginning balance	166,796	160,375
Amortization
Other Changes
Currency Translation	(2,414)	6,421
Ending balance	$ 164,382	166,796
AEC Trade Names [Member]
Amortized intangible assets:
Amortization life in year	15 years
Beginning balance	$ 15	20
Amortization	(4)	(5)
Other Changes
Currency Translation
Ending balance	$ 11	15
AEC Technology [Member]
Amortized intangible assets:
Amortization life in year	15 years
Beginning balance	$ 80	104
Amortization	(24)	(24)
Other Changes
Currency Translation
Ending balance	$ 56	80
Customer Contracts [Member]
Amortized intangible assets:
Amortization life in year	6 years
Beginning balance	$ 12,369	17,859
Amortization	(2,913)	(3,279)
Other Changes		(2,211)
Currency Translation
Ending balance	$ 9,456	12,369
Customer Relationships [Member]
Amortized intangible assets:
Amortization life in year	15 years
Beginning balance	$ 42,767	47,009
Amortization	(3,229)	(3,281)
Other Changes		(961)
Currency Translation
Ending balance	$ 39,538	42,767
Other Intangible Assets [Member]
Amortized intangible assets:
Amortization life in year	5 years
Beginning balance	$ 210	1,462
Amortization	(65)	(275)
Other Changes		(977)
Currency Translation
Ending balance	145	210
MC Goodwill [Member]
Amortized intangible assets:
Beginning balance	71,066	64,645
Amortization
Other Changes
Currency Translation	(2,414)	6,421
Ending balance	68,652	71,066
AEC Goodwill [Member]
Amortized intangible assets:
Beginning balance	95,730	95,730
Amortization
Other Changes
Currency Translation
Ending balance	$ 95,730	$ 95,730

Goodwill and Other Intangible Assets (Schedule of Estimated Amortization Expense) (Details) $ in Thousands	Dec. 31, 2018 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2019	$ 6,235
2020	6,235
2021	6,163
2022	3,949
2023	$ 3,228

Accrued Liabilities (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Contract liabilities	$ 9,025
Other accruals	20,581	$ 16,557
Cumulative effect of adopting ASC 606 [Member]
Increased Contract loss	14,900
Contract liabilities	700
Other accruals	$ 1,600

Accrued Liabilities (Schedule of Accrued Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Payables and Accruals [Abstract]
Salaries and wages	$ 20,821	$ 17,916
Accrual for compensated absences	10,636	11,223
Employee benefits	12,316	13,553
Workers' compensation	1,794	2,397
Pension liability - current portion	2,124	2,094
Postretirement medical benefits - current portion	3,890	4,108
Returns and allowances	11,343	11,370
Contract liabilities	9,025
Billings in excess of revenue recognized		2,569
Contract loss reserve	20,708	11,902
Professional fees	2,575	2,310
Utilities	974	910
Dividends	5,808	5,474
Restructuring costs	5,534	2,714
Interest	901	817
Other	20,581	16,557
Total	$ 129,030	$ 105,914

Financial Instruments (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 18, 2018	Nov. 28, 2017	Nov. 27, 2017	Nov. 07, 2017	May 06, 2016	Apr. 08, 2016
Debt Instrument [Line Items]
Principal payments due in next twelve months	$ 1,200
Principal payments due in 2020	1,800
Principal payments due in 2021	1,900
Principal payments due in 2022	501,100
Principal payments due in 2023	2,400
Principal payments due 2023 and thereafter	16,500
Interest paid	$ 18,800	$ 16,000	$ 13,700
Maximum leverage ratio allowed	3.50
Minimum interest coverage ratio required	1.00
Leverage ratio	1.96
Interest coverage ratio	11.59
Credit Agreement [Member]
Debt Instrument [Line Items]
Amount of credit facility							$ 685,000		$ 550,000
Amount of credit facility outstanding	$ 499,000
Additional amount that can be borrowed on facility	$ 186,000
LIBOR spread	1.50%
Interest rate at end of period	3.69%	3.40%
Credit Agreement [Member] \| Interest Rate Swap [Member]
Debt Instrument [Line Items]
Borrowings, revolving credit facility						$ 300,000		$ 120,000
Notional amount				$ 350,000	$ 350,000
Fixed interest rate in swap				3.61%	2.11%
LIBOR rate				2.46%
Amount paid to terminate agreement								$ 5,200
Amount received from terminate agreement						$ 6,300
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%
Finance obligations [Member]
Debt Instrument [Line Items]
Interest rate	5.00%
Maturity date	Dec. 31, 2022

Financial Instruments (Schedule of Long-Term Debt) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Long-term debt	$ 524,931	$ 515,919
Less: current portion	(1,224)	(1,799)
Long-term debt, net of current portion	523,707	514,120
Credit Agreement [Member]
Debt Instrument [Line Items]
Long-term debt	$ 499,000	$ 501,000
Interest rate at end of period	3.69%	3.40%
Maturity date range, end	Dec. 31, 2022
Private Placement, Notes [Member]
Debt Instrument [Line Items]
Long-term debt
Interest rate		6.84%
Finance obligations [Member]
Debt Instrument [Line Items]
Long-term debt	$ 25,931	$ 14,919
Interest rate	5.00%
Maturity date range, end	Dec. 31, 2022

Financial Instruments (Schedule of future minimum annual lease payments) (Details) $ in Thousands	Dec. 31, 2018 USD ($)
Financial Instruments Schedule Of Future Minimum Annual Lease Payments
2019	$ 2,472
2020	2,995
2021	2,997
2022	3,054
2023	3,277
Thereafter	18,930
Total minimum payments	33,725
Less: Amount representing interest	(7,794)
Present value of minimum payments	$ 25,931

Fair-Value Measurements (Narrative) (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Jan. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Derivative [Line Items]
Interest expense		$ 20,242	$ 18,602	$ 15,541
Interest Rate Swap [Member]
Derivative [Line Items]
Interest expense		500	800	$ 1,900
Interest Rate Swap Buyouts [Member]
Derivative [Line Items]
Interest expense			$ 700
Interest income		$ 600
Interest Rate Swap Buyouts [Member] \| Subsequent Event [Member]
Derivative [Line Items]
Interest expense	$ 500

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

Dec. 31, 2018

Dec. 31, 2017

Liabilities:

Interest rate swaps

$ (9,025)

Derivative asset:

Common stock of foreign public company, original cost

500

Interest Rate Swap [Member]

Derivative liability:

Liability for fixed rate leg

32,000

$ 34,900

Receivable for floating rate leg

27,500

34,600

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

Assets:

Cash equivalents

14,234

13,601

Common stock of foreign public company

^[1]

731

999

Interest rate swaps

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

Assets:

Cash equivalents

Common stock of foreign public company

^[1]

Interest rate swaps

$ 4,548

^[2]

$ 313

^[3]

[1]	Original cost basis $0.5 million.
[2]	Net of $32.0 million receivable floating leg and $27.5 million liability fixed leg
[3]	Net of $34.9 million receivable floating leg and $34.6 million liability fixed leg

Fair-Value Measurements (Schedule of (Losses)/Gains on Changes in Fair Value of Derivative Instruments) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Foreign Currency Options [Member] \| Not Designated as Hedging Instrument [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivatives not designated as hedging instruments Foreign currency options gains/(losses)	$ (61)	$ (131)	$ 202

Other Noncurrent Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Other Liabilities Disclosure [Abstract]
Pension liabilities	$ 34,590	$ 39,473
Postretirement benefits other than pensions	47,237	54,423
Obligations under license agreement		897
Incentive and deferred compensation	3,810	3,048
Restructuring	100	600
Other	2,540	3,114
Total	$ 88,277	$ 101,555

Commitments and Contingencies (Narrative) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2018 USD ($) claims	Dec. 31, 2017 USD ($)	Dec. 31, 2016 USD ($)
Operating leases
Rental expense	$ 5.5	$ 4.9	$ 5.2
Due in 2019	4.6
Due in 2020	3.2
Due in 2021	2.1
Due in 2022	1.5
Due in 2023 and thereafter	$ 6.5
Asbestos Litigation [Member]
Operating leases
Total resolved claims, by means of settlement or dismissal \| claims	37,746
Total cost of resolution	$ 10.3
Resolution costs paid by insurance carrier	100.00%
Confirmed insurance coverage	$ 140.0
Asbestos Litigation [Member] \| Brandon Drying Fabrics, Inc. [Member]
Operating leases
Total resolved claims, by means of settlement or dismissal \| claims	7,708
Resolution costs paid by insurance carrier	100.00%

Commitments and Contingencies (Schedule of Changes in Claims) (Details) - Asbestos Litigation [Member] $ in Thousands	12 Months Ended
	Dec. 31, 2018 USD ($) claims	Dec. 31, 2017 USD ($) claims	Dec. 31, 2016 USD ($) claims	Dec. 31, 2015 USD ($) claims	Dec. 31, 2014 USD ($) claims	Dec. 31, 2013 USD ($) claims
Loss Contingencies [Line Items]
Opening Number of Claims	3,730	3,745	3,791	3,821	4,299	4,463
Claims Dismissed, Settled, or Resolved	152	105	148	116	625	230
New Claims	106	90	102	86	147	66
Closing Number of Claims	3,684	3,730	3,745	3,791	3,821	4,299
Amounts Paid (thousands) to Settle or Resolve \| $	$ 100	$ 55	$ 758	$ 164	$ 437	$ 78

Stock Options and Incentive Plans (Narrative) (Details) - USD ($) $ in Millions	1 Months Ended			12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Contractual term of stock options, in years				20 years
Length of time options are valid after retirement, in years				10 years
Aggregate intrinsic value of vested options				$ 0.8
Aggregate intrinsic value of options exercised				$ 0.5	$ 1.1	$ 0.5
Long Term Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of stock authorized for payment of awards				1,146,440
Shares issued for long term incentive plan	33,425	25,899	26,146
Cash payments in connection with long term incentive plan	$ 1.3	$ 1.0	$ 0.8
Deferred compensation expense				$ 0.8	2.6	2.7
Vesting period				3 years
Additional share based compensation expense expected to be recognized in next twelve months				$ 0.2
Long Term Incentive Plan [Member] \| Management [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued for long term incentive plan	10,751	18,784	26,774
Cash payments in connection with long term incentive plan	$ 1.4	$ 1.9	$ 1.9
Deferred compensation expense				3.4	2.6	3.3
Additional share based compensation expense expected to be recognized in next twelve months				0.8
Additional share based compensation expense expected to be recognized in two years				0.3
Phantom Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred compensation expense				4.8	4.9	3.8
Compensation cost not yet recognized				$ 9.6
Vesting period				5 years
Compensation cost recognition period				2 years
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred compensation expense				$ 0.5
Compensation cost not yet recognized				$ 1.8
Minimum [Member] \| Long Term Incentive Plan [Member] \| Management [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Earned incentive compensation paid in shares of Class A Common Stock				40.00%
Maximum [Member] \| Long Term Incentive Plan [Member] \| Management [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Earned incentive compensation paid in shares of Class A Common Stock				50.00%
Pension Plans [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred compensation plan expense				$ 6.3	5.9	5.5
Pension Plans [Member] \| Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of employee contribution matched by the Company				50.00%
Pension Plans [Member] \| Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of employee contribution matched by the Company				100.00%
Profit Sharing Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred compensation plan expense				$ 3.2	$ 2.6	$ 2.9

Stock Options and Incentive Plans (Schedules of Stock Option Activity) (Details) - Stock Options [Member] - $ / shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Shares
Shares under option	29,340	62,390	88,773
Options canceled		150
Options exercised	10,400	32,900	26,383
Shares under option at December 31	18,940	29,340	62,390
Options exercisable at December 31	18,940	29,340	62,390
Weighted Average Exercise Price
Shares under option January 1	$ 18.40	$ 18.28	$ 18.67
Options canceled		20.63
Options exercised	19.38	18.16	19.60
Shares under option December 31	17.87	18.40	18.28
Options exercisable December 31	$ 17.87	$ 18.40	$ 18.28

Stock Options and Incentive Plans (Schedules of Executive Management Share-based Compensation Activity) (Details) - Performance Shares [Member] - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Number of shares
Shares/Share units potentially payable, beginning balance	157,405	189,418	188,308
Forfeitures
Payments	(79,762)	(75,545)	(86,926)
Shares accrued	34,822	43,532	88,036
Shares/Share units potentially payable, ending balance	112,465	157,405	189,418
Weighted average grant date value per share
Shares/Share units potentially payable, beginning balance	$ 40.30	$ 36.90	$ 35.35
Forfeitures
Payments	39.90	36.35	33.43
Shares accrued	70.59	48.26	36.78
Shares/Share units potentially payable, ending balance	$ 49.96	$ 40.30	$ 36.90
Year-end intrinsic value
Shares potentially payable	$ 6,343	$ 6,989	$ 6,657
Shares potentially payable	$ 5,619	$ 6,343	$ 6,989

Stock Options and Incentive Plans (Schedules of Other Share-based Compensation Activity) (Details) - Restricted Stock [Member] - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Number of shares
Shares/Share units potentially payable, beginning balance	236,096	261,145	252,866
Grants	65,370	96,505	118,279
Changes due to performance	14,343	(11,891)	18,779
Payments	(75,545)	(89,190)	(88,073)
Forfeitures	(12,963)	(20,473)	(40,706)
Shares/Share units potentially payable, ending balance	227,301	236,096	261,145
Weighted average grant date value per share
Payments	$ 62.69	$ 46.64	$ 33.20
Cash paid for share based liabilities	$ 4,736	$ 4,160	$ 2,924

Shareholders' Equity (Narrative) (Details) - $ / shares shares in Millions	Dec. 31, 2018	Dec. 31, 2017
Common Class A [Member]
Class of Stock [Line Items]
Common Stock, par value per share	$ 0.001	$ 0.001
Common Stock reserved for the conversion of Class B Common Stock and the exercise of stock options	3.3
Number of shares authorized to be repurchased	2.0
Common Class B [Member]
Class of Stock [Line Items]
Common Stock, par value per share	$ 0.001	$ 0.001

Shareholders' Equity (Schedule of Activity in Shareholders' Equity) (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

$ 573,015

32,200,000

32,100,000

$ 83,019

$ 32,585

$ 52,812

$ 608,280

$ 573,015

Common Stock [Member] | Common Class A [Member]

32,300,000

32,200,000

32,100,000

$ 37

37,396,000

37,319,000

37,239,000

Compensation and benefits paid or payable in shares

^[1],[2]

Compensation and benefits paid or payable in shares, shares

44,000

53,000

Options exercised, shares

10,000

33,000

26,000

Shares issued to Directors', shares

1,000

$ 37

Common Stock [Member] | Class B Preferred Stock [Member]

37,450,000

37,396,000

37,319,000

$ 3

3,234,000

3,235,000

Compensation and benefits paid or payable in shares

^[1],[2]

Compensation and benefits paid or payable in shares, shares

Options exercised, shares

Shares issued to Directors', shares

(1,000)

$ 3

Additional Paid-in Capital [Member]

3,234,000

$ 428,423

$ 425,953

$ 423,108

Compensation and benefits paid or payable in shares

^[1],[2]

1,437

1,564

1,980

201

597

667

494

309

198

Retained Earnings [Member]

430,555

428,423

425,953

534,082

522,855

491,950

82,891

33,111

52,733

Compensation and benefits paid or payable in shares

^[1],[2]

(5,068)

(22,260)

(21,884)

(21,828)

Accumulated Other Comprehensive Income (Loss) [Member]

589,645

534,082

522,855

(135,901)

(184,189)

(158,844)

Compensation and benefits paid or payable in shares

^[1],[2]

(28,658)

45,980

(24,643)

3,427

1,183

(2,994)

2,744

1,125

2,292

(158,388)

(135,901)

(184,189)

Treasury Stock [Member]

$ (256,876)

$ (257,136)

$ (257,391)

8,431,000

8,443,000

8,455,000

Compensation and benefits paid or payable in shares

^[1],[2]

Shares issued to Directors', shares

$ 273

$ 260

$ 255

(12,000)

$ (256,603)

$ (256,876)

$ (257,136)

Noncontrolling Interest [Member]

8,419,000

8,431,000

8,443,000

$ 3,247

$ 3,767

$ 3,690

128

(526)

Compensation and benefits paid or payable in shares

^[1],[2]

(327)

(17)

(2)

$ 3,031

$ 3,247

$ 3,767

[1]	As described in Note 2, the Company adopted ASC 606 effective January 1, 2018, which resulted in a decrease to Retained earnings of $5.6 million and a $0.3 million decrease to Noncontrolling interest.
[2]	As described in Note 7, the Company adopted ASU 2016-16 effective January 1, 2018, which resulted in a $0.5 million increase to Retained earnings.

Business Acquisition (Narrative) (Details) - USD ($) $ in Thousands		12 Months Ended
	Apr. 08, 2016	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Nov. 07, 2017
Business Acquisition [Line Items]
Cash consideration for acquisition				$ 187,000
Goodwill		$ 164,382	$ 166,796	$ 160,375
Harris Corporation's Composite Aerostructures Division [Member]
Business Acquisition [Line Items]
Cash consideration for acquisition	$ 187,000
Goodwill	95,700
Credit Agreement [Member]
Business Acquisition [Line Items]
Proceeds from unsecured credit facility agreement	$ 550,000				$ 685,000

Business Acquisition (Summary of the provisional allocation of the purchase price of AAC) (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Apr. 08, 2016
Assets acquired
Goodwill	$ 164,382	$ 166,796	$ 160,375
Albany Aerostructures Composites LLC (AAC) [Member]
Assets acquired
Accounts receivable				$ 15,443
Inventories				16,670
Prepaid expenses and other current assets				402
Property, plant and equipment				62,784
Intangibles				71,630
Goodwill				95,730
Total assets acquired				262,659
Liabilities assumed
Accounts payable				10,323
Accrued liabilities				2,862
Finance obligation				17,560
Deferred income taxes				33,143
Other noncurrent liabilities				11,771
Total liabilities assumed				75,659
Net assets acquired				$ 187,000

Business Acquisition (Summary of operational results of AAC) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended												9 Months Ended	12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Business Acquisition [Line Items]
Net sales	$ 251,600	$ 251,900	$ 255,400	$ 223,600	$ 226,700	$ 222,100	$ 215,600	$ 199,300	$ 213,000	$ 191,300	$ 203,200	$ 172,300		$ 982,479	$ 863,717	$ 779,839
Operating loss	37,400	40,800	42,200	17,000										137,408	78,676	94,132
Loss before income taxes														115,247	54,708	78,266
Net loss attributable to the Company	$ 17,600	$ 27,700	$ 29,900	$ 7,700	$ 5,900	$ 15,300	$ 1,100	$ 10,800	$ 15,700	$ 13,100	$ 10,400	$ 13,500		$ 82,891	$ 33,111	$ 52,733
Loss per share:
Basic	$ 0.54	$ 0.86	$ 0.93	$ 0.24	$ 0.19	$ 0.47	$ 0.03	$ 0.34	$ 0.49	$ 0.41	$ 0.32	$ 0.42		$ 2.57	$ 1.03	$ 1.64
Diluted	$ 0.54	$ 0.86	$ 0.93	$ 0.24	$ 0.19	$ 0.47	$ 0.03	$ 0.34	$ 0.49	$ 0.41	$ 0.32	$ 0.42		$ 2.57	$ 1.03	$ 1.64
Albany Aerostructures Composites LLC (AAC) [Member]
Business Acquisition [Line Items]
Net sales													$ 67,011
Operating loss													(1,246)
Loss before income taxes													(2,342)
Net loss attributable to the Company													$ (1,495)
Loss per share:
Basic													$ (0.05)
Diluted													$ (0.05)

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

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The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.