Albany International (AIN) 10-K 25 Feb 22 2021 FY Annual report Financial data

Cover

Cover - USD ($) shares in Thousands, $ in Billions	12 Months Ended
	Dec. 31, 2021	Feb. 18, 2022	Jun. 30, 2021
Entity Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2021
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	1-10026
Entity Registrant Name	ALBANY INTERNATIONAL CORP.
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	216 Airport Drive
Entity Address, City or Town	Rochester
Entity Address, State or Province	NH
Entity Tax Identification Number	14-0462060
Entity Address, Postal Zip Code	03867
City Area Code	603
Local Phone Number	330-5850
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 2.7
Documents Incorporated by Reference	Portions of the Registrant’s Proxy Statement for the Annual Meeting of Shareholders to be held on May 20, 2022.
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Entity Central Index Key	0000819793
Common Class A
Entity Information [Line Items]
Title of 12(b) Security	Class A Common Stock, $0.001 par value per share
Trading Symbol	AIN
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		31,860
Common Class B
Entity Information [Line Items]
Title of 12(b) Security	Class B Common Stock, $0.001 par value per share
Trading Symbol	AIN
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		1

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2021
Audit Information [Abstract]
Auditor Name	KPMG LLP
Auditor Location	Albany, New York
Auditor Firm ID	185

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Statement [Abstract]
Net sales	$ 929,240	$ 900,610	$ 1,054,132
Cost of goods sold	550,849	529,538	656,431
Gross profit	378,391	371,072	397,701
Selling, general and administrative expenses	160,127	163,909	163,651
Technical and research expenses	38,922	35,347	37,569
Restructuring expenses, net	1,331	5,736	2,905
Operating income	178,011	166,080	193,576
Interest income	(2,500)	(2,748)	(2,729)
Interest expense	17,391	16,332	19,650
Aviation Manufacturing Jobs Protection (AMJP) grant	(5,832)	0	0
Other expense/(income), net	3,021	13,422	(1,557)
Income before income taxes	165,931	139,074	178,212
Income tax expense	47,163	41,831	44,829
Net income	118,768	97,243	133,383
Net income/(loss) attributable to the noncontrolling interest	290	(1,346)	985
Net income attributable to the Company	$ 118,478	$ 98,589	$ 132,398
Basic earnings per share (in dollars per share)	$ 3.66	$ 3.05	$ 4.10
Diluted earnings per share (in dollars per share)	3.65	3.05	4.10
Dividends declared per share, Class A and Class B (in dollars per share)	$ 0.81	$ 0.77	$ 0.73

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement of Comprehensive Income [Abstract]
Net income	$ 118,768	$ 97,243	$ 133,383
Other comprehensive income/(loss), before tax:
Foreign currency translation and other adjustments	(20,808)	38,927	(8,747)
Pension settlements and curtailments	0	411	450
Pension/postretirement plan remeasurement	(2,259)	13,407	(1,796)
Amortization of pension and postretirement liability adjustments:
Prior service credit	(4,475)	(4,474)	(4,420)
Net actuarial loss	4,625	5,004	4,480
Payments and amortization related to interest rate swaps included in earnings	6,852	3,982	(1,011)
Derivative valuation adjustment	3,764	(12,622)	(9,512)
Income taxes related to items of other comprehensive income/(loss):
Pension settlements and curtailments	0	(128)	(74)
Pension/postretirement plan remeasurement	1,463	(3,017)	359
Amortization of pension and postretirement liability adjustments	(52)	(148)	(13)
Payments and amortization related to interest rate swaps included in earnings	(1,734)	(1,028)	259
Derivative valuation adjustment	(952)	3,259	2,432
Comprehensive income	105,192	140,816	115,790
Comprehensive income/(loss) attributable to the noncontrolling interest	(161)	(207)	975
Comprehensive income attributable to the Company	$ 105,353	$ 141,023	$ 114,815

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 302,036	$ 241,316
Accounts receivable, net	191,985	188,423
Contract assets, net	112,546	139,289
Inventories	117,882	110,478
Income taxes prepaid and receivable	1,958	5,940
Prepaid expenses and other current assets	32,394	31,830
Total current assets	758,801	717,276
Property, plant and equipment, net	436,417	448,554
Intangibles, net	39,081	46,869
Goodwill	182,124	187,553
Deferred income taxes	26,376	38,757
Noncurrent receivables, net	31,849	36,265
Other assets	81,416	74,662
Total assets	1,556,064	1,549,936
Current liabilities:
Accounts payable	68,954	49,173
Accrued liabilities	124,325	125,459
Current maturities of long-term debt	0	9
Income taxes payable	14,887	16,222
Total current liabilities	208,166	190,863
Long-term debt	350,000	398,000
Other noncurrent liabilities	107,794	130,424
Deferred taxes and other liabilities	12,499	10,784
Total liabilities	678,459	730,071
Commitments and Contingencies
Shareholders’ Equity
Preferred stock, par value $5.00 per share; authorized 2,000,000 shares; none issued	0	0
Additional paid-in capital	436,996	433,696
Retained earnings	863,057	770,746
Accumulated items of other comprehensive income:
Translation adjustments	(105,880)	(83,203)
Pension and postretirement liability adjustments	(38,490)	(39,661)
Derivative valuation adjustment	(1,614)	(9,544)
Treasury stock (Class A), at cost; 8,665,090 shares in 2021 and 8,391,011 shares in 2020	(280,143)	(256,009)
Total Company shareholders’ equity	873,967	816,066
Noncontrolling interest	3,638	3,799
Total equity	877,605	819,865
Total liabilities and shareholders’ equity	1,556,064	1,549,936
Common Class A
Shareholders’ Equity
Common stock, par value	41	39
Common Class B
Shareholders’ Equity
Common stock, par value	$ 0	$ 2

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2021	Dec. 31, 2020
Preferred stock, par or stated value per share (in dollars per share)	$ 5	$ 5
Preferred stock, shares authorized (in shares)	2,000,000	2,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, shares, outstanding (in shares)	32,100,000	32,300,000
Treasury stock, shares (in shares)	8,665,090	8,391,011
Common Class A
Common stock, par or stated value per share (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares, issued (in shares)	40,760,577	39,115,405
Common Class B
Common stock, par or stated value per share (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	25,000,000	25,000,000
Common stock, shares, issued (in shares)	104	1,617,998
Common stock, shares, outstanding (in shares)	104	1,617,998

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
OPERATING ACTIVITIES
Net income	$ 118,768	$ 97,243	$ 133,383
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	65,130	63,328	62,085
Amortization	9,125	9,377	8,710
Change in deferred taxes and other liabilities	12,181	11,101	13,702
Impairment of property, plant and equipment	856	1,173	3,119
Non-cash interest expense	875	(290)	605
Write-off of pension liability adjustments due to settlement/curtailment	0	411	450
Compensation and benefits paid or payable in Class A Common Stock	3,146	1,505	2,063
Provision for credit losses from uncollected receivables and contract assets	(1,299)	1,628	309
Foreign currency remeasurement (gain)/loss on intercompany loans	(3,150)	14,246	(3,730)
Fair value adjustment on foreign currency options	169	0	0
Changes in operating assets and liabilities that provided/(used) cash:
Accounts receivable	(7,734)	31,522	9,278
Contract assets	25,446	(59,122)	(19,199)
Inventories	(9,942)	(13,685)	(8,923)
Prepaid expenses and other current assets	(998)	(7,811)	(2,291)
Income taxes prepaid and receivable	3,944	113	1,390
Accounts payable	9,492	(15,586)	10,524
Accrued liabilities	(774)	(3,856)	(7,393)
Income taxes payable	(477)	5,939	3,979
Noncurrent receivables	4,355	4,158	(1,341)
Other noncurrent liabilities	(13,713)	(2,437)	(6,573)
Other, net	2,075	1,296	205
Net cash provided by operating activities	217,475	140,253	200,352
INVESTING ACTIVITIES
Purchase of business, net of cash acquired	0	0	(30,793)
Purchases of property, plant and equipment	(52,793)	(41,463)	(67,358)
Purchased software	(906)	(927)	(597)
Net cash used in investing activities	(53,699)	(42,390)	(98,748)
FINANCING ACTIVITIES
Proceeds from borrowings	8,000	75,000	45,000
Principal payments on debt	(56,009)	(101,020)	(120,017)
Principal payments on finance lease liabilities	(1,438)	(7,214)	(1,180)
Debt acquisition costs	0	(2,432)	0
Purchase of Treasury shares	(23,449)	0	0
Taxes paid in lieu of share issuance	(998)	(490)	(971)
Proceeds from options exercised	153	55	112
Dividends paid	(25,894)	(24,568)	(23,251)
Net cash used in financing activities	(99,635)	(60,669)	(100,307)
Effect of exchange rate changes on cash and cash equivalents	(3,421)	8,582	(3,512)
Increase/(decrease) in cash and cash equivalents	60,720	45,776	(2,215)
Cash and cash equivalents at beginning of period	241,316	195,540	197,755
Cash and cash equivalents at end of period	$ 302,036	$ 241,316	$ 195,540

Accounting Policies

Accounting Policies	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Accounting Policies	Accounting Policies Basis of Consolidation The consolidated financial statements include the accounts of Albany International Corp. and its subsidiaries (the Company, Albany, we, us, or our) after elimination of intercompany transactions. We have a 50 percent interest in an entity in Russia. The consolidated financial statements include our original investment in the entity, plus our share of undistributed earnings or losses, in the account “Other Assets.” The Company owns 90 percent of the common equity of Albany Safran Composites, LLC (ASC) which is reported within the Albany Engineered Composites (AEC) segment. Additional information regarding that entity is included in Note 10. Estimates The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates are used in the accounting for, among others, revenue recognition, contract profitability, allowances for doubtful accounts, rebates and sales allowances, inventory allowances, pension and other postretirement benefits, goodwill and intangible assets, contingencies, income taxes, and other accruals. Our estimates are based on historical experience and on various other assumptions, which are believed to be reasonable under the circumstances. Due to the inherent uncertainty involved in making estimates, actual results reported in future periods may differ from those estimates. Estimates and assumptions are reviewed periodically, and the effects of any revisions are reflected in the consolidated financial statements in the period they are determined to be necessary. Revenue Recognition In our Machine Clothing (MC) business segment, we recognize revenue when we satisfy our performance obligations related to the manufacture and delivery of products. In our Albany Engineered Composites (AEC) business segment, revenue from most long-term contracts is recognized over time using an input method as the measure of progress. The classification of revenue in excess of progress billings on long-term contracts is included in Contract assets, net, which are rights to consideration that are conditional on something other than the passage of time, such as completion of remaining performance obligations. We are required to limit our estimate of contract values to the period of the legally enforceable contract. While certain contracts are expected to be profitable over the course of the program life when including expected renewals, our estimate of contract revenues and costs is limited to the estimated value of enforceable rights and obligations, excluding anticipated renewals. This contract period may result in a loss contract provision at contract inception. Expected losses on projects include losses on contract options that are probable of exercise, excluding profitable options that often follow. For contracts with anticipated losses, a provision for the entire amount of the estimated remaining loss is charged against income in the period in which the loss becomes known. Contract losses are determined considering all direct and indirect contract costs, exclusive of any selling, general or administrative cost allocations, which are treated as period expenses. Products and services provided under long-term contracts represent a significant portion of sales in the Albany Engineered Composites segment. We have a contract with a major customer for which revenue is recognized under a cost-plus-fee agreement. We also have fixed price long-term contracts, for which we use the percentage of completion (actual cost to estimated cost) method. That method requires significant judgment and estimation, which could be considerably different if the underlying circumstances were to change. When adjustments in estimated contract revenues or costs are required, any changes from prior estimates are included in earnings in the period the change occurs. The sum of net adjustments to the estimated profitability of long-term contracts increased AEC operating income by $6.2 million, $9.9 million and $10.8 million in 2021, 2020 and 2019, respectively. The favorable effects in 2021, 2020 and 2019 were largely due to changes in customer demand and to a lesser extent, efficiency improvements during the ramp-up of several programs. Additional accounting policies related to revenue from contracts with customers are set forth in Note 2. We limit the concentration of credit risk in receivables by closely monitoring credit and collection policies. We record allowances for sales returns as a deduction in the computation of net sales. Such provisions are recorded on the basis of written communication with customers and/or historical experience. Any value added taxes that are imposed on sales transactions are excluded from net sales. Cost of Goods Sold Cost of goods sold includes the cost of materials, provisions for obsolete inventories, labor and supplies, shipping and handling costs, depreciation of manufacturing facilities and equipment, purchasing, receiving, warehousing, and other expenses. Cost of goods sold also includes provisions for loss contracts and charges for the write-off of inventories that result from an exit activity. Selling, General, Administrative, Technical, and Research Expenses Selling, general, administrative, and technical expenses are primarily comprised of wages, incentive compensation, benefits, travel, professional fees, revaluation of trade foreign currency balances, and other costs, and are expensed as incurred. Selling expense includes costs related to contract acquisition and provisions for expected credit losses on financial assets measured at amortized cost. Research expenses are charged to operations as incurred and consist primarily of compensation, supplies, and professional fees incurred in connection with intellectual property. Total company research expense was $29.6 million in 2021, $25.8 million in 2020, and $26.9 million in 2019. The Albany Engineered Composites segment participates in both company-sponsored, and customer-funded research and development. Some customer-funded research and development may be on a cost-sharing basis and considered to be a collaborative arrangement, in which case both parties are active participants and are exposed to the risks and rewards dependent on the success of the activity. In such cases, amounts charged to the collaborating entity are credited against research and development expense. For customer-funded research and development in which we anticipate funding to exceed expenses, we include amounts charged to the customer in Net sales, while expenses are included in Cost of goods sold. Restructuring Expense We may incur expenses related to exiting a line of business or restructuring of our operations, which could include employee termination costs, costs to consolidate or close facilities, or costs to terminate contractual relationships. Restructuring expenses may also include impairment of Property, plant and equipment, as described below under “Property, Plant and Equipment”. Employee termination costs include severance pay and social costs for periods after employee service is completed. Termination costs related to an ongoing benefit arrangement are recognized when the amount becomes probable and estimable. Termination costs related to a one-time benefit arrangement are recognized at the communication date to employees. Costs related to contract termination, relocation of employees, outplacement and the consolidation or the closure of facilities, are recognized when incurred. Income Taxes Deferred income taxes are recognized for the tax consequences of temporary differences and tax attributes by applying enacted statutory tax rates applicable for future years to differences between existing assets and liabilities for financial reporting and income tax return purposes. The effect of tax rate changes on deferred taxes is recognized in the income tax provision in the period that includes the enactment date. A valuation allowance is established, as needed, to reduce net deferred tax assets to the amount expected to be realized. In the event it becomes more likely than not that some or all of the deferred tax asset valuation allowances will not be needed, the valuation allowance will be adjusted. In the ordinary course of business there is inherent uncertainty in quantifying our income tax positions. We assess our income tax positions and record tax benefits for all years subject to examination based upon management’s evaluation of the facts, circumstances, and information available at the reporting date. For those tax positions where it is more likely than not that a tax benefit will be sustained, we have determined the amount of the tax benefit to be recognized by estimating the largest amount of tax benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement with a taxing authority that has full knowledge of all relevant information. For those income tax positions where it is not more-likely-than-not that a tax benefit will be sustained, no tax benefit has been recognized in the financial statements. Where applicable, associated interest and penalties have also been recognized. We recognize accrued interest and penalties related to unrecognized tax benefits as a component of income tax expense. We have not elected to reclassify stranded tax effects from AOCI to retained earnings. Earnings Per Share Basic net income or loss per share is computed using the weighted average number of shares of Class A Common Stock and Class B Common Stock outstanding during each year. Diluted net income per share includes the effect of all potentially dilutive securities. If we report a net loss from continuing operations, the diluted loss per share is equal to the basic earnings per share calculation. Translation of Financial Statements Assets and liabilities of non-U.S. operations are translated at year-end rates of exchange, and the income statement accounts are translated at average monthly exchange rates. Gains or losses resulting from translating non-U.S. currency financial statements into U.S. dollars are recorded in other comprehensive income and accumulated in Shareholders’ equity in the caption “Translation adjustments”. Selling, general, and administrative expenses include foreign currency gains and losses resulting from third party balances, such as receivables and payables, which are denominated in a currency other than the entity’s functional currency. Gains or losses resulting from cash and short-term intercompany loans and balances denominated in a currency other than the entity’s functional currency, and foreign currency options are generally included in Other expense, net. Gains and losses on long-term intercompany loans not intended to be repaid in the foreseeable future are recorded in other comprehensive income. The following table summarizes foreign currency transaction gains and losses recognized in the income statement: (in thousands) 2021 2020 2019 (Gains)/losses included in: Selling, general, and administrative expenses $ (263) $ 1,875 $ 1,281 Other (income)/expense, net (1,179) 13,569 (4,471) Total transaction (gains)/losses $ (1,442) $ 15,444 $ (3,190) The following table presents foreign currency gains on long-term intercompany loans that were recognized in Other comprehensive income: (in thousands) 2021 2020 2019 Loss/(gain), before tax, on long-term intercompany loan $ (66) $ (4,985) $ — 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 includes trade receivables and bank promissory notes. In connection with certain sales in Asia Pacific, the Company accepts a bank promissory note as customer payment. The notes may be presented for payment at maturity, which is less than one year. Effective January 1, 2020, the Company adopted the provisions of ASC 326, Current Expected Credit Losses (CECL), using the effective date (or modified retrospective) approach for transition. Under this transition method, periods prior to 2020 were not restated. The pre-tax cumulative effect of initially applying the new standard was an increase in credit loss reserves of $1.8 million, primarily for Accounts receivable and Contract assets. Including tax effects, Retained earnings was reduced by $1.4 million as a result of transitioning to the CECL standard. The overarching purpose of the CECL standard is to provide greater transparency and understanding of the Company’s credit risk. This accounting update replaces the incurred loss impairment methodology under previous GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. Under this standard, the Company recognizes an allowance for expected credit losses on financial assets measured at amortized cost, such as Accounts receivable, Contract assets and Noncurrent receivables. The allowance is determined using a CECL model that is based on an historical average three-year loss rate and is measured by financial asset type on a collective (pool) basis when similar risk characteristics exist, at an amount equal to lifetime expected credit losses. The estimate reflects the risk of loss due to credit default, even when the risk is remote, and considers available relevant information about the collectability of cash flows, including information about past events, current conditions, and reasonable and supportable expected future economic conditions. The Company also has Noncurrent receivables in the AEC segment that represent revenue earned which have extended payment terms. The Noncurrent receivables will be invoiced to the customer, with 2% interest, over a 10-year period that started in 2020. See additional information, including accounting policies related to our adoption of the CECL update, set forth in Notes 2 and 11. Contract Assets and Contract Liabilities Contract assets includes unbilled amounts typically resulting from sales under contracts when the cost-to-cost method of revenue recognition is utilized, and revenue recognized exceeds the amount billed to the customer. Contract assets are transferred to Accounts receivable, net, when the entitlement to payment becomes unconditional. Contract liabilities include advance payments and billings in excess of revenue recognized. Contract liabilities are included in Accrued liabilities in the Consolidated Balance Sheet. See additional information, including accounting policies related to our adoption of the CECL update, set forth in Notes 11 and 12. Inventories Costs included in inventories are raw materials, labor, supplies and allocable depreciation and overhead. Raw materials inventory is valued on an average cost basis. Other inventory cost elements are valued at cost, using the first-in, first-out method. The Company writes down the inventories for estimated obsolescence, and to lower of cost or net realizable value based upon assumptions about future demand and market conditions. Write-downs of inventories are charged to Cost of goods sold. If actual demand or market conditions are less favorable than those projected by the Company, additional inventory write-downs may be required. Once established, the original cost of the inventory less the related write-down represents the new cost basis of such inventories. See additional information set forth in Notes 2 and 13. Leases Effective January 1, 2019, we adopted the provisions of ASC 842, Leases, using the effective date (or modified retrospective) approach for transition. Under this transition method, periods prior to 2019 have not been restated, and the cumulative effect of initially applying the new standard was recorded as an adjustment to Retained earnings at January 1, 2019. The new standard is intended to increase transparency and comparability among organizations by requiring the recognition of right of use (“ROU”) assets and lease liabilities on the balance sheet. Most prominent among the changes under the new standard is the recognition of ROU assets and lease liabilities by lessees for those leases classified as operating leases. Under the new standard, disclosures are required to meet the objective of enabling users of financial statements to assess the amount, timing, and uncertainty of cash flows arising from leases. We applied the new accounting standard to leases existing at the date of initial application of January 1, 2019. We elected the available package of practical expedients, which permitted us to not reassess under the new standard our prior conclusions about lease identification, lease classification and initial direct costs. We implemented processes and internal controls to enable the preparation of financial information related to this standard. The most significant impacts resulting from the adoption of the new standard were the recognition of ROU assets and lease liabilities for operating leases on our balance sheet for our real estate and automobile operating leases, as well as to the derecognition and reassessment of assets and liabilities related to our primary manufacturing facility in Salt Lake City, Utah (SLC lease) which, previously, had been accounted for as a build-to-suit lease with a failed sale-leaseback. For that lease, transitional guidance required the derecognition of existing assets and liabilities and a reassessment of lease classification. We determined that the lease met the criteria for recording as a finance lease and we determined the January 1, 2019 values of the ROU asset and lease liability on the basis of that reassessment. The change in the SLC lease-related assets and liabilities resulted in a $0.3 million pre-tax reduction to Retained earnings at the date of adoption. We have certain lease agreements with lease and non-lease components. For most of these leases, we account for the lease and non-lease components as a single lease component, in accordance with the practical expedient that is available for ongoing accounting. Additionally, for certain other leases, such as for vehicles, we apply a portfolio approach. Such new leases are classified as financing or operating, with classification affecting the pattern and classification of expense recognition in the income statement. Expenses related to operating leases are recognized on a straight-line basis, while those determined to be financing leases are recognized following a front-loaded expense profile, in which interest and amortization are presented separately in the income statement. Operating lease ROU assets are included in Other assets in the Consolidated Balance Sheets, while finance lease ROU assets are included in Property, plant, and equipment, net. Lease liabilities for both operating and finance leases are included in Accrued liabilities and Other noncurrent liabilities in the Consolidated Balance Sheets. See additional information set forth in Note 20. Property, Plant and Equipment Property, plant and equipment are recorded at cost, or if acquired as part of a business combination, at fair value. Depreciation is recorded using the straight-line method over the estimated useful lives of the assets for financial reporting purposes. In some cases, accelerated methods are used for income tax purposes. Significant additions or improvements extending assets’ useful lives are capitalized; normal maintenance and repair costs are expensed as incurred. The cost of fully depreciated assets remaining in use is included in the respective asset and accumulated depreciation accounts. When items are sold or retired, related gains or losses are included in net income. Computer software purchased for internal use, at cost, is amortized on a straight-line basis over five We review the carrying value of property, plant and equipment and other long-lived assets for impairment whenever events and circumstances indicate that the carrying value of an asset group may not be recoverable from the estimated future cash flows expected to result from its use and eventual disposition. See additional information set forth in Note 14. Goodwill, Intangibles, and Other Assets The assets and liabilities of acquired businesses are recorded under the acquisition method of accounting at their estimated fair values at the date of acquisition.Goodwill represents the excess of the purchase price over the fair value of the net tangible and identifiable intangible assets acquired in each business combination. Intangible assets from acquired businesses are recognized at fair value on the acquisition date and consist of customer relationships, customer contracts, technology, intellectual property and other intangible assets. Goodwill and intangible assets with indefinite useful lives are not amortized, but are tested for impairment at least annually. We perform an impairment test of our goodwill at least annually in the second quarter or more frequently whenever events or changes in circumstances indicate the carrying value of goodwill may be impaired. Such events or changes in circumstances may include a significant deterioration in overall economic conditions, changes in the business climate of our industry, a decline in our market capitalization, operating performance indicators, competition, reorganizations of our business, or the disposal of all or a portion of a reporting unit. Our goodwill has been allocated to and is tested for impairment at a level referred to as the reporting unit, which is our business segment level or a level below the business segment. The level at which we test goodwill for impairment requires us to determine whether the operations below the business segment constitute a self-sustaining business for which discrete financial information is available and segment management regularly reviews the operating results. We may use qualitative or quantitative approaches when testing goodwill for impairment. When we use the qualitative approach, we perform a qualitative evaluation of events and circumstances impacting the reporting unit to determine the likelihood of goodwill impairment. Based on that qualitative evaluation, if we determine it is more likely than not that the fair value of a reporting unit exceeds its carrying amount, no further evaluation is necessary. Otherwise, we perform a quantitative impairment test. To perform the quantitative impairment test, we compare the fair value of a reporting unit to its carrying value, including goodwill. If the fair value of a reporting unit exceeds its carrying value, goodwill of the reporting unit is not impaired. If the carrying value of the reporting unit, including goodwill, exceeds its fair value, a goodwill impairment loss is recognized in an amount equal to that excess. 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. 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. 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 2021, management applied the qualitative assessment approach in performing its annual evaluation of goodwill for the Company's Machine Clothing reporting unit and three AEC reporting units and concluded that each reporting unit’s fair value continued to exceed its carrying value. In addition, there were no amounts at risk due to the estimated excess between the fair and carrying values. Accordingly, no impairment charges were recorded. Impairment assessments inherently involve management judgments regarding a number of assumptions such as those described above. Due to the many variables inherent in the estimation of a reporting unit’s fair value and the relative size of our recorded goodwill, differences in assumptions could have a material effect on the estimated fair value of one or more of our reporting units and could result in a goodwill impairment charge in a future period. See additional information set forth in Note 18. We have an investment in a company in Russia that is accounted for under the equity method of accounting and is included in Other assets. We perform regular reviews of the financial condition of the investee to determine if our investment is other than temporarily impaired. If the financial condition of the investee were to no longer support their valuation, we would record an impairment provision. For some AEC contracts, we perform pre-production or nonrecurring engineering services. These costs are normally considered a fulfillment activity, rather than a performance obligation. Fulfillment activities that create resources that will be used in satisfying performance obligations in the future, and are expected to be recovered, are capitalized to Other assets, which is classified as a noncurrent asset in the Consolidated Balance Sheets. The capitalized costs are amortized into Cost of goods sold over the period over which the asset is expected to contribute to future cash flows, which includes anticipated renewal periods. Included in Other assets is $32.5 million in 2021 and $31.1 million in 2020 for defined benefit pension plans where plan assets exceed the projected benefit obligations. Other assets also includes financial assets of $0.7 million in 2021 and $0.7 million in 2020. See additional information set forth in Note 18. Stock-Based Compensation We have incentive compensation plans that authorize the issuance of stock-based awards for key employees, which are designed to reward short and long-term contributions and provide incentives for recipients to remain with the Company. We issue stock-based awards in the form of restricted stock units and performance stock units that generally vest between one and five years from the grant date and can be settled in cash or shares. Expenses associated with these awards are recognized over each respective vesting period. Liability based awards are settled in cash, while equity based awards are settled in stock. See additional information for stock-based compensation plans in Note 22. No stock options have been granted since 2002. Unexercised options generally terminate twenty years after the date of grant for all plans, and must be exercised within ten years of retirement. We recognized no stock option expense during 2021, 2020, or 2019 and there are currently no remaining unvested options for which stock-option compensation costs will be recognized in future periods. Derivatives We use derivatives from time to time to reduce potentially large adverse effects from changes in currency exchange rates and interest rates. We monitor our exposure to these risks and evaluate, on an ongoing basis, the risk of potentially large adverse effects versus the costs associated with hedging such risks. We may use interest rate swaps in the management of interest rate exposures and foreign currency derivatives in the management of foreign currency exposure related to assets and liabilities (including net investments in subsidiaries located outside the U.S.) denominated in foreign currencies. When we enter into a derivative contract, we make a determination whether the transaction is deemed to be a hedge for accounting purposes. For those contracts deemed to be a hedge, we formally document the relationship between the derivative instrument and the risk being hedged. In this documentation, we specifically identify the asset, liability, forecasted transaction, cash flow, or net investment that has been designated as the hedged item, and evaluate whether the derivative instrument is expected to reduce the risks associated with the hedged item. To the extent these criteria are not met, we do not use hedge accounting for the derivative. All derivative contracts are recorded at fair value, as a net asset or a net liability. Changes in the fair value of the hedge are recorded, net of tax, in other comprehensive income. For transactions that are designated as hedges, we perform an evaluation of the effectiveness of the hedge. We measure the effectiveness of hedging relationships both at inception and on an ongoing basis. The related gains and losses of derivative instruments, including those designated in hedge accounting relationships, are included as operating activities in the consolidated statements of cash flows. For derivatives that are designated and qualify as hedges of net investments in subsidiaries located outside the United States, changes in the fair value of derivatives are reported in other comprehensive income as part of Translation adjustments. Pension and Postretirement Benefit Plans As described in Note 4, we have pension and postretirement benefit plans covering substantially all employees. Our defined benefit pension plan in the United States was closed to new participants as of October 1998 and, as of February 2009, benefits accrued under this plan were frozen. We have liabilities for postretirement benefits in the U.S. and Canada. Substantially all of the liability relates to the U.S. plan. Effective January 2005, our postretirement benefit plan in the U.S. was closed to new participants, except for certain life insurance benefits. In September 2008, we changed the cost sharing arrangement under this program such that increases in health care costs are the responsibility of plan participants and, in August 2013, we reduced the life insurance benefit for retirees and eliminated that benefit for active employees. The pension plans are generally trusteed or insured, and accrued amounts are funded as required in accordance with governing laws and regulations. The annual expense and liabilities recognized for defined benefit pension plans and postretirement benefit plans are developed from actuarial valuations. Inherent in these valuations are key assumptions, including discount rates and expected return on plan assets, which are updated on an annual basis. We consider current market conditions, including changes in interest rates, in making these assumptions. Discount rate assumptions are based on the population of plan participants and a mixture of high-quality fixed-income investments with durations that match expected future payments. The assumption for expected return on plan assets is based on historical and expected returns on various categories of plan assets. Government Grants The Company recognizes government grants only when there is reasonable assurance that we will comply with the conditions attached to them and the grants will be received. Government grants are recognized in the Consolidated Statements of Income on a systematic basis over the periods in which we recognize as expenses the related costs for which the grants are intended to compensate. A government grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support with no future related costs is recognized in the Consolidated Statements of Income of the period in which it becomes receivable. During the third quarter of 2021, the Company was awarded an Aviation Manufacturing Jobs Protection Program ("AMJP") grant of $5.8 million, under the American Rescue Plan of the U.S. Department of Transportation. The AMJP grant is an income related grant, the purpose of which is to provide payroll assistance to eligible U.S. aircraft manufacturing/repair businesses who were impacted due to the COVID-19 downturn during 2020. The Company received $2.9 million in cash during the third quarter of 2021, and anticipates receiving the remaining balance in 2022. Accordingly, the Company recognized $5.8 million in its Consolidated Statements of Income for the year ended December 31, 2021, and reflected cash received to

Revenue Recognition

Revenue Recognition	12 Months Ended
	Dec. 31, 2021
Revenue Recognition [Abstract]
Revenue Recognition	Revenue RecognitionWe account for a contract when it has approval and commitment from both parties, the rights of the parties are identified, payment terms are identified, the contract has commercial substance, and collectability of consideration is probable. Revenue is measured based on the consideration specified in the contract with the customer, and excludes any amounts collected on behalf of third parties. We recognize revenue when we satisfy a performance obligation by transferring control over a product or service, or a series of distinct goods or services, to the customer which occurs either at a point in time, or over time, depending on the performance obligation in the contract. A performance obligation is a promise in the contract to transfer a distinct good or service to the customer, and is the unit of account. “Control” refers to the ability to direct the use of, and obtain substantially all of the remaining benefits from the product. A contract’s transaction price is allocated to each material distinct performance obligation and is recognized as revenue when, or as, the performance obligation is satisfied. In our MC segment, our primary performance obligation in most contracts is to provide solution-based, custom-designed fabrics and belts to the customer. We satisfy this performance obligation upon transferring control of the product to the customer at a specific point in time. Contracts with customers in the MC segment have various terms that can affect the point in time when revenue is recognized. Generally, the customer obtains control when the product has been received at the location specified by the customer, at which time the only remaining obligations under the contract may be fulfillment costs, in the form of shipping and handling, which are accrued when control of the product is transferred. In the MC segment, contracts with certain customers may also obligate us to provide various product-related services at no additional cost to the customer. When this obligation is material in the context of the contract with the customer, we recognize a separate performance obligation and allocate revenue to those services on a relative estimated standalone selling price basis. The standalone selling price for these services is determined based upon an analysis of the services offered and an assessment of the price we might charge for such services as a separate offering. As we typically provide such services on a stand-ready basis, we recognize this revenue over time. Revenue allocated to such service performance obligations is the only MC revenue that is recognized over time. In our AEC segment, we primarily enter into contracts to manufacture and deliver highly engineered advanced composite products to our customers. A significant portion of AEC revenue is earned under short duration, firm-fixed-price orders that are placed under a master agreement containing general terms and conditions applicable to all orders placed under the master agreement. To determine the proper revenue recognition method, we evaluate whether two or more orders or contracts should be combined and accounted for as one single contract, and whether the combined or single contract contains single or multiple performance obligations. This evaluation requires significant judgment, and the decision to combine a group of contracts, or to allocate revenue from the combined or single contract among multiple performance obligations, could have a significant impact on the amount of revenue and profit recorded in a given period. For most AEC contracts, the nature of our promise (or our performance obligation) to the customer is to provide a significant service of integrating a complex set of tasks and components into a single project or capability, which will often result in the delivery of multiple highly interdependent and interrelated units. At the inception of a contract, we determine the transaction price based on the consideration we expect to receive for the products or services being provided under the contract. For contracts where a portion of the price may vary, we estimate variable consideration at the most likely amount, which is included in the transaction price to the extent it is probable that a significant reversal of cumulative revenue recognized will not occur. We analyze the risk of a significant revenue reversal and if necessary constrain the amount of variable consideration recognized in order to mitigate this risk. We estimate the transaction price based on our current rights, and do not contemplate future modifications (including unexercised options) or follow-on contracts until they become legally enforceable. Many AEC contracts are subsequently modified to include changes in specifications, requirements or price, which may create new or change existing enforceable rights and obligations. Depending on the nature of the modification, we consider whether to account for the modification as an adjustment to the existing contract or as a separate contract. Generally, we are able to conclude that such modifications are not distinct from the existing contract, due to the significant integration of the obligations, and the interrelated nature of tasks, provided for in the modification and the existing contract. Therefore, such modifications are accounted for as if they were part of the existing contract, and we accumulate the values of such modifications in our estimates of contract value. Revenue is recognized over time for a large portion of our contracts in AEC as most of our contracts have provisions that are deemed to transfer control to the customer over time. Revenue is recognized based on the extent of progress towards completion of the performance obligation. The selection of the method to measure progress toward completion requires judgment and is based on the nature of the products or services to be provided. We generally use the cost-to-cost measure of progress for our contracts because it best depicts the transfer of assets to the customer which occurs as we incur costs to produce the contract deliverables. Under the cost-to-cost measure of progress, the extent of progress toward completion is measured based on the ratio of costs incurred to date to the total estimated costs at completion of the performance obligation. Revenue, including profit, is recorded proportionally as costs are incurred. Accounting for long-term contracts requires significant judgment and estimation, which could be considerably different if the underlying circumstances were to change. When any adjustments of estimated contract revenue or costs are required, any changes from prior estimates are included in revenues or earnings in the period in which the change occurs. In other AEC contracts, revenue is recognized at a point in time because the products are offered to multiple customers, or we do not have an enforceable right to payment until the product is shipped or delivered to the location specified by the customer in the contract. AEC’s largest source of revenue is derived from the LEAP contract (see Note 10) under a cost-plus-fee agreement. Beginning in 2018, the fee is variable based on our success in achieving certain cost targets. Revenue is recognized over time as costs are incurred. Under this contract, there is judgment involved in determining applicable contract costs and expected margin, and therefore, in determining the amount of revenue to be recognized. Payment terms granted to MC and AEC customers reflect general competitive practices. Terms vary with product, competitive conditions, and the country of operation. The following table provides a summary of the composition of each business segment: Segment Product Group 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 World-wide Albany Engineered Composites (AEC) Albany Safran Composites (ASC) Airframe and engine Components (Other AEC) 3D-woven, injected composite components for aircraft engines Rochester, NH Commercy, France Queretaro, Mexico We disaggregate revenue earned from contracts with customers for each of our business segments and product groups based on the timing of revenue recognition, and groupings used for internal review purposes. The following table presents disaggregated revenue for each product group by timing of revenue recognition: For the year ended December 31, 2021 (in thousands) Point in Time Revenue Recognition Over Time Revenue Recognition Total Machine Clothing $ 615,556 $ 3,459 $ 619,015 Albany Engineered Composites ASC — 109,803 109,803 Other AEC 15,972 184,450 200,422 Total Albany Engineered Composites 15,972 294,253 310,225 Total revenue $ 631,528 $ 297,712 $ 929,240 For the year ended December 31, 2020 (in thousands) Point in Time Revenue Recognition Over Time Revenue Recognition Total Machine Clothing $ 569,563 $ 3,392 $ 572,955 Albany Engineered Composites ASC — 98,411 98,411 Other AEC 18,343 210,901 229,244 Total Albany Engineered Composites 18,343 309,312 327,655 Total revenue $ 587,906 $ 312,704 $ 900,610 For the year ended December 31, 2019 (in thousands) Point in Time Revenue Recognition Over Time Revenue Recognition Total Machine Clothing $ 598,054 $ 3,200 $ 601,254 Albany Engineered Composites ASC — 220,188 220,188 Other AEC 28,584 204,106 232,690 Total Albany Engineered Composites 28,584 424,294 452,878 Total revenue $ 626,638 $ 427,494 $ 1,054,132 The following table disaggregates MC segment revenue by significant product groupings (paper machine clothing (PMC) and engineered fabrics), and, for PMC, the geographical region to which the paper machine clothing was sold: For the year ended December 31, (in thousands) 2021 2020 2019 Americas PMC $ 317,907 $ 297,490 $ 316,355 Eurasia PMC 219,506 202,181 210,961 Engineered Fabrics 81,602 73,284 73,938 Total Machine Clothing Net sales $ 619,015 $ 572,955 $ 601,254 We do not disclose the value of unsatisfied performance obligations for contracts with an original expected duration of one year or less. Contracts in the MC segment are generally for periods of less than a year. Most contracts in the AEC segment are short duration firm-fixed-price orders representing performance obligations with an original maturity of less than one year. Remaining performance obligations on contracts that had an original duration of greater than one year totaled $278 million as of December 31, 2021, $86 million as of December 31, 2020, and $82 million as of December 31, 2019, and related primarily to firm contracts in the AEC segment. Of the remaining performance obligations as of December 31, 2021 we expect to recognize as revenue approximately $98 million during 2022, $44 million during 2023, $34 million during 2024, and the remainder thereafter.

Reportable Segments and Geograp

Reportable Segments and Geographic Data	12 Months Ended
	Dec. 31, 2021
Segment Reporting [Abstract]
Reportable Segments and Geographic Data	Reportable Segments and Geographic Data In accordance with applicable disclosure guidance for enterprise segments and related information, the internal organization that is used by management for making operating decisions and assessing performance is used as the basis for our reportable segments. The accounting policies of the segments are the same as those described in Note 1. Corporate expenses include wages and benefits for corporate headquarters personnel, costs related to information systems development and support, and professional fees related to legal, audit, and other activities. These costs are not allocated to the reportable segments because the decision-making for these functions lies outside of the segments. Machine Clothing: The Machine Clothing (“MC”) segment supplies permeable and impermeable belts used in the manufacture of paper, paperboard, tissue and towel, pulp, nonwovens, fiber cement and several other industrial applications. We sell our MC products directly to customer end-users in countries across the globe. Our products, manufacturing processes, and distribution channels for MC are substantially the same in each region of the world in which we operate. We design, manufacture, and market paper machine clothing (used in the manufacturing of paper, paperboard, tissue and towel) for each section of the paper machine and for every grade of paper. Paper machine clothing products are customized, consumable products of technologically sophisticated design that utilize polymeric materials in a complex structure. Albany Engineered Composites : The Albany Engineered Composites (“AEC”) segment, provides highly engineered, advanced composite structures to customers in the commercial and defense aerospace industries. The segment includes Albany Safran Composites, LLC (“ASC”), in which our customer, SAFRAN Group, owns a 10 percent noncontrolling interest, AEC, through ASC, is the exclusive supplier to the LEAP program of advanced composite fan blades and fan cases under a long-term supply contract. The LEAP engine is used on the Airbus A320neo and Boeing 737 MAX family of jets. AEC’s largest aerospace customer is the SAFRAN Group and sales to SAFRAN (consisting primarily of fan blades and cases for CFM’s LEAP engine) accounted for approximately 12 percent of the Company’s consolidated Net sales in 2021. In 2021, Safran leased manufacturing space from AEC for the GE9X program. Rent paid by Safran under this lease amounted to $0.9 million in both 2021 and 2020. AEC Net sales to Safran were $111.6 million in 2021, $99.0 million in 2020, and $226.8 million in 2019. The total of Accounts receivable, Contract assets and Noncurrent receivable due from Safran amounted to $79.6 million and $127.1 million as of December 31, 2021 and 2020, respectively. Other significant programs served by AEC include the F-35, Boeing 787, Sikorsky CH-53K, and JASSM programs. AEC also supplies vacuum waste tanks for the Boeing 7-Series programs, and specialty components for the Rolls Royce lift fan on the F-35, as well as the fan case for the GE9X engine. In 2021, approximately 47 percent of AEC sales were related to U.S. government contracts or programs. The following tables show data by reportable segment, reconciled to consolidated totals included in the financial statements: (in thousands) 2021 2020 2019 Net Sales Machine Clothing $ 619,015 $ 572,955 $ 601,254 Albany Engineered Composites 310,225 327,655 452,878 Consolidated total $ 929,240 $ 900,610 $ 1,054,132 Depreciation and amortization Machine Clothing 20,191 20,304 21,875 Albany Engineered Composites 50,402 48,496 44,670 Corporate expenses 3,662 3,905 4,250 Consolidated total $ 74,255 $ 72,705 $ 70,795 Operating income/(loss) Machine Clothing 215,654 190,805 191,965 Albany Engineered Composites 16,160 31,536 55,520 Corporate expenses (53,803) (56,261) (53,909) Operating income $ 178,011 $ 166,080 $ 193,576 Reconciling items: Interest income (2,500) (2,748) (2,729) Interest expense 17,391 16,332 19,650 AMJP grant (5,832) — — Other expense, net 3,021 13,422 (1,557) Income before income taxes $ 165,931 $ 139,074 $ 178,212 The table below presents restructuring costs by reportable segment (also see Note 5): (in thousands) 2021 2020 2019 Restructuring expenses, net Machine Clothing $ 1,202 $ 2,746 $ 1,129 Albany Engineered Composites 32 2,821 1,833 Corporate expenses 97 169 (57) Consolidated total $ 1,331 $ 5,736 $ 2,905 In the measurement of assets utilized by each reportable segment, we include Inventories, Accounts receivable, net, Contract assets, net, Noncurrent receivables, net, Property, plant and equipment, net, Intangibles, net and Goodwill. On November 20, 2019, the Company acquired CirComp GmbH, resulting in a $35.3 million increase in AEC assets. The following table presents assets and capital expenditures by reportable segment: (in thousands) 2021 2020 2019 Segment assets Machine Clothing $ 459,182 $ 443,476 $ 441,072 Albany Engineered Composites 652,702 713,955 693,799 Reconciling items: Cash 302,036 241,316 195,540 Income taxes prepaid, receivable and deferred 28,334 44,697 57,783 Prepaid and Other assets 113,810 106,492 86,174 Consolidated total assets $ 1,556,064 $ 1,549,936 $ 1,474,368 Capital expenditures and purchased software Machine Clothing $ 20,177 $ 15,792 $ 16,707 Albany Engineered Composites 31,012 23,718 48,753 Corporate 2,510 2,880 2,495 Consolidated total $ 53,699 $ 42,390 $ 67,955 The following table shows data by geographic area. Net sales are based on the location of the operation recording the final sale to the customer. Net sales recorded by our entity in Switzerland are derived from products sold throughout Europe and Asia, and are invoiced in various currencies. (in thousands) 2021 2020 2019 Net sales United States $ 497,231 $ 503,473 $ 574,063 Switzerland 128,698 128,328 146,571 France 68,929 55,914 91,783 China 67,098 57,007 48,586 Brazil 62,925 60,259 64,666 Mexico 37,547 39,859 73,039 Other countries 66,812 55,770 55,424 Consolidated total $ 929,240 $ 900,610 $ 1,054,132 Property, plant and equipment, at cost, net United States $ 258,453 $ 263,201 $ 275,965 China 41,039 40,898 41,799 Mexico 40,699 41,738 45,640 France 33,802 41,107 43,986 Canada 14,139 9,672 9,509 Sweden 12,355 12,109 8,652 United Kingdom 10,156 10,731 11,047 Germany 9,652 10,808 10,577 Other countries 16,122 18,290 19,287 Consolidated total $ 436,417 $ 448,554 $ 466,462

Pensions and Other Postretireme

Pensions and Other Postretirement Benefit Plans	12 Months Ended
	Dec. 31, 2021
Retirement Benefits [Abstract]
Pensions and Other Postretirement Benefit Plans	Pensions and Other Postretirement Benefit Plans Pension Plans The Company has defined benefit pension plans covering certain U.S. and non-U.S. employees. The U.S. Pension Plus Plan (or the "Plan"), is a qualified defined benefit pension plan that has been closed to new participants since October 1998 and, as of February 2009, benefits accrued under the Plan were frozen. As a result of the freeze, employees covered by the Plan will receive, at retirement, benefits accrued through February 2009, but no benefits accrue after that date. Benefit accruals under the U.S. Supplemental Executive Retirement Plan (“SERP”), which is an unfunded plan, were similarly frozen. The U.S. Pension Plus Plan accounts for 44 percent of consolidated pension plan assets, and 48 percent of consolidated pension plan obligations. The eligibility, benefit formulas, and contribution requirements for plans outside of the U.S. vary by location. On July 29, 2021, the Company notified the participants of the U.S. Pension Plus Plan of its intent to terminate the Plan. In order to facilitate such termination, the Company has amended the Plan to, among other things, establish the termination date and set forth the procedures for termination. The Company also filed the necessary application with the Internal Revenue Service requesting the issuance of a determination letter regarding the Plan’s qualification status at termination. The Plan was terminated on September 30, 2021. This has not resulted in a curtailment or settlement charge during the year ended December 31, 2021; however, the year-end liability on the Consolidated Balance Sheets reflects assumptions and estimates of the impending settlement of the plan. The December 31, 2021 benefit obligations for the U.S. pension and postretirement plans were calculated using the Pri-2012 mortality table with MP-2020 generational projection. For U.S. pension funding purposes, the Company uses the plan’s IRS-basis current liability as its funding target, which is determined based on mandated assumptions. Benefits under the Company's pension plan in Switzerland utilize a cash balance interest crediting rate for determination of plan liabilities. As of December 31, 2021, the benefit obligation for that plan amounted to $5.4 million. In addition to providing pension benefits, the Company provides various medical, dental, and life insurance benefits for certain retired United States employees. U.S. employees hired prior to 2005 may become eligible for these benefits if they reach normal retirement age while working for the Company. Benefits provided under this plan are subject to change. Retirees share in the cost of these benefits. Any new employees hired after January 2005 who wish to be covered under this plan will be responsible for the full cost of such benefits. In September 2008, we changed the cost-sharing arrangement under this program such that increases in health care costs are the responsibility of plan participants. In August 2013, we reduced the life insurance benefit for retirees and eliminated the benefit for active employees. The Company also provides certain postretirement life insurance benefits to retired employees in Canada. As of December 31, 2021, the accrued postretirement liability was $43.7 million in the U.S. and $1.2 million in Canada. The Company accrues the cost of providing postretirement benefits during the active service period of the employees. The Company currently funds the plans as claims are paid. Accounting guidance requires the recognition of the funded status of each defined benefit and other postretirement benefit plan. Each overfunded plan is recognized as an asset and each underfunded plan is recognized as a liability. Company pension plan data for U.S. and non-U.S. plans has been combined for both 2021 and 2020, except where indicated below. The Company’s pension and postretirement benefit costs and benefit obligations are based on actuarial valuations that are affected by many assumptions, the most significant of which are the assumed discount rate, expected rate of return on pension plan assets, and mortality. Each of the assumptions is reviewed and updated annually, as appropriate. The assumed rates of return for pension plan assets are determined for each major asset category based on historical rates of return for assets in that category and expectations of future rates of return based, in part, on simulated future capital market performance. The assumed discount rate is based on yields from a portfolio of currently available high-quality fixed-income investments with durations matching the expected future payments, based on the demographics of the plan participants and the plan provisions. Gains and losses arise from changes in the assumptions used to measure the benefit obligations, and experience different from what had been assumed, including asset returns different than what had been expected. The Company amortizes gains and losses in excess of a “corridor” over the average future service of the plan’s current participants. The corridor is defined as 10 percent of the greater of the plan’s projected benefit obligation or market-related value of plan assets. The market-related value of plan assets is also used to determine the expected return on plan assets component of net periodic cost. The Company’s market-related value for its U.S. plan is measured by first determining the absolute difference between the actual and the expected return on the plan assets. The absolute difference in excess of 5 percent of the expected return is added to the market-related value over two years; the remainder is added to the market-related value immediately. To the extent the Company’s unrecognized net losses and unrecognized prior service costs, including the amount recognized through accumulated other comprehensive income, are not reduced by future favorable plan experience, they will be recognized as a component of the net periodic cost in future years. The following table sets forth the plan benefit obligations: As of December 31, 2021 As of December 31, 2020 (in thousands) Pension plans Other postretirement benefits Pension plans Other postretirement benefits Benefit obligation, beginning of year $ 245,800 $ 47,977 $ 227,211 $ 54,384 Service cost 2,192 132 2,279 200 Interest cost 5,467 1,103 6,172 1,712 Plan participants' contributions 175 — 198 — Actuarial (gain)/loss (7,163) (995) 13,309 (4,794) Benefits paid (9,399) (3,338) (8,123) (3,555) Settlements and curtailments (3,694) — (474) — Plan amendments and other (122) — (204) — Foreign currency changes (2,466) 5 5,432 30 Benefit obligation, end of year $ 230,790 $ 44,884 $ 245,800 $ 47,977 Accumulated benefit obligation $ 223,320 $ — $ 236,321 $ — Weighted average assumptions used to determine benefit obligations, end of year: Discount rate — U.S. plan 2.63 % 2.83 % 2.65 % 2.38 % Discount rate — non-U.S. plans 2.41 % 3.05 % 1.91 % 2.75 % Cash balance interest crediting rate - Switzerland pension plan 0.25 % — 0.05 % — Compensation increase — U.S. plan — — — — Compensation increase — non-U.S. plans 2.70 % 2.75 % 2.71 % 2.75 % During 2021, pension benefit obligations decreased by $15.0 million, $7.2 million of which was driven by net actuarial gains, principally resulting from higher discount rates, in addition to employer contributions of $9.4 million. Other postretirement benefit obligations decreased by $3.1 million in 2021, primarily driven by payments made by the company to participants of the plans. During 2020, pension benefit obligations increased by $18.6 million, $13.3 million of which was driven by net actuarial losses, principally resulting from a lower discount rate. Other postretirement benefit obligations decreased by $6.4 million in 2020, as changes in demographic data assumptions which resulted from a 2020 experience study, were partially offset by lower discount rates. The following sets forth information about plan assets: As of December 31, 2021 As of December 31, 2020 (in thousands) Pension plans Other postretirement benefits Pension plans Other postretirement benefits Fair value of plan assets, beginning of year $ 239,051 $ — $ 211,755 $ — Actual return on plan assets, net of expenses (2,648) — 28,477 — Employer contributions 2,431 3,338 3,219 3,555 Plan participants' contributions 175 — 198 — Benefits paid (9,399) (3,338) (8,123) (3,555) Settlements (3,694) — (737) — Foreign currency changes (589) — 4,262 — Fair value of plan assets, end of year $ 225,327 $ — $ 239,051 $ — The funded status of the plans was as follows: As of December 31, 2021 As of December 31, 2020 (in thousands) Pension plans Other postretirement benefits Pension plans Other postretirement benefits Fair value of plan assets $ 225,327 $ — $ 239,051 $ — Benefit obligation 230,790 44,884 245,800 47,977 Funded status $ (5,463) $ (44,884) $ (6,749) $ (47,977) Accrued benefit cost, end of year $ (5,463) $ (44,884) $ (6,749) $ (47,977) Amounts recognized in the consolidated balance sheet consist of the following: Noncurrent asset $ 32,504 $ — $ 31,139 $ — Current liability (7,116) (3,627) (2,281) (3,660) Noncurrent liability (30,851) (41,257) (35,607) (44,317) Net amount recognized $ (5,463) $ (44,884) $ (6,749) $ (47,977) Amounts recognized in accumulated other comprehensive income consist of: Net actuarial loss $ 52,138 $ 17,483 $ 53,065 $ 20,736 Prior service cost/(credit) 256 (8,458) 393 (12,946) Net amount recognized $ 52,394 $ 9,025 $ 53,458 $ 7,790 The composition of the net pension plan funded status as of December 31, 2021 was as follows: (in thousands) U.S. plan Non-U.S. plans Total Pension plans with pension assets $ — $ 32,504 $ 32,504 Pension plans without pension assets (10,404) (27,563) (37,967) Total $ (10,404) $ 4,941 $ (5,463) The net underfunded balance in the U.S. principally relates to the Supplemental Executive Retirement Plan. The composition of the net periodic benefit plan cost for the years ended December 31, 2021, 2020, and 2019, was as follows: Pension plans Other postretirement benefits (in thousands) 2021 2020 2019 2021 2020 2019 Components of net periodic benefit cost: Service cost $ 2,192 $ 2,279 $ 2,543 $ 132 $ 200 $ 189 Interest cost 5,467 6,172 7,216 1,103 1,712 2,114 Expected return on assets (6,564) (6,853) (8,285) — — — Amortization of prior service cost/(credit) 13 14 68 (4,488) (4,488) (4,488) Amortization of net actuarial loss 2,365 2,412 2,253 2,260 2,592 2,227 Settlement — 148 (16) — — — Curtailment (gain)/loss — 263 466 — — — Net periodic benefit cost $ 3,473 $ 4,435 $ 4,245 $ (993) $ 16 $ 42 Weighted average assumptions used to determine net cost: Discount rate — U.S. plan 2.65 % 3.40 % 4.41 % 2.38 % 3.27 % 4.31 % Discount rate — non-U.S. plans 1.91 % 2.31 % 2.98 % 2.75 % 3.05 % 3.65 % Cash balance interest crediting rate - Switzerland pension plan 0.05 % 0.25 % 0.85 % — — — Expected return on plan assets — U.S. plan 2.74 % 3.54 % 4.57 % — — — Expected return on plan assets — non-U.S. plans 2.89 % 3.45 % 4.45 % — — — Rate of compensation increase — U.S. plan — — — — — 3.00 % Rate of compensation increase — non-U.S. plans 2.71 % 2.81 % 3.02 % 2.75 % 3.00 % 3.00 % Pretax (gains)/losses on plan assets and benefit obligations recognized in other comprehensive income for the years ended December 31, 2021, 2020, and 2019, was as follows: Pension plans Other postretirement benefits (in thousands) 2021 2020 2019 2021 2020 2019 Settlements/curtailments $ — $ (411) $ (450) $ — $ — $ — Asset/liability loss/(gain) 1,927 (8,053) (2,794) (995) (4,794) 4,685 Amortization of actuarial (loss) (2,365) (2,412) (2,253) (2,260) (2,592) (2,227) Amortization of prior service cost/(credit) (13) (14) (68) 4,488 4,488 4,488 Other — (204) — — — — Currency impact (612) 670 316 2 3 — Cost/(benefit) in Other comprehensive income $ (1,063) $ (10,424) $ (5,249) $ 1,235 $ (2,895) $ 6,946 Investment Strategy Our investment strategy for pension assets differs for the various countries in which we have defined benefit pension plans. Some of our defined benefit plans do not require funded trusts and, in those arrangements, the Company funds the plans on a “pay as you go” basis. The largest of the funded defined benefit plans is the United States plan. United States plan: During 2009, we changed our investment strategy for the United States pension plan by adopting a liability-driven investment strategy. Under this arrangement, the Company seeks to invest in assets that track closely to the discount rate that is used to measure the plan liabilities. Accordingly, the plan assets are primarily debt securities. The change in investment strategy is reflective of the Company’s 2008 decision to freeze benefit accruals under the plan. Non-United States plans: For the countries in which the Company has funded pension trusts, the investment strategy may also be liability driven or, in other cases, to achieve a competitive, total investment return, achieving diversification between and within asset classes and managing other risks. Investment objectives for each asset class are determined based on specific risks and investment opportunities identified. Actual allocations to each asset class vary from target allocations due to periodic investment strategy changes, market value fluctuations, the length of time it takes to fully implement investment allocation positions, and the timing of benefit payments and contributions. Fair-Value Measurements The following tables present plan assets as of December 31, 2021, and 2020, using the fair-value hierarchy, which has three levels based on the reliability of inputs used, as described in Note 18. Certain investments that are measured at fair value using net asset value (NAV) as a practical expedient are not required to be categorized in the fair value hierarchy table. The total fair value of these investments is included in the table below to permit reconciliation of the fair value hierarchy to amounts presented in the funded status table above. As of December 31, 2021 and 2020, there were no investments expected to be sold at a value materially different than NAV. Assets at Fair Value as of December 31, 2021 (in thousands) Quoted prices in active markets Level 1 Significant other observable inputs Level 2 Significant Total Common Stocks and equity funds $ — $ — $ — $ — Debt securities — 98,252 — 98,252 Insurance contracts — — 3,861 3,861 Cash and short-term investments 724 — — 724 Total investments in the fair value hierarchy $ 724 $ 98,252 $ 3,861 102,837 Investments at net asset value: Common Stocks and equity funds 18,963 Fixed income funds 101,845 Limited partnerships 1,684 Total plan assets $ 225,329 Assets at Fair Value as of December 31, 2020 (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 $ — $ — $ — $ — Debt securities — 104,642 — 104,642 Insurance contracts — — 3,819 3,819 Cash and short-term investments 1,095 — — 1,095 Total investments in the fair value hierarchy $ 1,095 $ 104,642 $ 3,819 109,556 Investments at net asset value: Common Stocks and equity funds 20,213 Fixed income funds 107,012 Limited partnerships 2,270 Total plan assets $ 239,051 The following tables present a reconciliation of Level 3 assets held during the years ended December 31, 2021 and 2020: (in thousands) December 31, 2020 Net realized gains Net unrealized gains Net purchases, issuances Net transfers (out of) Level 3 December 31, 2021 Insurance contracts - total level 3 assets $ 3,819 $ — $ 24 $ 18 $ — $ 3,861 (in thousands) December 31, 2019 Net realized gains Net unrealized gains Net purchases, issuances and settlements Net transfers (out of) Level 3 December 31, 2020 Insurance contracts - total level 3 assets $ 3,244 $ — $ 22 $ 553 $ — $ 3,819 The asset allocation for the Company’s U.S. and non-U.S. pension plans for 2021 and 2020, 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 2021 2020 2021 2020 Equity securities — % — % — % 13 % 13 % 13 % Debt securities 100 % 98 % 98 % 82 % 80 % 81 % Real estate — % 2 % 2 % 1 % 1 % 1 % Other (1) — % — % — % 4 % 6 % 5 % 100 % 100 % 100 % 100 % 100 % 100 % (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. The targeted plan asset allocation is based on an analysis of the actuarial liabilities, a review of viable asset classes, and an analysis of the expected rate of return, risk, and other investment characteristics of various investment asset classes. At the end of 2021 and 2020, the projected benefit obligation, accumulated benefit obligation, and fair value of plan assets for pension plans with projected benefit obligation and an accumulated benefit obligation in excess of plan assets were as follows: Plans with projected benefit obligation in excess of plan assets (in thousands) 2021 2020 Projected benefit obligation $ 142,007 $ 42,703 Fair value of plan assets 104,041 4,815 Plans with accumulated benefit obligation in excess of plan assets (in thousands) 2021 2020 Accumulated benefit obligation $ 139,600 $ 40,133 Fair value of plan assets 104,041 4,815 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 $ 7,422 $ 3,626 Expected benefit payments 2022 111,226 3,626 2023 4,948 3,509 2024 5,246 3,366 2025 5,708 3,192 2026 5,996 3,084 2027-2031 31,480 13,798

Restructuring

Restructuring	12 Months Ended
	Dec. 31, 2021
Restructuring and Related Activities [Abstract]
Restructuring	Restructuring In 2020, AEC reduced its workforce at various locations, principally in the United States, leading to restructuring charges of $2.8 million. In 2017, the Company announced a proposal to discontinue operations at its MC production facility in Sélestat, France. The restructuring program was driven by the Company’s need to balance manufacturing capacity with demand. During 2017, we incurred $1.1 million of restructuring expense associated with this proposal but were unable to reasonably estimate the total costs for severance and other charges associated with the proposal as there was no assurance, at that time, that approval for the proposal would be obtained. In 2018, the plan was approved by the French Labor Ministry which led to restructuring expense of $10.7 million in 2018, which included severance and outplacement costs for the approximately 50 positions that were terminated under this plan. In 2019, restructuring charges were $0.9 million, in 2020, restructuring charges were $1.2 million, and in 2021, restructuring charges were $0.4 million. Since 2017, we have recorded $14.3 million of restructuring charges related to this action. In 2018, the Company discontinued certain manufacturing processes at its AEC facility in Salt Lake City, Utah, which resulted in $1.9 million of restructuring in 2018, which included a non-cash restructuring charge of $1.7 million, and an additional $0.2 million for severance. The non-cash restructuring charge resulted from writing down manufacturing equipment used in that line of business to its estimated value. In 2019, the Company wrote off the remaining $1.2 million book value of that equipment as the Company was unable to sell it. To date, we have recorded $3.1 million of restructuring charges related to these actions. The following table summarizes charges reported in the Consolidated Statements of Income under “Restructuring expenses, net”: Year ended December 31, 2021 (In thousands) Total restructuring costs incurred Termination and other costs Impairment of assets Machine Clothing $ 1,202 $ 1,202 $ — Albany Engineered Composites 32 32 — Corporate expenses 97 97 — Total $ 1,331 $ 1,331 $ — Year ended December 31, 2020 (In thousands) Total restructuring costs incurred Termination and other costs Impairment of assets Machine Clothing $ 2,746 $ 2,746 $ — Albany Engineered Composites 2,821 2,821 — Corporate expenses 169 169 — Total $ 5,736 $ 5,736 $ — Year ended December 31, 2019 (In thousands) Total restructuring costs incurred Termination and other costs Impairment of assets Machine Clothing $ 1,129 $ 667 $ 462 Albany Engineered Composites 1,833 659 1,174 Corporate expenses (57) (57) — Total $ 2,905 $ 1,269 $ 1,636 We expect that approximately $0.9 million of Accrued liabilities for restructuring at December 31, 2021 will be paid within one year and approximately $0.1 million will be paid the following year. The table below presents the changes in restructuring liabilities for 2021 and 2020, all of which related to termination costs: (in thousands) December 31, 2020 Restructuring charges accrued Payments Currency translation/other December 31, 2021 Total termination and other costs $ 2,195 $ 1,331 $ (2,469) $ (12) $ 1,045 (in thousands) December 31, Restructuring charges accrued Payments Currency translation/other December 31, 2020 Total termination and other costs $ 2,042 $ 5,736 $ (5,668) $ 85 $ 2,195

Other expense_(income), net

Other expense/(income), net	12 Months Ended
	Dec. 31, 2021
Other Income and Expenses [Abstract]
Other expense/(income), net	Other expense/(income), net The components of Other expense/(income), net, are: (in thousands) 2021 2020 2019 Currency transactions $ (1,179) $ 13,569 $ (4,471) Bank fees and other costs 373 367 348 Pension settlements and curtailments — 411 450 Components of net periodic pension and postretirement cost other than service 156 1,561 1,105 Other 3,671 (2,486) 1,011 Total $ 3,021 $ 13,422 $ (1,557) In 2021, Other (income)/expense, net included gains related to the revaluation of nonfunctional-currency balances of $1.2 million, as compared to a loss of $13.6 million during 2020, principally resulting from the effect of variations in the strength of the peso on intercompany demand loans payable by Mexican subsidiaries. As a result of changes in business conditions that occurred in the first quarter of 2020, certain loan repayments were no longer expected in the foreseeable future and, beginning April 1, 2020, the revaluation effects for those loans were recorded in Other comprehensive income, which resulted in a pre-tax gain of $5.0 million being recorded in Other comprehensive income in 2020. The same loans had an insignificant effect on Other comprehensive income in 2021. In 2020, the Company recorded other income of $2.6 million related to a successful claim for a rebate of foreign sales tax paid in previous years. In 2019, the Company took actions to freeze accrued benefits under the United Kingdom defined benefit pension plan, which resulted in a curtailment charge of $0.5 million.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Provision for income taxes consisted of the following: For the year ended December 31 (in thousands) 2021 2020 2019 Income before income taxes: U.S. $ 63,708 $ 63,375 $ 76,024 Non-U.S. 102,223 75,699 102,188 $ 165,931 $ 139,074 $ 178,212 Income tax expense/(benefit) Current: Federal $ 3,348 $ 1,415 $ 780 State 2,663 2,028 6,357 Non-U.S. 29,319 26,916 25,255 $ 35,330 $ 30,359 $ 32,392 Deferred: Federal $ 9,911 $ 11,211 $ 10,583 State (24) 192 253 Non-U.S. 1,946 69 1,601 $ 11,833 $ 11,472 $ 12,437 Total income tax expense $ 47,163 $ 41,831 $ 44,829 A reconciliation of the U.S. federal statutory tax rate to the Company’s effective income tax rate is as follows: For the year ended December 31 2021 2020 2019 U.S. federal statutory tax rate 21.0 % 21.0 % 21.0 % State taxes, net of federal benefit 1.8 1.8 3.0 Non-U.S. local income taxes 2.5 3.2 4.4 U.S. permanent adjustments 1.1 0.1 — Foreign rate differential 1.2 0.6 0.5 Net U.S. tax on non-U.S. earnings and foreign withholdings 2.1 1.2 0.3 Provision for/(resolution) of tax audits and contingencies, net 0.1 0.5 (1.6) Tax effect of non-deductible foreign exchange loss on intercompany loan — 2.7 — Impact of amended tax returns (1.3) — — Return to provision and other adjustments (0.1) (1.0) (2.4) Effective income tax rate 28.4 % 30.1 % 25.2 % The Company's subsidiary in Mexico has an intercompany loan payable in U.S. dollars. As a result of the weaker Mexican peso, the Company recorded a revaluation loss in 2020 which is not deductible under Mexican tax law, leading to a $3.8 million discrete tax charge. The Company has operations which constitute a taxable presence in 18 countries outside of the United States. The Company is subject to audit in the U.S. and various foreign jurisdictions. Our open tax years for major jurisdictions generally range from 2012-2021. During the periods reported, income outside of the U.S. was heavily concentrated within Brazil (34% tax rate), China (25% tax rate), and Mexico (30% tax rate). The foreign rate differential of these jurisdictions was partially offset by Switzerland (7.8% tax rate). As a result, the foreign income tax rate differential was primarily attributable to these tax rate differences. Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of certain assets and liabilities for financial reporting purposes and income tax purposes. Significant components of the Company’s deferred tax assets and liabilities are as follows: For the year ended December 31 U.S. Non-U.S. (in thousands) 2021 2020 2021 2020 Deferred tax assets: Accounts receivable, net $ 428 $ 672 $ 1,378 $ 1,453 Inventories 1,450 762 1,752 1,995 Incentive compensation 4,580 4,490 1,084 1,064 Property, plant, equipment and intangibles, net — — 4,339 2,382 Pension, post retirement benefits - non-current 12,912 12,498 — 82 Tax loss carryforwards 217 517 19,821 24,509 Tax credit carryforwards 4,643 9,236 — 954 Derivatives 468 3,283 — — Reserves 991 2,704 — — Deferred revenue 239 1,471 — — Other — — 1,791 638 Deferred tax assets before valuation allowance 25,928 35,633 30,165 33,077 Less: valuation allowance (9) (9) (10,650) (10,261) Total deferred tax assets $ 25,919 $ 35,624 $ 19,515 $ 22,816 Deferred tax liabilities: Unrepatriated foreign earnings $ 6,308 $ 3,779 $ — $ — Property, plant, equipment and intangibles, net 5,356 3,122 — — Basis difference in partner capital 2,466 2,911 — — Basis difference in investment 3,985 6,881 — — Deferred revenue — — 10,829 11,989 Other 963 519 602 — Total deferred tax liabilities $ 19,078 $ 17,212 $ 11,431 $ 11,989 Net deferred tax asset $ 6,841 $ 18,412 $ 8,084 $ 10,827 Deferred income tax assets, net of valuation allowances, are expected to be realized through the reversal of existing taxable temporary differences and future taxable income. In 2021, the Company recorded immaterial movements in its valuation allowance, which are included in Schedule II in Item 15. As of December 31, 2021, the Company's net operating loss, capital loss and tax credit carryforwards were as follows: (in thousands) Expiration Period Net Operating and Capital Loss Carryforwards Tax Credit Carryforwards Jurisdiction U.S. Federal 2025 - 2040 $ — $ 4,802 U.S. State 2027 - 2035 3,471 400 U.S. State Indefinite 52 — Non-U.S. 2025 - 2030 22,383 — Non-U.S. Indefinite 43,154 — Balance at end of year $ 69,060 $ 5,202 The Company records the residual U.S. and foreign taxes on certain amounts of foreign earnings that have been targeted for repatriation to the U.S. These amounts are not considered to be indefinitely reinvested, and the Company accrued for the tax cost on these earnings to the extent they cannot be repatriated in a tax-free manner. The Company has targeted for repatriation $187.6 million of current year and prior year earnings of the Company’s foreign operations. If these earnings were distributed, the Company would be subject to foreign withholding taxes of $3.4 million and U.S. income taxes of $2.9 million which have already been recorded. The accumulated undistributed earnings of the Company’s foreign operations not targeted for repatriation to the U.S. were approximately $190.2 million, and are intended to remain indefinitely invested in foreign operations. No additional income taxes have been provided on the indefinitely invested foreign earnings at December 31, 2021. If these earnings were distributed, the Company could be subject to income taxes and additional foreign withholding taxes. Determining the amount of unrecognized deferred tax liability related to any additional outside basis difference in these entities is not practical due to the complexities of the hypothetical calculation. The following table provides a reconciliation of the beginning and ending amount of unrecognized tax benefits. If recognized, $1.5 million would impact the effective tax rate at December 31, 2021: (in thousands) 2021 2020 2019 Unrecognized tax benefits balance at January 1, $ 5,491 $ 5,834 $ 3,790 Increase in gross amounts of tax positions related to prior years 278 540 4,874 Decrease in gross amounts of tax positions related to prior years (4,236) (637) (2,239) Increase in gross amounts of tax positions related to current years — — — Decrease due to settlements with tax authorities — — — Decrease due to lapse in statute of limitations (39) (300) (626) Currency translation (35) 54 35 Unrecognized tax benefits balance at December 31, $ 1,459 $ 5,491 $ 5,834

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
Earnings Per Share	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) 2021 2020 2019 Net income attributable to the Company $ 118,478 $ 98,589 $ 132,398 Weighted average number of shares: Weighted average number of shares used in calculating basic net income per share 32,348 32,329 32,296 Effect of dilutive stock-based compensation plans: Stock options 2 7 12 Long-term incentive plan 113 20 14 Weighted average number of shares used in calculating diluted net income per share 32,463 32,356 32,322 Average market price of common stock used for calculation of dilutive shares $ 82.88 $ 58.56 $ 78.13 Net income per share: Basic $ 3.66 $ 3.05 $ 4.10 Diluted $ 3.65 $ 3.05 $ 4.10 Shares outstanding, net of treasury shares, were 32.1 million as of December 31, 2021, and 32.3 million as of 2020 and 2019.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (AOCI)	12 Months Ended
	Dec. 31, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (AOCI)	Accumulated Other Comprehensive Income (AOCI) The table below presents changes in the components of AOCI from January 1, 2019 to December 31, 2021: (in thousands) Translation adjustments Pension and postretirement liability adjustments Derivative valuation adjustment Total Other Comprehensive Income January 1, 2019 $ (115,976) $ (47,109) $ 4,697 $ (158,388) Other comprehensive income/(loss) before reclassifications (6,876) (525) (10,523) (17,924) Pension/postretirement settlements and curtailments, net of tax — 376 — 376 Pension/postretirement plan remeasurement, net of tax — (1,437) — (1,437) Interest expense related to swaps reclassified to the Statements of Income, net of tax — — 2,691 2,691 Pension and postretirement liability adjustments reclassified to Statements of Income, net of tax — 47 — 47 Adjustment related to prior period change in opening valuation allowance — (1,346) — (1,346) Net current period other comprehensive income (6,876) (2,885) (7,832) (17,593) December 31, 2019 $ (122,852) $ (49,994) $ (3,135) $ (175,981) Other comprehensive income/(loss) before reclassifications 39,649 (722) (9,363) 29,564 Pension/postretirement settlements and curtailments, net of tax — 283 — 283 Pension/postretirement plan remeasurement, net of tax — 10,390 — 10,390 Interest expense related to swaps reclassified to the Statements of Income, net of tax — — 2,954 2,954 Pension and postretirement liability adjustments reclassified to Statements of Income, net of tax — 382 — 382 Net current period other comprehensive income 39,649 10,333 (6,409) 43,573 December 31, 2020 $ (83,203) $ (39,661) $ (9,544) $ (132,408) Other comprehensive income/(loss) before reclassifications (22,677) 1,869 2,812 (17,996) Pension/postretirement settlements and curtailments, net of tax — — — — Pension/postretirement plan remeasurement, net of tax — (796) — (796) Interest expense related to swaps reclassified to the Statements of Income, net of tax — — 5,118 5,118 Pension and postretirement liability adjustments reclassified to Statements of Income, net of tax — 98 — 98 Net current period other comprehensive income (22,677) 1,171 7,930 (13,576) December 31, 2021 $ (105,880) $ (38,490) $ (1,614) $ (145,984) The components of our Accumulated Other Comprehensive Income that are reclassified to the Statement of Income relate to our pension and postretirement plans and interest rate swaps. 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, 2021, 2020, and 2019. (in thousands) 2021 2020 2019 Pretax Derivative valuation reclassified from Accumulated Other Comprehensive Income: Expense related to interest rate swaps included in Income before taxes (a) $ 6,852 $ 3,982 $ (1,011) Income tax effect (1,734) (1,028) 259 Effect on net income due to items reclassified from Accumulated Other Comprehensive Income $ 5,118 $ 2,954 ($752) Pretax pension and postretirement liabilities reclassified from Accumulated Other Comprehensive Income: Pension/postretirement settlements and curtailments $ — $ 411 $ 450 Amortization of prior service credit (4,475) (4,474) (4,420) Amortization of net actuarial loss 4,625 5,004 4,480 Total pretax amount reclassified (b) 150 941 510 Income tax effect (52) (276) (87) Effect on net income due to items reclassified from Accumulated Other Comprehensive Income $ 98 $ 665 $ 423 ________________________ (a) Included in interest expense, net are payments related to the interest rate swap agreements and amortization of swap buyouts (see Notes 17 and 18). (b) These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 4).

Noncontrolling Interest

Noncontrolling Interest	12 Months Ended
	Dec. 31, 2021
Noncontrolling Interest [Abstract]
Noncontrolling Interest	Noncontrolling Interest Effective October 31, 2013, Safran S.A. (Safran) acquired a 10 percent equity interest in a new Albany subsidiary, Albany Safran Composites, LLC (ASC). Under the terms of the transaction agreements, ASC will be the exclusive supplier to Safran of advanced 3D-woven composite parts for use in aircraft and rocket engines, thrust reversers and nacelles, and aircraft landing and braking systems (the “Safran Applications”). AEC may develop and supply parts other than advanced 3D-woven composite parts for all aerospace applications, as well as advanced 3D-woven composite parts for any aerospace applications that are not Safran Applications (such as airframe applications) and any non-aerospace applications. The agreement provides Safran an option to purchase Albany’s remaining 90 percent interest upon the occurrence of certain bankruptcy or performance default events, or if Albany’s Engineered Composites business is sold to a direct competitor of Safran. The purchase price is based initially on the same valuation of ASC used to determine Safran’s 10 percent equity interest, and increases over time as LEAP production increases. In accordance with the operating agreement, Albany received a $28 million preferred holding in ASC which includes a preferred return based on the Company’s revolving credit agreement. The common shares of ASC are owned 90 percent by Albany and 10 percent by Safran. The table below presents a reconciliation of income attributable to the noncontrolling interest and noncontrolling equity in the Company’s subsidiary Albany Safran Composites, LLC: (in thousands, except percentages) 2021 2020 Net income/(loss) of Albany Safran Composites (ASC) $ 4,227 $ (12,261) Less: Return attributable to the Company's preferred holding 1,325 1,202 Net income/(loss) of ASC available for common ownership $ 2,902 $ (13,463) Ownership percentage of noncontrolling shareholder 10 % 10 % Net income/(loss) attributable to noncontrolling interest $ 290 $ (1,346) Noncontrolling interest, beginning of year $ 3,799 $ 4,006 Net income/(loss) attributable to noncontrolling interest 290 (1,346) Changes in other comprehensive income attributable to noncontrolling interest (451) 1,139 Noncontrolling interest, end of year $ 3,638 $ 3,799

Accounts Receivable

Accounts Receivable	12 Months Ended
	Dec. 31, 2021
Receivables [Abstract]
Accounts Receivable	Accounts Receivable As of December 31, 2021 and 2020, Accounts receivable consisted of the following: (in thousands) December 31, December 31, Trade and other accounts receivable $ 168,046 $ 167,370 Bank promissory notes 26,284 24,860 Allowance for expected credit losses (2,345) (3,807) Accounts receivable, net $ 191,985 $ 188,423 The Company has Noncurrent receivables in the AEC segment that represent revenue earned, which has extended payment terms. The Noncurrent receivables will be invoiced to the customer over a 10-year period, which began in 2020. As of December 31, 2021 and December 31, 2020, Noncurrent receivables were as follows: (in thousands) December 31, December 31, Noncurrent receivables $ 32,049 $ 36,539 Allowance for expected credit losses (200) (274) Noncurrent receivables, net $ 31,849 $ 36,265 As described in Note 1, effective January 1, 2020, the Company adopted the provisions of ASC 326, Current Expected Credit Losses (CECL). This accounting update replaces the incurred loss impairment methodology under previous GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. Under this standard, the Company recognizes an allowance for expected credit losses on financial assets measured at amortized cost, such as Accounts receivable, Contract assets and Noncurrent receivables. The allowance is determined using a CECL model that is based on an historical average three-year loss rate and is measured by financial asset type on a collective (pool) basis when similar risk characteristics exist, at an amount equal to lifetime expected credit losses. The estimate reflects the risk of loss due to credit default, even when the risk is remote, and considers available relevant information about the collectability of cash flows, including information about past events, current conditions, and reasonable and supportable expected future economic conditions. While an expected credit loss allowance is recorded at the same time the financial asset is recorded, the Company monitors financial assets for credit impairment events to assess whether there has been a significant increase in credit risk since initial recognition, and considers both quantitative and qualitative information. The risk of loss due to credit default increases when one or more events occur that can have a detrimental impact on estimated future cash flows of that financial asset. Evidence that a financial asset is subject to greater credit risk includes observable data about significant financial difficulty of the customer, a breach of contract, such as a default or past due event, or it becomes probable that the customer will enter bankruptcy or other financial reorganization, among other factors. It may not be possible to identify a single discrete event, but rather, the combined effect of several events that may cause an increase in risk of loss. The probability of default is driven by the relative financial health of our customer base and that of the industries in which we operate, as well as the broader macro-economic environment. A changing economic environment or forecasted economic scenario can lead to a different probability of default and can suggest that credit risk has changed. At each reporting period, the Company will recognize the amount of change in current expected credit losses as an allowance gain or loss in Selling, general, and administrative expenses in the Consolidated Statements of Income. Financial assets are written-off when the Company has no reasonable expectation of recovering the financial asset, either in its entirety, or a portion thereof. This is the case when the Company determines that the customer does not have assets or sources of income that could generate sufficient cash flows to repay the amounts subject to the write-off. The following tables present the (increases)/decreases in the allowance for credit losses for Accounts receivable: (in thousands) December 31, (Charge)/ benefit Currency Other December 31, Specific customer reserves $ (1,742) $ (187) $ 116 $ 421 $ (1,392) Incremental expected credit losses (2,065) 1,074 38 — (953) Accounts receivable expected credit losses $ (3,807) $ 887 $ 154 $ 421 $ (2,345) (in thousands) December 31, 2019 CECL transition adjustment (Charge)/ benefit Currency translation Other December 31, 2020 Specific customer reserves $ (1,719) $ (44) $ (43) $ (42) $ 106 $ (1,742) Incremental expected credit losses $ — $ (1,139) $ (857) $ (46) $ (23) $ (2,065) Accounts receivable expected credit losses $ (1,719) $ (1,183) $ (900) $ (88) $ 83 $ (3,807) The following tables present the (increases)/decreases in the allowance for credit losses for Noncurrent receivables: (in thousands) December 31, (Charge)/ benefit Currency Other December 31, Noncurrent receivables expected credit losses $ (274) $ 72 $ 2 $ — $ (200) (in thousands) December 31, 2019 CECL transition adjustment (Charge)/ benefit Currency translation Other December 31, 2020 Noncurrent receivables expected credit losses $ — $ (206) $ (71) $ 3 $ — $ (274)

Contract Assets and Liabilities

Contract Assets and Liabilities	12 Months Ended
	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Contract Assets and Liabilities	Contract Assets and Liabilities Contract assets and Contract liabilities (included in Accrued liabilities) are reported in 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 are summarized as follows: (in thousands) December 31, December 31, Contract assets $ 113,249 $ 140,348 Allowance for expected credit losses (703) (1,059) Contract assets, net $ 112,546 $ 139,289 Contract liabilities $ 6,959 $ 8,206 Contract assets decreased $26.7 million during the year ended December 31, 2021, driven by cash inflows due to significant deliveries of LEAP components, which were delayed in the prior year due to slowdowns in the Boeing 737 MAX program. Other than the allowance for expected credit losses, there were no other provisions for losses related to our Contract assets during the years ended December 31, 2021 and 2020. The following tables present the (increases)/ decreases in the allowance for credit losses for Contract assets: (in thousands) December 31, (Charge)/ benefit Currency Other December 31, Contract assets expected credit losses $ (1,059) $ 339 $ 16 $ 1 $ (703) (in thousands) December 31, 2019 CECL transition adjustment (Charge)/ benefit Currency translation Other December 31, 2020 Contract assets expected credit losses $ — $ (403) $ (657) $ (5) $ 6 $ (1,059) Contract liabilities decreased $1.2 million during the year ended December 31, 2021, primarily due to revenue recognition from satisfied performance obligations exceeding the amounts invoiced to customers for contracts that were in a contract liability position. Revenue recognized for the years ended December 31, 2021 and 2020 that was included in the Contract liability balance at the beginning of the year was $5.8 million and $3.8 million, respectively.

Inventories

Inventories	12 Months Ended
	Dec. 31, 2021
Inventory Disclosure [Abstract]
Inventories	Inventories As of December 31, 2021 and 2020, inventories consisted of the following: (in thousands) December 31, 2021 December 31, 2020 Raw materials $ 58,689 $ 57,789 Work in process 44,839 40,416 Finished goods 14,354 12,273 Total inventories $ 117,882 $ 110,478

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	Property, Plant and Equipment The table below sets forth the components of property, plant and equipment as of December 31, 2021 and 2020: (in thousands) 2021 2020 Estimated useful life Land and land improvements $ 14,832 $ 15,611 25 years for improvements Buildings 243,584 246,137 15 to 40 years Right of use assets 10,971 10,971 10 to 15 years Machinery and equipment 1,067,059 1,076,092 5 to 15 years Furniture and fixtures 7,857 8,638 5 years Computer and other equipment 19,135 19,294 3 to 10 years Software 63,379 62,400 5 to 8 years Capital expenditures in progress 64,238 46,228 Property, plant and equipment, gross 1,491,055 1,485,371 Accumulated depreciation and amortization (1,054,638) (1,036,817) Property, plant and equipment, net $ 436,417 $ 448,554 Depreciation expense was $65.1 million in 2021, $63.3 million in 2020, and $62.1 million in 2019. Software amortization is recorded in Selling, general, and administrative expense and was $1.9 million in 2021, $2.1 million in 2020, and $2.4 million in 2019. Capital expenditures, including purchased software, were $53.7 million in 2021, $42.4 million in 2020, and $68.0 million in 2019. Unamortized software cost was $3.9 million, $4.8 million, and $5.3 million in each of the years ended December 31, 2021, 2020, and 2019, respectively. Expenditures for maintenance and repairs are charged to income as incurred and amounted to $19.3 million in 2021, $17.7 million in 2020, and $19.8 million in 2019.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	15. Goodwill and Other Intangible Assets The changes in intangible assets and goodwill from December 31, 2019 to December 31, 2021, were as follows: (in thousands, except for years) Amortization life in years Balance at December 31, 2020 Other Changes Amortization Currency Translation Balance at December 31, 2021 Finite-Lived intangible assets: AEC Trademarks and trade names 6-15 $ 57 $ — $ (12) $ — $ 45 AEC Technology 10-15 5,744 — (629) (403) 4,712 AEC Intellectual property 15 1,160 — (83) — 1,077 AEC Customer contracts 6 3,632 — (2,912) — 720 AEC Customer relationships 8-15 36,260 — (3,503) (230) 32,527 AEC Other intangibles 5 16 — (16) — — Total Finite-Lived intangible assets $ 46,869 $ — $ (7,155) $ (633) $ 39,081 Indefinite-Lived intangible assets: MC Goodwill $ 72,290 $ — $ — $ (3,961) $ 68,329 AEC Goodwill 115,263 — — (1,468) 113,795 Total Indefinite-Lived intangible assets $ 187,553 $ — $ — $ (5,429) $ 182,124 (in thousands, except for years) Amortization life in years Balance at December 31, Other Changes Amortization Currency Balance at December 31, Finite-Lived intangible assets: AEC Trademarks and trade names 6-15 $ 73 $ — $ (16) $ — $ 57 AEC Technology 10-15 5,804 — (670) 610 5,744 AEC Intellectual property 15 1,243 — (83) — 1,160 AEC Customer contracts 6 6,544 — (2,912) — 3,632 AEC Customer relationships 8-15 39,147 329 (3,513) 297 36,260 AEC Other intangibles 5 81 — (65) — 16 Total Finite-Lived intangible assets $ 52,892 $ 329 $ (7,259) $ 907 $ 46,869 Indefinite-Lived intangible assets: MC Goodwill $ 67,672 $ — $ — $ 4,618 $ 72,290 AEC Goodwill 113,262 335 — 1,666 115,263 Total Indefinite-Lived intangible assets $ 180,934 $ 335 $ — $ 6,284 $ 187,553 On November 20, 2019, the Company acquired CirComp GmbH, a privately-held developer and manufacturer of high-performance composite components located in Kaiserslautern, Germany. The assets acquired include goodwill of $17.7 million and amortizable intangible assets of $10.3 million, including measurement period adjustments recorded in 2020. As of December 31, 2021, the gross carrying amount and accumulated amortization of Finite-Lived intangible assets was $78.3 million and $39.2 million, respectively. As of December 31, 2020, the gross carrying amount and accumulated amortization of Finite-Lived intangible assets was $78.0 million and $31.1 million, respectively. Amortization expense related to Finite-lived intangible assets was reported in the Consolidated Statement of Income as follows: $3.0 million in Cost of goods sold and $4.2 million in Selling, general and administrative expenses in 2021; $3.0 million in Cost of goods sold and $4.3 million in Selling, general and administrative expenses in 2020; and $3.0 million in Cost of goods sold and $3.3 million in Selling, general and administrative expenses in 2019. Estimated amortization expense of intangibles for the years ending December 31, 2022 through 2026, is as follows: Year Annual amortization (in thousands) 2022 $ 4,900 2023 4,200 2024 4,200 2025 4,200 2026 3,600

Accrued Liabilities

Accrued Liabilities	12 Months Ended
	Dec. 31, 2021
Payables and Accruals [Abstract]
Accrued Liabilities	16. Accrued Liabilities Accrued liabilities consist of: (in thousands) 2021 2020 Salaries, wages and benefits $ 54,254 $ 47,178 Pension and postretirement 10,742 5,941 Returns and allowances 9,798 10,560 Contract liabilities 6,959 8,206 Dividends 6,742 6,469 Operating and Financing lease liabilities 5,336 5,871 Contract loss reserve 3,608 11,250 Other tax 9,041 9,866 Freight 4,031 3,474 Professional fees 3,926 3,451 Other 9,888 13,193 Total $ 124,325 $ 125,459

Financial Instruments

Financial Instruments	12 Months Ended
	Dec. 31, 2021
Long-term Debt and Lease Obligation [Abstract]
Financial Instruments	Financial Instruments Long-term debt, principally to banks and noteholders, consists of: (in thousands, except interest rates) 2021 2020 Revolving credit agreement with borrowings outstanding at an end of period interest rate of 3.74% in 2021 and 3.50% in 2020 (including the effect of interest rate hedging transactions, as described below), due in 2024 $ 350,000 $ 398,000 Other debt, at an average end of period rate of 5.50% in both 2021 and 2020, final payment was made on April 20, 2021 — 9 Long-term debt 350,000 398,009 Less: current portion — (9) Long-term debt, net of current portion $ 350,000 $ 398,000 Principal payments of $350 million are due on long-term debt in 2024. Cash payments of interest amounted to $14.9 million in 2021, $15.1 million in 2020 and $17.4 million in 2019. On October 27, 2020, we entered into a $700 million unsecured Four-Year Revolving Credit Facility Agreement (the “Credit Agreement”) which amended and restated the prior amended and restated $685 million Five-Year Revolving Credit Facility Agreement, which we had entered into on November 7, 2017 (the “Prior Agreement”). Under the Credit Agreement, $350 million of borrowings were outstanding as of December 31, 2021. 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 16, 2021, the spread was 1.625%. The spread was based on a pricing grid, which ranged from 1.500% to 2.000%, 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, 2021, we would have been able to borrow an additional $350 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). On June 14, 2021, we entered into interest rate swap agreements for the period October 17, 2022 through October 27, 2024. 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 0.838% during the period. Under the terms of these transactions, we pay the fixed rate of 0.838% and the counterparties pay a floating rate based on the one-month LIBOR rate at each monthly calculation date, which on December 16, 2021 was 0.11%. 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 was amortized into interest expense through March 2021. 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 16, 2021 was 0.11%, during the swap period. On December 16, 2021, the all-in-rate on the $350 million of debt was 3.735%. 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 3.50 and minimum interest coverage (as defined) of 3.00. As of December 31, 2021, our leverage ratio was 1.04 and our interest coverage ratio was 14.69. We may purchase our Common Stock or pay dividends to the extent our leverage ratio remains at or below 3.50, 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, 2021. Currently, our Credit Agreement and certain of our derivative instruments reference one-month USD LIBOR-based rates, which are set to discontinue after June 30, 2023. Regulators in the U.S. and other jurisdictions have been working to replace these rates with alternative reference interest rates that are supported by transactions in liquid and observable markets, such as the Secured Overnight Financing Rate (SOFR) for USD LIBOR. Our Credit Agreement contains provisions specifying alternative interest rate calculations to be employed when LIBOR ceases to be available as a benchmark and we have adhered to the ISDA IBOR Fallbacks Protocol, which will govern our derivatives upon the final cessation of USD LIBOR. ASU 2020-04, Reference Rate Reform, helps limit the accounting impact from contract modifications, including hedging relationships, due to the transition from LIBOR to alternative reference rates that are completed by December 31, 2022. We adopted certain provisions of ASU 2020-04 during 2021. While we currently do not expect a significant impact to our operating results, financial position or cash flows from the transition from LIBOR to alternative reference interest rates, we will continue to monitor the impact of this transition until it is completed.

Fair-Value Measurements

Fair-Value Measurements	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Fair-Value Measurements	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, 2021, or at December 31, 2020. 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, 2021 December 31, 2020 (in thousands) Quoted prices in active markets (Level 1) Significant other observable inputs (Level 2) Quoted prices in active markets (Level 1) Significant other observable inputs (Level 2) Fair Value Assets: Cash equivalents $ 20,665 $ — $ 17,508 $ — Other Assets: Common stock of unaffiliated foreign public company (a) 702 — 748 — Interest rate swaps — 3,328 — — Liabilities: Other noncurrent liabilities: Interest rate swaps — (5,176) — (12,714) _____________________ (a) Original cost basis $0.5 million 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 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. As of December 31, 2021, these interest rate swaps were determined to be highly effective hedges of interest rate cash flow risk. 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 (income)/expense related to payments under the active swap agreements totaled $7.1 million in 2021, $5.4 million in 2020 and $(0.6) million in 2019. Additionally, non-cash interest income related to the amortization of swap buyouts totaled $0.3 million in 2021, $1.4 million in 2020, and $0.5 million in 2019.

Other Noncurrent Liabilities

Other Noncurrent Liabilities	12 Months Ended
	Dec. 31, 2021
Other Liabilities Disclosure [Abstract]
Other Noncurrent Liabilities	19. Other Noncurrent Liabilities As of December 31, 2021 and 2020, Other Noncurrent Liabilities consisted of the following: (in thousands) 2021 2020 Postretirement benefits other than pensions $ 41,257 $ 44,317 Pension liabilities 30,850 35,607 Finance leases 14,515 16,121 Operating leases 11,001 13,589 Interest rate swap agreements 5,176 12,714 Deferred payroll taxes — 2,593 Incentive and deferred compensation 3,257 2,286 Other 1,738 3,197 Total $ 107,794 $ 130,424

Leases

Leases	12 Months Ended
	Dec. 31, 2021
Lessee Disclosure [Abstract]
Leases	Leases Effective January 1, 2019, we adopted the provisions of ASC 842, Leases, using the effective date (or modified retrospective) approach for transition. Under this transition method, periods prior to 2019 were not been restated and the cumulative effect of initially applying the new standard was recorded as an adjustment to Retained earnings at January 1, 2019. The most significant impact resulting from the adoption of the new standard was the recognition of right of use assets and lease liabilities for operating leases on our balance sheet for our real estate and automobile operating leases, in addition to the derecognition and reassessment of assets and liabilities related to our primary manufacturing facility in Salt Lake City, Utah (SLC lease), which had been accounted for as a build-to-suit lease with a failed sale leaseback. For that lease, transitional guidance required the derecognition of existing assets and liabilities and a reassessment of lease classification. We determined that the lease met the criteria for recording as a finance lease and we determined the January 1, 2019 values of the ROU asset and lease liability on the basis of that reassessment. The change in the SLC lease-related assets and liabilities resulted in a $0.3 million pre-tax reduction to retained earnings at the date of adoption. Significant changes to our accounting policies as a result of adopting the new standard are discussed below. We determine if an arrangement is a lease at inception. A contract is, or contains a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. To assess whether a contract conveys the right to control the use of an identified asset, we assess whether: • The contract involves the use of an identified asset. This may be specified explicitly or implicitly, and should be physically distinct or represent substantially all of the capacity of a physically distinct asset, • The lessee has the right to obtain substantially all of the economic benefits from use of the asset throughout the period of use, and • The lessee has the right to direct the use of the asset, which is demonstrated when the lessee has decision-making rights that are most relevant to changing how and for what purpose the asset is used. Judgment is required in the application of ASC 842, including the determination of whether a contract contains a lease, the appropriate classification, allocation of consideration, and the determination of the discount rate for the lease. Key estimates and judgments include how the Company determines (1) the discount rate it uses to discount the unpaid lease payments to present value, (2) lease term and (3) lease payments. We are generally the lessee in our lease transactions. For periods ending after December 31, 2018, lessees are required to recognize a lease liability and a right of use asset for leases with terms greater than 12 months, in accordance with the practical expedient that is available for ongoing accounting. ROU assets represent the right to use an underlying asset for the lease term and lease liabilities represent an obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized on the commencement date based on the present value of lease payments over the lease term, using the rate implicit in the lease. If that rate is not readily determinable, the rate is based on the Company’s incremental borrowing rate. The operating lease ROU asset also includes any lease payments made and excludes lease incentives. Our lease terms may include options to extend or terminate the lease. Our ROU assets include the values associated with the additional periods when it is reasonably certain that we will exercise the option. We review the carrying value of ROU assets for impairment whenever events and circumstances indicate that the carrying value of an asset group may not be recoverable from the estimated future cash flows expected to result from its use and eventual disposition. We have operating and finance leases for offices, manufacturing facilities, warehouses, vehicles, and certain equipment. Our leases have remaining lease terms of 1 year to 8 years, some of which include options to extend the leases for up to 10 years, and some of which include options to terminate the leases within 1 year. The components of lease expense were as follows: For the years ended (in thousands) December 31, 2021 December 31, 2020 Finance lease Amortization of right-of-use asset $ 997 $ 1,056 Interest on lease liabilities 1,353 1,475 Operating lease Fixed lease cost 5,283 5,448 Variable lease cost (259) 314 Short-term lease cost 1,037 996 Total lease expense $ 8,411 $ 9,289 Lease expense for the year ended December 31, 2019 was $8.9 million. Supplemental cash flow information related to leases was as follows: For the years ended (in thousands) December 31, 2021 December 31, 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 5,233 $ 5,300 Operating cash outflows from finance leases 1,353 1,475 Financing cash outflows from finance leases 1,438 7,214 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 2,189 $ 4,017 Finance leases — — The initial recognition of each ROU asset and lease liability at lease commencement is a noncash transaction that is excluded from amounts reported in the Consolidated Statements of Cash Flows. In March 2020, the Company purchased, in cash, the primary CirComp GmbH operating facility in Germany for $5.8 million. This resulted in the recording of land and building assets, and the removal of the finance lease right of use assets and associated lease liabilities. The purchase is included with Principal payments on finance lease liabilities in the Consolidated Statements of Cash Flows. Supplemental balance sheet information related to leases was as follows: (in thousands) December 31, 2021 December 31, 2020 Operating leases Right of use assets included in Other assets $ 14,366 $ 17,712 Lease liabilities included in Accrued liabilities $ 3,730 $ 4,433 Other noncurrent liabilities 11,001 13,589 Total operating lease liabilities $ 14,731 $ 18,022 Finance leases Right-of-use assets included in Property, plant and equipment, net $ 7,979 $ 8,976 Lease liabilities included in Accrued liabilities $ 1,606 $ 1,438 Other noncurrent liabilities 14,515 16,121 Total finance lease liabilities $ 16,121 $ 17,559 Additional information for leases existing at December 31, 2021 and 2020 was as follows: December 31, 2021 December 31, 2020 Weighted average remaining lease term Operating leases 6 years 6 years Finance leases 8 years 9 years Weighted average discount rate Operating leases 4.4 % 4.5 % Finance leases 8.0 % 8.0 % Maturities of lease liabilities as of December 31, 2021 were as follows: (in thousands) Operating leases Finance leases Year ending December 31, 2022 $ 4,737 $ 2,838 2023 3,412 3,004 2024 2,199 3,004 2025 1,801 3,004 2026 1,782 3,004 Thereafter 2,789 6,501 Total lease payments 16,720 21,355 Less imputed interest (1,989) (5,234) Total $ 14,731 $ 16,121 Maturities of lease liabilities as of December 31, 2020 were as follows: (in thousands) Operating leases Finance leases Year ending December 31, 2021 $ 5,135 $ 2,790 2022 4,202 2,838 2023 2,829 3,004 2024 1,986 3,004 2025 1,788 3,004 Thereafter 4,587 9,505 Total lease payments 20,527 24,145 Less imputed interest (2,505) (6,586) Total $ 18,022 $ 17,559
Leases	Leases Effective January 1, 2019, we adopted the provisions of ASC 842, Leases, using the effective date (or modified retrospective) approach for transition. Under this transition method, periods prior to 2019 were not been restated and the cumulative effect of initially applying the new standard was recorded as an adjustment to Retained earnings at January 1, 2019. The most significant impact resulting from the adoption of the new standard was the recognition of right of use assets and lease liabilities for operating leases on our balance sheet for our real estate and automobile operating leases, in addition to the derecognition and reassessment of assets and liabilities related to our primary manufacturing facility in Salt Lake City, Utah (SLC lease), which had been accounted for as a build-to-suit lease with a failed sale leaseback. For that lease, transitional guidance required the derecognition of existing assets and liabilities and a reassessment of lease classification. We determined that the lease met the criteria for recording as a finance lease and we determined the January 1, 2019 values of the ROU asset and lease liability on the basis of that reassessment. The change in the SLC lease-related assets and liabilities resulted in a $0.3 million pre-tax reduction to retained earnings at the date of adoption. Significant changes to our accounting policies as a result of adopting the new standard are discussed below. We determine if an arrangement is a lease at inception. A contract is, or contains a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. To assess whether a contract conveys the right to control the use of an identified asset, we assess whether: • The contract involves the use of an identified asset. This may be specified explicitly or implicitly, and should be physically distinct or represent substantially all of the capacity of a physically distinct asset, • The lessee has the right to obtain substantially all of the economic benefits from use of the asset throughout the period of use, and • The lessee has the right to direct the use of the asset, which is demonstrated when the lessee has decision-making rights that are most relevant to changing how and for what purpose the asset is used. Judgment is required in the application of ASC 842, including the determination of whether a contract contains a lease, the appropriate classification, allocation of consideration, and the determination of the discount rate for the lease. Key estimates and judgments include how the Company determines (1) the discount rate it uses to discount the unpaid lease payments to present value, (2) lease term and (3) lease payments. We are generally the lessee in our lease transactions. For periods ending after December 31, 2018, lessees are required to recognize a lease liability and a right of use asset for leases with terms greater than 12 months, in accordance with the practical expedient that is available for ongoing accounting. ROU assets represent the right to use an underlying asset for the lease term and lease liabilities represent an obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized on the commencement date based on the present value of lease payments over the lease term, using the rate implicit in the lease. If that rate is not readily determinable, the rate is based on the Company’s incremental borrowing rate. The operating lease ROU asset also includes any lease payments made and excludes lease incentives. Our lease terms may include options to extend or terminate the lease. Our ROU assets include the values associated with the additional periods when it is reasonably certain that we will exercise the option. We review the carrying value of ROU assets for impairment whenever events and circumstances indicate that the carrying value of an asset group may not be recoverable from the estimated future cash flows expected to result from its use and eventual disposition. We have operating and finance leases for offices, manufacturing facilities, warehouses, vehicles, and certain equipment. Our leases have remaining lease terms of 1 year to 8 years, some of which include options to extend the leases for up to 10 years, and some of which include options to terminate the leases within 1 year. The components of lease expense were as follows: For the years ended (in thousands) December 31, 2021 December 31, 2020 Finance lease Amortization of right-of-use asset $ 997 $ 1,056 Interest on lease liabilities 1,353 1,475 Operating lease Fixed lease cost 5,283 5,448 Variable lease cost (259) 314 Short-term lease cost 1,037 996 Total lease expense $ 8,411 $ 9,289 Lease expense for the year ended December 31, 2019 was $8.9 million. Supplemental cash flow information related to leases was as follows: For the years ended (in thousands) December 31, 2021 December 31, 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 5,233 $ 5,300 Operating cash outflows from finance leases 1,353 1,475 Financing cash outflows from finance leases 1,438 7,214 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 2,189 $ 4,017 Finance leases — — The initial recognition of each ROU asset and lease liability at lease commencement is a noncash transaction that is excluded from amounts reported in the Consolidated Statements of Cash Flows. In March 2020, the Company purchased, in cash, the primary CirComp GmbH operating facility in Germany for $5.8 million. This resulted in the recording of land and building assets, and the removal of the finance lease right of use assets and associated lease liabilities. The purchase is included with Principal payments on finance lease liabilities in the Consolidated Statements of Cash Flows. Supplemental balance sheet information related to leases was as follows: (in thousands) December 31, 2021 December 31, 2020 Operating leases Right of use assets included in Other assets $ 14,366 $ 17,712 Lease liabilities included in Accrued liabilities $ 3,730 $ 4,433 Other noncurrent liabilities 11,001 13,589 Total operating lease liabilities $ 14,731 $ 18,022 Finance leases Right-of-use assets included in Property, plant and equipment, net $ 7,979 $ 8,976 Lease liabilities included in Accrued liabilities $ 1,606 $ 1,438 Other noncurrent liabilities 14,515 16,121 Total finance lease liabilities $ 16,121 $ 17,559 Additional information for leases existing at December 31, 2021 and 2020 was as follows: December 31, 2021 December 31, 2020 Weighted average remaining lease term Operating leases 6 years 6 years Finance leases 8 years 9 years Weighted average discount rate Operating leases 4.4 % 4.5 % Finance leases 8.0 % 8.0 % Maturities of lease liabilities as of December 31, 2021 were as follows: (in thousands) Operating leases Finance leases Year ending December 31, 2022 $ 4,737 $ 2,838 2023 3,412 3,004 2024 2,199 3,004 2025 1,801 3,004 2026 1,782 3,004 Thereafter 2,789 6,501 Total lease payments 16,720 21,355 Less imputed interest (1,989) (5,234) Total $ 14,731 $ 16,121 Maturities of lease liabilities as of December 31, 2020 were as follows: (in thousands) Operating leases Finance leases Year ending December 31, 2021 $ 5,135 $ 2,790 2022 4,202 2,838 2023 2,829 3,004 2024 1,986 3,004 2025 1,788 3,004 Thereafter 4,587 9,505 Total lease payments 20,527 24,145 Less imputed interest (2,505) (6,586) Total $ 18,022 $ 17,559

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Asbestos Litigation Albany International Corp. is a defendant in suits brought in various courts in the United States by plaintiffs who allege that they have suffered personal injury as a result of exposure to asbestos-containing paper machine clothing synthetic dryer fabrics marketed during the period from 1967 to 1976 and used in certain paper mills. We were defending 3,609 claims as of December 31, 2021. 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 New Claims Closing Number of Claims Amounts Paid (thousands) to 2019 3,684 51 75 3,708 $25 2020 3,708 152 59 3,615 57 2021 3,615 32 26 3,609 $93 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, 2021 we had resolved, by means of settlement or dismissal, 37,980 claims. The total cost of resolving all claims was $10.5 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. 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.

Incentive Plans

Incentive Plans	12 Months Ended
	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
Incentive Plans	Incentive Plans 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 or service measures. 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. Annual awards granted under this plan resulted in cash payments of $3.1 million in 2021 and $2.4 million in 2020 as a result of performance in in the preceding year. The Compensation Committee granted the executive management team a multi-year incentive compensation award in each 2019, 2020 and 2021. Each of these awards vests over three years from the grant date, and the extent of payout is dependent upon the achievement of certain performance metrics during the vesting period, as defined by the Compensation Committee. Payout is scheduled to occur no later than 90 days after the end of the vesting period. 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 to measure the cost for the share-based portion of an award. Expense associated with these awards is recognized over the vesting period. In connection with these awards, we recognized expense of $3.7 million in 2021, $4.8 million in 2020 and $4.9 million in 2019. The net impact to earnings for the respective years was $2.6 million, $3.4 million, and $3.5 million. Based on current estimates of achievement of certain performance metrics, we anticipate recognizing $1.4 million of expense in 2022 and $0.3 million of expense in 2023 and 2024, respectively. Beginning in 2021, the executive management team also receives restricted stock units that vest annually on December 31 and pay out no later than 90 days after the vesting period ends. The grant date share price is the date when the award is approved by the Compensation Committee and is used to measure the cost of the award. We recognized $0.6 million of expense in 2021 associated with these restricted stock units. The net impact to earnings was $0.4 million. As of December 31, 2021, there were 1,070,820 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 Year-end intrinsic value Shares potentially payable at January 1, 2019 112,465 $ 49.96 $ 5,619 Forfeitures — Payments (45,689) $ 36.74 Shares accrued based on 2019 performance 14,936 $ 92.12 Shares potentially payable at December 31, 2019 81,712 $ 65.06 $ 5,316 Forfeitures — Payments (20,680) $ 47.35 Shares accrued based on 2020 performance 36,808 $ 73.43 Shares potentially payable at December 31, 2020 97,840 $ 71.95 $ 7,040 Forfeitures — Payments (31,722) $ 66.25 Shares accrued based on 2021 performance 41,512 $ 78.06 Shares potentially payable at December 31, 2021 107,630 $ 75.99 $ 8,179 In 2012, the Company adopted a Phantom Stock Plan ("PSP") whereby awards under this program vest over a 5 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 $6.6 million in 2021, $5.4 million in 2020, and $6.3 million in 2019. The net impact to earnings for the respective years was $4.6 million, $3.9 million, and $4.5 million. Based on awards outstanding at December 31, 2021, we expect to record approximately $15 million of compensation cost from 2022 to 2025. The weighted average period for recognition of that cost is approximately 2 years. The determination of compensation expense for the PSP is based on the number of outstanding share units, the end-of-period share price, and Company performance. Information with respect to the PSP is presented below: Number of shares Weighted average value per Cash paid for share based Share units potentially payable at January 1, 2019 227,301 Grants 58,878 Changes due to performance 21,740 Payments (69,912) $ 70.67 $ 5,528 Forfeitures (22,935) Share units potentially payable at December 31, 2019 215,072 Grants 63,104 Changes due to performance 27,921 Payments (80,808) $ 73.04 $ 5,848 Forfeitures (11,441) Share units potentially payable at December 31, 2020 213,848 Grants 56,536 Changes due to performance 52,296 Payments (68,622) $ 74.22 $ 5,093 Forfeitures (5,644) Share units potentially payable at December 31, 2021 248,414 During 2019, 2020 and 2021, the Company granted restricted stock units to 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 2022. Expense recognized for these grants was $0.6 million in 2021, $0.4 million in 2020, and $1.1 million in 2019. The net impact to earnings for the respective years was $0.4 million, $0.3 million, and $0.8 million. Based on awards outstanding at December 31, 2021, we expect to record approximately $0.2 million of compensation cost during 2022. 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 $6.2 million in 2021, $6.5 million in 2020, and $6.8 million in 2019. The Company’s profit-sharing plan covers substantially all employees in the United States. After the close of each year, the Board of Directors reviews and approves 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 $4.8 million in 2021, $3.6 million in 2020, and $3.7 million in 2019.

Shareholders' Equity

Shareholders' Equity	12 Months Ended
	Dec. 31, 2021
Stockholders' Equity Note [Abstract]
Shareholders' Equity	Shareholders’ EquityWe 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 10 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. In 2019, a public offering of a portion of the Standish Family shares reduced the number of Class A Common Stock reserved for the conversion of Class B shares, by 1.6 million. In 2021, Standish Family Holdings, LLC and J.S. Standish Company (the "Selling Stockholders") agreed to sell to J.P. Morgan Securities LLC all of its ownership in the Company's Class A common stock. Such constituted a sale of nearly all of the remaining 1.6 million shares of the Company’s Class A Common Stock, par value $0.001 per share, to be issued upon conversion of an equal number of shares of the Company’s Class B common stock, par value $0.001 per share, at a price per share of $75.9656 (the "Transaction"). Immediately following the Transaction, the Selling Stockholders and related persons (including Christine L. Standish and John C. Standish) hold in the aggregate shares of the Company’s common stock entitling them to cast less than one percent of the combined votes entitled to be cast by all stockholders of the Company. In 2021, the Company's Board of Directors authorized the Company to repurchase shares of up to $200 million through open market purchases, privately negotiated transactions or otherwise, and to determine the prices, times and amounts. The program does not obligate the Company to acquire any particular amount of common stock, and it may be suspended or terminated at any time at the Company's discretion. The share repurchase program does not have an expiration date. The timing and amount of any share repurchases will be based on the Company’s liquidity, general business and market conditions, debt covenant restrictions and other factors, including alternative investment opportunities and capital structure. Through December 31, 2021, the Company has repurchased 285,286 shares for a total of cost of $24.4 million. Activity in Shareholders’ equity for 2019, 2020, and 2021 is presented below: (in thousands) Class A Common Stock Class B Common Stock Additional paid-in capital Retained earnings Accumulated items of other Class A Treasury Stock Noncontrolling Interest Total Equity Shares Amount Shares Amount Shares Amount January 1, 2019 37,450 $ 37 3,234 $ 3 $ 430,555 $ 589,645 $ (158,388) 8,419 $ (256,603) $ 3,031 $ 608,280 Net income attributable to the Company — — — — — 132,398 — — — 985 133,383 Adoption of accounting standards (a) — — — — — 35 — — — — 35 Compensation and benefits paid or payable in shares 26 — — — 1,311 — — — — — 1,311 Options exercised 7 — — — 112 — — — — — 112 Shares issued to Directors' — — — — 540 — — (10) 212 — 752 Dividends declared Class A Common Stock, $0.73 per share — — — — — (21,818) — — — — (21,818) Class B Common Stock, $0.73 per share — — — — — (1,763) — — — — (1,763) Conversion of Class B shares to Class A shares (b) 1,616 2 (1,616) (1) — (1) — — — — — Cumulative translation adjustments — — — — — — (6,876) — — (10) (6,886) Pension and postretirement liability adjustments — — — — — — (2,885) — — — (2,885) Derivative valuation adjustment — — — — — — (7,832) — — — (7,832) December 31, 2019 39,099 $ 39 1,618 $ 2 $ 432,518 $ 698,496 $ (175,981) 8,409 $ (256,391) $ 4,006 $ 702,689 Net income attributable to the Company — — — — — 98,589 — — — (1,346) 97,243 Adoption of accounting standards (c) — — — — — (1,443) — — — — (1,443) Compensation and benefits paid or payable in shares 13 — — — 622 — — — — — 622 Options exercised 3 — — — 55 — — — — — 55 Shares issued to Directors' — — — — 501 — — (18) 382 — 883 Dividends declared Class A Common Stock, $0.77 per share — — — — — (23,651) — — — — (23,651) Class B Common Stock, $0.77 per share — — — — — (1,245) — — — — (1,245) Cumulative translation adjustments — — — — — — 39,649 — — 1,139 40,788 Pension and postretirement liability adjustments — — — — — — 10,333 — — — 10,333 Derivative valuation adjustment — — — — — — (6,409) — — — (6,409) December 31, 2020 39,115 $ 39 1,618 $ 2 $ 433,696 $ 770,746 $ (132,408) 8,391 $ (256,009) $ 3,799 $ 819,865 Net income attributable to the Company — — — — — 118,478 — — — 290 118,768 Compensation and benefits paid or payable in shares 20 — — — 2,441 — — — — — 2,441 Options exercised 7 — — — 153 — — — — — 153 Shares issued to Directors' — — — — 706 — — (11) 241 — 947 Purchase of Treasury shares (d) — — — — — — — 285 (24,375) — (24,375) Dividends declared Class A Common Stock, $0.81 per share — — — — — (25,520) — — — — (25,520) Class B Common Stock, $0.81 per share — — — — — (647) — — — — (647) Conversion of Class B shares to Class A shares (e) 1,618 2 (1,618) (2) — — — — — — — Cumulative translation adjustments — — — — — — (22,677) — — (451) (23,128) Pension and postretirement liability adjustments — — — — — — 1,171 — — — 1,171 Derivative valuation adjustment — — — — — — 7,930 — — — 7,930 December 31, 2021 40,760 $ 41 — $ — $ 436,996 $ 863,057 $ (145,984) 8,665 $ (280,143) $ 3,638 $ 877,605 (a) As described in Note 20, the Company adopted ASC 842, Leases effective January 1, 2019, which resulted in an increase to Retained earnings of less than $0.1 million. (b) In the second quarter of 2019, Standish Family Holdings, LLC executed a secondary offering of Albany shares. As a result of the offering, 1.6 million shares of Class B Common Stock previously owned by Standish Family Holdings, LLC were converted to Class A Common Stock and then sold to third parties. Costs associated with the offering were charged directly to Standish Family Holdings, LLC. (c) As described in Note 1, the Company adopted the provisions of ASC 326, Current expected credit losses (CECL) effective January 1, 2020, which resulted in a decrease to Retained earnings of $1.4 million. (d) On October 25, 2021, the Company's Board of Directors authorized the Company to repurchase shares of up to $200 million through open market purchases, privately negotiated transactions or otherwise, and to determine the prices, times and amounts. In 2021, the Company repurchased 285,286 shares totaling $24.4 million. (e) In the third and fourth quarters of 2021, Standish Family Holdings, LLC executed a secondary offering of Albany shares. As a result of the offerings, 1.6 million shares of Class B Common Stock previously owned by Standish Family Holdings, LLC were converted to Class A Common Stock and then sold to third parties. Costs associated with the offering were charged directly to Standish Family Holdings, LLC.

VALUATION AND QUALIFYING ACCOUN

VALUATION AND QUALIFYING ACCOUNTS	12 Months Ended
	Dec. 31, 2021
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: 2021 $ 5,140 $ (1,299) $ (593) $ 3,248 2020 (b) 1,719 1,628 1,793 5,140 2019 7,337 309 (5,927) 1,719 Allowance for sales returns Year ended December 31: 2021 $ 9,668 $ 6,022 $ (6,138) $ 9,552 2020 11,249 3,199 (4,780) 9,668 2019 11,343 7,278 (7,372) 11,249 Valuation allowance deferred tax assets Year ended December 31: 2021 $ 10,270 $ 949 $ (560) $ 10,659 2020 9,102 391 777 10,270 2019 8,389 859 (146) 9,102 __________________________ (a) Amounts sold, written off, or recovered, and the effect of changes in currency translation rates, are included in Column D. 2020 includes $1.8 million transition adjustment related to the adoption of ASC 326. (b) Beginning in 2020, Allowance for doubtful accounts includes valuation accounts established for contract assets and noncurrent receivables as a result of the adoption of ASC 326. See Notes 11 and 12 for details.

Accounting Policies (Policies)

Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Basis of Consolidation	Basis of Consolidation The consolidated financial statements include the accounts of Albany International Corp. and its subsidiaries (the Company, Albany, we, us, or our) after elimination of intercompany transactions. We have a 50 percent interest in an entity in Russia. The consolidated financial statements include our original investment in the entity, plus our share of undistributed earnings or losses, in the account “Other Assets.” The Company owns 90 percent of the common equity of Albany Safran Composites, LLC (ASC) which is reported within the Albany Engineered Composites (AEC) segment. Additional information regarding that entity is included in Note 10.
Estimates	Estimates The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates are used in the accounting for, among others, revenue recognition, contract profitability, allowances for doubtful accounts, rebates and sales allowances, inventory allowances, pension and other postretirement benefits, goodwill and intangible assets, contingencies, income taxes, and other accruals. Our estimates are based on historical experience and on various other assumptions, which are believed to be reasonable under the circumstances. Due to the inherent uncertainty involved in making estimates, actual results reported in future periods may differ from those estimates. Estimates and assumptions are reviewed periodically, and the effects of any revisions are reflected in the consolidated financial statements in the period they are determined to be necessary.
Revenue Recognition	Revenue Recognition In our Machine Clothing (MC) business segment, we recognize revenue when we satisfy our performance obligations related to the manufacture and delivery of products. In our Albany Engineered Composites (AEC) business segment, revenue from most long-term contracts is recognized over time using an input method as the measure of progress. The classification of revenue in excess of progress billings on long-term contracts is included in Contract assets, net, which are rights to consideration that are conditional on something other than the passage of time, such as completion of remaining performance obligations. We are required to limit our estimate of contract values to the period of the legally enforceable contract. While certain contracts are expected to be profitable over the course of the program life when including expected renewals, our estimate of contract revenues and costs is limited to the estimated value of enforceable rights and obligations, excluding anticipated renewals. This contract period may result in a loss contract provision at contract inception. Expected losses on projects include losses on contract options that are probable of exercise, excluding profitable options that often follow. For contracts with anticipated losses, a provision for the entire amount of the estimated remaining loss is charged against income in the period in which the loss becomes known. Contract losses are determined considering all direct and indirect contract costs, exclusive of any selling, general or administrative cost allocations, which are treated as period expenses. Products and services provided under long-term contracts represent a significant portion of sales in the Albany Engineered Composites segment. We have a contract with a major customer for which revenue is recognized under a cost-plus-fee agreement. We also have fixed price long-term contracts, for which we use the percentage of completion (actual cost to estimated cost) method. That method requires significant judgment and estimation, which could be considerably different if the underlying circumstances were to change. When adjustments in estimated contract revenues or costs are required, any changes from prior estimates are included in earnings in the period the change occurs. The sum of net adjustments to the estimated profitability of long-term contracts increased AEC operating income by $6.2 million, $9.9 million and $10.8 million in 2021, 2020 and 2019, respectively. The favorable effects in 2021, 2020 and 2019 were largely due to changes in customer demand and to a lesser extent, efficiency improvements during the ramp-up of several programs. Additional accounting policies related to revenue from contracts with customers are set forth in Note 2. We limit the concentration of credit risk in receivables by closely monitoring credit and collection policies. We record allowances for sales returns as a deduction in the computation of net sales. Such provisions are recorded on the basis of written communication with customers and/or historical experience. Any value added taxes that are imposed on sales transactions are excluded from net sales.
Cost of Goods Sold	Cost of Goods Sold Cost of goods sold includes the cost of materials, provisions for obsolete inventories, labor and supplies, shipping and handling costs, depreciation of manufacturing facilities and equipment, purchasing, receiving, warehousing, and other expenses. Cost of goods sold also includes provisions for loss contracts and charges for the write-off of inventories that result from an exit activity.
Selling, General, Administrative, Technical, and Research Expenses	Selling, General, Administrative, Technical, and Research Expenses Selling, general, administrative, and technical expenses are primarily comprised of wages, incentive compensation, benefits, travel, professional fees, revaluation of trade foreign currency balances, and other costs, and are expensed as incurred. Selling expense includes costs related to contract acquisition and provisions for expected credit losses on financial assets measured at amortized cost. Research expenses are charged to operations as incurred and consist primarily of compensation, supplies, and professional fees incurred in connection with intellectual property. Total company research expense was $29.6 million in 2021, $25.8 million in 2020, and $26.9 million in 2019. The Albany Engineered Composites segment participates in both company-sponsored, and customer-funded research and development. Some customer-funded research and development may be on a cost-sharing basis and considered to be a collaborative arrangement, in which case both parties are active participants and are exposed to the risks and rewards dependent on the success of the activity. In such cases, amounts charged to the collaborating entity are credited against research and development expense. For customer-funded research and development in which we anticipate funding to exceed expenses, we include amounts charged to the customer in Net sales, while expenses are included in Cost of goods sold.
Restructuring Expense	Restructuring Expense We may incur expenses related to exiting a line of business or restructuring of our operations, which could include employee termination costs, costs to consolidate or close facilities, or costs to terminate contractual relationships. Restructuring expenses may also include impairment of Property, plant and equipment, as described below under “Property, Plant and Equipment”. Employee termination costs include severance pay and social costs for periods after employee service is completed. Termination costs related to an ongoing benefit arrangement are recognized when the amount becomes probable and estimable. Termination costs related to a one-time benefit arrangement are recognized at the communication date to employees. Costs related to contract termination, relocation of employees, outplacement and the consolidation or the closure of facilities, are recognized when incurred.
Income Taxes	Income Taxes Deferred income taxes are recognized for the tax consequences of temporary differences and tax attributes by applying enacted statutory tax rates applicable for future years to differences between existing assets and liabilities for financial reporting and income tax return purposes. The effect of tax rate changes on deferred taxes is recognized in the income tax provision in the period that includes the enactment date. A valuation allowance is established, as needed, to reduce net deferred tax assets to the amount expected to be realized. In the event it becomes more likely than not that some or all of the deferred tax asset valuation allowances will not be needed, the valuation allowance will be adjusted.
Earnings Per Share	Earnings Per Share Basic net income or loss per share is computed using the weighted average number of shares of Class A Common Stock and Class B Common Stock outstanding during each year. Diluted net income per share includes the effect of all potentially dilutive securities. If we report a net loss from continuing operations, the diluted loss per share is equal to the basic earnings per share calculation.
Translation of Financial Statements	Translation of Financial Statements Assets and liabilities of non-U.S. operations are translated at year-end rates of exchange, and the income statement accounts are translated at average monthly exchange rates. Gains or losses resulting from translating non-U.S. currency financial statements into U.S. dollars are recorded in other comprehensive income and accumulated in Shareholders’ equity in the caption “Translation adjustments”.
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 Accounts receivable includes trade receivables and bank promissory notes. In connection with certain sales in Asia Pacific, the Company accepts a bank promissory note as customer payment. The notes may be presented for payment at maturity, which is less than one year. Effective January 1, 2020, the Company adopted the provisions of ASC 326, Current Expected Credit Losses (CECL), using the effective date (or modified retrospective) approach for transition. Under this transition method, periods prior to 2020 were not restated. The pre-tax cumulative effect of initially applying the new standard was an increase in credit loss reserves of $1.8 million, primarily for Accounts receivable and Contract assets. Including tax effects, Retained earnings was reduced by $1.4 million as a result of transitioning to the CECL standard. The overarching purpose of the CECL standard is to provide greater transparency and understanding of the Company’s credit risk. This accounting update replaces the incurred loss impairment methodology under previous GAAP with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. Under this standard, the Company recognizes an allowance for expected credit losses on financial assets measured at amortized cost, such as Accounts receivable, Contract assets and Noncurrent receivables. The allowance is determined using a CECL model that is based on an historical average three-year loss rate and is measured by financial asset type on a collective (pool) basis when similar risk characteristics exist, at an amount equal to lifetime expected credit losses. The estimate reflects the risk of loss due to credit default, even when the risk is remote, and considers available relevant information about the collectability of cash flows, including information about past events, current conditions, and reasonable and supportable expected future economic conditions. The Company also has Noncurrent receivables in the AEC segment that represent revenue earned which have extended payment terms. The Noncurrent receivables will be invoiced to the customer, with 2% interest, over a 10-year period that started in 2020. See additional information, including accounting policies related to our adoption of the CECL update, set forth in Notes 2 and 11.
Contract Assets and Contract Liabilities	Contract Assets and Contract Liabilities Contract assets includes unbilled amounts typically resulting from sales under contracts when the cost-to-cost method of revenue recognition is utilized, and revenue recognized exceeds the amount billed to the customer. Contract assets are transferred to Accounts receivable, net, when the entitlement to payment becomes unconditional. Contract liabilities include advance payments and billings in excess of revenue recognized. Contract liabilities are included in Accrued liabilities in the Consolidated Balance Sheet.
Inventories	Inventories Costs included in inventories are raw materials, labor, supplies and allocable depreciation and overhead. Raw materials inventory is valued on an average cost basis. Other inventory cost elements are valued at cost, using the first-in, first-out method. The Company writes down the inventories for estimated obsolescence, and to lower of cost or net realizable value based upon assumptions about future demand and market conditions. Write-downs of inventories are charged to Cost of goods sold. If actual demand or market conditions are less favorable than those projected by the Company, additional inventory write-downs may be required. Once established, the original cost of the inventory less the related write-down represents the new cost basis of such inventories. See additional information set forth in Notes 2 and 13.
Leases	Leases Effective January 1, 2019, we adopted the provisions of ASC 842, Leases, using the effective date (or modified retrospective) approach for transition. Under this transition method, periods prior to 2019 have not been restated, and the cumulative effect of initially applying the new standard was recorded as an adjustment to Retained earnings at January 1, 2019. The new standard is intended to increase transparency and comparability among organizations by requiring the recognition of right of use (“ROU”) assets and lease liabilities on the balance sheet. Most prominent among the changes under the new standard is the recognition of ROU assets and lease liabilities by lessees for those leases classified as operating leases. Under the new standard, disclosures are required to meet the objective of enabling users of financial statements to assess the amount, timing, and uncertainty of cash flows arising from leases. We applied the new accounting standard to leases existing at the date of initial application of January 1, 2019. We elected the available package of practical expedients, which permitted us to not reassess under the new standard our prior conclusions about lease identification, lease classification and initial direct costs. We implemented processes and internal controls to enable the preparation of financial information related to this standard. The most significant impacts resulting from the adoption of the new standard were the recognition of ROU assets and lease liabilities for operating leases on our balance sheet for our real estate and automobile operating leases, as well as to the derecognition and reassessment of assets and liabilities related to our primary manufacturing facility in Salt Lake City, Utah (SLC lease) which, previously, had been accounted for as a build-to-suit lease with a failed sale-leaseback. For that lease, transitional guidance required the derecognition of existing assets and liabilities and a reassessment of lease classification. We determined that the lease met the criteria for recording as a finance lease and we determined the January 1, 2019 values of the ROU asset and lease liability on the basis of that reassessment. The change in the SLC lease-related assets and liabilities resulted in a $0.3 million pre-tax reduction to Retained earnings at the date of adoption. We have certain lease agreements with lease and non-lease components. For most of these leases, we account for the lease and non-lease components as a single lease component, in accordance with the practical expedient that is available for ongoing accounting. Additionally, for certain other leases, such as for vehicles, we apply a portfolio approach. Such new leases are classified as financing or operating, with classification affecting the pattern and classification of expense recognition in the income statement. Expenses related to operating leases are recognized on a straight-line basis, while those determined to be financing leases are recognized following a front-loaded expense profile, in which interest and amortization are presented separately in the income statement. Operating lease ROU assets are included in Other assets in the Consolidated Balance Sheets, while finance lease ROU assets are included in Property, plant, and equipment, net. Lease liabilities for both operating and finance leases are included in Accrued liabilities and Other noncurrent liabilities in the Consolidated Balance Sheets. See additional information set forth in Note 20.
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment are recorded at cost, or if acquired as part of a business combination, at fair value. Depreciation is recorded using the straight-line method over the estimated useful lives of the assets for financial reporting purposes. In some cases, accelerated methods are used for income tax purposes. Significant additions or improvements extending assets’ useful lives are capitalized; normal maintenance and repair costs are expensed as incurred. The cost of fully depreciated assets remaining in use is included in the respective asset and accumulated depreciation accounts. When items are sold or retired, related gains or losses are included in net income. Computer software purchased for internal use, at cost, is amortized on a straight-line basis over five We review the carrying value of property, plant and equipment and other long-lived assets for impairment whenever events and circumstances indicate that the carrying value of an asset group may not be recoverable from the estimated future cash flows expected to result from its use and eventual disposition. See additional information set forth in Note 14.
Goodwill, Intangibles, and Other Assets	Goodwill, Intangibles, and Other Assets The assets and liabilities of acquired businesses are recorded under the acquisition method of accounting at their estimated fair values at the date of acquisition.Goodwill represents the excess of the purchase price over the fair value of the net tangible and identifiable intangible assets acquired in each business combination. Intangible assets from acquired businesses are recognized at fair value on the acquisition date and consist of customer relationships, customer contracts, technology, intellectual property and other intangible assets. Goodwill and intangible assets with indefinite useful lives are not amortized, but are tested for impairment at least annually. We perform an impairment test of our goodwill at least annually in the second quarter or more frequently whenever events or changes in circumstances indicate the carrying value of goodwill may be impaired. Such events or changes in circumstances may include a significant deterioration in overall economic conditions, changes in the business climate of our industry, a decline in our market capitalization, operating performance indicators, competition, reorganizations of our business, or the disposal of all or a portion of a reporting unit. Our goodwill has been allocated to and is tested for impairment at a level referred to as the reporting unit, which is our business segment level or a level below the business segment. The level at which we test goodwill for impairment requires us to determine whether the operations below the business segment constitute a self-sustaining business for which discrete financial information is available and segment management regularly reviews the operating results. We may use qualitative or quantitative approaches when testing goodwill for impairment. When we use the qualitative approach, we perform a qualitative evaluation of events and circumstances impacting the reporting unit to determine the likelihood of goodwill impairment. Based on that qualitative evaluation, if we determine it is more likely than not that the fair value of a reporting unit exceeds its carrying amount, no further evaluation is necessary. Otherwise, we perform a quantitative impairment test. To perform the quantitative impairment test, we compare the fair value of a reporting unit to its carrying value, including goodwill. If the fair value of a reporting unit exceeds its carrying value, goodwill of the reporting unit is not impaired. If the carrying value of the reporting unit, including goodwill, exceeds its fair value, a goodwill impairment loss is recognized in an amount equal to that excess. 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. 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. 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 2021, management applied the qualitative assessment approach in performing its annual evaluation of goodwill for the Company's Machine Clothing reporting unit and three AEC reporting units and concluded that each reporting unit’s fair value continued to exceed its carrying value. In addition, there were no amounts at risk due to the estimated excess between the fair and carrying values. Accordingly, no impairment charges were recorded. Impairment assessments inherently involve management judgments regarding a number of assumptions such as those described above. Due to the many variables inherent in the estimation of a reporting unit’s fair value and the relative size of our recorded goodwill, differences in assumptions could have a material effect on the estimated fair value of one or more of our reporting units and could result in a goodwill impairment charge in a future period. See additional information set forth in Note 18. We have an investment in a company in Russia that is accounted for under the equity method of accounting and is included in Other assets. We perform regular reviews of the financial condition of the investee to determine if our investment is other than temporarily impaired. If the financial condition of the investee were to no longer support their valuation, we would record an impairment provision. For some AEC contracts, we perform pre-production or nonrecurring engineering services. These costs are normally considered a fulfillment activity, rather than a performance obligation. Fulfillment activities that create resources that will be used in satisfying performance obligations in the future, and are expected to be recovered, are capitalized to Other assets, which is classified as a noncurrent asset in the Consolidated Balance Sheets. The capitalized costs are amortized into Cost of goods sold over the period over which the asset is expected to contribute to future cash flows, which includes anticipated renewal periods. Included in Other assets is $32.5 million in 2021 and $31.1 million in 2020 for defined benefit pension plans where plan assets exceed the projected benefit obligations. Other assets also includes financial assets of $0.7 million in 2021 and $0.7 million in 2020. See additional information set forth in Note 18.
Stock-Based Compensation	Stock-Based Compensation We have incentive compensation plans that authorize the issuance of stock-based awards for key employees, which are designed to reward short and long-term contributions and provide incentives for recipients to remain with the Company. We issue stock-based awards in the form of restricted stock units and performance stock units that generally vest between one and five years from the grant date and can be settled in cash or shares. Expenses associated with these awards are recognized over each respective vesting period. Liability based awards are settled in cash, while equity based awards are settled in stock. See additional information for stock-based compensation plans in Note 22.
Derivatives	Derivatives We use derivatives from time to time to reduce potentially large adverse effects from changes in currency exchange rates and interest rates. We monitor our exposure to these risks and evaluate, on an ongoing basis, the risk of potentially large adverse effects versus the costs associated with hedging such risks. We may use interest rate swaps in the management of interest rate exposures and foreign currency derivatives in the management of foreign currency exposure related to assets and liabilities (including net investments in subsidiaries located outside the U.S.) denominated in foreign currencies. When we enter into a derivative contract, we make a determination whether the transaction is deemed to be a hedge for accounting purposes. For those contracts deemed to be a hedge, we formally document the relationship between the derivative instrument and the risk being hedged. In this documentation, we specifically identify the asset, liability, forecasted transaction, cash flow, or net investment that has been designated as the hedged item, and evaluate whether the derivative instrument is expected to reduce the risks associated with the hedged item. To the extent these criteria are not met, we do not use hedge accounting for the derivative. All derivative contracts are recorded at fair value, as a net asset or a net liability. Changes in the fair value of the hedge are recorded, net of tax, in other comprehensive income. For transactions that are designated as hedges, we perform an evaluation of the effectiveness of the hedge. We measure the effectiveness of hedging relationships both at inception and on an ongoing basis. The related gains and losses of derivative instruments, including those designated in hedge accounting relationships, are included as operating activities in the consolidated statements of cash flows. For derivatives that are designated and qualify as hedges of net investments in subsidiaries located outside the United States, changes in the fair value of derivatives are reported in other comprehensive income as part of Translation adjustments.
Pension and Postretirement Benefit Plans	Pension and Postretirement Benefit Plans As described in Note 4, we have pension and postretirement benefit plans covering substantially all employees. Our defined benefit pension plan in the United States was closed to new participants as of October 1998 and, as of February 2009, benefits accrued under this plan were frozen. We have liabilities for postretirement benefits in the U.S. and Canada. Substantially all of the liability relates to the U.S. plan. Effective January 2005, our postretirement benefit plan in the U.S. was closed to new participants, except for certain life insurance benefits. In September 2008, we changed the cost sharing arrangement under this program such that increases in health care costs are the responsibility of plan participants and, in August 2013, we reduced the life insurance benefit for retirees and eliminated that benefit for active employees. The pension plans are generally trusteed or insured, and accrued amounts are funded as required in accordance with governing laws and regulations. The annual expense and liabilities recognized for defined benefit pension plans and postretirement benefit plans are developed from actuarial valuations. Inherent in these valuations are key assumptions, including discount rates and expected return on plan assets, which are updated on an annual basis. We consider current market conditions, including changes in interest rates, in making these assumptions. Discount rate assumptions are based on the population of plan participants and a mixture of high-quality fixed-income investments with durations that match expected future payments. The assumption for expected return on plan assets is based on historical and expected returns on various categories of plan assets.
Government Grants	Government Grants The Company recognizes government grants only when there is reasonable assurance that we will comply with the conditions attached to them and the grants will be received. Government grants are recognized in the Consolidated Statements of Income on a systematic basis over the periods in which we recognize as expenses the related costs for which the grants are intended to compensate. A government grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support with no future related costs is recognized in the Consolidated Statements of Income of the period in which it becomes receivable. During the third quarter of 2021, the Company was awarded an Aviation Manufacturing Jobs Protection Program ("AMJP") grant of $5.8 million, under the American Rescue Plan of the U.S. Department of Transportation. The AMJP grant is an income related grant, the purpose of which is to provide payroll assistance to eligible U.S. aircraft manufacturing/repair businesses who were impacted due to the COVID-19 downturn during 2020. The Company received $2.9 million in cash during the third quarter of 2021, and anticipates receiving the remaining balance in 2022. Accordingly, the Company recognized $5.8 million in its Consolidated Statements of Income for the year ended December 31, 2021, and reflected cash received to date as an operating activity within the Consolidated Statements of Cash Flows.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In November 2021, an accounting update was issued which requires new annual disclosures for entities receiving government assistance. The standard is effective for annual periods in fiscal years beginning after December 15, 2021. We do not expect it will have a material effect on our financial statements.
Subsequent Events	Subsequent Events We review for subsequent events up through the date when our consolidated financial statements are available for issuance.

Accounting Policies (Tables)

Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2021
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) 2021 2020 2019 (Gains)/losses included in: Selling, general, and administrative expenses $ (263) $ 1,875 $ 1,281 Other (income)/expense, net (1,179) 13,569 (4,471) Total transaction (gains)/losses $ (1,442) $ 15,444 $ (3,190)
Schedule of Intercompany Foreign Currency Balances	The following table presents foreign currency gains on long-term intercompany loans that were recognized in Other comprehensive income: (in thousands) 2021 2020 2019 Loss/(gain), before tax, on long-term intercompany loan $ (66) $ (4,985) $ —

Revenue Recognition (Tables)

Revenue Recognition (Tables)	12 Months Ended
	Dec. 31, 2021
Revenue Recognition [Abstract]
Schedule of Summary of Composition of Each Business Segment	The following table provides a summary of the composition of each business segment: Segment Product Group 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 World-wide Albany Engineered Composites (AEC) Albany Safran Composites (ASC) Airframe and engine Components (Other AEC) 3D-woven, injected composite components for aircraft engines Rochester, NH Commercy, France Queretaro, Mexico
Schedule of Disaggregate Revenue for Each Business Segment	The following table presents disaggregated revenue for each product group by timing of revenue recognition: For the year ended December 31, 2021 (in thousands) Point in Time Revenue Recognition Over Time Revenue Recognition Total Machine Clothing $ 615,556 $ 3,459 $ 619,015 Albany Engineered Composites ASC — 109,803 109,803 Other AEC 15,972 184,450 200,422 Total Albany Engineered Composites 15,972 294,253 310,225 Total revenue $ 631,528 $ 297,712 $ 929,240 For the year ended December 31, 2020 (in thousands) Point in Time Revenue Recognition Over Time Revenue Recognition Total Machine Clothing $ 569,563 $ 3,392 $ 572,955 Albany Engineered Composites ASC — 98,411 98,411 Other AEC 18,343 210,901 229,244 Total Albany Engineered Composites 18,343 309,312 327,655 Total revenue $ 587,906 $ 312,704 $ 900,610 For the year ended December 31, 2019 (in thousands) Point in Time Revenue Recognition Over Time Revenue Recognition Total Machine Clothing $ 598,054 $ 3,200 $ 601,254 Albany Engineered Composites ASC — 220,188 220,188 Other AEC 28,584 204,106 232,690 Total Albany Engineered Composites 28,584 424,294 452,878 Total revenue $ 626,638 $ 427,494 $ 1,054,132
Schedule of Disaggregate MC Segment Revenue by Significant Product or Service	The following table disaggregates MC segment revenue by significant product groupings (paper machine clothing (PMC) and engineered fabrics), and, for PMC, the geographical region to which the paper machine clothing was sold: For the year ended December 31, (in thousands) 2021 2020 2019 Americas PMC $ 317,907 $ 297,490 $ 316,355 Eurasia PMC 219,506 202,181 210,961 Engineered Fabrics 81,602 73,284 73,938 Total Machine Clothing Net sales $ 619,015 $ 572,955 $ 601,254

Reportable Segments and Geogr_2

Reportable Segments and Geographic Data (Tables)	12 Months Ended
	Dec. 31, 2021
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) 2021 2020 2019 Net Sales Machine Clothing $ 619,015 $ 572,955 $ 601,254 Albany Engineered Composites 310,225 327,655 452,878 Consolidated total $ 929,240 $ 900,610 $ 1,054,132 Depreciation and amortization Machine Clothing 20,191 20,304 21,875 Albany Engineered Composites 50,402 48,496 44,670 Corporate expenses 3,662 3,905 4,250 Consolidated total $ 74,255 $ 72,705 $ 70,795 Operating income/(loss) Machine Clothing 215,654 190,805 191,965 Albany Engineered Composites 16,160 31,536 55,520 Corporate expenses (53,803) (56,261) (53,909) Operating income $ 178,011 $ 166,080 $ 193,576 Reconciling items: Interest income (2,500) (2,748) (2,729) Interest expense 17,391 16,332 19,650 AMJP grant (5,832) — — Other expense, net 3,021 13,422 (1,557) Income before income taxes $ 165,931 $ 139,074 $ 178,212
Schedule of Restructuring Costs by Reporting Segment	The table below presents restructuring costs by reportable segment (also see Note 5): (in thousands) 2021 2020 2019 Restructuring expenses, net Machine Clothing $ 1,202 $ 2,746 $ 1,129 Albany Engineered Composites 32 2,821 1,833 Corporate expenses 97 169 (57) Consolidated total $ 1,331 $ 5,736 $ 2,905
Schedule of Operating Assets and Capital Expenditures by Reporting Segment	The following table presents assets and capital expenditures by reportable segment: (in thousands) 2021 2020 2019 Segment assets Machine Clothing $ 459,182 $ 443,476 $ 441,072 Albany Engineered Composites 652,702 713,955 693,799 Reconciling items: Cash 302,036 241,316 195,540 Income taxes prepaid, receivable and deferred 28,334 44,697 57,783 Prepaid and Other assets 113,810 106,492 86,174 Consolidated total assets $ 1,556,064 $ 1,549,936 $ 1,474,368 Capital expenditures and purchased software Machine Clothing $ 20,177 $ 15,792 $ 16,707 Albany Engineered Composites 31,012 23,718 48,753 Corporate 2,510 2,880 2,495 Consolidated total $ 53,699 $ 42,390 $ 67,955
Schedule of Financial Data by Geographic Area	The following table shows data by geographic area. Net sales are based on the location of the operation recording the final sale to the customer. Net sales recorded by our entity in Switzerland are derived from products sold throughout Europe and Asia, and are invoiced in various currencies. (in thousands) 2021 2020 2019 Net sales United States $ 497,231 $ 503,473 $ 574,063 Switzerland 128,698 128,328 146,571 France 68,929 55,914 91,783 China 67,098 57,007 48,586 Brazil 62,925 60,259 64,666 Mexico 37,547 39,859 73,039 Other countries 66,812 55,770 55,424 Consolidated total $ 929,240 $ 900,610 $ 1,054,132 Property, plant and equipment, at cost, net United States $ 258,453 $ 263,201 $ 275,965 China 41,039 40,898 41,799 Mexico 40,699 41,738 45,640 France 33,802 41,107 43,986 Canada 14,139 9,672 9,509 Sweden 12,355 12,109 8,652 United Kingdom 10,156 10,731 11,047 Germany 9,652 10,808 10,577 Other countries 16,122 18,290 19,287 Consolidated total $ 436,417 $ 448,554 $ 466,462

Pensions and Other Postretire_2

Pensions and Other Postretirement Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2021
Retirement Benefits [Abstract]
Schedule of Plan Benefit Obligations	The following table sets forth the plan benefit obligations: As of December 31, 2021 As of December 31, 2020 (in thousands) Pension plans Other postretirement benefits Pension plans Other postretirement benefits Benefit obligation, beginning of year $ 245,800 $ 47,977 $ 227,211 $ 54,384 Service cost 2,192 132 2,279 200 Interest cost 5,467 1,103 6,172 1,712 Plan participants' contributions 175 — 198 — Actuarial (gain)/loss (7,163) (995) 13,309 (4,794) Benefits paid (9,399) (3,338) (8,123) (3,555) Settlements and curtailments (3,694) — (474) — Plan amendments and other (122) — (204) — Foreign currency changes (2,466) 5 5,432 30 Benefit obligation, end of year $ 230,790 $ 44,884 $ 245,800 $ 47,977 Accumulated benefit obligation $ 223,320 $ — $ 236,321 $ — Weighted average assumptions used to determine benefit obligations, end of year: Discount rate — U.S. plan 2.63 % 2.83 % 2.65 % 2.38 % Discount rate — non-U.S. plans 2.41 % 3.05 % 1.91 % 2.75 % Cash balance interest crediting rate - Switzerland pension plan 0.25 % — 0.05 % — Compensation increase — U.S. plan — — — — Compensation increase — non-U.S. plans 2.70 % 2.75 % 2.71 % 2.75 %
Schedule of Plan Assets	The following sets forth information about plan assets: As of December 31, 2021 As of December 31, 2020 (in thousands) Pension plans Other postretirement benefits Pension plans Other postretirement benefits Fair value of plan assets, beginning of year $ 239,051 $ — $ 211,755 $ — Actual return on plan assets, net of expenses (2,648) — 28,477 — Employer contributions 2,431 3,338 3,219 3,555 Plan participants' contributions 175 — 198 — Benefits paid (9,399) (3,338) (8,123) (3,555) Settlements (3,694) — (737) — Foreign currency changes (589) — 4,262 — Fair value of plan assets, end of year $ 225,327 $ — $ 239,051 $ —
Schedule of Funded Status of Plans	The funded status of the plans was as follows: As of December 31, 2021 As of December 31, 2020 (in thousands) Pension plans Other postretirement benefits Pension plans Other postretirement benefits Fair value of plan assets $ 225,327 $ — $ 239,051 $ — Benefit obligation 230,790 44,884 245,800 47,977 Funded status $ (5,463) $ (44,884) $ (6,749) $ (47,977) Accrued benefit cost, end of year $ (5,463) $ (44,884) $ (6,749) $ (47,977) Amounts recognized in the consolidated balance sheet consist of the following: Noncurrent asset $ 32,504 $ — $ 31,139 $ — Current liability (7,116) (3,627) (2,281) (3,660) Noncurrent liability (30,851) (41,257) (35,607) (44,317) Net amount recognized $ (5,463) $ (44,884) $ (6,749) $ (47,977) Amounts recognized in accumulated other comprehensive income consist of: Net actuarial loss $ 52,138 $ 17,483 $ 53,065 $ 20,736 Prior service cost/(credit) 256 (8,458) 393 (12,946) Net amount recognized $ 52,394 $ 9,025 $ 53,458 $ 7,790
Schedule of Composition of Accrued Pension Cost	The composition of the net pension plan funded status as of December 31, 2021 was as follows: (in thousands) U.S. plan Non-U.S. plans Total Pension plans with pension assets $ — $ 32,504 $ 32,504 Pension plans without pension assets (10,404) (27,563) (37,967) Total $ (10,404) $ 4,941 $ (5,463)
Schedule of Net Periodic Benefit Plan Cost	The composition of the net periodic benefit plan cost for the years ended December 31, 2021, 2020, and 2019, was as follows: Pension plans Other postretirement benefits (in thousands) 2021 2020 2019 2021 2020 2019 Components of net periodic benefit cost: Service cost $ 2,192 $ 2,279 $ 2,543 $ 132 $ 200 $ 189 Interest cost 5,467 6,172 7,216 1,103 1,712 2,114 Expected return on assets (6,564) (6,853) (8,285) — — — Amortization of prior service cost/(credit) 13 14 68 (4,488) (4,488) (4,488) Amortization of net actuarial loss 2,365 2,412 2,253 2,260 2,592 2,227 Settlement — 148 (16) — — — Curtailment (gain)/loss — 263 466 — — — Net periodic benefit cost $ 3,473 $ 4,435 $ 4,245 $ (993) $ 16 $ 42 Weighted average assumptions used to determine net cost: Discount rate — U.S. plan 2.65 % 3.40 % 4.41 % 2.38 % 3.27 % 4.31 % Discount rate — non-U.S. plans 1.91 % 2.31 % 2.98 % 2.75 % 3.05 % 3.65 % Cash balance interest crediting rate - Switzerland pension plan 0.05 % 0.25 % 0.85 % — — — Expected return on plan assets — U.S. plan 2.74 % 3.54 % 4.57 % — — — Expected return on plan assets — non-U.S. plans 2.89 % 3.45 % 4.45 % — — — Rate of compensation increase — U.S. plan — — — — — 3.00 % Rate of compensation increase — non-U.S. plans 2.71 % 2.81 % 3.02 % 2.75 % 3.00 % 3.00 %
Schedule of (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, 2021, 2020, and 2019, was as follows: Pension plans Other postretirement benefits (in thousands) 2021 2020 2019 2021 2020 2019 Settlements/curtailments $ — $ (411) $ (450) $ — $ — $ — Asset/liability loss/(gain) 1,927 (8,053) (2,794) (995) (4,794) 4,685 Amortization of actuarial (loss) (2,365) (2,412) (2,253) (2,260) (2,592) (2,227) Amortization of prior service cost/(credit) (13) (14) (68) 4,488 4,488 4,488 Other — (204) — — — — Currency impact (612) 670 316 2 3 — Cost/(benefit) in Other comprehensive income $ (1,063) $ (10,424) $ (5,249) $ 1,235 $ (2,895) $ 6,946
Schedule of Fair Value of Plan Assets	As of December 31, 2021 and 2020, there were no investments expected to be sold at a value materially different than NAV. Assets at Fair Value as of December 31, 2021 (in thousands) Quoted prices in active markets Level 1 Significant other observable inputs Level 2 Significant Total Common Stocks and equity funds $ — $ — $ — $ — Debt securities — 98,252 — 98,252 Insurance contracts — — 3,861 3,861 Cash and short-term investments 724 — — 724 Total investments in the fair value hierarchy $ 724 $ 98,252 $ 3,861 102,837 Investments at net asset value: Common Stocks and equity funds 18,963 Fixed income funds 101,845 Limited partnerships 1,684 Total plan assets $ 225,329 Assets at Fair Value as of December 31, 2020 (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 $ — $ — $ — $ — Debt securities — 104,642 — 104,642 Insurance contracts — — 3,819 3,819 Cash and short-term investments 1,095 — — 1,095 Total investments in the fair value hierarchy $ 1,095 $ 104,642 $ 3,819 109,556 Investments at net asset value: Common Stocks and equity funds 20,213 Fixed income funds 107,012 Limited partnerships 2,270 Total plan assets $ 239,051
Reconciliation of Level 3 Assets	The following tables present a reconciliation of Level 3 assets held during the years ended December 31, 2021 and 2020: (in thousands) December 31, 2020 Net realized gains Net unrealized gains Net purchases, issuances Net transfers (out of) Level 3 December 31, 2021 Insurance contracts - total level 3 assets $ 3,819 $ — $ 24 $ 18 $ — $ 3,861 (in thousands) December 31, 2019 Net realized gains Net unrealized gains Net purchases, issuances and settlements Net transfers (out of) Level 3 December 31, 2020 Insurance contracts - total level 3 assets $ 3,244 $ — $ 22 $ 553 $ — $ 3,819
Schedule of Asset Allocation	The asset allocation for the Company’s U.S. and non-U.S. pension plans for 2021 and 2020, 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 2021 2020 2021 2020 Equity securities — % — % — % 13 % 13 % 13 % Debt securities 100 % 98 % 98 % 82 % 80 % 81 % Real estate — % 2 % 2 % 1 % 1 % 1 % Other (1) — % — % — % 4 % 6 % 5 % 100 % 100 % 100 % 100 % 100 % 100 % (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.
Schedule of Pension Plans with Projected Benefit Obligation and Accumulated Benefit Obligation in Excess of Plan Assets	At the end of 2021 and 2020, the projected benefit obligation, accumulated benefit obligation, and fair value of plan assets for pension plans with projected benefit obligation and an accumulated benefit obligation in excess of plan assets were as follows: Plans with projected benefit obligation in excess of plan assets (in thousands) 2021 2020 Projected benefit obligation $ 142,007 $ 42,703 Fair value of plan assets 104,041 4,815 Plans with accumulated benefit obligation in excess of plan assets (in thousands) 2021 2020 Accumulated benefit obligation $ 139,600 $ 40,133 Fair value of plan assets 104,041 4,815
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 $ 7,422 $ 3,626 Expected benefit payments 2022 111,226 3,626 2023 4,948 3,509 2024 5,246 3,366 2025 5,708 3,192 2026 5,996 3,084 2027-2031 31,480 13,798

Restructuring (Tables)

Restructuring (Tables)	12 Months Ended
	Dec. 31, 2021
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, 2021 (In thousands) Total restructuring costs incurred Termination and other costs Impairment of assets Machine Clothing $ 1,202 $ 1,202 $ — Albany Engineered Composites 32 32 — Corporate expenses 97 97 — Total $ 1,331 $ 1,331 $ — Year ended December 31, 2020 (In thousands) Total restructuring costs incurred Termination and other costs Impairment of assets Machine Clothing $ 2,746 $ 2,746 $ — Albany Engineered Composites 2,821 2,821 — Corporate expenses 169 169 — Total $ 5,736 $ 5,736 $ — Year ended December 31, 2019 (In thousands) Total restructuring costs incurred Termination and other costs Impairment of assets Machine Clothing $ 1,129 $ 667 $ 462 Albany Engineered Composites 1,833 659 1,174 Corporate expenses (57) (57) — Total $ 2,905 $ 1,269 $ 1,636
Schedule of Restructuring Liability	The table below presents the changes in restructuring liabilities for 2021 and 2020, all of which related to termination costs: (in thousands) December 31, 2020 Restructuring charges accrued Payments Currency translation/other December 31, 2021 Total termination and other costs $ 2,195 $ 1,331 $ (2,469) $ (12) $ 1,045 (in thousands) December 31, Restructuring charges accrued Payments Currency translation/other December 31, 2020 Total termination and other costs $ 2,042 $ 5,736 $ (5,668) $ 85 $ 2,195

Other expense_(income), net (Ta

Other expense/(income), net (Tables)	12 Months Ended
	Dec. 31, 2021
Other Income and Expenses [Abstract]
Schedule of Other (Income)/ Expense	The components of Other expense/(income), net, are: (in thousands) 2021 2020 2019 Currency transactions $ (1,179) $ 13,569 $ (4,471) Bank fees and other costs 373 367 348 Pension settlements and curtailments — 411 450 Components of net periodic pension and postretirement cost other than service 156 1,561 1,105 Other 3,671 (2,486) 1,011 Total $ 3,021 $ 13,422 $ (1,557)

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	Provision for income taxes consisted of the following: For the year ended December 31 (in thousands) 2021 2020 2019 Income before income taxes: U.S. $ 63,708 $ 63,375 $ 76,024 Non-U.S. 102,223 75,699 102,188 $ 165,931 $ 139,074 $ 178,212 Income tax expense/(benefit) Current: Federal $ 3,348 $ 1,415 $ 780 State 2,663 2,028 6,357 Non-U.S. 29,319 26,916 25,255 $ 35,330 $ 30,359 $ 32,392 Deferred: Federal $ 9,911 $ 11,211 $ 10,583 State (24) 192 253 Non-U.S. 1,946 69 1,601 $ 11,833 $ 11,472 $ 12,437 Total income tax expense $ 47,163 $ 41,831 $ 44,829
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: For the year ended December 31 2021 2020 2019 U.S. federal statutory tax rate 21.0 % 21.0 % 21.0 % State taxes, net of federal benefit 1.8 1.8 3.0 Non-U.S. local income taxes 2.5 3.2 4.4 U.S. permanent adjustments 1.1 0.1 — Foreign rate differential 1.2 0.6 0.5 Net U.S. tax on non-U.S. earnings and foreign withholdings 2.1 1.2 0.3 Provision for/(resolution) of tax audits and contingencies, net 0.1 0.5 (1.6) Tax effect of non-deductible foreign exchange loss on intercompany loan — 2.7 — Impact of amended tax returns (1.3) — — Return to provision and other adjustments (0.1) (1.0) (2.4) Effective income tax rate 28.4 % 30.1 % 25.2 %
Schedule of Deferred Tax Assets and Liabilities	Significant components of the Company’s deferred tax assets and liabilities are as follows: For the year ended December 31 U.S. Non-U.S. (in thousands) 2021 2020 2021 2020 Deferred tax assets: Accounts receivable, net $ 428 $ 672 $ 1,378 $ 1,453 Inventories 1,450 762 1,752 1,995 Incentive compensation 4,580 4,490 1,084 1,064 Property, plant, equipment and intangibles, net — — 4,339 2,382 Pension, post retirement benefits - non-current 12,912 12,498 — 82 Tax loss carryforwards 217 517 19,821 24,509 Tax credit carryforwards 4,643 9,236 — 954 Derivatives 468 3,283 — — Reserves 991 2,704 — — Deferred revenue 239 1,471 — — Other — — 1,791 638 Deferred tax assets before valuation allowance 25,928 35,633 30,165 33,077 Less: valuation allowance (9) (9) (10,650) (10,261) Total deferred tax assets $ 25,919 $ 35,624 $ 19,515 $ 22,816 Deferred tax liabilities: Unrepatriated foreign earnings $ 6,308 $ 3,779 $ — $ — Property, plant, equipment and intangibles, net 5,356 3,122 — — Basis difference in partner capital 2,466 2,911 — — Basis difference in investment 3,985 6,881 — — Deferred revenue — — 10,829 11,989 Other 963 519 602 — Total deferred tax liabilities $ 19,078 $ 17,212 $ 11,431 $ 11,989 Net deferred tax asset $ 6,841 $ 18,412 $ 8,084 $ 10,827
Summary Of Operating And Capital Loss And Tax Credit Carryforwards	As of December 31, 2021, the Company's net operating loss, capital loss and tax credit carryforwards were as follows: (in thousands) Expiration Period Net Operating and Capital Loss Carryforwards Tax Credit Carryforwards Jurisdiction U.S. Federal 2025 - 2040 $ — $ 4,802 U.S. State 2027 - 2035 3,471 400 U.S. State Indefinite 52 — Non-U.S. 2025 - 2030 22,383 — Non-U.S. Indefinite 43,154 — Balance at end of year $ 69,060 $ 5,202
Schedule of Unrecognized Tax Benefits	The following table provides a reconciliation of the beginning and ending amount of unrecognized tax benefits. If recognized, $1.5 million would impact the effective tax rate at December 31, 2021: (in thousands) 2021 2020 2019 Unrecognized tax benefits balance at January 1, $ 5,491 $ 5,834 $ 3,790 Increase in gross amounts of tax positions related to prior years 278 540 4,874 Decrease in gross amounts of tax positions related to prior years (4,236) (637) (2,239) Increase in gross amounts of tax positions related to current years — — — Decrease due to settlements with tax authorities — — — Decrease due to lapse in statute of limitations (39) (300) (626) Currency translation (35) 54 35 Unrecognized tax benefits balance at December 31, $ 1,459 $ 5,491 $ 5,834

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	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) 2021 2020 2019 Net income attributable to the Company $ 118,478 $ 98,589 $ 132,398 Weighted average number of shares: Weighted average number of shares used in calculating basic net income per share 32,348 32,329 32,296 Effect of dilutive stock-based compensation plans: Stock options 2 7 12 Long-term incentive plan 113 20 14 Weighted average number of shares used in calculating diluted net income per share 32,463 32,356 32,322 Average market price of common stock used for calculation of dilutive shares $ 82.88 $ 58.56 $ 78.13 Net income per share: Basic $ 3.66 $ 3.05 $ 4.10 Diluted $ 3.65 $ 3.05 $ 4.10

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (AOCI) (Tables)	12 Months Ended
	Dec. 31, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The table below presents changes in the components of AOCI from January 1, 2019 to December 31, 2021: (in thousands) Translation adjustments Pension and postretirement liability adjustments Derivative valuation adjustment Total Other Comprehensive Income January 1, 2019 $ (115,976) $ (47,109) $ 4,697 $ (158,388) Other comprehensive income/(loss) before reclassifications (6,876) (525) (10,523) (17,924) Pension/postretirement settlements and curtailments, net of tax — 376 — 376 Pension/postretirement plan remeasurement, net of tax — (1,437) — (1,437) Interest expense related to swaps reclassified to the Statements of Income, net of tax — — 2,691 2,691 Pension and postretirement liability adjustments reclassified to Statements of Income, net of tax — 47 — 47 Adjustment related to prior period change in opening valuation allowance — (1,346) — (1,346) Net current period other comprehensive income (6,876) (2,885) (7,832) (17,593) December 31, 2019 $ (122,852) $ (49,994) $ (3,135) $ (175,981) Other comprehensive income/(loss) before reclassifications 39,649 (722) (9,363) 29,564 Pension/postretirement settlements and curtailments, net of tax — 283 — 283 Pension/postretirement plan remeasurement, net of tax — 10,390 — 10,390 Interest expense related to swaps reclassified to the Statements of Income, net of tax — — 2,954 2,954 Pension and postretirement liability adjustments reclassified to Statements of Income, net of tax — 382 — 382 Net current period other comprehensive income 39,649 10,333 (6,409) 43,573 December 31, 2020 $ (83,203) $ (39,661) $ (9,544) $ (132,408) Other comprehensive income/(loss) before reclassifications (22,677) 1,869 2,812 (17,996) Pension/postretirement settlements and curtailments, net of tax — — — — Pension/postretirement plan remeasurement, net of tax — (796) — (796) Interest expense related to swaps reclassified to the Statements of Income, net of tax — — 5,118 5,118 Pension and postretirement liability adjustments reclassified to Statements of Income, net of tax — 98 — 98 Net current period other comprehensive income (22,677) 1,171 7,930 (13,576) December 31, 2021 $ (105,880) $ (38,490) $ (1,614) $ (145,984)
Schedule of Items 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, 2021, 2020, and 2019. (in thousands) 2021 2020 2019 Pretax Derivative valuation reclassified from Accumulated Other Comprehensive Income: Expense related to interest rate swaps included in Income before taxes (a) $ 6,852 $ 3,982 $ (1,011) Income tax effect (1,734) (1,028) 259 Effect on net income due to items reclassified from Accumulated Other Comprehensive Income $ 5,118 $ 2,954 ($752) Pretax pension and postretirement liabilities reclassified from Accumulated Other Comprehensive Income: Pension/postretirement settlements and curtailments $ — $ 411 $ 450 Amortization of prior service credit (4,475) (4,474) (4,420) Amortization of net actuarial loss 4,625 5,004 4,480 Total pretax amount reclassified (b) 150 941 510 Income tax effect (52) (276) (87) Effect on net income due to items reclassified from Accumulated Other Comprehensive Income $ 98 $ 665 $ 423 ________________________ (a) Included in interest expense, net are payments related to the interest rate swap agreements and amortization of swap buyouts (see Notes 17 and 18). (b) These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 4).

Noncontrolling Interest (Tables

Noncontrolling Interest (Tables)	12 Months Ended
	Dec. 31, 2021
Noncontrolling Interest [Abstract]
Schedule of Income Attributable to Noncontrolling Interest and Noncontrolling Equity	The table below presents a reconciliation of income attributable to the noncontrolling interest and noncontrolling equity in the Company’s subsidiary Albany Safran Composites, LLC: (in thousands, except percentages) 2021 2020 Net income/(loss) of Albany Safran Composites (ASC) $ 4,227 $ (12,261) Less: Return attributable to the Company's preferred holding 1,325 1,202 Net income/(loss) of ASC available for common ownership $ 2,902 $ (13,463) Ownership percentage of noncontrolling shareholder 10 % 10 % Net income/(loss) attributable to noncontrolling interest $ 290 $ (1,346) Noncontrolling interest, beginning of year $ 3,799 $ 4,006 Net income/(loss) attributable to noncontrolling interest 290 (1,346) Changes in other comprehensive income attributable to noncontrolling interest (451) 1,139 Noncontrolling interest, end of year $ 3,638 $ 3,799

Accounts Receivable (Tables)

Accounts Receivable (Tables)	12 Months Ended
	Dec. 31, 2021
Receivables [Abstract]
Schedule of Accounts Receivable	As of December 31, 2021 and 2020, Accounts receivable consisted of the following: (in thousands) December 31, December 31, Trade and other accounts receivable $ 168,046 $ 167,370 Bank promissory notes 26,284 24,860 Allowance for expected credit losses (2,345) (3,807) Accounts receivable, net $ 191,985 $ 188,423
Schedule of Noncurrent Receivables	The Noncurrent receivables will be invoiced to the customer over a 10-year period, which began in 2020. As of December 31, 2021 and December 31, 2020, Noncurrent receivables were as follows: (in thousands) December 31, December 31, Noncurrent receivables $ 32,049 $ 36,539 Allowance for expected credit losses (200) (274) Noncurrent receivables, net $ 31,849 $ 36,265
Accounts Receivable, Allowance for Credit Loss	The following tables present the (increases)/decreases in the allowance for credit losses for Accounts receivable: (in thousands) December 31, (Charge)/ benefit Currency Other December 31, Specific customer reserves $ (1,742) $ (187) $ 116 $ 421 $ (1,392) Incremental expected credit losses (2,065) 1,074 38 — (953) Accounts receivable expected credit losses $ (3,807) $ 887 $ 154 $ 421 $ (2,345) (in thousands) December 31, 2019 CECL transition adjustment (Charge)/ benefit Currency translation Other December 31, 2020 Specific customer reserves $ (1,719) $ (44) $ (43) $ (42) $ 106 $ (1,742) Incremental expected credit losses $ — $ (1,139) $ (857) $ (46) $ (23) $ (2,065) Accounts receivable expected credit losses $ (1,719) $ (1,183) $ (900) $ (88) $ 83 $ (3,807) The following tables present the (increases)/decreases in the allowance for credit losses for Noncurrent receivables: (in thousands) December 31, (Charge)/ benefit Currency Other December 31, Noncurrent receivables expected credit losses $ (274) $ 72 $ 2 $ — $ (200) (in thousands) December 31, 2019 CECL transition adjustment (Charge)/ benefit Currency translation Other December 31, 2020 Noncurrent receivables expected credit losses $ — $ (206) $ (71) $ 3 $ — $ (274)

Contract Assets and Liabiliti_2

Contract Assets and Liabilities (Tables)	12 Months Ended
	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Schedule of Contract Assets and Contract Liabilities	Contract assets and Contract liabilities (included in Accrued liabilities) are reported in 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 are summarized as follows: (in thousands) December 31, December 31, Contract assets $ 113,249 $ 140,348 Allowance for expected credit losses (703) (1,059) Contract assets, net $ 112,546 $ 139,289 Contract liabilities $ 6,959 $ 8,206
Contract with Customer, Contract Asset, Contract Liability, and Receivable	The following tables present the (increases)/ decreases in the allowance for credit losses for Contract assets: (in thousands) December 31, (Charge)/ benefit Currency Other December 31, Contract assets expected credit losses $ (1,059) $ 339 $ 16 $ 1 $ (703) (in thousands) December 31, 2019 CECL transition adjustment (Charge)/ benefit Currency translation Other December 31, 2020 Contract assets expected credit losses $ — $ (403) $ (657) $ (5) $ 6 $ (1,059)

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 31, 2021
Inventory Disclosure [Abstract]
Schedule of Inventory	As of December 31, 2021 and 2020, inventories consisted of the following: (in thousands) December 31, 2021 December 31, 2020 Raw materials $ 58,689 $ 57,789 Work in process 44,839 40,416 Finished goods 14,354 12,273 Total inventories $ 117,882 $ 110,478

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	12 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	The table below sets forth the components of property, plant and equipment as of December 31, 2021 and 2020: (in thousands) 2021 2020 Estimated useful life Land and land improvements $ 14,832 $ 15,611 25 years for improvements Buildings 243,584 246,137 15 to 40 years Right of use assets 10,971 10,971 10 to 15 years Machinery and equipment 1,067,059 1,076,092 5 to 15 years Furniture and fixtures 7,857 8,638 5 years Computer and other equipment 19,135 19,294 3 to 10 years Software 63,379 62,400 5 to 8 years Capital expenditures in progress 64,238 46,228 Property, plant and equipment, gross 1,491,055 1,485,371 Accumulated depreciation and amortization (1,054,638) (1,036,817) Property, plant and equipment, net $ 436,417 $ 448,554

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Changes in Intangible Assets and Goodwill	The changes in intangible assets and goodwill from December 31, 2019 to December 31, 2021, were as follows: (in thousands, except for years) Amortization life in years Balance at December 31, 2020 Other Changes Amortization Currency Translation Balance at December 31, 2021 Finite-Lived intangible assets: AEC Trademarks and trade names 6-15 $ 57 $ — $ (12) $ — $ 45 AEC Technology 10-15 5,744 — (629) (403) 4,712 AEC Intellectual property 15 1,160 — (83) — 1,077 AEC Customer contracts 6 3,632 — (2,912) — 720 AEC Customer relationships 8-15 36,260 — (3,503) (230) 32,527 AEC Other intangibles 5 16 — (16) — — Total Finite-Lived intangible assets $ 46,869 $ — $ (7,155) $ (633) $ 39,081 Indefinite-Lived intangible assets: MC Goodwill $ 72,290 $ — $ — $ (3,961) $ 68,329 AEC Goodwill 115,263 — — (1,468) 113,795 Total Indefinite-Lived intangible assets $ 187,553 $ — $ — $ (5,429) $ 182,124 (in thousands, except for years) Amortization life in years Balance at December 31, Other Changes Amortization Currency Balance at December 31, Finite-Lived intangible assets: AEC Trademarks and trade names 6-15 $ 73 $ — $ (16) $ — $ 57 AEC Technology 10-15 5,804 — (670) 610 5,744 AEC Intellectual property 15 1,243 — (83) — 1,160 AEC Customer contracts 6 6,544 — (2,912) — 3,632 AEC Customer relationships 8-15 39,147 329 (3,513) 297 36,260 AEC Other intangibles 5 81 — (65) — 16 Total Finite-Lived intangible assets $ 52,892 $ 329 $ (7,259) $ 907 $ 46,869 Indefinite-Lived intangible assets: MC Goodwill $ 67,672 $ — $ — $ 4,618 $ 72,290 AEC Goodwill 113,262 335 — 1,666 115,263 Total Indefinite-Lived intangible assets $ 180,934 $ 335 $ — $ 6,284 $ 187,553
Schedule of Estimated Amortization Expense	Estimated amortization expense of intangibles for the years ending December 31, 2022 through 2026, is as follows: Year Annual amortization (in thousands) 2022 $ 4,900 2023 4,200 2024 4,200 2025 4,200 2026 3,600

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	12 Months Ended
	Dec. 31, 2021
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities consist of: (in thousands) 2021 2020 Salaries, wages and benefits $ 54,254 $ 47,178 Pension and postretirement 10,742 5,941 Returns and allowances 9,798 10,560 Contract liabilities 6,959 8,206 Dividends 6,742 6,469 Operating and Financing lease liabilities 5,336 5,871 Contract loss reserve 3,608 11,250 Other tax 9,041 9,866 Freight 4,031 3,474 Professional fees 3,926 3,451 Other 9,888 13,193 Total $ 124,325 $ 125,459

Financial Instruments (Tables)

Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2021
Long-term Debt and Lease Obligation [Abstract]
Schedule of Long-Term Debt	Long-term debt, principally to banks and noteholders, consists of: (in thousands, except interest rates) 2021 2020 Revolving credit agreement with borrowings outstanding at an end of period interest rate of 3.74% in 2021 and 3.50% in 2020 (including the effect of interest rate hedging transactions, as described below), due in 2024 $ 350,000 $ 398,000 Other debt, at an average end of period rate of 5.50% in both 2021 and 2020, final payment was made on April 20, 2021 — 9 Long-term debt 350,000 398,009 Less: current portion — (9) Long-term debt, net of current portion $ 350,000 $ 398,000

Fair-Value Measurements (Tables

Fair-Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Schedule of Fair Value of Financial Assets and Liabilities	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, 2021 December 31, 2020 (in thousands) Quoted prices in active markets (Level 1) Significant other observable inputs (Level 2) Quoted prices in active markets (Level 1) Significant other observable inputs (Level 2) Fair Value Assets: Cash equivalents $ 20,665 $ — $ 17,508 $ — Other Assets: Common stock of unaffiliated foreign public company (a) 702 — 748 — Interest rate swaps — 3,328 — — Liabilities: Other noncurrent liabilities: Interest rate swaps — (5,176) — (12,714) _____________________ (a) Original cost basis $0.5 million

Other Noncurrent Liabilities (T

Other Noncurrent Liabilities (Tables)	12 Months Ended
	Dec. 31, 2021
Other Liabilities Disclosure [Abstract]
Other Noncurrent Liabilities	As of December 31, 2021 and 2020, Other Noncurrent Liabilities consisted of the following: (in thousands) 2021 2020 Postretirement benefits other than pensions $ 41,257 $ 44,317 Pension liabilities 30,850 35,607 Finance leases 14,515 16,121 Operating leases 11,001 13,589 Interest rate swap agreements 5,176 12,714 Deferred payroll taxes — 2,593 Incentive and deferred compensation 3,257 2,286 Other 1,738 3,197 Total $ 107,794 $ 130,424

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2021
Lessee Disclosure [Abstract]
Schedule of Components of Lease Expense	The components of lease expense were as follows: For the years ended (in thousands) December 31, 2021 December 31, 2020 Finance lease Amortization of right-of-use asset $ 997 $ 1,056 Interest on lease liabilities 1,353 1,475 Operating lease Fixed lease cost 5,283 5,448 Variable lease cost (259) 314 Short-term lease cost 1,037 996 Total lease expense $ 8,411 $ 9,289
Schedule of Supplemental Cash Flow Information Related to Leases	Lease expense for the year ended December 31, 2019 was $8.9 million. Supplemental cash flow information related to leases was as follows: For the years ended (in thousands) December 31, 2021 December 31, 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash outflows from operating leases $ 5,233 $ 5,300 Operating cash outflows from finance leases 1,353 1,475 Financing cash outflows from finance leases 1,438 7,214 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 2,189 $ 4,017 Finance leases — —
Schedule of Supplemental Balance Sheet Information Related to Leases	Supplemental balance sheet information related to leases was as follows: (in thousands) December 31, 2021 December 31, 2020 Operating leases Right of use assets included in Other assets $ 14,366 $ 17,712 Lease liabilities included in Accrued liabilities $ 3,730 $ 4,433 Other noncurrent liabilities 11,001 13,589 Total operating lease liabilities $ 14,731 $ 18,022 Finance leases Right-of-use assets included in Property, plant and equipment, net $ 7,979 $ 8,976 Lease liabilities included in Accrued liabilities $ 1,606 $ 1,438 Other noncurrent liabilities 14,515 16,121 Total finance lease liabilities $ 16,121 $ 17,559
Schedule of Additional Information Related to Leases	Additional information for leases existing at December 31, 2021 and 2020 was as follows: December 31, 2021 December 31, 2020 Weighted average remaining lease term Operating leases 6 years 6 years Finance leases 8 years 9 years Weighted average discount rate Operating leases 4.4 % 4.5 % Finance leases 8.0 % 8.0 %
Schedule of Maturities of Lease Liabilities	Maturities of lease liabilities as of December 31, 2021 were as follows: (in thousands) Operating leases Finance leases Year ending December 31, 2022 $ 4,737 $ 2,838 2023 3,412 3,004 2024 2,199 3,004 2025 1,801 3,004 2026 1,782 3,004 Thereafter 2,789 6,501 Total lease payments 16,720 21,355 Less imputed interest (1,989) (5,234) Total $ 14,731 $ 16,121 Maturities of lease liabilities as of December 31, 2020 were as follows: (in thousands) Operating leases Finance leases Year ending December 31, 2021 $ 5,135 $ 2,790 2022 4,202 2,838 2023 2,829 3,004 2024 1,986 3,004 2025 1,788 3,004 Thereafter 4,587 9,505 Total lease payments 20,527 24,145 Less imputed interest (2,505) (6,586) Total $ 18,022 $ 17,559
Schedule of Maturities of Lease Liabilities	Maturities of lease liabilities as of December 31, 2021 were as follows: (in thousands) Operating leases Finance leases Year ending December 31, 2022 $ 4,737 $ 2,838 2023 3,412 3,004 2024 2,199 3,004 2025 1,801 3,004 2026 1,782 3,004 Thereafter 2,789 6,501 Total lease payments 16,720 21,355 Less imputed interest (1,989) (5,234) Total $ 14,731 $ 16,121 Maturities of lease liabilities as of December 31, 2020 were as follows: (in thousands) Operating leases Finance leases Year ending December 31, 2021 $ 5,135 $ 2,790 2022 4,202 2,838 2023 2,829 3,004 2024 1,986 3,004 2025 1,788 3,004 Thereafter 4,587 9,505 Total lease payments 20,527 24,145 Less imputed interest (2,505) (6,586) Total $ 18,022 $ 17,559

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2021
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 New Claims Closing Number of Claims Amounts Paid (thousands) to 2019 3,684 51 75 3,708 $25 2020 3,708 152 59 3,615 57 2021 3,615 32 26 3,609 $93

Incentive Plans (Tables)

Incentive Plans (Tables)	12 Months Ended
	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
Schedules of Executive Management Share-based Compensation Activity	Information with respect to these plans is presented below: Number of shares Weighted average grant date value Year-end intrinsic value Shares potentially payable at January 1, 2019 112,465 $ 49.96 $ 5,619 Forfeitures — Payments (45,689) $ 36.74 Shares accrued based on 2019 performance 14,936 $ 92.12 Shares potentially payable at December 31, 2019 81,712 $ 65.06 $ 5,316 Forfeitures — Payments (20,680) $ 47.35 Shares accrued based on 2020 performance 36,808 $ 73.43 Shares potentially payable at December 31, 2020 97,840 $ 71.95 $ 7,040 Forfeitures — Payments (31,722) $ 66.25 Shares accrued based on 2021 performance 41,512 $ 78.06 Shares potentially payable at December 31, 2021 107,630 $ 75.99 $ 8,179
Schedules of Other Share-based Compensation Activity	The determination of compensation expense for the PSP is based on the number of outstanding share units, the end-of-period share price, and Company performance. Information with respect to the PSP is presented below: Number of shares Weighted average value per Cash paid for share based Share units potentially payable at January 1, 2019 227,301 Grants 58,878 Changes due to performance 21,740 Payments (69,912) $ 70.67 $ 5,528 Forfeitures (22,935) Share units potentially payable at December 31, 2019 215,072 Grants 63,104 Changes due to performance 27,921 Payments (80,808) $ 73.04 $ 5,848 Forfeitures (11,441) Share units potentially payable at December 31, 2020 213,848 Grants 56,536 Changes due to performance 52,296 Payments (68,622) $ 74.22 $ 5,093 Forfeitures (5,644) Share units potentially payable at December 31, 2021 248,414

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2021
Stockholders' Equity Note [Abstract]
Schedule of Stockholders Equity	Activity in Shareholders’ equity for 2019, 2020, and 2021 is presented below: (in thousands) Class A Common Stock Class B Common Stock Additional paid-in capital Retained earnings Accumulated items of other Class A Treasury Stock Noncontrolling Interest Total Equity Shares Amount Shares Amount Shares Amount January 1, 2019 37,450 $ 37 3,234 $ 3 $ 430,555 $ 589,645 $ (158,388) 8,419 $ (256,603) $ 3,031 $ 608,280 Net income attributable to the Company — — — — — 132,398 — — — 985 133,383 Adoption of accounting standards (a) — — — — — 35 — — — — 35 Compensation and benefits paid or payable in shares 26 — — — 1,311 — — — — — 1,311 Options exercised 7 — — — 112 — — — — — 112 Shares issued to Directors' — — — — 540 — — (10) 212 — 752 Dividends declared Class A Common Stock, $0.73 per share — — — — — (21,818) — — — — (21,818) Class B Common Stock, $0.73 per share — — — — — (1,763) — — — — (1,763) Conversion of Class B shares to Class A shares (b) 1,616 2 (1,616) (1) — (1) — — — — — Cumulative translation adjustments — — — — — — (6,876) — — (10) (6,886) Pension and postretirement liability adjustments — — — — — — (2,885) — — — (2,885) Derivative valuation adjustment — — — — — — (7,832) — — — (7,832) December 31, 2019 39,099 $ 39 1,618 $ 2 $ 432,518 $ 698,496 $ (175,981) 8,409 $ (256,391) $ 4,006 $ 702,689 Net income attributable to the Company — — — — — 98,589 — — — (1,346) 97,243 Adoption of accounting standards (c) — — — — — (1,443) — — — — (1,443) Compensation and benefits paid or payable in shares 13 — — — 622 — — — — — 622 Options exercised 3 — — — 55 — — — — — 55 Shares issued to Directors' — — — — 501 — — (18) 382 — 883 Dividends declared Class A Common Stock, $0.77 per share — — — — — (23,651) — — — — (23,651) Class B Common Stock, $0.77 per share — — — — — (1,245) — — — — (1,245) Cumulative translation adjustments — — — — — — 39,649 — — 1,139 40,788 Pension and postretirement liability adjustments — — — — — — 10,333 — — — 10,333 Derivative valuation adjustment — — — — — — (6,409) — — — (6,409) December 31, 2020 39,115 $ 39 1,618 $ 2 $ 433,696 $ 770,746 $ (132,408) 8,391 $ (256,009) $ 3,799 $ 819,865 Net income attributable to the Company — — — — — 118,478 — — — 290 118,768 Compensation and benefits paid or payable in shares 20 — — — 2,441 — — — — — 2,441 Options exercised 7 — — — 153 — — — — — 153 Shares issued to Directors' — — — — 706 — — (11) 241 — 947 Purchase of Treasury shares (d) — — — — — — — 285 (24,375) — (24,375) Dividends declared Class A Common Stock, $0.81 per share — — — — — (25,520) — — — — (25,520) Class B Common Stock, $0.81 per share — — — — — (647) — — — — (647) Conversion of Class B shares to Class A shares (e) 1,618 2 (1,618) (2) — — — — — — — Cumulative translation adjustments — — — — — — (22,677) — — (451) (23,128) Pension and postretirement liability adjustments — — — — — — 1,171 — — — 1,171 Derivative valuation adjustment — — — — — — 7,930 — — — 7,930 December 31, 2021 40,760 $ 41 — $ — $ 436,996 $ 863,057 $ (145,984) 8,665 $ (280,143) $ 3,638 $ 877,605 (a) As described in Note 20, the Company adopted ASC 842, Leases effective January 1, 2019, which resulted in an increase to Retained earnings of less than $0.1 million. (b) In the second quarter of 2019, Standish Family Holdings, LLC executed a secondary offering of Albany shares. As a result of the offering, 1.6 million shares of Class B Common Stock previously owned by Standish Family Holdings, LLC were converted to Class A Common Stock and then sold to third parties. Costs associated with the offering were charged directly to Standish Family Holdings, LLC. (c) As described in Note 1, the Company adopted the provisions of ASC 326, Current expected credit losses (CECL) effective January 1, 2020, which resulted in a decrease to Retained earnings of $1.4 million. (d) On October 25, 2021, the Company's Board of Directors authorized the Company to repurchase shares of up to $200 million through open market purchases, privately negotiated transactions or otherwise, and to determine the prices, times and amounts. In 2021, the Company repurchased 285,286 shares totaling $24.4 million. (e) In the third and fourth quarters of 2021, Standish Family Holdings, LLC executed a secondary offering of Albany shares. As a result of the offerings, 1.6 million shares of Class B Common Stock previously owned by Standish Family Holdings, LLC were converted to Class A Common Stock and then sold to third parties. Costs associated with the offering were charged directly to Standish Family Holdings, LLC.

Accounting Policies (Narrative)

Accounting Policies (Narrative) (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended	12 Months Ended
	Sep. 30, 2021	Sep. 30, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Gross profit			$ 378,391	$ 371,072	$ 397,701
Research and development expense			29,600	25,800	26,900
Provision for credit losses from uncollected receivables and contract assets			(1,299)	1,628	309
Total equity			$ (877,605)	(819,865)	(702,689)	$ (608,280)
Receivable with imputed interest, effective yield (interest rate)			2.00%
Noncurrent receivables invoice terms (in years)			10 years
Assets for plan benefits, defined benefit plan			$ 32,500	31,100
Government grants		$ 5,800	$ 5,832	0	0
Proceeds from government grant	$ 2,900
Software | Minimum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Useful life			5 years
Software | Maximum
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Useful life			8 years
Share-based Payment Arrangement, Option
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Expiration period			20 years
Length of time options are valid after retirement, in years			10 years
Assets
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Assets for plan benefits, defined benefit plan			$ 700	700
Retained earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total equity			(863,057)	(770,746)	(698,496)	(589,645)
Cumulative Effect, Period of Adoption, Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Provision for credit losses from uncollected receivables and contract assets					1,800
Total equity					1,443	(35)
Cumulative Effect, Period of Adoption, Adjustment | Retained earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total equity				1,400	1,443	(35)
Cumulative Effect, Period of Adoption, Adjustment | Retained Earnings, Pre-Tax
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Total equity				300		$ 300
Long term contract
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Gross profit			$ 6,200	$ 9,900	$ (10,800)
Albany Safran Composites, LLC
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Noncontrolling interest, ownership percentage by parent			90.00%
Entity In Russia
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Noncontrolling interest, ownership percentage by parent			50.00%

Accounting Policies (Schedule o

Accounting Policies (Schedule of Foreign Currency Transaction Gains and Losses) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accounting Policies [Abstract]
Selling, general, and administrative expenses	$ (263)	$ 1,875	$ 1,281
Other (income)/expense, net	(1,179)	13,569	(4,471)
Total transaction (gains)/losses	$ (1,442)	$ 15,444	$ (3,190)

Accounting Policies (Schedule_2

Accounting Policies (Schedule of Foreign Currency Gains on Long-term Intercompany Loans) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accounting Policies [Abstract]
Loss/(gain), before tax, on long-term intercompany loan	$ (66)	$ (4,985)	$ 0

Revenue Recognition (Schedule o

Revenue Recognition (Schedule of Disaggregate Revenue for Each Business Segment) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disaggregation of Revenue [Line Items]
Total revenue	$ 929,240	$ 900,610	$ 1,054,132
Point in Time  Revenue Recognition
Disaggregation of Revenue [Line Items]
Total revenue	631,528	587,906	626,638
Over Time  Revenue Recognition
Disaggregation of Revenue [Line Items]
Total revenue	297,712	312,704	427,494
Machine Clothing
Disaggregation of Revenue [Line Items]
Total revenue	619,015	572,955	601,254
Machine Clothing | Point in Time  Revenue Recognition
Disaggregation of Revenue [Line Items]
Total revenue	615,556	569,563	598,054
Machine Clothing | Over Time  Revenue Recognition
Disaggregation of Revenue [Line Items]
Total revenue	3,459	3,392	3,200
Albany Engineered Composites
Disaggregation of Revenue [Line Items]
Total revenue	310,225	327,655	452,878
Albany Engineered Composites | Point in Time  Revenue Recognition
Disaggregation of Revenue [Line Items]
Total revenue	15,972	18,343	28,584
Albany Engineered Composites | Over Time  Revenue Recognition
Disaggregation of Revenue [Line Items]
Total revenue	294,253	309,312	424,294
ASC
Disaggregation of Revenue [Line Items]
Total revenue	109,803	98,411	220,188
ASC | Point in Time  Revenue Recognition
Disaggregation of Revenue [Line Items]
Total revenue	0	0	0
ASC | Over Time  Revenue Recognition
Disaggregation of Revenue [Line Items]
Total revenue	109,803	98,411	220,188
Other AEC
Disaggregation of Revenue [Line Items]
Total revenue	200,422	229,244	232,690
Other AEC | Point in Time  Revenue Recognition
Disaggregation of Revenue [Line Items]
Total revenue	15,972	18,343	28,584
Other AEC | Over Time  Revenue Recognition
Disaggregation of Revenue [Line Items]
Total revenue	$ 184,450	$ 210,901	$ 204,106

Revenue Recognition (Schedule_2

Revenue Recognition (Schedule of Disaggregate MC Segment Revenue by Significant Product or Service) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disaggregation of Revenue [Line Items]
Net sales	$ 929,240	$ 900,610	$ 1,054,132
Machine Clothing
Disaggregation of Revenue [Line Items]
Net sales	619,015	572,955	601,254
Machine Clothing | Americas PMC
Disaggregation of Revenue [Line Items]
Net sales	317,907	297,490	316,355
Machine Clothing | Eurasia PMC
Disaggregation of Revenue [Line Items]
Net sales	219,506	202,181	210,961
Machine Clothing | Engineered Fabrics
Disaggregation of Revenue [Line Items]
Net sales	$ 81,602	$ 73,284	$ 73,938

Revenue Recognition (Narrative)

Revenue Recognition (Narrative) (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Revenue Recognition [Abstract]
Revenue, remaining performance obligation, amount	$ 278	$ 86	$ 82
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	278	$ 86	$ 82
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01
Revenue Recognition [Abstract]
Revenue, remaining performance obligation, amount	98
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 98
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Revenue Recognition [Abstract]
Revenue, remaining performance obligation, amount	$ 44
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 44
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Revenue Recognition [Abstract]
Revenue, remaining performance obligation, amount	$ 34
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 34
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year

Reportable Segments and Geogr_3

Reportable Segments and Geographic Data (Narrative) (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Nov. 20, 2019	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Oct. 31, 2013
Segment Reporting Information [Line Items]
Operating lease expense		$ 5,283	$ 5,448
Net sales		929,240	900,610	$ 1,054,132
Increase (decrease) in operating assets	$ 35,300
Machine Clothing
Segment Reporting Information [Line Items]
Net sales		$ 619,015	572,955	601,254
Revenue Benchmark | Customer Concentration Risk | SAFRAN Group
Segment Reporting Information [Line Items]
Concentration risk percentage		12.00%
Revenue Benchmark | US Government Contracts Or Programs | Product Concentration Risk
Segment Reporting Information [Line Items]
Concentration risk percentage		47.00%
Albany Aerostructures Composites LLC (AAC)
Segment Reporting Information [Line Items]
Receivables		$ 79,600	127,100
Safran
Segment Reporting Information [Line Items]
Operating lease expense		900	900
Net sales		$ 111,600	$ 99,000	$ 226,800
Safran | Albany Safran Composites, LLC
Segment Reporting Information [Line Items]
Ownership percentage of noncontrolling shareholder		10.00%	10.00%		10.00%

Reportable Segments and Geogr_4

Reportable Segments and Geographic Data (Schedule of Financial Data by Reporting Segment) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2021	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Net sales		$ 929,240	$ 900,610	$ 1,054,132
Depreciation and amortization		74,255	72,705	70,795
Operating income/(loss)		178,011	166,080	193,576
Interest income		(2,500)	(2,748)	(2,729)
Interest expense		17,391	16,332	19,650
Aviation Manufacturing Jobs Protection (AMJP) grant	$ (5,800)	(5,832)	0	0
Other expense, net		3,021	13,422	(1,557)
Income before income taxes		165,931	139,074	178,212
Corporate expenses
Segment Reporting Information [Line Items]
Depreciation and amortization		3,662	3,905	4,250
Operating income/(loss)		(53,803)	(56,261)	(53,909)
Reconciling items:
Segment Reporting Information [Line Items]
Interest income		(2,500)	(2,748)	(2,729)
Interest expense		17,391	16,332	19,650
Aviation Manufacturing Jobs Protection (AMJP) grant		(5,832)	0	0
Other expense, net		3,021	13,422	(1,557)
Machine Clothing
Segment Reporting Information [Line Items]
Net sales		619,015	572,955	601,254
Machine Clothing | Operating segments
Segment Reporting Information [Line Items]
Net sales		619,015	572,955	601,254
Depreciation and amortization		20,191	20,304	21,875
Operating income/(loss)		215,654	190,805	191,965
Albany Engineered Composites
Segment Reporting Information [Line Items]
Net sales		310,225	327,655	452,878
Albany Engineered Composites | Operating segments
Segment Reporting Information [Line Items]
Net sales		310,225	327,655	452,878
Depreciation and amortization		50,402	48,496	44,670
Operating income/(loss)		$ 16,160	$ 31,536	$ 55,520

Reportable Segments and Geogr_5

Reportable Segments and Geographic Data (Schedule of Restructuring Costs by Reporting Segment) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Restructuring expenses, net
Consolidated total	$ 1,331	$ 5,736	$ 2,905
Corporate expenses
Restructuring expenses, net
Consolidated total	97	169	(57)
Machine Clothing | Operating segments
Restructuring expenses, net
Consolidated total	1,202	2,746	1,129
Albany Engineered Composites | Operating segments
Restructuring expenses, net
Consolidated total	$ 32	$ 2,821	$ 1,833

Reportable Segments and Geogr_6

Reportable Segments and Geographic Data (Schedule of Operating Assets and Capital Expenditures by Reporting Segment) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting, Asset Reconciling Item [Line Items]
Segment assets	$ 1,556,064	$ 1,549,936	$ 1,474,368
Cash	302,036	241,316
Capital expenditures and purchased software	53,699	42,390	67,955
Reconciling items:
Segment Reporting, Asset Reconciling Item [Line Items]
Cash	302,036	241,316	195,540
Income taxes prepaid, receivable and deferred	28,334	44,697	57,783
Prepaid and Other assets	113,810	106,492	86,174
Corporate expenses
Segment Reporting, Asset Reconciling Item [Line Items]
Capital expenditures and purchased software	2,510	2,880	2,495
Machine Clothing | Operating segments
Segment Reporting, Asset Reconciling Item [Line Items]
Segment assets	459,182	443,476	441,072
Capital expenditures and purchased software	20,177	15,792	16,707
Albany Engineered Composites | Operating segments
Segment Reporting, Asset Reconciling Item [Line Items]
Segment assets	652,702	713,955	693,799
Capital expenditures and purchased software	$ 31,012	$ 23,718	$ 48,753

Reportable Segments and Geogr_7

Reportable Segments and Geographic Data (Schedule of Net Sales and Property, Plant, And Equipment by Geographic Area) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	$ 929,240	$ 900,610	$ 1,054,132
Property, plant and equipment, net	436,417	448,554	466,462
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	497,231	503,473	574,063
Property, plant and equipment, net	258,453	263,201	275,965
Switzerland
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	128,698	128,328	146,571
France
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	68,929	55,914	91,783
Property, plant and equipment, net	33,802	41,107	43,986
China
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	67,098	57,007	48,586
Property, plant and equipment, net	41,039	40,898	41,799
Brazil
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	62,925	60,259	64,666
Mexico
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	37,547	39,859	73,039
Property, plant and equipment, net	40,699	41,738	45,640
Other countries
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales	66,812	55,770	55,424
Property, plant and equipment, net	16,122	18,290	19,287
Canada
Revenues from External Customers and Long-Lived Assets [Line Items]
Property, plant and equipment, net	14,139	9,672	9,509
Sweden
Revenues from External Customers and Long-Lived Assets [Line Items]
Property, plant and equipment, net	12,355	12,109	8,652
United Kingdom
Revenues from External Customers and Long-Lived Assets [Line Items]
Property, plant and equipment, net	10,156	10,731	11,047
Germany
Revenues from External Customers and Long-Lived Assets [Line Items]
Property, plant and equipment, net	$ 9,652	$ 10,808	$ 10,577

Pensions and Other Postretire_3

Pensions and Other Postretirement Benefit Plans (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Defined Benefit Plan Disclosure [Line Items]
Employer contributions	$ 9,400
Pension plans
Defined Benefit Plan Disclosure [Line Items]
Benefit obligation	230,790	$ 245,800	$ 227,211
Defined benefit plan, benefit obligation, period increase (decrease)	(15,000)	18,600
Actuarial (gain)/loss	7,163	(13,309)
Employer contributions	2,431	3,219
Other postretirement benefits
Defined Benefit Plan Disclosure [Line Items]
Benefit obligation	44,884	47,977	$ 54,384
Defined benefit plan, benefit obligation, period increase (decrease)	(3,100)	(6,400)
Actuarial (gain)/loss	995	4,794
Employer contributions	$ 3,338	$ 3,555
United States
Defined Benefit Plan Disclosure [Line Items]
Percent of consolidated pension plan assets	44.00%
Percent of consolidated pension plan obligations	48.00%
Accrued postretirement liability	$ 43,700
Switzerland | Pension plans
Defined Benefit Plan Disclosure [Line Items]
Benefit obligation	5,400
Canada
Defined Benefit Plan Disclosure [Line Items]
Accrued postretirement liability	$ 1,200

Pensions and Other Postretire_4

Pensions and Other Postretirement Benefit Plans (Schedule of Plan Benefit Obligations) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Pension plans
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Benefit obligation, beginning of year	$ 245,800	$ 227,211
Service cost	2,192	2,279	$ 2,543
Interest cost	5,467	6,172
Plan participants' contributions	175	198
Actuarial (gain)/loss	(7,163)	13,309
Benefits paid	(9,399)	(8,123)
Settlements and curtailments	(3,694)	(474)
Plan amendments and other	(122)	(204)
Foreign currency changes	(2,466)	5,432
Benefit obligation, end of year	230,790	245,800	227,211
Accumulated benefit obligation	$ 223,320	$ 236,321
Pension plans | United States
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]
Discount rate	2.63%	2.65%
Compensation increase	0.00%	0.00%
Pension plans | Foreign Plan
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]
Discount rate	2.41%	1.91%
Compensation increase	2.70%	2.71%
Pension plans | Switzerland
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Benefit obligation, end of year	$ 5,400
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]
Cash balance interest crediting rate	0.25%	0.05%
Other postretirement benefits
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Benefit obligation, beginning of year	$ 47,977	$ 54,384
Service cost	132	200	189
Interest cost	1,103	1,712
Plan participants' contributions	0	0
Actuarial (gain)/loss	(995)	(4,794)
Benefits paid	(3,338)	(3,555)
Settlements and curtailments	0	0
Plan amendments and other	0	0
Foreign currency changes	5	30
Benefit obligation, end of year	44,884	47,977	$ 54,384
Accumulated benefit obligation	$ 0	$ 0
Other postretirement benefits | United States
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]
Discount rate	2.83%	2.38%
Compensation increase	0.00%	0.00%
Other postretirement benefits | Foreign Plan
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]
Discount rate	3.05%	2.75%
Compensation increase	2.75%	2.75%
Other postretirement benefits | Switzerland
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]
Cash balance interest crediting rate	0.00%	0.00%

Pensions and Other Postretire_5

Pensions and Other Postretirement Benefit Plans (Schedule of Plan Assets) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Employer contributions	$ 9,400
Pension plans
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, beginning of year	239,051	$ 211,755
Actual return on plan assets, net of expenses	(2,648)	28,477
Employer contributions	2,431	3,219
Plan participants' contributions	175	198
Benefits paid	(9,399)	(8,123)
Settlements	(3,694)	(737)
Foreign currency changes	(589)	4,262
Fair value of plan assets, end of year	225,327	239,051
Other postretirement benefits
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, beginning of year	0	0
Actual return on plan assets, net of expenses	0	0
Employer contributions	3,338	3,555
Plan participants' contributions	0	0
Benefits paid	(3,338)	(3,555)
Settlements	0	0
Foreign currency changes	0	0
Fair value of plan assets, end of year	$ 0	$ 0

Pensions and Other Postretire_6

Pensions and Other Postretirement Benefit Plans (Schedule of Funded Status of Plans and Composition of Accrued Pension Cost) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Defined Benefit Plan Disclosure [Line Items]
Noncurrent asset	$ 32,500	$ 31,100
Pension plans
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	225,327	239,051	$ 211,755
Benefit obligation	230,790	245,800	227,211
Funded status	(5,463)	(6,749)
Noncurrent asset	32,504	31,139
Current liability	(7,116)	(2,281)
Noncurrent liability	(30,851)	(35,607)
Net amount recognized	(5,463)	(6,749)
Net actuarial loss	52,138	53,065
Prior service cost/(credit)	256	393
Net amount recognized	52,394	53,458
Other postretirement benefits
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0	0
Benefit obligation	44,884	47,977	$ 54,384
Funded status	(44,884)	(47,977)
Noncurrent asset	0	0
Current liability	(3,627)	(3,660)
Noncurrent liability	(41,257)	(44,317)
Net amount recognized	(44,884)	(47,977)
Net actuarial loss	17,483	20,736
Prior service cost/(credit)	(8,458)	(12,946)
Net amount recognized	$ 9,025	$ 7,790

Pensions and Other Postretire_7

Pensions and Other Postretirement Benefit Plans (Schedule of Net Pension Plan Funded Status) (Details) - Pension plans - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Assets for plan benefits, defined benefit plan	$ 32,504
Pension plans without pension assets	(37,967)
Net amount recognized	(5,463)	$ (6,749)
United States
Defined Benefit Plan Disclosure [Line Items]
Assets for plan benefits, defined benefit plan	0
Pension plans without pension assets	(10,404)
Net amount recognized	(10,404)
Foreign Plan
Defined Benefit Plan Disclosure [Line Items]
Assets for plan benefits, defined benefit plan	32,504
Pension plans without pension assets	(27,563)
Net amount recognized	$ 4,941

Pensions and Other Postretire_8

Pensions and Other Postretirement Benefit Plans (Schedule of Net Periodic Benefit Plan Cost) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Curtailment (gain)/loss			$ (500)
Pension plans
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Service cost	$ 2,192	$ 2,279	2,543
Interest cost	5,467	6,172	7,216
Expected return on assets	(6,564)	(6,853)	(8,285)
Amortization of prior service cost/(credit)	13	14	68
Amortization of net actuarial loss	2,365	2,412	2,253
Settlement	0	148	(16)
Curtailment (gain)/loss	0	263	466
Net periodic benefit cost	$ 3,473	$ 4,435	$ 4,245
Pension plans | United States
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract]
Discount rate	2.65%	3.40%	4.41%
Expected return on plan assets	2.74%	3.54%	4.57%
Rate of compensation increase	0.00%	0.00%	0.00%
Pension plans | Foreign Plan
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract]
Discount rate	1.91%	2.31%	2.98%
Expected return on plan assets	2.89%	3.45%	4.45%
Rate of compensation increase	2.71%	2.81%	3.02%
Pension plans | Switzerland
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract]
Cash balance interest crediting rate	0.05%	0.25%	0.85%
Other postretirement benefits
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Service cost	$ 132	$ 200	$ 189
Interest cost	1,103	1,712	2,114
Expected return on assets	0	0	0
Amortization of prior service cost/(credit)	(4,488)	(4,488)	(4,488)
Amortization of net actuarial loss	2,260	2,592	2,227
Settlement	0	0	0
Curtailment (gain)/loss	0	0	0
Net periodic benefit cost	$ (993)	$ 16	$ 42
Other postretirement benefits | United States
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract]
Discount rate	2.38%	3.27%	4.31%
Expected return on plan assets	0.00%	0.00%	0.00%
Rate of compensation increase	0.00%	0.00%	3.00%
Other postretirement benefits | Foreign Plan
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract]
Discount rate	2.75%	3.05%	3.65%
Expected return on plan assets	0.00%	0.00%	0.00%
Rate of compensation increase	2.75%	3.00%	3.00%
Other postretirement benefits | Switzerland
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract]
Cash balance interest crediting rate	0.00%	0.00%	0.00%

Pensions and Other Postretire_9

Pensions and Other Postretirement Benefit Plans (Schedule of (Gains)/Losses Recognized in Other Comprehensive Income) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, before Tax [Abstract]
Settlements/curtailments	$ 0	$ (411)	$ (450)
Asset/liability loss/(gain)	2,259	(13,407)	1,796
Amortization of actuarial (loss)	(4,625)	(5,004)	(4,480)
Amortization of prior service cost/(credit)	4,475	4,474	4,420
Pension plans
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, before Tax [Abstract]
Settlements/curtailments	0	(411)	(450)
Asset/liability loss/(gain)	1,927	(8,053)	(2,794)
Amortization of actuarial (loss)	(2,365)	(2,412)	(2,253)
Amortization of prior service cost/(credit)	(13)	(14)	(68)
Other	0	(204)	0
Currency impact	(612)	670	316
Cost/(benefit) in Other comprehensive income	(1,063)	(10,424)	(5,249)
Other postretirement benefits
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, before Tax [Abstract]
Settlements/curtailments	0	0	0
Asset/liability loss/(gain)	(995)	(4,794)	4,685
Amortization of actuarial (loss)	(2,260)	(2,592)	(2,227)
Amortization of prior service cost/(credit)	4,488	4,488	4,488
Other	0	0	0
Currency impact	2	3	0
Cost/(benefit) in Other comprehensive income	$ 1,235	$ (2,895)	$ 6,946

Pensions and Other Postretir_10

Pensions and Other Postretirement Benefit Plans (Schedule of Fair Value of Plan Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Pension plans
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 225,327	$ 239,051	$ 211,755
Pension plans | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	225,329	239,051
Pension plans | Fair Value, Inputs, Level 1 | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	724	1,095
Pension plans | Fair Value, Inputs, Level 2 | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	98,252	104,642
Pension plans | Fair Value, Inputs, Level 3 | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	3,861	3,819
Pension plans | Fair Value, Inputs, Level 1, 2 and 3 | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	102,837	109,556
Other postretirement benefits
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0	0
Common Stocks and equity funds | Pension plans | Fair Value, Inputs, Level 1 | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Common Stocks and equity funds | Pension plans | Fair Value, Inputs, Level 2 | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Common Stocks and equity funds | Pension plans | Fair Value, Inputs, Level 3 | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Common Stocks and equity funds | Pension plans | Fair Value, Inputs, Level 1, 2 and 3 | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Common Stocks and equity funds | Pension plans | Fair Value Measured at Net Asset Value Per Share | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	18,963	20,213
Debt securities | Pension plans | Fair Value, Inputs, Level 1 | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Debt securities | Pension plans | Fair Value, Inputs, Level 2 | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	98,252	104,642
Debt securities | Pension plans | Fair Value, Inputs, Level 3 | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Debt securities | Pension plans | Fair Value, Inputs, Level 1, 2 and 3 | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	98,252	104,642
Insurance contracts | Pension plans | Fair Value, Inputs, Level 1 | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Insurance contracts | Pension plans | Fair Value, Inputs, Level 2 | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Insurance contracts | Pension plans | Fair Value, Inputs, Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	3,861	3,819	$ 3,244
Insurance contracts | Pension plans | Fair Value, Inputs, Level 3 | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	3,861	3,819
Insurance contracts | Pension plans | Fair Value, Inputs, Level 1, 2 and 3 | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	3,861	3,819
Cash and short-term investments | Pension plans | Fair Value, Inputs, Level 1 | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	724	1,095
Cash and short-term investments | Pension plans | Fair Value, Inputs, Level 2 | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Cash and short-term investments | Pension plans | Fair Value, Inputs, Level 3 | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	0	0
Cash and short-term investments | Pension plans | Fair Value, Inputs, Level 1, 2 and 3 | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	724	1,095
Fixed income funds | Pension plans | Fair Value Measured at Net Asset Value Per Share | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	101,845	107,012
Limited partnerships | Pension plans | Fair Value Measured at Net Asset Value Per Share | Fair Value, Recurring
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets	$ 1,684	$ 2,270

Pensions and Other Postretir_11

Pensions and Other Postretirement Benefit Plans (Reconciliation of Level 3 Assets) (Details) - Pension plans - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, beginning of year	$ 239,051	$ 211,755
Fair value of plan assets, end of year	225,327	239,051
Insurance contracts | Fair Value, Inputs, Level 3
Defined Benefit Plan Disclosure [Line Items]
Fair value of plan assets, beginning of year	3,819	3,244
Net realized gains	0	0
Net unrealized gains	24	22
Net purchases, issuances and settlements	18	553
Net transfers (out of) Level 3	0	0
Fair value of plan assets, end of year	$ 3,861	$ 3,819

Pensions and Other Postretir_12

Pensions and Other Postretirement Benefit Plans (Schedule of Asset Allocation) (Details)	Dec. 31, 2021	Dec. 31, 2020
United States
Defined Benefit Plan Disclosure [Line Items]
Target Allocation	100.00%
Percentage of plan assets at plan measurement date	100.00%	100.00%
United States | Common Stocks and equity funds
Defined Benefit Plan Disclosure [Line Items]
Target Allocation	0.00%
Percentage of plan assets at plan measurement date	0.00%	0.00%
United States | Debt securities
Defined Benefit Plan Disclosure [Line Items]
Target Allocation	100.00%
Percentage of plan assets at plan measurement date	98.00%	98.00%
United States | Real estate
Defined Benefit Plan Disclosure [Line Items]
Target Allocation	0.00%
Percentage of plan assets at plan measurement date	2.00%	2.00%
United States | Other
Defined Benefit Plan Disclosure [Line Items]
Target Allocation	0.00%
Percentage of plan assets at plan measurement date	0.00%	0.00%
Foreign Plan
Defined Benefit Plan Disclosure [Line Items]
Target Allocation	100.00%
Percentage of plan assets at plan measurement date	100.00%	100.00%
Foreign Plan | Common Stocks and equity funds
Defined Benefit Plan Disclosure [Line Items]
Target Allocation	13.00%
Percentage of plan assets at plan measurement date	13.00%	13.00%
Foreign Plan | Debt securities
Defined Benefit Plan Disclosure [Line Items]
Target Allocation	82.00%
Percentage of plan assets at plan measurement date	80.00%	81.00%
Foreign Plan | Real estate
Defined Benefit Plan Disclosure [Line Items]
Target Allocation	1.00%
Percentage of plan assets at plan measurement date	1.00%	1.00%
Foreign Plan | Other
Defined Benefit Plan Disclosure [Line Items]
Target Allocation	4.00%
Percentage of plan assets at plan measurement date	6.00%	5.00%

Pensions and Other Postretir_13

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, 2021	Dec. 31, 2020
Defined Benefit Plan, Pension Plan with Project Benefit Obligation in Excess of Plan Assets [Abstract]
Projected benefit obligation	$ 142,007	$ 42,703
Fair value of plan assets	104,041	4,815
Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets [Abstract]
Accumulated benefit obligation	139,600	40,133
Fair value of plan assets	$ 104,041	$ 4,815

Pensions and Other Postretir_14

Pensions and Other Postretirement Benefit Plans (Schedule of Expected Cash Flows) (Details) $ in Thousands	Dec. 31, 2021USD ($)
Pension plans
Defined Benefit Plan Disclosure [Line Items]
Expected employer contributions and direct employer payments in the next fiscal year	$ 7,422
2022	111,226
2023	4,948
2024	5,246
2025	5,708
2026	5,996
2027-2031	31,480
Other postretirement benefits
Defined Benefit Plan Disclosure [Line Items]
Expected employer contributions and direct employer payments in the next fiscal year	3,626
2022	3,626
2023	3,509
2024	3,366
2025	3,192
2026	3,084
2027-2031	$ 13,798

Restructuring (Narrative) (Deta

Restructuring (Narrative) (Details) $ in Thousands	12 Months Ended					60 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)positionEliminated	Dec. 31, 2017USD ($)	Dec. 31, 2021USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring expenses, net	$ 1,331	$ 5,736	$ 2,905
Restructuring reserve, current	900					$ 900
Restructuring reserve, noncurrent	100					100
Machinery and equipment
Restructuring Cost and Reserve [Line Items]
Loss (gain) on write-down			1,200
Impairment of assets
Restructuring Cost and Reserve [Line Items]
Restructuring expenses, net	0	0	1,636
Albany Engineered Composites | Operating segments | Special Termination Benefits
Restructuring Cost and Reserve [Line Items]
Restructuring expenses, net	2,800
Machine Clothing | Impairment of assets
Restructuring Cost and Reserve [Line Items]
Restructuring expenses, net	400	1,200	900	$ 10,700	$ 1,100	$ 14,300
Restructuring and related cost, number of positions eliminated | positionEliminated				50
Machine Clothing | Operating segments
Restructuring Cost and Reserve [Line Items]
Restructuring expenses, net	1,202	2,746	1,129
Machine Clothing | Operating segments | Impairment of assets
Restructuring Cost and Reserve [Line Items]
Restructuring expenses, net	0	$ 0	$ 462
AEC facility
Restructuring Cost and Reserve [Line Items]
Restructuring expenses, net				$ 1,900
Non-cash restructuring charge				1,700
Severance costs				$ 200
AEC facility | Machinery and equipment
Restructuring Cost and Reserve [Line Items]
Restructuring charges accrued	$ 3,100

Restructuring (Schedule of Rest

Restructuring (Schedule of Restructuring Charges) (Details) - USD ($) $ in Thousands	12 Months Ended					60 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2021
Restructuring expenses, net
Restructuring expenses, net	$ 1,331	$ 5,736	$ 2,905
Termination and other costs
Restructuring expenses, net
Restructuring expenses, net	1,331	5,736	1,269
Impairment of assets
Restructuring expenses, net
Restructuring expenses, net	0	0	1,636
Impairment of assets | Machine Clothing
Restructuring expenses, net
Restructuring expenses, net	400	1,200	900	$ 10,700	$ 1,100	$ 14,300
Operating segments | Machine Clothing
Restructuring expenses, net
Restructuring expenses, net	1,202	2,746	1,129
Operating segments | Albany Engineered Composites
Restructuring expenses, net
Restructuring expenses, net	32	2,821	1,833
Operating segments | Termination and other costs | Machine Clothing
Restructuring expenses, net
Restructuring expenses, net	1,202	2,746	667
Operating segments | Termination and other costs | Albany Engineered Composites
Restructuring expenses, net
Restructuring expenses, net	32	2,821	659
Operating segments | Impairment of assets | Machine Clothing
Restructuring expenses, net
Restructuring expenses, net	0	0	462
Operating segments | Impairment of assets | Albany Engineered Composites
Restructuring expenses, net
Restructuring expenses, net	0	0	1,174
Corporate expenses
Restructuring expenses, net
Restructuring expenses, net	97	169	(57)
Corporate expenses | Termination and other costs
Restructuring expenses, net
Restructuring expenses, net	97	169	(57)
Corporate expenses | Impairment of assets
Restructuring expenses, net
Restructuring expenses, net	$ 0	$ 0	$ 0

Restructuring (Schedule of Re_2

Restructuring (Schedule of Restructuring Liability) (Details) - Employee Severance - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Restructuring Reserve [Roll Forward]
Beginning balance	$ 2,195	$ 2,042
Restructuring charges accrued	1,331	5,736
Payments	(2,469)	(5,668)
Currency translation/other	(12)	85
Ending balance	$ 1,045	$ 2,195

Other expense_(income), net (De

Other expense/(income), net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Other Income and Expenses [Abstract]
Currency transactions	$ (1,179)	$ 13,569	$ (4,471)
Bank fees and other costs	373	367	348
Pension settlements and curtailments	0	411	450
Components of net periodic pension and postretirement cost other than service	156	1,561	1,105
Other	3,671	(2,486)	1,011
Total	$ 3,021	$ 13,422	$ (1,557)

Other expense_(income), net (Na

Other expense/(income), net (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Other Income and Expenses [Abstract]
Currency transactions	$ (1,179)	$ 13,569	$ (4,471)
Gain in OCI on loans impacted by business conditions		5,000
Other income (expense), net		2,600
Curtailment gain/(loss)			500
Other Income Expense Foreign Currency Transaction Gain Loss	$ 1,179	$ (13,569)	$ 4,471

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)state	Dec. 31, 2020USD ($)	Dec. 31, 2019
Share-based Payment Arrangement [Abstract]
Other tax expense (benefit)		$ 3.8
Number of countries outside the United States which constitute a taxable presence | state	18
U.S. federal statutory tax rate	21.00%	21.00%	21.00%
Current year and prior year earnings of Company's foreign operations	$ 187.6
Foreign withholding taxes	3.4
Reduction in provisional transition tax	2.9
Undistributed earnings of foreign subsidiaries	$ 190.2
Brazil
Share-based Payment Arrangement [Abstract]
U.S. federal statutory tax rate	34.00%
China
Share-based Payment Arrangement [Abstract]
U.S. federal statutory tax rate	25.00%
Mexico
Share-based Payment Arrangement [Abstract]
U.S. federal statutory tax rate	30.00%
Switzerland
Share-based Payment Arrangement [Abstract]
U.S. federal statutory tax rate	7.80%

Income Taxes (Schedule of Incom

Income Taxes (Schedule of Income/(Loss) From Continuing Operations) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income/(loss) before income taxes, U.S.	$ 63,708	$ 63,375	$ 76,024
Income/(loss) before income taxes, Non-U.S.	102,223	75,699	102,188
Income before income taxes	165,931	139,074	178,212
Current:
Federal	3,348	1,415	780
State	2,663	2,028	6,357
Non-U.S.	29,319	26,916	25,255
Current income tax provision	35,330	30,359	32,392
Deferred:
Federal	9,911	11,211	10,583
State	(24)	192	253
Non-U.S.	1,946	69	1,601
Deferred income tax provision	11,833	11,472	12,437
Total income tax expense	$ 47,163	$ 41,831	$ 44,829

Income Taxes (Reconciliation of

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, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
U.S. federal statutory tax rate	21.00%	21.00%	21.00%
State taxes, net of federal benefit	1.80%	1.80%	3.00%
Non-U.S. local income taxes	2.50%	3.20%	4.40%
U.S. permanent adjustments	1.10%	0.10%	0.00%
Foreign rate differential	1.20%	0.60%	0.50%
Net U.S. tax on non-U.S. earnings and foreign withholdings	2.10%	1.20%	0.30%
Provision for/(resolution) of tax audits and contingencies, net	0.10%	0.50%	(1.60%)
Tax effect of non-deductible foreign exchange loss on intercompany loan	0.00%	2.70%	0.00%
Effective Income Tax Rate Reconciliation, Deduction, Other, Percent	(1.30%)	0.00%	0.00%
Return to provision and other adjustments	(0.10%)	(1.00%)	(2.40%)
Effective income tax rate	28.40%	30.10%	25.20%

Income Taxes (Schedule of Defer

Income Taxes (Schedule of Deferred Tax Assets and Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
U.S.
Income Tax Disclosure [Line Items]
Net deferred tax asset	$ 6,841	$ 18,412
Non-U.S.
Income Tax Disclosure [Line Items]
Net deferred tax asset	8,084	10,827
Deferred tax assets: | U.S.
Income Tax Disclosure [Line Items]
Accounts receivable, net	428	672
Inventories	1,450	762
Incentive compensation	4,580	4,490
Property, plant, equipment and intangibles, net	0	0
Pension, post retirement benefits - non-current	12,912	12,498
Tax loss carryforwards	217	517
Tax credit carryforwards	4,643	9,236
Derivatives	468	3,283
Reserves	991	2,704
Deferred revenue	239	1,471
Other	0	0
Deferred tax assets before valuation allowance	25,928	35,633
Less: valuation allowance	(9)	(9)
Total deferred tax assets	25,919	35,624
Deferred tax assets: | Non-U.S.
Income Tax Disclosure [Line Items]
Accounts receivable, net	1,378	1,453
Inventories	1,752	1,995
Incentive compensation	1,084	1,064
Property, plant, equipment and intangibles, net	4,339	2,382
Pension, post retirement benefits - non-current	0	82
Tax loss carryforwards	19,821	24,509
Tax credit carryforwards	0	954
Derivatives	0	0
Reserves	0	0
Deferred revenue	0	0
Other	1,791	638
Deferred tax assets before valuation allowance	30,165	33,077
Less: valuation allowance	(10,650)	(10,261)
Total deferred tax assets	19,515	22,816
Deferred tax liabilities: | U.S.
Income Tax Disclosure [Line Items]
Unrepatriated foreign earnings	6,308	3,779
Property, plant, equipment and intangibles, net	5,356	3,122
Basis difference in partner capital	2,466	2,911
Basis difference in investment	3,985	6,881
Deferred revenue	0	0
Other	963	519
Total deferred tax liabilities	19,078	17,212
Deferred tax liabilities: | Non-U.S.
Income Tax Disclosure [Line Items]
Unrepatriated foreign earnings	0	0
Property, plant, equipment and intangibles, net	0	0
Basis difference in partner capital	0	0
Basis difference in investment	0	0
Deferred revenue	10,829	11,989
Other	602	0
Total deferred tax liabilities	$ 11,431	$ 11,989

Income Taxes (Schedule of Opera

Income Taxes (Schedule of Operating and Capital Carryforwards and Tax Credit Carryforward) (Details) $ in Thousands	Dec. 31, 2021USD ($)
Income Tax Disclosure [Line Items]
Net Operating and Capital Loss Carryforwards	$ 69,060
Tax credit carryforward	5,202
U.S. | 2025 - 2040
Income Tax Disclosure [Line Items]
Tax credit carryforward	4,802
State and Local Jurisdiction | 2027 - 2035
Income Tax Disclosure [Line Items]
Net Operating and Capital Loss Carryforwards	3,471
Tax credit carryforward	400
State and Local Jurisdiction | Indefinite
Income Tax Disclosure [Line Items]
Net Operating and Capital Loss Carryforwards	52
Non-U.S. | Indefinite
Income Tax Disclosure [Line Items]
Net Operating and Capital Loss Carryforwards	43,154
Non-U.S. | 2025 - 2030
Income Tax Disclosure [Line Items]
Net Operating and Capital Loss Carryforwards	$ 22,383

Income Taxes (Reconciliation _2

Income Taxes (Reconciliation of the Beginning and Ending Amount of Unrecognized Tax Benefits) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Unrecognized tax benefits balance at January 1,	$ 5,491	$ 5,834	$ 3,790
Increase in gross amounts of tax positions related to prior years	278	540	4,874
Decrease in gross amounts of tax positions related to prior years	(4,236)	(637)	(2,239)
Increase in gross amounts of tax positions related to current years	0	0	0
Decrease due to settlements with tax authorities	0	0	0
Decrease due to lapse in statute of limitations	(39)	(300)	(626)
Currency translation	(35)
Currency translation		54	35
Unrecognized tax benefits balance at December 31	$ 1,459	$ 5,491	$ 5,834

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Earnings Per Share [Abstract]
Net income attributable to the Company	$ 118,478	$ 98,589	$ 132,398
Weighted average number of shares:
Weighted average number of shares used in calculating basic net income per share	32,348	32,329	32,296
Effect of dilutive stock-based compensation plans:
Stock options	2	7	12
Long-term incentive plan	113	20	14
Weighted average number of shares used in calculating diluted net income per share	32,463	32,356	32,322
Average market price of common stock used for calculation of dilutive shares	$ 82.88	$ 58.56	$ 78.13
Net income per share:
Basic (in dollars per share)	3.66	3.05	4.10
Diluted (in dollars per share)	$ 3.65	$ 3.05	$ 4.10
Common stock, shares, outstanding (in shares)	32,100	32,300	32,300

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (AOCI) (Schedule of Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ 819,865	$ 702,689	$ 608,280
Ending balance	877,605	819,865	702,689
Translation adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(83,203)	(122,852)	(115,976)
Other comprehensive income/(loss) before reclassifications	(22,677)	39,649	(6,876)
Pension/postretirement settlements and curtailments, net of tax	0	0	0
Pension/postretirement plan remeasurement, net of tax	0	0	0
Interest expense related to swaps reclassified to the Statements of Income, net of tax	0	0	0
Pension and postretirement liability adjustments reclassified to Statements of Income, net of tax	0	0	0
Adjustment related to prior period change in opening valuation allowance			0
Net current period other comprehensive income	(22,677)	39,649	(6,876)
Ending balance	(105,880)	(83,203)	(122,852)
Pension and postretirement liability adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(39,661)	(49,994)	(47,109)
Other comprehensive income/(loss) before reclassifications	1,869	(722)	(525)
Pension/postretirement settlements and curtailments, net of tax	0	283	376
Pension/postretirement plan remeasurement, net of tax	(796)	10,390	(1,437)
Interest expense related to swaps reclassified to the Statements of Income, net of tax	0	0	0
Pension and postretirement liability adjustments reclassified to Statements of Income, net of tax	98	382	47
Adjustment related to prior period change in opening valuation allowance			(1,346)
Net current period other comprehensive income	1,171	10,333	(2,885)
Ending balance	(38,490)	(39,661)	(49,994)
Derivative valuation adjustment
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(9,544)	(3,135)	4,697
Other comprehensive income/(loss) before reclassifications	2,812	(9,363)	(10,523)
Pension/postretirement settlements and curtailments, net of tax	0	0	0
Pension/postretirement plan remeasurement, net of tax	0	0	0
Interest expense related to swaps reclassified to the Statements of Income, net of tax	5,118	2,954	2,691
Pension and postretirement liability adjustments reclassified to Statements of Income, net of tax	0	0	0
Adjustment related to prior period change in opening valuation allowance			0
Net current period other comprehensive income	7,930	(6,409)	(7,832)
Ending balance	(1,614)	(9,544)	(3,135)
AOCI Attributable to Parent
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(132,408)	(175,981)	(158,388)
Other comprehensive income/(loss) before reclassifications	(17,996)	29,564	(17,924)
Pension/postretirement settlements and curtailments, net of tax	0	283	376
Pension/postretirement plan remeasurement, net of tax	(796)	10,390	(1,437)
Interest expense related to swaps reclassified to the Statements of Income, net of tax	5,118	2,954	2,691
Pension and postretirement liability adjustments reclassified to Statements of Income, net of tax	98	382	47
Adjustment related to prior period change in opening valuation allowance			(1,346)
Net current period other comprehensive income	(13,576)	43,573	(17,593)
Ending balance	$ (145,984)	$ (132,408)	$ (175,981)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (AOCI) (Schedule of Items Reclassified to Statement of Income) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Expense related to interest rate swaps included in Income before taxes	$ 17,391	$ 16,332	$ 19,650
Income tax effect	(47,163)	(41,831)	(44,829)
Effect on net income due to items reclassified from Accumulated Other Comprehensive Income	118,478	98,589	132,398
Pension settlements and curtailments	0	411	450
Prior service credit	(4,475)	(4,474)	(4,420)
Amortization of actuarial (loss)	4,625	5,004	4,480
Total pretax amount reclassified	165,931	139,074	178,212
Reclassification out of Accumulated Other Comprehensive Income | Derivative Valuation Adjustments
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Expense related to interest rate swaps included in Income before taxes	6,852	3,982	(1,011)
Income tax effect	(1,734)	(1,028)	259
Effect on net income due to items reclassified from Accumulated Other Comprehensive Income	5,118	2,954	(752)
Reclassification out of Accumulated Other Comprehensive Income | Pension and postretirement liability adjustments
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items]
Income tax effect	52	276	87
Effect on net income due to items reclassified from Accumulated Other Comprehensive Income	98	665	423
Pension settlements and curtailments	0	411	450
Prior service credit	(4,475)	(4,474)	(4,420)
Amortization of actuarial (loss)	4,625	5,004	4,480
Total pretax amount reclassified	$ 150	$ 941	$ 510

Noncontrolling Interest (Detail

Noncontrolling Interest (Details) - Albany Safran Composites, LLC - USD ($) $ in Millions	1 Months Ended
	Oct. 31, 2013	Dec. 31, 2021	Dec. 31, 2020
Noncontrolling Interest [Line Items]
Subsidiary or equity method investee, cumulative percentage ownership after all transactions	90.00%
Subsidiary or equity method investee, cumulative proceeds received on all transactions	$ 28
Noncontrolling interest, ownership percentage by parent		90.00%
Safran
Noncontrolling Interest [Line Items]
Ownership percentage of noncontrolling shareholder	10.00%	10.00%	10.00%

Noncontrolling Interest - Incom

Noncontrolling Interest - Income attributable to the noncontrolling interest and noncontrolling equity (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Oct. 31, 2013
Noncontrolling Interest [Line Items]
Net income	$ 118,768	$ 97,243	$ 133,383
Net income attributable to the Company	118,478	98,589	132,398
Net income/(loss) attributable to noncontrolling interest	290	(1,346)	985
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Noncontrolling interest, beginning of year	3,799
Net income/(loss) attributable to noncontrolling interest	290	(1,346)	985
Noncontrolling interest, end of year	3,638	3,799
Albany Safran Composites, LLC
Noncontrolling Interest [Line Items]
Net income	4,227	(12,261)
Less: Return attributable to the Company's preferred holding	1,325	1,202
Net income attributable to the Company	2,902	(13,463)
Net income/(loss) attributable to noncontrolling interest	290	(1,346)
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Noncontrolling interest, beginning of year	3,799	4,006
Net income/(loss) attributable to noncontrolling interest	290	(1,346)
Changes in other comprehensive income attributable to noncontrolling interest	(451)	1,139
Noncontrolling interest, end of year	$ 3,638	$ 3,799	$ 4,006
Safran | Albany Safran Composites, LLC
Noncontrolling Interest [Line Items]
Ownership percentage of noncontrolling shareholder	10.00%	10.00%		10.00%

Accounts Receivable (Schedule o

Accounts Receivable (Schedule of Accounts Receivable, Current) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Receivables [Abstract]
Noncurrent receivables invoice terms (in years)	10 years
Trade and other accounts receivable	$ 168,046	$ 167,370
Bank promissory notes	26,284	24,860
Allowance for expected credit losses	(2,345)	(3,807)	$ (1,719)
Accounts receivable, net	$ 191,985	$ 188,423

Accounts Receivable (Schedule_2

Accounts Receivable (Schedule of Accounts Receivable, Noncurrent) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Receivables [Abstract]
Noncurrent receivables	$ 32,049	$ 36,539
Allowance for expected credit losses	(200)	(274)	$ 0
Noncurrent receivables, net	$ 31,849	$ 36,265

Accounts Receivable (Schedule_3

Accounts Receivable (Schedule of Changes in Allowance for Credit Losses for Accounts Receivable) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Accounts receivable expected credit losses, beginning balance	$ (3,807)	$ (1,719)
(Charge)/ benefit	887	900
Currency translation	154	(88)
Other	421	83
Accounts receivable expected credit losses, ending balance	(2,345)	(3,807)
Cumulative Effect, Period of Adoption, Adjustment
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Accounts receivable expected credit losses, beginning balance		(1,183)
Specific Customer Reserves
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Accounts receivable expected credit losses, beginning balance	(1,742)	(1,719)
(Charge)/ benefit	187	43
Currency translation	116	(42)
Other	421	106
Accounts receivable expected credit losses, ending balance	(1,392)	(1,742)
Specific Customer Reserves | Cumulative Effect, Period of Adoption, Adjustment
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Accounts receivable expected credit losses, beginning balance		(44)
Incremental Expected Credit Losses
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Accounts receivable expected credit losses, beginning balance	(2,065)	0
(Charge)/ benefit	1,074	857
Currency translation	38	(46)
Other	0	(23)
Accounts receivable expected credit losses, ending balance	$ (953)	(2,065)
Incremental Expected Credit Losses | Cumulative Effect, Period of Adoption, Adjustment
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Accounts receivable expected credit losses, beginning balance		$ (1,139)

Accounts Receivable (Schedule_4

Accounts Receivable (Schedule of Changes in Allowance for Credit Losses for Accounts Receivable) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Noncurrent receivables expected credit losses, beginning balance	$ (274)	$ 0
(Charge)/ benefit	72	(71)
Currency translation	2	3
Other	0	0
Noncurrent receivables expected credit losses, ending balance	$ (200)	(274)
Cumulative Effect, Period of Adoption, Adjustment
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Noncurrent receivables expected credit losses, beginning balance		$ (206)

Contract Assets and Liabiliti_3

Contract Assets and Liabilities (Schedule of Contract Assets and Contract Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Contract assets	$ 113,249	$ 140,348
Allowance for expected credit losses	(703)	(1,059)	$ 0
Contract assets, net	112,546	139,289
Contract liabilities	$ 6,959	$ 8,206

Contract Assets and Liabiliti_4

Contract Assets and Liabilities (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Revenue from Contract with Customer [Abstract]
Increase (decrease) in contract with customer, asset	$ (26.7)
Increase (decrease) in contract liabilities	(1.2)
Contract liability, revenue recognized	$ 5.8	$ 3.8

Contract Assets and Liabiliti_5

Contract Assets and Liabilities (Schedule of (Increases)/ Decreases in Allowance for Credit Losses) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Contract with Customer, Asset, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ (1,059)	$ 0
(Charge)/ benefit	339	(657)
Currency translation	16	(5)
Other	1	6
Ending balance	$ (703)	(1,059)
Cumulative Effect, Period of Adoption, Adjustment
Contract with Customer, Asset, Allowance for Credit Loss [Roll Forward]
Beginning balance		$ (403)

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Inventory Disclosure [Abstract]
Raw materials	$ 58,689	$ 57,789
Work in process	44,839	40,416
Finished goods	14,354	12,273
Total inventories	$ 117,882	$ 110,478

Property, Plant and Equipment_2

Property, Plant and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 1,491,055	$ 1,485,371
Accumulated depreciation and amortization	(1,054,638)	(1,036,817)
Property, plant and equipment, net	436,417	448,554	$ 466,462
Depreciation expense	65,130	63,328	62,085
Software, amortization	1,900	2,100	2,400
Capital expenditures and purchased software	53,699	42,390	67,955
Unamortized software cost	3,900	4,800	5,300
Expenditures for maintenance and repairs	19,300	17,700	$ 19,800
Land and land improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 14,832	15,611
Useful life	25 years
Buildings
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 243,584	246,137
Buildings | Minimum
Property, Plant and Equipment [Line Items]
Useful life	15 years
Buildings | Maximum
Property, Plant and Equipment [Line Items]
Useful life	40 years
Right of use assets
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 10,971	10,971
Right of use assets | Minimum
Property, Plant and Equipment [Line Items]
Useful life	10 years
Right of use assets | Maximum
Property, Plant and Equipment [Line Items]
Useful life	15 years
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 1,067,059	1,076,092
Machinery and equipment | Minimum
Property, Plant and Equipment [Line Items]
Useful life	5 years
Machinery and equipment | Maximum
Property, Plant and Equipment [Line Items]
Useful life	15 years
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 7,857	8,638
Useful life	5 years
Computer and other equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 19,135	19,294
Computer and other equipment | Minimum
Property, Plant and Equipment [Line Items]
Useful life	3 years
Computer and other equipment | Maximum
Property, Plant and Equipment [Line Items]
Useful life	10 years
Software
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 63,379	62,400
Software | Minimum
Property, Plant and Equipment [Line Items]
Useful life	5 years
Software | Maximum
Property, Plant and Equipment [Line Items]
Useful life	8 years
Capital expenditures in progress
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 64,238	$ 46,228

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets (Schedule of Changes in Intangible Assets and Goodwill) (Details) - USD ($) $ in Thousands	Nov. 20, 2019	Dec. 31, 2021	Dec. 31, 2020
Finite-lived Intangible Assets [Roll Forward]
Beginning balance		$ 46,869	$ 52,892
Other Changes		0	329
Amortization	$ (10,300)	(7,155)	(7,259)
Currency Translation		(633)	907
Ending balance		39,081	46,869
Beginning balance		187,553	180,934
Other Changes		0	335
Amortization		0	0
Currency Translation		(5,429)	6,284
Ending balance		182,124	187,553
Trade Names
Finite-lived Intangible Assets [Roll Forward]
Beginning balance		57	73
Other Changes		0	0
Amortization		(12)	(16)
Currency Translation		0	0
Ending balance		$ 45	$ 57
Trade Names | Minimum
Finite-lived Intangible Assets [Roll Forward]
Amortization life in years		6 years	6 years
Trade Names | Maximum
Finite-lived Intangible Assets [Roll Forward]
Amortization life in years		15 years	15 years
Developed Technology Rights
Finite-lived Intangible Assets [Roll Forward]
Beginning balance		$ 5,744	$ 5,804
Other Changes		0	0
Amortization		(629)	(670)
Currency Translation		(403)	610
Ending balance		$ 4,712	$ 5,744
Developed Technology Rights | Minimum
Finite-lived Intangible Assets [Roll Forward]
Amortization life in years		10 years	10 years
Developed Technology Rights | Maximum
Finite-lived Intangible Assets [Roll Forward]
Amortization life in years		15 years	15 years
Intellectual Property
Finite-lived Intangible Assets [Roll Forward]
Amortization life in years		15 years	15 years
Beginning balance		$ 1,160	$ 1,243
Other Changes		0	0
Amortization		(83)	(83)
Currency Translation		0	0
Ending balance		$ 1,077	$ 1,160
Customer Contracts
Finite-lived Intangible Assets [Roll Forward]
Amortization life in years		6 years	6 years
Beginning balance		$ 3,632	$ 6,544
Other Changes		0	0
Amortization		(2,912)	(2,912)
Currency Translation		0	0
Ending balance		720	3,632
Customer Relationships
Finite-lived Intangible Assets [Roll Forward]
Beginning balance		36,260	39,147
Other Changes		0	329
Amortization		(3,503)	(3,513)
Currency Translation		(230)	297
Ending balance		$ 32,527	$ 36,260
Customer Relationships | Minimum
Finite-lived Intangible Assets [Roll Forward]
Amortization life in years		8 years	8 years
Customer Relationships | Maximum
Finite-lived Intangible Assets [Roll Forward]
Amortization life in years		15 years	15 years
Other Intangible Assets
Finite-lived Intangible Assets [Roll Forward]
Amortization life in years		5 years	5 years
Beginning balance		$ 16	$ 81
Other Changes		0	0
Amortization		(16)	(65)
Currency Translation		0	0
Ending balance		0	16
MC Goodwill
Finite-lived Intangible Assets [Roll Forward]
Beginning balance		72,290	67,672
Other Changes		0	0
Amortization		0	0
Currency Translation		(3,961)	4,618
Ending balance		68,329	72,290
AEC Goodwill
Finite-lived Intangible Assets [Roll Forward]
Beginning balance		115,263	113,262
Other Changes		0	335
Amortization		0	0
Currency Translation		(1,468)	1,666
Ending balance		$ 113,795	$ 115,263

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	Nov. 20, 2019	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Finite-Lived Intangible Assets [Line Items]
Goodwill acquired during period		$ 0	$ 335
Amortization of intangible assets	$ 10,300	7,155	7,259
Amortized intangible assets, gross		78,300	78,000
Amortized intangible assets, accumulated amortization		39,200	31,100
Cost of Sales
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets		(3,000)	(3,000)	$ (3,000)
Selling, General and Administrative Expenses
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets		$ (4,200)	$ (4,300)	$ (3,300)
CirComp GmbH
Finite-Lived Intangible Assets [Line Items]
Goodwill acquired during period	$ 17,700

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets (Schedule of Estimated Amortization Expense) (Details) $ in Thousands	Dec. 31, 2021USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2022	$ 4,900
2023	4,200
2024	4,200
2025	4,200
2026	$ 3,600

Accrued Liabilities (Schedule o

Accrued Liabilities (Schedule of Accrued Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Payables and Accruals [Abstract]
Salaries, wages and benefits	$ 54,254	$ 47,178
Pension and postretirement	10,742	5,941
Returns and allowances	9,798	10,560
Contract liabilities	6,959	8,206
Dividends	6,742	6,469
Operating and Financing lease liabilities	5,336	5,871
Contract loss reserve	3,608	11,250
Other tax	9,041	9,866
Freight	4,031	3,474
Professional fees	3,926	3,451
Other	9,888	13,193
Total	$ 124,325	$ 125,459

Financial Instruments (Narrativ

Financial Instruments (Narrative) (Details) $ in Millions	Oct. 27, 2020USD ($)	Nov. 07, 2017USD ($)	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Dec. 16, 2021	Jun. 14, 2021USD ($)	Dec. 16, 2020USD ($)	Nov. 28, 2017USD ($)	Nov. 27, 2017USD ($)
Debt Instrument [Line Items]
Principal payments due on long-term debt in two years			$ 350
Cash payments of interest			$ 14.9	$ 15.1	$ 17.4
Maximum leverage ratio allowed			3.50
Minimum interest coverage ratio required			3
Leverage ratio			1.04
Interest coverage ratio			14.69
Line of Credit
Debt Instrument [Line Items]
Line of credit Facility, maximum borrowing capacity	$ 700	$ 685
Debt instrument, term	4 years	5 years
Borrowings outstanding			$ 350
Basis spread on variable rate			1.625%
Line of credit facility, remaining borrowing capacity			$ 350
Line of Credit | Interest Rate Swap
Debt Instrument [Line Items]
Derivative, notional amount							$ 350	$ 350	$ 350
Derivative, fixed interest rate							0.838%	3.735%	2.11%
Revolving credit borrowings										$ 300
Amount received from terminate agreement										$ 6.3
LIBOR rate								0.11%
Line of Credit | Interest Rate Swap | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Derivative, basis spread on variable rate						0.11%
Line of Credit | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate			1.50%
Line of Credit | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate			2.00%

Financial Instruments (Schedule

Financial Instruments (Schedule of Long-Term Debt) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Long-term debt	$ 350,000	$ 398,009
Less: current portion	0	(9)
Long-term debt, net of current portion	$ 350,000	$ 398,000
Interest rate, stated percentage	5.50%	5.50%
Line of Credit
Debt Instrument [Line Items]
Long-term debt	$ 350,000	$ 398,000
Interest rate, effective percentage	3.74%	3.50%
Other Long-term Debt
Debt Instrument [Line Items]
Long-term debt	$ 0	$ 9

Fair-Value Measurements (Schedu

Fair-Value Measurements (Schedule of Fair Value of Financial Assets and Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Derivative Asset [Abstract]
Equity securities, cost basis	$ 500
Fair Value, Inputs, Level 1 | Fair Value, Recurring
Assets, Fair Value Disclosure [Abstract]
Cash equivalents	20,665	$ 17,508
Common stock of unaffiliated foreign public company	702	748
Interest rate swaps	0	0
Liabilities, Fair Value Disclosure [Abstract]
Interest rate swaps	0	0
Fair Value, Inputs, Level 2 | Fair Value, Recurring
Assets, Fair Value Disclosure [Abstract]
Cash equivalents	0	0
Common stock of unaffiliated foreign public company	0	0
Interest rate swaps	3,328	0
Liabilities, Fair Value Disclosure [Abstract]
Interest rate swaps	$ (5,176)	$ (12,714)

Fair-Value Measurements (Narrat

Fair-Value Measurements (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Interest Rate Swap
Derivative [Line Items]
Interest income (expense), net	$ 7.1	$ 5.4	$ (0.6)
Interest Rate Swap Buyouts
Derivative [Line Items]
Interest income (expense), net	$ 0.3	$ 1.4	$ 0.5

Other Noncurrent Liabilities (D

Other Noncurrent Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Other Liabilities Disclosure [Abstract]
Postretirement benefits other than pensions	$ 41,257	$ 44,317
Pension liabilities	30,850	35,607
Finance leases	14,515	16,121
Operating leases	11,001	13,589
Interest rate swap agreements	5,176	12,714
Deferred payroll taxes	0	2,593
Incentive and deferred compensation	3,257	2,286
Other	1,738	3,197
Total	$ 107,794	$ 130,424

Leases (Narrative) (Details)

Leases (Narrative) (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2019	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2018
Lessee, Lease, Description [Line Items]
Total equity		$ (702,689)	$ (877,605)	$ (819,865)	$ (608,280)
Term of lease contract			1 year
Lease expense		8,900
Payments to acquire buildings	$ 5,800
Cumulative Effect, Period of Adoption, Adjustment
Lessee, Lease, Description [Line Items]
Total equity		$ 1,443			(35)
Cumulative Effect, Period of Adoption, Adjustment | Retained Earnings, Pre-Tax
Lessee, Lease, Description [Line Items]
Total equity				$ 300	$ 300
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term			1 year
Maximum
Lessee, Lease, Description [Line Items]
Renewal lease term			10 years

Leases (Schedule of Components

Leases (Schedule of Components of Lease Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Finance lease
Amortization of right-of-use asset	$ 997	$ 1,056
Interest on lease liabilities	1,353	1,475
Operating lease
Fixed lease cost	5,283	5,448
Variable lease cost	(259)	314
Short-term lease cost	1,037	996
Total lease expense	$ 8,411	$ 9,289

Leases (Schedule of Supplementa

Leases (Schedule of Supplemental Cash Flow Information Related to Leases) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Lessee Disclosure [Abstract]
Operating cash outflows from operating leases	$ 5,233	$ 5,300
Operating cash outflows from finance leases	1,353	1,475
Financing cash outflows from finance leases	1,438	7,214	$ 1,180
Right-of-use asset obtained in exchange for operating lease liability	2,189	4,017
Right-of-use asset obtained in exchange for finance lease liability	$ 0	$ 0

Leases (Schedule of Supplemen_2

Leases (Schedule of Supplemental Balance Sheet Information Related to Leases) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Operating leases
Right of use assets included in Other assets	$ 14,366	$ 17,712
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets, Noncurrent	Other Assets, Noncurrent
Lease liability - operating leases, current	$ 3,730	$ 4,433
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued liabilities	Accrued liabilities
Lease liability - operating lease, noncurrent	$ 11,001	$ 13,589
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other noncurrent liabilities	Other noncurrent liabilities
Total operating lease liabilities	$ 14,731	$ 18,022
Finance lease
Right-of-use assets included in Property, plant and equipment, net	$ 7,979	$ 8,976
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Property, plant and equipment, net	Property, plant and equipment, net
Accrued liabilities	$ 1,606	$ 1,438
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued liabilities	Accrued liabilities
Other noncurrent liabilities	$ 14,515	$ 16,121
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other noncurrent liabilities	Other noncurrent liabilities
Total finance lease liabilities	$ 16,121	$ 17,559

Leases (Schedule of Additional

Leases (Schedule of Additional Information Related to Leases) (Details)	Dec. 31, 2021	Dec. 31, 2020
Lessee Disclosure [Abstract]
Operating leases, weighted average remaining lease term	6 years	6 years
Finance leases, weighted average remaining lease term	8 years	9 years
Operating leases, weighted average discount rate	4.40%	4.50%
Finance leases, weighted average discount rate	8.00%	8.00%

Leases (Schedule of Maturities

Leases (Schedule of Maturities of Lease Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Operating leases
Year one	$ 4,737
Year two	3,412
Year three	2,199
Year four	1,801
Year five	1,782
Thereafter	2,789
Total lease payments	16,720
Less imputed interest	(1,989)
Total operating lease liabilities	14,731	$ 18,022
Finance lease
Year one	2,838
Year two	3,004
Year three	3,004
Year four	3,004
Year five	3,004
Thereafter	6,501
Total lease payments	21,355
Less imputed interest	(5,234)
Finance lease obligation	$ 16,121	17,559
Salt Lake City, Utah
Operating leases
Year one		5,135
Year two		4,202
Year three		2,829
Year four		1,986
Year five		1,788
Thereafter		4,587
Total lease payments		20,527
Less imputed interest		(2,505)
Total operating lease liabilities		18,022
Finance lease
Year one		2,790
Year two		2,838
Year three		3,004
Year four		3,004
Year five		3,004
Thereafter		9,505
Total lease payments		24,145
Less imputed interest		(6,586)
Finance lease obligation		$ 17,559

Commitments and Contingencies_2

Commitments and Contingencies (Narrative) (Details) $ in Millions	Dec. 31, 2021USD ($)claim	Dec. 31, 2020claim	Dec. 31, 2019claim	Dec. 31, 2018claim
Loss Contingencies [Line Items]
Number of pending claims	3,609
Asbestos Litigation
Loss Contingencies [Line Items]
Number of pending claims	3,609	3,615	3,708	3,684
Total resolved claims, by means of settlement or dismissal	37,980
Total cost of resolution | $	$ 10.5
Resolution costs paid by insurance carrier	100.00%
Confirmed insurance coverage | $	$ 140

Commitments and Contingencies_3

Commitments and Contingencies (Schedule of Changes in Claims) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)claim	Dec. 31, 2020USD ($)claim	Dec. 31, 2019USD ($)claim
Loss Contingency Accrual [Roll Forward]
Closing Number of Claims	3,609
Asbestos Litigation
Loss Contingency Accrual [Roll Forward]
Opening Number of Claims	3,615	3,708	3,684
Claims Dismissed, Settled, or Resolved	32	152	51
New Claims	26	59	75
Closing Number of Claims	3,609	3,615	3,708
Amounts Paid (thousands) to Settle or Resolve | $	$ 93	$ 57	$ 25

Incentive Plans (Narrative) (De

Incentive Plans (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Pension plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred compensation expense	$ 6.2	$ 6.5	$ 6.8
Profit Sharing Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Deferred compensation expense	$ 4.8	3.6	3.7
Minimum | Pension plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employer matching contribution, percent of match	50.00%
Maximum | Pension plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employer matching contribution, percent of match	100.00%
Long Term Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)	1,070,820
Long Term Incentive Plan | Management
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash payments in connection with long term incentive plan	$ 3.1	2.4
Compensation expense	3.7	4.8	4.9
Net impact to earnings	2.6	3.4	3.5
Additional share based compensation expense expected to be recognized in next twelve months	1.4
Additional share based compensation expense expected to be recognized in two years	0.3
Phantom Share Units (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	6.6	5.4	6.3
Net impact to earnings	$ 4.6	3.9	4.5
Vesting period	5 years
Compensation cost not yet recognized	$ 15
Cost not yet recognized, period for recognition	2 years
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	$ 0.6	0.4	1.1
Net impact to earnings	0.4	$ 0.3	$ 0.8
Compensation cost not yet recognized	0.2
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense	0.6
Net impact to earnings	$ 0.4

Incentive Plans (Schedules of E

Incentive Plans (Schedules of Executive Management Share-based Compensation Activity) (Details) - Performance Shares - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Shares potentially payable, beginning balance	97,840	81,712	112,465
Forfeitures (in shares)	0	0	0
Payments (in shares)	(31,722)	(20,680)	(45,689)
Shares accrued based on years performance	41,512	36,808	14,936
Shares potentially payable, ending balance	107,630	97,840	81,712
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Shares potentially payable, beginning balance	$ 71.95	$ 65.06	$ 49.96
Forfeitures (in dollars per share)
Payments (in dollars per share)	66.25	47.35	36.74
Shares accrued based on years performance	78.06	73.43	92.12
Shares potentially payable, ending balance	$ 75.99	$ 71.95	$ 65.06
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value [Abstract]
Shares potentially payable	$ 7,040	$ 5,316	$ 5,619
Shares potentially payable	$ 8,179	$ 7,040	$ 5,316

Incentive Plans (Schedules of O

Incentive Plans (Schedules of Other Share-based Compensation Activity) (Details) - Restricted Stock - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Shares potentially payable, beginning balance	213,848	215,072	227,301
Grants (in shares)	56,536	63,104	58,878
Changes due to performance (in shares)	52,296	27,921	21,740
Payments (in shares)	(68,622)	(80,808)	(69,912)
Forfeitures (in shares)	(5,644)	(11,441)	(22,935)
Shares potentially payable, ending balance	248,414	213,848	215,072
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Payments (in dollars per share)	$ 74.22	$ 73.04	$ 70.67
Cash paid for share based liabilities	$ 5,093	$ 5,848	$ 5,528

Shareholders' Equity (Narrative

Shareholders' Equity (Narrative) (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)classOfCommonStockvote$ / sharesshares	Dec. 31, 2020$ / sharesshares	Dec. 31, 2019shares
Class of Stock [Line Items]
Number of classes of common stock | classOfCommonStock	2
Purchase of treasury shares | $	$ 24,375
Treasury Stock
Class of Stock [Line Items]
Purchases of common stock (in shares)	285,286
Purchase of treasury shares | $	$ 24,375
Common Class A
Class of Stock [Line Items]
Number of votes entitled to shareholders per share of common stock | vote	1
Common stock, par or stated value per share (in dollars per share) | $ / shares	$ 0.001	$ 0.001
Common stock, capital shares reserved for future issuance (in shares)		1,600,000
Common Class A | IPO | Number of Shares Reduced
Class of Stock [Line Items]
Common stock, capital shares reserved for future issuance (in shares)			1,600,000
Common Class A | Selling Stockholders Public Offering
Class of Stock [Line Items]
Sale of stock, number of shares issued in transaction (in shares)	1,600,000
Sale of stock, price per share (in dollars per share) | $ / shares	$ 75.9656
Common Class B
Class of Stock [Line Items]
Number of votes entitled to shareholders per share of common stock | vote	10
Common stock, par or stated value per share (in dollars per share) | $ / shares	$ 0.001	$ 0.001

Shareholders' Equity (Schedule

Shareholders' Equity (Schedule of Activity in Shareholders' Equity) (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Oct. 25, 2021
Beginning balance	$ 819,865	$ 702,689	$ 608,280
Beginning balance (in shares)	32,300,000	32,300,000
Net income	$ 118,768	$ 97,243	133,383
Compensation and benefits paid or payable in shares	2,441	622	1,311
Options exercised	153	55	112
Shares issued to Directors'	947	883	752
Purchase of treasury shares	(24,375)
Cumulative translation adjustments	(23,128)	40,788	(6,886)
Pension and postretirement liability adjustments	1,171	10,333	(2,885)
Derivative valuation adjustment	7,930	(6,409)	$ (7,832)
Accounting Standards Update [Extensible Enumeration]			ASC 326	Accounting Standards Update 2016-02 [Member]
Ending balance	$ 877,605	$ 819,865	$ 702,689	$ 608,280
Ending balance (in shares)	32,100,000	32,300,000	32,300,000
Stock repurchase program, authorized amount					$ 200,000
Retained earnings	$ 863,057	$ 770,746
Cumulative Effect, Period of Adoption, Adjustment
Beginning balance		(1,443)	$ 35
Ending balance			(1,443)	35
Retained earnings				100
Common Class A
Dividends declared	$ (25,520)	$ (23,651)	$ (21,818)
Dividends declared per share amount (in dollars per share)	$ 0.81	$ 0.77	$ 0.73
Common Class B
Beginning balance (in shares)	1,617,998
Dividends declared	$ (647)	$ (1,245)	$ (1,763)
Ending balance (in shares)	104	1,617,998
Dividends declared per share amount (in dollars per share)	$ 0.81	$ 0.77	$ 0.73
Common Stock | Common Class A
Beginning balance	$ 39	$ 39	$ 37
Beginning balance (in shares)	39,115,000	39,099,000	37,450,000
Compensation and benefits paid or payable in shares (in shares)	20,000	13,000	26,000
Options exercised (in shares)	7,000	3,000	7,000
Conversion of Class B shares to Class A shares (in shares)	1,618,000		1,616,000
Conversion of Class B shares to Class A shares	$ 2		$ 2
Ending balance	$ 41	$ 39	$ 39	$ 37
Ending balance (in shares)	40,760,000	39,115,000	39,099,000	37,450,000
Common Stock | Series B Preferred Stock
Beginning balance	$ 2	$ 2	$ 3
Beginning balance (in shares)	1,618,000	1,618,000	3,234,000
Ending balance	$ 0	$ 2	$ 2	$ 3
Ending balance (in shares)	0	1,618,000	1,618,000	3,234,000
Common Stock | Common Class B
Conversion of Class B shares to Class A shares (in shares)	(1,618,000)		(1,616,000)
Conversion of Class B shares to Class A shares	$ (2)		$ (1)
Additional paid-in capital
Beginning balance	433,696	$ 432,518	430,555
Compensation and benefits paid or payable in shares	2,441	622	1,311
Options exercised	153	55	112
Shares issued to Directors'	706	501	540
Ending balance	436,996	433,696	432,518	$ 430,555
Retained earnings
Beginning balance	770,746	698,496	589,645
Net income	118,478	98,589	132,398
Conversion of Class B shares to Class A shares			(1)
Ending balance	863,057	770,746	698,496	589,645
Retained earnings | Cumulative Effect, Period of Adoption, Adjustment
Beginning balance	(1,400)	(1,443)	35
Ending balance		(1,400)	(1,443)	35
Retained earnings | Common Class A
Dividends declared	(25,520)	(23,651)	(21,818)
Retained earnings | Common Class B
Dividends declared	(647)	(1,245)	(1,763)
Accumulated items of other comprehensive income
Beginning balance	(132,408)	(175,981)	(158,388)
Cumulative translation adjustments	(22,677)	39,649	(6,876)
Pension and postretirement liability adjustments	1,171	10,333	(2,885)
Derivative valuation adjustment	7,930	(6,409)	(7,832)
Ending balance	(145,984)	(132,408)	(175,981)	(158,388)
Treasury Stock
Beginning balance	$ (256,009)	$ (256,391)	$ (256,603)
Beginning balance (in shares)	8,391,000	8,409,000	8,419,000
Shares issued to Directors'	$ 241	$ 382	$ 212
Shares issued to Directors' (in shares)	(11,000)	(18,000)	(10,000)
Purchase of treasury shares (in shares)	285,286
Purchase of treasury shares	$ (24,375)
Ending balance	$ (280,143)	$ (256,009)	$ (256,391)	$ (256,603)
Ending balance (in shares)	8,665,000	8,391,000	8,409,000	8,419,000
Noncontrolling Interest
Beginning balance	$ 3,799	$ 4,006	$ 3,031
Net income	290	(1,346)	985
Cumulative translation adjustments	(451)	1,139	(10)
Ending balance	$ 3,638	$ 3,799	$ 4,006	$ 3,031

VALUATION AND QUALIFYING ACCO_2

VALUATION AND QUALIFYING ACCOUNTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
ASC 326
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Other		$ 1,800
Allowance for doubtful accounts
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at beginning of period	$ 5,140	1,719	$ 7,337
Charge to expense	(1,299)	1,628	309
Other	(593)	1,793	(5,927)
Balance at end of the period	3,248	5,140	1,719
Allowance for sales returns
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at beginning of period	9,668	11,249	11,343
Charge to expense	6,022	3,199	7,278
Other	(6,138)	(4,780)	(7,372)
Balance at end of the period	9,552	9,668	11,249
Valuation allowance deferred tax assets
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at beginning of period	10,270	9,102	8,389
Charge to expense	949	391	859
Other	(560)	777	(146)
Balance at end of the period	$ 10,659	$ 10,270	$ 9,102